WELCOME MASON BUYERS AND SELLERS!
Today we have 144 single family homes listed for sale in Mason, ranging in price from $68,500 to $2,249,000. We also have 50 homes in the area that are officially pending.
The true litmus test for predicting marketing analytics is found in Mason 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 216 Mason homes were sold within the last 6 months with an median list price of $292,500 and a median sale price of $281,650. That means the spread between asking and final sales price was just about 3.8%...something to note if you are buying or selling in Mason these days!
If you are a seller, your best plan is to price your home right to attract the buyers and compete with the competition, but expect that there may be a spread of up to 3.8% to settle the deal. That can mean up to to $7,600 less on an asking price of $200,000. If you are buying Mason, then consider your offer carefully and stay within the elasticity of the market to make sure you do not fall out of the deal.
As noted in one of my earlier blogs, the market is definately starting to change where the actual housing inventory is starting to drop. So buyers, get out there and find your deal now. Have pre-approval in hand and be ready to bid when you find the right home for you! With a large pool of buyers still out there to take advantage of the low interest rates, and a decrease in the number of homes up for sale, you will loose out on the deal if you are not one of the first to place your purchase to offer.
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 & 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 Realty / www.mileshometeam.com / 513.673.7726 / firstname.lastname@example.org