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April 2019

 

Whether you are looking to buy or sell, we can offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact us and allow TeamMenke to help guide you through that process!

Heidi Menke & Ann Halder
TEAMMENKE
teammenke@bhhspro.com   

Heidi 937-266-3550 or Ann 937-231-3600
http://www.TeamMenke.com

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Dayton area home sales for february 2019

Tight Inventory continues in the Miami Valley

Sales of single-family and condominium units reported by Dayton REALTORS® in February saw gains in both sales and prices. 915 sales were reported to the Multiple Listing Service in February, a 3.74 percent increase over the 882 single-family and condominium sales reported in February 2018.

February’s average sales price totaled $160,308, exceeding last year’s monthly figure by four percent. Meanwhile, the median price also saw an increase, up over six percent from last year to $138,000.

The sales in February produced a cumulative sales volume of $146.6 million, a jump of eight percent from last year.

February’s showing also improved the year-to-date sales numbers. The January-February average sales price was up two percent from last year to $152,819, while the median price increased to $129,950. The cumulative sales price leaped ahead by six percent to $276.6 million while the number of sales saw a 4.5 percent increase to 1,810.

Tight inventory continued in the Dayton area as listings submitted in the month of February decreased over seven percent to 1,340 entries. For the January-February period, 2,581 listings were entered, down 4.5 percent from last year’s 2,705 listings.

The overall active MLS single-family and condominium inventory of available listings at the end of February stood at 3,212 and represented a 3.5 month supply of listings based on February’s resale rate.

HOMESELLERS’ ADVICE

Make Your Small Home Inviting

There’s something to be said for a compact home – it’s efficient, easier to clean, less expensive to heat and cool and requires less stuff to fill it. If you’re buying your first home, or you’re downsizing from a larger home, you may feel the squeeze of small spaces at first but follow these tips and you’ll soon appreciate that less can really be more.

Go for quality. You can buy a smaller home in a better neighborhood that’s closer to the jobs, schools, and amenities you need. That’s much better than enduring a long commute to have more space. Instead, choose fine furniture and accessories that make a statement about who you are.

Minimize clutter. Nothing makes a space feel cramped like overcrowding. Too much furniture, too much clutter, and not enough storage can reduce your comfort. If your home doesn’t flow well, it’s time to declutter.

Be clever. Decorating a small space can be a lot of fun if you think in terms of furniture doing double duty. Ottomans can triple up as a footrest, coffee table or extra seating. Nesting tables can provide extra tabletop space when needed and store compactly.

Let the light in. Bright spaces look larger than dark spaces. Light cheerful colors on walls and in your décor can expand any room. Reduce the need for bulky lamps and tables by installing sconces and recessed lighting.

The trick is having what you want but recognizing that there’s no need for extras or excess.

HOME IMPROVEMENT ADVICE

Updating Your Home’s Wiring

Older homes tend to have inadequate wiring for today’s multiple electronic needs. An updated electrical system can protect your family and home now, reduce your property hazard insurance premiums, and provide a “surge” of interest to future homebuyers.

If your lights dim when you plug in an appliance, lights flicker for no reason, lightbulbs burn out too quickly, or if you’re loading up outlets with power strips, it’s time to call a licensed electrician. According to the Electrical Safety Foundation International (ESFI), faulty or frayed cords can spark a fire within seconds and multiple power strips at full capacity among the top reasons for house fires.

The problem could be loose wiring, worn-out or loose connections that cause arcing and crackling sounds, or you’re using too much voltage for the wiring capacity. Start with the electrical outlets. If they’re two-pronged, you can’t plug in any devices that require grounding in the outlet, such as your computer or flat screen TV.

Updating your fuse box to a 200-amp circuit breaker will provide you with more power and fault circuit interrupters that can protect against fires and shocks (AFCI) and water damage (GFCI.)  HomeAdvisor.com suggests that a circuit panel offers easy care, no fuse replacements and a better foundation for modern appliance use. Fire codes require that electrical panels are located outside the home, so plan on moving yours may if you upgrade your electricity.

A licensed electrician can make sure all your wiring and electrical devices are functioning properly.

 
 
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