West Chester OH Real Estate: What Impact Does Homearama Have On Home Sales?

Foxborough Subdivision - Homearama 2011 West Chester Ohio Real EstateWhat Impact Does Homearama Have On Home Sales?

Homearama 2011 is coming to West Chester, Ohio and it is sure to generate alot of excitement, with large crowds and lots of exposure for West Chester and Liberty Township Ohio real estate.  Good press for the West Chester community and a little excitement for the housing market in our area are certainly welcome.

But what is the impact of Homearama 2011 on luxury home sales in West Chester and Liberty Township?

First let’s establish that the exposure and excitement generated by the luxury home show are definite positives and truly a good thing.  The show organizers have estimated that as many as 40,000 consumers will visit the show.  That’s good news for West Chester restaurants and businesses.

What the true impact on luxury home sales in West Chester and Liberty Township is might not be as rosy.  If you establish that the luxury home market in West Chester and Liberty Township is defined as $500,000 and up, here’s what it looks like:

There are currently 35 homes for sale in West Chester and Liberty Township in this price range.

In the last 6 months there have been 13 homes sold and closed in this same price range, which is an average of 2 homes per month.  This means there is a 16 month supply of homes for sale in this luxury home market.  This is a large oversupply of homes for sale in this price range and the Homearama luxury home show is adding to it.  According to the Home Builders Association of Greater Cincinnati at least 7 homes will be built, with 2 of them having been presold.  As of this writing 5 of the homes are listed for sale in the Multiple Listing Service of Greater Cincinnati (MLS).

So what is the issue?  The issue is… if you are thinking of selling your luxury home in West Chester or Liberty Township your competition just got tougher and now there is more of it.  16 months of inventory is alot.  16 months of inventory means that if no new listings come on the market in this price range and homes continue to sell at their current pace, it would take until approx. June 1st of 2012 to get all of the homes sold!

The solution?  If you have a home to sell in the luxury home price range ($500,000 and up) you need to do 3 things:

1.)  Get your home professionally staged – you’re competing with homearama homes here.

2.)  Get your home on the market now before more inventory causes even more pricing pressure.

3.)  Price your home to sell based on a detailed market value analysis.

posted by Eric Lowry
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| P: (513) 874-1830

West Chester & Liberty Township OH Real Estate: Beckett Ridge Homeowners Association

Beckett Ridge, West Chester, OhioIf you live in Beckett Ridge and are the owner of record for your property, you received this letter recently:

DEAR BECKETT RIDGE HOMEOWNER;

Beckett Ridge is a diverse community covering over 1800 acres with various types of dwelling units from condos to single family homes.  Since our community was developed over several years and each unique section of our community was required to provide a set of documents for their new homeowners, 33 years later, we have variously similar, but different documents making up the package of homeowner documents for Beckett Ridge.

Over the past two years the Beckett Ridge Homeowners Board hads been evaluating various approaches for consolidating our homeowners’ documents.  These basic documents are used to define our community and when coupled with our restrictions they become very important documents for homebuyers planning to purchase a home in our community and financial companies seeking to finance or insure our homes.  With the assistance of our attorney we have now completed our work on this effort and wish to present to the homeowners of Beckett Ridge a revised set of Declarations and Code of Regulations for your approval.

Voting will be by parcel therefore, only one vote will be allowed per dwelling unit address and one signature per parcel will also be required to validate your ballot.  Official ballots can only be cast  by those Members of the Beckett Ridge Homeowner Association in good standing as of July 1, 2010.  To be considered in good standing all dues and fees must be paid in full on the Parcel by July 1, 2010.  The Board Highly Recommends you vote “YES” in support of this resolution.  The expression of your support for this resolution is very important to all of us.  While we hope you will vote yes, we want you to be aware that consistent with the legal opinion given to the board on February 22, 2010, regarding voting procedures, all Parcels that do not submit a ballot regarding this resolution will be casting a vote in support (Yes) for the resolution.

If you did not have the opportunity to attend our Annual Meeting in March or one of the five HOmeowners Meetings held between April 10th and June 8th then you can view the proposed documents at www.beckett-ridge.org.

Sincerely,

The Beckett Ridge Homeowners Board

Dennis Bender, Dave Burling, George Hulsizer, Debbie Olszowka, Sharon Palm. Terri McGill-Wong and Burt Young

So, whether you support this revision in the homeowners asssocation for Beckett Ridge or not, it is very important that you vote.  Your ballot must be received by July 28th, 2010.

 
Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Relocating To West Chester, Liberty Township Or Mason, Ohio??  Request Our Free Relocation Information Package By Clicking Here!

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posted by Eric Lowry
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West Chester & Liberty Township OH Real Estate: Homearama 2011 Update

Foxborough Subdivision, Homearama 2011According to the Cincinnati Business Courier article online today they said six builders have agreed to participate in the 2011 Homearama home show.  The Home Builders Association of Greater Cincinnati conducts the home show each year. They had previously announced (read my previous post on Homearama 2011 here) that next year’s show would be held in West Chester in the Foxborough subdivision.

The six builders include Artisan Estate Homes, Daniels Homes, Greystone Homes, Hensley Custom Building Group, Jack H. Wieland Builders and Zaring Premier Homes.  The Homearama home show in 2011 will feature homes listed for sale from $550,000 – $850,000.

You can read the full story about the annoucement of the home builders  for Homearama 2011 here

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS database of homes for sale here!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
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West Chester & Liberty Township OH Real Estate: Homearama comes to West Chester

Foxborough subdivision in West Chester has been chosen to host the  2011 Homearama site.

Homearama 2011 in West Chester, Ohio - Luxury HomesThe Home Builders Association of Greater Cincinnati said Monday it has picked Foxborough subdivision, in West Chester, for its 2011 Homearama show.

The home show is scheduled for June 11-26, 2011, in the Glenview Farm Estates section of Foxborough, which is being developed by the Drees Co. and Cobblestone Development, according to a news release.

Home prices will range from $525,000 to $850,000, compared to the $1 million-plus price tags on Homearama show homes during the height of the real estate boom.

According to various news reports today the luxury home show will be built in the Glenview Farms section of Foxborough which is located on the backside of Foxborough and is located just off of Hamilton Mason Road.  It is the newest section of the subdivision.

The 2011 Homearama will mark the resumption of the luxury home show after being cancelled this year due to the difficult housing market and tight lending restrictions.

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS database of homes for sale here!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
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www.LowryTeam.com | P: (513) 874-1830

West Chester & Liberty Township OH Real Estate: Happy Memorial Day!

Have a Happy and Safe Memorial Day!

 

 

 

 

 

 

 

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
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West Chester & Liberty Township OH Real Estate: Tuesday Open House

Tuesday Open House, www.LowryTeam.comIt’s Tuesday, so this must be the Tuesday Open House.

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… good internet marketing does… but it seemed like a good title for this weekly blog post.

It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

Keller Williams Red Day: Keller Williams Realty Red Day is this Thursday, May 13th.  Our Keller Williams Realty Associate Partners office here in West Chester will b conducting a day long food and clothing drive to benefit Reach Out Lakota.  You can get more information by visiting our facebook fan page at www.Facebook.com/LowryTeamRealEstate and find more information on Reach Out Lakota by visiting their website http://www.reachoutlakota.org

Mortgage Interest RatesInterest Rate Update:  Interest rates on a 30 year fixed rate mortgage continue to fluctuate a little day to day, but remain very low.  The rate on a 30 year fixed rate mortgage today was 4.85% with no points according to Third Federal Savings.  With rates continuing to be this low, the opportunities to move up to a new or larger home and not greatly increase your monthly payment are terrific.  By the way, the selection of homes to pick from is very good right now.  Thinking of buying a home in West Chester, Liberty Township, Beckett Ridge, Mason or Fairfield Township?  You can search homes for sale on our website at anytime, including features like map searches, saved searchs, new listing notifications and more!  Just visit www.LowryTeam.com

Home and Property Values:  This section of the Tuesday Open House seems a little like a comedy show.  Just today I saw both of these headlines and reports:

Headline: “Cincinnati metro home prices up 14.5% in 1Q”  - The National Association of Realtors   reported Tuesday that median home prices rose in Greater Cincinnati year over year during the first quarter, although they dropped from fourth-quarter 2009.  Read more: Cincinnati metro home prices up 14.5% in 1Q – Business Courier of Cincinnati:

And then this:

Headline: “Zillow: Home prices still falling”  -  Housing values in Cincinnati and most U.S. metropolitan areas continued their decline into the first quarter, but a new report from researcher Zillow.com points to encouraging signs in some of the most battered markets, according to a report in Columbus Business First.  Read more: Business Courier of Cincinnati: Zillow: Home prices still falling

Moral of the story??  If you really want to know the value of your home…Ask a local Realtor that is an expert in your local area / neighborhood.  If you would like to monitor home and property values in your West Chester, Liberty Township, Beckett Ridge, Mason or Fairfield Township, Ohio neighborhood get your own Personal Market Update that shows both homes for sale in your neighborhood and recent sales.  You can get your own Personal Market Update delivered right to your inbox with no cost or obligation by visiting www.HomeValuesInCincy.com 

Lowry Team Real Estate, West Chester OH Homes For SaleOur Facebook Fan Page of the week is: Reach Out Lakota. This community organization does a lot of good in our community.  They need more than just for us to become fans of them on facebook, they need our support and donations!  As of this writing their page has 90 fans, so I ask that you check out their fan page, become a fan and invite your facebook friends to do the same.  More importantly though, consider donating nonperishable food items and clothing to Reach Out Lakota today.  Check it out.

While you are on facebook checking out the Reach Out Lakota fan page, please visit and become a fan of our facebook page:

Lowry Team Real Estate, West Chester OH Homes For Sale

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

 
Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830

West Chester & Liberty Township OH Real Estate: Tuesday Open House

West Chester & Liberty Township OH Homes For SaleIt’s time for the Tuesday Open House.  What is Tuesday Open House??  Well, it’s clearly not an “open house”.  Open Houses don’t sell homes, but it seemed like a good title for this weekly blog post.  It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas.  It is not intended to be all about homes for sale, but it will be about that some of the time…

Real Estate Market Update:  How is the real estate market? That is the big question today.  The answer is very different depending on many factors.  What you heard on the Today Show or read in the USA Today is not going to be the answer though.  Getting your real estate market information from some national expert is a little like getting a national weather forecast:  “In the US today it’s going to be a high of 67 with a chance of showers.”  Really…where?  It’s not much different with real estate.  Some media report will say that home sales or prices will have dropped by some percent across the country.  Again, I say really…where?

Real estate is local and in the market we have today it is hyper-local.  Meaning the market is very different in one area of Cincinnati vs. another.  The real estate market is also very different depending on the price range of the home.  The first time homebuyer price range is very active right now and supply and demand are largely in balance.  Higher price ranges continue to have quite an imbalance of homes for sale, thus continuing to cause pricing pressure.  The moral of the story is… for accurate, local real estate information, contact an experienced local real estate expert.  For more local real estate information, check back here later in the week for my RealEstate-Ink Market Update Report.

Need Mulch?  Are you preparing your home to get it on the market for sale soon?  Don’t forget the curb appeal.  As the old saying goes… you only get one chance to make a good first impression.  So clean up the landscaping and get yourself some fresh mulch.  I’m not sure that there is a better way to go than to get it from the boy scouts.  They even deliver!  You can see the article in the Cincinnati Enquirer here or you can just go directly to the boy scouts site right here.  I am placing my order this week.

Liberty Township Newsletter for March:  The Liberty Township March newsletter is online and has a lot of good information whether you are a Liberty Township resident, potential resident or just live nearby and are interested in the area.  There are articles on everything from the new fire station to information on parks, road improvements, population statistics and much more.  You can find the Liberty Township newsletter here.

 

Eric Lowry, Lowry Team Real Estate on FacebookOur Facebook Fan Page of the week is: Cincinnati Reds.  How could this week’s Fan Page Of The Week be anything else?  It is less than two weeks until opening day!  As of this writing their page has 96,043 fans.  The Reds fan page as you might imagine has a lot of very interesting information and news concerning all of your favorite Reds players and of course Reds ticket information.  Check it out.

While you are on facebook checking the Cincinnati Reds fan page out, please visit and become a fan of our facebook page:

 

 

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

 
 Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Visit My YouTube channel at:  www.youtube.com/LowryTeam

 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

 

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830

West Chester & Liberty Township OH Real Estate: Tuesday Open House

West Chester & Liberty Township OH Homes For SaleWhat is Tuesday Open House??  Well, it’s clearly not an “open house”.  It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas.  It is not intended to be all about homes for sale, but it will be about that some of the time…

Wondering what homes are selling for in your neighborhood? Get your own personalized market update report for homes both currently for sale and homes that have sold in your neighborhood with our Market Snapshot System.  It’s quick, easy and best of all free!  The information comes straight from the Cincinnati Multiple Listing Service (MLS).  You can get yours by clicking here: 

West Chester, Liberty Township, Beckett Ridge, Fairfield Township & Mason Home Values

 

 Check out This Month In Real Estate (video) For March:

 

 

Your First Home eBook

 

 

Tax Credit Reminder: The clock continues to tick down on the tax credits.  Our First Time Homebuyer eBooks are still available and there is still time to take advantage of the tax credits and these historically low interest rates.  You can get the First Time Home Buyer eBooks by visiting LowryTeam.com here.  Just don’t wait too much longer.  You can read our previous article on the tax credits and First Time Homebuyers here.

 

Eric Lowry, Lowry Team Real Estate on Facebook

Our Facebook Fan Page of the week is: Cincinnati Magazine.  As of this writing they have 1383 fans.  Their site has a lot of very interesting information and recommendations on Cincinnati dining, entertainment and also good neighborhood and area information.  Check it out.

While you are on facebook checking Cincinnati Magazine out, please visit and become a fan of our facebook page located at www.facebook.com/LowryTeamRealEstate

 

 Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

 
 Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Visit My YouTube channel at:  www.youtube.com/LowryTeam

 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

 

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830

West Chester & Liberty Township OH Real Estate: Tuesday Open House

Tuesday Open HouseWhat is Tuesday Open House??  Well, it’s clearly not an “open house”.  It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas.  It is not intended to be all about homes for sale, but it will be about that some of the time…

For all of you fine dining fans out there, according to the Cincinnati Enquirer, the former Mesh restaurant located in West Chester, Ohio at Union Centre which closed Feb. 13, will be transformed into an “elegant, casual” Stone Creek Dining Company restaurant in the next couple of months.  You can get the full story on this West Chester Ohio restaurant here.

 

From my March Real Estate Newsletter:

HomeBuyers: Why Green Is Worth It.  For new and existing home buyers alike, the options to “green up” homes abound.  Green upgrades on homes offer two-fold benefits. They contribute to a healthier environment, both now and in the future, and they can save homeowners big when it comes to energy costs.

How much impact does a green home have on the environment, you ask? The government reports that Energy Star qualified homes built in 2009 are the equivalent of… You can read the entire article on green homes and other real estate market info in this months newsletter here.

 

Realtor.comRealtor.com update:  The Lowry Team’s homes listed for sale are now upgraded and enhanced with more photos and text than ever before.  Check out these West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio homes for sale here.

 

 

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

 
 Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Visit My YouTube channel at:  www.youtube.com/LowryTeam

 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

 

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830

West Chester OH Real Estate: New Listing 7983 Seabury Court

New Listing On LowryTeam.com

 

 
7983 Seabury Court, West Chester, Ohio 45069

West Chester, Ohio 45069

Lakota Schools

$219,900  - Four Bedrooms - Two Full & One Half Baths

This Is A Terrific Two Story Home In Villages Of Providence Subdivision:

  • Perfect For The First Time Homebuyer!
  • Warm, Inviting Family Room w/ Hardwood Floors & Gas Fireplace
  • Rear Staircase – Newer Carpet
  • Bright, Open Kitchen Includes Smooth Top Range & Microwave
  • Formal Dining Room 
  • Master Bedroom w/ Adjoining Garden Bath
  • All Bedrooms Are Spacious In Size And Have Ceiling Fans
  • Second Floor Laundry
  • Large, Flat Fenced Rear Yard
  • Located On A Cul-de-Sac Street
  • Close To Schools, Shopping & Expressways

Click here to see more information on this terrific West Chester, Ohio home for sale including many more photos

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

 
 Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Visit My YouTube channel at:  www.youtube.com/LowryTeam

 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830