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Julie Beall CRS

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April 2008 Springboro Market

05-05-08
Julie Beall CRS

May 5th, 2008

In April there were 81 new houses listed in the Springboro Clearcreek Township area and 36 homes closed and sold. Inventory is increasing again, but this is what you would expect this time of year.

The Avg. sale price was 281,710 for April.

The % of sale to list price was 94.32%

Prices ranged for $70,000 to $1,275,000.00

Buyers are still slow to move to the market. Again we are at record setting low prices and interest rates. With inflationary pressures pushing the economy I suspect interest rates will go up. Buyers must consider purchasing soon if they wish to benefit from the lower rates. If you have questions about the Springboro Market give me a call Julie Beall

937-546-0222

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San Mar Gale Development Lebanon Ohio

04-19-08
Julie Beall CRS

Sometimes you see a development project and say here we go again! But sometimes you see a project and say Wow ,this will be great for my clients! I recently visited a new project in Lebanon Ohio that impressed me immensely. This is surely the biggest project to ever occur in Warren County. I do not have any business ties to this project but I hope to offer this as an option to many buyers in the future. The project is called The San Mar Gale. Their website although not full of information yet is awesome. http://sanmargale.com/. I believe if done right we will finally have a place for all ages to settle in a wonderful relaxing lifestyle, something Ohio residents have needed for a long time. From what I understand there will be 2100 lots, some will be 1 acreand some will be up to five acres or more. There will be an equestrian center attached to the larger lots for all of those who may want horses. A reallyneat feature is you can ride your horse to the new town center and leave them in the city pasture as you shop or dine. Very Cool! The drawings of the town center look exciting, however for this girl born and raised in the area it is hard to see Oregonia Rd with a nice little town. Having said that...the drawings of the town center look inviting and I plan on visiting often.

This development is centrally located between Dayton and Cincinnati. It is close to Springboro, Centervile, Mason West Chester. Buyers may feel this is far away but it is NOT. You can test drive it yourself and I guarantee you will have one of the most beautiful drives in Ohio. If you would like to see the area...let me know, I love the scenery and would be happy to show you. As I receive more information I will post it on my website www.JulieBeall.com

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Springboro Market Conditions

03-16-08
Julie Beall CRS

March 15, 2008

The inventory in Springboro is once again increasing. As of March 15, 2008 the units on the market jumped from 340 units at the end of Feb. to 381 units on the market today. Some of this increase is due to the normal seasonal cycle of real estate. Inventory always increases in the Spring and Summer. Interesting to note Feb. 2008 had only 14 units sell, being one of the slowest Feb in many years. The following shows the number of units sold per month in this quarter since 2005

SOLDS 2005 2006 2007 2008

Jan 38 34 18 32

Feb 36 30 25 14

March 43 50 50

The good news is we have 48 homes under contract in Springboro as of today compared to 35 pending contracts for the entire month of Feb. There is a sense among agents that the buyers are beginning to understand the historical opportunity they have to buy and the well priced homes in good condition are being scooped up. The facts are the facts. It never ceases to amaze me when pulling data what is really happening as opposed to what the media says is happening. For more up to date data, call me anytime. 937-546-0222

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Springboro Market Conditions

03-11-08
Julie Beall CRS
The Springboro area is experiencing a SLIGHT downward pressure on prices. The inventory has been at an all time high however we are seeing some leveling out of the supply of homes on the market. This means the number of listing on the market is decreasing slightly compared to what it was several months ago. We are looking for 2008 to be comparable to 2007. Incidentally 2007 was our fourth BEST year in real estate history. The GOOD NEWS is our local market is not crashing as you hear on the news media only correcting slightly.

Personally, I am still selling a lot of homes in our area. They are taking longer to sell and are selling slightly lower than 2005 prices (peak of our market). For those wishing to sell, the best priced homes in the best condition are selling very fast. The others are sitting eventually selling at lower prices. For buyers, you are seeing a historical opportunity to purchase a home or buy up. Our prices are slightly down and so are interest ratesthat does not happen in the world of real estate economics. In the past when rates went down prices went up. I am not sure what buyers are waiting for. the prices to go up or interest rates to go upbecause both are going to happen!

There is discussion on a national level that 2009 will see some recovery. Some of our national advisors believe there will be a pent up demand for houses in 2009. When this happens surely we will see an increase in prices and buyers will come to the closing table as fast as they can.

It is important to remember that real estate is a long term investment. It always has been and probably always will be in the big picture of the market. The investors, who were flipping homes around the country, much like the stock market day trader, helped fuel higher prices. Now these causal investors are dumping inventory which increases housing supply and decreases prices. Couple this with the sub prime mortgage debacle and you can understand the downward pressure on prices. Fortunately for our area we are only experiencing some of the fall out but not at the level you see in California and Florida.

So what should you do? Start by not listening to the news media. Remember all markets are local. I would even suggest each individual subdivision is experiencing different market conditions, let alone cities and states. Call Julie Beall, a professional, FULL TIME Real Estate agent to get a market update in YOUR area. Take a good look at the information she will provide and decide for yourself.


ZIP Code: 45066
0 Comments
Blog_tag

Springboro Market Conditions

03-11-08
Julie Beall CRS
The Springboro area is experiencing a SLIGHT downward pressure on prices. The inventory has been at an all time high however we are seeing some leveling out of the supply of homes on the market. This means the number of listing on the market is decreasing slightly compared to what it was several months ago. We are looking for 2008 to be comparable to 2007. Incidentally 2007 was our fourth BEST year in real estate history. The GOOD NEWS is our local market is not crashing as you hear on the news media only correcting slightly.

Personally, I am still selling a lot of homes in our area. They are taking longer to sell and are selling slightly lower than 2005 prices (peak of our market). For those wishing to sell, the best priced homes in the best condition are selling very fast. The others are sitting eventually selling at lower prices. For buyers, you are seeing a historical opportunity to purchase a home or buy up. Our prices are slightly down and so are interest ratesthat does not happen in the world of real estate economics. In the past when rates went down prices went up. I am not sure what buyers are waiting for. the prices to go up or interest rates to go upbecause both are going to happen!

There is discussion on a national level that 2009 will see some recovery. Some of our national advisor's believe there will be a pent up demand for houses in 2009. When this happens surely we will see an increase in prices and buyers will come to the closing table as fast as they can.

It is important to remember that real estate is a long term investment. It always has been and probably always will be in the big picture of the market. The investors, who were flipping homes around the country, much like the stock market day trader, helped fuel higher prices. Now these causal investors are dumping inventory which increases housing supply and decreases prices. Couple this with the sub prime mortgage debacle and you can understand the downward pressure on prices. Fortunately for our area we are only experiencing some of the fall out but not at the level you see in California and Florida.

So what should you do? Start by not listening to the news media. Remember all markets are local. I would even suggest each individual subdivision is experiencing different market conditions, let alone cities and states. Call Julie Beall, a professional, FULL TIME Real Estate agent to get a market update in YOUR area. Take a good look at the information she will provide and decide for yourself.


ZIP Code: 45066
0 Comments