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Mason Ohio 45040 Single Family Home Residential Market Report June 2012

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Real Estate Agent with Transaction Alliance 513.520.5305 www.LizTour.com SAL.2002007747

Mason Ohio 45040 Single Family Home Residential Market Report June 2012

Mason single family homesTHE MASON MARKET IS HOT!  Mason continues to be the most in demand living in Warren County. There's a cachet with saying you live in Mason that isn't present elsewhere in the county.  It's where many professionals and upper management call home.  Stay with us for the full details.  We've covered Mason condos in our Mason Ohio 45040 Condo Market Report June 2012. 

All data is derived from the Cincinnati MLS system and involves only Mason homes sold with  REALTOR® involvement and entered in MLS. All data is for the Mason School District area, so is not limited solely to Mason city limits

With Mason being named #24 on the Money Magazine Top 100 Best Places To Live list for 2011, Mason received recognition that area residents already knew was well deserved!  With top notch public schools, extensive entertainment and dining options, and a premier community center combined with superb accessibility to downtown Cincinnati.

Mason offers a full range of price points.  There are a number of older developments featuring 1950s and 1960s vintage brick ranch homes to the other end of the spectrum with golf course community homes in excess of $1 million dollars!  In general, you can expect to pay a premium for Mason homes when compared to communities further away from Cincinnati.

So, on to the data!
 
First up is the number of Mason single family homes sold on a month by month basis for 2010, 2011 and 2012:
Mason Ohio Residential Home Market Report
Next is the Mason median price summary chart.

Mason Single Family Home Market Report

Mason Single Family Home Category Data Summary:

Homes Sold:  83  (5 Bank/Government Owned, 1 Short Sale)  UP 21

Average Price:  $311,201  UPMason Ohio Home

Median Price:  $295,000 UP

Days on Market Average:  67 UP 1

Homes Active 7/4/12:  235 UP 4

Homes Pending 7/4/12:  92 DOWN 21

Average Sales/List %:  95.5% STEADY

Most Expensive Home Sold:  $995,000

Least Expensive Home Sold:  $50,000

So what is the data telling us?  Overall, Mason single family home sales had NOTHING we would consider a truly negative indicator.  The volume of sales is the highest in three years, and you can see the significant drop in Pendings means the homes are making it to the closing table.  Median price could be a bit better, but it's still very strong.  Additionally, the steady result in sales/list % indicates homes that are selling are accurately priced.

In particular, great condition homes either side of $200k are in high demand, particularly for first time home buyers.  Our experience has been homes in that niche WILL get plenty of activity.  Further, there's more sales than indicated here as new construction is on the upswing also, and not all new construction is reported via MLS.

The proportion of distressed properties (bank/government owned and short sales) is neglibible, although there are currently 7 short sales Pending.   Short sales can involve a tremendous amount of waiting for the buyers.

So what does this mean to you as a Mason single family home owner?  The same as last month.  We're really not seeing a reason to wait if you're wanting to sell. The metrics are demonstrating normal variation.  MASON CONTINUES TO BE A HIGH DEMAND AREA!  For an evaluation of your home's marketability, please contact us.


So what does this mean to you as a potential Mason home buyer?  Our advice is the same as prior months:  STOP WAITING!  There's inventory and new construction to be built, but it's a competitive market.  GET AFTER IT IF YOU WANT TO BE A MASON HOME OWNER!  WAITING LONGER TO MAKE A PURCHASE IS JUST COSTING YOU MORE   The longer you wait to purchase a Mason home the more likely it's going to cost you extra to buy later.  If you're interested in buying a Mason home, please contact us with your needs and we'll help you find the right Mason community for you!  Continuing to wait may force you to either buy less home for your dollar, or adjust to another area that gives you more home for your dollar.

Serving Mason's home buyers and sellers,
Liz and Bill aka BLiz

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Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of Transaction Alliance
Elizabeth Spear, ABR, Ohio License SAL.2002007747

William (Bill) Spear, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

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Comments (4)

Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Liz & Bill,   What a great looking home.  Good luck with a quick and smooth sale.

Jul 05, 2012 03:48 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Liz, Mason is filled with spectacular homes!  New construction has bounced back and prices are heading up.  It's a strong market right now.

Jul 05, 2012 04:06 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Liz and Bill

The real estate sales numbers are looking good for the single family homes in mason Ohio Zip code 45040.

Good luck and success.

Lou Ludwig

Jul 05, 2012 07:33 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Lou, Mason homes are doing quite well!  Now just need the condo segment to catch up with them.

Jul 05, 2012 08:19 AM