This Month In Real Estate Archives

New Home Construction In West Chester & Liberty Township

June 11, 2014 by Eric Lowry Leave a Comment

New Home Construction In West Chester & Liberty Township

The lack of inventory of homes for sale has boosted the new construction market considerably. Freddie Mac is estimating 1.2 million houses forming every year over the next ten years nationally. A Trulia survey on new vs existing homes indicates that 41% of home buyers prefer a new home, 21% prefer existing homes and 38% do not have a preference. There are many reasons why home buyers prefer a new home. 59% prefer the modern features, 56% like the ability to customize and 55% prefer new homes because they generally have less maintenance and repairs. Other reasons home buyers like to buy new homes include the modern construction standards, being the first to live in the home and living near other new homes.

There are a number of neighborhoods in Liberty Township and West Chester Ohio that consist mainly of new construction homes. Consider looking for a home in the neighborhoods of Carriage Hill, Foxborough, Glenview, The Knolls of Liberty and The Trails of Four Bridges.

If you are considering buying a new home, Contact The Lowry Team.

For more information on the local communities or housing market,

Contact The Lowry Team Keller Williams Realty

The Lowry Team is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

The Lowry Team is “Different by Design”…taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team – Keller Williams at 513-874-1830.

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Find The Current Market Value of Your Home

West Chester and Liberty Township Ohio Real Estate Market Report

May 19, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

West Chester and Liberty Township Township Ohio Home Sales were down 5.38% in April when compared to the sales in West Chester and Liberty Township in April 2013. Home sales in West Chester and Liberty Township in April 2014 were the 2nd highest for April since 2007. A lack of available homes for sale is likely the cause for the slight decline in home sales this year. The inventory of homes for sale in West Chester and Liberty Township remains very low.

West Chester and Liberty Township Ohio Average Sale Prices were up 5.46% in 2014 when compared to the same period of time in 2013 (January through April). The average sale price for homes sold in April 2014 was down 1.22% Overall the trend seems to be for a very slow and steady improvement in home prices.

Days On Market for West Chester and Liberty Township Homes that closed in April 2014 was 83 which is exactly what it was in April 2013. Brand new listings that are staged for sale and priced right continue to sell very quickly.

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in April 2014 was 96.76% which was a slight increase over April 2013’s 96.63% The list to sale price ratio is simply the percent of the current (last) list price of a home that it actually sells and closes for. The list to sale price ratio can be a pretty good indicator of a real estate markets overall strength.

The Inventory of Homes for Sale in West Chester and Liberty Township remains at very low levels. Currently in the West Chester and Liberty Township real estate market there is just about 5 months worth of inventory compared to one month ago when we were just slightly below 5 months.

Interest Rates in the West Chester and Liberty Township area remain very low and have largely been very stable. The current rate for a 30 year fixed rate loan is approximately 4.5% for a conventional loan and approximately 4.25% for an FHA loan.

Other articles you may be interested in:

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Lowry Team Real Estate: This Month In Real Estate November 2013

November 11, 2013 by Eric Lowry Leave a Comment

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 & Mason Ohio Real Estate: This Month In Real Estate – October 2013

October 9, 2013 by Eric Lowry Leave a Comment

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

This Month In Real Estate for October 2013: Factors that drive first time home purchases 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 4.50% Get preapproved for a home loan Locally as of this writing, a 30 year fixed rate mortgage is averaging around 4.29%

According to Keller Williams (KW) research first time home purchases are primarily drive by three factors.

1. The current real estate market – the current market in our area is very advantageous for buying a home right now. First Time 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. Financial readiness – while financial readiness is very much an individual issue, the affordability factor that today’s low rates and home prices offer can not be overlooked.

3. Location & price – location is most often identified by first time homebuyers as being either close to their workplace or close in proximity to where the currently live.

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?

Other articles that you may find interesting:

First Time Homebuyer Series: Can You Afford To Keep Renting?

First Time Homebuyer Series: 3 Steps To Getting Started

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

May 6, 2013 by Eric Lowry Leave a Comment

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

This Month In Real Estate for May 2013: Selling Your Home For More And Faster and taking a look at the national home sale numbers.

Homes today that are properly priced for the market may sell very quickly. According to Keller Williams (KW) research homeowners that spend an average of $250 on staging for a $200,000 home can result in a sale price almost 2% higher than homes that are not staged. The research also revealed that only 1 in 3 home sellers did any staging of their home.

Thinking of selling your home in one of our areas of specialization including West Chester, Mason, Fairfield Township and Liberty Township ? Request A Free Market Value Analysis Here

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:

Top 10 Tips When Selling A Home In West Chester & Mason Ohio

Preparing Your West Chester & Mason Ohio Home For Sale

Request A FREE Market Value Analysis Of Your Current Home To Learn It’s Value

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

January 5, 2013 by Eric Lowry Leave a Comment

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

The Spring Home Shopping Season is kicking off in West Chester & Mason Ohio Real Estate. This Month In Real Estate for January 2013 takes a look at the national home sale numbers and also the results of a national survey of homebuyers.

According to a national survey over 90% of homebuyers start their search for a new home on the internet. >>You can start your search for a new home here<<

Also, revealed was the fact that home buyers spent almost two months looking before finally finding their new home. This two month lag time means that homes that are on the market right now are the best positioned to close in the early spring. To be ahead of the competition you need to list your home for sale now.

Are you thinking of selling your current home?

Request A FREE Market Value Analysis Of Your Current Home To Learn It’s Value

Other articles that you may find interesting:

Selling A Home In West Chester Ohio

West Chester & Liberty Township OH Real Estate: Preparing Your Home To Sell