Archive for Real Estate – Page 2

Real Estate Data

Monthly Real Estate Sales Report—June-July, 2013

Wow!  The market is hot!  Days on market has decreased, and the differential between asking and selling prices have decreased as well.  The number of houses sold has increased in every neighborhood.

Neighborhood # sold Active Listings Average List Average Sale Price Days on Market
Mariemont 15 31 480,345 442,993 62
Terrace Park 7 28 652,750 435,286 105
Indian Hill 13 91 1,721,347 1,274,231 70
Maderia 20 49 388,451 293,737 40
Madison Place 2 15 109,327 106,450 30
Hyde Park 46 75 500,472 411,750 41
Newtown 7 14 236,186 227,557 48
Joe Stoner-Housing

Photo By Joe Stoner. Visit Joe at mariemontphotos.com

Real Estate Data

Monthly Real Estate Sales Report—May-June, 2013

In general, the number of houses on the market has decreased, and the average days prior to sale have markedly decreased. The differential between asking and selling price has not changed much, but the average sale price has increased a little.

Neighborhood # sold Active Listings Average List Average Sale Price Days on Market
Mariemont 8 30 486,557 436,473 89
Terrace Park 4 26 697,923 490,875 40
Indian Hill 17 84 1,736,637 1,070,029 75
Maderia 17 36 415,151 271,099 50
Madison Place 15 112,093
Hyde Park 33 80 457,863 389,060 56
Newtown 4 14 222,657 159,750 45
Joe Stoner-Housing

Photo By Joe Stoner. Visit Joe at joe-stoner.com

Real Estate Data

Monthly Real Estate Sales Report—April-May, 2013

From here on we will be posting the statistics for Mariemont and adjacent communities.

Neighborhood # sold Active Listings Average List Average Sale Price Days on Market
Mariemont 9 42 452,557 369,667 130
Terrace Park 4 26 676,388 196,250 134
Indian Hill 5 90 1,716,806 1,465,900 119
Maderia 9 40 399,555 252,090 32
Madison Place 1 14 118,564 98,000 19
Hyde Park 25 88 459,303 298,880 66
Newtown 4 13 263,862 157,625 134
Joe Stoner-Housing

Photo By Joe Stoner. Visit Joe at joe-stoner.com

A Real Estate Trend?

Monthly Real Estate Sales

Report—March-April, 2013

After 20 straight months of increased home sales in Greater Cincinnati, the Cincinnati Area Board of Realtors reports a 14.8 percent increase in February sales and active listings or houses available for sale down 15.5 percent from March 2012.

Those looking for homes in Mariemont and all realtors complain that there is insufficient inventory of homes for sale to meet the demand in Mariemont. Even though in the Greater Cincinnati region demand has increased relative to supply, prices have inched up only 3 % in Southwest Ohio during 2012.

During the past six months (November, December, January, February, March and April) in Mariemont, 103 homes have sold from a cumulative inventory month-over-month of 289. This month the average selling price has decreased, but there are no trends present. The average days on market have varied and show no consistent pattern.

It is difficult to identify a distinct trend, but the market does seem to be improving from a homeowner’s standpoint in Mariemont.

We have posted these real estate transactions for Mariemont and adjacent communities for the past eighth months and plan to continue. To compare months look in the archives of our posts.

Neighborhood # sold Active Listings Average List Average Sale Price Days on Market
Mariemont 6 43 462,398 288,000 43
Terrace Park 4 23 639,200 430,475 63
Indian Hill 7 82 1,734,303 913,957 121
Maderia 17 42 400,611 219,429 75
Madison Place 1 12 111,208 124,000 89
Hyde Park 33 89 400,180 337,239 59
Newtown 5 17 258,865 131,800 76

A Real Estate Trend in Mariemont?

After 20 straight months of increased home sales in Greater Cincinnati, the Cincinnati Area Board of Realtors reports a 14.8 percent increase in February sales and active listings or houses available for sale down 15.5 percent from March 2012.

Mariemont residents and realtors, George Peck and Jerry Garrison complain that there is insufficient inventory of homes for sale to meet the demand in Mariemont. Even though in the Greater Cincinnati region demand has increased relative to supply, prices have inched up only 3 % in Southwest Ohio during 2012.

During the past five months (November, December, January, February and March) in Mariemont, 97 homes have sold from a cumulative inventory month-over-month of 283. The average selling price has gone from $322,000 to $350,604 over this five month period. The average days on market have varied and show no consistent pattern.

It is difficult to identify a distinct trend, but the market does seem to be improving from a homeowner’s standpoint in Mariemont.

Real Estate data for February-March

Information from Sotheby’s Realty

Neighborhood # sold Active Listings Average List Average Sale Price Days on Market
Mariemont 5 32 428,647 350,04 131
Terrace Park 1 18 674,278 1,125,000 85
Indian Hill 5 78 1,669,365 1,036,900 89
Maderia 7 49 378,965 218,857 115
Madison Place 2 13 107,662 88,500 168
Hyde Park 12 90 390,703 324,238 95
Newtown 1 19 210,661 600,000 54

What makes Mariemont so special?

In the main, the ‘blue ribbon’ Mariemont School System and the retention of real-estate values are major selling points. But there is much more and to me three words sum up the Mariemont experience: community, convenience and charm.  Whether walking, jogging or riding a bike down Mariemont’s flat tree-lined boulevards, its 3500 residents meet and greet to exchange the niceties of family life, schools, neighbors and local events. As a destination, the town is a center of commercial enterprise, entertainment, historical importance and attractive Tudor architecture. This remarkable cosmopolitan town is just a short drive to all other cultural, sporting, civic and shopping venues that Cincinnati boasts. There is no other community that can match the amenities of Mariemont living in Cincinnati.

Mariemont Theater

Pictures on this post by Joe Stoner