Wednesday, June 17, 2009

Mason Condo Market

Let's take a moment to update the condo market in Mason, OH.

Currently there are 157 condos on the market in the 45040 zip code.
They range in price from $69,900 to $499,000.

33 units are Pending/Under Contract.

54 have sold/closed in the last 3 months.

It is definitely a tough market for condo sellers right now. There is a lot more units for sale than there are buyers.

Advice for sellers - Price competitively. Condo must be in excellent condition. Be prepared to take a loss if the home was purchased in the last 4 years.

Advice for buyers - You have a lot to chose from. Make an offer. Don't be afraid to make an offer on the one you really like. Some sellers only have so much to bring to closing. If they are taking a loss, they may not be able to negotiate low enough for the current market. Work with a Realtor who is experienced.

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