West Chester | Liberty Township Real Estate and Community News » West Chester Ohio Realtor http://blog.lowryteam.com West Chester and Liberty Township Ohio Real Estate Blog Tue, 31 Aug 2010 20:24:27 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 West Chester & Liberty Township Real Estate: Buying A Home Today http://blog.lowryteam.com/2009/04/20/west-chester-liberty-township-real-estate-buying-a-home-today/ http://blog.lowryteam.com/2009/04/20/west-chester-liberty-township-real-estate-buying-a-home-today/#comments Mon, 20 Apr 2009 23:36:07 +0000 Eric Lowry http://lowery.realty-buzz.com/?p=139

 

What You Need to Know to Buy a Home Today

Don’t let a sluggish economy get you down. There are reasons to shop for personal items—including a new home. I recently saw an advertisement for a new car that said you could return the car in the first year if you lose your job. While there may not be that incentive for homes yet, some other perks might give you reason to start your housing search.

If you can afford to buy, consider making homeownership a goal this year, especially if you haven’t owned a principal residence in three years prior to buying. The new stimulus package sweetens the deal for homebuyers who purchase a residence on or after January 1, 2009, and before December 1, 2009. The incentive is for first-time homebuyers who remain in their home for at least three years. It provides a credit for 10 percent of the home purchase price, up to an $8,000 limit. The credit can be taken on your 2008 or 2009 tax return.

If you close on a home after the April 15 tax deadline, you can apply for an extension provided that you close on your home before the extension deadline of October 15. If you’re extra speedy and have already filed your 2008 return, don’t worry — you can file an amendment to claim the credit. You have three years to do that. You’ll need IRS Form 1040X to do that.

Taking the credit on your 2009 return or getting the benefit now, before filing your return, by adjusting your income wage withholding are also options…

Read the entire article in my April Real Estate Update Newsletter

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
]]> http://blog.lowryteam.com/2009/04/20/west-chester-liberty-township-real-estate-buying-a-home-today/feed/ 0 West Chester, Ohio Real Estate: New Listing In Tylers Reserve! http://blog.lowryteam.com/2009/04/15/west-chester-ohio-real-estate-new-listing-in-tylers-reserve/ http://blog.lowryteam.com/2009/04/15/west-chester-ohio-real-estate-new-listing-in-tylers-reserve/#comments Wed, 15 Apr 2009 20:24:40 +0000 Eric Lowry http://lowery.realty-buzz.com/?p=136

My Newest Listing…

 

 

7763 Tylers Reserve Drive, West Chester, Ohio 45069

West Chester, Ohio 45069

Lakota Schools

$365,000  - Four Bedrooms - Three Full Baths, One Half Bath

This is a terrific two story home in West Chester, Ohio:

  • Located In A Pool Community!
  • Tree lined wooded lot
  • Beautiful patio setting – perfect for entertaining
  • Former Zicka Walker model home 
  • Cathedral Family Room w/ Fireplace
  • Large Island Kitchen w/ Breakfast Bay
  • First Floor Study w/ Hardwood Floors
  • Formal Dining & Living Rooms
  • Cathedral Master w/ Luxury Bath
  • Finished Lower w/ Full Bath
  • Three Car Garage
  • 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
]]> http://blog.lowryteam.com/2009/04/15/west-chester-ohio-real-estate-new-listing-in-tylers-reserve/feed/ 0 Liberty Township, OH Real Estate Update: January 2009 http://blog.lowryteam.com/2009/01/13/liberty-township-oh-real-estate-update-january-2009/ http://blog.lowryteam.com/2009/01/13/liberty-township-oh-real-estate-update-january-2009/#comments Tue, 13 Jan 2009 21:24:31 +0000 Eric Lowry http://realestate-ink.com/?p=57

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
]]> http://blog.lowryteam.com/2009/01/13/liberty-township-oh-real-estate-update-january-2009/feed/ 0 West Chester, Oh Real Estate: Now Is The Time To Buy! http://blog.lowryteam.com/2008/12/29/west-chester-ohio-real-estate-now-is-the-time-to-buy/ http://blog.lowryteam.com/2008/12/29/west-chester-ohio-real-estate-now-is-the-time-to-buy/#comments Tue, 30 Dec 2008 00:04:59 +0000 Eric Lowry http://realestate-ink.com/?p=51

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
]]> http://blog.lowryteam.com/2008/12/29/west-chester-ohio-real-estate-now-is-the-time-to-buy/feed/ 0 Liberty Township, Ohio Real Estate: New Listing 6636 Eagle Creek Drive http://blog.lowryteam.com/2008/12/14/liberty-township-ohio-real-estate-new-listing-6636-eagle-creek-drive/ http://blog.lowryteam.com/2008/12/14/liberty-township-ohio-real-estate-new-listing-6636-eagle-creek-drive/#comments Sun, 14 Dec 2008 22:10:36 +0000 Eric Lowry http://realestate-ink.com/?p=48

My Newest Listing…

 

6636 Eagle Creek Drive, Liberty Township, Ohio 45011

6636 Eagle Creek Drive, Liberty Township, Ohio 45011

6636 Eagle Creek Drive, Liberty Township, Ohio 45011

Liberty Township, Ohio 45011

Lakota Schools

$289,900  - Four Bedrooms – Two Full Baths, One Half Bath

This is a beautiful, move in ready home in Liberty Township:

  • 2900+ Square Foot Custom Built Home
  • Two Story Foyer w/ Hardwood Floors
  • Two Story Great Room w/ Beautiful Stone Fireplace
  • Large Kitchen Features Island, Hardwood Floors, Breakfast Nook & Planning Desk
  • Formal Dining Room w/ Recessed Ceiling, Crown Molding & Chair Rail
  • First Floor Study w/ Oak Paneling & French Doors
  • Cathedral Master Suite Features A Sitting Room w/ Fireplace, Luxury Bath & Huge Walk-In Closet
  • Terrific Three Season Room Overlooks Rear Yard
  • Walkout Lower Level
  • Three Car Garage
  • One Year Home Warranty
  • Close To Schools, Shopping, Dining & Expressways!

Click here to see more information on this terrific Liberty Township, 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
]]> http://blog.lowryteam.com/2008/12/14/liberty-township-ohio-real-estate-new-listing-6636-eagle-creek-drive/feed/ 0 West Chester Oh Real Estate: October 2008 Home Sales http://blog.lowryteam.com/2008/12/06/west-chester-oh-real-estate-october-2008-home-sales/ http://blog.lowryteam.com/2008/12/06/west-chester-oh-real-estate-october-2008-home-sales/#comments Sun, 07 Dec 2008 00:02:20 +0000 Eric Lowry http://realestate-ink.com/?p=47

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

 

 

October 2007

October 2008

+ / -

Closed Units

102

97

-4.90%

Average Sale Price

$229,333

$225,545

-1.65%

Average Days On Market

92

72

-21.74%

Average List / Sale Price %

96.09%

94.98%

-1.11%

 Sales were once again down in October 2008 when compared to October of last year.  Unit sales (closings)  were down 4.90% in West Chester and Liberty Township.  The percentage decrease is smaller than it has been previously, continuing a pattern of inconsistency in sales.  We have a little burst of activity and then it slows again.  Average sale prices were down 1.65% over October of 2007.  This is a smaller decrease than we have been seeing in recent months.  To determine if this is a change in the overall trend of the average sale price for West Chester and Liberty Township homes we will need to be closely examining the sales figures for the coming few months. 

Thinking of selling?  Click here to learn the current market value of your home.

Interest rates continued their dramatic drop this week.  This week we saw a drop to at weeks end 5.30% for a 30 year fixed rate mortgage.  An FHA 30 year fixed rate mortgage is currently 5.50%.  These are great rates that 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!

posted by Eric LowryEmail Me | Search For Homes

www.LowryTeam.com | P: (513) 874-1830    
 
 
 

 

 
]]> http://blog.lowryteam.com/2008/12/06/west-chester-oh-real-estate-october-2008-home-sales/feed/ 0 New Listing In West Chester, Ohio 45069 http://blog.lowryteam.com/2008/04/21/new-listing-in-west-chester-ohio-45069-2/ http://blog.lowryteam.com/2008/04/21/new-listing-in-west-chester-ohio-45069-2/#comments Mon, 21 Apr 2008 17:00:45 +0000 Eric Lowry http://realestate-ink.com/2008/04/21/new-listing-in-west-chester-ohio-45069-2/

My Newest Listing…

 8116 Lesourdsville West Chester Road, West Chester, Ohio 45069

8116 Lesourdsville West Chester Road

West Chester, Ohio 45069

Lakota Schools

$199,900  - Four Bedrooms – Two Full Baths, One Half Bath

This is a beautifully decorated, move in ready home in West Chester:

  • Bright, Open Floor Plan
  • Warm,Inviting Family Room w/ Fireplace
  • Formal Living and Dining Rooms
  • Island Kitchen Features Maple Cabinets, Breakfast Bay & Large Pantry 
  • Luxury Master Suite w/ Adjoining Garden Bath & Walk-In Closet
  • Terrific Covered Rear Porch Overlooks Large, Fenced Rear Yard 
  • Walkout Basement
  • 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!

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830
]]> http://blog.lowryteam.com/2008/04/21/new-listing-in-west-chester-ohio-45069-2/feed/ 0