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The Northeast Cincinnati Analysis for January 2010 shows a 71.57% increase in total home sold value when compared to January 2009. ($15.5M Jan-10 vs. $9.0M Jan-09) But we can’t get too excited. A look at the comparable two month (Dec+Jan) totals shows a much closer comparison: $32.8M in 2010 vs. $30.1M in 2009. This comparison shows a much more reasonable growth of 8.9% this year, and it surely indicates the slow down in December 2009 resulted in a more normal burst in January. As the graphic shows, year-to-year, Indian Hill (1 to 4), Mariemont (1 to 4), Montgomery (3 to 6), and Sycamore Township (3 to 6) saw the most positive, statistically significant increase in Homes Sold. You can see full neighborhood statistics by clicking over to the Neighborhood Resource Page and clicking on your neighborhood of choice. |
Monthly Homes Sold Report – January
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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.
