Sibcy Cline Super Open House is May 20 and 21, 2017!

Superman_WebArt.jpgThinking of buying a new home? Plan on seeing some great homes at the Sibcy Cline Super Open House Weekend on May 20 and 21, 2017! View all area open houses on Sibcy Cline’s website.

Why Sell your Home and Buy a New One?
Home values are rising and you could get top dollar for your home during this “seller’s market”.  And, mortgage interest rates are still low – which is really good new for home buyers.  Perhaps now is a good time for you to sell your old home and purchase a new one!

Northern Kentucky Home Sales Rise Seven Percent in March!

Home sales in Northern Kentucky were strong in March – with a 7.45% increase in sales as compared to March 2016. Here are the statistics:

March 2017 vs March 2016

  • 7.45% Increase in home sales (620 homes vs 577 homes)
  • 7.81% Increase in average sale price ($175,734 vs $162,997)
  • 4.83% Increase median sale price ($149,900 vs $143,000)
  • 15.85% Increase in sales volume ($108,955,497 vs $94,049,825)

January – March 2017 vs January – March 2016

  • 9.81% Increase in home sales (1,410 homes vs 1,284 homes)
  • 3.91% Increase in average sale price ($167,578 vs $161,268)
  • 3.20% Increase median sale price ($144,950 vs $140,450)
  • 14.11% Increase in sales volume ($236,286,303 vs $207,069,255)

It’s a great time to sell and buy homes. Home values are rising and mortgage interest rates are still low.

Look at homes for sale.

Statistics: Northern Kentucky Association of Realtors Home Sales Report, March 2017

 

Home Sales Increase for March in Dayton, Ohio!

Dayton_eveningMarch blew in with an early spring for Dayton, Ohio with home sales increasing by 13 percent for the month. Here are the statistics:

March 2017 vs March 2016

  • 13.33% Increase in home sales (1,301 sold homes vs 1,148 sold homes)
  • 18.81% Increase in sales volume ($194,785,740 vs $163,941,377)
  • 4.88% Increase in median sale price ($130,000 vs $123,950)
  • 4.11% Increase in average sale price ($149,720 vs $143,808)

January – March 2017 vs January – March 2016

  • 6.98% Increase in home sales (3,020 sold homes vs 2,823 sold homes)
  • 17.63% Increase in sales volume ($436,996,761 vs $371,495,995)
  • 12.23% Increase in median sale price ($126,825 vs $113,000)
  • 9.02% Increase in average sale price ($144,701 vs $132,725)

Look at homes for sale.

Statistics courtesy of: Dayton Area Board of Realtors Home Sales Report March 2017

 

 

Average Sale Price Record is Set in March 2017 for Cincinnati Homes

Cincinnati Ohio Skyline at NightMarch 2017 came in roaring with home sales increasing by 10 percent in Cincinnati. The average price of homes also set a record for the month following nine other consecutive months of setting such a price record. Here are the statistics:

March 2017 vs March 2016

  • 10.02% Increase in sales (2,175 homes sold vs 1,977 homes sold)
  • 15.05% Increase in sales volume ($422,799,264 vs $367,502,604)
  • 4.57% Increase in average sale price ($194,390 vs $185,889) – Record setting average price!
  • 7.48% Increase in median sale price ($158,000 vs $147,000)

January – March 2017 vs January – March 2016

  • 4.46% Increase in sales (5,041 homes sold vs 4,826 homes sold)
  • 12.90% Increase in sales volume ($940,509,397 vs $833,071,665)
  • 8.08% Increase in average sale price ($186,572 vs $172,622)
  • 9.12% Increase in median sale price ($149,500 vs $137,000)

Look at homes for sale.


 

Over One Million Impressions of Sibcy Cline’s Luxury Homes for Sale on Luxury Portfolio International’s Website in One Year!

LPMainWebSite.pngSibcy Cline’s luxury listed homes not only have the best promotion on the company’s local website, but receive even more exposure worldwide with Luxury Portfolio International. In the past year, over one million property impressions were made from that website to Sibcy Cline’s high-end properties.

This luxury home website is affiliated with Leading Real Estate Companies of the World, the largest global network of independent real estate companies. The website promotes over 50,000 high-end homes worldwide from 200 of their affiliate members from 60 countries and 800 major cities.

Sibcy Cline’s luxury properties promoted on Luxury Portfolio (from January 2016 through January 2017) had 1,027,281 property impressions (property views + exposures); 144,633 property views; and 883,648 exposures through searches.

A total of 121 foreign countries viewed Sibcy Cline’s luxury homes. The top 9 were:
United Kingdom (39.2% of all foreign views); Ukraine; Germany; China; Denmark; Italy; Canada; Republic of Korea; and Russia.

Sibcy Cline’s listings were translated into 13 foreign currencies on Luxury Portfolio: New Zealand Dollars, Australian Dollars, Swiss Francs, Mexican Pesos, Euro, Canadian Dollars, British Pounds, South African Rand, Russian Rubles, Aruba Guilders, Sweden Kronor Sweden Ringgits and Barbados Dollars.

The listings were also translated into 8 foreign languages:

  • Traditional Chinese (8,443 translations)
  • German (2,123 transaltions)
  • Japanese (2,021 translations)
  • Portuguese (1,778 translations)
  • Spanish (1,738 translations
  • Italian (1,702 translations)
  • Russian (1,674 translations)
  • French (1,608 translations

Exposure of listings through the United States
Sibcy Cline listings received views from all 50 U.S. states. The top 10 states were: Ohio, New Jersey, California, Virginia, Kentucky, Maryland, Pennsylvania, New York, Georgia and Florida.

GlobalReach.pngLuxuryPortfolio.com averages 125,000 monthly visitors who look at homes on the site for approximately 12 minutes. Visitors to the site have an average household income of $1.12 million and 53% own a second home.

View Sibcy Cline’s luxury listings on LuxuryPortfolio.com.

The Surprising Benefit that Comes with Higher Mortgage Rates

MortgageApplication.png

Homebuyers in today’s market definitely face some shifting conditions. The improving economy is bringing mortgage rates up from some of the lowest levels ever observed in the housing market, and more buyers are creating increased competition for a limited inventory, driving prices up as well. This declining affordability may actually be good news for buyers because it will encourage a major change among lenders.

How is That Helpful?
The good news for buyers is that as mortgage rates rise, it becomes more difficult for current homeowners to justify refinancing their mortgages. When rates were low – and they hovered in the three percent range for almost all of last year – it encouraged owners to cut their rates, keeping lenders in a steady mortgage environment without broadly making home loans more available to new buyers. As rates rise, lenders will see their origination numbers drop off, and experts have long predicted that this will lead to an increase in mortgage credit availability for buyers.

With the stronger economy bringing more buyers to the fore, it’s also important to note that even with higher rates and prices, today’s affordability is still competitive with pre-recession norms.

Loosening Credit in Action
The latest industry data shows that mortgage credit is becoming more widely available, in a way that it largely hadn’t before, according to the Mortgage Credit Availability Index from the Mortgage Bankers Association. In January – the most recent month for which data is available – the MCAI (Mortgage Credit Availability Index) rose to a reading of 177.1, up from 176 in December. That was the fifth straight month with an increase in the overall number.

In the recent past, credit access for jumbo loans (those much bigger than the national median home price) has been the biggest driver of these increases, which leaves many average Americans on the outside looking in. And while lenders continue to cater to more affluent consumers by easing that kind of credit access, availability for conventional loans is now creeping back upward on a consistent basis as well.

While mortgage credit availability will likely never return to the free and easy days before the recession (nor should they), continual easing of access will allow more buyers to come into the market and, potentially, encourage more real estate sales.

Interested in becoming pre-qualified for a mortgage loan to see how much home you can afford to purchase? Contact Sibcy Cline Mortgage Services.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click www.hmsnational.com.

Home Sales Increase by Seven Percent in Dayton for February 2017!

Dayton_Dusk_River.jpgThe Dayton, Ohio region had a 6.74% increase in home sales during February. A mild winter and low mortgage interest rates have lured home buyers to look and purchase homes. Here are the statistics for the region:

February 2017 vs February 2016

  • 66.74% Increase in home sales (855 homes vs 801 homes)
  • 24.44% Increase in sales volume ($121,789,011 vs $97,954,341)
  • 17.13% Increase in median sale price ($126,500 vs $108,000)
  • 15.03% Increase in average sale price ($142,443 vs $124,836)

January-February 2017 vs January-February 2016

  • 3.77% Increase in home sales (1,705 homes vs 1,643 homes)
  • 18.95% Increase in sales volume ($240,748,221 vs $202,397,531)
  • 17.54% Increase in median sale price ($124,000 vs $105,500)
  • 13.51% Increase in average sale price ($141,201 vs $124,399)

Mortgage interest are still low. Many homes on the market are selling quickly. Is it time to sell your home? Look at homes for sale.

Statistics courtesy of: Dayton Association of Realtors Home Sales Report, February 2017