West Chester Ohio Luxury Home Archives -

2013 Cincinnati Homearama Home Show In Liberty Township

May 9, 2013 by Eric Lowry Leave a Comment

2013 Cincinnati Homearama Luxury Home Show In Liberty Township

The 2013 edition of the Cincinnati luxury home show known as Homearama is now scheduled for July 13 – July 28 2013. Previously the luxury home show had been scheduled for June, but had to be re-scheduled due to unfore seen construction delays. The luxury home show is being held in Carriage Hill Subdivision in Liberty Township. If you are interested in seeing the homes listed for sale in Carriage Hill you can view them here.

Homearama this year will feature 8 luxury homes ranging in price from $780,000 – $1,200,000, many of which are already sold. This is an interesting fact considering that West Chester and Liberty Township real estate markets have only recorded 4 home sales above $700,000 in the last 16 months according to the MLS of Greater Cincinnati. Homearama has either expanded the luxury home market in West Chester and Liberty Township or it has taken sales from the current re-sale market.

There are currently 15 homes for sale in the above $700,000 price range in West Chester and Liberty Township right now. You can view those here: West Chester & Liberty Township Luxury Homes For Sale

Homearama was last held in West Chester and Liberty Township in 2011 in the Foxborough Subdivision of West Chester. Foxborough is located just minutes from the Carriage Hill Subdivision.

More information on Homearama can be found on the Home Builders Of Cincinnati website

Most Expensive Homes For Sale In West Chester Ohio

October 8, 2012 by Eric Lowry Leave a Comment

Most Expensive Homes For Sale In West Chester Ohio

Looking for the most expensive homes for sale in West Chester Ohio? The most expensive homes for sale in West Chester Ohio are generally found in just a few neighborhoods like Wetherington, Reserves Of Providence and occasionally Beckett Ridge subdivison.

West Chester Ohio Most Expensive Homes For Sale — Click The Map To See Details Of All These Homes

For more information on the most expensive homes for sale in West Chester click on the map above. These homes range in price from $599,500 to $1,900,000. The luxury real estate market in West Chester Ohio is pretty heavy on inventory, so the opportunity to find a great deal is pretty significant.

Please contact The Lowry Team for more information on any of these home or to schedule a showing.

Other articles you may be interested in:

Search For Homes For Sale In West Chester Ohio

Search For Condos For Sale In West Chester Ohio

West Chester’s Most Expensive Home Sales In 2012

September 28, 2012 by Eric Lowry Leave a Comment

West Chester’s Most Expensive Home Sales In 2012

Search Luxury Homes For Sale In West Chester

So far in 2012, the West Chester real estate market has seen 13 properties sell for $500,000 or more. The neighborhood with the largest number of these homes sold was the West Chester subdivision of the Reserves of Providence. The top 10 most expensive homes sold in the $550,000 to just under $1,000,000 price range.

The top 10 luxury home sales of 2012 for West Chester Ohio are*:

*Source of this home sale data is the MLS of Greater Cincinnati.

4 of the 10 most expensive luxury home sales in West Chester are in the Reserves of Providence subdivision and 4 of the 10 most expensive luxury home sales in West Chester are in the adjoining Foxborough subdivision. Clearly the luxury home market in West Chester is in this area with 80% of all sales in these two subdivisions in 2012 and with Homearama 2011 having been held in the Foxborough subdivision this trend was definitely solidified. It was a little surprising that only 1 of the top ten luxury home sales was in the Wetherington subdivision in West Chester. In past year’s Wetherington has been considered one of the most exclusive neighborhoods in West Chester.

For more information on buying or selling a luxury home in West Chester, please contact Eric Lowry and the Lowry Team at Keller Williams Realty – Direct: 513-874-1830

You can start your luxury home search right here >> Search Luxury Homes For Sale In West Chester & Liberty Twp

Homearama 2012 Starts This Weekend – Tuesday Open House – June 5, 2012

June 5, 2012 by Eric Lowry Leave a Comment

It’s Tuesday, so this must be the Tuesday Open House – West Chester & Mason Ohio Real Estate News

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… great internet marketing does… however it makes a really great title for a weekly blog post on Cincinnati Ohio Real Estate News.

It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

Homearama 2012 Starts This Weekend:

Homearama 2012. Homearama 2012 in Cincinnati starts this weekend. The 2012 Homearama is 01ing held at Willows Bend subdivision in Miami Township. This is the 50th Anniversary of the luxury home show. This year’s show features homes built by six luxury homebuilders in prices ranging from $675,000 – $950,000. You can view the Home-a-rama neighborhood homes listed for sale here

In honor of the start of Cincinnati’s Luxury Home Show, we will take a look back at some of the previous Homearama show sites from previous years. If you are an every year attendee of Homearama here in Cincinnati then you will remember some of these:

Last years show (2011) was held in Foxborough subdivision in West Chester Ohio. This was the first year that the Homearama Home Show returned after being cancelled in 2010. If you are wondering what the current homes for sale in Foxborough look like you can see them here

Homearama 2009 was the year that we saw the downsizing of the prices and sizes of the Homearama homes. In 2009 Homearama was held in Carmelle subdivision in Mason Ohio. This was a departure from previous years when the homes kept getting larger and more expensive every year. You can get a look at the homes for sale in Carmelle in Mason here.

Homearama was in fact held in Mason for a run of five out of six years from 2004 through 2009. Three of the Homearama home shows, 2005, 2006 and 2008 were held in the Long Cove community, a very high end neighborhood located within walking distance of the Deerfield Town Centre. You can view the Homes in Long Cove for sale here. As of this writing there were 24 of them.

There have been many fine communities over the years that have hosted this terrific luxury home show. Chestnut Hill in Mason, Four Bridges In Liberty Township (twice) and of course Rivers Bend.

If you would like more information on any of these terrific neighborhoods give us a call at 513-874-1830 or simply fill out the contact form below and will be in touch just as quickly as we can.

West Chester Real Estate:What Impact Does Homearama Have On Home Sales

January 26, 2011 by Eric Lowry Leave a Comment

What Impact Does Homearama Have On Home Sales?

Homearama 2011 is coming to West Chester, Ohio and it is sure to generate a lot of excitement, with large crowds and lots of exposure for West Chester and Liberty Township Ohio real estate. Good press for the West Chester community and a little excitement for the housing market in our area are certainly welcome.

But what is the impact of Homearama 2011 on luxury home sales in West Chester and Liberty Township?

First let’s establish that the exposure and excitement generated by the luxury home show are definite positives and truly a good thing. The show organizers have estimated that as many as 40,000 consumers will visit the show. That’s good news for West Chester restaurants and businesses.

What the true impact on luxury home sales in West Chester and Liberty Township is might not be as rosy. If you establish that the luxury home market in West Chester and Liberty Township is defined as $500,000 and up, here’s what it looks like:

There are currently 35 homes for sale in West Chester and Liberty Township in this price range.

In the last 6 months there have been 13 homes sold and closed in this same price range, which is an average of 2 homes per month. This means there is a 16 month supply of homes for sale in this luxury home market. This is a large oversupply of homes for sale in this price range and the Homearama luxury home show is adding to it. According to the Home Builders Association of Greater Cincinnati at least 7 homes will be built, with 2 of them having been pre-sold. As of this writing 5 of the homes are listed for sale in the Multiple Listing Service of Greater Cincinnati (MLS).

So what is the issue? The issue is… if you are thinking of selling your luxury home in West Chester or Liberty Township your competition just got tougher and now there is more of it. 16 months of inventory is alot. 16 months of inventory means that if no new listings come on the market in this price range and homes continue to sell at their current pace, it would take until approx. June 1st of 2012 to get all of the homes sold!

The solution? If you have a home to sell in the luxury home price range ($500,000 and up) you need to do 3 things:

1.) Get your home professionally staged – you’re competing with homearama homes here.

2.) Get your home on the market now before more inventory causes even more pricing pressure.

3.) Price your home to sell based on a detailed market value analysis.

Wondering what your home is worth in today’s real estate market? Request a market analysis here! Click Here To Search For Luxury Homes For Sale In West Chester and Liberty Township!

West Chester OH Real Estate Market Breakdown – January 2011

January 10, 2011 by Eric Lowry Leave a Comment

West Chester OH Real Estate Market Breakdown – January 2011

Which price ranges are in the best shape from a home sellers perspective in West Chester, Ohio and which are not? The best way to measure the general strength of the West Chester, Ohio real estate market and to break down it’s different price ranges is to evaluate the amount of homes for sale in both the total area and also in each different price range.

SEARCH ALL HOMES FOR SALE IN WEST CHESTER, OHIO

In the chart below you can see that there is clearly more activity in some price ranges than others and certainly more homes for sale in some of the ranges also. In each of the different price ranges you can see the number of homes for sale, the number of homes that have sold in the last six months and the months supply of homes.

The number of homes for sale is a pretty straight forward statistic, the number of homes that have sold in the last six months is used to determine the rate that homes are currently selling. The key number in this chart is the months supply of homes for sale.

A seller’s market would show a month’s supply of less than 5 months, 5-6 months supply of homes for sale is considered a neutral market and anything over 6 months is considered a buyer’s market. The higher the number the stronger the buyer’s market.

Clearly we can see that a number of price ranges, as well as the overall market are a buyer’s market. No surprise there, but when listing a home for sale you must understand the level of pricing pressure and competition so that you employ the correct pricing strategy in selling your home.

LowryTeam.com West Chester Real Estate Market Statistics — click on the image to see a larger version

Please keep in mind that these statistics are for West Chester, Ohio only and should be considered along with the Liberty Township, Ohio real estate market statistics when making pricing decisions and putting your home on the market. I will update the market numbers for Liberty Township later this week.

In a later post we will also take a look at what the impact of the Home Builders Homearama luxury home show will have on the luxury home price ranges in the next few months in West Chester and Liberty Township, Ohio.

Do you want to track the real estate market activity in your West Chester Ohio neighborhood? Get a free, comprehensive real estate market report sent directly to your inbox at >> Home Values In West Chester Ohio.