Warren County Ohio Real Estate News and Observations

What's My Mason Ohio Condo Worth? November 2018 Update

 

 7609E Mansion Circle Mason OH 45040 condo we listed and sold in July 2012.Mason Ohio's condo market was strong in November, but we expect a dip for the holiday season.  There just aren't enough Mason condos for sale to meet all buyer needs.  Properly presented and priced, Mason condos are still selling in less than 2 weeks.  Stay with us for the whats, whys and hows of the Mason condo market!  And a bonus at the end, easy to use Search For Mason Ohio Condos For Sale links!  And if you want to know How Much Is My Mason Condo Worth?, just click the link, fill out the form and we'll be in touch soon!

If you're interested in the Mason Ohio Single Family Home Update for November  just click the link for the details.

All data is derived from the Cincinnati MLS system.  If any Mason condos traded hands without a REALTOR® involved, then it won't be reflected in this report.  All data is for the Mason School District area, so is not limited solely to Mason city limits

Mason offers a full range of price points, with some entry level condos below $100k and luxury/golf course community condos well into the $300k and even $400k price point.  So whether you want an economy condo, or the luxury version, we can help you find the right Mason condo for you!

Our listing at 6483 Partridge Way in Hunters Green

A condo in Villas of Hunters Green we sold!

In general, you can expect to pay a premium for Mason condos when compared to communities further away from Cincinnati, although there is diminished opportunity for condos as you head away from Cincinnati.

So, on to the data!
 
First up is the number of Mason condos sold on a month by month basis for 2010 to present:
Mason Ohio Condominium Market Report
Next is the Mason condo median price summary chart.

Mason Ohio condo sales

Mason Condominium Data Summary:

Condos Sold: 16 (0 Bank/Government Owned, 0 Short Sale, 0 New Construction) DOWN 2

Average Price:  $165,900 DOWN $4kA Mason Condo in Oakwood Lakes

Median Price:  $164,950 UP $16.5k

Days on Market Average for SOLD:  11 UP 5 (Median 6 Days)

Condos Active 12/7/18: 18 DOWN 3

Condos Pending 12/7/18:  12 DOWN 1

Average Sales/List %:  97.0%  DOWN 1.9%

Most Expensive Condo Sold:  $234,000

Least Expensive Condo Sold:  $100,000

 

So what do the stats indicate about Mason Ohio condo sales? 

Key takeaways this month: 

  • Sales were in a VERY tight band this month, with 14 of the 16 sold between $100,000 and $200,000. 
  • 16 completed sales is good for November, but don't expect that number to hold in December.  With only 12 condos under contract and the holiday season here, there should be a drop in completed sales. 
  • Total condos for sale dropped slightly, and while 18 is better than the smaller numbers we had this summer, we're still short overall.  We've got buyers with specific needs in Oakwood Lakes and Waters Edge The Sanctuary, but still no matches that meet their needs.   
  • Mason condos are selling quickly, at 1.5 weeks on average and while median time doubled from 3 days to 6, that's still VERY fast. 
  •  There ARE some new construction opportunities not reflected in the 18 condos for sale, but they're going to cost you over $300,000 or more.  Fox Hollow and Beacon Hill offer new construction opportunities if you've got the budget for them.  Immediately adjacent to Mason are some other new construction condos if being directly in Mason isn't a concern.  Contact us for details Liz@LizSpear.com or 513-520-5305.  Patio homes and condos are a specialty of ours.
  • Distressed condos (foreclosures and short sales) for sale are currently nonexistent.  None completed sale and none are in the Active condos for sale. 

 

4261 Eastlake Dr Mason OH 45040  condo soldSo what does this mean to you as a Mason Ohio condo owner?

NO CHANGE.  The continued shortage of condos for sale works to the sellers' advantage, especially in the more affordable price ranges and the ranch condos have higher demand.  Sub $100k condos that are not updated might take longer to sell.  

We have a solid track record for selling Mason condos, so we'd love to help you achieve your real estate goal of selling your Mason condo.

Mason condos will remain in demand because they're an affordable entry point into Mason living versus the average Mason single family home selling well into the $300ks.   The only niche that is a bit slower are the luxury Mason condos, as that segment is competing against new construction. 

For an evaluation of your condo's marketability, please contact us at 513-520-5305.  

So what does this mean to you as a potential Mason condo buyer? 

NO CHANGE HERE EITHER.  The good condos are selling quickly and with limited selection you need to look at new entries on the market quickly.  It won't take long to determine if there's a Mason condo that will work for you.  However, new construction is still a possibility and not all of them make it into MLS (and they're not cheap either).  We can help with those too, even if they're not in Cincinnati MLS.  We represent YOU and not the builder, and it costs you nothing extra to hire us to help you!  

If you HAVE to have a Mason home, but don't like the pricing premium for a regular single family home, Mason condos make a great alternative (but don't forget to factor in the HOA fees).  Use our links below to check availability for your price range.

And if you need an FHA loan to finance, quite a few of the condo communities are NOT eligible for FHA certification.  Check with us to verify the condo that interests you can be FHA financed.  The same applies for VA financing.

Check the search links below to view Mason condos currently for sale (the results include ACTIVE and PENDING, so look under  the left photo in the results to distinguish).

Search Mason Ohio Condos For Sale Under $150000 

Search Mason Ohio Condos For Sale $150000 to $300000

Search Luxury Mason Ohio Condos For Sale $300,000 And Up

If you're interested in buying a Mason condo, please contact us 513-520-5305 with your needs and we'll help you find the right Mason community for you! 

Serving Mason's condo buyers and sellers,
Liz and Bill aka BLiz

 

Recent Mason Condo Market Reports:

October 2018 Mason Ohio Condo Market Report

September 2018 Mason Ohio Condo Market Report

August 2018 Mason Ohio Condo Market Report

July 2018 Mason Ohio Condo Market Report

June 2018 Mason Ohio Condo Market Report

May 2018 Mason Ohio Condo Market Report

April 2018 Mason Ohio Condo Market Report

March 2018 Mason Ohio Condo Market Report

February 2018 Mason Ohio Condo Market Report

January 2018 Mason Ohio Condo Market Report

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

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

MailTo:  Liz@LizSpear.com

Search Homes:  Http://WarrenCountyOhioRealEstate.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

Comment balloon 0 commentsLiz and Bill Spear • December 08 2018 01:36AM
What's My Mason Ohio Condo Worth? November 2018 Update
share
Mason Ohio's condo market was strong in November, but we expect a dip for the holiday season. There just aren't enough Mason condos for sale to meet all buyer needs. Properly presented and priced, Mason condos are still selling in less than 2… more
What's My Lebanon Ohio Home Worth? November 2018 Update
share
The Lebanon Ohio real estate market was remarkably busy in November, with a new November total sold high when compared to 2010 through 2017. Prices were good and time to sell remained good. Read below to get the full details! We offer links at… more
Warren County Ohio Real Estate Market Snapshot December 1 2018
share
We've entered the last month of the calendar year. All the flowers have finished blooming, we've had some hard frosts and even a little snow. And with all of that comes the typical slow down in the Warren County real estate market. There is no… more
What's My Springboro Ohio Home Worth? October 2018
share
Sold by The Liz Spear Team of RE/MAX Elite in Springboro's Stone Ridge The Woods The Springboro Ohio real estate market was very solid in October, with an increase in homes sold and stable prices. It's still the slower time of the year, but… more
What's My Morrow Ohio Home Worth? October 2018
share
Take the numbers for October for Morrow Ohio home sales with a big grain of salt. With completed sales down to 13 homes in October, it is VERY easy to have significant fluctuations in sales prices. We're in the typical slower part of the year. … more
What's My Maineville/Hamilton Township Home Worth? October 2018
share
We're continuing the slower part of the sales year. It's typical to see fewer homes sold this time of year, fewer under contract and more homes available for sale as buyer demand slows a bit. What was unexpected was the shift upwards in price as… more
What's My Lebanon Ohio Home Worth? October 2018 Update
share
The Lebanon Ohio real estate market is slower than summer peak, but still a steady market for home prices and total homes under contract. This is typical for this time of year. Read below to get the full details! We offer links at the bottom of… more
What's My Mason Ohio Home Worth? October 2018
share
Mason Ohio home sales had a great month, with better than typical quantity sold and still a great number under contract. Prices are still good and time to sell is quick. Stay with us for more details for Mason homes! Is the activity affecting … more
What's My Mason Ohio Condo Worth? October 2018 Update
share
Mason Ohio's condo market continued as expected this month. It's heading into the colder months, so fewer condos are sold and fewer are under contract. Overall, inventory is still tight and condos are selling very quickly if properly presented… more
Warren County Ohio Real Estate Market Snapshot November 1 2018
share
The leaves have turned and they're falling fast! That's predictable, and so is the typical slow down in the Warren County real estate market. Inventory increases and the number of contracts slow. Still LOTS of homes to be sold though! What… more