Posts Tagged: City of Cincinnati

Cincinnati Neighborhood Market Data — No Comments
14
Sep 10

Price Hill, Cincinnati, Ohio 45204 & 45205, Hamilton County

Property Value Trend

MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood Price Hill from 9/12/2009 to 9/12/2010 were $40,387 and $25,000 respectively.

This is an increase of 20.00% from the average and 19.05% from the median sale prices of $33,655 and $21,000 from 9/12/2008 to 9/12/2009.

Inventory / Marketing Time

As of 9/12/2010 there have been 202 sales in the last 12 months, indicating an absorption rate of 16.83 per month over the year.

There are currently 211 active listings, which represents a 12.5 month supply at last years average absorption rate. The trend is judged to be an *over supply.

Demand / Supply

There are 38 pending sales which is a **soft ratio of 5.55:1 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 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).

Price Hill Single Family Housing Profile

***Typical single family homes range in age from new to 145 years.

****Predominant age range is 55 to 105 years old.

***Typical single family homes range in sale price from $5,000 to $140,000.

****Predominant sale price range in the last year was $10,000 to $65,000.


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
17
Aug 10

Mt. Lookout, Cincinnati, Ohio 45226, Hamilton County

Property Value Trend

MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Mt. Lookout from 8/13/2009 to 8/13/2010 were $388,706 and $326,000 respectively.

This is an increase of 11.23% from the average and 14.99% from the median sale prices of $349,470 and $283,500 from 8/13/2008 to 8/13/2009.

Inventory / Marketing Time

As of 8/13/2010 there are 101 sales in the last 12 months, indicating an absorption rate of 8.42 per month over the year.

There are currently 63 active listings, which represents a 7.5 month supply at last years average absorption rate. The trend is judged to be an *over supply.

Demand / Supply

There are 14 pending sales which is a **healthy ratio of 4.5:1 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).

Mt. Lookout Single Family Housing Profile

***Typical single family homes range in age from new to 145 years.

****Predominant age range is 65 to 105 years old.

***Typical single family homes range in sale price from $145,000 to $995,000.

****Predominant sale price range in the last year was $250,000 to $470,000.


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
12
Jul 10

Evanston, Cincinnati, Ohio 45207, Hamilton County

Property Value Trend

MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Evanston from 7/10/2009 to 7/10/2010 were $32,596 and $15,000 respectively.

This is an increase of 59.25% from the average and 3.45% from the median sale prices of $20,468 and $14,500 from 7/10/2008 to 7/10/2009.

Inventory / Marketing Time

As of 7/10/2010 there are 47 sales in the last 12 months, indicating an absorption rate of 3.92 per month over the year.

There are currently 40 active listings, which represents a 10.2 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 **soft ratio of 6.7:1 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 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).

Evanston Single Family Housing Profile

***Typical single family homes range in age from 8 to 145 years.

****Predominant age range is 80 to 115 years old.

***Typical single family homes range in sale price from $4,000 to $145,000.

****Predominant sale price range in the last year was $10,000 to $23,000.


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
11
Jun 10

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 6/9/2009 to 6/9/2010 were $76,704 and $79,000 respectively.

This is an increase of 33.12% from the average and 123.48% from the median sale prices of $57,619 and $35,350 from 6/9/2008 to 6/9/2009.

Inventory / Marketing Time

As of 6/9/2010 there are 116 sales in the last 12 months, indicating an absorption rate of 9.67 per month over the year.

There are currently 49 active listings, which represents a 5.1 month supply at last years average absorption rate. The trend is judged to be in *balance.

Demand / Supply

There are 28 pending sales which is a **very strong ratio of 1.75:1 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).

Madisonville Single Family Housing Profile

***Typical single family homes range in age from 3 to 145 years.

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

***Typical single family homes range in sale price from $5,000 to $253,000.

****Predominant sale price range in the last year was $20,000 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
3
May 10

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 5/1/2009 to 5/1/2010 were $75,984 and $74,500 respectively.

This is an increase of 9.68% from the average and 16.41% from the median sale prices of $69,281 and $64,000 from 5/1/2008 to 5/1/2009.

Inventory / Marketing Time

As of 5/1/2010 there are 159 sales in the last 12 months, indicating an absorption rate of 13.25 per month over the year.

There are currently 67 active listings, which represents a 5.1 month supply at last years average absorption rate. The trend is judged to be in *balance.

Demand / Supply

There are 43 pending sales which is a **strong ratio of 1.6:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

Investors wanting to buy homes 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).

College Hill Single Family Housing Profile

***Typical single family homes range in age from 12 to 156 years.

****Predominant age range is 50 to 85 years old.

***Typical single family homes range in sale price from $7,000 to $315,000.

****Predominant sale price range in the last year was $35,000 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
26
Apr 10

Mt. Airy, Cincinnati, Ohio 45239, Hamilton County

Property Value Trend

MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Mt. Airy from 4/19/2009 to 4/19/2010 were $99,479 and $103,000 respectively.

This is an increase of 12.14% from the average and 25.69% from the median sale prices of $88,708 and $81,950 from 4/19/2008 to 4/19/2009.

Inventory / Marketing Time

As of 4/19/2010 there are 55 sales in the last 12 months, indicating an absorption rate of 4.58 per month over the year.

There are currently 46 active listings, which represents a 10 month supply at last years average absorption rate. The trend is judged to be an *over supply.

Demand / Supply

There are 10 pending sales which is a **healthy ratio of 4.6:1 listings to pending sales, indicating that the current market is stronger than the average over the last year.

Investors wanting to buy homes 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).

Mt. Airy Single Family Housing Profile

***Typical single family homes range in age from 5 to 120 years.

****Predominant age range is 40 to 65 years old.

***Typical single family homes range in sale price from $7,000 to $290,000.

****Predominant sale price range in the last year was $70,000 to $125,000.


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 10

Mt. Washington, Cincinnati, Ohio 45230, Hamilton County

Property Value Trend

MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati neighborhood of Mt. Washington from 4/22/2009 to 4/22/2010 were $138,490 and $133,750 respectively.

This is a decline of 5.16% from the average and 4.43% from the median sale prices of $146,018 and $139,950 from 4/22/2008 to 4/22/2009.

Inventory / Marketing Time

As of 4/22/2010 there are 168 sales in the last 12 months, indicating an absorption rate of 14 per month over the year.

There are currently 109 active listings, which represents a 7.8 month supply at last years average absorption rate. The trend is judged to be an *over supply.

Demand / Supply

There are 50 pending sales which is a **strong ratio of 2.2:1 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).

Mt. Washington Single Family Housing Profile

***Typical single family homes range in age from new to 198 years.

****Predominant age range is 40 to 70 years old.

***Typical single family homes range in sale price from $50,000 to $315,000.

****Predominant sale price range in the last year was $110,000 to $160,000.


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

Newer Entries →