Warren County Ohio Real Estate News and Observations

Warren County Ohio Real Estate Market Snapshot August 2014

Warren County Ohio Real Estate Market Snapshot August 2014 

It's the day after the big end of summer bash on the Ohio River.  The fireworks have sent out the season with a bang!  It's been a very strong summer for Warren County home sellers and buyers too, with some of the best activity we've seen in years!  We'll caveat this month's report with the expectation that we'll be underreporting the sales for the month of August.  With the long Labor Day weekend, closings Friday and new listings from the weekend will NOT be entered into MLS yet.  (For instance, our buyers completed the purchase of a home Friday afternoon, but the home is still showing Pending in MLS).

Stay with us for a top line review of the August market.

Come back later this month (starting around the 5th) for the start of our detailed market reports for Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow.   By then all the month end transactions will have been accounted for.


Warren County Residential Sales Summary (single family homes & condos):

Number of Homes For Sale 9/1/14:  1245 (UP 17 from 1228 8/11/14)

Number of Homes Under Contract (Pending) 9/1/14: 427 (DOWN  53 from 480 8/1/14)

Number of Homes SOLD in August: 251 vs 292 last month (as of August 1)  DOWN 41

Average Sales Price: $232,030 vs. July's $223,424

Average Cumulative Days on Market for SOLD homes:  64 vs 59

Median Sales Price:  $200,000 vs. August's $186,500

Median Cumulative Days on Market for SOLD homes:  33 vs. 30

Minimum Price Sold:  $8,600

Maximum Price Sold:  $1,450,000

What are the key takeaways? 

  • Our typical summer slowdown continues.  Fewer homes sold, fewer homes under contract, and bit more homes For Sale.   By no means are the numbers bad, they're just less than the previous few months.  Still a LOT of homes changing ownership.
  • Days on market increased SLIGHTLY, and again, to be expected for this time of year.
  • Home prices increased both average and median from the previous month, but still fairly consistent with most recent months. 
  • And again a HUGE spread between the least expensive home and the most expensive home sold in August.  From a cash only auction in the country to a custom luxury home in suburbia.

Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale, and their involvement in the market continues to be minimal.  The 1245 homes for sale include 41 foreclosed homes and 30 short sales.  Of the 251 homes sold in August, 17 were foreclosures and 2 were short sales.

Ashmont of Mason Ohio

Visit our www.WarrenCountyOhioRealEstate.com website for full search capability without registration requirements.

For an in depth analysis of YOUR particular neighborhood and home, call us at 513-520-5305 or email at Liz@LizSpear.com. No hassle, no pressure.  Whether you want to go on the Warren County market tomorrow, or next year, there's value in knowing your specific options.

Serving Warren County's residential real estate needs,
Liz and Bill 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
Liz direct:  513-265-3004
Bill direct: 513-520-5305     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

 FacebooktwitterWordpressYouTube Pinterest

 

 

 

 

 

 

OUR SERVICE AREA:


View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map

2 commentsLiz and Bill Spear • September 01 2014 06:47AM
Warren County Ohio Real Estate Market Snapshot August 2014
share
Warren County Ohio Real Estate Market Snapshot August 2014 It's the day after the big end of summer bash on the Ohio River. The fireworks have sent out the season with a bang! It's been a very strong summer for Warren County home sellers and… more
Warren County Ohio Foreclosure Update: Sheriff's Sales through 10/20…
share
Warren County Ohio Foreclosure Update: Sheriff's Sales through 10/20/2014 School is back in session through most of Warren County. Before we know it the fall festivals will be arriving and we'll be eating apples in Lebanon and sauerkraut in… more
Springboro Ohio Luxury Home Under Contract In 80 Days!
share
Springboro Ohio Luxury Home Under Contract In 80 Days! It's what we all hope for as agents. Years ago you helped buyers find the "just right" home for them, and now it's time to sell and they're calling you. Time to walk the talk that the… more
Lebanon Ohio Poplar Hill Home Under Contract In 19 Days!
share
Lebanon Ohio Poplar Hill Home Under Contract In 19 Days! What do you get when you combine an immaculately kept home, motivated sellers and the marketing of The Liz Spear Team of RE/MAX Elite? An accepted contract in only 19 days! Considering… more
Caesar Creek State Park Area Home SOLD: 5541 Harveysburg Rd
share
Caesar Creek State Park Area Home SOLD: 5541 Harveysburg Rd We'll admit, not all our listings sell quickly! While we may have recently gotten a Lebanon home under contract in 19 days and a Springboro custom luxury home in 80 days, this Caesar… more
What's My Morrow Ohio Home Worth? July 2014 Update
share
What's My Morrow Ohio Home Worth? July 2014 Update Little Miami schools ring the bells tomorrow. Although summer is officially still here, you've got the signs of fall with that event. Typically when the seasons change so does the Morrow… more
What's My Maineville/Hamilton Township Home Worth? July 2014 Update
share
What's My Maineville/Hamilton Township Home Worth? July 2014 Update You can almost hear the school bells! Summer is winding down and for the most part, the peak of the Maineville real estate market. Don't get us wrong, the market is NOT bad,… more
What's My Springboro Ohio Home Worth? July 2014 Update
share
What's My Springboro Ohio Home Worth? July 2014 Update Summer is winding down, hard to believe isn't it? School bells are close to ringing! But here's what we're seeing, the Springboro real estate market did REALLY well in July! So well we… more
What's My Mason Ohio Home Worth? July 2014 Market Update
share
What's My Mason Ohio Home Worth? July 2014 Market Update You can almost hear the school bells ringing. Summer is ALREADY winding down. And typically as summer winds down so does the Mason Ohio real estate market. Is that holding true this… more
What's My Mason Ohio Condo Worth? July 2014 Market Update
share
What's My Mason Ohio Condo Worth? July 2014 Market Update Hard to believe, but summer is already winding down! And looking at July's Mason Ohio condo real estate market stats, we think we can safely call PEAK OF SEASON has been reached. While… more