Jon Higgins ABR

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!

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.

410 homes on the market in Springboro. and 28 pending. Out of the 410 homes for sale 231 of them are in the price ranges of $200,000.00 to $400,000.00! That's over half the market! That's where you'll also find the highest concentration of days on market! These numbers are from June 1, 2008 to June 19, 2008. At those numbers that is an 11 month absorption rate. Be sure to scroll down for additional Springboro market information under market updates.

These numbers are from June 1st to June 19th and are for all of Springboro. Note how long it has been taking the higher priced homes in Springboro to sell. Homes in the $100,000.00 are selling like hot cakes! These numbers only represent sold properties - I did not include current or pending listings and they are a running tally of the month of June in 2008. Another worthy thing to note here is that of the homes that sold in the $200,000.00 price range their average days on market was 95. Not too bad. Still the highest back up in real estate in Springboro is anything in and around the $300,000.00 price ranges as there are still close to 40 homes competing in that price range alone. Get this - there are currently 45 homes for sale in Springboro in the $300,000.00 to $350,000.00 price range so when you factor in absorption rates it will likely take longer to sell homes within' that price range - that is unless... you hire a professional backed by the number one Real Estate brokerage in the Dayton area as well as Springboro. You guessed it - myself and Coldwell Banker Heritage Realtors! I understand the importance of pricing vs. timing as well as proper staging - not just moving furniture around the house. When done correctly just about any house can move within' a relatively short time and usually well below the time parameters of your competition. I have the stats to prove it - so if you're looking to sell in Springboro OR if you're currently marketing plan isn't working for you give me a call, and together we will get it done.

Miamisburg has seen some changes in the market this year. Here are the long anticipated numbers for May 28, 2008. Breaking it down it looks like this.

In contrast those same numbers this time last year in 2007 are as follows.

The number of total homes sold in Miamisburg went from 121 this time last year to 65 this year. With an average price range of $149,098.00 in 2007 and a total volume of $18,040,911.00, the 2008 figures thus far are down with an average home price at $144,724.00 and a volume this year virtually cut in half at $9,407,046.00! The amount of days on market has gone up on average an extra four days. The biggest price brackets hit have been in the price range of $100,000.00 to $250,000.00, in terms of number of homes sold this year compared to last year.

You're asking yourself - "Jon, is there any good news in all of this?" My answer is yes. For the past 30 years election years have been good to real estate for whatever reason, I'll let you decide as there are as many opinions to that as there are minutes in the day. The point is the NAR has predicted that here in the good 'ol midwest we're going to see a sustained spike in sales throughout the summer months, and from what I can tell by being here at Coldwell Banker Heritage Realtors - (what I like to call "the pulse" of real estate in the Dayton market) more people are actually preparing for the move once the kids get out of school, and buyers and sellers I've been talking to in the field and at open houses have all supported that interpretation from the NAR.

Know what else does this means? Now more than ever it's extremely important to align yourself with the best brokerage you can and to price your home competitively and show your home in its best possible light. You need to have a world class marketing plan and who better than your 2007 Ohio Association Presidents Club Award winning recipient than Jon Higgins ABR - who by the way has hung his proverbial shingle on the brokerage house that has been number one in Dayton for over 30 years and who sells one in every seven homes in the Dayton area!

Hey - guess what? Now you're up to date in Miamisburg! Please call me if you have any questions regarding Real Estate or visit me on the web at www.jonhigginsrealestate.com for great buyer and seller FAQ's. Be informed! Be empowered! Be well represented! Go and get a great deal! Luck of the Irish to you all!