Dan Dressman, Executive Director of the Home Builders Association of Greater Cincinnati presented an analysis of Cincinati's home building  market to the Women's Council of Realtors this week.  He gave a great update of how business is progressing for local home builders.

First he brought up this year's Homearama at Carmelle in Mason.  Two of the homes from K Homes and High Pointe Custom Homes have already been sold.  Other homes have been built by Drees, Fischer and John Henry Homes.  The average show price is $761,360 and the average square feet is 5,664.  That compares to an average of $1.9 million average price and 7,626 square fert in 2008.  There are 5 homes in the show compared to 10 last year.

He then continued with information about building permits for single family homes. 

 County    # Units     Average Price    Top Selling Area

 

 

Hamilton      237           $322,050             Colerain Township

 Butler          324           $204,844             Liberty Township 

Clermont      220           $182,585            Union Township

Warren         439           $206,595            Hamilton Township

$224,001 average

Dressman also announced that there will be a Citirama, planned for the Northside area, in June.  This reflects expressed desires from the public for urban lifestyles, more walkable commuities, and reduced drive time.