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

Filed Under: Liberty Twp Community Info, Real Estate Information, West Chester Community Info Tagged With: , , , , , , , , ,

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

Filed Under: Liberty Twp Community Info, Real Estate Information, Real Estate Market Statistics Tagged With: , , , , , , , , ,

West Chester, Oh Real Estate: Now Is The Time To Buy!

December 29, 2008 By

Now Is The Time To Buy…

 

 

 

This home is a perfect home for the first time homebuyer with it’s many updates and terrific location in West Chester, Ohio.  With the historically low interest rates available today combined with the $7500. tax credit available to first time homebuyers right now and it truly IS THE TIME TO BUY!  Read my previous post on the first time homebuyer tax credit here.

8708 Willet Lane, West Chester, Ohio 45069

West Chester, Ohio 45069

Lakota Schools

$174,900  - Three Bedrooms – Two Full Baths, One Half Bath

This is a terrific, move in ready home in West Chester:

  • Full Of Upgrades
  • Warm, Inviting Family Room w/ Fireplace
  • Kitchen Features Corian Counters & Newer Appliances
  • Formal Living & Dining Rooms
  • Master Bedroom Features An Adjoining Full Bath
  • Finished Lower Level Rec Room
  • Patio Overlooks Large Rear Yard
  • New Furnace / AC In 2007
  • New Hot Water Heater In 2005
  • Newer Gilkey Windows
  • Close To Schools, Shopping, Dining & Expressways!

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

Moving to West Chester or Liberty Township, Ohio?  Request our Relocation Packet  It’s full of information about our area

 

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

Filed Under: Financing, New Listings, Real Estate Information Tagged With: , , , , , , , ,

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  

 

Filed Under: Liberty Twp Community Info, West Chester Community Info Tagged With: , , , , , , ,

It’s A Great Time To Buy A Home In West Chester And Liberty Township, Ohio

October 23, 2008 By

It really is a great time to buy a home.  Why??

Here are 6 reasons why now is the time to buy a new home in our area:

1.)  There is a great inventory of homes for sale right now – the selection is fantastic.  There are many great opportunities.  You can search homes for sale on my website:  Search homes for sale in West Chester and Liberty Township.

2.)  Interest rates are terrific right now.  As of today (10/23/08) a thirty year fixed rate mortgage is 5.80% with no points.   How low is this?  Consider that 18 months ago the rate was 6.49% with no points.  Keep in mind though, rates will not stay this low forever.

3.)  Owning a home is one of the best ways to build wealth.  When you are buying a home you are building equity and adding to your assets.

4.)  Tax breaks.  Owning a home provides great tax benefits including deductible items such as mortgage interest (both on your first and second), PMI or private mortgage insurance, and real estate property taxes.  Be sure to check with your tax professional.

5.)  If you are a first time home buyer you can take advantage of the first time homebuyer tax credit.  You can read more regarding this terrific opportunity in this recent post on my blog.  First time home buyer credit for West Chester and Liberty Township homebuyers

6.)  You can’t time the market.  You will never know when home prices have hit bottom until sales and prices have begun to increase. Buying a home now ensures a good price and good rate AND a piece of the market before our next major upturn. It is a buyer’s market now.

Are you a first time homebuyer looking for more information on buying a home?  I am happy to help!

Are you a current homeowner thinking of moving up to a larger or newer home?  Email me for more information on our Guaranteed Sale Program.

Check Out My Feature Homes For Sale!

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

Filed Under: Financing, Real Estate Information Tagged With: , , , , , , , ,

7570 Tylers Valley Drive, Tylers Reserve Subdivision – New Listing In West Chester, Oh 45069

October 5, 2008 By

My Newest Listing…

 8116 Lesourdsville West Chester Road, West Chester, Ohio 45069

7570 Tylers Valley Drive, West Chester, Ohio

West Chester, Ohio 45069

Lakota Schools

$399,900  - Four Bedrooms – Two Full Baths, One Half Bath

This is a beautiful, move in ready home in West Chester:

  • Terrific Tree-Lined Rear Yard
  • Two Story Foyer
  • Formal Dining Room w/ Recessed Ceiling, Crown Molding & Chair Rail 
  • Gourmet Kitchen Features Quartz Counters, Large Island w/ Counter Bar & Hardwood Floors
  • Two Story Great Room w/ Wall Of Windows And Custom Gas Fireplace
  • First Floor Study w/ French Doors
  • Large Master Suite w/ Adjoining Luxury Bath Featuring A Whirlpool Tub, Oversized Shower & Walk-In Closet
  • Large Deck Overlooks The Tree-Lined Rear Yard
  • Walkout Lower Level
  • Pool Community 
  • Close To Schools, Shopping, Dining & Expressways!

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

Moving to West Chester or Liberty Township, Ohio?  Request our Relocation Packet  It’s full of information about our area

 

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

Filed Under: New Listings, Real Estate Information Tagged With: , , , , , , , , ,

6184 Hillsdale Lane – Beckett Station – New Listing In West Chester, Oh 45069

May 11, 2008 By

New Listing In West Chester, Ohio 45069

 

My Newest Listing…

 6184 Hillsdale Lane, West Chester, Ohio 45069

6184 Hillsdale Lane West Chester, Ohio

Lakota Schools

$259,900  - Five Bedrooms – Three Full Baths, Two Half Baths

$249,900  Reduced $10,000!

Immediate Occupancy, Move In Ready Home In Beckett Station Subdivision in West Chester:

  • Bright, Open Floor Plan
  • Warm,Inviting Family Room w/ Fireplace
  • Formal Living and Dining Rooms
  • Large Kitchen Features Stainless Steel Appliances, Breakfast Bay & Planning Desk
  • Cathedral Master Suite w/ Adjoining Whirlpool Bath & Walk-In Closet
  • 1st Floor Bedroom w/ Adjoining Full Bath & Walk-In Closet
  • Finished Lower Level w/ Half Bath
  • Cul-de-Sac Street
  • One Year Home Warranty
  • Close To Schools, Shopping, Dining & Expressways!

To see more information on this home including many more photos click here

Moving to West Chester or Liberty Township, Ohio?  Request our Relocation Packet  It’s full of information about our area!

Looking for more information about this or any other home listed for sale, just call me or email me!

 

 

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

Filed Under: New Listings, Real Estate Information Tagged With: , , , , , , , , ,

1st Time Homebuyers Do’s and Don’ts For West Chester & Liberty Township, Ohio

May 7, 2008 By

 

First Time Buyers’ Dos And Don’ts

If you are a first time home buyer, you have a lot to learn.

Working from a blank slate you must build an understanding of the housing market, determine what you can afford, land a loan and hone in on a home that’s a good fit for your lifestyle.

The transaction will likely become your largest asset ever so there’s little room for error.

It is a daunting task, but you can ease your concerns if you take the process step-by-step, watching your footing as you move along the path toward the American Dream.

Below is a list of "Dos and Don’ts" to help first timers turn that stress into the self-confidence you’ll need to move closer to your first home.

The list focuses on areas first-timers typically stumble over in their initial home buying attempt. Knowing what you could face will help you avoid some of those trip ups.

The Dos:

DO examine your credit standing. You need to know your credit standing…

Click here to read the rest of this article in my May Real Estate Update Newsletter

 Also, FHA financing has really started to become the financing choice for a very large part of the homebuying market.  While it’s not just for 1st time homebuyers, it is perfect for them.  Read more about FHA financing here

As always your comments and questions are welcome!

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

Filed Under: Financing, Real Estate Information Tagged With: , , , , , , , ,

March 2008 Home Sales For West Chester & Liberty Township, Ohio

April 20, 2008 By

March 2008 Home Sales For West Chester & Liberty Township, Ohio

 

 

March 2007

March 2008

+ / -

Closed Units

111

104

-6.31%

Average Sale Price

$249,694

$224,510

-10.09%

Average Days On Market

85

91

+7.06%

Average List to Sale Price %

96.97%

95.17%

-1.80%

 Sales were once again down in March 2008 when compared to March of last year.  Unit sales (closings)  were down 6.31% in West Chester and Liberty Township.  The percentage decreases are smaller than they had been previously, for instance the 29.27% decrease that we saw in January  So the downside trend in unit sales may be slowing which is good news if it continues.

Average sale prices were down 10.09% over March of 2007 and there is no way to paint this statistic in a good light.  This is a huge decrease in the average sale price for West Chester and Liberty Township homes.  The median sale price was even worse, down 14.15% when compared to the month of March 2007.  Home prices are falling and these numbers reflect a continued and perhaps worsening trend.  The numbers from April will need to be closely examined to see if this is a one month drop or a continuing trend.  Thinking of selling?  Click here to learn the current market value of your home.

Interest rates continue to be very volitale.  In the last week I have seen a swing from 5.60% for a 30 year fixed rate mortgage to at weeks end 6.05%.  The rates are changing daily.  If you need a referral to a good lender with competitive rates and closing costs please let me know.

Moving to West Chester, Liberty Township, Mason Or Cincinnati, Ohio?  Click here to receive our Relocation Packet, full of information and completely free, with no obligation!

And finally, the Cincinnati Enquirer ran this story recently on the foreclosure problem in Ohio and some assistance that is available.  I am going to write a couple of posts on this issue of home foreclosure in the next week or so, so check back here for that.

Your questions and comments are always welcome!

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

Filed Under: Financing, Real Estate Information, Real Estate Market Statistics Tagged With: , , , , , ,
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