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Wednesday, November 12, 2008

Fort Thomas Home Prices

I am a registered user of Zillow - a real estate website that uses a unique way of valuing properties across the US. As a registered user I received an email today that indicated that my house had increased, YES - INCREASED in value. As you could imagine I was a bit skeptical even though I have invested thousands of dollars into improvements including a finished basement and a new deck.

Then I received an email later in the day from Robinson Realtors (I am not sure how I ended up on their email list) with sales and price statistics from communities all across the Cincinnati area. I was surprised to see the following statistics:

Fort Thomas
13
133
248,974
199,231
78

The columns are as follows; # of sold homes, # of listed homes, avg list price, avg sales price, and average # of days on the market. These statistics were on par (in regards to the % of homes on the market that was sold and average days on the market) with other great neighborhoods in the area such as Anderson Township and better than Blue Ash and Kenwood. Given the bad press it was better than expected. I understand this is still well below what we have seen over the past few years but I thought homes were not selling at all.

What is your perspective on the Fort Thomas housing market?

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