West Chester & Liberty Township, OH Real Estate News

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♦Everyone it seems is interested in foreclosure and short sale properties.  Well how about this real estate deal:

The sale is planned for March 5th according to the Cincinnati Enquirer.  It should be noted that the shopping complex is continuing to operate business as usual.

♦Homearama 2009 has been delayed until September this year.  The show featuring the finest luxury homes in the area has normally been held in June each year.  Several weeks ago the Cincinnati Home Builders Association annouNced that the show had been delayed by the economy.  Read the full story regarding the Homearama 2009 here.

The price point of the homes built will be between $550,000 and $950,000.  Home builders that have committed to the show so far are: The Drees Company, Fischer Homes, John Henry Homes, Pendragon Homes and Summit Custom Homes.  More details on the luxury home show can be found in this article.

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio

West Chester, OH Real Estate Update: January 2009

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The last three months have been very turbulent for most everyone whether you are talking about the stock  market, the auto industry or real estate (or for that matter any number of areas).  Let’s take a look at how things have gone the last three months in West Chester, Ohio in real estate.

With regard to sales, in 2007 160 units were sold vs. 142 units in 2008.  This represents a decrease of 11.25%.  Looking forward to the first three months of 2009 a reasonable projection may be that we will continue to see declines in units sold when compared to last year, possibly resulting in levels of 55-75 units in each of the first three months of the year.

2007 Units 2008 Units + or –
160 142 -11.25%

The average sale price for the last three months of 2008 was down 3.40% compared to the same period in 2007.  As you can see in the table below, the average sale price in the last three months of 2008 was $204,783 compared to $211,999 in 2007.  For there to be a stabilization of home prices and then at some point a return of appreciation, we will need to see a smaller supply of homes available for sale.  In many of the price ranges there remains a significant oversupply.  We will take a look at the supply of homes for sale next.  Be sure to check back!

2007 Avg Sale Price 2008 Avg Sale Price + or –
 $211,999 $204,783 -3.40%

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio

West Chester & Liberty Township, Oh Real Estate: Housing Stimulus Possibilities

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Fix Housing First Coalition Seeks To Revive Economy

The National Association of Home Builders (NAHB) is spearheading Fix Housing First, one of the largest coalitions of housing advocates ever assembled in the United States, to push for a housing recovery plan that will revive the economy.

  “If we are going to successfully pull our nation out of recession, we must address housing first,” said NAHB President and CEO Jerry Howard.  

Fix Housing First, which consists of more than 600 organizations, home building companies and manufacturers continues to add new members on a daily basis, is pressing for a major stimulus package to stem the decline in home values, stabilize financial markets and reignite consumer demand. To get the economy moving again, the coalition is urging Congress to support enhancements to the home buyer tax credit and provide below-market 30-year fixed-rate mortgages for home purchases… 

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio

West Chester, Oh Real Estate: Now Is The Time To Buy!

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Now Is The Time To Buy…

 

 

This home is a perfect home for the first time homebuyer with it’s many updates and terrific location in West Chester, Ohio.  With the historically low interest rates available today combined with the $7500. tax credit available to first time homebuyers right now IS THE TIME TO BUY!  Read my previous post on the first time homebuyer tax credit here.

8708 Willet Lane, West Chester, Ohio 45069

West Chester, Ohio 45069

Lakota Schools

$174,900  – Three Bedrooms – Two Full Baths, One Half Bath

This is a terrific, move in ready home in West Chester:

  • Full Of Upgrades
  • Warm, Inviting Family Room w/ Fireplace
  • Kitchen Features Corian Counters & Newer Appliances
  • Formal Living & Dining Rooms
  • Master Bedroom Features An Adjoining Full Bath
  • Finished Lower Level Rec Room
  • Patio Overlooks Large Rear Yard
  • New Furnace / AC In 2007
  • New Hot Water Heater In 2005
  • Newer Gilkey Windows
  • Close To Schools, Shopping, Dining & Expressways!

 

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio

West Chester Oh Real Estate: October 2008 Home Sales

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October 2008 Home Sales For West Chester & Liberty Township, Ohio

 
 

October 2007

October 2008

+ / –

Closed Units

102

97

-4.90%

Average Sale Price

$229,333

$225,545

-1.65%

Average Days On Market

92

72

-21.74%

Average List / Sale Price %

96.09%

94.98%

-1.11%

 Sales were once again down in October 2008 when compared to October of last year.  Unit sales (closings)  were down 4.90% in West Chester and Liberty Township.  The percentage decrease is smaller than it has been previously, continuing a pattern of inconsistency in sales.  We have a little burst of activity and then it slows again.  Average sale prices were down 1.65% over October of 2007.  This is a smaller decrease than we have been seeing in recent months.  To determine if this is a change in the overall trend of the average sale price for West Chester and Liberty Township homes we will need to be closely examining the sales figures for the coming few months. 

Thinking of selling?  Click here to learn the current market value of your home.

Interest rates continued their dramatic drop this week.  This week we saw a drop to at weeks end 5.30% for a 30 year fixed rate mortgage.  An FHA 30 year fixed rate mortgage is currently 5.50%.  These are great rates that are changing daily.  If you need a referral to a good lender with competitive rates and closing costs please let me know.

West Chester Ohio Real Estate: Christmas Walk Returns

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The Olde West Chester Christmas Walk returns this year after a two year absence.  The event begins at 1:00pm on Saturday, November 15th and concludes with a parade starting at 7:00pm at the Union Elementary School lite up by 1500 luminaria and ends with the lighting of the community Christmas tree at the township hall.  The businesses along Cincinnati-Dayton Road will be hosting open houses.  There will be live entertainment, food, children’s activities and yes, Sant Claus.  For more information visit the West Chester Township website

Also this weekend the new Miami University learning center is hosting an open house.  This is their new facility at the Voice Of America Center on Cox Road here in West Chester.  Guests will be able to tour the 23,000 square foot facility, learn more about Miami courses and programs offered at the VOALC, and learn more about the area surrounding the Center including the former VOA Bethany Relay Station.

Your comments are always welcome!