Springboro Market Update for August 27th 2008

By
Real Estate Agent with Century 21 Elite Performance

 

Out of 412 Homes currently on the market, there are still 157 homes listed from $250,000.00 to $400,000.00 thus accounting for close to 40% of all homes currently listed in the BORO.  Interestingly enough if you were to look at the average home price in Springboro in 2003 and compare it to 2008 it actually shows a rate of APPRECIATION of 3%.  That number is decieving however in that we're still seing price drops of $60,000.00 to $100,000.00 in homes originally priced in the $400,000.00 to $600,000.00 price range.  The past few months those kind of price drops have leveled out - fortunatlely for the sellers and the market as a whole and in the Boro we seem to be at or getting close to our markets bottom.  Only time will tell but I will continue to keep you informed.  As always if you have any questions regarding these market numbers or if you want help pricing your home simply give me a call at 937-902-0191.

Active: 412  Pending: 42  Sold: 216  Other: 230  Total: 900

   Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  Days on Market
 Minimum  1   0.00   0   $0   $7,000   0 
 Average  4   0.00   2,731   $315,062   $270,009   136 
 Median  4   3.00   2,016   $269,900   $235,375    106 
 Maximum  8   0.00   8,707   $1,400,000   $1,275,000   892 
 Total Dollar Value           $58,321,972   
 
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings   10    48    33    29    96 
 Breakdown %   4.63    22.22    15.28    13.43    44.44 
 Avg SP % LP   95.70    97.86    95.84    96.72    95.53 

 

Active
Listing Price Range  Quantity      Average DOM  
$80,000 thru $89,999 1 310  
$100,000 thru $119,999 5 114  
$120,000 thru $139,999 25 141  
$140,000 thru $159,999 8 100  
$160,000 thru $179,999 25 103  
$180,000 thru $199,999 25 78  
$200,000 thru $249,999 77 122  
$250,000 thru $299,999 64 134  
$300,000 thru $349,999 57 145  
$350,000 thru $399,999 36 149  
$400,000 thru $449,999 15 92  
$450,000 thru $499,999 21 138  
$500,000 thru $549,999 8 108  
$550,000 thru $599,999 11 167  
$600,000 thru $649,999 7 181  
$650,000 thru $699,999 2 31  
$700,000 thru $749,999 5 106  
$750,000 thru $799,999 6 104  
$800,000 thru $849,999 5 106  
$850,000 thru $899,999 5 137  
$950,000 thru $999,999 2 47  
$1,250,000 thru $1,499,999 2 63  
  412 127  
 
Summary Price Information
Minimum  $84,900 Maximum  $1,284,000
Average  $330,638 Median  $279,900

Pending
Listing Price Range  Quantity      Average DOM  
$50,000 thru $59,999 1 41  
$60,000 thru $69,999 1 34  
$90,000 thru $99,999 1 84  
$100,000 thru $119,999 3 71  
$140,000 thru $159,999 3 17  
$160,000 thru $179,999 2 114  
$180,000 thru $199,999 5 88  
$200,000 thru $249,999 9 98  
$250,000 thru $299,999 6 64  
$300,000 thru $349,999 6 128  
$350,000 thru $399,999 1 366  
$500,000 thru $549,999 1 20  
$600,000 thru $649,999 2 114  
$750,000 thru $799,999 1 12  
  42 89  
 
Summary Price Information
Minimum  $58,000 Maximum  $795,000
Average  $259,812 Median  $221,400

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
Copyright ©2008 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 08/28/08 at 1:36pm
Property Type  Residential    Property Subtype  Single Family   Transaction Type  Sale    Area  Spring-Clearcreek SD Statuses  Active, Pending (3/1/2008 or after) , Expired (3/1/2008 or after) , Sold (3/1/2008 or after)

Sold
Selling Price Range  Quantity      Average DOM  
$19,999 or under 1 101  
$70,000 thru $79,999 2 41  
$90,000 thru $99,999 4 117  
$100,000 thru $119,999 8 104  
$120,000 thru $139,999 10 113  
$140,000 thru $159,999 10 113  
$160,000 thru $179,999 18 83  
$180,000 thru $199,999 17 135  
$200,000 thru $249,999 51 126  
$250,000 thru $299,999 37 141  
$300,000 thru $349,999 15 202  
$350,000 thru $399,999 13 138  
$400,000 thru $449,999 9 166  
$450,000 thru $499,999 6 112  
$500,000 thru $549,999 3 132  
$550,000 thru $599,999 4 189  
$600,000 thru $649,999 2 497  
$650,000 thru $699,999 2 96  
$700,000 thru $749,999 2 199  
$750,000 thru $799,999 1 24  
$1,250,000 thru $1,499,999 1 65  
  216 134  
 
Summary Price Information
Minimum  $7,000 Maximum  $1,275,000
Average  $270,009 Median  $235,375

Expired
Listing Price Range  Quantity      Average DOM  
$70,000 thru $79,999 2 99  
$100,000 thru $119,999 3 207  
$120,000 thru $139,999 11 79  
$140,000 thru $159,999 7 104  
$160,000 thru $179,999 15 138  
$180,000 thru $199,999 18 120  
$200,000 thru $249,999 44 169  
$250,000 thru $299,999 30 157  
$300,000 thru $349,999 22 155  
$350,000 thru $399,999 21 168  
$400,000 thru $449,999 16 163  
$450,000 thru $499,999 10 240  
$500,000 thru $549,999 9 195  
$550,000 thru $599,999 6 252  
$600,000 thru $649,999 2 183  
$650,000 thru $699,999 1 326  
$700,000 thru $749,999 3 131  
$750,000 thru $799,999 3 377  
$800,000 thru $849,999 1 508  
$850,000 thru $899,999 2 108  
$900,000 thru $949,999 3 195  
$1,250,000 thru $1,499,999 1 319  
  230 165  
 
Summary Price Information
Minimum  $74,900 Maximum  $1,299,000
Average  $329,396 Median  $278,700

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