March2013 Market Snapshot: Burlington KY single family homes

Real Estate Agent with Exit Realty

Welcome Burlington KY home buyers! Well it's been a long, crazy winter but the Burlington single family home market has been buzzing with activity. 52 single family homes and 7 condos are currently pending, which means that there was definately buyer activity throughout the winter!

If you are just starting out to find your dream Burlington home, then you will need to know that it's not quite the same Burlington KY single family home market it was last year when you could offer less on a home and catch the seller's attention! Today you will need to evaluate properties carefully before placing your offer and bid a fair current market value. You may be surprised to find out that in some cases, buyers are actually bidding over the asking price just to get it under contract!

Here's today's market snapshot (March 28th, 2013):

  • 101 single family homes for sale (median list price of $143,245)
  • 40 condos (median list price of $106,450)
  • 4 farms (median list price of $662,950)

Just to contrast those stats, here was the market snapshot back in Jan. 2013:

  • 90 single family homes for sale (median list price of $139,400)
  • 37 condos (median list price of $117,947)
  • 3 farms (median list price of $435,000)

As you can see, the Burington market is reflecting the bigger picture we are seeing in Northern KY and the entire Tri State which is that single family home inventory levels in our area are still lower than normal and that prices are just starting to inch upwards. Buyers will need to be prepared to write an offer as soon as they find their dream home and realize that there are a lot of buyers out there searching right along with them. Therefore, all buyers will need to be prepared to run up against multiple bids situations (other buyers have placed an offer at the same time you did) or finding out that another buyer got there first with their offer and now has it under contract.

Burlington KY is located in Northern KY approximately 17 miles southwest from Cincinnati, OH and approx. 6 miles due west of Florence, KY. Burlington is actually the county seat of Boone County and covers a little over 8 square miles. The Boone County Fairgrounds, Boone County Public Library, Dinsmore Homestead Museum, Tousey House Tavern, Willis Graves Bed & Breakfast Inn and Burlington Shopping District are just a few of the many places of interest this area has to offer.

Why not search the current Burlington Ky single family homes for sale now and see why this lovely area of Northern Kentucky would be a great place to call home! Better look fast before someone else gets your next home under contract before you do!

Proceed with knowledge and be empowered to make sound decisions in all your real estate transactions!

NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®

I specialize in helping buyers & sellers with their real estate needs in Northern KY and in
Cincinnati, OH .With passion, I invite you to board my boat for your next destination and
allow me the opportunity to help you navigate the ever changing currents of this incredible

just ask cathy...513.673.7726
Helping to educate buyers & sellers to make sound real estate decisions. ___________________________________________________________________________________________________________________-
KY & OH Realtor® /EXIT Realty /


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