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West Chester & Mason Ohio Real Estate: This Month In Real Estate – November 2013

This Month In Real Estate for November 2013: The primary reasons homesellers decide to move and taking a look at the national home sale numbers.

Home sales nationally continued to improve in both unit sales numbers as well as increases in average sale price. The national average on a 30 year fixed rate mortgage is currently at 4.28% Get preapproved for a home loan Locally as of this writing, a 30 year fixed rate mortgage is averaging around 4.25%

According to Keller Williams (KW) research the primary reasons homesellers decide to move are primarily driven by four factors.

1. The desire to upgrade to a bigger home – the current real estate market in our area is very advantageous for moving up to a bigger home right now. Homebuyers will find home prices are still low and represent great value. Mortgage interest rates have now gone back down slightly after a very quick run up over the last few months

2. The desire to upgrade to a better neighborhood – this desire can be about better schools, larger lot sizes, newer homes, older homes with more character or a number of other factors. You can start your home search by neighborhood right here on our website.

3. The need to relocate due to a job – changes in employment due to promotions and job/employer changes can frequently be the driver of selling a home.

4. The need to sell due to a change in family status – changes in family status due to new born children, grown children moving away for college or jobs, divorce and death can all be the driver of selling a home.

Thinking of buying a home? Start your search on our real estate search engine: www.lowryteam.com

Thinking of selling your home in one of our areas of specialization including West Chester, Mason, Fairfield Township and Liberty Township ? Find Your Homes Value Here – Right Now

Homes with the best pricing and the best condition go first and sell quickly! Need more information on preparing your home for sale? Request a no obligation consultation here!

Other articles that you may find interesting:

Thinking Of Selling Your Home? 5 Reasons To Do It Now

Buying A Home During The Holidays

Wondering What Your Home Is Worth?

Find Out In Just Seconds!

West Chester OH Most Expensive Home Sales In 2012

2012 was the year we saw the luxury home market in West Chester Ohio begin to show signs of recovery. The number of luxury home sales in West Chester was much higher than in 2011. While the inventory of homes for sale in this luxury home category remains very high relative to the number of homes selling, this is a good start.

Million dollar home sales continue to elude West Chester. Once again there was not a million dollar home sale recorded in the Cincinnati MLS for West Chester in 2012. (Although one home came close). The last million dollar home sale in West Chester was in March of 2008 according to the Cincinnati MLS.

The Top Ten Most Expensive Home Sales in West Chester Ohio in 2012 (see image below) were sold in a range from $550,000 – $940,000. Of these ten home sales, 4 were in the Reserves Of Providence Subdivision, 4 were in Foxborough Subdivision, 1 was in Wetherington Subdivision and 1 was in Indian Springs Subdivision.

In 2011 there were only 4 home sales that closed at $550,000 or higher. So the 10 that sold this past in year at $550,000+ is a terrific increase.

Three of these home sales were new construction homes. All three of these newly built homes were sold in the Foxborough Subdivision, which hosted Homearama in 2011. Side note here: the 2013 Homearama Home Show is being held in Liberty Township in The Carriage Hill Subdivision.

West Chester OH Most Expensive Home Sales 2012 — Click On Image To View Larger

Search For The Most Expensive Homes Currently Listed For Sale In West Chester Ohio Right Here

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