Mason Ohio 45040 Single Family Home Residential Market Report April 2014

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

Mason Ohio 45040 Single Family Home Residential Market Report April 2014

Mason single family homes Fire up the lawnmowers!  Spring is here and you can't miss the signs!  And we're seeing some real sizzling heat in some segments of the Mason real estate market (more on that later!).  So how's the Mason real estate market?  Stay with us for all the details and even Search 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 April 2014.

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.

Hickory Woods community of Mason Ohio 45040Hickory Woods, another Mason 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 through present:

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: 42 (1 Bank/Government Owned, 2 Short Sale)  DOWN 2

Average Price:  $318,725  UP $1kMason Ohio Home

Median Price:  $289,000 DOWN $7k

Days on Market Average:  58 DOWN 9

Homes Active 5/9/14:  176 UP 9

Homes Pending 5/9/14:  111 UP 20

Average Sales/List %:  95.8% DOWN .4%

Most Expensive Home Sold:  $830,000

Least Expensive Home Sold:  $72,500

 

So what does this all mean?   What are the key takeaways this month?

  • April was flat compared to March.  Almost the same sales volume, same average price, same median price.
  • April was also consistent with past Aprils for sales volume and median price.
  • There's an absolutely sizzling section of the market, and that's newer homes in the $200-350,000 price range.  You won't detect it in the stats above, but the best of theses homes are going under contract in single digit days.  HIGH DEMAND!  And we're seeing prices shift up for that segment as multiple offers push the envelope.
  • Luxury resale homes are still lagging, but new construction luxury is still doing well.
  • Pending sales went up significantly, and the percentage of homes for sale under contract is the highest we've seen for any of our Warren County market reports.
  • And the biggest takeaway of all?  The pendulum has shifted from the buyers to Mason home sellers!

The fact that only 3 of the 42 homes sold was in the distressed category, and only 11 of the 176 for sale are in the distressed category should give you a clear picture that Mason home owners are good at financial stability.  Distressed properties are rare.

The luxury market continues to lag with only 4 of the 42 homes sold above $500k, but that makes sense too.  Fewer buyers have the ability to make those purchases, and there's more going on than the MLS story tells, with non-MLS new construction doing well.

So what does this mean to you as a Mason Single family home owner?  NO CHANGE IN PAST ADVICE:  It continues to be great to be a Mason home seller PROVIDING you price it right, have a listing agent that markets your home to appeal to the buying public and you don't have condition/location issues.  There's VERY limited inventory so you've got some leverage when it comes to offers and negotiations.  Some homes priced at/slightly below market value are getting flooded with buyers almost as soon as they're in MLS. Some communities are pushing prices UP past recent historical sales prices.

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?  No change here either.   Low inventory.  High demand communities.  For homes in the hot segment of the market, you better get there quickly and come with a strong offer.  We're seeing VERY little negotiation and some homes selling at or above full list!  If you're looking for a buyer's market, you missed it!  Thinking about making an offer, or spending excessive time negotiating may be just the ticket for another buyer to step in and win the home you wanted. 

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 at 513-520-5305 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 

March 2014 Mason single family home report

February 2014 Mason single family home report

January 2014 Mason single family home report

December 2013 Mason single family home report

November 2013 Mason single family home report

October 2013 Mason single family home report

September 2013 Mason single family home report

August 2013 Mason single family home report

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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Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Very nice report, yes my lawn is finally ready for its first mowing. Something i didnt look forward to but happy spring finally arrived, 

May 09, 2014 12:41 AM #1
Ambassador
2,735,521
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Scott, Mowing is on my weekend list assuming we don't get too much rain.  The grass is getting high and the Chihuahuas are taking machetes out with them!

May 09, 2014 12:59 AM #2
Rainmaker
2,318,777
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

You can't get this type of detailed information about the Mason Ohio real estate market from just any agent...this type of quality information is available from The Liz Spear Team. Call them and see how they can assist with your real estate needs.

May 09, 2014 08:04 AM #3
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2,735,521
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Anita, We try to provide thorough information and interpretation of the market moves!

May 09, 2014 11:23 AM #4
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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Mason, Ohio is the marketplace where Liz and Bill Spear shine.. if you're looking for a home in Mason, Ohio, you really need to call the Spear team. 

May 09, 2014 12:36 PM #5
Ambassador
2,735,521
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Judi, And of course we're happy to help!

May 10, 2014 05:13 AM #6
Rainmaker
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Bobbie Smith
Stroudsburg, PA
570-242-1891

Fantastic Market Report Bliz! Your market reports are so comprehensive in the data you cover. Consumers are sure to know that you are the Experts and to call you!

Happy Mothers Day Liz!

May 10, 2014 11:59 AM #7
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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)

Bobbie, We try to go full scale with these!  Happy Mother's Day to you too!

May 10, 2014 12:01 PM #8
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