NORTHERN KENTUCKY REAL ESTATE MARKET REPORT
Want to know what happened during the September 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 September 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 September there were 201 homes that sold during the month for Boone County, 129 for Campbell County and 231 homes that sold for Kenton County. Homes that went pending in September were 99 for Boone, 56 for Campbell County and 124 for Kenton.
- The average listing price for homes in the Boone County area was $251,788.00 with an average selling price of $188,590.00.
- Boone County homes during the September time frame were on the market (Days on Market) for an average of 80 days.
- There are currently 550 homes available for sale in Boone County.
- The average listing price for homes in the Campbell County area was $221,490.00 with an average selling price of $183,573.00.
- Campbell County homes during the September time frame were on the market (Days on Market) for an average of 107 days.
- There are currently 357 homes available for sale in Campbell County.
- The average listing price for homes in the Kenton County area was $226,059.00 with an average selling price of $165,862.00.
- Kenton County homes during the September time frame were on the market (Days on Market) for an average of 86 days.
GREATER CINCINNATI REAL ESTATE MARKET REPORT
Want to know what happened during the September 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 September 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 September there were 1032 homes that sold during the month for Hamilton County and 303 homes that sold in Clermont County. Homes that went pending in September were 506 for Hamilton and 139 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 $274,769.00 with an average selling price of $196,244.00.
- Hamilton County homes during the September time frame were on the market (Days on Market) for an average of 75 days.
- There are currently 2,796 homes available for sale in Hamilton County.
- The average listing price for homes in the Clermont County area was $241,303.00 with an average selling price of $185,396.00.
- Clermont County homes during the September time frame were on the market (Days on Market) for an average of 69 days.
- There are currently 678 homes available for sale in Clermont County.
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Fall And Winter Energy Saving Tips
As the seasons start to change from the warmer months of summer to the cooler months of Fall and Winter you may notice that your energy bill after dipping for a brief month or two is now increasing again. While some of the increase is due to the fact that it is colder and therefore your heater is now being cycled on every time the thermostat gets below a certain temperature, some of the increase in your heating bill can be as a result of inefficiencies in your heating system and in inefficiencies with your house. By addressing the sources of the inefficiencies in your home and heating system, you can ensure your home stays warmer and save some money at the same time from a lower energy bill.
Central Heating System
The furnace used to heat your home is a large consumer of energy. If you have an old, worn down, poorly maintained furnace then on cold days it will have a hard time putting out enough heat to warm your home. Proper maintenance including regular service calls/tune-ups and regular filter changes can help your furnace run more efficiently which results in saving on your energy bill since the furnace does not have to work as hard.
If you are able to, upgrading to a new furnace can result in great cost savings on your energy bill. New furnace systems whether they be hybrid electric and gas, all gas, hybrid heat pump or some other system are designed to produce the most amount of heat with the least amount of energy as possible. While...
Should I Buy Or Rent A Home?
The fact of the matter is everyone needs a place to stay and call home, whether you should rent a home or buy a home depends on a number of different factors. For those who plan to be in one location for some time and will not be changing jobs that involve long distance moves, they may be better off with buying a home. On the other hand someone who is only staying in an area for a short while, home ownership may not make sense for them. This article explores in depth the decision to buy or rent a home and the advantages each has.
Advantages Of Buying A Home
Buying a home provides many advantages that are not available to renters. One of the biggest advantages you get from owning a home is the ability to deduct your property taxes and mortgage interest on your tax returns which could result in great savings on your yearly tax bills. In the case of a rental home the owner of that home gets the advantage of deducting the tax bills and mortgage interest on their tax bill, you as the renter do not get to deduct your rental payments on your tax bill.
As a homeowner you are able to decorate, remodel and adjust your home as need be with the only exception of complying with local zoning and building laws. This means if you want to add a bathroom to your home you can do so and the only permission you will need are building department permission (depends on your local rules and regulations) and possibly from your lender if you intend to borrow money to do the addition. As a result of making the addition your home may also realize...
5 Things To Do To Ensure Home Buying Success
Buying a home is a process that takes time and effort and that if done right ensures many years of happiness and worry free living. When you try to purchase a home without following the correct steps you set yourself up for a frustrating experience. Additionally if you ignore some of the tried and tested home buying advice you might be stuck in a home you hate or worse in one that ends up costing you more money in order to make the house work for your or just to keep it habitable. By following the tips listed below you can ensure a home shopping process that is less stressful, that you find a house you love, and it is a house that will last you as long as you want to live there.
Tip #1. Work On Improving Your Credit
If you don’t already have excellent credit then you should work on improving your credit prior to buying a home. The earlier you can improve your credit score prior to buying a home the better mortgage options and interest rates there will be available for you. The best ways to improve your credit score include paying down debts (especially short term credits cards, consumer loans, etc.) and to make sure all debts at least receive the minimum payments and that those payments are made on time. Any late payments on debts, even you pay off the debt in full, will knock your credit score down.
Another recommendation is to not close any credit card accounts until after you purchase your home. The credit scoring agencies look at your overall credit usage and by closing...
Real Estate Scams To Watch Out For
Anytime you find an activity with money involved you are sure to find scam artists who are more than ready to part you with your hard earned money. Real estate is no different and there are many scams that individuals with less than honest intentions will try. By being aware of these common real estate scams you can make sure you do not become a victim yourself and if something does seem too good to be true have an idea of where you can dig for more information.
Real Estate Scams That Target Renters
This particular scam targets both home sellers and people looking for a place to rent. The scam artist in this scam will take pictures of a home for sale from a real estate website and then post those pictures on rental sites hoping to draw in potential renters. Part of the scam also involves not actually getting you into the rental home by saying it is occupied so only pictures will be used. Even if you are allowed into the rental home you still need to be careful as there are some rental companies that let anyone in through a home unattended so long as they provide some identification and a credit card. The scammers can get in using stolen identities or using your own information you gave them on an application.
Usually but not always the rental amount they advertise the place at seems too good to be true. For example you might see a rental advertisement showing a nice home for rent for only $700.00 where ...