WELCOME BOONE COUNTY BUYERS AND SELLERS! Let's take a look at how 2012 inventory is stacking up for the Boone County area as we start into the third week of the NEW YEAR.
Today, January 17th, we have 642 homes for sale in Boone County of which a median list price of $84,900. The average days on market expectation for these homes before they sell is now at 71 days, so sellers take note. We also should point out that there are currently 131 Boone County sales pending right now, with a median sale price of $113,400 and an average days on market of 78. It appears statisticaly that while homes had an uptick in price for the pendings, there seems to be a small tick down again, but not as low as the past 6 months average which we'll discover in the next paragraph.
The true litmus test for predicting marketing analytics is found in Boone 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 563 Boone County Homes were sold with a median list price of $61,450 and a median sale price of $52,251. That means there was a whopping 15% spread between asking and final sales price...something to note if you are buying or selling in this market. By the way, the average days on market for these last 6 months was 39 days, just under one month of what is projected it will take to sell new inventory.
Statistically, Boone County appears to be ticking up and down in the price market, but not quite as low as 6 months ago. There are still great deals to found at the current prices. If you are looking for your dream home in Boone County, you might want to search the cities below. Just note, however, that some homes in Crittenden, Erlanger and Florence are also in parts of Kenton County and some homes in Verona are also in parts of Gallatin County.
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