Mason Ohio 45040 Condominium Market Report April 2013
The warm weather is here and signs of spring are everywhere. Did the Mason Ohio condo market warm up too? Stay tuned for the details of the Mason Ohio condo real estate market and easy to use Search For Mason Ohio Condos For Sale links too!
If you're interested in the Mason single family home April market report update just click the link for their story.
All data is derived from the Cincinnati MLS system. If any Mason condos traded hands without a REALTOR® involved, then it won't be reflected in this report. 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 has become one of the most desired living areas in the region!
Mason offers a full range of price points, with some entry level condos below 100k and luxury/golf course community condos well into the $300k price point. So whether you want an economy condo, or the luxury version, we can help you find the right Mason condo for you if it's been built!
Harbourwatch, a popular Mason condo community.
In general, you can expect to pay a premium for Mason condos when compared to communities further away from Cincinnati, although there is diminished opportunity for condos as you head away from Cincinnati.
So, on to the data!
First up is the number of Mason condos sold on a month by month basis for 2010, 2011, 2012 and now 2013:
Next is the Mason condo median price summary chart.
Mason Condominium Data Summary:
Condos Sold: 15 (3 Bank/Government Owned, 1 Short Sale) SAME
Average Price: $131,720 DOWN
Median Price: $130,000 UP
Days on Market Average for SOLD: 70 DOWN
Condos Active 5/5/13: 65 DOWN 3
Condos Pending 5/5/13: 34 UP 8
Average Sales/List %: 93.9% DOWN .6%
Most Expensive Condo Sold: $220,000
Least Expensive Condo Sold: $67,000
So what does the data indicate about Mason condo sales?
April continues a mixed message for Mason Ohio condo sales. Sales volume was better than the last two years, but the higher end condos were not going to the closing table. However, with new construction sales such as at Beacon Hill NOT in MLS, the Mason condo market is overall doing well thanks to the new construction activity. Mason condo inventory is shrinking, with the number of condos for sale not keeping pace with those going under contract.
The Average Sales/List % shows plenty of negotiating happening between Mason condo buyers and sellers.
With only 65 Mason condos on the market not already under contract, it doesn't take long to determine if there's a fit for a buyer. Add requirements like a two car garage of finished lower level and the slice of condos available drops rapidly. Mason condos continue to be very appealing because their entry level price point to Mason is generally significantly less than that for a Mason single family home.
So what does this mean to you as a Mason condo owner? The stats for April were still mixed and we suspect much of the target market is just now returning to the area for the warmer spring and summer months. weren't encouraging overall for Mason condo sellers. The consistency between Average and Median prices is a good sign, along with the decrease in days on market. If you're in one of the developments with new construction, you're going to have an uphill battle selling against the brand new condos being built. Whether now is a good time to enter the market is still a case by case decision that we can help you make.
For an evaluation of your home's marketability, please contact us.
So what does this mean to you as a potential Mason condo buyer?
Pretty much the same as last month for Mason condo buyers. It's still a good time to buy a Mason condo although the selection is rather limited. Realistically, depending on your specific needs, it's not going to take long to determine if there is a match for you available. The Mason condo price range allows for entry level and luxury level condos, with older condos available on the lower end of the price point, or upscale new construction available in the mid to high $200s and into the $300s. It may only take one or two trips out to see all the condos that might fit your needs. Check the search links below to view Mason condos currently for sale (the results include ACTIVE and PENDING, so look under the left photo in the results to distinguish).
Search Mason Ohio Condos For Sale Under $150000
Search Mason Ohio Condos For Sale $150000 to $300000
Search Luxury Mason Ohio Condos For Sale $300,000 And Up
For new construction Mason condos, don't assume you get a price break by going directly to the builder without an agent. Your reputable builders have the cost of our services built into their price and they don't give you a discount for going unrepresented.
If you're interested in buying a Mason condo, please contact us with your needs and we'll help you find the right Mason community for you!
Serving Mason's condo buyers and sellers,
Liz and Bill aka BLiz
March 2013 Mason Condo Market Report
February 2013 Mason Condo Market Report
January 2013 Mason Condo Market Report
December 2012 Mason Condo Market Report
November 2012 Mason Condo Market Report
October 2012 Mason Condo Market Report
September 2012 Mason Condo Market Report
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