Real Estate Market Update & Covid 19

Real Estate Market Update & Covid 19

Real Estate During Covid 19 Outbreak 

Hot off the press! Mike and Brandi give an update on selling and buying real estate during COVID-19 in Cincinnati. Join us for tips on how to stay safe, but keep your business and clients moving forward. We’ll also go over featured listings, average sales price and days on market in Montgomery.

As the top real estate team in Montgomery, Ohio, we are committed to keeping you well informed so you can always make the best decisions for you and your family.

 

 

Call Us With Questions 

Have more questions?  Need to sell or buy a home soon but don’t know where to start during these ever changing times?  Please reach out to us!  Mike Hines is available to chat or email at anytime…. 513.260.0424 or [email protected] 

Support Your Local Businesses!

Support Your Local Businesses!

Support Our Local Businesses 

During these tough times, we wanted to share this information from the Montgomery Chamber of Commerce to show our support to our business neighbors and friends. We love being a part of this community where everyone is looking out for each other.  Hang in there everyone and stay safe! And let us know if we can help in any way!

Restaurant
Contact
Offer
Call (513) 793-9463 or text (616) 635-5109 Tues-Thurs 12:00-6:00 pm & Fri-Sat 1:00-7:00 pm
Carry out & delivery; case discounts on 6 bottles of wine through March
Call (513) 745-9568 11:00 am-8:00 pm or DoorDash
Full menu for carry out; retail wine ½ price, carry out only
Call (513) 231-5555 Tues.-Sun 4:00 pm-10:00 pm
Full menu for carry out; wine at state minimum
Curbside take out
Soup(er) Delivery
Closed through March
 
(513) 802-5500
Carry out, Door Dash & GrubHub
(513) 502-6212
Curbside pickup and carry out
(513) 718-9173
Carry out beer and liquor 9:00 am-5:00 pm
(513) 984-6467
Delivery & carry out
MontgomeryInn.com or (513) 791-3482 11:00 am-8:00 pm
Delivery, pickup, and catering
Ordercitybbq.com
Free delivery for orders over $25
(513) 815-6641
Car delivery, Door Dash, and GrubHub
Vinaigrette app
Order on app and pickup in store; text (513) 426-6499 for curbside pickup; 5 mile delivery radius
(513) 489-1411
Phone orders with 2 hour pick up 9:00 am-5:00 pm
(513) 489-7044
Carry out, catering, gift cards
Jettspizza.com or (513) 793-4488
Carry out and delivery
(513) 791-0900
Carry out and delivery
 (513) 530-9464 
Carry out, Door Dash, and GrubHub

 

 

    

 

10 Reasons to Love Montgomery

10 Reasons to Love Montgomery

10 Reasons to Love Montgomery! 

It’s hard not to love Montgomery! We loved it so much we moved our offices here in the beginning of 2019 and hope to call Montgomery home for many more years.

But what makes Montgomery so great? As real estate agents, it’s an easy community to sell once you’re here. However, if you haven’t had the opportunity to experience all that it has to offer, here’s our 10 favorite things about Montgomery…

1. The Location

Situated conveniently between I-71 and I-271, Montgomery is nestled in between great communities like Indian Hill and Blue Ash with connectivity to pretty much anywhere you would want to go. It’s a little slice of heaven that’s only 15 minutes from Downtown and a straight shot down I-71 at that if you need your urban fix!

2. The Schools – Sycamore School District

Of course, real estate agents can’t speak to how great a school district is other than sharing the ratings. So, we’ll just say that it’s rated #22 in Ohio and #535 in the Nation by US News. With those ratings, it’s not surprising that the schools are a big draw to new residents.

3. Downtown Montgomery

Ask anyone and they’ll agree that the Heart and Soul of Montgomery, besides the people, is it’s Downtown. As I write this, I sit in the center of it all and often capitalize on what it has to offer by walking to lunch with our team. On any given week or weekend day, you’ll see a bustling downtown full of friends, neighbors and visitors

4. Local Shopping & Eating

Where do we start here? Too many places to mention, but we’re suckers for Z Wine Place, Toast & Berry, & Napa Kitchen and BTW, have you checked out the CBD Store?

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5. Parks

We are lucky to have 6 parks within Montgomery, consisting of 96+ acres. Each park offers it own unique feel and amenities, but what makes these parks even better is that they are connected by over 10 miles of sidewalks, allowing easy access for all residents. Many parks have picnic shelters which can be reserved by Montgomery residents for their own personal use.  Pretty Awesome!!

6. Walkability

How do you get to those lovely parks? Well you don’t have to use the car if you don’t want to! With miles upon miles of sidewalks and walking trails, you can get pretty much anywhere. And with the bricked streets of Downtown, its the perfect set up for strolling after a meal or shopping!

7. Montgomery Quarter

Starting in 2020, the entry way to Montgomery is going to change dramatically! We will have a new roundabout to improve traffic patterns at Montgomery RoadRonald Reagan Cross County Highway.

The City of Montgomery is also redeveloping the currently vacant area with office, retail, hotel, and residential. We can’t wait to watch it all take shape!

8. Large Pretty Lots

As home geeks, it wouldn’t be right if we didn’t talk about the neighborhood and its homes. With gorgeous settings, large established trees, and of course, charming homes, Montgomery is an easy place to drive around and admire. The terrain and character is one of the main draws that sucks people in!

9. Mixture of Homes & Price Points

Montgomery is the last place you could call Cookie Cutter! With homes dating back to the 1800s and others built in 2020, you can appreciate architecture of all kinds. We absolutely love the variation in price points and style type.

10. And Last, But Not Least… The Camaraderie!

If you live in Montgomery, it’s hard not to run into someone you know. That person might be Father Mike that runs along Montgomery Road everyday or our office dog, Pepper! Best of all, we look out for each other, enjoying hanging out together, and supporting each other.

Ready to Move to Montgomery?

The team at Build Collective, Coldwell Banker West Shell can help you buy or sell a home in Montgomery!  We grew up here, we work here, and we are the top real estate team in Montgomery. Contact us at 513.686.7676 to get your new home journey started or click below to see the current homes available in the area!

See Montgomery Homes for Sale

Our New Home!

Our New Home!

Come See Us in Downtown Montgomery!

It was a bittersweet moment when we moved out of office suite at the Millennium Business Systems Building in Symmes Twp on a cold, winter day in January. It wasn’t exactly the smoothest move with losing our original mover five minutes before starting (shout out to All My Sons Moving Company for saving the day!) and then Drew Mannix, our skilled videographer, slipped and fell off the delivery truck! But, we figured it out, wiped Drew off and settled ourselves into our new home at 9361 Montgomery Rd Suite D in the heart of Montgomery!

Moving into a new office is a lot like moving into a new home…it takes a while to get settled. Especially, since Millennium had become home for so many years. It was the place where Build Cincinnati grew from just being my Dad, Bill, and I to a team of many! We had fantastic neighbors, our friends at First Title, and incredible landlords, the copier and printer Mavens at Millennium Business Systems.

Now, with over a month under our belt in our brand new digs here at Montgomery Commons, we are now excited to call ourselves Montgomery residents. Being located smack dab in the heart of downtown Montgomery, we’ve already been enjoying the new neighborhood by eating at European Cafe and Napa Kitchen and grabbing a drink or three at Z Wine Gallery. Hopefully you’ll see our sign next time you drive by on Montgomery Rd.

We’d love to see you! Take a look at us working hard in the office below! Or feel free to come see us or give us a call at 513.260.0424 !

Fall Market:  What to Expect

Fall Market: What to Expect

Did you realize that the Fall market is already here! It snuck up on us. It might not feel like it with these 90 degree days, but now that Labor Day has come and gone, we’re in the heat of the Fall market. Literally.
Over the years, we’ve seen an incredibly strong market in September and October because of lack of inventory and increasing demand. This year is no different, but there are some trends in the market that you’ll want to keep an eye on so you can see how they might effect your selling and buying plans.
To understand the market though, we first to explain how we view and track the local real estate market. We’ve all heard that real estate is all about location and that’s never been more true. We like to use the term “Hyper Local”. What does this mean? Well, each neighborhood has it’s own ecosystem if you will. Demand and supply can be different from one neighbor or another…heck, from one street to another.  Monthly, our Build Cincinnati team reviews the sales, listings and trends for each area we focus to understand the health of that market. We even go as far as breaking each area up by price point.
An example would be looking at Montgomery and Hyde Park. Below, you’ll find a quick breakdown of home sales and listings at different price points and their average days on market. By going hyper local, we can best advise our clients on how to position their homes or buying plans.
Montgomery
Less Than $400,000 – 10 Listings
$401,000 – $700,000 – 26 Listings (2 New Construction)
$700,000+ – 40 Listings (18 Resale or Completed Homes & 22 New Construction)
Hyde Park 
Less Than $400,000 – 28 Listings
$401,000 – $700,000 – 18 Listings
$700,000+ – 25 Listings
Most people are under the impression that each of these areas are Seller Markets, meaning the lack of inventory gives Seller’s the edge. That might be true some cases, but in many, there is actually a growing amount of inventory. Before you worry though, Cincinnati in general only has 2.1 month absorption rate. This means that if there were no new listings, all of the homes would be sold in 2.1 months (theoretically, of course). A balanced market in Cincinnati is 4.5-5 Months, so we’re still well below that.
Here’s what this means to you:
For Sellers: the market is strongHome prices are up 7.4% across Ohio. However, Sellers and Agents need to be care not to become over confident in a home’s ability to sell at any price. When pricing your home to sell, we need to be ever vigilant in finding that sweet spot on pricing. The first two weeks after listing are the most important and you only have one chance to do it right. We always arm our clients with list price range and of course, a suggested list price. When reviewing the competition and sales, be sure that you’re being objective.
For Buyers: Inventory is low in most cases, but there are great properties that come on the market (or we find through back channels) routinely! Our team is hungry to find new homes, lots and opportunities for our Buyers, but we all have to work harder than ever to find them. This means making yourself available as much as you can to see homes the moment they hit the market and being pre-approvaled!  We’ll be sure to take care of you on this front!!
Building Buyers: Cost is going up so get it now before it gets even more expensive to build! Over the past 12 months, the cost to build has gone up 8-10%. That’s purely the cost of materials and contractor work. Lumber, hardwood, labor, roofing, you name it! The longer you wait to build, the higher likelihood that the cost will go up even more. Land and lot opportunities are more difficult and more expensive to find too. If you’ve considered building, now might be the time to explore it a little more seriously.
With that, we’ll leave you with an interesting statement that sums up what many are seeing out there and to calm any of those that are throwing the term bubble around…
“We’re seeing the first indications that price appreciation may be slowing, but the underlying fundamental housing market conditions support a natural moderation of house prices rather than a sharp decline.” -Mark Fleming Chief Economist at First American
Daley’s Incredible Mid Century Modern Makeover

Daley’s Incredible Mid Century Modern Makeover

Something special can happen when a builder has enough passion for design that they find inspiration when they’re not looking. This is the case for Graeme Daley of Daley Design + Build. Recently, he began designing a new lifestyle home that is inspired by Mid Century Modern living.

If you don’t know Graeme, he is the president and owner of Daley Design + Build, hence the name of course. The company is relatively new, but he’s not new to building game! He’s been involved in real estate, specifically design and building for the better part of a decade. Recently, he set out on his own with a company that focuses on what he feels like has been missing in custom home: Thoughtful Design.

Fast forward to Fall 2018. Graeme has spent the 1st half of this year working with his architects to design new plans that are truly inspired. They’re as much about as the look and feel as they are function. His most recent market home design is a take on the much loved Mid Century Modern. He’s spent hours trying to perfect the roof pitches and window placements to be sure that Carl Strauss would be happy. When you walk through the home, you’ll have angle ceilings with wide open spaces and light pouring in from the walls to ceilings.

Entrance of Orchard Trail

This specific plan is meant to be built on a lot in Orchard Trail, which is a lifestyle community just off Montgomery Rd near Weller. It’s designed to complement the existing craftsman style homes that have been built by using compatible materials, roof heights and presentations. We’re particularly excited to watch this home take shape and see Graeme carefully revive one of the past few centuries most cherished home designs.

Take a look at the Orchard Trail Web Page and let us know if you’d like to talk with Graeme about designing an incredible home in Orchard Trail or any of his other areas (Madeira, Montgomery or Indian Hill)!

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