Mason Ohio 45040 Single Family Home Residential Market Report August 2013

By
Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

Mason Ohio 45040 Single Family Home Residential Market Report August 2013

Mason single family homes Summer is winding down.  Is the Mason Ohio real estate market cooling?  We think you'll be pleasantly surprised with the overall news!  Stay with us for the full details and the best advice we can provide, and some Search For Mason Ohio Homes For Sale links at the end!

There is no change in why Mason continues to outperform the majority of the Warren County real estate market, especially for Mason single family homes.  There's a host of reasons why Mason stays in high demand*, and inventory seems to be tightening up in the prime communities! 

Mason is home to many professionals and upper management, is culturally diverse and as such is more resistant to market changes than other market segments. 

We'll cover Mason condos in our Mason Ohio 45040 Condo Market Report August 2013.

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

*With Mason being named #7 on the Money Magazine Top 50 Best Small Towns To Live list for 2013 & #100 Safest Place to Live by NeighborhoodScout, Mason has received recognition confirming it as a great place to call home!  With top notch public schools, extensive entertainment and dining options, and a premier community center combined with superb accessibility to downtown Cincinnati, Mason continues to be THE hot area to live in Warren County.
Parkside community of Mason Ohio 45040

Parkside, another Mason pool & park community to call home!

Mason offers a full range of price points and new construction is becoming more readily available.  There are a number of older developments featuring 1950s and 1960s vintage brick ranch homes to the other end of the spectrum with golf course community homes in excess of $1 million dollars!  In general, you can expect to pay a premium for Mason homes when compared to communities further away from Cincinnati.

So, on to the data!
 
First up is the number of Mason single family homes sold on a month by month basis for 2010, 2011, 2012 and 2013:

Mason Single Family Home Market Report

Next is the Mason median price summary chart.

Mason Single Family Home Market Report

 

Mason Single Family Home Category Data Summary:

Homes Sold:  76  (3 Bank/Government Owned, 1 Short Sale)  UP 6

Average Price:  $285,514  DOWN $32kMason Ohio Home

Median Price:  $254,500 DOWN $26k

Days on Market Average:  67 UP 25

Homes Active 9/7/13:  187 DOWN 5

Homes Pending 9/7/13:  93 DOWN 16

Average Sales/List %:  97.5% UP .9%

Most Expensive Home Sold:  $877,800

Least Expensive Home Sold:  $38,875

 

So what does this all mean?   We know, seems like more of the DOWN market trends from last month, right?  Are the good times coming to an end?  Not hardly!  Mason single family homes sales volume was still STRONG, one of the best single months since 2010.  Now prices?  That seems to be a different story, but the story behind it has many chapters.  Fact is, Mason is a very striated market, with quite a few price tiers.  Take a look at the difference between the most and least expensive homes sold last month, and frankly that most expensive home was "cheap" this month, because normally that slot is occupied with a seven figure home.  Even with the high volume of 76 Mason single family homes sold, it doesn't take all that much to tilt the sales price results one direction or the other.

What we keep witnessing hasn't changed, Mason single family homes that are in great condition, newer (less than 15 years old) and in solid neighborhoods still sell FAST, especially if they're priced under $300k.  The overall inventory is shrinking, leaving more demand for the prime houses for sale!  187 homes for sale might sound like a lot, but take a few slices for price, location & features and you may be down to a handful of candidates.

So what does this mean to you as a Mason Single family home owner?  Not much has changed from last month.  Decrease inventory is your ally.  Fewer homes for sale means buyers must take a look at you, and did you see the 97.5% sales to list percentage?  Killer, right??  But of course that means pricing right and competitively right from the start!  Prep for optimal condition and marketing and you can expect success in the Mason single family market.  But understand, it may STILL take several offers to get one that works for you.  Trust us, lowball offers are still alive and well!

And new construction is busy, so consider if new construction will be competition for you.  Most buyers still prefer building it to THEIR custom tastes rather than someone else's. 

For an evaluation of your home's marketability, please contact us.   And of course your personal circumstances will have impact.  We'll give you the best best advice, whether to start now, or delay until the market better suits your needs.

So what does this mean to you as a potential Mason home buyer?  We're not changing our advice.  Those price drops can be deceiving.  Certain segments of the Mason single family home market are tougher sales, but overall Mason home sellers are the ones with the handful of aces to your kings.  A fair price will get you a home to call your own.  While the occasional low ball offer may succeed, in Mason they're becoming the rare exception.  While there's a little room for discussion and negotiation, don't expect the sellers to be falling all over themselves to get a deal done with you if you're not bringing them a strong offer.  They know another offer will come in due time.    Also, don't expect a huge selection of distressed properties.  There are only 12 foreclosure/short sale homes on the Mason market and not under contract as of 9/7/13.

Don't expect overall prices to continue to drop, because there's no driving reason to push prices down.  In most neighborhoods, prices are increasing or at least holding steady.  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 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 

July 2013 Mason single family home report

June 2013 Mason single family home report

May 2013 Mason single family home report

April 2013 Mason single family home report

March 2013 Mason single family home report

February 2013 Mason single family home report

January 2013 Mason single family home report

December 2012 Mason single family home report

November 2012 Mason single family home report

October 2012 Mason single family home report

September 2012 Mason single family home report

August 2012 Mason single family home report

July 2012 Mason single family home report

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Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Rainer
258,539
Matt Kombrink
RE/MAX All Pro - Saint Charles, IL
Your #1 Source For Real Estate
Wow, you seem to have covered it all. You sound like a true area expert. Keep educating!
Sep 08, 2013 12:25 AM #8
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Good Morning, Bliz, The folks in Mason, Ohio can never be disappointed with the facts about their local market with you guys giving them these excellent reports. Keep up the Great Work!

Sep 08, 2013 12:32 AM #9
Rainer
220,151
Suzanne Otto
Six Twenty Designs - Lansdale, PA
Your Montgomery County PA home stager

Liz and Bill Spear are the go to real estate team if you're looking to buy in Mason Ohio!

Sep 08, 2013 01:02 AM #10
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The definitive "go to" source for this subject and area well presented...good job

Sep 08, 2013 01:36 AM #11
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Ed, We'll keep putting the info out there!

Mitch, Thanks!  We try to provide the info we think buyers and sellers can use.

Jennifer, We do tend to flatten out a bit after the peak summer months (at least historically).  Schools are back in session, and many buyers try to beat the back to school deadline.  It will be interesting to see how next month performs relative to past years.

Jeffrey, Thanks!  Blogging works, and market reports are a great way to get the info out there.

Matt, I like the data and it's ability to give us trends.  It pays off for our clients.

Jerry, The facts give us a good framework to understand what is going on.

Suzanne, Thanks for the endorsement!

Richie, Thanks!  We try to be thorough.

Sep 08, 2013 02:06 AM #12
Rainmaker
3,021,913
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I really like the introduction to your market report. i see so many with just numbers that it makes yours stand out. have a good Sunday

Sep 08, 2013 04:00 AM #14
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Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

Another fabulous Mason OH Real Estate Market Report that is thorough and to the point.  For those looking to buy or sell in Mason OH, getting with the Liz and Bill Spear Team of RE/MAX Elite is the only way to go :)!!

Sep 08, 2013 05:15 AM #15
Rainmaker
318,971
Tamara Inzunza
RE/MAX Executives - Alexandria, VA
Close-In Alexandria and Arlington Living

Great report, I like how you also include links to your previous posts.  A great way for buyers in Mason OH to follow the trends.

Sep 08, 2013 05:40 AM #16
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Scott, Mason attracts a fair number of out of town relocation buyers, so a bit extra to advocate for choosing Mason as the place to live.

Brenda, Thanks for the endorsement!

Tamara, We figure we can make it easy for anyone that wants to see the past context reviews.

Sep 08, 2013 05:48 AM #17
Rainer
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Jay & Michelle Lieberman
Keller Williams World Class - Agoura Hills, CA
Creating Calm in the Buying and Selling Chaos

Wow.  What an active July and August out there in Mason.  Nice sales quantity numbers.

Sep 08, 2013 09:09 AM #18
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Jay & Michelle, Mason is typically the community leader in our county for driving the market.  They're the most in demand, and have the highest concentration of upper end homes.

Sep 08, 2013 09:13 AM #19
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

You and Anita Clark have got this market report thing down!! Great job!!

Sep 08, 2013 11:50 AM #20
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M
BLiz - Terrific information for both buyers and sellers in Mason Ohio.
Sep 08, 2013 12:03 PM #21
Rainmaker
1,317,551
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This is a very nicely done market report.  I hope that the trend continues.  I looks like the market in Mason OH is well on the way to recovery.

Sep 08, 2013 12:19 PM #22
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Joni, Thanks!  We've got our general templates for each community and customize from there.

Christine, Thanks!  We try to provide what both segments of the public need to make an informed decision.

Joan, The Mason market is doing well, although obviously the high end segment is a bit slower to come back in full force.

Sep 08, 2013 08:18 PM #23
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Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Some pretty good years of market data you have for Mason OH. Good job!

Sep 08, 2013 08:33 PM #24
Rainmaker
628,000
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Great Marketing Report for Mason Ohio and congrats on it being named #7 on the Money magazine Top 50 Best Small Towns to Live list for 2013 & #100 Safest Place to Live by Neighborhood Scout!

 

 

Sep 08, 2013 09:50 PM #25
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Loreena, We figure this amount of data provides good context for the recent info.

Carla, It's a wonderful award for Mason and something we intend to make full use of in our marketing :)

Sep 08, 2013 11:44 PM #26
Rainmaker
1,304,481
Charles Stallions Property Manager
Charles Stallions Real Estate Services - Pace, FL
Pensacola, Pace & Gulf Breeze Property Management

Hi Liz and Bill, great report and should be most helpful to the folks in Mason

Feb 26, 2014 11:41 AM #27
Ambassador
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Michelle, Thanks!  Almost time to start another round of reports, this short month has gone by pretty quickly!

Feb 26, 2014 07:21 PM #28
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