Warren County Ohio Real Estate News and Observations

Warren County Ohio Foreclosure Update: Sheriff's Sales through 08/24/2015

Warren County Ohio Foreclosure Update: Sheriff's Sales through 08/24/2015

We're in the peak selling season for Warren County Ohio.  School bells will be ringing before we know it and that usually starts a bit of a slow down.  The good news for the overall market is the number of distressed properties are dropping.  The percentage of the market and the raw number involved in foreclosures are declining and short sales needed are less than they used to be because the overall market values are pushing up.

Stick with us and you'll know practically everything you might want to know about Warren County foreclosure and short sale activity over the last month!  AND at the end links to search for Warren County foreclosed homes for sale and Warren County short sales for sale.

We'll start with the trend chart of Sheriff's Sales scheduled with this revision including TWO additional weeks of sales and one week of no sales scheduled.   The BLACK DIAGONAL line one the chart is the trend line and clearly shows that Warren County foreclosures continue to decrease over the last year plus.

Warren County Ohio Foreclosures

934 Kerns Drive Lebanon Ohio short sale home sold

Homes scheduled for foreclosure include a variety of sources:  builders, "regular" home owners, tax liens, estates, etc.   And some homes scheduled for foreclosure WILL have the sheriff's auction canceled, either due to catching up on payments, a loan modification or the owner sells their home prior and uses the proceeds to get right with the bank (e.g. adequate equity or a short sale arrangement).

If you want details on exactly what homes are scheduled for foreclosure, click Warren County's Sheriff's Foreclosures to access the official list from the Warren County Sheriff's website and learn how to make an offer on a foreclosed home.

Below is a summary of the recent foreclosure trends.  Note in the Net row for the first table, Red font is a trend we see as negative, Green as positive, Black as neutral.   

Warren County Ohio Distressed Real estate sales

Warren County Ohio Foreclosure information

 

Summary of Warren County Ohio Foreclosure and Short Sale Information:

As you can see, the percentage of distressed properties on the market continues to drop, both for percentage of sold and for percentage available for sale.  Not great if you ONLY want that type of home, but good for everyone else.   

For the most recent foreclosures scheduled, a fair number are tax lien related. 

 

What does this mean to you as a Warren County home seller?

We have no reason to change past advice:  if you're motivated to sell, the distressed home inventory is negligible.  While "regular" inventory has increased some, it's still not enough to meet overall demand.   Many areas of Warren County still have a scarcity of the best homes for sale, e.g. a prime home in Mason may sell in 24 hours (or less!).  Newer and/or updated homes have an edge in this market if they're priced and marketed properly.
 
Only rarely will foreclosures and short sales impact your ability to find a buyer.  Just call us to set an appointment if you'd like to know about the marketability and value of your home!

 

What does this mean to you as a Warren County home buyer?
You won't have a large selection if foreclosures and short sales are your preferred home target.  With just 39 (down 10 from last month) for sale for the ENTIRE county, it's VERY slim pickings.

Be aware that you're competing with other buyers AND investors for these homes.  And investors are often CASH buyers, so your financing contingent offer may be less competitive to the sellers.  However, some foreclosed properties have an initial period reserved for owner/occupants before being opened up to investors, so don't miss that window of opportunity!

 

CLICK:  VIEW WARREN COUNTY OHIO SHORT SALE HOMES IN CINCINNATI MLS for short sale Warren County Ohio homes listed 7/26/15.  Link is good for 30 days.

 

 CLICK:  VIEW WARREN COUNTY OHIO FORECLOSED HOMES FOR SALE IN CINCINNATI MLS for foreclosed Warren County Ohio homes listed 7/26/15.  Link is good for 30 days.

 

DISCLAIMER: There may be additional homes offered for sale in ONLY the Dayton MLS that might include additional foreclosed homes and short sale candidates. When working with buyers for Warren County, we use BOTH Cincinnati and Dayton MLS to ensure our buyers have visibility to ALL MLS listed homes.

If you have questions regarding these sales, or other real estate related questions, please don't hesitate to contact us!

Serving Your Warren County Residential Real Estate Needs,
Bill & Liz aka BLiz

REALTORS(S) Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Direct:  513-520-5305
Direct #2: 513-265-3004     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

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Comment balloon 0 commentsLiz and Bill Spear • July 26 2015 06:25PM
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