Mason Ohio 45040 Condominium Market Report February 2014
This has been a winter for the Ohio record books, a top 5 for snow and chilly temps! So did the big chill put a deep freeze on the Mason Ohio condo market? For more details, stay with us for the whats, whys and hows! And a bonus at the end, easy to use Search For Mason Ohio Condos For Sale links!
If you're interested in the Mason single family home February market report update just click the link for their story.
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.
With Mason being named #7 on the Money Magazine Top 50 Best Small Town Places To Live list for 2013, Mason received recognition that area residents already knew was well deserved! With top notch public schools, extensive entertainment and dining options, and a premier community center combined with superb accessibility to downtown Cincinnati, Mason has become one of the most desired living areas in the region!
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 price point. So whether you want an economy condo, or the luxury version, we can help you find the right Mason condo for you!
Marival, a popular Mason condo community.
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:
Next is the Mason condo median price summary chart.
Mason Condominium Data Summary:
Condos Sold: 8 (0 Bank/Government Owned, 0 Short Sale) UP 3
Average Price: $140,569 DOWN $12k
Median Price: $127,950 DOWN $27k
Days on Market Average for SOLD: 97 UP 34
Condos Active 3/8/14: 56 DOWN 10
Condos Pending 3/8/14: 24 UP 10
Average Sales/List %: 95.3% DOWN 1.3%
Most Expensive Condo Sold: $227,000
Least Expensive Condo Sold: $82,500
So what do the stats indicate about Mason Ohio condo sales?
Just like last month, there's not much info to really work with. While 8 sales beats last month's 5 sales, it's still too low to put much faith in the pricing information. What does look REALLY good is the fact that 24 condos are now under contract. And with only 56 condos left for sale, the selection is getting VERY slim for Mason Ohio condo buyers. This month was a bit focused on bargain shopping also, with 3 of the 8 sold below $100k, and 2 above $200k.
Distressed (foreclosures and short sales) are having minimal impact, with 1 foreclosure sold out of the 8 Mason condos, and of the 56 for sale there is 1 foreclosure and 3 potential short sales.
Days on market is as expected for this time of year, a bit longer to sell during the colder months.
Negotiated sales prices are still offering some discounts, so a little wiggle room is typically built into the sales prices.
In a nutshell, Mason condo sales for February act as anticipated for this time of year. Sales are slow, but picking up steam as the season heads toward Spring.
So what does this mean to you as a Mason Ohio condo owner? The limited selection might change shift the advantage to you, but that depends on your tier of condos. There are quite a few condos in the sub $100k category, but as you head up market the selection things out. However, as you move towards the $300k range, you're competing head to head with the new construction in Beacon Hill, The Woods on Wilkens and other area new condo communities.
Prepare your condo for sale, price well and hire a team like us that knows how to market AND sell Mason condos and you can make that move you want to make. For an evaluation of your home's marketability, please contact us.
So what does this mean to you as a potential Mason condo buyer?
If you HAVE to have a Mason home, but can't afford 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). There's a price tier available for any budget, but obviously selection is limited. Use our links below to check availability for your price range.
With the limited inventory, it won't take long to determine if there's a good fit for you. One or two trips out and you're either going to have found your Mason condo to call home or know there's nothing out there that works for your needs.
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).
For new construction Mason condos, don't assume you get a price break by going directly to the builder without an agent. Your reputable builders have the cost of our services built into their price and they don't give you a discount for going unrepresented.
If you're interested in buying a Mason condo, please contact us 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
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!
Two locations: Lebanon & Mason, OH
Liz direct: 513-265-3004
Bill direct: 513-520-5305
Our Website: www.LizTour.com
OUR SERVICE AREA:
View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map