September continues to be strong for Mason Ohio's real estate market, but there are continued signs of the typical annual slow down as we head to the cooler months. Stay with us for more details for Mason homes!
Is the activity affecting your Mason Ohio home's worth? Stay with us for all the details and even Search Mason Ohio Homes For Sale links at the end!
We'll cover Mason condos in our Mason Ohio 45040 Condo Market Report September 2017.
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.
Long Cove, home to many of Mason's luxury homes
So, on to the data!
First up is the number of Mason single family homes sold on a month by month basis for 2010 through present:
Next is the Mason median price summary chart.
Mason Single Family Home Category Data Summary:
Homes Sold: 60 (0 Bank/Government Owned, 0 Short Sale, 4 New Construction) DOWN 8
Average Price: $362,058 DOWN $16k
Median Price: $322,250 DOWN $28k
Days on Market Average: 54 DOWN 11 (median time 18 days)
Homes Active 10/8/17: 177 DOWN 8
Homes Pending 10/8/17: 70 DOWN 18
Average Sales/List %: 97.8% UP .8%
Most Expensive Home Sold: $885,000
Least Expensive Home Sold: $134,900
What are the key takeaways this month?
- For a September, 60 is completed sales is outstanding! Compare to Septembers from 2010-2016 and you'll see last month was the best of all.
- The number of homes for sale dropped again. The number of homes under contract also dropped. But you know what? That's typical for this time of year. Some sellers will take the colder months off. That said, don't think this is a terrible time to sell your home as it's not. Buyers are still out there looking for the perfect fit. Homes under $250,000 that are in good condition are still in very high demand.
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10 of the 60 homes sold were priced above $500,000, so prices slipped a bit compared to the previous month with 18 luxury home sales.
New construction communities are staying busy with Roberts Park, Hudson Hills and Ambleside Meadows moving quickly. Need help buying any new construction homes, just give us a call at 513-520-5305. We work for you and NOT the seller and the good news is it doesn't cost extra for us to work for you (and you don't get a price break for going solo).
- 50 of the 177 listed homes not under contract are new construction.
- Distressed properties (foreclosures and short sales) remain scarce in Mason! None of the 60 homes sold were distressed, and only 2 of the 177 not under contract is distressed.
So what does this mean to you as a Mason Single family home owner?
The market is still slowing, but doing well overall. If you're in the luxury category, expect the sale to take longer as you're competing with plenty of new construction offerings.
Keep in mind, buyers still aren't keen on homes that show their age or feature decor from 20+ years ago, so the more update to date and the more compelling your asking price, the more likely buyers will flock to your door.
For an evaluation of your home's marketability and worth, please contact us 513-520-5305 or Liz@LizSpear.com.
So what does this mean to you as a potential Mason home buyer?
NO CHANGE HERE: Homes that are in demand are moving quickly so you have plenty of competition. The number of homes for sale slightly decreased again and will probably continue to decrease. And some of the homes on the market have notable problems (busy roads, etc.) that will make them unsuitable for most buyers. Move fast and bid strong or expect to lose out on the best homes. A weak offer may mean you're going to keep looking even longer. We highly recommend do NOT wait to write that offer or you may lose the chance to own that home.
The longer you wait to purchase a Mason home the more likely it's going to cost you more to buy later. When you're interested in buying a Mason home, please contact us at 513-520-5305 with your needs and we'll help you find the right Mason community for you!
And get yourself a dedicated buyer's agent, whether for resale OR new construction!! The listing agent works for the seller, and when you hire us we work for YOU. We have incentive to get you the best possible price!
Search for Mason Ohio Homes For Sale Under $200,000
Search for Mason Ohio Homes For Sale $200,000 to $400,000
Search for Mason Ohio Homes For Sale $400,000 to $600,000
Search for Mason Ohio Homes For Sale $600,000 and higher
Serving Mason's home buyers and sellers,
Liz and Bill aka BLiz
Recent Mason Market Reports:
August 2017 Mason Ohio single family home report
July 2017 Mason Ohio single family home report
June 2017 Mason Ohio single family home report
May 2017 Mason Ohio single family home report
April 2017 Mason Ohio single family home report
March 2017 Mason Ohio single family home report
February 2017 Mason Ohio single family home report
January 2017 Mason Ohio single family home report
December 2016 Mason Ohio single family home report
November 2016 Mason Ohio single family home report
October 2016 Mason Ohio single family home report
September 2016 Mason Ohio single family home report
August 2016 Mason Ohio single family home report
July 2016 Mason Ohio single family home report
June 2016 Mason Ohio single family home report
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