Maineville/Hamilton Twp Ohio 45039 Single Family Home Market Report May 2013
The Berry Festival is coming. It's the juicy time of the Maineville/Hamilton Township real estate market where buyers are out in full force. How did the Maineville/Hamilton Township Ohio single family home residential market perform for May? Stick with us for the full report! And we're including some Search for Maineville/Hamilton Township Homes For Sale links at the end for your home search convenience.
We're covering zip code 45039 only, which also includes homes in parts of Landen and Deerfield Township, although at low levels. That also means any Hamilton Township homes in other zip codes are NOT covered in this report. The majority of 45039 is covered by Little Miami Schools, although portions are in Kings Local. Obviously zip code 45039 is NOT uniform so we're not always comparing apples to apples in this report. This report is informational and for the best advice for you as an area home buyer or seller, please contact us for a specific review of your needs.
All data is derived from the Cincinnati MLS system. If any Maineville/Hamilton Township homes traded hands without a REALTOR® involved, then it won't be reflected in this report. All data is for the 45039 zip code only.
The 45039 zip code offers a diversity of living choices, with a focus on affordable housing. Much of the zip code is easily reached by taking the SR48, Western Row or Kings Mills exits off of I71. Depending on traffic you can be in the heart of Maineville within 5-10 minutes from the SR48 exit. Along the way you'll pass a Lowe's, Target, Kohls, Kroger and a collection of strip malls with a selection of dining choices.
With regards to housing choices, there are numerous developments, with the majority focused at the $200k price point with many starter type homes available well below that. If your preference is more space, the area also offers that option with either luxury home communities or more rural opportunities. Additionally, one of the area's few 55+ communities makes its home here.
Turning Leaf, a sample Hamilton Township community
Maineville is home to the annual Berry Festival, a recently established area festival that is quickly gaining popularity.
So, on to the review!
First up is the number of Maineville/Hamilton Township area single family homes sold on a month by month basis for 2010, 2011, 2012 and now 2013:
Next is the Maineville/Hamilton Township median price summary chart.
Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:
Homes Sold: 49 (2 Bank/Government Owned, 5 Short Sale) UP 16
Average Price: $200,490 DOWN
Median Price: $180,000 SAME (really, to the $!)
Days on Market Average: 95 UP 17
Homes Active 6/6/13: 141 DOWN 8
Homes Pending 6/6/13: 87 UP 14
Average Sales/List %: 96.2% UP .3%
Most Expensive Home Sold: $577,500
Least Expensive Home Sold: $94,410
So what can we determine from the latest statistics?
"Wow!" is the one word summary! 49 Sold is the highest month in the recent years (we had one of those, a Turning Leaf home). Don't read too much into the average price drop, that's mostly a function of how many higher end homes sell. The median price holding steady at $180k is more representative of the area sales. Days on market up a bit, but that may be a reflection of those 5 short sales being completed. Short sales typically take longer to complete than other sales. Overall inventory is tightening, with fewer on the market and more under contract. And the average sales/list % is one of the best in the market. Closer to 95% is more typical.
Overall, the Maineville/Hamilton Township single family home market is gaining serious momentum in a positive direction.
So what does this mean to you as a Maineville/Hamilton Township single family home owner? The signs are better and better that it's time to sell your Maineville/Hamilton Township homes. More buyers are looking and making the purchase. Prices are good, although depending on your purchase year/amount, you may still not be in a net positive situation. We can help you assess your personal circumstances to determine if now is indeed the right time for you to sell your home. Inventory continues to be fairly low so competition isn't enormous.
Despite the positive market indications, you still need PATIENCE unless you can aggressively price to jump in front of your competition. Regardless, expect buyers to go lower with their offer. A strong marketing presence is still critical (and we can provide that for you). If either element is missing, the home will take much longer to sell, or will not sell at all. For an evaluation of your specific home's marketability, please contact us.
So what does this mean to you as a potential Maineville/Hamilton Township home buyer?
49 closed and 87 under contract tells you the area has gained popularity and you can't assume you're the only one interested in a particular home. Act fast once you know you've found the right home! Sometimes a day, or even a few hours is the difference between completing a sale and being the back up offer.
Maineville/Hamilton Township still continues to be a VERY affordable place to buy a home. Waiting too long means you'll miss the best bargains. A good portion of the housing is newer (less than 20 years old) and in subdivisions, most often pool communities. Additionally, new construction is available and having an influence.
Based on List/Sold price ratios, obviously there is a little room to negotiate on most homes, but don't assume offering really low is going to get the deal done. When you're considering buying a Maineville/Hamilton Township area home, please contact us with your needs and we'll help you find the right community for you!
To Search Maineville/Hamilton Township 45039 homes for sale, please use the links below.
Search Maineville/Hamilton Township 45039 Homes for Sale $400,000 and Up
Serving Warren County's home 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:
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