Springboro Ohio 45066 Single Family Home Residential Market Report April 2013
Has Springboro put the Spring in the local real estate market? With April over we've got the full report below!
This report covers the Springboro Community School district single family homes (so portions of surrounding townships will be included e.g. Clearcreek & Turtlecreek). This report will only cover single family homes and not include condominium data. Data is derived from the Dayton MLS only, so homes sold without Dayton MLS entry will NOT be included in this review.
The Springboro area is popular, especially with residents seeking to commute into Dayton (easy access with I75 and SR741), and even works well for those not minding a bit longer commute south to the Cincinnati area. Springboro is a good choice for couples where one works in Dayton and the other in Cincinnati.
Springboro Community Schools are among the state's best public schools. Additionally Springboro was selected #42 in U.S. in 2011 by Money magazine for Best Small Cities To Live. Area residents have known for some time Springboro is a great place to live, so nice to see the same recognition nationally!
Keep in mind that some homes may only be listed in the Cincinnati MLS and will not be included in this report. We STRONGLY recommend any Springboro resident selling their home hire a REALTOR(R) with access to BOTH Cincinnati and Dayton MLS.
The Springboro area offers a full range of price points, and features an older historic area, developments of older homes, new subdivisions and rural options. There are also golf course communities, luxury home communities, patio home communities....basically there's something for every home buyer's taste and budget.
So, on to the data!
First up is the number of Springboro single family homes sold on a month by month basis for 2010, 2011, 2012 and 2013:
Next is the Springboro median price summary chart.
Springboro Single Family Home Summary:
Homes Sold: 49 (4 Bank/Government Owned, 0 Short Sale) UP 6
Average Price: $225,158 DOWN
Median Price: $221,570 DOWN
Days on Market Average: 106 DOWN 34
Homes Active 5/8/13: 222 UP 33
Homes Pending 5/8/13: 63 UP 2
Average Sales/List %: 97.8% UP 1.1%
Most Expensive Home Sold: $485,000
Least Expensive Home Sold: $20,000
So what does this all mean? Springboro has definitely got Spring in its step!! The volume is tied for 2nd most in recent years. The average and median price moves down were slight, and to be expected with the $20,000 low end sale and a couple of other foreclosures below $100k. The average sales/list % is the best we've seen in any Warren County area recently and demonstrates sellers are pricing right and buyers WANT the good homes!
So what does this mean to you as a Springboro single family home owner? With 222 homes on the market not under contract, you do have competition. But things are MUCH better with regards to pricing and how long a move in ready home will be on the market. The entire process has shrunk by months! And that sale/list % is phenomenal! While we're not seeing massive bidding wars and sales above list, final prices are still great! Hire a REALTOR(R) with the marketing ability to get maximum exposure for your home and you may be able to shorten that time to sell. Luxury home sales are still slower than the remainder of the Springboro single family home market so expect additional time to sell in this category.
For an evaluation of your home's marketability, please contact us. And of course your personal circumstances will have impact of the right decision. We'll give you our best advice, whether to start now, or hold off until next year.
So what does this mean to you as a potential Springboro home buyer? We're going to provide the same advice as last month: Springboro is a stable/hot market and you're competing with other buyers for some solid reasons: great schools, great location, great community. There are quite a few newer homes for sale in communities such as Settlers Walk, and some older subdivisions provide the lower end of the shopping price point. If you find a home you love, ACT immediately or some other buyer may take it first. Want to search Springboro Homes For Sale? Use these Cincinnati MLS links for a partial snapshot. For a COMPLETE overview of both Cincinnati and Dayton MLS homes, contact us and we'll provide a full list for your convenience.
Search Springboro Ohio 45066 Homes For Sale Under $200,000
When you're interested in buying a Springboro home, please contact us with your needs and we'll help you find the right Springboro community for you! Why not take advantage of the extremely low interest rates and get your Springboro home before prices climb higher?
Serving Springboro'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:
View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map