October 2019: The Home Front Real Estate Report

Neighborhoods with the best percentage of sales to active listings (only neighborhoods with at least 25 combined actives and solds are included):

  1. MT WASHINGTON //  23 sold with 13 active // 177%
  2. BELLEVUE  //  19 sold with 18 active //  105%
  3. LEBANON  //  26 sold with 32 active //  81%

Neighborhoods with the lowest percentage of sales to active listings (only neighborhoods with at least 25 combined actives and solds are included):

  1. AVONDALE //  1 sold with 29 active // 3%
  2. EAST END //  2 sold with 27 active // 7%
  3. MT ADAMS //  2 sold with 31 active // 9%
Suburb# Sold# ActiveAvg $ ListAvg $ SaleDays on Mkt.
Amberly Village416689,906754,25052
Anderson55135547,627286,47423
Avondale129231,800112,00014
Bellevue1918325,927225,32616
Blue Ash1555296,493493,39455
Clifton924249,219254,91426
Columbia Tusculum927497,396418,25619
Covington3789279,037172,73735
Crestview Hills58494,962174,4004
Dayton, KY924313,391163,77658
Deer Park105234,900212,0005
Deerfield Twp44121555,419446,77762
Dntn/OTR1480369,034406,22169
East End227819,376195,75093
Edgewood820471,568310,31720
Fort Mitchell611563,371198,48340
Fort Thomas1644381,601263,56134
Fort Wright1115306,593208,53635
Glendale415468,800473,00096
Hyde Park2471829,739481,73313
Indian Hill6581,632,908984,917109
Kennedy Heights310165,010142,96723
Kenwood46414,833225,5003
Lakeside Park12212,450233,50074
Lebanon2632273,898240,38813
Liberty Township49140431,287308,36726
Linwood310355,180573,66723
Loveland2431355,832222,99418
Madeira1538540,876378,00034
Madison Place13189,950522,0003
Madisonville726287,964204,21428
Maineville03181,567n/an/a
Mariemont715689,453507,686116
Mason4498564,819358,20447
Miami Township59125471,605298,00433
Milford119182,755246,9424
Montgomery882677,630380,12518
Mt. Adams331573,2161,084,281122
Mt. Auburn432363,955253,72583
Mt. Lookout1140594,393491,60557
Mt. Washington2313212,692171,52813
Newport1547327,782204,19337
Newtown44509,950290,25040
Northside1343235,895138,96269
Norwood2539191,503163,20524
Oakley1432345,900273,55016
Park Hills412271,887227,25034
Pierce Township1548392,595174,56620
Pleasant Ridge1328277,143218,98124
Sharonville1216264,788140,8254
Silverton611229,827160,20815
South Lebanon629322,205320,39910
Sycamore Twshp.1737452,076217,58215
Symmes Twshp.2039519,702356,72834
Terrace Park622688,159485,00030
Villa Hills1025465,894256,93719
Walnut Hills830492,700283,82523
West Chester77101376,436263,85620
Western Hills2139264,554204,42924
Wyoming1629474,972271,12533

How the Millennial Home Buyer is Redefining Luxury

As millennials continue to mature, earn higher wages, and increase their purchasing power, so does their ability to influence the status quo. From social norms to political issues, millennials have effectively advocated for changes that can be broadly felt in our lives today. The same can be said for their influence on the real estate market, which millennials have recently entered in great numbers. According to the 2018 Home Buyer and Seller Generational Trends study from the National Association of Realtors, millennials held the highest share of home buying activity out of all other generations for the fifth consecutive year. However, realtors are discovering some features that appear high on the millennial home buyer’s wish list are quite different from what they’ve come to expect from other generations. These splurge-worthy features are redefining the meaning of luxury in homes.

The experience economy. Unlike generations before them, millennials place a greater value on experiences than material good. Instead of splurging on a designer handbag or expensive watch, millennials are far more likely to treat themselves to a day at the spa or a memorable night out. Their interpretation of luxury is closely connected to enriching their lives rather than amassing material goods. This translates into the real estate market in a variety of ways.

Less space, greater functionality. Millennials tend to prefer smaller homes with fewer rooms, but want an inclusive living area large enough to share with friends and family. They are willing to sacrifice square footage for artisan craftsmanship, notable architectural design, versatile floor plans, and open concept living. They would rather have a little of something they love than a lot of something they feel is only average.

Smart homes. Digital connectedness is extremely important to tech-savvy millennials. Fast internet access, smart appliances, and homes that are networked for AV systems, security features, thermostats, and voice-controlled features are high on the millennial shopping list. While these features may seem extravagant to older generations, millennials have grown up with and relied on digital technology most, and in many cases, all of their lives.

Think green. Protecting the environment is an important cause for the millennial generation. Therefore, it comes as no surprise that they want their home to be as environmentally friendly as possible.  Millennial home buyers are quite savvy when it comes to knowing what to look for. Location, walkability, sustainable building materials, energy-efficiency, and LEED certifications are a number of green features that millennials would like to have in their new home.

Engaging communities. Millennials yearn to feel connected to their community. That is why so many of them are seeking homes in urban environments where there are often greater opportunities for community involvement. It’s important for many millennials to live in a neighborhood where nearby gathering spots are plentiful. Parks, festivals, pop up shops, and local cafes and restaurants are ideal settings to experience their neighboring community in meaningful ways.

The great outdoors. Greenspace, both public and private, will be high on the millennial home buyer’s wish list. Millennials have a strong desire to extend their living area beyond the physical walls of their home. Balconies, courtyards, and rooftop decks are highly sought-after features in their home. Nearby parks and biking and hiking trails support their active lifestyles and provide even more opportunities for millennials to interact and connect with their community.

 

Savoir Vivre in Montreal

We partner with over 990 Sotheby’s real estate offices in 72 countries. Each month we showcase a home from one of these partners. Our feature home this month is located in Montreal, Canada.

Montreal is an astonishingly beautiful city surrounded by the St. Lawrence River and named after Mount Royal, a prominent landmark that stands 764 feet above the city center. Mount Royal is home to residential areas, several of the city’s founding institutions, vast cemeteries, neighborhood parks and the magnificent Olmsted-designed Mount Royal Park. With 11 universities in the Greater Montreal area, the city enjoys its reputation for higher education and academia. Montreal boasts a dizzying array of culinary delights, art and music venues, and notable architecture, making it a preeminent destination for those seeking cultural enrichment. A favorite pastime of Montrealers and visitors alike is exploring the city’s unique neighborhoods, especially on foot or bicycle. Each neighborhood has its own distinct personality, intriguing characteristics, and different offerings. Montreal is an extremely livable city, consistently earning high marks on qualities used to measure quality of living. Residents here truly embody the spirit of the French expression savoir-vivre meaning, quite simply, they know how to enjoy life.

Montreal’s thriving downtown is a busy hub of shoppers, office workers, and students from McGill and Concordia universities. While downtown Montreal remains the commercial and business core of the city, it is also home to the Museum Quarter, the entertainment district, sports venues, and renowned shopping and dining.  RÉSO, commonly referred to as “the underground”, is a sophisticated underground pedestrian network with over 120 access points downtown. It’s the perfect way to explore the city center during inclement weather.

Located in the heart of downtown is this beautiful 2 bedroom, 2 bath residence with stunning panoramic city views is situated on the first level of Le Crystal PH. Floor to ceiling windows flood this well-designed space with natural light. The two spacious bedrooms are separated by the living area, offering more privacy for you and guests.  Incredible amenities and exceptional location delivery a truly luxurious urban experience.

For additional information, click here. You may also contact us at 513.321.6000. We will be glad to guide you.

Happenings: September + October

FINE ARTS

Study of a Male Nude, Separate Study of his Head, 1537-1538, Michelangelo

The Cleveland Museum of Art presents  Michelangelo: Mind of the Master which brings to the United States for the first time, a group of drawings by Michelangelo. These are courtesy of the remarkable collection of the Teylers Museum (Haarlem, The Netherlands), which was formed in the 18th century. This, in part from the collection of Queen Christina of Sweden (1626–1689). Additional drawings from the collections of the Cleveland Museum of Art and the J. Paul Getty Museum round out the display. Explore Michelangelo’s methods and major projects, as well as the fascinating history of the ownership after his death. September 22, 2019 to January 5, 2020.

ChimaTEK: Hybridization Machine, 2013, Saya Woolfalk

Now through October 27, CAC will be showing A Cabinet of Anticipation: Saya Woolfalk. Born in Gifu City, Japan to a mixed race family marrying Asian and African American heritage, Saya Woolfalk lives, works, and performs the provocative concept of cultural hybridity. Her trans-national background informs colorful, multi-disciplinary work which explores the future of racial and cultural cross-pollination. Marrying totemic iconography with technicolor surrealism, science fiction and fantasy, Woolfalk imagines a fictional race of women able to alter their genetic make-up and merge with the natural world.

Get Into The Groove is the 80’s theme for Art After Dark at the Cincinnati Art Museum on Friday, September 27 from 5 -9 pm. Bust out your spandex, leg warmers and acid wash jeans!  popular silent disco is back, and this time, we’re kicking it 80’s style. Enjoy food for purchase from Fusian and Busken Bakery, specialty cocktails and docent-led tours. Free admission.

CONCERTS

September 20-21: Richard Strauss’ Alpine Symphony leads us to the summit of experience and music from Cincinnati native Bryce Dessner will take you home. At the Summit: Strauss + Dessner at Music Hall presented by CSO.

September 21: Crash Test Dummies reunite for North American tour to celebrate the 25th anniversary of seminal album God Shuffled His Feet at Memorial Hall.

September 25: Grammy award-winning artist Patty Griffin, one of the most consequential singer-songwriters of her generation, will be performing with Scott Miller at 20th Century Theatre.

September 27: Taft Theatre presents Tommy Emmanuel, an Australian-American guitarist who is highly respected for his unique fingerstyle technique and energetic performances.

September 28 – 29: Join the celebration of Beethoven’s 250th birthday with the CSO and violin phenomenon Anne-Sophie Mutter as they play the composer’s beloved Violin Concerto at Music Hall.

October 2: Memorial Hall presents  Lee Ann Womack who will perform songs from her new album The Lonely, The Lonesome & The Gone –  a breathtaking unique hybrid of country, soul, gospel, and blues.

October 4-6: Marvel at the music in this incredible  journey of America’s Wonders in 3D presented by Cincinnati Pops Orchestra at Music Hall.

October 15: Grammy Award-winning singer-songwriter  Macy Gray brings her soulful R&B sound and funky spirit to Ludlow Garage.

October 18: The Cincinnati Chamber Orchestra and Vocal Arts Ensemble join forces to present three choral works by Vivaldi and Fauré that will showcase the acoustical splendor of the Christ Church Cathedral.

THEATER

September 13 – 29: Mariemont Players presents Is He Dead? a comedy adapted by David Ives.

September 19 – 22: Xavier University presents The Curious Incident of the Dog in the Night-time at Gallagher Student Center Theatre.

September 26 – October 13:  Incline Theater presents Rock of Ages, a five Tony Award-nominated musical homage to the 80’s.

October 11 – November 2: This Halloween season, murder, mayhem, and mutilation abound, as Cincinnati Shakespeare presents Titus Andronicus.

Oct 12 – 13 & 18-20: The Children’s Theatre presents the world-premier musical adaptation Casper, the Friendly Musical at Taft Theatre.

September 2019: The Home Front Real Estate Market Report

Neighborhoods with the best percentage of sales to active listings (only neighborhoods with at least 25 combined actives and solds are included):

  1. MT WASHINGTON //  17 sold with 13 active // 131%
  2. SHARONVILLE  //  14 sold with 14 active //  100%
  3. WESTERN HILLS  //  40 sold with 40 active //  100%

Neighborhoods with the lowest percentage of sales to active listings (only neighborhoods with at least 25 combined actives and solds are included):

  1. EAST END //  2 sold with 24 active // 8%
  2. INDIAN HILL //  6 sold with 58 active // 10%
  3. MT AUBURN //  4 sold with 31 active // 13%
Suburb# Sold# ActiveAvg $ ListAvg $ SaleDays on Mkt.
Amberly Village523568,278281,70041
Anderson80131557,396301,15331
Avondale522224,668357,00023
Bellevue1517423,696223,88010
Blue Ash2361495,398288,65823
Clifton821344,143317,2549
Columbia Tusculum1027574,337325,25825
Covington3481297,547130,35131
Crestview Hills58519,581174,4004
Dayton, KY1023375,643100,58119
Deer Park46182,175145,9003
Deerfield Twp81135563,824358,70930
Dntn/OTR2486356,948288,33476
East End224817,885837,395237
Edgewood1318447,426478,64643
Fort Mitchell1939401,094252,50027
Fort Thomas2141397,916273,36331
Fort Wright717235,547226,82814
Glendale415482,960382,25026
Hyde Park4181697,410347,75732
Indian Hill6581,618,4451,233,83329
Kennedy Heights98155,900171,6076
Kenwood117416,557267,9526
Lakeside Park34281,150291,66719
Lebanon2042278,824218,44012
Liberty Township71151427,537329,17543
Linwood011353,800n/an/a
Loveland2031370,458246,11515
Madeira1652515,729429,64745
Madison Place23188,300164,5001
Madisonville1826276,002168,07020
Maineville07240,514n/an/a
Mariemont1116639,631474,4556
Mason62107544,316314,49716
Miami Township77123463,012273,68430
Milford77197,243258,2869
Montgomery1777680,681393,97132
Mt. Adams538590,503815,793137
Mt. Auburn431373,250287,35070
Mt. Lookout1039594,747498,80025
Mt. Washington1713205,815178,22922
Newport2640270,377317,65149
Newtown46417,450167,6258
Northside1849221,693206,48647
Norwood2842159,164182,85927
Oakley2433336,394314,97718
Park Hills514273,653325,81222
Pierce Township1837420,641212,71540
Pleasant Ridge1326238,319201,78513
Sharonville1414325,279232,00037
Silverton28239,725157,4504
South Lebanon1128375,691238,16542
Sycamore Twshp.1833483,991263,65016
Symmes Twshp.2843502,866381,93341
Terrace Park823700,491577,16328
Villa Hills1320563,715343,73030
Walnut Hills1628510,021280,03125
West Chester92112381,082279,63318
Western Hills4040295,968185,82421
Wyoming1435472,514364,08217

August 2019: The Home Front Real Estate Market Report

Neighborhoods with the best percentage of sales to active listings (only neighborhoods with at least 25 combined actives and solds are included):

  1. SHARONVILLE //  20 sold with 10 active // 200%
  2. MADISONVILLE  //  19 sold with 18 active //  105%
  3. WESTERN HILLS  //  39 sold with 37 active //  105%

Neighborhoods with the lowest percentage of sales to active listings (only neighborhoods with at least 25 combined actives and solds are included):

  1. MT. ADAMS //  4 sold with 39 active // 10%
  2. PIERCE TOWNSHIP //  9 sold with 42 active // 21%
  3. NORTHSIDE //  9 sold with 41 active // 22%
CommunitySoldActiveAvg $ ListAvg $ SaleDays on Mkt.
Amberly Village418658,583514,1259
Anderson93121534,214326,14923
Avondale1025245,624204,25031
Bellevue1217423,752212,90020
Blue Ash2155510,399384,94431
Clifton822335,177241,48837
Columbia Tusculum1031583,061395,20032
Covington3485288,173132,00232
Crestview Hills58515,593246,1509
Dayton, KY623366,03454,16651
Deer Park132167,450160,41519
Deerfield Twp48142578,251395,74530
Dntn/OTR2792349,721308,66943
East End123812,876540,00030
Edgewood1523486,137446,75260
Fort Mitchell614513,778292,05029
Fort Thomas2342408,646307,82945
Fort Wright814228,157225,68713
Glendale3164642,69262,33357
Hyde Park2671687,658602,84639
Indian Hill21621,606,1261,184,56041
Kennedy Heights87167,400140,03616
Kenwood107416,843209,19049
Lakeside Park37228,514476,00062
Lebanon3040279,982250,86713
Liberty Township68147427,432347,26425
Linwood010383,1100153
Loveland1924380,667309,11620
Madeira1941539,271473,56856
Madison Place81199,900184,2384
Madisonville1918231,972182,54129
Maineville01139,0000n/a
Mariemont1313747,569464,685112
Mason64118515,470300,85246
Miami Township74114457,242258,41119
Milford85212,980235,50513
Montgomery2383683,147527,40049
Mt. Adams439697,941490,500121
Mt. Auburn624377,832334,73338
Mt. Lookout1240581,726471,56327
Mt. Washington1921200,474161,87810
Newport1536290,394178,23046
Newtown66541,800152,3384
Northside941217,117168,85120
Norwood3138175,692161,4126
Oakley2135318,183290,38711
Park Hills411276,286201,29925
Pierce Township942408,988196,4675
Pleasant Ridge1417250,518224,30718
Sharonville2010329,660181,19912
Silverton39251,367185,96711
South Lebanon1226431,394322,83827
Sycamore Twshp.1933479,542285,76523
Symmes Twshp.1740508,801445,22942
Terrace Park518683,239397,20016
Villa Hills1821523,976367,98850
Walnut Hills1723537,209261,91539
West Chester113108381,804275,84915
Western Hills3937331,466201,50928
Wyoming2038447,663369,02845

 

Inspiring Spaces: The Appeal of Historic Homes

Like many US cities that experienced rapid growth during the late 1800s through the early part of the 20th century, Cincinnati is rich in historic homes

While the popularity of these older homes had waxed and waned over the years, recently there has been a growing interest among buyers who appreciate the lifestyle of living in a historic home.

What attracts people to historic homes? If you asked several residents of historic homes, you will likely get several different answers: quality craftsmanship, intriguing spaces, artisan details, unique history, and alluring beauty, to name a few. There are also vast differences in the sorts of details, spaces, and craftsmanship found in various architectural styles. For example, ornately carved wood is a hallmark of Victorian homes, but rarely seen in Mid-century modern. Columned front entries are characteristic of homes built in the Federal and Georgian style, but uncommon on Tudor-style homes. However, there is an underlying theme among those who have a passion for historic home living. What they all possess is a strong desire to live in spaces that are inspiring.

What makes a home historic? The answer can be complicated as there are varied interpretations of what makes a house a historic home and there are different governing bodies that have the authority to declare a home historic. Generally the rules set by the National Register of Historic Places are considered to be the gold standard: the house must be associated with a significant historical event, the house is associated with the life or lives of historical figures, the house holds important information about a certain time period, or the house is a fine example of a historical significant architectural movement or style.

There are other factors to be considered. Many cities and towns have neighborhoods or districts that have been deemed historic. In those cases, homes located within that district can be accurately described as historic. To make matters even more confusing, it is quite common to hear “old house” enthusiasts refer to a home as “historic” even when the house has no official designation. While this unofficial classification is more loosely defined, typically it refers to a home of at least 50 years old that still bears most of its original characteristics and features.

Where can historic homes be found in our area? From the outer most suburbs to the heart of the city, you can find homes that meet any or all of the criteria described above. There’s a wide variety of architectural styles reflected in our area’s homes and dozens of neighborhoods where you can find them. Urbanites will want to look in Prospect Hill, Walnut Hills, and East Walnut Hills on the Ohio side of the river; Ludlow, Covington, Newport, Bellevue, and Dayton on the Kentucky side. A little farther out, but still considered “in town” are the communities of Hyde Park, Mt. Lookout, Columbia-Tusculum, Linwood, Norwood, Northside, Clifton, North Avondale, and Paddock Hills. For those who long for a small-town feel, be sure to look in Glendale, Wyoming, Lebanon, Milford, Westwood, and Sayler Park; and Ft. Thomas in Kentucky.

Buying or selling older homes can often require additional knowledge and considerations. Given the large inventory of historic homes in our area, our agents have been successful in helping many clients who have sold and purchased historic homes. They are happy to help you as well.