Spring is slowly starting, although we keep getting the occasional snow shower! There are more homes on the market than recent months, so that's good for area home buyers. A significant portion of the market is still new construction, but don't look for cheap homes with the builders, as new is almost always at least $400,000! Stay with us for more details for Mason homes!
Is the activity affecting your Mason Ohio home's worth? Stay with us for all the details and even Search Mason Ohio Homes For Sale links at the end!
We'll cover Mason condos in our Mason Ohio 45040 Condo Market Report March 2018.
All data is derived from the Cincinnati MLS system and involves only Mason homes sold with REALTOR® involvement and entered in MLS. All data is for the Mason School District area, so is not limited solely to Mason city limits.
Long Cove, home to many of Mason's luxury homes
So, on to the data!
First up is the number of Mason single family homes sold on a month by month basis for 2010 through present:
Next is the Mason median price summary chart.
Mason Single Family Home Category Data Summary:
Homes Sold: 40 (0 Bank/Government Owned, 0 Short Sale, 7 New Construction) UP 9
Average Price: $385,267 UP $19k
Median Price: $352,500 DOWN $10.5k
Days on Market Average: 85 UP 8 (median time 22 days)
Homes Active 4/8/18: 190 UP 31
Homes Pending 4/8/18: 90 UP 14
Average Sales/List %: 96.3% DOWN 1.7%
Most Expensive Home Sold: $921,500
Least Expensive Home Sold: $93,500
What are the key takeaways this month?
- Overall a fairly typical March for total sales. The Mason market was actually a bit on the slow side. Inventory built up some and the time so sell slowed a bit. Partly it's a mix thing, the houses most in demand are still in short supply. But if you want to spend MAJOR dollars, there are plenty of luxury homes to choose from.
- Homes under contract increased, another sign that the Spring market is coming.
- Nine homes sold for more than $500,000.
- Time to sell increased but half the homes sold were still under contract in about 3 weeks.
New construction communities are staying busy with Roberts Park, Hudson Hills and Ambleside Meadows moving quickly. Need help buying any new construction homes, just give us a call at 513-520-5305. We work for you and NOT the seller and the good news is it doesn't cost extra for us to work for you (and you don't get a price break for going solo).
- 48 of the 190 listed homes not under contract are new construction.
- Distressed properties (foreclosures and short sales) remain scarce in Mason! None of the 40 homes sold were distressed, and only 1 of the 190 not under contract is distressed.
So what does this mean to you as a Mason single family home owner?
It depends on your price point. The affordable homes will still move quickly. The more expensive homes are competing with new construction so you have to make the deal appealing enough for buyers to skip building new to order. We are coming into the busier time of the year for home sales, so get ready now and beat the competition to the market.
Keep in mind, buyers still aren't keen on homes that show their age or feature decor from 20+ years ago, so the more update to date and the more compelling your asking price, the more likely buyers will flock to your door.
For an evaluation of your home's marketability and worth, please contact us 513-520-5305 or Liz@LizSpear.com.
So what does this mean to you as a potential Mason home buyer?
No change here. The best homes move quickly. Even with the increase in homes for sale, there are some segments of the market lacking choice. Of the homes on the market, some have notable problems (busy roads, etc.) that will make them unsuitable for most buyers. Move fast and bid strong or expect to lose out on the best homes. A weak offer may mean you're going to keep looking even longer. We highly recommend do NOT wait to write that offer or you may lose the chance to own that home.
The longer you wait to purchase a Mason home the more likely it's going to cost you more to buy later. When you're interested in buying a Mason home, please contact us at 513-520-5305 with your needs and we'll help you find the right Mason community for you!
And get yourself a dedicated buyer's agent, whether for resale OR new construction!! The listing agent works for the seller, and when you hire us we work for YOU. We have incentive to get you the best possible price!
Serving Mason's home buyers and sellers,
Liz and Bill aka BLiz
Recent Mason Market Reports:
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!
Two locations: Lebanon & Mason, OH
Bill Direct: 513-520-5305
Liz Direct: 513-265-3004
Search Homes: Http://WarrenCountyOhioRealEstate.com
Our Website: www.LizTour.com
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