Archive for category Real Estate Data
Monthly Homes Sold Report – February 2011
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on March 6, 2011
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The Northeast Cincinnati Analysis for February 2011 shows a very consistent number of homes sold. 46 homes were sold in February 2011 — 45 homes were sold in January 2011, and 45 homes were sold in Feburary 2010. This equates to a Homes Sold growth rate of 2.2% for both month-to-month and year-to-year. Total homes sold dollar volume for February 2011 was $13.7 million, which compares to $19.6 million in January 2011, a 30.2% month-to-month reduction. Yearly February comparisons were much closer, because February 2010 total dollar volume was $14.7 millon – a 6.8% decrease year-to-year. |
Use a REALTOR or sell it alone?
Posted by Kathy Landstra in Home Sellers, Real Estate Data on March 4, 2011
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Homegain.com, one of the many online real estate providers, recently surveyed over 1,000 home sellers. According to their survey, fifty-nine percent of home owners that used a REALTOR to sell their home were successful vs. 39 percent of For Sale By Owner’s, reflecting a 50 percent higher closing rate for those home sellers using a REALTOR. If you would like more information about the survey from Homegain, follow this link to the real estate blog from Homegain. |
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Monthly Homes Sold Report – January 2011
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on February 10, 2011
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The Northeast Cincinnati Analysis for January 2011 shows a 29% decline in the number of homes sold compared to December 2010. Homes Sold in January 2011 was 45 and this past December the number was 64. January 2011 compared to last year showed growth rate of 5% when Northeast Cincinnati Homes Sold total was 43 in January 2010. Total homes sold dollar volume for January 2011 was $19.6 million, which compares to $25 million in December 2010, a 21.5% month-to-month reduction. Yearly January comparisons were almost the identical inverse, because January 2010 total dollar volume was $15.5 millon – a 26.2% increase year-to-year. |
Fast Facts – Home Builders’ Economic Effect
Posted by Kathy Landstra in Real Estate, Real Estate Data on January 19, 2011
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According to an article published by the Associated Press today, the National Association of Home Builders claims some interesting economic effect for each home built. Their report says that each home built accounts for three jobs for one year and means $90,000 in various tax revenues. More about Home Builders and their end-of-year permit rush at msnbc.com. |
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Homes Sold Annual Report 2010
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on January 14, 2011
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As shown by the chart on the left, Sycamore Township had the highest percentage of homes sold in Northeast Cincinnati for 2010. The 2010 volume of 147 was actually 2 homes sold ahead of 2009′s total of 145 homes sold. You can find more information on homes sold volume, total value analysis, average listing price, and average sold price for each of the ten neighborhoods we track in our 2010 Annual Homes Sold Analysis Report. You will need a PDF reader to access report. Click the title below.
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Home Price Declines – National View
Posted by Kathy Landstra in Real Estate, Real Estate Data on January 13, 2011
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The Los Angeles Times recently published this chart of the steepest home price declines in the U.S. It shows the major metropolitan areas (population greater than 250,000) with the greatest reduction in home prices from 2006-2008. It’s striking to see the concentration in California and Florida. Our “national crisis” has be greatly affected by essentially two states — and the automotive industry. The complete Home Price Decline article has a listing of the metropolitan areas and the percentage drop for the three-year period. |
Chart courtesy LA Times |
2011 Predictions and Observations
Posted by Kathy Landstra in Real Estate, Real Estate Data on January 11, 2011
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Photo courtesy corydalus via Flickr |
It seems that the New Year brings predictions and observations for all parts of our lives, and Real Estate is no different. Of the dozens of articles that I’ve seen, here are just a few that I’ve notices lately:
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Monthly Homes Sold Report – December 2010
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on January 9, 2011
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The December data does show a tick up for residential real estate sales in Northeast Cincinnati. Interesting volume for the number of homes and the total value of homes sold was seen this past December. Given the recent history of real estate sales, we’ll need to wait a month or two to see if this begins an upward trend. The Northeast Cincinnati Analysis for December 2010 shows a 23% increase in the number of homes sold over November 2010. Homes Sold in December 2010 was 64 and this past November the number was 52. The yearly growth rate increase was slightly below that at 16% when Northeast Cincinnati Homes Sold total was 55 in December 2009. The total dollar volume for homes sold in Northeast Cincinnati offers some dramatic data for December 2010. Total homes sold dollar volume for December 2010 was $25 million, which compares to $16.9 million in November 2010, a 48% month-to-month increase. Yearly December increases were almost identical, because December 2009 total dollar volume was $17.2 millon – a 44% increase year-to-year. |
Monthly Homes Sold Report – November 2010
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on December 12, 2010
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The November data does not provide any surprises or cause any significant alarm. Althouth, like last month, the total dollar volume for homes sold in Northeast Cincinnati is much higher than November 2009. The Northeast Cincinnati Analysis for November 2010 shows a 13% decrease in the number of homes sold over October 2010. Homes Sold in November 2010 was 52 and this past October the number was 60. The yearly reduction was almost identical at 12% when Northeast Cincinnati Homes Sold total was 59 in October 2009. The total dollar volume was again an interesting highlight for November. November 2010 total dollar volume was $16.88 million. November 2009 was $13.96 million. This is a 20% increase from last year. Total dollar volume in October 2010 was $22.92 million, which means November 2010 was 26.4% less than October, but this is an expected month-to-month trend as we head toward the Holidays and year’s end. |
Monthly Homes Sold Report – October 2010
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on November 7, 2010
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The October numbers are fairly consistent with what last year looked like, but the total dollar volume is significantly different. This is true for month-to-month (i.e., Sep-10 vs. Oct-10) and year-to-year (i.e., Oct-09 vs. Oct-10). The Northeast Cincinnati Analysis for October 2010 shows a 10% decrease in the number of homes sold over September 2010. Homes Sold in October 2010 was 60 and this past September the number was 66. The yearly reduction was slightly less at 7.69% when Northeast Cincinnati Homes Sold total was 65 in October 2009. The total dollar volume for October was a bright spot in this analysis. October 2010 total dollar volume as $22.93 million. October 2009 was $19.32 million. This is a 18.7% increase from last year. Total dollar volume in September 2010 was $19.71 million, which means October 2010 was 22.6% higher than September. |
Monthly Homes Sold Report – September 2010
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on October 10, 2010
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The September numbers seem to indicate that the seasonal Fall slowdown began one month earlier than normal this year. September 2010 looks alot like October from previous years. The Northeast Cincinnati Analysis for September 2010 shows a 13.2% decrease in the number of homes sold over August 2010. Homes Sold in September 2010 was 66 and this past August the number was 76. The yearly reduction was more substantial at 24% when Northeast Cincinnati Homes Sold total was 87 in September 2009. One month ago when we looked at the August numbers, we had reason for local optimism, but the September analysis indicates some continued softness in the residential real estate market for Northeast Cincinnati The total dollar volume for Septmeber also decreased. September 2010 total dollar volume as $18.71 million. September 2009 was $26.04 million. This is a 28% decrease from last year. Total dollar volume in August 2010 was $32.44 million — 42% higher than September. August was actually a pretty good statistical month in Northeast Cincinnati. All things considered. |
Monthly Homes Sold Report – August 2010
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on September 12, 2010
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The numbers for August seemed surprisingly consistent. It would be nice to say “The number were strong.” But there are still some underlying concerns about our local market. The Northeast Cincinnati Analysis for Augst 2010 shows only a 3.8%% decrease in the number of homes sold over July 2010. Homes Sold in August 2010 was 76 and in July the number was 76. Based on everything we’re hearing about the real estate market, only this small reduction seems very positive for Northeast Cincinnati. The yearly reduction was only slightly higher at 5% from August 2009 when Northeast Cincinnati Homes Sold was 80. Again, this it is encouraging that we’re somewhat stable compared to 2009. Hopefully this will start to indicate a move up. The total dollar volume for August actually increased. August 2010 total dollar volume as $32.44 million. August 2009 was $27.46 million. This shows an encouraging increase of 18.11% in total dollar volume since last year. Total dollar volume in July 2010 was $24.81 million — 31% lower than August. August was actually a pretty good statistical month in Northeast Cincinnati. All things considered. |
Case-Shiller: Home Price Index – June 2010
Posted by Kathy Landstra in Home Sellers, Real Estate Data on September 5, 2010
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The monthly Standard & Poor Case-Shiller Home Price Report was released this past week for June 2010. The 20 City Composite continued it’s upward swing. June 2010 marks the third consecutive month of increases. June’s 20-city composite of 147.81 was .3% higher than May 2010. June was 1.10% higher than January 2010. And June 2010 is 4.22% higher than June 2009. You can find more information about the most recent Standard & Poor’s Case-Shiller report at these links: |
New Home Sales Drop
Posted by Kathy Landstra in Real Estate Data on August 27, 2010
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Graphic Source: MSNBC.com |
Visit msnbc.com for breaking news, world news, and news about the economy |
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New home sales were down a surprising 12% last month to a seasonally adjusted annual sales pace of 276,600. We have to go back to 1963 to see a slower pace for new home sales. If you would like more information here are a few links to articles: |
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Most (and least) Affordable Cities
Posted by Kathy Landstra in Home Buyers, Real Estate Data on August 22, 2010
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According to the latest survey from the National Association of Home Builders and Wells Fargo, housing affordability is at record levels. As is typical in these kinds of analysis, the midwest fares much better than either coast. You can see the complete slideshow and a description of the current state of housing affordability at: CNNMoney Housing Affordability. |
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What is a Home Warranty?
A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.
What is a Short Sale?
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.
