Miamisburg Update

By Jon Higgins

Real Estate Agent with Century 21 Elite Performance

May 28, 2008 02:42 PM

Miamisburg has seen some changes in the market this year. Here are the long anticipated numbers for May 28, 2008. Breaking it down it looks like this.

Sold
Selling Price Range	Quantity	Average DOM
$19,999 or under	1	71
$30,000 thru $39,999	1	48
$40,000 thru $49,999	4	81
$50,000 thru $59,999	1	226
$60,000 thru $69,999	2	153
$70,000 thru $79,999	2	219
$80,000 thru $89,999	4	118
$90,000 thru $99,999	1	76
$100,000 thru $119,999	5	122
$120,000 thru $139,999	10	113
$140,000 thru $159,999	10	104
$160,000 thru $179,999	7	176
$180,000 thru $199,999	6	209
$200,000 thru $249,999	7	95
$250,000 thru $299,999	2	73
$350,000 thru $399,999	2	236
	65	131

In contrast those same numbers this time last year in 2007 are as follows.

Sold
Selling Price Range	Quantity	Average DOM
$19,999 or under	1	64
$30,000 thru $39,999	1	157
$40,000 thru $49,999	6	118
$50,000 thru $59,999	2	156
$60,000 thru $69,999	1	183
$70,000 thru $79,999	5	137
$80,000 thru $89,999	7	94
$90,000 thru $99,999	5	125
$100,000 thru $119,999	19	115
$120,000 thru $139,999	13	87
$140,000 thru $159,999	13	157
$160,000 thru $179,999	12	121
$180,000 thru $199,999	14	141
$200,000 thru $249,999	12	145
$250,000 thru $299,999	6	141
$300,000 thru $349,999	2	153
$350,000 thru $399,999	1	157
$400,000 thru $449,999	1	198
	121	127

The number of total homes sold in Miamisburg went from 121 this time last year to 65 this year. With an average price range of $149,098.00 in 2007 and a total volume of $18,040,911.00, the 2008 figures thus far are down with an average home price at $144,724.00 and a volume this year virtually cut in half at $9,407,046.00! The amount of days on market has gone up on average an extra four days. The biggest price brackets hit have been in the price range of $100,000.00 to $250,000.00, in terms of number of homes sold this year compared to last year.

You're asking yourself - "Jon, is there any good news in all of this?" My answer is yes. For the past 30 years election years have been good to real estate for whatever reason, I'll let you decide as there are as many opinions to that as there are minutes in the day. The point is the NAR has predicted that here in the good 'ol midwest we're going to see a sustained spike in sales throughout the summer months, and from what I can tell by being here at Coldwell Banker Heritage Realtors - (what I like to call "the pulse" of real estate in the Dayton market) more people are actually preparing for the move once the kids get out of school, and buyers and sellers I've been talking to in the field and at open houses have all supported that interpretation from the NAR.

Know what else does this means? Now more than ever it's extremely important to align yourself with the best brokerage you can and to price your home competitively and show your home in its best possible light. You need to have a world class marketing plan and who better than your 2007 Ohio Association Presidents Club Award winning recipient than Jon Higgins ABR - who by the way has hung his proverbial shingle on the brokerage house that has been number one in Dayton for over 30 years and who sells one in every seven homes in the Dayton area!

Hey - guess what? Now you're up to date in Miamisburg! Please call me if you have any questions regarding Real Estate or visit me on the web at www.jonhigginsrealestate.com for great buyer and seller FAQ's. Be informed! Be empowered! Be well represented! Go and get a great deal! Luck of the Irish to you all!

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