Mason Ohio 45040 Condominium Market Report May 2014

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

Mason Ohio 45040 Condominium Market Report May 2014

7609E Mansion Circle Mason OH 45040 condo we listed and sold in July 2012.Summer is almost here!  And some days with the heat and humidity it feels like it's already here!  But Mason condo owners get to avoid some of those heat hassles with no mowing to do!  

How has the Mason condo market performed over the last month?  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 May 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:  21 (0 Bank/Government Owned, 0 Short Sale) UP 2

Average Price:  $170,743 UP $38.5kA Mason Condo in Oakwood Lakes

Median Price:  $165,000  UP $50k

Days on Market Average for SOLD:  84 UP 3

Condos Active 6/7/14:  67 UP 3

Condos Pending 6/7/14:  30 DOWN 3

Average Sales/List %:  96.4%  DOWN .1%

Most Expensive Condo Sold:  $258,700

Least Expensive Condo Sold:  $110,000

 

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

Key takeaways this month: 

  • Sales volume was in the typical range for a May.  When you look at the top chart you'll see that Mason condo sales can be a bit erratic.  
  • Don't think Mason condos have suddenly shot up in value because of those HUGE jumps in average and median prices.  What we have is a change in mix.  Most months there are some sub-$100k sales from some of the value priced condo developments.  Not this month.  A very consistent selection, with no sales below $100k and 6 sales above $200k.  That leads to higher price points for this month.
  • Mason condo inventory is still pretty limited.  About one third of all condos for sale are already under contract.
  • There's a little room for negotiation, but don't expect a huge discount. 

Distressed (foreclosures and short sales) are having minimal impact, with none of the 21 sales falling into the distressed property category.  Of the 67 Mason condos for sale there are 5 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?   Mason condo market conditions haven't changed from last month.  If you want to sell, you can.  However, if your condo is in the high $200's, you may still be challenged as you compete against new construction Mason condos for sale such as Beacon Hill and The Woods on Wilkens.  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? 

The biggest drawback to being a Mason condo buyer?  Limited selection.  When you narrow down the available 67 condos to the ones that have your "must haves" and in the communities you want, the selection can be very limited.  The good news?  It won't take long to determine if there's a good match for your needs!  

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 

 

April 2014 Mason Condo Market Report

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

Our Website:  www.LizTour.com

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Rainmaker
2,316,316
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Whatever your Mason Ohio real estate needs are, The Liz Spear Team can assist. Another quality market report for your local readers to peruse.

Jun 07, 2014 11:17 PM #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, you provide a wealth of information to prospective buyers--or sellers. Great job on the links for even more great information!

Jun 07, 2014 11:26 PM #2
Rainmaker
3,040,491
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I love the graphs and pictures, they sure make your report stand out. Have a great Sunday

Jun 07, 2014 11:31 PM #3
Rainmaker
1,675,419
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Good morning Bliz, Mason, Ohio sounds like it received it's due recognition. Congratulations and good luck with your sales in that area.  It should boost business, being recognized in the top 50 small cities.

Jun 08, 2014 12:11 AM #4
Ambassador
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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

I love the collage showing off the Mason County Oakwood Lakes Community!

Jun 08, 2014 08:41 AM #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)

Anita, Thanks!  We're determined to provide useful information to area home buyers and sellers and look forward to helping them further.

Tom, Everyone wants easy to search homes for sale, and we've got them :)

Scott, And once set up they're easy to maintain!  The biggest change is adding a new year to them each February.

Larry, Mason is HIGH demand for buyers.

Judi, Thanks!  We like to spotlight area communities in our reports.  Some months we change, other times we carry over from the previous report.

Jun 08, 2014 08:53 AM #6
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