Mason Ohio 45040 Condominium Market Report November 2013

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

Mason Ohio 45040 Condominium Market Report November 2013

7609E Mansion Circle Mason OH 45040 condo we listed and sold in July 2012.The weather has been topsy turvy, from 60's to snow as I type.  Has the Mason Ohio condo market been as confused?  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 November 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:  14 (0 Bank/Government Owned, 1 Short Sale) DOWN 3

Average Price:  $129,136 DOWN $6kA Mason Condo in Oakwood Lakes

Median Price:  $117,250  DOWN $2k

Days on Market Average for SOLD:  61  DOWN 7

Condos Active 12/6/13:  65  DOWN 3

Condos Pending 12/6/13:  21 DOWN 4

Average Sales/List %:  96.5%  UP .3%

Most Expensive Condo Sold:  $247,500

Least Expensive Condo Sold:  $65,000

 

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

In a word:  SHRINKING.  Fewer condos for sale, fewer condos SOLD, and fewer condos PENDING (under contract).  Average and Median sales prices also shrunk, but only SLIGHTLY.  No really top end condo sales this month, so the slight decrease in sales prices is to be expected.  Three condos sold for less than $100k and only one above $200k.  Yet with all these mentions of shrinkage (can't type that word without a nod to George Costanza), the Mason condo market is NOT bad!  It's actually pretty stable for this time of year.  Median price and quantity of Mason condos sold is actually within the range of the past months AND past Novembers.  

The time on market decreased a bit (good) AND sellers got slightly more of their asking price (also a positive).

4261 Eastlake Dr Mason OH 45040  condo soldSo what does this mean to you as a Mason Ohio condo owner?   We're experiencing the typical cold month slowdown in condo sales.  SOME condos will sell, just not as many as the summer months.  Prepare your condo for sale, price well and hire a team like us that knows how to market AND sell Mason condos and you can make that move you want to 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? 

As a buyer, you have to like the price discount versus a Mason single family home.  You get the benefits of Mason life, but no yard care on a hot summer day!  While a luxury condo might cost you close to the price of a lower end Mason single family home, for the most part you're going to be living well for under $200k, and if you have simple needs there are older condos available sub $100k. 

The Mason condo market has something for each end of the price range AND the points in between.  The Mason condo market is a bit scarce on inventory, so it won't take long to determine if there's a Mason condo on the market that fits your needs.  One or two trips out and you're either going to have found your Mason condo to call home or know there's nothing out there that works for 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 

October 2013 Mason Condo Market Report

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
2,319,302
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

BLiz: An excellent analysis of the Mason Ohio Condo Market.  With limited inventory available, it is a good time for sellers to call you and see if the timing is right to get their property listed and sold.

Dec 06, 2013 06:23 AM #1
Rainmaker
1,291,187
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

BLIZ~ now this is how it is done......I am paying a lot of attention to the way you "brilliantly" have posted this information...I hope more homeowners decide to get in on the action.....

Dec 06, 2013 06:48 AM #2
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I agree with Jon you are the REALTORS that rock market reports!  Have a great weekend my friends.

Dec 06, 2013 07:21 AM #3
Ambassador
2,737,395
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Anita, The limited inventory does offer a prime opportunity for those wanting to sell.

Jon, Thanks!  We go full detail :)

John, Thanks for the endorsement!  Hope you and Debbie have a great one too!  We're settling in while the snow continues to fall.

Dec 06, 2013 09:25 AM #4
Rainmaker
2,284,201
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Outstanding job with your report on the condo market in Mason. You are the right choice to represent buyers and sellers in the community.

Make it a great weekend!

Dec 06, 2013 06:27 PM #5
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)

Joe, Thanks!  We've had success with Mason condo sellers and buyers.  All three of the individual pictures in this post are Mason condos we've sold for our sellers.

Dec 06, 2013 08:55 PM #6
Rainmaker
763,002
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Bliz, What an AWESOME report! Impressive! I've got to work on a simple table form to show the happenings in my condo market...It's almost a nightmare to keep up and do posts for individual buildings, especially when some of them have no inventory, or perhaps just one sale! 

Love the charts! 

Dec 06, 2013 09:43 PM #7
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I didn't realize Mason was on the top 10 list of Best Places. That is great and can only help get you looks from relocating buyers across the country. Is Mason near Howard Taft birthplace? It just sounds familiar. 

Dec 07, 2013 02:04 AM #8
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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)

Thom, Thanks!  Almost time to start squeezing in the 2014 data!  I don't envy you the Atlanta condo market with such specific "neighborhoods" as one building.  A bear to provide continuous information on.

Debbie, It is.  Cincinnati is home of William Howard Taft's birthplace and we're within about 20 miles of downtown Cincinnati.  Basically a bedroom community for Cincinnati (and Dayton also).

Dec 07, 2013 02:27 AM #9
Rainmaker
431,288
Mitch Muller - Charlotte NC Real Estate
ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com - Charlotte, NC
Certified Residential Specialist

WOW, what a great report! I got some work to do on mine! :-)

Dec 07, 2013 06:50 AM #10
Rainmaker
1,334,748
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Bill and Liz - Another great real estate market update for condos in Mason Ohio.

Dec 07, 2013 10:07 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)

Mitch, Fortunately once we set up the templates they're not so bad to update.

Michelle, Thanks!  Mason condos are a core part of our market.

Dec 07, 2013 10:55 AM #12
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