just ask cathy...
Helping to educate buyers & sellers to make sound real estate decisions.

WELCOME UNION BUYERS AND SELLERS! Let's take a look at how the JULY 2012 single family home inventory is stacking up for the Union KY area now that we've just reached the middle of this extremely HOT month!  These marketing stats will be your clue to selling and buying in this market. (HINT:  It is a HOT month for buyers this month in Union!)

Today, July 16th, we have 182 homes for sale in the Union area with a median list price of $163,400.  The average days on market expectation for these homes before they sell is now at 112 days, so sellers take note.  We also should point out that there are currently 49 Union sales pending right now, with a median sale price of $250,000 and an average days on market of 126.  

The true litmus test for predicting marketing analytics is found in Union homes that have sold in the last 6 months.  These are the homes that the appraisers are looking for as new comparatives to rank new appraisals in the market.  So if we take a look at the solds for the area in the last 6 months, we find that 148 Union single family homes were sold with a median list price of  $239,000 and a median sale price of  $229,250.   That means there was a 4.1% spread between asking and final sales price.  Unbelievably, the elasticity in this market has stretched itself out slightly from the Spring when we were at 1.3% elasticity.  But buyers, before you go in with your low bids, please consult with your Realtor® as there are some instances where buyers are bidding at or over the sales price, especially in the area of foreclosures.  Nonetheless, it is interesting to note here that the statistics of 4% can translate into as much as $8,000 less on a $200,000 home!  Now IS the time to buy in Union!!!!   The market and the weather are both HOT HOT, HOT in Union!

If you are looking for your dream home in Union, you might want to consider searching current deals in these categories:

$0 - $125,000                       $125,000 -  $150,000        $150,000 - $200,000        

$200,000 - $250,000         $250,000 - $350,000           $350,000 - $450,000       

 $450,000 - $550,000        $550,000 - $625,000           $625,000 and up

Proceed with knowledge and be empowered to make the right decisions in all your real estate transactions!
NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®  
I specialize in helping buyers and sellers with their real estate needs in Northern KY and in Cincinnati, OH .  With passion, I invite you to board my boat for your next destination and allow me the opportunity to help you navigate the ever changing currents of this incredible market! 

  just ask cathy...513.673.7726
Helping to educate buyers & sellers to make sound real estate decisions.
KY /OH Realtor®/EXIT/www.mileshometeam.com / I-Fax: 888.398.3974 /cathy@mileshometeam.com