Matt Clark, Cincinnati Real Estate

SEARCH ALL CINCINNATI OPEN HOUSES

This weekend, Saturday April 9th and Sunday April 10th, the Cincinnati Area Board of Realtors and the Northern Kentucky Board of Realtors are holding their annual Springtime Open House Event for 2011: Show and Sell! Local Realtors are holding open over 3,000 homes in Cincinnati alone! This is a great opportunity to go out and look around if you are in the market or thinking about purchasing a home this year.

We couldn't have bought better weather if we tried; Saturday and Sunday both look like BEAUTIFUL DAYS!

SEARCH ALL CINCINNATI OPEN HOUSES

Come and visit me on Sunday at these great homes!

12-1pm - 200 Logsby Place, Unit E in Milford

1:15-2:30 - 219 W. Stoneridge Drive, in Milford

3-4pm - 2330 Sherwood Lane, in Norwood

Stop by any of these open houses to talk about how you can get pre-approved for a mortgage, how much money you'll need as a downpayment (as low as 3.5%), and also more information on a great home buyer grant out there right now for $5,000 towards your down payment and closing costs.

Interest rates are at historical lows still!

Housing affordability is great!

And there is a lot of choice out there for buyers!

SEARCH ALL CINCINNATI OPEN HOUSES

Check out these great links for more infomation! http://www.wlwt.com/money/27469166/detail.html

http://www.wcpo.com/dpp/news/spring-time-%27show-and-sell%27-hopes-to-drive-home-sales

Cincinnati Open House Weekend 2010

This weekend, Saturday & Sunday October 16 & 17 is OPEN HOUSE WEEKEND for the Cincinnati area. There are currently over 2,300 open houses scheduled throughout the weekend.

While the weather is still nice, this is a great weekend to get out and look through some homes if you are in the market or are currently thinking about buying or selling.

Here are a couple great open houses I'll be at!

Saturday October 16th

1-2 pm -- 204 Ireland Ave. Green Hills 3 bedroom. Large family room on first floor. Great back deck! $120,000

3-4 pm -- 1801 Catalina Ave. Large 4 bedroom on charming street in Bond Hill. $95,000

4-5 pm -- 2330 Sherwood Lane. NEW LISTING! Charming Norwood Tudor!! Deck off master, very unique! $185,000

Sunday October 17th

1-2 pm -- 200 Logsby Place. Great 2 bedroom Milford Condo...vaulted ceilings, move in ready!! $125,000

3-4 pm -- 6440 Sherman Ave. 3 bed/2FULL bath in Anderson. Forest Hills schools. Move in ready! $94,999!

July 2010 Home Sales Report for Cincinnati, Ohio

I’m sure you all may have heard news stories the past few days on the July home sales reports that just came out. I wanted to pass along some data to give you an idea of the facts behind the numbers.

July home sales were 35% lower than last years sales in Cincinnati. This was expected because of the tax credit accelerating sales to the first quarter of this year that would have normally happened throughout the year.

March closings were UP 15%, April 34%, May 26%, and June 8% over last year in Cincinnati. After the expiration of the tax credit, obviously we expected sales to slow down to a more normal rate.

Looking at the year to date picture, home sales are up 3% over last year.

This is all based off data from the Cincinnati MLS.

July Monthly Home Sales

Closings

July 2010 1,302

July 2009 2,008

Variance -35.16%

Year-to-Date Home Sales

Closings Average Price

Jan-July 2010 10,816 $158,259

Jan-July 2009 10,495 $148,840

Variance +3.06% +6.33%

Please click on the link here to see the “July 2010” home sales press release from CABR.

The real estate market is hyper-local, so the headlines in the news don’t always apply to us. You might feel like all you hear is bad housing news…well that’s because good news is harder to sell. This is a challenging market, but it is not the end of the world…

“May you live in interesting times…” Life right now is interesting to say the very least.

OPEN HOUSE
6440 Sherman Ave., Anderson Township, Ohio
Sunday August 1st, 2010 3-5pm

6440 Sherman Avenue

Anderson Township, Ohio 45230

$94,999

 

Come take a look at this great 3 bedroom 2 full bath home in Anderson Township. We'll be having an open house on Sunday August 1st, 2010 from 3-5pm. If you can't make it during that time, please call Matt at 513.259.8333 to schedule another time to view it.

This home is a little deceiving from the outside. Once you get inside, you see all 1248 square feet and it is much bigger than you expected. It has 3 bedrooms (one on the first floor, and two upstairs), and 2 full baths. All the appliances are staying, even the washer and dryer! This house is truly move in ready.

Stop by and take a peek. OPEN HOUSE Sunday August 1st, 3-5pm.

Some people seem worried about what will happen after the Federal Tax Credit expires. Will people still be buying homes in Cincinnati or will the market come to a screeching halt? Want to hear my two cents? The tax credit definitely made people push their purchase decisions into high gear during the first quarter of 2010, but buyers, even first time home buyers are still out there in the market even after the expiration of the tax credit. I even had a few first time home buyers that didn't rush to buy because the $8,000 wasn't even important in their decision. A recent survey done by Prudential Real Estate and Relocation Services shows that the end of the federal tax credit will not deter buyers from continuing to buy homes. Want the stats?

• More than 90% of those surveyed believe the home buyer tax credits have helped both first-time buyers and the overall housing market, but 65% say that the end of tax credits won't reduce their personal interest in buying a home.

• Over the next five years, 79% expect real estate prices to increase and 20% expect prices to rise substantially. Only 12% believe prices will decrease.

• Among renters, 75% believe owning a home is a better long-term choice for them than renting.

• The majority of consumers also believe that homeownership is a good investment, with 75% saying it is better than stocks or bonds, 72% preferring it to mutual funds and 74% saying it surpasses savings accounts.

We have seen an increase in activity during the first quarter of 2010 with many people wanting to take advantage of the federal tax credits, but the Cincinnati housing market will continue to move in the right direction even after the expiration of the tax credits. Interest rates are at historical lows, homes have become more affordable, and let's face it; everyone needs a place to sleep. (Survey Source: Prudential Real Estate and Relocation Services, Inc.)