2012 MARCH REPORT - KENTON COUNTY REAL ESTATE
Welcome all Kenton County sellers and buyers! Let's take a look at how 2012 inventory for single family homes is stacking
up in Kenton County this month. Today, March 19th, we have a whooping 895 homes for sale in Kenton County witha median list price of $126,900. (That's 236 more homes than Boone County currently has active! Is this season getting started or what??!!!) The average days on market expectation for these homes before they sell is now at 126 days, so sellers take note. (Boone County medians show 130 days so selling days are about the same between counties.) We also should point out that there are currently 255 Kenton County sales pending right now, with a median sale price of $30,450 and an average days on market of 100. (Just think, with pendings plus actives, Kenton is overflowing with $1,150 homes! Now that is a lot of homes!) We are starting into the buying season with good weather, lots of buyers and lots of great deals to consider. We are also seeing an uptick in the number of HUD homes released into the area. If you are thinking of buying in Kenton County, get out there and take a look at some of these deals! Couple that with the possibility of your home approved for USDA coverage (no money down areas) and you may just come up with one of the sweetest deals yet!
The true litmus test for predicting marketing analytics is found in Kenton County 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, we find that another whopping amount of 657 Kenton County Homes were sold in the last 6 months with a median list price of $12,000 and a median sale price of $10,000. That means there was a 17% spread between asking and final sales price...quite some elasticity and something to note if you are buying or selling in this market! It will be interesting to see how that elasticity will change as we head into the summer months. One thing is sure, we have a lot of inventory in Kenton County and that means it is still, unquestionably, a buyer's incredible market!
If you are looking for your dream home in Kenton, you might want to search the cities below. Just note, however, that some homes in Crittenden, Erlanger, Florence and Demossville are also in parts of Pendleton, Grant and Boone Counties.
All the best in 2012! 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 (Florence, Erlanger, Union, Richwood, Burlington, Hebron, Taylor Mill and surrounding areas) and in Cincinnati, OH (Hyde Park, Oakley, Clifton, Mt. Adams and surrounding areas). 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 /firstname.lastname@example.org