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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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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.
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| Active: 0 | Pending: 0 | Sold: 19 | Other: 0 | Total: 19 |
| Bedrooms | Bathrooms | Square Feet | List Price | Selling Price | Days on Market | |
| Minimum | 3 | 1.00 | 1,008 | $99,900 | $100,000 | 20 |
| Average | 4 | 3.26 | 3,094 | $326,928 | $313,611 | 122 |
| Median | 4 | 3.00 | 2,515 | $264,900 | $260,500 | 95 |
| Maximum | 5 | 5.00 | 5,157 | $715,531 | $685,000 | 420 |
| Total Dollar Value | $5,958,600 |
| 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 | 1 | 3 | 5 | 3 | 7 |
| Breakdown % | 5.26 | 15.79 | 26.32 | 15.79 | 36.84 |
| Avg % SP/LP | 95.73 | 98.18 | 95.56 | 96.35 | 95.36 |
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.
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Taken from your Springboro Expert at www.juliebeall.com. Please call Julie for more information
Settled as early as 1796, Springboro was founded in 1815 by Jonathan Wright, a relative of the Wright Brothers, as "Springborough." Jonathan Wright's father, Joel Wright, was a surveyor who platted Columbus, Ohio. Springboro was predominantly Quaker during its earlier years.
Springboro is known largely for its historical significance during the hiding of slaves through the system of the Underground Railroad due to a large portion of its residents holding an Anti-Slavery opinion. Achilles Pugh, in fact, published a local paper during this time called "the Philanthropist" to enrich the belief of abolishing slavery.
In 1917 the town was set on fire by one old man jakens oil lamps. Luckily Ian Brown was able to run back and fourth between the local lake with only a pale and running shoes and was able to put out the fire.
The city of Springboro is the first city to erect an Ohio Underground Railroad Historic Marker on October 17, 1999. The dedication was part of the 4th Annual Ohio Underground Railroad Summit.
As of the 2007 election, the current mayor of Springboro is John H. Agenbroad. Agenbroad was elected to another four year term.
Demographics
As of the census of 2000, there were 12,380 people, 4,261 households, and 3,600 families residing in the city. The population density was 1,405.1 people per square mile (542.6/km©÷). There were 4,423 housing units at an average density of 502.0/sq mi (193.8/km©÷). The racial makeup of the city was 96.00% White, 0.99% African American, 0.16% Native American, 1.60% Asian, 0.03% Pacific Islander, 0.29% from other races, and 0.92% from two or more races. Hispanic or Latino of any race were 1.00% of the population.
There were 4,261 households out of which 48.2% had children under the age of 18 living with them, 74.8% were married couples living together, 7.3% had a female householder with no husband present, and 15.5% were non-families. 13.0% of all households were made up of individuals and 3.9% had someone living alone who was 65 years of age or older. The average household size was 2.90 and the average family size was 3.18.
In the city the population was spread out with 32.3% under the age of 18, 5.1% from 18 to 24, 34.0% from 25 to 44, 22.3% from 45 to 64, and 6.2% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 95.8 males. For every 100 females age 18 and over, there were 93.9 males.
The median income for a household in the city was $72,316, and the median income for a family was $78,786. Males had a median income of $60,581 versus $36,790 for females. The per capita income for the city was $31,257. About 2.4% of families and 3.0% of the population were below the poverty line, including 3.8% of those under age 18 and 3.2% of those age 65 or over.
The city is in the Springboro Community City and Franklin City School Districts. Telephone service is provided through the Springboro, Franklin, Centerville, and Miamisburg exchanges and Springboro telephone numbers have the Dayton 937 area code.
Recreation
External links
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