GREATER CINCINNATI REAL ESTATE MARKET REPORT
Want to know what happened during the August 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 August 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 August there were 1154 homes that sold during the month for Hamilton County and 290 homes that sold in Clermont County. Homes that went pending in August were 833 for Hamilton and 253 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 $273,363.00 with an average selling price of $181,193.00.
- Hamilton County homes during the August time frame were on the market (Days on Market) for an average of 70 days.
- There are currently 2,911 homes available for sale in Hamilton County.
- The average listing price for homes in the Clermont County area was $237,280.00 with an average selling price of $181,193.00.
- Clermont County homes during the August time frame were on the market (Days on Market) for an average of 62 days.
- There are currently 697 homes available for sale in Clermont County.
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Northern Kentucky Real Estate Market Report
Want to know what happened during the August 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 August 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 August there were 222 homes that sold during the month for Boone County, 122 for Campbell County and 224 homes that sold for Kenton County. Homes that went pending in August were 95 for Boone, 72 for Campbell County and 135 for Kenton.
- The average listing price for homes in the Boone County area was $259,133.00 with an average selling price of $211,812.00.
- Boone County homes during the August time frame were on the market (Days on Market) for an average of 77 days.
- There are currently 553 homes available for sale in Boone County.
- The average listing price for homes in the Campbell County area was $224,262.00 with an average selling price of $169,393.00.
- Campbell County homes during the August time frame were on the market (Days on Market) for an average of 107 days.
- There are currently 356 homes available for sale in Campbell County.
- The average listing price for homes in the Kenton County area was $233,548.00 with an average selling price of $198,185.00.
- Kenton County homes during the August time frame were on the market (Days on Market) for an average of 81 days.
- There are currently...
Should I Buy A Condominium Or A House?
No matter what stage of the home buying life cycle you are in (first time homebuyer, empty nester looking to downsize, retiree home, etc.) you may have wondered whether a condominium is right for you as compared to a traditional house. A condominium and a house both accomplish the same things in that they give you a place to live and call your own but there is more to a condominium that just a place to live. Many condominiums offer different features of ownership as compared to a traditional house and those differences are discussed below.
What Are Condominiums?
Condominiums or condo for short are a type of residence where the homeowner usually owns the interior spaces of the building and the exterior and other common areas are owned by the condo association as a whole. A condo association usually consists of elected members from the condo community who are responsible for arranging the maintenance of the common areas, enforcement of condo association rules, and budgeting and managing condo association dues. Most condo owners are required to pay monthly condo association fees which are used to maintain the common areas of the condo community and pay for other fees associated with condo management.
Condos are usually apartment like in nature in that there will be shared walls, shared driveways, and parking areas. Generally the condo owner owns and controls everything to their unit’s wall and inside whereas everything outside of the wall boundary is overseen by the condo association. There are...
Tips For Millennial First Time Home Buyers
Buying a home may seem like a daunting task with many extra expenses involved and plenty of other hurdles to overcome. In reality buying a home has never been cheaper due to low interest rates and never been easier with access to everything you need to buy a home via the internet. As a Millennial First Time Home Buyer there are many programs and opportunities to help you get into a home and get away from renting.
Saving Up For A Down Payment
Saving up for a down payment is something that can easily be done once you have an idea of how much home you can afford after getting a pre-approval statement a mortgage lender. The key for saving up enough money for your down payment is to do it well ahead of the actual home purchase and make your savings plan an automatic plan that fits into your budget. Yes you must budget, set aside money to save for your down payment which can run anywhere from 3.5% of your home purchase price and up plus closing costs.
If your employer offers it having a portion of your paycheck get directly deposited into a separate savings account is a good way to start saving your down payment. If you don’t have that option then some saving accounts offer the ability to automatically withdraw money from an account, so you can withdraw money from your main account on a regular basis into a savings account so that money is separate from your main spending money. The idea is to setup a regular savings program so money moves automatically and is kept separately in a different account so there is less temptation to use the money.
Safety Tips For When Your Home Is On Sale
While the process of selling your home is not necessarily an unsafe one that does not mean you shouldn’t be taking safety tips to protect your loved ones and personal belongings. Some of these tips have dual purposes too in that not only do they help increase you safety during the time your home is on sale but also serve a purpose in making your home more appealing to buyers. By following these tips you can better protect yourself and ensure a smooth home sale process.
Put Away Your Collectibles and Valuables
This is one of those areas as noted above where putting away your collectibles and valuables means more safety and security for you and improves the look of your home for buyers. Your valuables and collectibles need to be put away to keep them out of sight from envious eyes who might think they look better with them than with you. Maybe most of the buyers in your area are honest and will leave your valuables alone but that does not mean their kid’s might not think your classic model car collection does not look fun to play with. Anything valuable or pricey needs to be put away, preferably stored outside of the house where it is not seen.
Part of the putting away of collectibles relates to the decluttering step that is recommended for homes being put up for sale. In addition to there being a lower chance of theft when the valuables are put away the space looks more open with fewer things in the home. Buyers need to imagine...
Fall Home Selling Tips
While springtime in the Greater Cincinnati, Ohio and Northern Kentucky represents the peak time for home sales and purchases the second most active time for buying or selling a home is in the Fall. There are some different considerations to take into account when selling your home in the Fall in terms of home preparation and curb appeal. The most important fact to understand is through proper home preparation, regardless of the season, you can maximize the amount of buyer traffic you get and help increase the price you can get when selling your home.
Fall Time Curb Appeal
Curb appeal is something that should not be neglected during any season. Curb appeal is what draws buyers in when they drive by a home and usually the first picture they see of a home on the Internet is one of the front of the house. Therefore getting your curb appeal correct is critical to help your home standout amongst the other homes listed for sale.
While the weather is still cooperative keeping your grass properly mowed and edged helps keep a nice groomed look to your home. Watering your lawn so it greens up or remains green is also an important thing to do since dry or dead patches of lawn tell a story of homeowners who did not care to work on the outside of the home so the inside may also have some problems as well. If you do have dry/dead patches of lawn get some quick grow grass seed repair kits that cover up those dead spots by allowing new grass to come in quickly.
Another important tip is to make sure to keep the falling leaves cleaned up. Whether you have leaves on the ground or leaves collecting...
How To Sell A Home With Kids
Selling a house is challenging in and of itself, but when you add to that young kids who live in the house your challenge level goes up. Not only do you have to depersonalize and declutter your home you also have to take into account your children still want to play with their toys and may not be that eager to help you clean up for a late notice showing appointment. Rest assured you can still get your home ready for sale and keep it ready for showings with the following great tips.
Explaining The Home Sale Process To Your Kids
One key aspect to selling your home with kids is explaining to your kids the fact that you are selling your home and the reason for selling your home. While this is also age dependent the level of explanation may be a simple one of we need to sell our home to move for a job, to get a bigger house, to get some other features in a home not currently present in the home you live in or something else. Older children may need a little better explanation as to the reason why a larger home is needed like due to a growing family we need more room for you and your friends to be able to hangout or due to a better job opportunity the family is moving to a new area to start a new adventure.
Kids need assurances that too many changes are not happening at once or these changes are not that great. If the move is local kids knowing that they will still be close to their friends and in the same school can help them feel more at ease about the transition. Where the move is a greater distance, then explaining to children the reason for the move can help children them to understand what is going on and the family...