Posts Tagged: City of Cincinnati

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
      2
      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
        9
        Jun 11

        College Hill, Cincinnati, Ohio 45224, Hamilton County

        Property Value Trend

        MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of College Hill from 6/6/2010 to 6/6/2011 were $71,872 and $64,500 respectively.

        This is a decline of 8.64% from the average and 16.23% from the median sale prices of $78,666 and $77,000 from 6/6/2009 to 6/6/2010.

        Inventory / Marketing Time

        As of 6/6/2011 there have been 112 sales in the last 12 months, indicating an absorption rate of 9.33 per month over the year.

        There are currently 86 active listings, which represents a 9.2 month supply at last years average absorption rate. The trend is judged to be an *over supply.

        Demand / Supply

        There are 18 pending sales which is a **healthy ratio of 4.8:1 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).

        College Hill Single Family Housing Profile

        ***Typical single family homes range in age from 2 to 199 years.

        ****Predominant age range is 45 to 85 years old.

        ***Typical single family homes range in sale price from $9,000 to $230,000.

        ****Predominant sale price range in the last year was $30,000 to $105,000.


        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
          13
          May 11

          Bond Hill, Cincinnati, Ohio 45237 & 45216, Hamilton County

          Property Value Trend

          MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Bond Hill from 5/10/2010 to 5/10/2011 were $53,211 and $33,000 respectively.

          This is an increase of 0.06% from the average and 8.20% from the median sale prices of $53,179 and $30,500 from 5/10/2009 to 5/10/2010.

          Inventory / Marketing Time

          As of 5/10/2011 there have been 52 sales in the last 12 months, indicating an absorption rate of 4.33 per month over the year.

          There are currently 32 active listings, which represents a 7.4 month supply at last years average absorption rate. The trend is judged to be an *over supply.

          Demand / Supply

          There are 8 pending sales which is a **healthy ratio of 4:1 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).

          Bond Hill Single Family Housing Profile

          ***Typical single family homes range in age from 5 to 157 years.

          ****Predominant age range is 70 to 90 years old.

          ***Typical single family homes range in sale price from $8,000 to $215,000.

          ****Predominant sale price range in the last year was $24,000 to $74,000.


          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 — 1 Comment
          26
          Apr 11

          Madisonville, Cincinnati, Ohio 45227, Hamilton County

          Property Value Trend

          MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Madisonville from 4/22/2010 to 4/22/2011 were $58,672 and $40,000 respectively.

          This is a decline of 20.10% from the average and 42.96% from the median sale prices of $73,432 and $70,128 from 4/22/2009 to 4/22/2010.

          Inventory / Marketing Time

          As of 4/22/2011 there have been 115 sales in the last 12 months, indicating an absorption rate of 9.58 per month over the year.

          There are currently 68 active listings, which represents a 7.1 month supply at last years average absorption rate. The trend is judged to be an *over supply.

          Demand / Supply

          There are 19 pending sales which is a **healthy ratio of 3.6:1 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).

          Madisonville Single Family Housing Profile

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

          ****Predominant age range is 70 to 105 years old.

          ***Typical single family homes range in sale price from $4,000 to $265,000.

          ****Predominant sale price range in the last year was $18,000 to $90,000.


          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
          24
          Feb 11

          Fairmount, Cincinnati, Ohio 45214 & 45225, Hamilton County

          Property Value Trend

          MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Fairmount from 2/20/2010 to 2/20/2011 were $20,080 and $14,500 respectively.

          This is an increase of 111.35% from the average and 132.00% from the median sale prices of $9,501 and $6,250 from 2/20/2009 to 2/21/2010.

          Inventory / Marketing Time

          As of 2/20/2011 there have been 37 sales in the last 12 months, indicating an absorption rate of 3.08 per month over the year.

          There are currently 27 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 11 pending sales which is a **strong ratio of 2.5:1 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).

          Fairmount Single Family Housing Profile

          ***Typical single family homes range in age from 5 to 191 years.

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

          ***Typical single family homes range in sale price from $3,000 to $71,000.

          ****Predominant sale price range in the last year was $11,000 to $20,000.


          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
            15
            Dec 10

            Carthage, Cincinnati, Ohio 45216, Hamilton County

            Property Value Trend

            MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Carthage from 12/11/2009 to 12/11/2010 were $39,432 and $21,000 respectively.

            This is a decline of 31.17% from the average and 35.06% from the median sale prices of $57,288 and $59,900 from 12/11/2008 to 12/11/2009.

            Inventory / Marketing Time

            As of 12/11/2010 there have been 18 sales in the last 12 months, indicating an absorption rate of 1.5 per month over the year.

            There are currently 22 active listings, which represents a 14.7 month supply at last years average absorption rate. The trend is judged to be an *over supply.

            Demand / Supply

            There are 5 pending sales which is a **healthy ratio of 4.4:1 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).

            Carthage Single Family Housing Profile

            ***Typical single family homes range in age from 5 to 150 years.

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

            ***Typical single family homes range in sale price from $7,500 to $88,000.

            ****Predominant sale price range in the last year was $15,000 to $75,000.


            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
            16
            Nov 10

            Avondale, Cincinnati, Ohio 45229, Hamilton County

            Property Value Trend

            MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Avondale from 11/10/2009 to 11/10/2010 were $40,079 and $20,000 respectively.

            This is an increase of 65.89% from the average and 81.82% from the median sale prices of $24,160 and $11,000 from 11/10/2008 to 11/10/2009.

            Inventory / Marketing Time

            As of 11/10/2010 there have been 65 sales in the last 12 months, indicating an absorption rate of 5.42 per month over the year.

            There are currently 49 active listings, which represents a 9.0 month supply at last years average absorption rate. The trend is judged to be an *over supply.

            Demand / Supply

            There are 9 pending sales which is a **soft ratio of 5.4:1 listings to pending sales, indicating that the current market has slowed compared to 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).

            Avondale Single Family Housing Profile

            ***Typical single family homes range in age from 2 to 150 years.

            ****Predominant age range is 80 to 100 years old.

            ***Typical single family homes range in sale price from $3,000 to $132,000.

            ****Predominant sale price range in the last year was $10,000 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
            15
            Nov 10

            North Avondale, Cincinnati, Ohio 45229, Hamilton County

            Property Value Trend

            MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of North Avondale from 11/10/2009 to 11/10/2010 were $270,879 and $246,000 respectively.

            This is an increase of 13.56% from the average and 2.50% from the median sale prices of $238,526 and $240,000 from 11/10/2008 to 11/10/2009.

            Inventory / Marketing Time

            As of 11/10/2010 there have been 14 sales in the last 12 months, indicating an absorption rate of 1.17 per month over the year.

            There are currently 12 active listings, which represents a 10.3 month supply at last years average absorption rate. The trend is judged to be an *over supply.

            Demand / Supply

            There are 3 pending sales which is a **healthy ratio of 4:1 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).

            North Avondale Single Family Housing Profile

            ***Typical single family homes range in age from 40 to 140 years.

            ****Predominant age range is 80 to 100 years old.

            ***Typical single family homes range in sale price from $100,000 to $450,000.

            ****Predominant sale price range in the last year was $155,000 to $365,000.


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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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