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Updated about 6 years ago on . Most recent reply

User Stats

130
Posts
72
Votes
Tae C.
  • Flipper/Rehabber
  • Knoxville, TN
72
Votes |
130
Posts

Northside - Did it just die?

Tae C.
  • Flipper/Rehabber
  • Knoxville, TN
Posted

Hello all,

The subject line may be a bit overdramatized...but maybe not?  Just listed a finished rehab on Apjones last week. It’s not the greatest and nicest ever, but it’s solid and was decently priced. A bit on the higher end, but there were comps to support it. However, since listing it Thursday, we have gotten literally zero showing requests. Not even talking zero offers...I’m saying not even one request for a showing. And according to my agent, a lot of his colleagues are experiencing the same thing.  Just take a look around active listings, and you see a whole lot more price reductions than Pendings. 

So...to all the locals in Cincinnati (I’m out of state) - what the heck is happening?  It’s not like all the reasons that made Northside one of the hottest revitalizing areas over the past year or so has all of a sudden gone away.  If anything, from what I understand, there’s even more development taking place in that area as we speak.  Can anyone provide some more local intel?  My realtor says it’s not just a matter of mid August being traditionally slower (mine is 2br 1.5 ba so not a family demographic anyway), it’s unnaturally slow right now. 

Most Popular Reply

User Stats

208
Posts
157
Votes
Jake Walroth
  • Investor
  • Cincinnati, OH
157
Votes |
208
Posts
Jake Walroth
  • Investor
  • Cincinnati, OH
Replied

@Slocomb Reed not going to lie....being a proud westsider... and growing up in Westwood... it's good to see 25-35 year old friends moving into parts of Westwood. Westwood is the largest neighborhood in Cincinnati by a good margin.... so like you said... it gets written off as C-D class.... but there are tremendous pockets where people are renovating/fix ups.... as you said.... if someone dropped you on Epworth.... you wouldn't know you weren't in Hyde Park. 

Westside Brewery has been busy the few times I've been there-- with foodtrucks.... never thought the westside would see foodtrucks... there's also a few other shops that have popped up.... Nation is opening up their 2nd location in the old firehouse..... lots of good movement..affordable, quiet pockets, not disconnected from downtown/highways like most of the westside. 

Cheers 

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