Happy Veterans Day!!
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West Chester OH Real Estate News: Honoring Our Veterans Today!
November 11, 2009 By Leave a Comment
West Chester OH Community News: The Olde West Chester Christmas Walk
November 9, 2009 By Leave a Comment
The Olde West Chester Christmas Walk is this weekend. Events and activities are held on both Friday, November 13th and Saturday, November 14th. The Christmas Tree lighting is on Friday at 7:00pm at the West Chester Township office and the annual parade is on Saturday evening beginning at 7:00pm
You can get more details at: http://www.oldewestchester.com/
Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Ohio?
Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio
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West Chester, Ohio Real Estate News: Going Green May Help Sell Your Home
July 11, 2009 By Leave a Comment
Going Green May Help Sell Your Home
It’s becoming the buzz word in housing — “green” homes are what many buyers are interested in these days. According to the National Association of Home Builders (NAHB), as much as 90 percent of home buyers think that energy efficiency is a very important factor when shopping for a home. These same buyers are also very interested in environment-friendly features including having housing close to parks, public transportation, and well-designed neighborhoods with sidewalks.
The National Association of Home Builders Remodelers (NAHBR) — a council of NAHB — says that most homeowners choose green remodeling projects to help conserve energy. NAHBR recommends the following top ways to increase energy efficiency.
Read the entire article by clicking here!
Wondering about the value of your home in today’s market? Request a Free Market Analysis.
Moving to West Chester or Liberty Township, Ohio? Request our Relocation Packet It’s full of information about our area.
You can subscribe to my blog via RSS. Click here to subscribe via a feed or receive a subscription via e-mail! Either way click the orange RSS options at the top of the page. Of course, I never rent or sell your e-mail address… I don’t even know what it is, I never see it.
Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio
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West Chester OH Real Estate Outlook 2009
February 5, 2009 By Leave a Comment
Real Estate Outlook: What’s in Store for 2009?
What will the new year bring for housing and real estate? It’s easy to look at all the negative economic news in the headlines and say – there’s no sign that 2009 is going to be any better than 2008.
But here’s a different perspective to consider from one of the country’s veteran financial analysts — Richard Bove of Ladenburg Thalmann, an investment banking company.
In a research report issued late in December, Bove said he sees a positive dynamic taking shape in the current cycle. The government has intervened aggressively in the markets to push interest rates down — most notably in the home mortgage sector.
Though it takes awhile for low-cost money to begin having its effect, Bove said he expects “housing prices to stabilize and/or rise (in 2009) after a likely boom in mortgage refinancings as rates fall and loan applications increase.”
Add in the expected massive economic stimulus package being put together on Capitol Hill with the incoming Obama administration — and there’s a good chance we’re going to see a gradual transformation of the downward cycle into a slow rebound over the coming several quarters.
Already there are positive signs of the turnaround Bove predicts…
Read the entire article in my monthly real estate newsletter for residents of West Chester, Liberty Township and Beckett Ridge.
Wondering about the value of your home in today’s market? Request a Free Market Analysis.
If you think now is the time to begin your search for a new home, start by checking out my Feature homes for sale and then search the MLS, all on my website: www.LowryTeam.com
Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio
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West Chester Ohio News: Mortgages Are On Sale!
February 2, 2009 By Leave a Comment
An eye catching headline to be sure, but also very much the truth.
Interest rates for home mortgages are at historic levels right now which is providing a terrific home buying opportunity! How about this: In 1981 you would have paid 16.90% for a 30 year fixed rate loan. Today, it’s 5.15%, now that is a sale! 
Check out the graph below depicting mortgage rates since 1981:
To give this a little meaning, let’s look at a $200,000 mortgage loan:
In 1981, at 16.90% the principle and and interest payment would have been $2835.12. (Wow)
In 2009, at 5.10% the principle and interest payment would be $1085.90 (Now that is a sale)
So you say, “Well that’s great, but that was 1981″. So let’s compare to just 6 months ago then:
August 2008 rates were 6.49% which is a principle and interest payment of $1262.82.
That is a savings of $176.92 per month or $2123.04 annual savings with today’s low rates.
It really is a great time to buy when you consider the low rates and the great inventory of homes.
Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio
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West Chester & Liberty Township, OH Real Estate News
January 24, 2009 By Leave a Comment
♦Everyone it seems is interested in foreclosure and short sale properties. Well how about this deal:
Bridgewater Falls sheriff sale planned
The sale is planned for March 5th according to the Cincinnati Enquirer. It should be noted that the shopping complex is continuing to operate business as usual.
♦Homearama 2009 has been delayed until September this year. The show featuring the finest luxury homes in the area has normally been held in June each year. Several weeks ago the Cincinnati Home Builders Association annouced that the show had been delayed by the economy. Read the full story regarding the Homearama 2009 here.
The price point of the homes built will be between $550,000 and $950,000. Homebuilders that have committed to the show so far are: The Drees Company, Fischer Homes, John Henry Homes, Pendragon Homes and Summit Custom Homes. More details on the luxury home show can be found in this article.
Moving to West Chester or Liberty Township, Ohio? Request our Relocation Packet It’s full of information about our area.
You can subscribe to my blog via RSS. Click here to subscribe via a feed or receive a subscription via e-mail! Either way click the orange RSS options at the top of the page. Of course, I never rent or sell your e-mail address… I don’t even know what it is, I never see it.
Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio
| posted by Eric Lowry Email Me | Search For Homes www.LowryTeam.com | P: (513) 874-1830 |
Liberty Township, OH Real Estate Update: January 2009
January 13, 2009 By Leave a Comment
As I mentioned in my previous post on the West Chester real estate market, the last three months have been very turbulent. There is a great deal of uncertainty regarding the availability of mortgages for buyers and in the financial markets in general. I can say with absolute certainty however, that if you are thinking about buying a home, whether it is new construction or an existing home, the opportunities are terrific with regard to the home prices and there is no question about the ability to get a mortgage, the money is out there!
Today we will take a look at how the Liberty Township, Oh real estate market fared in the last three months of 2008. The West Chester and Liberty Township markets are very connected and to many folks would be considered one and the same. They share the same school district (Lakota Schools) and are geographically adjacent. However breaking them down a little gives us better detail of just what has been going on.
To read part one of this real estate market update click here
With regard to sales, in 2007 135 units were sold vs. 88 units in 2008 in Liberty Township. This represents a decrease of 34.81%. This is quite obviously a huge decrease in sales. A little further look into these numbers finds that in 2007, new construction accounted for 44 of the 135 sales (32.59%). In 2008 just 15 of the 88 sales (17.05%) were new construction. New construction sales were way down and this is definitely an indication of the scaling back that homebuilders have done. The amount of market (spec) homes that are available for sale is very small and has been for some time now.
| 2007 Units | 2008 Units | + or - |
| 135 | 88 | -34.81% |
The average sale price for the last three months of 2008 was down 12.72% compared to the same period in 2007. As you can see in the table below, the average sale price in the last three months of 2008 was $232,831 compared to $266,751 in 2007. With the new construction sales taken out of the numbers the average sale price would be down 5.25% in the last three months of 2008 when compared to 2007. The impact new construction has on these numbers is significant due to the fact that typically the average sale price of new construcion homes is much higher which can skew the overall numbers, especially in a market like Liberty Township, OH which has a large presence of new construction.
For there to be a stabilization of home prices and then at some point a return of appreciation, we will need to see a smaller supply of homes available for sale. In many of the price ranges there remains a significant oversupply. We will take a look at the supply of homes for sale next. Be sure to check back!
| 2007 Avg Sale Price | 2008 Avg Sale Price | + or - |
| $266,751 | $232,831 | -12.72% |
Moving to West Chester or Liberty Township, Ohio? Request our Relocation Packet It’s full of information about our area.
You can subscribe to my blog via RSS. Click here to subscribe via a feed or receive a subscription via e-mail! Either way click the orange RSS options at the top of the page. Of course, I never rent or sell your e-mail address… I don’t even know what it is, I never see it.
Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio
| posted by Eric Lowry Email Me | Search For Homes www.LowryTeam.com | P: (513) 874-1830 |
West Chester Ohio Real Estate: Christmas Walk Returns
November 14, 2008 By
The Olde West Chester Christmas Walk returns this year after a two year absence. The event begins at 1:00pm on Saturday, November 15th and concludes with a parade starting at 7:00pm at the Union Elementary School lite up by 1500 luminaria and ends with the lighting of the community Christmas tree at the township hall. The businesses along Cincinnati-Dayton Road will be hosting open houses. There will be live entertainment, food, children’s activities and yes, Sant Claus. For more information visit the West Chester Township website
Also this weekend the new Miami University learning center is hosting an open house. This is their new facility at the Voice Of America Center on Cox Road here in West Chester. Guests will be able to tour the 23,000 square foot facility, learn more about Miami courses and programs offered at the VOALC, and learn more about the area surrounding the Center including the former VOA Bethany Relay Station.
More information is available here.
Your comments are always welcome!
| posted by Eric LowryEmail Me | Search For Homeswww.LowryTeam.com | P: (513) 874-1830
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Development/New Business Information In West Chester & Liberty Township, Ohio
March 10, 2008 By
There are so many new businesses and developments happening in our area at any one time that it is difficult to keep track of all of them.
Here are links to a couple of them that caught my eye as being interesting and/or good additions to our area. (It should be noted that there are many more than the couple noted here).
The first is a very interesting article in the Sunday Cincinnati Enquirer on the development of the Union Centre Blvd area.
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080309/BIZ01/803090329
Of course the article is very timely due to the opening of the Ikea store this week.
Also opening a new store this week in Liberty Township, Ohio is Play It Again Sports, again in the Enquirer:
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080309/BIZ01/803090335/1076/BIZ
Your comments and questions are always welcome!
| posted by Eric Lowry Email Me | Search For Homes www.LowryTeam.com | P: (513) 874-1830 |
Election Day In West Chester & Liberty Township, Ohio
March 2, 2008 By
Tuesday, March 4th is of course election day in Ohio. There is no way that you could not know this, from the yard signs to the phone calls to the television and radio ads and everything else.
Just a reminder though, that you do need your photo id to be able to vote. This is a relatively new requirement and unless you voted in November you may not be aware of it.
If you need further election information click here for the Butler County Board of Elections website.
