Mason Ohio 45040 Condominium Market Report October 2013

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

Mason Ohio 45040 Condominium Market Report October 2013

7609E Mansion Circle Mason OH 45040 condo we listed and sold in July 2012.We've entered the cooler season and Daylight Savings Time has brought the dark early.  Has the Mason Ohio condo market started a winter slumber, or still vibrant? Stay with us for the latest info on the Mason 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 October 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 #7 on the Money Magazine Top 50 Best Small Town Places To Live list for 2013, 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!

Harbourwatch condo community of Mason Ohio 45040

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:
Mason Ohio Condominium Market Report
Next is the Mason condo median price summary chart.
Mason Single Family Home Market Report
Mason Condominium Data Summary:

Condos Sold:  17 (1 Bank/Government Owned, 0 Short Sale) DOWN 6

Average Price:  $137,485 UP $8.5kA Mason Condo in Oakwood Lakes

Median Price:  $119,250  DOWN $6k

Days on Market Average for SOLD:  68  UP 8

Condos Active 11/8/13:  68  DOWN 4

Condos Pending 11/8/13:  25  UP 2

Average Sales/List %:  96.2%  UP 2.8%

Most Expensive Condo Sold:  $316,393

Least Expensive Condo Sold:  $30,800

 

So what do the stats indicate about Mason Ohio condo sales? 

Overall, the Mason condo market is a bit mixed.  There was quite a bit of bargain shopping last month with 5 of the 17 condos sold under $100k, and the one condo sold for $30,800 was an auction of a condo worth about twice that but with the baggage of a tenant that might need evicted!  So definitely a special circumstance, but nonetheless it does still count in the market stats!  On the other hand, the $316k sale helped pull the average up, so put those circumstances together you get the average moving up and median down!

The time on market increased a bit, but condos under contract increased slightly and considering the "usual" dip in sales for the winter monthes, that 25 bodes VERY well for the next month.  As you can see, there's some negotiating room between list price and final sales price. 

4261 Eastlake Dr Mason OH 45040  condo soldSo what does this mean to you as a Mason Ohio condo owner?   Overall the Mason condo market is stable in it's own way.  With the wide variation in pricing and relatively low volume, the data can shift rather easily just based on the balance of whether the lower end or higher end condos sold more in a given month. 

Traditionally the upcoming months will be slower, but only the future will tell the full story.  Mason condos DO sell throughout the year, so if you have the patience to work the winter months, your sale CAN still happen. 

For an evaluation of your home's marketability, please contact us.  

So what does this mean to you as a potential Mason condo buyer? 

As a buyer, there continues to be good opportunity for buying a Mason condo.  Comparing the pricing of Mason condos to Mason single family homes there's a significant opportunity to live in Mason WITHOUT nearly the expenditure.

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 

September 2013 Mason Condo Market Report

August 2013 Mason Condo Market Report

July 2013 Mason Condo Market Report

June 2013 Mason Condo Market Report

May 2013 Mason Condo Market Report

April 2013 Mason Condo Market Report

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

August 2012 Mason Condo Market Report 

July 2012 Mason Condo Market 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

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Rainmaker
3,248,758
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Liz and Bill

The 2013 year to date real estate market report  the condominium market in Mason Ohio 45040 is looking good.

Good luck and success.

Lou Ludwig

Nov 08, 2013 08:04 AM #1
Rainmaker
343,918
Stephen Howell
Coldwell Banker Residential Brokerage - Annapolis, MD
Annapolis MD Homes For Sale 443-994-8043

Bill/Liz this is a very comprehensive and informative report.  Thank you for sharing this information about the Mason Ohio condo market.

Nov 08, 2013 08:18 AM #2
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)

Lou, Overall it has been a good year for the Mason condo market.

Stephen, We try to provide everything we think buyers and sellers are hoping to find.

Nov 08, 2013 08:36 AM #3
Rainmaker
423,831
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

Liz and Bill, this is a great market report for your area.  Hopefully winter will not hinder your efforts.  I love the photos you have shared.

Nov 08, 2013 08:47 AM #4
Rainmaker
3,050,161
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have to say what a nice report, so easy to read and the graphs really pop out. I sure wish we had some more condos here to sell, we have a shortage of homes to sell.

Nov 08, 2013 09:04 AM #5
Ambassador
2,734,593
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Jean, The condo market is somewhat influenced by snowbird activity, and it's about time for some fo the buyers (and owners) to head south!  We had frost on the windshield this morning!

Scott, Thanks!  The charts are easy to update now that they're set up and hard to believe it's almost time to start adding 2014 data!

Nov 08, 2013 09:12 AM #6
Rainmaker
1,675,429
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Liz and Bill,  Great report. Great Report, Great Report.  I like the lighthouse entrance too.

Nov 08, 2013 10:25 AM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

BLiz

What a terrific market report for Mason. Not only is it chock full of information about the market but you've given buyers great insights into the value of a Mason condo and the reasons to purchase in this community.

Jeff

Nov 08, 2013 02:51 PM #8
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning, Bill and Liz. What a terrific looking marketing report! I do not know which of you on the team puts these together but those really are done top notch. I can tell by the quality of your reports that you are both quality people.

Nov 08, 2013 05:48 PM #9
Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

BLiz, you highlight and report the Mason market with great information for all sellers and buyers on condos.

Nov 08, 2013 08:39 PM #10
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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)

Larry, Thanks!  That lighthouse adds more flair than most subdivision entrances!

Jeff, We like to provide context and we also assume readers may be thinking about condo communities outside of Mason, so have to advocate for our area :)

Michael, Quality work is part of what our reputation rides on.  Whether blogging or marketing our homes, we need to keep the level high.

Ginny, We like to give them a solid insight into the market performance.

Nov 08, 2013 09:26 PM #11
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