About Warren County, OH

Good news comes in 3's for Mason Ohio property owners:

1. More sellers in the Mason School District are braving the real estate market- with an uptick in both single family and condominium listings
2. Pending sales have increased
3. The actual sale price on "closed properties" has increased

Add to the mix unusually low mortgage interest rates, a higher than average number of schedule showings by real estate agents and you have the recipe for a recovering housing market.

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

Data from Greater Cincinnati Multiple Listing Service

This week's articles covering real estate in the Fairfield School District and the Lakota School District discussed the single family and condominium markets in the two largest school districts in Butler County. Today we are heading east to cover real estate in the Mason School District in Warren County.

Mason Ohio has been an example of somebody's "Field of Dreams"...build it and they will come.

Anyone living in the area has watched as Mason experienced rapid population and developmental growth...often leaving drivers struggling to navigate around Fields Ertel or Mason Montgomery Road. And while Mason doesn't have as many single family homes listed as seen in the coverage on Lakota real estate stats, the list and sale prices for Mason are significantly higher. The number of condominiums for sale are comparable to Fairfield's- however the sale prices are much higher in Mason.

If you are a Mason homeowner contemplating putting your single family property on the market, there is a wide spread in pricing available for sale. Unlike Fairfield with a heavy concentration of homes between $200,000-$249,999, of the 391 active listings the highest number of homes (41) are listed between $350,000-$399,999. The next largest concentration homes (35) is between $200,000-$249,999.

Not to surprising- if you want your property to be on the market of a long time (Days on Market) price it between $1,250,000-$1,499,999. The 16 homes have an average of 240 days on market.

Good news for the high end market, there are only 2 active listings between $3,000,0000- $3,249,999.

The numbers in the condo market are interesting, the average list price is $183,847 however the highest number active listings (33) are between $120,000-$139,999.

Remember, the chart above is just a snapshot on a given day and the real estate market is always changing. If you need more details about the "stats" for your neighborhood -give me a call @ 513-300-4090 or send an email.

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

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