Celebrate Independence Day with the biggest and best fireworks in the tri-state area along with music, entertainment, food, drinks, and family fun! Wednesday, July 4th from 4:00 – 10:35 pm at Summit Park in Blue Ash.
In 2017, our sales agent, Elizabeth Burk, sold this extraordinary home located on Grandin Rd. According to the Cincinnati MLS, it was the 11th highest residential sale in 2017 for the greater Cincinnati area.
Despite a slight dimming in December, existing-home sales for the 2017 year were at a record not seen in 11 years, according to the National Association of REALTORS® (NAR).
Existing-home sales in December totaled 5.57 million, a 3.6 percent decrease from November, but a 1.1 percent increase from 2016. Inventory decreased 11.4 percent to 1.48 million, 10.3 percent lower than the previous year. Lawrence Yun, chief economist at NAR, attributes these impressive statistics to steady job growth, which sparked new buyers. However, he also made the point that new listings, particularly later in the year, did not keep up with the buyers’ demand. If the number of homes available for purchase had stayed on pace with the number of new buyers, the end of 2018 would have finished on an even stronger note.
Nevertheless, 2017 was an outstanding year for home sales. According to Joseph Kirchner, senior economist for realtor.com, strong employment and millennial buyers were credited for the increase in sales. Like Yun, he acknowledges the lagging supply in December as the main culprit for the dimming sales at year’s end.
The median existing-home price for all types of houses (single-family, condo, co-op and townhome) was $246,800, a 5.8 percent increase from one year prior. The median price for an existing single-family home was $248,100, while the median price for an existing condo was $236,500.
Single-family existing-home sales came in at 4.96 million in December, a 2.6 percent decrease from 5.09 million in November, but a 1.0 percent increase from 4.91 million in 2016. Existing-condo and -co-op sales came in at 610,000, an 11.6 percent decrease from November and a 1.7 percent increase from one year prior.
There are some positive indicators that 2018 could be another fantastic year. Pending home sales were up slightly in December according to the NAR and our country continues to experience job stability and a low unemployment rate. At Robinson Sotheby’s International Realty, we just had our best January since 2011.
Adapted from “Existing-Home Sales: A Dim End to a Bright Year,” by RISMedia Staff
Special Thanks to Automotive Photography by Deremer Studios LLC – 2017 Amelia Island Concours d’Elegance
The Concours d’Elegance in Cincinnati will take place in beautiful Ault Park the weekend of June 8-10. Call for nominations are currently open now through April 1, 2018. If you have a vehicle you would like to enter in this year’s show, click here.
At Robinson Sotheby’s International Realty, we know that June often feels like a long way off this time of year. If you feel you simply cannot wait until June to see an extraordinary display of some of the world’s finest, collectible antique and rare automobiles, the Concours d’Elegance will be held in Amelia Island, Florida from March 9-11. Click here for more information.
One of the most anticipated events at the Amelia Island Concours d’Elegance is their annual auction of stunning automobiles. Our friends at RM Sotheby’s will be holding the auction on March 10 from 11:00 am – 4:00 pm. A preview of the carefully curated roster will be open to the public at the show. You can also preview the selection of automobiles online.
If you’re planning to go:
LOCATION
The Ritz-Carlton
4750 Amelia Island Parkway
Amelia Island, Florida 32034
12th and Vine Streets in Over-the-Rhine, photo courtesy Wholetone
Cincinnati has undergone an amazingly noteworthy transformation during the last several years. The revitalization of downtown’s Fountain Square, the redevelopment of Over-the Rhine, and the expansive new riverfront park are all successes that have put Cincinnati in the national spotlight and garnered well-deserved attention. Therefore, it came as no surprise to us at Robinson Sotheby’s International Real Estate that our hometown earned the top spot on Jetsetter’s list of hip cities. “7 U.S. Cities That Are Hipper Than You Think” author, Siobhan Reid, heralds Cincinnati’s splendid mix of Old World charm and contemporary cultural delights. Read more about it here and see what other cities made the list!
Historic Lebanon, Ohio, with its authentic charm of a bygone era, is a lovely place to visit anytime of the year. During the holiday season, however, downtown is magically transformed into a picturesque Victorian Christmas village with a storybook feel. The whole town appears to be under a wondrous glow from the elaborate decorations and sparkling lights that adorn the streets and merchants’ shops. It’s no wonder that Charles Dickens himself was drawn to this quaint locale during his travels to America.
To make the holidays even more grand, Lebanon will be hosting its annual Horse-Drawn Carriage Parade on Saturday, December 2nd. Hosted by the Lebanon Area Chamber of Commerce, the parade has gained tremendous popularity in recent years. With more than 100 horse-drawn carriages, decorated with sleigh bells and other holiday finery, few events herald the holiday season with greater regality. Early birds line the streets for an afternoon parade that begins at 1:00 pm, while those who attend the evening procession, at 7:00 pm, are treated to a candlelit spectacle.
In addition to the parade, other festivities include gift and food vendors stationed along E. Mulberry Street; shopping in downtown Historic Lebanon with extended business hours for its 80-plus antique and specialty stores; Christmas carolers, carriage rides; visits with Santa and Mrs. Claus; musical entertainment, and train rides to the North Pole on the North Pole Express with LM&M Railroad. This is a free family event that all of us at Robinson Sotheby’s International Realty know you will not want to miss!
Have you seen our recent presence in the Business Courier? Here are a couple of property ad placements.
The ad at left is a promotion of the gorgeous home in Wilder, Kentucky. This 7,000 square feet luxury home is situated on just under 5 acres and backs up to acres and acres of wooded terrain. The Cincinnati skyline is visible and in fact, it’s only minutes to downtown.
The property at right is promoting our listing in Edgecliff Point. This luxury condominium is ideal for entertaining and comes with mesmerizing panoramic views of the Ohio River valley and the Cincinnati skyline.
You may also contact Britt Langman for information on Queens View Lane: 859-308-5401. For information on Edgecliff Point, contact Lee Robinson at 513-842-2222.
The associates here at Robinson Sotheby’s International Realty are pleased to share the news that Lee Robinson was named a “Kentucky Colonel” by the Commonwealth of Kentucky. The commission of Kentucky Colonel is the highest title of honor bestowed by the Governor of Kentucky. Lee was nominated by his good friend, Bill Butler, Chairman and CEO of Corporex Companies LLC. It is entirely appropriate that Bill be the one to nominate Lee as these two fellows are cut from the same cloth.
Bill’s story: From a one-man construction shop, (the W.P. Butler Construction company), Bill built up Corporex into a diversified real estate company with more than $1 billion of real estate assets. Mr. Butler is dedicated to community service and fiduciary responsibility to shareholders. He founded The Butler Foundation and Life Learning Center. Presently, he serves on the Board of Directors for United Way of Greater Cincinnati, Lindner Center of HOPE, Dan Beard Council of the Boy Scouts of America, and The Butler Foundation.
Lee’s story: Lee began his career like the hundreds of others who become real estate agents every year. Unlike many of his fellow agents, Lee threw himself into every aspect of real estate. His intense desire to acquire knowledge is reflected in his subsequent education. Lee has earned the most educational designations of any area real estate agent. He is now one of the most knowledgeable, experienced and productive professionals in the entire State of Ohio.
Lee opened his own brokerage in 1986 and did business as Robinson Realtors until 2010, when Sotheby’s International Realty sought him out to become the local affiliate in Cincinnati and Northern Kentucky.
The Sotheby’s International Realty website FAR outpaces Christie’s and Luxury Portfolio websites in traffic. The Sotheby’s International Realty brand is admirably recognized across the entire globe. Buyers of property in Cincinnati and Northern Kentucky find us more easily through this international feed than OUR competitors! This is why our RobinsonSIR.com website is as popular as it is!
(Source: SimilarWeb, a third party website analytics company.)
