Well, the truth sometimes is ugly. I just pulled a report on the last two years of sales data in the MLS for the Batavia, Ohio market.
See the chart below.
The Average House sold in Clermont county from December 2007 to December 2009 is down from $147,600 to $121,000. This is a decrease of 18%. Some homeowners have seen their properties decline in value while others are relatively flat. This does not mean that every house had depreciated by 18% but it does mean that homes are selling for less money and more of the less expensive houses are selling. I ran the same analysis on Batavia, Ohio and the average sold home was down 40%!
If you have any questions on how the market is doing in your neighborhood please let me know and I can run the numbers for you.
We have 14 properties under contract to close this year already so 2010 will be a great year. With the tax credit, bond programs and other deals out there it is a great time to buy or sell.
If you have any direct needs or questions, please don't hesitate to call me directly at 513-732-2720. I can also refer you to a lender to get a great interest rate on your next home purchase. For information on the tax credit click here.
Have a great day!
Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for 5 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!
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2010 Realtor of the Year: Southern Ohio Association of Realtors
The Tye Group with RE/MAX United Associates
Ph: 513-549-7469 Fax: 513-842-7818