Posts Tagged: Hamilton County

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.


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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
    25
    Jan 11

    Silverton, Cincinnati, Ohio 45236 & 45213, Hamilton County

    Property Value Trend

    MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati suburb of Silverton from 1/21/2010 to 1/21/2011 were $114,418 and $120,750 respectively.

    This is an increase of 15.29% from the average and 11.29% from the median sale prices of $99,240 and $108,500 from 1/21/2009 to 1/21/2010.

    Inventory / Marketing Time

    As of 1/21/2011 there have been 44 sales in the last 12 months, indicating an absorption rate of 3.67 per month over the year.

    There are currently 29 active listings, which represents a 7.9 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 **weak ratio of 14.5:1 listings to pending sales, indicating that the current market has softened 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).

    Silverton Single Family Housing Profile

    ***Typical single family homes range in age from 5 to 161 years.

    ****Predominant age range is 55 to 75 years old.

    ***Typical single family homes range in sale price from $32,000 to $195,000.

    ****Predominant sale price range in the last year was $90,000 to $140,000.


    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
    Jan 11

    Springdale, Cincinnati, Ohio 45246 & 45240, Hamilton County

    Property Value Trend

    MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati suburb of Springdale from 1/12/2010 to 1/12/2011 were $99,455 and $101,750 respectively.

    This is an increase of 4.50% from the average and 10.60% from the median sale prices of $95,168 and $92,000 from 1/12/2009 to 1/12/2010.

    Inventory / Marketing Time

    As of 1/12/2011 there have been 74 sales in the last 12 months, indicating an absorption rate of 6.17 per month over the year.

    There are currently 44 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 16 pending sales which is a **strong ratio of 2.75:1 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).

    Springdale Single Family Housing Profile

    ***Typical single family homes range in age from 3 to 181 years.

    ****Predominant age range is 35 to 55 years old.

    ***Typical single family homes range in sale price from $25,000 to $310,000.

    ****Predominant sale price range in the last year was $60,000 to $115,000.


    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
    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.


    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
    Oct 10

    Bridgetown, Cincinnati, Ohio 45248, Hamilton County

    Property Value Trend

    MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati suburb of Bridgetown from 10/28/2009 to 10/28/2010 were $155,223 and $127,750 respectively.

    This is an increase of 3.45% from the average and 2.20% from the median sale prices of $150,043 and $125,000 from 10/28/2008 to 10/28/2009.

    Inventory / Marketing Time

    As of 10/28/2010 there have been 234 sales in the last 12 months, indicating an absorption rate of 19.5 per month over the year.

    There are currently 142 active listings, which represents a 7.3 month supply at last years average absorption rate. The trend is judged to be an *over supply.

    Demand / Supply

    There are 32 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 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).

    Bridgetown Single Family Housing Profile

    ***Typical single family homes range in age from new to 180 years.

    ****Predominant age range is 35 to 65 years old.

    ***Typical single family homes range in sale price from $40,000 to $495,000.

    ****Predominant sale price range in the last year was $100,000 to $180,000.


    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
    Oct 10

    Deer Park, Cincinnati, Ohio 45236, 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 Deer Park from 10/7/2009 to 10/7/2010 were $108,210 and $111,250 respectively.

    This is a decline of 6.74% from the average and 10.64% from the median sale prices of $116,028 and $124,500 from 10/7/2008 to 10/7/2009.

    Inventory / Marketing Time

    As of 10/7/2010 there have been 108 sales in the last 12 months, indicating an absorption rate of 9.00 per month over the year.

    There are currently 54 active listings, which represents a 6.0 month supply at last years average absorption rate. The trend is judged to be in *balance.

    Demand / Supply

    There are 7 pending sales which is a **weak ratio of 7.7:1 listings to pending sales, indicating that the current market has softened 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).

    Deer Park Single Family Housing Profile

    ***Typical single family homes range in age from 3 to 198 years.

    ****Predominant age range is 60 to 80 years old.

    ***Typical single family homes range in sale price from $37,000 to $167,500.

    ****Predominant sale price range in the last year was $90,000 to $130,000.


    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
    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
    8
    Sep 10

    Finneytown, Cincinnati, Ohio 45224 & 45231, Hamilton County

    Property Value Trend

    MLS statistics indicate that the average and median sale prices for single family homes in the Cincinnati suburb of Finneytown from 9/6/2009 to 9/6/2010 were $107,511 and $109,000 respectively.

    This is an increase of 12.67% from the average and 23.16% from the median sale prices of $95,423 and $88,500 from 9/6/2008 to 9/6/2009.

    Inventory / Marketing Time

    As of 9/6/2010 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 95 active listings, which represents a 9.3 month supply at last years average absorption rate. The trend is judged to be an *over supply.

    Demand / Supply

    There are 15 pending sales which is a **soft ratio of 6.3:1 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).

    Finneytown Single Family Housing Profile

    ***Typical single family homes range in age from 11 to 143 years.

    ****Predominant age range is 45 to 60 years old.

    ***Typical single family homes range in sale price from $30,000 to $215,000.

    ****Predominant sale price range in the last year was $65,000 to $145,000.


    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.


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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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