NORTHERN KENTUCKY REAL ESTATE MARKET REPORT
Want to know what happened during the October 2016 Northern Kentucky Real Estate Market sales period? You have come to the right place. Read on to get the latest statistics and information in the October 2016 Northern Kentucky Real Estate Report. Home inventory is still low around the Greater Cincinnati area compared to a year ago.
NORTHERN KENTUCKY - BOONE, CAMPBELL & KENTON COUNTIES
In October there were 198 homes that sold during the month for Boone County, 118 for Campbell County and 244 homes that sold for Kenton County. Homes that went pending in October were 77 for Boone, 71 for Campbell County and 114 for Kenton.
- The average listing price for homes in the Boone County area was $211,897.00 with an average selling price of $195,138.00.
- Boone County homes during the October time frame were on the market (Days on Market) for an average of 84 days.
- There are currently 510 homes available for sale in Boone County.
- The average listing price for homes in the Campbell County area was $271,313.00 with an average selling price of $165,803.00.
- Campbell County homes during the October time frame were on the market (Days on Market) for an average of 111 days.
- There are currently 339 homes available for sale in Campbell County.
- The average listing price for homes in the Kenton County area was $218,292.00 with an average selling price of $156,348.00.
- Kenton County homes during the October time frame were on the market (Days on Market) for an average of 93 days.
- There are currently 650 homes available...
GREATER CINCINNATI REAL ESTATE MARKET REPORT
Want to know what happened during the October 2016 Cincinnati Real Estate Market and Northern Kentucky Real Estate Market sales period? You have come to the right place. Read on to get the latest statistics and information in the October 2016 Greater Cincinnati Real Estate Report. Home inventory is still low around the Greater Cincinnati area compared to a year ago and sales are also up.
CINCINNATI, OHIO - HAMILTON AND CLERMONT COUNTIES
In October there were 941 homes that sold during the month for Hamilton County and 283 homes that sold in Clermont County. Homes that went pending in October were 480 for Hamilton and 140 for Clermont County. Pending status means they had an offer accepted and were awaiting closing pending inspections, appraisals, financing etc.
- The average listing price for homes in the Hamilton County area was $275,727.00 with an average selling price of $193,842.00.
- Hamilton County homes during the October time frame were on the market (Days on Market) for an average of 82 days.
- There are currently 2,566 homes available for sale in Hamilton County.
- The average listing price for homes in the Clermont County area was $244,137.00 with an average selling price of $196,547.00.
- Clermont County homes during the October time frame were on the market (Days on Market) for an average of 76 days.
- There are currently 617 homes available for sale in Clermont County.
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Winterization Tips For Your Home
Your home is a long term investment and in order to protect the investment you must make sure your home is ready for all the different seasons. The winter season can be harsh on your home since the freeze thaw cycle is especially tough on the house structure and components. By following the below tips and properly winterizing your home you can help protect your investment in your home and ensure it will last you for a long time.
Check Windows and Doors
Windows and doors are one of the biggest sources of entry for cold air during the winter time. Not only should you be checking for gaps in and around windows and doors to save energy you should be looking at the exterior components as well. Any rotted wood or damaged components for windows and doors should be replaced immediately to prevent water from entering into the home where it can cause further damage through freezing or through causing mold. If the weather prevents you from repairing the windows and doorways then at least try to cover up and seal as best as possible those areas to prevent water and ice from creeping in. You will have to monitor those areas on a regular basis until a full repair can be done.
The caulking in and around windows and doors can wear out over time due to weather or insect causes. Caulk seals up gaps that could normally allow water to seep into a home. If that water freezes the chance of greater damage happing increases. Many caulks need to be applied in temperatures above 40 degrees otherwise they do not set or cure properly. If you need to refill...
How Do The Holidays affect My Home Sale?
As an Anderson Township, Ohio Realtor I get asked many times what is the best time of the year to sell a home? Many homeowners believe that since it is Fall and Winter and especially getting close to the big holidays like Thanksgiving, Hanukah, Kwanza and Christmas it is better to wait and not have one’s home listed for sale since there are fewer buyers ready to buy a home. While it is true there are fewer buyers looking to buy a home during the holiday season that does not mean all home sales come to a standstill and nothing gets sold. In fact many homes do sell and close during this time of year and if you are serious about selling your home, any time of the year is a good time to put your home on the market for sale.
The Types Of Sellers Looking For A Home During The Holiday Season
Parents with school age children are a smaller percentage of those looking for a home during the holiday season but that does not mean they are not shopping at all. For those parents who have sudden job moves or need to move to be closer to relatives for whatever reason they need to find a home now. There are those parents too who can afford to buy a home they like now and move into it when they are ready come springtime.
Other buyer categories include married couples without children, empty nesters looking to downsize or right size as well as unmarried individuals looking to settle down and have a place to call their own. ...
Dealing With Multiple Offers On A Home For Sale
In an active real estate market when a home is properly prepared and priced right the chances of a buyer or seller facing the situation of multiple offers on a home is increased. By handling a multiple offer situation properly both home buyers and sellers can ensure success on their part. When handled incorrectly multiple offers can cause some buyers to waste money during the purchase process and lead some sellers to think their house can be priced much higher than it currently is and reject good offers in hopes for more money.
How To Deal With Multiple Offers As A Home Seller
While it may be a great feeling to have your home in a multiple offer situation you need to make sure it is handled properly otherwise you could end up scaring buyers away. A multiple offer situation is a chance to get a little more money for your home and possibly get some better conditions when it comes to the offer contingencies. Sellers should definitely not get greedy when it comes to multiple offers as that could cause buyers to look elsewhere. Demanding much higher offer prices or removal of contingencies (inspection, appraisal, financing) is going overboard and will send up red flags with buyers. Not only that if the price is too high to meet the appraisal price then you could look at having to renegotiate the price or having the buyer walk away under the appraisal contingency clause.
Ideally if a buyer offers to buy your home at the same or better price and waive certain contingencies like home inspection that offer may be better...