I hope you are enjoying this beautiful Sunday afternoon on August 12th!  I am so glad that the heat has eased up a bit and we can all sleep a little better with these recent, cooler nights!  The nights may be cooler now, but real estate is still hot in Union!  It's a great time to buy in the Union market...with low interest rates, great price tags on homes and the rush of seller's hoping to sell before the holidays set it, you can't help but want to at least take a look at the inventory of homes on parade in Union these days!  So let's get started with the AUG 2012 update on single family homes in Union KY These marketing stats will be your clue to selling and buying in this incredible market.

Today, Aug 12th, we have 172 homes for sale in the Union area with a median list price of $168,800.  The average days on market expectation for these homes before they sell is now at 143 days, so sellers take note. We also should point out that there are currently 56 Union sales pending right now, with a median sale price of $244,950 and an average days on market of 120.  

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 149 Union single family homes were sold with a median list price of  $242,255 and a median sale price of  $235,000.   That means there was a 3% spread between asking and final sales price.  Compared with last month's 4.1% spread, we are starting to see a shrinkage of elasticity in this area, however, we are still not back to the 1.3% elasticity we saw last Spring.   Nonetheless, it is interesting to note here that the statistics of 3% can translate into as much as $6,000 less on a $200,000 home. 

 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