Mason Ohio 45040 Condominium Market Report April 2014

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

Mason Ohio 45040 Condominium Market Report April 2014

7609E Mansion Circle Mason OH 45040 condo we listed and sold in July 2012.The weather has warmed, Spring is here!!!  After the Winter that just wouldn't seem to end the arrival of the blooms and green is quite welcome!  Has the warmer temps put the bloom on the Mason Ohio condo market?  For more details, stay with us for the whats, whys and hows!  And a bonus at the end, easy to use Search For Mason Ohio Condos For Sale links!

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 #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!

Oakwood Lakes condo community of Mason Ohio 45040

Oakwood Lakes, 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 to present:
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:  19 (0 Bank/Government Owned, 0 Short Sale) FLAT

Average Price:  $132,350 DOWN $7kA Mason Condo in Oakwood Lakes

Median Price:  $115,000  DOWN $10k

Days on Market Average for SOLD:  81 DOWN 17

Condos Active 5/9/14:  64  UP 13

Condos Pending 5/9/14:  33 UP 2

Average Sales/List %:  96.5%  DOWN .9%

Most Expensive Condo Sold:  $279,900

Least Expensive Condo Sold:  $71,000

 

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

Key takeaways this month: 

  • Sales flat compared to March, but still better than most Aprils
  • More inventory to select from, but still fairly limited
  • Prices shifted down slightly, but there was a LOT of bargain condo shopping, with 6 of the 19 sales below $100k.
  • Mason condos are selling faster, but not nearly as fast as Mason single family homes. 

Distressed (foreclosures and short sales) are having minimal impact, with none of the 19 sales falling into the distressed property category.  Of the 64 Mason condos for sale there are 2 foreclosures and 2 potential short sales.  So if bargain hunting is your thing, you may be disappointed with the Mason condo market.

And there is still some room for negotiating, with a few percent difference between condos sold and asking price. 

4261 Eastlake Dr Mason OH 45040  condo soldSo what does this mean to you as a Mason Ohio condo owner?   Not much has changed since last month other than you have slightly more competition than last month.  There are quite a few condos in the sub $100k category, but as you head up market the selection thins out.  However, as you move towards the $300k range, you're competing head to head with the new construction in Beacon Hill, The Woods on Wilkens and other area new condo communities.  And there's new construction ranch condos being planned for Lakeside Cove in Hunter's Green starting at around $290,000.

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? 

Not much changes here.  There's limited inventory, but slightly better than March.  It really won't take long to find out if there's a match for you currently for sale!   If you HAVE to have a Mason home, but can't afford the pricing premium for a regular single family home, Mason condos make a great alternative (but don't forget to factor in the HOA fees).  Use our links below to check availability for your price range. 

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 513-520-5305 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 2014 Mason Condo Market Report

February 2014 Mason Condo Market Report

January 2014 Mason Condo Market Report

December 2013 Mason Condo Market Report

November 2013 Mason Condo Market Report

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
331,098
Bruce Swedal
Denver, CO
Denver Real Estate

Nicely done! I enjoyed reading about your market and you sure do know the area. Buyers and sellers should look you up.

May 09, 2014 12:26 AM #1
Rainer
355,932
Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

BLiz, I always enjoy reading your market reports...really! It looks to me that you are still in a pretty strong seller's market. All the more reason to work with the both of you to obtain the best possible result--buying or selling!

May 09, 2014 12:44 AM #2
Ambassador
2,724,953
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Bruce, We work hard to keep up with the latest trends!

Tom, What's hidden is the new construction condos are doing pretty well.  Since most of them don't get reported via MLS, there's actually more price activity on the high side than we can readily portray.  The market in Mason is good, but resales in the $200's can be challenging.

May 09, 2014 12:55 AM #3
Rainmaker
350,532
ReadySetLoan Condo Approval Team
ReadySetLoan Condo Team LLC - South Windsor, CT
The FHA/VA Condo Project Approval Specialists

BLiz - You always put together such exhaustive market data reports.  Of course, I am most interested in the condos

May 09, 2014 01:25 AM #4
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)

Eric, Mason condos are a smaller part of our area market, but we always appreciate the opportunity to help Mason condo buyers or sellers.  We try to hit all the key info we foresee buyers or sellers wanting to know.

May 09, 2014 01:32 AM #5
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