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Luxury Markets Report G R E A T E R C I N C I N N A T I The Leaders in Luxury Real Estate comey.com LUXURY Market Recap 2016 In most neighborhoods that comprise the Greater Cincinnati real estate market we consider single-family homes and condominiums valued at 500 000 and above to be the luxury market. As you review the numbers below please keep in mind that the average and median list and sales prices are directly influenced by the types of properties sold during that year. A dramatic increase or decrease in the figures might simply be a reflection of the quality and value of properties sold in that area and might not be a direct reflection of what has happened to that community s property values in general. For a more detailed analysis on what your home could be worth in today s market we always recommend consulting with one of our real estate experts. Active Listings Homes Sold Total Sales Volume Average List Price Average Sale Price Average DOM Median List Price Median Sale Price Median DOM aMberLey ViLLage 13 2014 8 2015 12 2014 63 2015 61 2014 7 2015 14 2014 13 2015 11 2014 5 2015 11 2014 21 2015 25 2014 105 2015 102 2014 99 2015 100 2014 89 2015 84 5 981 591 8 631 875 802 859 823 500 747 699 719 323 67 129 724 988 679 000 705 000 665 500 41 58 anderson & neWtoWn doWntoWn oVer-tHe-rHine & tHe riVerfront east WaLnut HiLLs gasLigHt cLifton 41 43 306 016 42 058 215 695 382 714 715 687 397 689 479 48 87 675 000 649 900 646 000 629 000 27 46 21 5 974 500 9 348 435 898 343 679 207 853 500 667 745 253 47 765 000 599 000 690 000 584 806 45 30 14 11 957 008 8 112 700 956 100 790 136 919 770 737 518 45 140 750 000 829 000 750 000 775 000 23 61 7 2 804 500 6 752 800 590 000 632 482 560 900 613 891 55 58 550 000 595 000 540 000 540 000 22 33 HaMiLton tWP & soutH Lebanon Hyde Park & Mt. Lookout indian HiLL LoVeLand MiaMi tWP & syMMes tWP 45 14 982 660 19 102 540 752 012 781 125 713 460 764 102 54 107 650 000 648 500 625 000 612 000 33 69 43 94 473 098 80 550 591 940 971 837 267 899 744 789 712 44 35 740 000 699 000 700 000 675 000 12 8 67 102 924 628 113 429 040 1 122 034 1 243 012 1 039 643 1 134 290 83 107 1 099 000 1 011 000 1 062 500 1 000 000 45 69 49 54 613 046 53 199 957 638 717 654 457 613 630 633 333 84 55 599 900 624 950 578 000 604 400 43 24 Source MLS of Greater Cincinnati DOM Days on Market. DOM reflect only the current listing period List price reflects asking price at time of contract acceptance. Active listings as of 1 8 2016. MarieMont 12 2014 36 2015 30 2014 89 2015 110 2014 38 2015 47 2014 12 2015 19 2014 6 2015 2 2014 21 2015 17 2014 61 2015 67 Homes Sold 32 497 712 21 613 147 796 283 738 660 902 714 720 438 134 137 737 000 675 000 795 160 665 250 9 29 Mason & deerfieLd tWP MontgoMery 66 68 267 739 84 240 776 797 977 789 999 767 053 765 825 87 77 669 015 679 554 660 000 655 000 39 33 36 27 050 785 35 707 889 717 146 786 836 711 863 759 742 75 139 689 900 749 900 692 056 765 000 44 90 Mt. adaMs nortH aVondaLeat 400 000 Properties priced terrace Park West cHester Liberty tWP & beckett ridge nortHern kentucky ft. MitcHeLL 8 13 119 986 18 199 433 1 134 150 1 032 174 1 093 332 235 957 865 269 1 085 000 1 192 304 1 100 000 950 000 117 118 1 3 201 000 982 500 559 779 509 500 533 500 491 250 103 11 550 000 509 500 511 500 491 250 91 10 10 14 795 500 11 676 100 752 133 712 188 704 548 686 829 76 48 719 000 689 000 690 000 650 000 61 12 54 39 652 883 45 409 518 Total Sales Volume 684 146 699 716 Average List Price 650 047 677 754 Average Sale Price 91 107 Average DOM 582 950 625 000 Median List Price 567 000 607 315 Median Sale Price 64 56 Median DOM Active Listings 4 2014 7 2015 8 2014 9 2015 18 2014 10 2015 18 2014 15 2015 19 2014 20 2015 33 4 209 910 5 624 600 639 387 715 825 601 416 703 075 120 12 650 000 565 660 614 000 574 160 57 6 ft. tHoMas riVer coVington neWPort & beLLeVue 7 5 114 740 10 452 067 616 504 610 513 568 304 580 670 93 114 598 000 577 450 550 000 543 000 80 67 44 8 007 500 13 801 303 844 350 832 244 800 750 766 739 117 212 687 400 699 450 653 750 655 000 48 148 ViLLa HiLLs 19 crescent sPrings Park HiLLs & edgeWood union 28 9 495 300 12 809 500 13 099 259 21 338 625 671 800 723 721 685 133 695 964 633 020 674 184 654 963 646 625 86 142 72 121 610 000 639 900 629 512 638 800 585 000 617 500 629 512 594 000 26 74 49 80 SIGNIFICANT rkets Report HYDE PARK 2575 Handasyde Avenue Sold in June 2015 for 2 610 000 Exceptional stone home that combines thoughtful updates with Old World character. One of Hyde Park s finest LUXURY I N C I N N A T I Local Sales W We hope you will enjoy our Luxury Markets Report which surveys the entire Cincinnati and Northern Kentucky In most neighborhoods that comprise the Greater Cincinnati rea market neighborhood by neighborhood. Comey & valued at 500 000 and above to be the luxury market. As you re Shepherd has long and sales prices are directly influencedof the types of median list been the leader in the upper end by Cincinnati real estate. Our exclusive affiliation with the figures might simply be a reflection of the quality and value o Christie s International Real that community sestate arm of in gener what has happened to Estate the real property values the art and auction house extends our reach and providesone of ou today s market we always recommend consulting with us with a connection to the national and international Active Homes residential luxury market. Additionally our in-house Total Sales Listings Sold Volume luxury publication BEST Magazine provides a forum to promote the many luxury listings that our agents handle. 2015 saw the top end of the luxury market somewhat 5 981 591 13 8 aMberLey ViLLage quiet. Only one sale passed the 3M mark with four above 2015 2.5M and eight above 2.0M. These sales took place in 12 8 631 875 Indian Hill and Hyde Park with one in Harrison and one 2014 in Anderson. As of this writing (early February) eight anderson & 41 63 43 306 016 homes above 3M are listed on the market. Predictions neWtoWn 2015 abound of continued tight inventory in 2016. Current 61 42 058 215 stock market volatility weighs upon the wealth effect for luxury buyers considering trading up. Just how much of a 2014 doWntoWnthis continued factor will be in 2016 it is too 7early to 5 974 500 tell. 21 oVer-tHe-rHine We expect something of a repeat in 2016 from the prior 2015 & tHe any unwelcome 14 9 348 435 year absentriVerfront economic surprises that would dent consumer confidence. Looking throughout the U.S. and beyond luxury real 11 957 008 estate 14 13 east in a variety of markets traded successfully in 2015. 2015 WaLnut HiLLs An array of properties from Christie s listed below gives 11 8 112 700 an interesting cross-section of premier properties around 2014 the country and around the globe. 2014 2014 Market Recap 2016 MOUNT ADAMS 400 Baum Street Sold in June 2015 for 1 280 692 This superior home is a masterpiece of architectural excellence. Well planned and upscale features including sweeping city and river views dramatic design 600 sq ft rooftop terrace 10 ceilings and 3 car garage. New York New York US 77 500 000 gasLigHt cLifton 7 5 2015 11 2014 21 2015 25 2014 105 2015 102 2014 99 2015 100 2014 2 804 500 6 752 800 Sydney Australia HaMiLton t US 50 000 000 WP London UK US 29 000 000 & soutH Lebanon 45 14 982 660 19 102 540 Veroyde Park & H Beach Florida US 17 000 000 Mt. Lookout Hong Kong China US 7 180 000 43 94 473 098 80 550 591 uxury Real Estate INDIAN HILL 9945 Lakewood Lane Sold in February 2015 for 2 300 064 Privacy and natural splendor is to be enjoyed in this elegant Indian Hill estate. Features include beautiful spaces and exceptional appointments throughout all within walking distance to shopping and restaurants. 2575 Handasyde Avenue indian HiLL Hyde Park Cincinnati OH US 2 610 000 67 102 924 628 113 429 040 LoVeLand Throughout the year we will continue to publish 49 89 MiaMi Homes BEST FinetWP & showcasing distinctive listings 2015 syMMes tWP throughout the area. 84 54 613 046 53 199 957 y.com Source MLS of Greater Cincinnati DOM Days on Market. DOM reflect only the current listing perio Corporate Office 6901 Wooster Pike Cincinnati Ohio 45227 Phone (513) 561-5800 Fax (513) 561-0292 Other offices Anderson Blue Ash City Fort Wright KY Harrison Hyde Park Lebanon Liberty Township Loveland Maineville Mariemont Montgomery Symmes Township West Chester