Cincinnati Neighborhood Market Data — No comments
23
Apr 12

Kennedy Heights, Cincinnati, Ohio 45213, Hamilton County

Property Value Trend

MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Kennedy Heights from 4/18/2011 to 4/18/2012 were $67,987 and $50,000 respectively.

This is a decline of 18.84% from the average and 23.08% from the median sale prices of $83,767 and $65,000 from 4/18/2010 to 4/18/2011.

Inventory / Marketing Time

As of 4/18/2012 there have been 50 sales in the last 12 months, indicating an absorption rate of 4.17 per month over the year.

There are currently 25 active listings, which represents an 6.0 month supply at last years average absorption rate. The trend is judged to be in *balance.

Demand / Supply

There are 6 pending sales which is a **healthy ratio of 4.2:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

Investors wanting to buy homes at or near the bottom of the market (before prices start increasing), should watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

Kennedy Heights Single Family Housing Profile

***Typical single family homes range in age from 3 to 162 years.

****Predominant age range is 55 to 90 years old.

***Typical single family homes range in sale price from $11,000 to $220,000.

****Predominant sale price range in the last year was $24,000 to $100,000.


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Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

*A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

**A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

****Predominant is defined here as greater than 50 percent of house ages or sale prices.

Related Blogs

    Cincinnati Neighborhood Market Data — No comments
    24
    Mar 12

    Northside, Cincinnati, Ohio 45223, Hamilton County

    Property Value Trend

    MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Northside from 3/20/2011 to 3/20/2012 were $79,176 and $72,000 respectively.

    This is an increase of 3.31% from the average and 53.19% from the median sale prices of $76,637 and $47,000 from 3/20/2010 to 3/20/2011.

    Inventory / Marketing Time

    As of 3/20/2012 there have been 86 sales in the last 12 months, indicating an absorption rate of 7.17 per month over the year.

    There are currently 41 active listings, which represents a 5.7 month supply at last years average absorption rate. The trend is judged to be in *balance.

    Demand / Supply

    There are 15 pending sales which is a **strong ratio of 2.73:1 listings to pending sales, indicating that the current market is more robust than the average over the last year.

    Investors wanting to buy homes in neighborhoods with increasing values, should track price trends and watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

    Northside Single Family Housing Profile

    ***Typical single family homes range in age from new to 178 years.

    ****Predominant age range is 80 to 130 years old.

    ***Typical single family homes range in sale price from $6,000 to $214,500.

    ****Predominant sale price range in the last year was $20,000 to $127,000.


    View Larger Map

    Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

    Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

    For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

    *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

    **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

    ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

    ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

    Related Blogs

      Cincinnati Neighborhood Market Data — No comments
      19
      Feb 12

      Loveland, Ohio 45140, Clermont County

      Property Value Trend

      MLS statistics indicate that the average and median sale prices for single family homes in the Clermont County portion of the Greater Cincinnati suburb of Loveland from 2/10/2011 to 2/10/2012 were $309,790 and $349,000 respectively.

      This is an increase of 18.59% from the average and 42.45% from the median sale prices of $261,226 and $245,000 from 2/10/2010 to 2/10/2011.

      Inventory / Marketing Time

      As of 2/10/2012 there have been 29 sales in the last 12 months, indicating an absorption rate of 2.42 per month over the year.

      There are currently 15 active listings, which represents a 6.2 month supply at last years average absorption rate. The trend is judged to be a slight *over supply.

      Demand / Supply

      There are 4 pending sales which is a **healthy ratio of 3.75:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

      Investors wanting to buy homes in neighborhoods with increasing values, should track price trends and watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

      Loveland (Clermont County) Single Family Housing Profile

      ***Typical single family homes range in age from new to 212 years.

      ****Predominant age range is 5 to 65 years old.

      ***Typical single family homes range in sale price from $64,000 to $600,000.

      ****Predominant sale price range in the last year was $120,000 to $465,000.


      View Larger Map

      Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

      Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

      For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

      *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

      **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

      ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

      ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

      Related Blogs

        Cincinnati Neighborhood Market Data — No comments
        31
        Jan 12

        Mount Healthy, Cincinnati, Ohio 45231, Hamilton County

        Property Value Trend

        MLS statistics indicate that the average and median sale prices for single family homes in the Greater Cincinnati suburb of Mount Healthy from 1/27/2011 to 1/27/2012 were $48,941 and $44,100 respectively.

        This is a decline of 22.17% from the average and 25.25% from the median sale prices of $62,881 and $59,000 from 1/27/2010 to 1/27/2011.

        Inventory / Marketing Time

        As of 1/27/2012 there have been 39 sales in the last 12 months, indicating an absorption rate of 3.25 per month over the year.

        There are currently 28 active listings, which represents an 8.62 month supply at last years average absorption rate. The trend is judged to be an *over supply.

        Demand / Supply

        There are 6 pending sales which is a **healthy ratio of 4.7:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

        Investors wanting to buy homes at or near the bottom of the market (before prices start increasing), should watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

        Mount Healthy Single Family Housing Profile

        ***Typical single family homes range in age from 24 to 147 years.

        ****Predominant age range is 55 to 90 years old.

        ***Typical single family homes range in sale price from $12,000 to $130,000.

        ****Predominant sale price range in the last year was $25,000 to $70,000.


        View Larger Map

        Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

        Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

        For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

        *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

        **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

        ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

        ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

        Related Blogs

          Cincinnati Neighborhood Market Data — No comments
          31
          Dec 11

          Liberty Township, Ohio 45011 & 45044, Butler County

          Property Value Trend

          MLS statistics indicate that the average and median sale prices for single family homes in the Greater Cincinnati suburb of Liberty Township from 12/20/2010 to 12/20/2011 were $227,938 and $215,000 respectively.

          This is a decline of 6.92% from the average and 4.44% from the median sale prices of $244,892 and $225,000 from 12/20/2009 to 12/20/2010.

          Inventory / Marketing Time

          As of 12/20/2011 there have been 383 sales in the last 12 months, indicating an absorption rate of 31.92 per month over the year.

          There are currently 264 active listings, which represents an 8.27 month supply at last years average absorption rate. The trend is judged to be an *over supply.

          Demand / Supply

          There are 46 pending sales which is a **soft ratio of 5.7:1 listings to pending sales, indicating that the current market’s pace has slowed compared to the average over the last year.

          Investors wanting to buy homes at or near the bottom of the market (before prices start increasing), should watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

          Liberty Township Single Family Housing Profile

          ***Typical single family homes range in age from new to 211 years.

          ****Predominant age range is 5 to 20 years old.

          ***Typical single family homes range in sale price from $60,000 to $650,000.

          ****Predominant sale price range in the last year was $170,000 to $260,000.


          View Larger Map

          Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

          Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

          For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

          *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

          **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

          ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

          ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

          Related Blogs

            Cincinnati Neighborhood Market Data — No comments
            27
            Dec 11

            Rossmoyne, Sycamore Township, Ohio 45236 & 45242, Hamilton County

            Property Value Trend

            MLS statistics indicate that the average and median sale prices for single family homes in the Rossmoyne neighborhood of the Greater Cincinnati suburb of Sycamore Township from 12/13/2010 to 12/13/2011 were $76,600 and $76,000 respectively.

            This is a decline of 17.46% from the average and 29.63% from the median sale prices of $92,805 and $108,000 from 12/13/2009 to 12/13/2010.

            Inventory / Marketing Time

            As of 12/13/2011 there have been 27 sales in the last 12 months, indicating an absorption rate of 2.25 per month over the year.

            There are currently 18 active listings, which represents an 8 month supply at last years average absorption rate. The trend is judged to be an *over supply.

            Demand / Supply

            There are 2 pending sales which is a **healthy ratio of 3.1:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

            Investors wanting to buy homes at or near the bottom of the market (before prices start increasing), should watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

            Rossmoyne/Sycamore Twp. Single Family Housing Profile

            ***Typical single family homes range in age from 4 to 146 years.

            ****Predominant age range is 45 to 75 years old.

            ***Typical single family homes range in sale price from $27,000 to $125,000.

            ****Predominant sale price range in the last year was $52,000 to $110,000.


            View Larger Map

            Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

            Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

            For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

            *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

            **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

            ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

            ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

            Related Blogs

              Cincinnati Neighborhood Market Data — No comments
              30
              Nov 11

              Goshen Township, Loveland, Ohio 45140 & Goshen, Ohio 45122, Clermont County

              Property Value Trend

              MLS statistics indicate that the average and median sale prices for single family homes in the Loveland School District portion of the Greater Cincinnati suburb of Goshen Township from 11/15/2010 to 11/15/2011 were $340,209 and $341,000 respectively.

              This is a decline of 2.54% from the average and 1.52% from the median sale prices of $349,090 and $346,250 from 11/15/2009 to 11/15/2010.

              Inventory / Marketing Time

              As of 11/15/2011 there have been 11 sales in the last 12 months, indicating an absorption rate of 0.92 per month over the year.

              There are currently 6 active listings, which represents a 6.5 month supply at last years average absorption rate. The trend is judged to be an *over supply.

              Demand / Supply

              There are 2 pending sales which is a **healthy ratio of 3.0:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

              Investors wanting to buy homes at or near the bottom of the market (before prices start increasing), should watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

              Goshen Township (Loveland S.D.) Single Family Housing Profile

              ***Typical single family homes range in age from new to 56 years.

              ****Predominant age range is 5 to 16 years old.

              ***Typical single family homes range in sale price from $244,000 to $470,000.

               ****Predominant sale price range in the last year was $300,000 to $375,000.


              View Larger Map

              Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

              Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

              For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

              *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

              **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

              ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

              ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

              Related Blogs

                Cincinnati Neighborhood Market Data — No comments
                31
                Aug 11

                Mason, Ohio 45040, Warren County

                Property Value Trend

                MLS statistics indicate that the average and median sale prices for single family homes in the Greater Cincinnati suburb of Mason from 8/28/2010 to 8/28/2011 were $309,604 and $293,000 respectively.

                This is an increase of 8.11% from the average and 8.54% from the median sale prices of $286,374 and $269,950 from 8/28/2009 to 8/28/2010.

                Inventory / Marketing Time

                As of 8/28/2011 there have been 309 sales in the last 12 months, indicating an absorption rate of 25.75 per month over the year.

                There are currently 176 active listings, which represents a 6.8 month supply at last years average absorption rate. The trend is judged to be a slight *over supply.

                Demand / Supply

                There are 36 pending sales which is a **healthy ratio of 4.9:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

                Investors wanting to buy homes in neighborhoods with increasing values, should track price trends and watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

                Mason Single Family Housing Profile

                ***Typical single family homes range in age from new to 175 years.

                ****Predominant age range is 10 to 30 years old.

                ***Typical single family homes range in sale price from $55,000 to $1,300,000.

                 ****Predominant sale price range in the last year was $190,000 to $375,000.


                View Larger Map

                Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

                Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

                For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

                *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

                **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

                ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

                ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

                Related Blogs

                  Cincinnati Neighborhood Market Data — No comments
                  02
                  Aug 11

                  Clifton, Cincinnati, Ohio 45219 & 45220, Hamilton County

                  Property Value Trend

                  MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Clifton from 8/1/2010 to 8/1/2011 were $170,876 and $120,000 respectively.

                  This is a decline of 8.60% from the average and 13.36% from the median sale prices of $186,955 and $138,500 from 8/1/2009 to 8/1/2010.

                  Inventory / Marketing Time

                  As of 8/1/2011 there have been 85 sales in the last 12 months, indicating an absorption rate of 7.08 per month over the year.

                  There are currently 62 active listings, which represents an 8.8 month supply at last years average absorption rate. The trend is judged to be an *over supply.

                  Demand / Supply

                  There are 12 pending sales which is a **soft ratio of 5.2:1 listings to pending sales, indicating that the current market’s pace has slowed compared to the average over the last year.

                  Investors wanting to buy homes at or near the bottom of the market (before prices start increasing), should watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

                  Clifton Single Family Housing Profile

                  ***Typical single family homes range in age from 10 to 150 years.

                  ****Predominant age range is 80 to 120 years old.

                  ***Typical single family homes range in sale price from $7,000 to $540,000.

                  ****Predominant sale price range in the last year was $60,000 to $250,000.


                  View Larger Map

                  Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

                  Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

                  For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

                  *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

                  **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

                  ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

                  ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

                  Related Blogs

                    Cincinnati Neighborhood Market Data — No comments
                    30
                    Jun 11

                    Miami Township, Milford, Ohio 45150, Clermont County

                    Property Value Trend

                    MLS statistics indicate that the average and median sale prices for single family homes in the Milford School District portion of the Greater Cincinnati suburb of Miami Township from 6/29/2010 to 6/29/2011 were $182,369 and $179,150 respectively.

                    This is an increase of 1.29% from the average and 5.38% from the median sale prices of $180,046 and $170,000 from 6/29/2009 to 6/29/2010.

                    Inventory / Marketing Time

                    As of 6/29/2011 there have been 260 sales in the last 12 months, indicating an absorption rate of 21.67 per month over the year.

                    There are currently 195 active listings, which represents a 9 month supply at last years average absorption rate. The trend is judged to be an *over supply.

                    Demand / Supply

                    There are 66 pending sales which is a **strong ratio of 3:1 listings to pending sales, indicating that the current market is more robust than the average over the last year.

                    Investors wanting to buy homes in neighborhoods with increasing values, should track price trends and watch for shrinking inventory (as measured in number of months supply of active listings) coupled with increasing demand (as measured by listings to pending sales ratio).

                    Miami Township (Milford S.D.) Single Family Housing Profile

                    ***Typical single family homes range in age from new to 196 years.

                    ****Predominant age range is 5 to 35 years old.

                    ***Typical single family homes range in sale price from $35,000 to $490,000.

                    ****Predominant sale price range in the last year was $120,000 to $235,000.


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                    Investors should give strong consideration to the implications of investing in homes that are above the typical price range of homes in the neighborhood. Such homes are widely considered to be “over-improvements”. One of the investor’s best strategies of “forced appreciation through home improvement” will likely be limited to needed repairs or not profitable. Appreciation from the increase in value of competing homes, which will likely be in other neighborhoods, will often suffer from being in a neighborhood of less valuable homes.

                    Of course appreciation is not the only measure of a good investment. Fix and flip properties and properties with a strong positive cash flow can be good investments without appreciating. But knowing the neighborhood before buying can help the real estate investor properly evaluate the expectation of future financial benefits.

                    For updates on other Greater Cincinnati neighborhoods in southwestern Ohio, click  neighborhood market data now, or visit Cincinnati Real Estate Bargains.com on a regular basis. Better yet, subscribe to the RSS feed to have updates sent to you as they are posted. If you would like to request an update on a specific neighborhood in Hamilton County, Butler County, Clermont County or Warren County, email ken@cincinnatirealestatebargains.com .

                    *A 5 to 6 month inventory is typically considered to be a balanced market. Inventory of greater than a 6 month supply is judged to be an over supply of available homes for sale. Less than 5 months is viewed as a shortage situation.

                    **A normal ratio of listings to pending sales is typically considered to be between 3:1 and 5:1. Ratios of greater than 5:1 represent increasingly weaker demand, while ratios of less than 3:1 indicate increasingly stronger demand.

                    ***Typical ranges may exclude statistical outliers that would mislead or lessen the reader’s understanding as to the nature of the neighborhood’s housing stock or price range.

                    ****Predominant is defined here as greater than 50 percent of house ages or sale prices.

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