Home Buyers Could Find Their Dream Home in the Fall

House_Scarf_FallBackground.jpgThough some home buyers may be frustrated they didn’t find the perfect home this summer thanks to the intense competition for purchasing homes – they shouldn’t be discouraged. As some home shoppers leave the market in the fall, the odds that those who remain will find a dream home increases.

The least expensive months to buy a home are actually in the fall, according to the National Association of Realtors. In October buyers could pay about 2.7 percent below the market value of a property often because of how many would-be buyers have dropped out of the market by then. Likewise, people who are looking to sell and whose homes have been on the market a bit longer than expected, are more willing to get a deal done once autumn arrives.

Buy That Home!
Just like the summer market, it’s vital home buyers make sure they’re ready to make an offer as soon as they find a home they like. While the market is generally less busy in fall, today’s market conditions mean shoppers can still expect busy open houses and multiple bids. Having the ability to spring into action as soon as possible remains vital to finding a home before winter arrives.

Home shoppers need to stay in contact with their real estate agents throughout the home-buying process so they can make the most informed decisions based on how local markets are moving as the fall stretches on.

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.

September Home Sales Report: Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

花火8Many homes are selling quickly due to low inventories of homes for sale. Mortgage interest rates remain low. Here are the sales statistics for September 2017 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

September 2017 vs September 2016

  • -.4.75% Decrease in homes sold (2,267 homes vs 2,380)
  • 3.56% Increase in average sale price ($198,657 vs $191,837)
  • 3.23% Increase in median sale price ($160,000 vs $155,000)
  • -1.36% Decrease in gross sales volume ($450,354,376 vs $456,571,301)

January – September 2017 vs January – September 2016

  • -.33 % Decrease in homes sold (20,055 homes vs 20,121)
  • 6.23% Increase in average sale price ($202,423 vs $190,546)
  • 7.24% Increase in median sale price ($163,000 vs $152,000)
  • 5.88% Increase in sales volume ($4,059,582,615 vs $3,8,33,982,081)

Statistics courtesy of Cincinnati Area Board of Realtors September 2017 Home Sales Report

Dayton

September 2017 vsSeptember 2016

  • -3.38% Decrease in homes sold (1,428 homes vs 1,478)
  • 9.03% Increase in average sale price ($159,699 vs $116,477)
  • 7.19% Increase in median sale price ($135,000 vs $125,950)
  • 5.34% Increase in sales volume ($228,050,163 vs $216,492,454)

January – September 2017 vs January – September 2016

  • 1.12% Increase in homes sold (12,374 homes vs 12,237)
  • 6.42% Increase in average sale price ($156,227 vs $146,808)
  • 5.93% Increase in median sale price ($134,000 vs $126,500)
  • 7.61% Increase in sales volume ($1,933,148,167 vs $1,796,484,099)

Statistics courtesy of Dayton Area Board of Realtors September 2017 Home Sales Report

Northern Kentucky

September 2017 vs September 2016

  • -6.74% Decrease in homes sold (609 homes vs 653)
  • 3.45% Increase in average sale price ($180,363 vs $174,345)
  • 8.78% Increase in median sale price ($161,000 vs $148,000)
  • -3.52% Decrease in sales volume ($109,841,135 vs $113,847,782)

January – September 2017 vs January – September 2016

  • 2.48% Increase in homes sold (5,463 homes vs  5,331)
  • 2.44% Increase in average sale price ($180,045 vs $175,345)
  • 3.29% Increase in median sale price ($157,000 vs $152,000)
  • 4.98% Increase in sales volume ($983,586,065 vs $936,907,047)

Statistics courtesy of Northern Kentucky Association of Realtors September 2017 Home Sales Report

Southeastern Indiana

September 2017 vs September 2016

  • 12.1% Increase in homes sold (111 homes vs 99 homes)
  • 15.3% Increase in average sale price ($164,868 vs $142,997)
  • 17.8% Increase in median sale price ($159,000 vs $135,000)
  • 29.3% Increase in sales volume ($18,300,402 vs $14,156,732)

January – September 2017 vs January –  September 2016

  • 4.9% Increase in homes sold (925 homes vs 882 home)
  • 5.2% Increase in average sale price ($158,138 vs $150,287)
  • 2.8% Increase in median sale price ($142,500 vs $138,649)
  • 10.4% Increase in sales volume ($146,277,568 vs $132,552,723)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, September 1, 2017

DIY Things to Do Now to Get Your Home Ready for Winter

With winter a few months away, it’s time to prioritize any lingering home improvement do-it-yourself projects. Here are some DIY tips to follow:

Start Simple – Air Filters
One very easy and inexpensive way to make sure a home-heating system is running at peak efficiency throughout the winter is to replace air filters. They are economic to buy and easy to install. 

Energy Audit
Do you know exactly how inefficient or efficient your heating system is? Conduct an energy audit and identify potential weak points in your home, where heated air is escaping around the clock. Home experts note the collective size of all the little cracks, holes and fissures throughout a home can add up to be the size of a small window. Fortunately, once these weak points have been identified, they’re often easy to seal up. For those with a chimney, be sure it is effectively sealed up to save from losing heated air.

If you want professional help with your energy audit, contact Duke Energy here.

Learn Some Basics
Homeowners should know some of the basics related to home-heating maintenance. Even simply knowing what to look for – from identifying a filter that needs to be swapped out, pieces of insulation need to be replaced, etc. – can go a long way toward avoiding potential difficulties. Experts say heating systems should be inspected about once a month and filters should probably be replaced every three months or so during the winter.

Outdoor Items to Winterize
Clearing water from your outdoor spigot lines is something often left to professionals, but some homeowners have success doing it themselves with compressed air. 

Winterize outdoor equipment such as lawn mowers, grills, central air conditioning units and so on is also a good idea. The best advice homeowners can follow is to ensure any mechanical components left outside all winter long should be effectively winterized.

Know What Not to Do
While there are plenty of home DIY efforts that can be undertaken with relative ease and maybe a little studying, experts caution that some home-maintenance jobs should be reserved exclusively for professionals, according to Curb Appeal. When it comes to winterizing, perhaps the biggest of these DIY jobs would involve maintenance on any appliances that connect to gas lines, such as hot water heaters or stoves. The reason why is obvious: Natural gas can be very dangerous and only those certified to work with it should do so.

When a homeowner suspects a bigger problem with a heating system other than old filters or torn insulation, HVAC professionals should be called in. This isn’t the kind of job for even a handy person, simply because these systems are highly complex and can be quite difficult to fix. Repairing these systems may sometimes involve electrical issues that can be quite dangerous for those who aren’t totally aware of how to navigate them.

If you’re on the fence about whether this is the kind of job you can tackle yourself, it’s probably a better idea to err on the side of caution.

Need help with your winterizing maintenance? Contact Sibcy Cline Home 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.

Blink Cincinnati Light Show is Happening October 12-15, 2017

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Don’t forget to blink! Blink, an exciting (and new) Cincinnati festival, is happening October 12-15, 2017. This light and art show will feature 60+ interactive art sculptures, large-scale projection mapping and murals and other light displays from the Cincinnati Banks heading north to Findlay Market. Light shows are positioned along the streetcar route.


Details

  • October 12-15, 2017 from 7pm – 12am
  • Food and drinks available from 6pm – 12am
  • Best way to get around? The streetcar! ($2 for a full day) Or, rent a Red Bike, Or, walk the 20 city blocks.
  • Cost? Free! The only venue that has a charge is the Architects of Air.
  • Timing? Light shows are from 3-10 minutes and on a continuous loop.

Event Guide
Here is a detailed map of all of the venues. There are 21 light projection sites.

Some Highlights…

Architects of Air Luminarium – Washington Park
For $5 you can experience domes and paths. This venue is open 10:30am – 6:30pm.

Future City Spectacular Parade!
Enjoy the Blink Parade at 7pm on Thursday, October 12, 2017. See over 2,500 illuminated people as they walk along Vine Street from Findlay Market to Washington Park. Cincinnati’s Bootsy Collins and his wife, Patti, are the grand marshals.

Live Performances
Live entertainment is part of the fun of experiencing Blink. There will be stages set up at the Freedom Center, Fountain Square, St. Xavier Church lot, the Charley Harper Mural, Findlay Market at W. Elder Street and at 1674 Central Parkway.  See the schedule here.

Follow Blink Cincinnati on Twitter.

Successfully Sell Your Home This Fall

Old street lamp in the park at autumn. Toned image.Is fall the right time to sell your home? Yes, it is! Given the demand for homes in today’s market, you’re still likely to generate a lot of interest from would-be buyers.

There is a different approach to selling in the fall because the real estate market traditionally changes from its summer buying patterns. Here are ways to make your home stand out from the crowd when selling during the fall season:

Appeal to the Fall Buyer
One of the biggest things to keep in mind at this time of year is the most likely demographics for buyers will be either a younger millennial and people who are looking for a change after their own kids moved out. People with school-aged children are not as motivated to buy a home in autumn since their kids are already settled in at school.

Highlighting the kinds of home features that will appeal to your likely buyers may be a good way to market your home. Home office space, a guest bedroom or even easy access to local attractions are features that millennials and empty nesters will be drawn towards.

Photos of Your Home
For marketing purposes schedule your home to be photographed while the autumn leaves are still on trees and the light is still strong during the day. This can really make a house feel warm and homey – and is much better than the dim, thinner light that comes along in early winter. Brown grass just does not look as nice as a green lawn.

In addition, your home’s staged decor should reflect the season. Pumpkins and gourds nicely displayed on a front porch look welcoming. Light fall interior decor also adds a nice touch. Create a cozy (yet uncluttered) atmosphere. See our Fall Decorating Ideas Pinterest board for ideas.

Highlight What’s Nice
Entice fall home buyers by showcasing your home’s high-efficiency heating system and automated thermostat (that also improves efficiency with easier controls). A little expenditure on weather stripping or a new thermostat can really help to wow prospective buyers.

Make your home brighter for open houses (which might not always be easy given how gray some fall days can be.) Add mirrors and install brighter light bulbs to help your home from feeling dark and dreary. Be sure to keep lights on and open the drapes for showing appointments.

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.

Sibcy Cline Realtors is Honored as a 2017 Deloitte Cincinnati USA 100 Recipient

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Sibcy Cline Realtors has been ranked on the Deloitte Cincinnati USA 100  list among the largest privately owned companies in the Cincinnati area. This is the 21st time Sibcy Cline has made the list and was the only local real estate broker among the top 100 for this year.

Says Frank Leggio, Partner and leader of Cincinnati’s Growth Enterprise Services practice, Deloitte & Touche LLP, “The companies ranked on the 2017 Deloitte Cincinnati USA 100 continue to serve as a strong foundation for our local economy. Thanks to their strong business practices and ability to drive and sustain performance, these innovative, entrepreneurial businesses continue to grow, strengthening an already thriving local business climate.”

Overall, 2017 Deloitte Cincinnati USA 100 companies generate more than $36 billion in sales and employ nearly 107,000 people.

About 2017 Deloitte Cincinnati USA 100
The Deloitte Cincinnati USA is an annual ranking and recognition of the largest, privately held companies in the greater Cincinnati area. The list rank the top 100 companies by sales, as determined by  voluntarily submitted questionnaire form. In order to be eligible for the Deloitte Cincinnati USA 100, companies must be privately held and headquartered in the 18-county tristate area.

August Home Sales Report – Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

HomeSales_August2017.jpgMany homes are selling quickly due to low inventories of homes for sale. Mortgage interest rates remain low. Here are the sales statistics for August 2017 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati
The Cincinnati region enjoyed setting a record for 15 consecutive months for increased average sale price!

August 2017 vs August 2016

  • -.61% Decrease in homes sold (2,610 homes vs 2,626)
  • 8.48% Increase in average sale price ($210,000 vs $193,868)
  • 12.58% Increase in median sale price ($170,000 vs $151,000)
  • 7.81% Increase in gross sales volume ($548,883,303 vs $509,097,422)

January – August 2017 vs January – August 2016

  • .2 % Increase in homes sold (17,776 homes vs 17,740)
  • 6.59% Increase in average sale price ($202,902 vs $190,366)
  • 7.95% Increase in median sale price ($163,000 vs $151,000)
  • 6.8% Increase in sales volume ($3,606,792,639 vs $3,377,091,173)

Statistics courtesy of Cincinnati Area Board of Realtors August 2017 Home Sales Report

Dayton

August 2017 vs August 2016

  • -.74% Decrease in homes sold (1,606 homes vs 1,618)
  • 10.92% Increase in average sale price ($162,235 vs $146,261)
  • 11.36% Increase in median sale price ($139,200 vs $125,000)
  • 10.10% Increase in sales volume ($260,548,765 vs $236,650,202)

January – August 2017 vs January – August 2016

  • 1.86% Increase in homes sold (10,910 homes vs 10,711)
  • 5.96% Increase in average sale price ($134,000 vs $126,900)
  • 5.59% Increase in median sale price ($134,000 vs $126,900)
  • 7.93% Increase in sales volume ($1,699,577,954 vs $1,574,682,921)

Statistics courtesy of Dayton Area Board of Realtors August 2017 Home Sales Report

Northern Kentucky

August 2017 vs August 2016

  • -4.53% Decrease in homes sold (653 homes vs 684)
  • -4.36% Decrease in average sale price ($182,987 vs $191,326)
  • 1.27% Increase in median sale price ($160,000 vs $158,000)
  • -8.69% Decrease in sales volume ($119,490,533 vs $130,867,134)

January – August 2017 vs January – August 2016

  • 3.06% Increase in homes sold (4,821 homes vs  4,678)
  • 2.50% Increase in average sale price ($180,361 vs $179,956)
  • 3.29% Increase in median sale price ($157,000 vs $152,000)
  • 5.64% Increase in sales volume ($869,524,447 vs$823,122,265)

Statistics courtesy of Northern Kentucky Association of Realtors August 2017 Home Sales Report

Southeastern Indiana
Southeastern Indiana had an uptick in home sales for August!

August 2017 vs August 2016

  • 12.8% Increase in homes sold (123 homes vs 109 homes)
  • 9.9% Increase in average sale price ($174,328 vs $158,565)
  • 14.2% Increase in median sale price ($159,900 vs $140,000)
  • 24.1% Increase in sales volume ($21,442,297 vs $17,283,518)

January – August 2017 vs January – August 2016

  • 3.8% Increase in homes sold (813 homes vs 783 home)
  • 4.1% Increase in average sale price ($157,335 vs $151,208)
  • 1.1% Increase in median sale price ($140,500 vs $139,000)
  • 8.0% Increase in sales volume ($127,913,336 vs $118,395,991)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, August 1, 2017

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.