Cincinnatti Condo Connection - Part 7

Looking Back: What 2017 Showed Us About Buying a Home in Cincinnati and US Real Estate Market Trends

Cincinnati Skyline

It is no secret that 2017 was a year of tumultuous political and economic change for the US, both on a local and national level, changes that had a direct influence on the US Real Estate Market.

At the beginning of 2017, Forbes predicted the following for the United States housing market:

  1. Prices will continue to rise, albeit more slowly than in recent years.

  2. Affordability will worsen, particularly in cities like Seattle, WA and Austin, TX, which continue to see huge amounts of real estate and job market development.

  3. More Millennials will become homeowners.

Now that we are a few weeks into 2018, here at the Cincinnati Condo Connection we decided to do a little research to determine how those predictions played out on both a national and local level.

According to an article published by Trulia in October of 2017, demand for homes across US markets has continued to rise. In fact, the share of inventory sold in the US surpassed its peak for the first time since the recession of 2008. Unfortunately, that increase has done little for the affordability of homes on the market. A recent study by Realtor.com shows that the median list price for a home in the US in December of 2017 was $270,000, 8% higher than the median price in December of 2016. However, earlier in 2017, the median list price was at $275,000. These numbers show that Forbes’s prediction was correct, and that, while prices are still higher than they were in 2016, they are rising more slowly than in past years.

Numbers here in Cincinnati show a similar pattern. However, Cincinnati condo and home prices are actually rising more sharply than the national average.

According to a report released by the MLS of greater Cincinnati in November 2017, the median sales price for a home in Cincinnati was roughly $170,00 0up about 10.41 percent from November 2016’s estimated $150,000.

Although most 2017 pricing reports are still being collated, research by CoreLogic from April 2017 shows that home values were indeed increasing across the United States, rising by 6.9 percent as compared to April 2016. However, it is worth mentioning that these numbers can vary vastly by market. According to 2017 data from the Federal Housing Finance Agency, Cincinnati trends show a home value gain of 6.5 percent over the last 10 years. While, in more quickly growing areas such as Austin, Texas home values have grown 65.8 percent over the last 10 years.

So the final question remains, did more Millennials actually buy homes in 2017? According to the 2017 Home Buyer and Seller Generational Trends Report, the answer is yes. In fact, buyers 36 years of age and younger made up the largest share of homebuyers in 2017. However, that overall number is down 1 percent from 2016’s 35 percent. Are you a millennial interested in buying a home in Cincinnati this year? Research shows that an investment in “The Queen City” will be a smart one in 2018 given that Cincinnati was named one of Trulia’s top 10 best markets for Millennials who want to buy a home in 2017. The report evaluated housing market viability for Millennials based on the following criteria: job growth, vacancy rates, starter-home availability, online listing searches, and the percentage of people in the vicinity under age 35.

Overall, research from multiple sources shows that the housing market is finally beginning to even out, even in the nation’s most popular and expensive markets, and that the outlook for home values, prices, and inventory in 2018 is a relatively positive one.

Three Tips for Flipping a Condo in Downtown Cincinnati

The American

With the ever-growing popularity of HGTV shows like Flip or Flop and Fixer Upper, home flipping as a source of income is becoming more and more popular. While for some, it can be a great and lucrative investment; home flipping is not for everyone. Interested in flipping a home or condo in downtown Cincinnati? Check out the following tips to help you get the most bang for your buck.

1. Understand the home flipping market and the costs involved

Presently, the home flipping market in the United States is a saturated one. Atom Data Solutions’ Q2 2017 U.S Home Flipping Report, showed a home flipping rate of 5.6% of all home sales during the quarter and a gross flipping profit of $67,516. Inventory is tight nationwide, which makes flipping anywhere a tough investment. Before buying a home, make sure that you have done your research on the area in which you are purchasing. Check multiple sources to see what comparable properties are renting or selling for, and gauge the level of necessary repairs around those numbers.

The importance of understanding the growth potential of the neighborhood in which you are purchasing cannot be understated. For instance, a condo for sale in Over-The-Rhine may be more expensive and need fewer repairs than one in Oakley. However, given the rate in which home prices in Over-The-Rhine have grown in the last 20 years, a condo flipping project in that area is likely to be the better investment.

2. Be Wary of Costly Repairs

Allow your research to inform which repairs you undertake on your newly acquired property. While research shows that an upgraded kitchen and bathroom are large selling points on most homes, they are also the most costly upgrades, given that typically they will require plumbing work. Although some costs will vary by market. According to HomeAdvisor, the average kitchen repair will cost anywhere from $4,000 to $50,000. While the average bathroom repair ranges from $2,500 up to $23,749.

3. Work with the right contractor and construction team

Do your homework to find the best, most reliable contractor for the job. Check references, look at past projects and thoroughly interview everyone you bring on your team. The right contractor can also be a great sounding board for cost – effective re-model ideas but, be careful not to overdo it. Choose a few, impactful repairs that will help you to improve the value of the home without paying an arm and a leg and, do your own repairs where you can. The best way to save money on a home improvement project is to do-it-yourself.

Although the house flipping market is a saturated one, it is possible to make a decent profit given the right tools. Here at Cincinnati Condo Connection, we have condos for sale in a variety of price ranges, some of which may be a great flipping investment. Contact us today to begin your own project!

How Is Selling a Condo Different than Selling a House?

Selling a condo is very different from selling a house.  Make sure you work with an agent that understands and sells a lot of condominiums. Get recommendations from your neighbors or management of the building.

Lofts at 4120 in Oakley

Pricing

Condos in many buildings have a wide variety of prices.  Some of the factors that affect the price are location in the building.  In a high rise, the higher the more expensive.  Corner units also sell for higher prices than interior units.  The view also matters.  The premium for a better view can sometimes be 100% or more.

A River View in East Walnut Hills

Seasonality

Condos in Cincinnati sell year round.  They don’t follow the typical spring cycle, mainly because it’s rare for family’s to purchase a condo in this city.  It’s typically a single person or a couple.  Many empty nesters start looking at condos when their last child graduates from college Or when  they feel they are no longer able to live in their house . This can happen suddenly.  They often have encouragement from other family members to make this move.  Showings pick up around the holidays when adult children are home to help their parents find a condo.

Staging

Condos tend to be smaller than houses and many empty nester buyers who are moving from a large home worry about fitting their belongings into a condo.  Empty condos look small.  I recommend staging empty condos for many reasons but mainly because people can see that they can fit their king size bed, two night stands and dresser in the seemingly small bedroom of a condo.  The other benefit to staging a condo is that it takes the buyer’s eye away from the flaws.  They tend to see the view and the furniture rather than the dated parquet floor or worn kitchen appliances.  A good stager will have on trend colors and new stylish furniture. Developers, builders and flippers all stage homes because they know staging yields a better price and a quicker sale.  See this condo at The Ingleside that has been staged.It was on the market for 6 months as an empty condo.  It went under contract in one week after staging.

Staged condo at the Ingleside

The Building

Make sure that you have a realtor that understands the building. It’s best if you can get a realtor that not only knows the building but will be present for all showings.  There’s a lot to know about each building or community and you don’t want the selling agent who doesn’t understand your building fumbling around trying to find the party room or your parking spaces.  You want someone who can speak confidently about the amenities, the culture, the location and the financial health of the building. My team and I focus on condos and are familiar with all of the urban buildings in Cincinnati.

HOA Docs and Financials

Make sure that your realtor has current HOA documents and all amendments as well as financial statements for the building.  They will need the current budget, a recent balance statement and an income statement.  A copy of the rules and regulations is important to have too.  You don’t want to get a contract and then have the buyer find out that their 60 lb dog is not allowed in the building. Provide them with meeting minutes too. Many potential buyers want to know what the hot issues are in the building. You may also want to provide information about past special assessment and the history of the monthly HOA payment increases.

Photography

Make sure you have professional photography and that the common areas are shown.  If there is a pool or a gym, you will want to have those photographed too. If it’s winter, a good realtor that is familiar with your building will likely have photos of the pool from previous listings. For luxury condos or condos with great views consider doing a drone video to really show off the view and surroundings.

Days on Market

Condo buyers are a bit more deliberative than a house buyer.  Most will be very thorough in their evaluation of the building and the unit. In the last six months of 2017, condos in Cincinnati averaged 69 days on the market compared to single family houses which averaged 43 days on the market. Pricing the house right is the best way to beat the averages.

Advertising and Marketing

Many buildings do not allow signage so make sure that your realtor not only puts the condo on MLS but has a complete marketing plan to sell the condo.  Open houses are great for condos and usually attract a lot of people.  Make sure your realtor is willing to host open houses until it’s sold. Consider a dedicated website for your condo.

Financing

Financing a condo is more complicated than financing a house.  You and your realtor will want to line up a mortgage officer that does a lot of condos.  Not all condo mortgages can be sold on the secondary market. Other condos that have storefronts or restaurants are considered mixed use buildings and many lenders will not underwrite mortgages on those buildings.  The Edgecliff Private Residences, The Regency and many condos in OTR (Over-the-Rhine) are mixed use.

 

 

 

 

Best Neighborhoods for Millennials in Cincinnati

With fifty-two diverse neighborhoods, the city of Cincinnati has something for everyone looking to purchase a new home in 2018. Not to mention there’s never been a better time to invest in a home or condo in Cincinnati. Trulia real estate trends show a 4% year-over-year increase in home prices, and according to the most recent U.S. Census Report, Cincinnati has seen consistent population growth over the last five years. According to Trulia, the median age in Cincinnati is 38 —a reflection of the city’s popularity among millennials.

So, what makes our lovely home city so popular with the younger demographic? Recent studies have shown that in more congested, urban areas, millennials look for an easy commute, walkability, and easy access to restaurants, coffeeshops, nightlife, and amenities. Of course, Cincinnati’s many neighborhoods offer these features in spades, but which are the best for the discerning millennial home-buyer? With prices ranging from $125,000 all the way up to $750,000, the following neighborhoods offer excellent options for every price range.

Over-the-Rhine

Although Over-the-Rhine is one of Cincinnati’s most historic neighborhoods, the area has seen a great deal of growth and development in the last 20 years. Many of the homes for sale in Over-the-Rhine are newly constructed condos, with price points spanning the full range from $125,000 to $750,000. The neighborhood’s proximity to downtown makes nightlife and restaurants easily accessible.

The Eagle is a hot spot for fried chicken and socializing. Also check out historic Findlay Market, one of the country’s oldest public markets for farmers and artisans.  One Mercer is a good building.

The Allison is a new building in OTR with private parking on a tree lined street.  One of the better values in OTR.

Clifton

Adjacent to the University of Cincinnati, Clifton is one of the city’s most sought-after areas, with a populace made up mostly of current and former students. Among young graduates, condos are some of the most popular homes for sale. Given the proximity to the University, the area boasts numerous walkable streets with a plethora of shops and restaurants on Ludlow Avenue. In addition to great rental options, the homes here cost anywhere from $62,000 to $695,000. Don’t forget to stop at Graeter’s Ice Cream Shop before heading to Esquire Theatre for a movie.

20th Century Theatre in Oakley

Oakley

Located on the I-71 Corridor, Oakley is a popular suburban area. There are a lot of really fun spots to walk to such as Mad Tree Brewery Tap Room and Deeper Roots Coffee.  Due to the older housing stock the single family homes  this area tend to be smaller than those in other neighborhoods, and prices tend to be slightly higher, in the $250,000 to $600,000 range.  Competition is also fierce in this area, and many of the homes that enter the market are quickly gobbled up by interested buyers.  There are plenty of great apartments in Oakley but not a lot of condos.

 

Walnut Hills and East Walnut Hills

Nestled between downtown, Mt. Adams and Hyde Park, Walnut Hills is the perfect blend of urban and suburban.  There are numerous housing options from high rise condos, townhouses and single family homes.  Although prices are going up, you can still snag a single family house or condo in the low $100,000s if you are quick! Walnut Hills and East Walnut Hills are a walkers paradise. Walnut Hills is centered around Eden Park which is one of the best parks in the city.  The business districts of the neighborhoods are also experiencing a renaissance with lots of hip urban retailers, breweries and restaurants opening.  Shop at HyBred for vintage clothing and then grab lunch at O Pie O.  If you still have energy for a beer, pop across the street to Woodburn Brewery or coffee at Cafe DeSales.

The Verona is a lovely courtyard condo favored by millennials and close to historic Peebles Corner.

 

Northside

Sometimes compared to Brooklyn, this edgy neighborhood has one of the largest and most independent business districts.  There aren’t many condos in this neighborhood.  It’s mostly single family homes and duplexes.  There are some graceful Victorian homes on tree lined streets and smaller Italianate row houses on others.  It’s close to downtown but set apart from the other neighborhoods that millennials have typically gravitated.  It’s full of trendy businesses and quirky independent minded people. Take a  trip to Northside and experience it for yourself.  Stop at Shake It Records to get your vinyl fix and then get a bite at Ruth’s Parkside Cafe 

Condo Envy: Edgecliff 1903

The “03” stack at the Edgecliff has always been my favorite view in the building.  You can see the river, the bridges, the Cincinnati skyline, Mt. Adams and the Kentucky hills.  Priced at $375,000 this condo is a great buy!       This Condo Has SOLD!

It’s also a great condo to see the fireworks.

This 2 bedroom condo has been updated nicely with an open kitchen.

The building has one of the best locations of any condo building.  It’s on the edge of Eden Park, just minutes from downtown Cincinnati.  It has 24 hour concierge, garage parking, a lovely pool and fitness center, Le Bar a Boeuf Restaurant,  a doctors office, guest suite and party room.  See more about the condo.

5 Open Houses Weekend of December 2 & 3 2017

Looking for a beautiful condo with a Riverview? Then come check out the Meridian with its stunning 10th floor Riverview and Ingleside with its beautiful first floor walk-out Riverview.

The Meridian 3435 Golden Ave 1002

The Meridian is located on 5 acres of wooded grounds and is convenient to shopping and restaurants in the Mt Lookout/Columbia Tusculum area as well as Downtown Cincinnati. The building is a luxury high rise condominium building located in Mt. Lookout offering spacious two and three bedroom condos with private balconies. The residents enjoy scenic views of the river, city skyline and surrounding hillside. The condo was built in 1991.

Unit 1002 is a spacious 10th floor condo with stunning river and city views. Some features include large living room and master suite, neutral colors, built-ins and only 10 minutes from downtown. Amenities include a pool, fitness center, and 24 hour concierge. From the Meridian you can walk to Mt Lookout Square or downtown Columbia Tusculum.

Come check this beautiful unit out on Sunday 12/3 from 11:00-12:30.

Ingleside 2421 Ingleside Ave 1C

Beautiful and exclusive condo building with only 27 units. Floor to ceiling windows in all units with oversize balconies overlooking the river and city skyline. The building sits at the end of the street on a bluff and is considered by many to be one of the best built luxury condo buildings in the city.

Unit 1C at Ingleside is arguably the best unit is the building with its stunning views of both up and down river as well as the patio and green space included with this beautiful condo. Ingleside is a nice quiet building in the heart of East Walnut Hills. Want more green space and some shopping? Well you can walk to Eden Park and Woodburn Ave from this beautiful condo.

Come see what Ingleside and its gorgeous riverviews have to offer this Sunday 12/3 from 1:00-3:00.

1128 Race St 201D

Settled by Germans in the late nineteenth century, OTR has the largest collection of brick Italianate buildings. Trendy restaurants, bars and boutiques are scattered throughout the neighborhood. Residents can also enjoy the refreshed Washington Park and Ziegler Park and walk to Findlay Market and the Central Business District, with ease. The new streetcar connects the neighborhood to the CBD and the riverfront. Plenty of loft style condos and single-family homes are available. Most residences have been built new or renovated within the last 10 years. Young professionals and empty nesters are drawn to this lively walkable neighborhood in the heart of the city

Want to live in an urban area but still have a home with character? Well come see this beautiful 2 bedroom 1.5 bathroom townhome in OTR. This home offers exposed brick, custom woodworking, hardwood floors and a spacious private deck with city views. Enjoy the security of having gated parking while being just minutes from Washington Park and the new street car.

Come check out this urban townhome on Sunday 12/3 from 1:00-2:00.

3413 Traskwood Cir Unit C

Hyde Park is a tony neighborhood centrally located on the East side of Cincinnati, with easy access to Downtown or to anywhere else in the city. Hyde Park Square is full of restaurants, cafes and upscale boutiques. The square is a lively meeting spot for all and boasts many community events throughout the year, such as the annual Art Show. With its stately homes, luxury condos and apartments, the neighborhood appeals to people of all ages. It’s a paradise for walkers and runners.

Chestnut Station is a charming community built of 1-3 bedroom units as well as town homes. Offering a lovely neighborly feel with homes set back from the curb, beautiful landscaping and a community pool. Conveniently located in East Hyde Park, it’s an easy walk to restaurants and Hyde Park Country Club and easy access to I-71.

Come see this beautifully updated spacious 2nd floor condo in Chestnut Station. Enjoy this bright and open unit with its cozy fireplace, fresh paint, stainless steel appliances, master suite and 1 car garage. The HOA includes the pool, club house and the tennis courts.

Come see what Hyde Park and this beautiful condo have to offer this Sunday 12/3 from 11:00-1:00.

1221 Grays Peak Dr

Northern Kentucky is comprised of many different neighborhoods and cities. Covington, Newport, Bellevue, Dayton and Ludlow border Cincinnati and have many condominium choices. All three are very walkable neighborhoods. Many have amazing views of the Ohio River and Cincinnati skyline. All are experiencing a transformation as people are moving closer in to experience authentic urban living.

Want to have a beautiful city view? Come check out this gorgeous 2 level condo with approximately 3000 SF, 3 bedrooms with a den and 3 full bathrooms. This unit offers high end finishes, an oversized garage and large terrace.

Come see what Northern Kentucky and this beautiful condo have to offer on Sunday 12/3 from 1:00-3:00.

Is it Better to Buy a Condo Pre-construction or as a Resale?

This is often a topic of concern.  I’ve heard many people state that condo values do not go up because condominiums are commodities.  It’s not that simple.  The same rules apply to single family homes.  LOCATION. LOCATION. LOCATION.  Got that?

New Construction

The Value of New and Choice

I’ve found that a lot of people really value the newness of new construction.  They love choosing their finishes and living in a unit that no one else has lived in. You have the opportunity to pick the best view, floor plan and all of your finishes.

The Developer Needs You

Those first few buyers can often negotiate a bit more than later buyers.  The developers typically need to presell a certain percentage of units (70%) to get financing for the project.  While they are not inclined to reduce prices in a good market, they are often happy to give you some upgrades just to book the sales.  They know that the first few are the hardest to sell, once they have sold a good percentage of them other buyers will hop on the train and buy too.

Lock in Pricing

In an upward moving market, you are purchasing tomorrow at the market price today.  I’ll gladly pay you for a condo tomorrow.

Discounted HOA Assesments

If you aren’t there that long, this may be a good thing.  The developer wants to sell unit and is not worried about putting the funds away today for problems that may develop 20 years from now.  HOA payments will increase with time. They always do.  Expect them to increase at the rate of inflation.  It’s just good planning.

Tax Abatements

Many cities including Cincinnati offer generous tax abatements for new construction.  10 to 15 years at reduced prices.  Leed Certified is the best but any tax abatement can save you a lot of money over the years.

Construction Noise & Mess

New construction can go on for years.  Are you ready to live with the noise, dust and construction workers? Think about this if you are retired and home all day or if you work from home.

Who Controls the Building?

New construction is more complexity.  How long will it take and when will the homeowners get control from the developer. The goal is for the homeowners association to run the building, but all new buildings are run by the developer until certain milestones have been met by the developer.

New Construction has More Complexity

How long will it take and when will the homeowners get control from the developer. Will it sell out or will it maintain it’s pricing?  Will the developer have the financial wherewithal to complete the project?  Low inventory today means less to worry about but that wasn’t always the case.

Reasons to Buy a Resale Condo

Location and View

Often the best locations and views are the older buildings.  Most cities were developed a long time ago and people still want to be near downtown or to have views of water and minutes.  River view and ocean view condos were usually built long ago.  Park views are also sought after and the more established a park is the more expensive homes near it. There are always exceptions to this especially in newly revitalized cities.

Discount

Resales may have dated interiors or are being sold under a bit of distress.  People get old and move to assisted living and sometimes their families are left to sell the units and aren’t as emotional as the owner.  If you are willing to renovate, you can often get a very good deal and a good view.

The Community is Already Established

Once the building has been inhabited for a while, the community is established.  They have institutional knowledge, a  board and management with knowledge of the building.  It can take a while to establish boards and processes. In a resale you can tell if the building is a quiet building made up of retirees and professionals or a rowdy building with young professionals and students.  Some buildings are more social than others.  It’s helpful to know which type of community you are seeking.

Size matters

New construction for the most part tend to be smaller units with higher SF costs. The exception is the luxury market.  In Cincinnati, many of the new construction seem to be either 3,000 plus SF and over $1 million dollars or 1,000 SF and $300,000-400,000. Developers need to make money and are making smaller and smaller condos.  Micro condos and one bedroom condos are becoming more prevelant.

Better Quality Building

Older buildings are often built better.  Older condos were often made of better materials by better craftsman.  Some new buildings can be pretty but not so well made.  Take the time to learn about the developer. I’ve known more than one buyer who bought new construction only to find out that they can hear the neighbors walking above them.  Consider a newly developed older building for the best of both worlds.

 

 

 

5 Open Houses Weekend of November 18 & 19, 2017

Madison House2324 Madison Rd 1905

Great 1bd 1ba unit with view from the 19th floor. The unit features new granite counters and tile, along with wood floors. Some of the building features include, fitness area, conference/party room, heated pool and a 24 hour doorman. The ALL utilities included in the HOA; gas, water, electric and the association dues.

Madison House is located on 5 acres of wooded grounds and is convenient to shopping and restaurants in the Hyde Park area as well as Downtown Cincinnati. The building is a luxury high rise condominium building located in Historic Hyde Park offering studio condos and 1-3 bedroom condos with large balconies. The residents enjoy scenic views of the surrounding wooded grounds and the local neighborhood.

Check this stunning view and the condo that comes with it out on Sunday from 12:00-2:00.

The Lofts at 4120, 4120 Allendale Dr Unit 2C

Ever wanted to live on a Golf Course? Well now is your chance. This beautiful 4th floor condo offers stunning views of the Hyde Park Country Club Golf Course! Some of the features include 2 garage spaces, storage, custom blinds, and professional grade stainless appliances with a custom backsplash and a custom closet system for the Master closet.

The Lofts at 4120 are luxury condos overlooking the Hyde Park Country Club. Residents enjoy beautiful finishes in their home. Being on the edge of Oakley, the Lofts enjoy everything that both Hyde Park and Oakley have to offer.

Come see what Hyde Park, Oakley and this gorgeous condo have to offer on Sunday from 12:00-2:00.

The Edgecliff, 2200 Victory Pkwy 1607

Beautiful corner unit on the 16th floor. This 2bd 2ba condo has had a full renovation. Some great features include the High-End Kitchen Cabinets and Appliances, stunning master suite with walk-in closet and gorgeous views.

Prime location at the Edge of Eden Park. This building is full of amenities and has some of the best views in the city. It’s also has a restaurant Le Bar A Boeuf owned by Jean Robert de Cavel, one of Cincinnati’s finest chefs. Walkable to Mt. Adams, Peeble’s Corner, DeSales Corner. 4 minutes to downtown and 12 minutes to the CVG. A luxury condo with unsurpassed amenities.

Come check this beautiful condo out on Sunday from 1:00-3:00.

Settled by Germans in the late nineteenth century, OTR has the largest collection of brick Italianate buildings. Trendy restaurants, bars and boutiques are scattered throughout the neighborhood. Residents can also enjoy the refreshed Washington Park and Ziegler Park and walk to Findlay Market and the Central Business District, with ease. The new streetcar connects the neighborhood to the CBD and the riverfront. Plenty of loft style condos and single-family homes are available. Most residences have been built new or renovated within the last 10 years. Young professionals and empty nesters are drawn to this lively walkable neighborhood in the heart of the city.

Looking for a 2bd 1ba condo in OTR? Check out these two gorgeous units that are in the heart of OTR.

1422 Race St Unit 7

This beautiful 2bd condo has a private outdoor living space and entertaining terrace, as well as being a secure building. Amenities include hardwood floors, custom closets, laundry in the master, 2 large bedrooms and extra storage in the basement. Along with being on the street car line, which will take you to Finley Market, Downtown and the Banks, this condo is only half a block from Washington Park.

Come check this unit out on Sunday from 1:00-2:30.

The Allison, 1509 Race St Unit 305

Want a beautiful brand new construction condo in the heart of OTR? This beautiful 2bd 1ba condo is in the heart of OTR, close to everything that OTR has to offer, shops, restaurants, night life. Being on the Street Car line is great as well, you can take it to Downtown, the Banks or Findley Market. The unit offers covered parking, a high end kitchen, hardwood floors and laundry included.

Newly built condos on the street car lined in the heart of OTR. These condos are on a tree lined street and have garage parking. Walking to restaurants, Washington Park and Findlay Market.

Come see what OTR and this beautiful condo have to offer on Sunday from 12:00-1:00.

2017 Luxury Condo Statistics YTD Nov 11, 2017

Luxury condo sales are picking up in Cincinnati. We define a luxury condo as over $500,000.

Listings: 75

AVG List Price: $891,340

AVG Sale Price: $843,074

AVG Days on Market: 220

AVG SF: 2772

Most Expensive condo sold was $1,759,760 at 2770 Observatory Ave #406 in Hyde Park.

Where were the luxury condos?

Most of the condos were in Hyde Park, followed by downtown.

Mt. Adams: 1

Downtown:23

East End: 7

Oakley: 7

Walnut Hills: 12

5 Open Houses Weekend of November 11 & 12, 2017.

2932 Markbreit Ave Unit 4

Check out this 3bd 4ba New Construction town home with a beautiful rooftop deck, open floor plan, luxurious chef’s kitchen, 2 garage spaces, fireplace, and in a prime location across from Oakley Square.

Oakley is a neighborhood north of Downtown on Cincinnati’s East Side and favored by young professionals and young families, this neighborhood has experienced a resurgence of activity in recent years. Its home to many trendy small businesses, shops, restaurants as well as three grocery stores and big box stores. Convenience to I-71 makes this a popular destination. Single-family homes are mixed with apartments and condos.

Come see what this gorgeous town home and Oakley have to offer this Sunday from 12-2p.

Regency Square 2360 Dana Ave

Want a town home that is move in ready in a prime location in Cincinnati? Check out this 3bd 3ba unit at Regency Square. Some amenities include, fitness area, salon, laundry service, ample parking and much more. A few features are that the home has large rooms, hardwood floors, hug closets, as well as a private master suite with a walk in closet and double vanity. The HOA includes all major mechanics, the windows, roof, pool and basic cable.

Hyde Park is a tony neighborhood centrally located on the East side of Cincinnati, with easy access to Downtown or to anywhere else in the city. Hyde Park Square is full of restaurants, cafes and upscale boutiques. The square is a lively meeting spot for all and boasts many community events throughout the year, such as the annual Art Show. With its stately homes, luxury condos and apartments, the neighborhood appeals to people of all ages. It’s a paradise for walkers and runners.

Come see what Hyde Park and this beautiful move-in ready town home have to offer this Sunday from 12-2p.

One Mercer 1 Mercer St Unit 204

Want to live in one of Cincinnati’s up and coming neighborhoods? Check out this 2bd 2ba corner unit condo at One Mercer. Featuring a gourmet kitchen, wood floors, with loads of natural light and located in the heart of OTR. You can get to the Riverfront, Fountain Square and Findley Market from a short ride on the Streetcar.

Settled by Germans in the late nineteenth century, OTR has the largest collection of brick Italianate buildings. Trendy restaurants, bars and boutiques are scattered throughout the neighborhood. Residents can also enjoy the refreshed Washington Park and Ziegler Park and walk to Findlay Market and the Central Business District, with ease. The new streetcar connects the neighborhood to the CBD and the riverfront. Plenty of loft style condos and single-family homes are available. Most residences have been built new or renovated within the last 10 years. Young professionals and empty nesters are drawn to this lively walkable neighborhood in the heart of the city.

Come see what this beautiful 2bd 2ba condo and OTR have to offer this Saturday from 11:30a-1:00p.

Williamson Lofts 335 W. Fifth St Units 205 & 503

Want to live in Downtown Cincinnati? Check out Williamson Lofts. These 2 units, a 1bd 1ba and 2bd 2ba offer a newly renovated space with quartz counters, SS appliances, beamed ceilings, and beautiful finishes.

Cincinnati’s downtown is on the riverfront. Walk to Red’s and Bengals games, restaurants, museums, stores and many corporate headquarters. Big city amenities in a small friendly easy to navigate area. Many young professionals, corporate executives and empty nesters call Downtown home. Plenty of condos and apartments are available.

Come see what these 2 beautiful units and Downtown have to offer on Sunday from 12-2p.

Schoolhouse Lofts #41

2 Bed, 2 Bath in East Walnut Hills.  Walk to Woodburn Brewery, Cafe DeSales and OPieO.  Priced at $205,000, this one won’t last long.

Open Sunday 1:00-2:30

 

The Ascent 1 Roebling Way Units 706, 801, 1106, 1002, & 2001

Come check out the Ascent in Covington KY. Just a hop skip and a jump away from Cincinnati, Covington offers many great things, such as some mom and pop restaurants and Mainstrausse has shops, restaurants and some night life too! The Ascent has 5 units available, two 2bd 3ba, one 3bd 3ba and two 3bd 4ba units, with different floor plans and building levels, you are sure to find a home that is right for you!

More than just a luxury condominium, the Ascent is an original work of art. This exclusive community lives within an aesthetic statement and a towering architectural achievement.

Northern Kentucky is comprised of many different neighborhoods and cities. Covington, Newport, Bellevue, Dayton and Ludlow border Cincinnati and have many condominium choices. All three are very walkable neighborhoods. Many have amazing views of the Ohio River and Cincinnati skyline. All are experiencing a transformation as people are moving closer in to experience authentic urban living.

Come see what The Ascent and NKY have to offer from 2-4p this Sunday.