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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Open House – Sunday, February 20
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate on February 20, 2011
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Listed by: Kathy Landstra |
Open HouseSunday, February 20, 2011 I will be holding two homes open on Sunday. The schedule will be as follows:
For more information, click the links above or mouse over the pictures and ‘Click’. I hope to see you on Sunday!
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Listed by: Kathy Landstra |
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. |
New Listing in Deer Park, Ohio
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers, Home Sellers on February 6, 2011
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Listed by: Kathy Landstra |
Meticulously Detailed – Deer Park4318 Glenway Ave Charming Cape Cod that is meticulously updated inside and out! Expanded first floor master bedroom, with beautiful marble bath; updated kitchen, new roof and windows. Too many upgrades to list. Nothing to do but move-in and enjoy! |
Open House – Sunday, January 23
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers, Real Estate on January 22, 2011
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Listed by: Kathy Landstra |
Open HouseSunday, January 23, 2011 I will be holding two homes open on Sunday. The schedule will be as follows:
For more information, click the links above or mouse over the pictures and ‘Click’. I hope to see you on Sunday!
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Listed by: Kathy Landstra |
New Listing in Kenwood, Ohio
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers, Home Sellers on January 21, 2011
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Listed by: Kathy Landstra |
Special Cape Cod in Kenwood7112 Silvercrest Drive Cape Cod with wonderful features that include nine-foot ceilings, lead-paned windows, arched doorways, tiled fireplace and hardwood floors. Convenient to highways and shopping. Great opportunity to make this house your home! |
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 |
New Listing in Indian Hill
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers on January 12, 2011
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Listed by: Kathy Landstra |
Beautifully Updated Home!7807 Shawnee Run Wonderful and spacious tudor-style home on a private wooded lot in Indian Hill. Updates include a remodeled kitchen, an expanded family room, a walkout solarium and new windows. Charming detail throughout with coved ceilings & arched doorways. A fabulous home! |
Cincinnati – Most Affordable City List
Posted by Kathy Landstra in Cincinnati Real Estate on January 12, 2011
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Photo courtesy mbbnda via Flickr |
According to Forbes real estate analysis, Cincinnati, Ohio ranks highly as one of the most affordable cities in the U.S. To make the list cities had to rank highly in the areas of home prices, overall cost of living, salaries for college graduates, and unemployment rates. WCPO-TV, a local Cincinnati station, has additional information, or you can see the entire article at forbes.com. |
Sibcy Cline – Top 100 Cincinnati Brands
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate on January 11, 2011
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According to the Cincinnati Business Courier’s 2011 Book of Lists: Sibcy Cline is one of Cincinnati’s Top 100 Brands. |
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. |
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.
