Northern Kentucky Sees Strong Home Sales in August 2016

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Northern Kentucky had strong home sales during August. The region had a 2.2% increase in the number of homes sold (as compared to August 2015) and an increase of 17.16% in average sale price.

Here are the statistics:

August 2016 vs August 2015

  • 2.20% Increase in homes sold (651 homes vs 647 homes)
  • 17.16% Increase in average sale price ($193,003 vs $164,733)
  • 7.12% Increase in median sale price ($158,000 vs $147,500)
  • 19.74% Increase in sales volume

January – August 2016 vs January – August 2015

  • 8.08% Increase in homes sold (4,590 homes vs 4,247 homes)
  • 7.48% Increase in average sale price ($175,784 vs $163,546)
  • 6.37% Increase in median sale price ($152,000 vs $142,900)
  • 16.16% Increase in sales volume

Homes are the selling quickly. The average days on the market was 50 days in August. In August 2016, the average days on market was 62. Year to date the average days on market is  61 days  (as compared to 73 days in 2015.)

There remains a shortage of homes on the market for sale. Mortgage interest rates are low. Home values are rising. It is a great time to sell your home.

Look at homes for sale here.

Statistics Courtesy of: Northern Kentucky Association of Realtors Home Sales Report,  August 2016

 

 

Madisonville in Cincinnati, Ohio – Learn about this Established, Up and Coming Neighborhood

OverpassSign4Stroll through Madisonville and you will see lots of activity. People are out walking their pets, taking a jog to get some exercise or simply walking through the neighborhood. It’s an urban community where you can live, play, walk and enjoy life. This older neighborhood was established when most trips were by foot and thus its “downtown” is easily accessible by nearby residential blocks.

Located northeast of downtown Cincinnati along the I-71 corridor at Red Bank Road, Madisonville is surrounded by Hyde Park, Oakley, Mariemont, Madeira, Indian Hill and Fairfax. The area is known for its diversity, affordable housing and many attractive homes along tree-lined streets. One of Cincinnati’s oldest neighborhoods, Madisonville is enjoying a resurgence in housing and business development.

MadisonvilleSign3History of Madisonville
Madisonville’s roots are deep, going back to 1797 when frontiersman and Revolutionary War veteran Joseph Ward built a log cabin along an old Indian trail near Whetsel and Monning Avenue. The community was formally established in 1809 and called Madison – named after the newly elected President James Madison. Madisonville annexed itself as part of Cincinnati  in 1911 when it had 3,000 residents.

In its prime (prior to the construction of  I-71 and Kenwood Mall) Madisonville was the second-largest neighborhood business district, attracting many east-side shoppers.

Today, Madisonville is home for almost 10,000 residents. Although the many older stores and retail businesses are gone, this neighborhood is undergoing a transformation.

Madisonville’s Development
Old Madisonville is growing once again with an influx of economic development in business and housing. A plan is in place to create a walkable, pedestrian-friendly, mixed-use neighborhood business district near Madison Road and Whetsel Avenue. More development work is set in place for the Red Bank Expressway corridor.

BankBuilding3Restoration of the Historic 5900 Madison Avenue Building
In 2016, a former 1920s-era bank building was restored by the Madisonville Community Urban Redevelopment Corporation (MCURC). This 2,600 square foot building  was converted into retail and apartment spaces featuring two-bedroom apartments. Read more about this building.

Local Business Have Opened in Madisonville in 2016:

LaLas4.jpgLala’s Blissful Bites opened its second location on Madison Road near Whetsel. This local business offers southern-style baking. Besides cakes, pies and other goodies, this bakery also serves lunch.

CooKoos16.jpgCooKoo’s Coffee Shoppe  is located on Whetsel Avenue and is a great place to meet up for a drink or to grab lunch.

MadLlama1Mad Llama Coffee Shop is located at the corner of Madison and Kenwood Roads and is serving coffee daily. A fun fact: one of the co-owners is a decendent of Madisonville founder Joseph Ward.

Homes

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One finds many affordable homes constructed from the 1920s and later in Madisonville. From Cape Cods, turn-of-the-century Victorians, to cottage-style and brick-wrapped residences, the neighborhood offers a variety of styles and prices. See homes for sale in Madisonville.

New Homes
Plans are in place for the development of 20 home lots along Duck Creek Road (east of Kennedy Avenue and west of Strathmore Drive.) These residences will be priced from $250,000-$300,000. Read more about this development.

Additionally, the MCURC has been building and rehabbing homes throughout Madisonville.

Apartments and Shopping Plaza
Plans include the creation of several hundred apartments as well as a new look for the Madisonville shopping plaza (Madison Road and Whetzel Avenue). See a news clip from WKRC Channel 12 News here or a Business Courier article.

Red Bank Road District
The Red Bank Road commercial corridor has been transformed in the past few years. The site of the former Nutone company (owned by J. Ralph Corbett) is now the global headquarters for Medpace, a medical research corporation.

Plans are in place to construct an eight-story hotel at the Red Bank and Madison Road site (where the rainbow-colored parking garage is currently located.) Other plans include adding restaurants, residential units, office buildings and an outdoor event space on the site’s unused seven acres.

Great Location
Madisonville’s location is ideal with easy access to many parts of the city. It’s just a short drive to access south or north Interstate 71. Head eastward along Madison Road and you are in Oakley and Hyde Park in just minutes. Neighboring Mariemont and Fairfax (with their many shops and restaurants) is a short five-minute drive. Downtown Cincinnati can be reached in 12-minutes via I-71 or Columbia Parkway (Route 50). For those who prefer to ride the bus, there are several Metro lines available throughout the neighborhood.

RecreationCenter2Madisonville Recreation Center
The recreation center is located on Stewart Road and features a fitness center, gym, swimming pools, tennis court, game room, walking track, soccer field and ball field. The center offers senior programs.

500 Gardens in Madisonville
Madisonville residents get their fingers dirty by participating in food-producing gardens. The program headed by Sidestreams Foundation and their goal is to have 500 gardens in the neighborhood. New gardeners enjoy a mentoring class on gardening basics. Each garden is a 4 by 8 feet raised plot.

Madisonville Garden Market at Lighthouse Community School – 6100 Desmond St
The Madisonville Community Garden sells produce (as well as eggs) on Thursdays (4:30pm -7pm) and Saturdays (11am-1pm).

LibraryMadisonville Library
The Madisonville branch of the Public Library of Cincinnati and Hamilton County started as the Madisonville Town Hall in 1882 (which featured a sheriff’s office, jail and Kroger grocery.)

bramblepark_playgroundMadisonville Parks and Trails
Bramble Park features two play areas, a basketball court, picnic areas and baseball/softball fields. Little Duck Creek Park is a small park tucked along Roe Avenue.

The Murray Bike Trail (aka Fairfax Trail) is located in nearby Mariemont off Plainville Road. The trail is .8 miles long and parallels along Murray Avenue to La Crosse Avenue in Madisonville. Plans are in place to link this trail to the Eastern Corridor Bike Trail.

Community Events
Several festivals along Miami Road are hosted in the heart of downtown Madisonville throughout the year.

  • Madisonville StreetFest – August – This festival features food, games and music!
  • Cincinnati Jazz & BBQ Festival – September – Savor BBQ from Ron D’s BBQ, Sweets & Meats and Just Q’in. Also enjoy live music and crafts as well as kid activities.
  • Madisonville has a 5k race that can you run or walk.

Madisonville has an active Community Council that meets monthly.

Things to Do in Madisonville:

Shop.
FrenchRendezVous5French Rendez-vous
Browse through this shop where everything is francais. From French soaps, linens to pastries and baguettes. Oh la la to pain au chocolat!

Eat.
Feeling Mexican? Try Mazunte Taqueria (5297 Madison Road). It’s a popular spot! Or head to the Ali Baba Grill (4793 Red Bank Expressway) for authentic Mediterranean cuisine. Millie’s Place (5923 Madison Road) has limited hours from Thursday – Sunday, and is a quaint place for a meal. Or stop by Ron D’s BBQ stand on Madison Road. (Or check out the aforementioned Lala’s, CooKoo’s or Mad Llama.)

bramblepatch1Drink.
The Bramble Patch (6768 Bramble Avenue) is a classic “sports” bar. It’s 70’s-era vibe attracted producers to film some scenes for the John Travolta Giotti movie there!

Drop off Fido.
The Red Dog Pet Resort & Spa is located at 5081 Madison Road.

Go car shopping.
Maserati, Porsche and Volvo is located on Plainville Road.

Enjoy ice cream.
There are two UDF Dairies in Madisonville. One on Madison Road near Red Bank Road and the other is located on Plainville Road.

Walk and explore.
Madisonville is a very walkable neighborhood with plenty of sidewalks and places to explore.

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Stroll by the Madisonville firehouse – it was built in 1900 and is one of the oldest fire stations in Cincinnati.

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The Laurel Cemetery on Roe Street was founded in 1863. You’ll find many 19th century war veterans as well as some notable Madisonville residents have been buried there including family names such as Settle and Bramble.

Photos: Sibcy Cline Photography Department/Lea Henderson and Susan Knabe

 

 

Dayton Home Sales Increase Almost Seventeen Percent in August

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Homes were selling briskly  throughout August in Dayton, Ohio. The region had a 16.19% increase in home sales for the month as compared to August 2015.

The number of homes for sale still remains low. It is a great time to sell your home – mortgage interest rates remain low and home values are rising.

Here are the statistics:

August 2016 vs August 2015

  • 16.91% Increase in home sales (1,618 vs 1,384)
  • 17.22 Increase in sales volume
  • .81% Increase in median sale price ($125,000 vs $124,000)
  • .27% Increase in average sale price ($146,261 vs $145,872)

January – August 2016 vs January – August 2015

  • 9.70% Increase in home sales (10,711 vs 9,764)
  • 13.73 Increase in sales volume
  • 5.75% Increase in median sale price ($126,900 vs $120,000)
  • 3.67% Increase in average sale price ($147,015 vs $141,804)

Look at homes for sale here.

 

Statistics courtesy of: Dayton Area Board of Realtors August 2016 Home Sales Report

 

Cincinnati Home Sales Rise In August

Clean exterior home during late spring season August 2016 home sales in Cincinnati were quite strong with a 11.37% increase as compared to August 2015. Mortgage interest rates are lower from one year ago. The inventory of homes for sale is still low. It is a great time to sell your home. Market values are still increasing and many home are selling quickly.

Here are the statistics:

August 2016 vs August 2015

  • 11.37% Increase in homes sold (2,595 homes vs 2,330 homes)
  • 16.47% Increase in gross sales volume
  • 4.57% Increase in average sale price ($193,808 vs $185,330)
  • 2.03% Increase in median sale price ($151,000 vs $148,000)

January  – August 2016 vs January – August 2015

  • 6.37% Increase in homes sold (17,677 homes vs 16,618 homes)
  • 10.52 Increase in gross sales volume
  • 3.90% Increase in average sale price ($190,271 vs $183,130)
  • 4.5% Increase in median sale price ($151,000 vs $144,500)

 

Statistics courtesy of: Cincinnati Area Board of Realtors, August 2016 Home Sales Report

 

Julie Back is Sibcy Cline’s Number One Agent for the Fifth Year in a Row and the Number Two Agent in Ohio for the Second Year in a Row

julie_sibcyx9Julie K. Back, Executive Sales Vice President with the Sibcy Cline Hyde Park office, was named Sibcy Cline’s number one agent for the company’s fiscal year 2015-2016. This is the fifth year in a row Julie has received this top honor.

Julie was also recognized on September 20, 2016 at the Ohio Association of Realtors® annual convention held in Cleveland, Ohio as the number two sales agent for the state for individual sales dollar volume. (The Ohio Association of Realtors has over 27,000 members and is the largest professional trade association in the state.)

Here is a recap of Julie’s top sales honors:

  • #1 Agent at Sibcy Cline, 2012, 2013, 2014, 2015, 2016
  • #2 Agent in Ohio, 2015, 2016
  • #1 Agent in Cincinnati, 2015
  • #3 Agent in Ohio, 2013, 2014
  • #4 Agent in Ohio, 2012
  • #5 Agent in Ohio, 2011

Julie has been a real estate sales professional since 1994. Her focus is on eastern Cincinnati including Indian Hill, Hyde Park, Montgomery, Blue Ash and Madeira. She has career sales totaling over $392,000,000.

julie_rns1Says Rob Sibcy, President of Sibcy Cline Realtors, “We are so proud of Julie’s accomplishments. To be our top agent five years in a row is simply amazing.”

julie_managers1David Hummel, Vice President and Sales Manager of Sibcy Cline Hyde Park says, “Julie is very dedicated to her clients and brings much passion to her work. She is tireless in making sure that her home sales go smoothly. I admire her work ethic. Julie is extremely professional, detail oriented and personable.”

Adds Rob Mahoney, Vice President and Sales Manager of Sibcy Cline Hyde Park, “Julie could write the book on real estate. She is among the best and it is very exciting to see that she does well not only in Cincinnati, but in the state. Her experience and focus are to be commended!”

 

Parking-Lot Parks and Perks in Covington, Kentucky

There are five brand new parks in Covington, Kentucky. Where do you fit FIVE new parks? Well, in parking spaces, of course. The five new parklets are the result of the Curb’d design competition that began in November 2015. Winning designs were selected that December and the finished parklets revealed earlier this summer.

So where did this parklet idea come from? According to the Curb’d website:

“Many credit the group Rebar in San Francisco as the first to explore parklet construction back in 2010.Since then, many cities worldwide have followed suit as pedestrians and business-owners begin to reinvent what the sidewalk and curbside means to them. Many of the goals established by those early pioneers, such as promoting connectivity and community interaction, exist today in projects like Curb’d.”

As if mini-parks scattered throughout one of Greater Cincinnati’s coolest neighborhoods isn’t reason enough to walk around and visit each one, there is also an incentive program that encourages you to check it out. Visit all five and receive a discount at participating businesses.

Curb’d is a project supported by the Haile/U.S. Bank Foundation, Renaissance Covington, and the MainStrasse Village Association.

 

Hopscotch Garden – 27 W. 7th Street – Braxton Brewing Company
Tue-Wed: 8a-10p; Thur: 8a-12a; Fri: 8a-1a; Sat: 12p-1a; Sun: 12p-8p
Mountain/Tunnel/Xylophone – 323 W. 6th Street – Stoney’s Village Toy Shoppe
Wed: 12p-6p; Thur-Fri: 12p-7p; Sat: 12p-5p
Ride – 715 Madison Avenue – Inspirado
Mon-Fri: 11:30a-2p; Mon-Thur: 5p-9:30p; Fri-Sat: 5p-10:30p
The Boxing Ring – 5 W. Pike Street – Cutman Barbershop
Tue-Sat: 10a-7p
Wish-Igloo – 701 Greenup Street – Left Bank Coffeehouse
Mon-Fri: 7a-2p; Sat-Sun: 9a-1p

Tour the MidCentury Modern Corbett Home on October 2, 2016 – The Architectural Foundation of Cincinnati Great House Tour

corbetthome_3Interested in MidCentury Modern style homes? Mark your calendar to view the Corbett House on October 2, 2016 from 12pm-6pm. This residence is going to be featured on tour by the Architectural Foundation of Cincinnati (AFC) as part of this organization’s Great House Tour program.

The home is the former residence of local philanthropists, Ralph and Patricia Corbett. Mr. Corbett was the founder of NuTone who later sold the company in 1967. He and his wife dedicated the last years of their lives to the Corbett Foundation that supported the arts, education, medicine, and community activities in Cincinnati. They lived in this home until Patricia passed away in 2008.

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The home was designed by John deKoven Hill, a former employee of Frank Lloyd Wright who embraced Wrightʼs philosophy but added his own nuanced interpretations of his style. The homeʼs design was deemed very progressive when it was built in 1958-59, and it was published in the February 1960 issue of House Beautiful  as a representation of the house of the future, a “Pace Setter home”. The magazine dedicated over 100 pages to cover the unique features of the residence, and world-renowned architectural photographer, Ezra Stoller, captured the essence of the home in a catalogue of images.

When constructed, this home featured NuTone intercoms, sound systems, doorbells and built-in kitchen appliances. Also new at the time was a Cincinnati Bell princess phone.

While the house is in exceptional condition, the furnishings and art have been removed from the home. To better understand what the house was like when Ralph and Patricia Corbett built it, reproductions of selected pages from the House Beautiful  article will be on display in the home during the tours.

Entrance to the home will be scheduled in groups of 12-15 during the house tour, every 15 minutes beginning at noon with the final tour concluding at 6:00 pm. Tickets are $30 each with proceeds benefiting the Architectural Foundation of Cincinnati. Ticket purchases will be available on the AFC website  beginning on September 19, 2016.

The AFC will also hold an exhibition based on the House Beautiful article at The Architectural Foundation Gallery from September 27 through September 30. Reproductions of the article will be displayed for public viewing. The gallery is located at 811 Race Street and will be open daily from 11 am to 4 pm.

This Home Is For Sale
The Corbett home will be soon be listed with Julie Back of Sibcy Cline Hyde Park. The grounds have been divided into estate lots called Grandin View. Desirable half acre and larger lots offer stunning, treed views. Residents will be able to walk to Hyde Park Square or drive to downtown in minutes.

Read more! Here is an article about the home tour from the Enquirer.