What's My Mason Ohio Condo Worth? November 2016

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

 The Mason Ohio condo market is almost nonexistent at this point 7609E Mansion Circle Mason OH 45040 condo we listed and sold in July 2012.because there are almost no Mason condos left to buy!  We're down to an even dozen not under contract, and condos coming on the market are moving SUPER FAST, with half of them under contract in 4 days or less! So key nugget from that fact?  MOVE FAST if you're looking to buy!  The edge is definitely to the seller who has an appropriately priced condo in move in ready condition. Mason condo buyers had best act fast on the best condos or you'll miss your chance. 

Stay with us for the whats, whys and hows of the Mason condo market!  And a bonus at the end, easy to use Search For Mason Ohio Condos For Sale links!  And if you want to know How Much Is My Mason Condo Worth?, just click the link, fill out the form and we'll be in touch soon!

If you're interested in the Mason Ohio Single Family Home Update for November just click the link for the details.

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

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 and even $400k price point.  So whether you want an economy condo, or the luxury version, we can help you find the right Mason condo for you!

Our listing at 6483 Partridge Way in Hunters Green

Our listing in Villas of Hunters Green, 6483 Partridge Way  SOLD !

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 Ohio condo sales

Mason Condominium Data Summary:

Condos Sold:  14 (0 Bank/Government Owned, 0 Short Sale, 0 New Construction) DOWN 8

Average Price:  $155,929 DOWN $16kA Mason Condo in Oakwood Lakes

Median Price:  $164,500 UP $11.5k

Days on Market Average for SOLD:  19 DOWN 29 (Median 4 Days)

Condos Active 12/8/16:  12* DOWN 7

Condos Pending 12/8/16:  28 UP 4

Average Sales/List %:  98.8%  UP .8%

Most Expensive Condo Sold:  $220,000

Least Expensive Condo Sold:  $87,000

 *There are two communities offering new construction condos and not all are listed in Cincinnati MLS so they're NOT included in the stats above and will also not show in the search links below.  If you're interested in new construction ranch condos at approximately $270-400,000 in price or patio homes in the $350-550,000 range, contact us at 513-520-5305 and we'll provide details.

 

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

Key takeaways this month: 

  • As we said before, almost no condos left to buy.  Of the 12, 2 are new construction and the bulk of them for sale are priced above $300k (think Beacon Hill townhomes).  Affordable condos in decent condition are moving FAST!! 
  • Average price dropped but that's due to none of the higher priced condos selling last month.  It's not an indication that condo prices are falling.   
  • 3 condos sold below $100k and 3 above $200k. 
  • 14 completed sales is a good month for this time of year and considering the lack of condos for sale.  28 under contract would indicate December will be close to the same number of completed sales.
  • This bears repeating from past months:  there ARE some new construction opportunities not reflected in the 12 condos for sale, but they're going to cost you around $300,000 or more.  Lakeside Cove, Fox Hollow and Beacon Hill offer new construction opportunities if you've got the budget for them.  Fyi, Lakeside Cove has poured all their foundations and is almost done with the community.  Immediately adjacent to Mason are some other new construction condos if being directly in Mason isn't a concern.  Contact us for details Liz@LizSpear.com or 513-520-5305.  Patio homes and condos are a specialty of ours.
  • Distressed condos (foreclosures and short sales) for sale are currently nonexistent.  None sold last month and none are currently for sale. 

 

4261 Eastlake Dr Mason OH 45040  condo soldSo what does this mean to you as a Mason Ohio condo owner?

Bottom line:  SELLERS HAVE THE EDGE!! With almost no condos for sale the good ones are being snapped up quickly and for very little discount off asking price.  Especially in the $225k and below price range.  Sub $100k condos that are not updated might take longer to sell.  

We have a solid track record for selling Mason condos, so we'd love to help you achieve your real estate goal of selling your Mason condo.

Mason condos will remain in demand because they're an affordable entry point into Mason living versus the average Mason single family home selling well into the $300ks.   The only niche that is a bit slower are the luxury Mason condos, as that segment is competing against new construction. 

For an evaluation of your condo's marketability, please contact us at 513-520-5305.  

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

NO CHANGE HERE EITHER:  The good condos are selling quickly and selection is VERY, VERY limited.  It won't take long to determine if there's a Mason condo that will work for you.  However, new construction is still a possibility and not all of them make it into MLS (and they're not cheap either).  We can help with those too, even if they're not in Cincinnati MLS.  We represent YOU and not the builder, and it costs you nothing extra to hire us to help you!  

If you HAVE to have a Mason home, but don't like 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.

And if you need an FHA loan to finance, quite a few of the condo communities are NOT eligible for FHA certification.  Check with us to verify the condo that interests you can be FHA financed.  The same applies for VA financing.

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

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

 

Recent Mason Condo Market Reports:

October 2016 Mason Ohio Condo Market Report

September 2016 Mason Ohio Condo Market Report

August 2016 Mason Ohio Condo Market Report

July 2016 Mason Ohio Condo Market Report

June 2016 Mason Ohio Condo Market Report

May 2016 Mason Ohio Condo Market Report

April 2016 Mason Ohio Condo Market Report

March 2016 Mason Ohio Condo Market Report

February 2016 Mason Ohio Condo Market Report

January 2016 Mason Ohio 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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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Beth and Richard Witt 12/09/2016 05:36 AM
Topic:
Real Estate Market Trends
Location:
Ohio Warren County Mason
Groups:
2016 Market Reports
Tags:
condo
market report
mason

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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for the market update. You do these very well and it is always important to know what is going on around the country - it gives a hint of what to expect in your own local market. 

Dec 09, 2016 03:38 AM #1
Rainmaker
974,759
Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

What an amazing market update... Folks living in your area and not using your service sure do make a very expensive mistake... 

Dec 09, 2016 05:32 AM #2
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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)

Lise, True, always good to understand if our area is acting differently than other areas of the country.

Beth, Thanks!  We love to help sellers make more and buyers pay less (depending on which side hired us of course!)

Dec 13, 2016 07:34 AM #3
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