West Clermont Home Sales | August 2017 | West Clermont School District
West Clermont Homes For Sale
Hot Potato! What is totally amazing is the number of days the average home takes to sell in the West Clermont Home Sales Update for August. 22 days, that is all it is taking for the average home to sell. It is like a gold rush! It is nothing but impressive, running circles around all other school districts in Clermont County. The demand for homes has buyers ready to jump on a listing when it becomes available. That is a big part of the reason why the absorption rate is also so low at 3.3 making it a slight seller’s market
Also, an impressive part of the picture is the increase in the average sale price. The new average sale price is $182,272. All year that number has been in the $160’s. At first I thought there might have been a sharp upturn in new construction, however, there were no recorded new built homes in last month’s MLS report. This also happened in Williamsburg which also showed an unexpected jump in sales prices. It is nice to see, however if this continues, it could be setting the stage for problems in the not distant future.
The number of pending contracts is slightly lower and isn’t of great concern seeing how the number of active listings and closed continues to be very consistent. That should be a good indication of continued stability in the market. If there is a more serious drop in pendings next month, we’ll have to revisit the topic.
What will bear watching is what happens during the later part of the school year. The opening of the new high school has helped home sales, however, what will happen with the market when the high school has already been in existence for a most of school year will need to be tracked.
To see how the school districts in Clermont have done, Click Here.
Bottom line, if your home failed to sell, CALL US! We specialize in selling homes other agents couldn’t sell! Call or text 513-201-7890 or Click Here!
West Clermont School District Market Update (Each month is the previous 6 months totals & averages)
| Active Listings | Pending Listings | Sold Listings | Avg Active Price | Avg Sold Price | % of List To Sale Price | Absorption Rate > 6 = Buyer's Market < 5 = Seller's Market | Avg Days On Market |
|
|---|---|---|---|---|---|---|---|---|
| January, 2017 | 142 | 123 | 538 | $184,311 | $162,810 | 97.71% | 2.9 | 40 |
| February, 2017 | 113 | 158 | 498 | $188,124 | $161,705 | 97.63% | 3.3 | 43 |
| March, 2017 | 118 | 162 | 495 | $196,279 | $164,055 | 97.59% | 3.39 | 43 |
| April, 2017 | 124 | 184 | 484 | $212,749 | $165,746 | 97.81 | 3.8 | 42 |
| May, 2017 | 129 | 173 | 518 | $220,999 | $165,586 | 97.87% | 3.5 | 40 |
| June, 2017 | 162 | 162 | 536 | $221,210 | $166,168 | 98.23% | 3.65 | 32 |
| July, 2017 | 169 | 179 | 572 | $216,736 | $165,702 | 98.32% | 3.7 | 29 |
| August, 2017 | 134 | 155 | 523 | $235,922 | $182,272 | 98.57% | 3.3 | 22 |
| September, 2017 | 130 | 118 | 544 | $240,338 | $181,589 | 98.44% | 2.7 | 22 |
| October, 2017 | ||||||||
| November, 2017 | 141 | 129 | 602 | $220,907 | $173,841 | 98.30% | 2.7 | 24 |
| December, 2017 | 119 | 95 | 578 | $219,570 | $175,00 | 98.08% | 2.2 | 26 |
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