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Maineville/Hamilton Twp Ohio 45039 Single Family Home Market Report September 2012

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

5891 Eagle Creek Maineville/Hamilton Township OH 45039Maineville/Hamilton Twp Ohio 45039 Single Family Home Market Report September 2012

Welcome to the September edition of the Maineville/Hamilton Township Ohio single family home residential market report.  We're covering zip code 45039 only, which also includes homes in parts of Landen and Deerfield Township, although at low levels.  That also means any Hamilton Township homes in other zip codes are NOT covered in this report.  The majority of 45039 is covered by Little Miami Schools, although portions are in Kings Local.  Obviously zip code 45039 is NOT uniform so we're not always comparing apples to apples in this report.  This report is informational and for the best advice for you as an area home buyer or seller, please contact us for a specific review of your needs.

All data is derived from the Cincinnati MLS system.  If any Maineville/Hamilton Township homes traded hands without a REALTOR® involved, then it won't be reflected in this report. All data is for the 45039 zip code only.

The 45039 zip code offers a diversity of living choices, with a focus on affordable housing.  Much of the zip code is easily reached by taking the SR48 exit off of I71.  Depending on traffic you can be in the heart of Maineville within 5-10 minutes from exit.  Along the way you'll pass a Lowe's, Target, Kohls, Kroger and a collection of strip malls with a selection of dining choices. 

With regards to housing choices, there are numerous developments, with the majority focused at the $200k price point with many starter type homes available well below that.  If you're preference is more space, the area also offers that option with either luxury home communities or more rural opportunities. Additionally, one of the area's few 55+ communities makes it's home here.

Maineville is home to the annual Berry Festival, a recently established area festival that is quickly gaining popularity.

So, on to the review!
 
First up is the number of Maineville/Hamilton Township area single family homes sold on a month by month basis for 2010, 2011 and now 2012:
Maineville/Hamilton Township Ohio Residential Home Market Report
Next is the Maineville/Hamilton Township median price summary chart.
Maineville/Hamilton Township Single Family Home Market Report

Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:

Homes Sold:  34  (8 Bank/Government Owned, 2 Short Sale) UP 4

Average Price:  $174,204 DOWNAnother Maineville/Hamilton Township home

Median Price:  $142,750  DOWN

Days on Market Average:  95 SAME

Homes Active 10/6/12:  206 DOWN 27

Homes Pending 10/6/12: 75 UP 3

Average Sales/List %:  96.7% UP 1.1%

Most Expensive Home Sold:  $543,000

Least Expensive Home Sold:  $40,000


So what can we determine from the latest statistics? 

The key takeaway is the volume of sales was fantastic for the month of September.  The 2nd best month in 2012 and far better than the Septembers of 2010 & 2011.  However, the one item to note was that 10 of these 34 sales were distressed properties (8 bank owned, 2 short sales).  That is certainly a high percentage of this category and also explains the decrease in median and average prices compared to August.  Four sales occurred below $100k and all of those were distressed properties.  Looking forward, we expect this to be a short term event.  Only two homes are listed for sale at less than $100k as of today.  This monthly drop in values would appear more attributable to buyers snatching up some available bargains rather than an overall shift down in market value.  Note the 96.7% averages sales to list % to know that there aren't large dollar amounts being given away by the sellers.  Homes that sell are accurately priced for the market conditions.  

The fact that 29.5% of homes on the market are under contract is also a very positive sign.  The drop in homes for sale is typical for this time of year as sellers frequently take their homes off the market during the traditionally less busy months of fall and winter.  However, considering the sales volume for September and the 75 homes pending, we'd advise to stay the course as buyers are still out actively looking and buying.

 

So what does this mean to you as a Maineville/Hamilton Township single family home owner?  We still believe that it's finally a good time to sell your home if you've been waiting for a market rebound.  Of course this also depends strongly on the type and condition of the home you have to offer.  The starter and first bump up category homes are moving well.

PATIENCE for sellers is still the name of the game unless you can aggressively price to jump in front of your competition, and even then you know the buyers will try to go lower.  A strong marketing presence is still imperative (and we can provide that for you). If either element is missing, the home will take much longer to sell, or will not sell at all.  For an evaluation of your specific home's marketability, please contact us.  

 

So what does this mean to you as a potential Maineville/Hamilton Township home buyer? 

Not much has changed from last month if you're a potential buyer.  You've picked an area with VERY affordable housing.  There's still plenty of inventory to select from.  However, one key piece of advice:  If you see something you like, don't wait on it assuming there will be a price reduction.  If you're thinking about writing an offer on a home, there's a decent possibility that someone else may be thinking the same.    Based on List/Sold price ratios, obviously there is some room to negotiate on most homes.  When you're considering buying a Maineville/Hamilton Township area home, please contact us with your needs and we'll help you find the right community for you! 

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

August Maineville/Hamilton Township Report

Posted by

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

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Comments (11)

Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Liz and Bill Spear

RE/MAX Elite

Warren County Ohio: Cincinnati to Dayton  

The Best!

Oct 06, 2012 12:29 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Roger, Thanks!  We've only got 1-2 more of these to do for the month and then we'll return to our regularly scheduled programming :)

Oct 06, 2012 12:43 AM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Just don't ever want you thinking I'm not here to support you!

Oct 06, 2012 12:46 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

BLiz: Homes appear to be moving at a very good pace in the Maineville/Hamilton Twp real estate market.  Although average/median prices are affected, it is good to see foreclosures selling and being removed from the active inventory.

Oct 06, 2012 12:48 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning BLIZ,

Your Maineville/Hamilton Twp market report is excellent and clearly shows homes are moving at a good pace. We like to see those foreclosures moving off market!!!

Oct 06, 2012 01:00 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Roger, We know you're always there for us :)

Anita, Definitely good to see them moving and getting there impact behind us.

Dorie, Good to get them sold and have owners in there that will actually improve them and make sure the lawn is taken care of and neighborhood values maintained longer term.

Oct 06, 2012 01:01 AM
Beth and Richard Witt
New York, NY
The best Retired Brokers !!!!

I just hit the suggest button on this excellent, awesome area report... You two just knock me out... Have a Happy Wonderful Day!

Oct 06, 2012 03:03 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Beth, Hope you're having a great weekend too!  Cool fall weather here.  We've got our process down for our market report, the big changes are the monthly data pull and the interpretation.  Almost got them all done for this month.

Oct 06, 2012 03:30 AM
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

You always do a great market report, and this one is no exception.  I wish I had the time to devote to this....

Oct 06, 2012 05:17 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Suzanne, The biggest investment of time is creating the initial charts since we included all of 2010 and 2011, so a couple of hours crunching the numbers, but now that the templates are set up things go relatively quickly.  Maybe another hour to update each area we report on.

Oct 06, 2012 06:52 AM
Bobbie Smith
Stroudsburg, PA
570-242-1891

Bliz, Such a fabulous market presentation.  Any and all details that Buyers and Sellers in your area would need, are here.  Great post.

Oct 06, 2012 10:09 PM