2012 Midyear Update For Warren County Property Values By Schools

By
Real Estate Agent with RE/MAX Elite 513.265.3004 www.LizTour.com SAL.2002007747

Warren County Ohio Residential Sales information2012 Midyear Update For Warren County Property Values By Schools

How are the various Warren County school district home values performing?  Are they showing recovery in value?  We've extended our analysis from our Warren County home value April report to include the 2nd quarter of 2012.  All data is obtained from Cincinnati MLS and is for a combination of single family residences and condominiums.  We're comparing 2011 complete year to each quarter of 2012.  We're only covering the districts that are primarily in Warren County, there are others on the edges of the county (e.g. Goshen, Loveland, Blanchester, Clinton Massie) that primarily belong to adjacent counties.

Here's the summary table for the 2012 comparison to 2011:

Warren County Ohio Residential Sales information by school district

We've color coded green any Median or Average price in 1st and 2nd quarter that exceeds the 2011 Median and Average prices.  You'll note that there is a significant increase in green from 1st quarter to 2nd quarter, with most school districts demonstrating recent prices above those of 2011.

Now you're probably wondering what the blue color coding is about for Mason schools.  We know from our Mason market reports that the Mason single family home market is VERY hot, so the initial 2nd quarter numbers being lower was a definite disconnect.  However, most of the other school districts have some condos involved in the market, but they're pretty negligible for the most part.  Mason is an exception.  There is a strong condo presence in Mason and the price point between the Mason condos and the Mason single family homes is quite significant.  We want to note that if we were to remove the condos from the 2nd quarter data, Mason values would be around $300k for Average and Median prices, obviously a strong recovery....so don't worry about your Mason home values, they've certainly recovered and then some! 

The continued lag in Kings and Lebanon values is difficult to explain.  There's no real rational reason.  Both school systems are excellent, and both living areas offer a fantastic quality of life.  Perhaps the higher gas prices for most of the year have made buyers a bit more hesitant for these locations that are just a few miles further from Cincinnati and Dayton.  We've gotten showing feedback on some of listings citing "too far out" as a reason not to pursue a home the buyers otherwise liked.  We do expect these areas to rebound, but our crystal ball is broken so difficult to project when we'll see improved numbers.  We'll keep tracking and reporting.

So overall we're seeing a solid indication that Warren County real estate recovery is in full swing. 

Obviously circumstances can vary within a school district, so for a personal assessment of how YOUR home would be valued, please contact us for a free no hassle consultation.

And if you've got your eye on a particular subdivision as a buyer, we can give you an analysis on that community's trends too!

Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz

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REALTORS(S) Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Liz direct:  513-265-3004
Bill direct: 513-520-5305     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

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Show All Comments
Rainmaker
1,025,007
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Liz & Bill.  Great report.  It looks like all facets are growing.

July 10, 2012 03:26 AM #1
Ambassador
1,461,289
Liz and Bill Spear
RE/MAX Elite 513.265.3004 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Conrad, For the most part they are.  New construction is showing signs of life too.

July 10, 2012 03:29 AM #2
Rainmaker
1,593,402
Debbie Gartner
Floor Coverings International Westchester NY & Stamford CT - White Plains, NY
The Flooring Girl - Westchester hardwood flooring

This is a great report and it's so smart to organize by school district.  I'm sure this will really help people looking to buy in Warren County.  Well done.

July 10, 2012 03:38 AM #3
Ambassador
1,461,289
Liz and Bill Spear
RE/MAX Elite 513.265.3004 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Debbie, The other thing I like about the table is at a glance you can get a quick handle on the different price points for each school district.  There's obviously significant differences from one to another.

July 10, 2012 03:41 AM #4
Rainmaker
1,363,224
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

BLiz: Many families base their home buying decisions on the school district they want to live in...this report provides a wonderful snapshot of the Warren County real estate market.

July 10, 2012 03:52 AM #5
Ambassador
1,461,289
Liz and Bill Spear
RE/MAX Elite 513.265.3004 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Anita, And with quarterly data there's enough there to give some indication of what's happening.  A couple of the districts have low numbers reported in Cincinnati MLS, partly due to low volume, partly because some transactions are only being reported in Dayton MLS.  For trending purposes the incomplete data is still representative, and for an individual wanting an assessment in those areas we'd pull data from both MLS to ensure the best accuracy.

July 10, 2012 03:56 AM #6
Rainmaker
636,579
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

These reports should be put up on billboards when it's time to vote on school budgets.  Amazing how the value of your home grows when you school district does better.

July 10, 2012 04:44 AM #7
Ambassador
849,018
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com

Good morning Bill and Liz -

A very informative report on Warren County school district home values. Very helpful to the people of Warren County!  Once again your expert real estate knowledge beams and anyone looking for good Realtors would be wise to contact Bill and Liz Spear!

July 10, 2012 05:02 AM #8
Rainmaker
692,770
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Really....you need to stop writing these detailed informative posts. It makes the other agents look bad.

That is unkind don't you think?

July 10, 2012 05:47 AM #9
Ambassador
1,461,289
Liz and Bill Spear
RE/MAX Elite 513.265.3004 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Liz, We're fortunate that almost all the school districts in our county are highly rated.  Even the two districts lagging in home value recovery have highly rated schools.  This area takes quality education pretty seriously....and don't get them started on high school football! :)

John, We try to get pertinent local information that helps our area buyers and sellers to be make informed decisions.

Steve, I guess we're just going to have to continue being rude to those other agents :)

July 10, 2012 06:11 AM #10
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Liz and Bill Spear

RE/MAX Elite Warren County OH (Cincinnati/Dayton)
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