Market Trends: 2/20/2012
Cincinnati Foreclosure / Bank Owned
Market Snapshot
Total Properties Listed:
173
Month-Over-Month Change: -4.42%
Average List Price:
$85,110
Month-Over-Month Change: -2.22%
Median List Price:
$44,900
Month-Over-Month Change: -10.02%
Typical Property
Single-Family Home
3.03 Bedrooms
1.67 Baths
$85,110 Average List Price
/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
N/A
2 Bedrooms:
$38,955
3 Bedrooms:
$65,855
4 Bedrooms:
$122,954
5 Bedrooms:
$167,075
Top 5 Most Viewed Properties
Cincinnati Foreclosure / Bank Owned, OH Real Estate:
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Cincinnati, OH: 15,364 Listings
Cincinnati Foreclosure / Bank Owned Real Estate
About Cincinnati Foreclosure / Bank Owned
Cincinnati foreclosures for sale can provide buyers with up to 50% or more off the price of a new home or investment. Cincinnati, Ohio is one of the top cities in the U.S., but the economic crisis has touched this city as well as many others across the country. This has resulted in a large number of foreclosures. When considering Cincinnati bank owned homes for sale – for investment purposes or for a primary home – location is going to be one of the most important aspects.
There are a number of foreclosures in various areas in this city and they include all types of homes. From suburban homes to condos to homes in the country, the choice is quite diverse. Apartments are often chosen for the income potential. When considering Cincinnati foreclosures for sale, buyers may be at somewhat of disadvantage because the buying process differs from traditional home buying. The homes cannot be inspected prior to purchasing and the condition can range from livable to uninhabitable. However, for those who are willing to put a little work into a home or if the property is purchased for investment purposes, the price and renovation can be low enough to make the purchase worthwhile.
On the other hand, buying Cincinnati bank owned homes for sale may be eligible for financial incentives as well as local or government programs. This can help to make the homes even more affordable. Moreover, Cincinnati is a highly desirable area in which to live. There are many opportunities for career advancement since this is the location of many large companies such as Western & Southern Financial Group, Cincom Systems and The E. W. Scripps Company. There are plenty of recreational activities that residents enjoy. Due to the location, seasonal activities can range from summer fun such as swimming, fishing, hiking, cycling and more to ice skating, sledding, snowboarding and a variety of other winter pastimes.
In addition, there are a number of attractions for residents to enjoy. The Cincinnati Zoo and Botanical Garden, Findlay Market and many festivals and other annual events provide abundant possibilities. In addition, the Cincinnati Public School District has many fine schools for students. Choosing Cincinnati foreclosures for sale can provide an option that provides many advantages.
Cincinnati Foreclosure / Bank Owned Neighborhoods