Fellow Realtors, clients, family and friends, today I write to tell you that I have left Coldwell Banker Heritage Realtors and have joined the Elite team at Century 21 Elite Performance, and what a perfect fit it is for me. I have more to tell you all and look forward to updating you soon on this very good move! The face of Real Estate is changing with these changing times and so has the name of my brokerage in order to better serve you my clients and give you the kind of quality attention that you deserve! This is going to be great.
Springboro 2007 to 2008 Year End Number Comparison
Fellow Springboro residents, we're down $36,000,000.00 this year from 2007. The good news? Over $141,000,000.00 of real estate changed hands with a total of 404 homes sold! Average sales price in the Boro is down $16,000.00. There are amazing deals interspersed in those numbers as well. If you have any questions comments or concerns about these numbers or would like an individual market analysis for your imediate neighborh
2007 Year End Numbers at a Glance
| Sold: 518 | Other: 0 | Total: 518 |
| Bedrooms | Bathrooms | Square Feet | List Price | Selling Price | DOM | |
| Minimum | 2 | 1.00 | 960 | $79,500 | $65,000 | 1 |
| Average | 4 | 3.10 | 2,494 | $282,614 | $272,304 | 139 |
| Median | 4 | 3.00 | 1,926 | $250,000 | $244,800 | 115 |
| Maximum | 6 | 7.00 | 7,048 | $1,199,900 | $1,100,000 | 734 |
| Total Dollar Value | $141,053,502 |
| 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 | 18 | 89 | 92 | 78 | 241 |
| Breakdown % | 3.47 | 17.18 | 17.76 | 15.06 | 46.53 |
| Avg SP % LP | 99.00 | 95.96 | 96.85 | 96.20 | 96.20 |
2008 Year End Numbers at a Glance
| Sold: 404 | Other: 0 | Total: 404 |
| Bedrooms | Bathrooms | Square Feet | List Price | Selling Price | DOM | |
| Minimum | 2 | 1.00 | 576 | $0 | $7,000 | 11 |
| Average | 4 | 3.13 | 2,597 | $269,629 | $259,780 | 142 |
| Median | 4 | 3.00 | 2,037 | $239,900 | $233,700 | 111 |
| Maximum | 6 | 7.00 | 8,622 | $1,400,000 | $1,275,000 | 879 |
| Total Dollar Value | $104,951,317 |
| 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 | 19 | 74 | 66 | 54 | 191 |
| Breakdown % | 4.70 | 18.32 | 16.34 | 13.37 | 47.28 |
| Avg SP % LP | 103.56 | 97.21 | 95.81 | 95.11 | 95.87 |
Dayton Area 2008 Real Estate Update at a Glance
The numbers are in for 2008 and though they're not as dismal as the media would have you believe, they are not too good if you are trying to sell your home. However, these number are great if you are in the market to buy OR if you're savvy enough to trade up with these great interest rates and low low prices on the upper eschelon homes. Let's get to the nitty gritty:
In 2008 - the average home price fell 21% and the number of sales fell close to 16%, according to the Dayton Area Board of Realtors.
That's it in a nutshell, and that is for the entire Dayton market. Each market varies so keep that in mind as you interpret those bottom line numbers. I will be posting updates for individual communities such as Springboro, Centerville, Kettering, and Beavercreek, and those numbers will be in greater detail in order to keep you up to date and highly informed. Either way, keep in mind that we're all going to make it through this and we'll all be leaner and hopefully not meaner. Bottom line is this is the time to buy. Don't get caught behind a sudden spike in interest rates to curb inflation or to "stabilize" our economy. Remember, a lean mean Federal government and a fat happy local government equals better real estate values and appreciation.
The community of Belmont continues to hum along in Real Estate. Here are the numbers so far for Belmont from January 1st 2008 to August 27th 2008. Can you believe that you can still buy 13 homes in Belmont for under $30,000.00 and as low as $9,000.00? Unbelievable! I've got a great buy over on Epworth and another on Edgar. Give me a call!
| Active: 308 | Pending: 53 | Sold: 218 | Other: 274 | Total: 853 |
| Bedrooms | Bathrooms | Square Feet | List Price | Selling Price | Days on Market | |
| Minimum | 1 | 0.00 | 460 | $0 | $9,000 | 0 |
| Average | 3 | 0.00 | 1,152 | $72,556 | $64,772 | 127 |
| Median | 3 | 1.00 | 1,064 | $75,000 | $67,450 | 100 |
| Maximum | 7 | 0.00 | 3,598 | $249,700 | $130,000 | 1,154 |
| Total Dollar Value | $14,120,380 |
| 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 | 11 | 59 | 48 | 28 | 72 |
| Breakdown % | 5.05 | 27.06 | 22.02 | 12.84 | 33.03 |
| Avg SP % LP | 94.08 | 97.37 | 95.19 | 94.97 | 95.42 |
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 |
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| 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. |
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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) |
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Full time Realtor. Personal response on every call. Ohio Association of Realtors Presidential Club Award winning recipient 2007. Accredited Buyers Representative & Residential Specialist Designation
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