Can we learn from off market home sales?
Cincinnati Real Estate Market Update 05Sep2019
Little Miami River valley in the morning from
Off Market Home Sales Offer Important Information For Determining the Price to List a Home for Sale
"On market" transactions are captured in the Multiple Listing Service (MLS) while "off market" transactions are found in the county public records.
Using sales from 01May2019 to 31Aug2019 in the Fairfax suburb in Cincinnati as an example:
Adding sales data from off market transactions more than doubles the information available.
Overall prices are higher for on market sales, but the price per square feet is higher for off market sales.
Off market sales tended to involve smaller homes in Fairfax, explaining the apparent contradiction between price/sf and sales price.
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524 Pintail Drive, Loveland
Modern 4 bed, 3 bath home on 0.75 acre lot
Local Favorite of the Week
Bangkok St Thai Kitchen
Great Thai food at this restaurant in Kenwood. I tend to order curries, especially those with coconut milk. Pictured above is Thai iced tea, cha yen.
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Bryan Eppert, Pivot Realty