Sunday, April 20, 2003

Oakley


Area's fastest home sales

By Jeff McKinney
The Cincinnati Enquirer

Sold in 38 days: Tied for area's fastestRookwood Pavilion, one of Greater Cincinnati's trendiest shopping spots, is within walking distance or an easy drive. Two of the region's largest and most beautiful green spaces, Ault Park and Alms Park, are nearby. Oakley Park Recreational Center offers tennis, swimming and play and picnic areas.

All of which have helped make Oakley a housing hit, especially with young professionals and families.

The neighborhood is so popular that it topped the list for fast home sales last year. More affordable than surrounding Hyde Park or Mount Lookout, Oakley saw its houses sell in an average 38 days.

Homes in only one other community in the region - Delhi Township - sold as quickly.

Older homes are the norm in Oakley, ranging from 70-year-old houses with German architecture to houses built more than a century ago. Many houses have high ceilings, large windows and original hardwood floors - features that attract homeowners charmed by history and building character.

Even the main drag boasts a bit of history: Four-lane Madison Road once was called the Madison Turnpike when it was a popular route for wagon drivers in the 1800s.

The likelihood of a strong resale value and the community's potential as a growing area for new businesses prompted Jim Price to buy a $145,000 home in Oakley in October. Single and tired of renting, Price also was pleased to pay less than $150,000 on his first home.

Many of his friends live in Oakley, too.

"My main goal is to eventually sell and make some money on it," says Price, 26, an advertising buyer.




OHIO-KY. HOUSING MARKET
Average home prices rose in most neighborhoods
See how home prices in your neighborhood fared:
OhioNorthern Ky.Top 10 lists of real estate transactions
A close look at what's driving sales in popular areas:
Blue Ash: 8.4% price drop a numbers game
Florence: Most sales in N.Ky.
Harrison: New homes, old appeal
Madeira: Biggest price increase
Mason: Region's most home sales
Oakley: Area's fastest home sales

OTHER LOCAL BUSINESS NEWS
Former outlet shifts focus to the home
Beware extended warranty hard sell
Business Meetings This Week
Commercial Real Estate Projects & Transfers
Bankruptcies

SMALL-BUSINESS ENTERPRISE
Coach helps businesses stay focused
Tristate Business Notebook
Take time to tidy up finances

NATIONAL BUSINESS NEWS
Many wary of pilots with guns
Starbucks taking its lumps as a U.S. icon

SATURDAY'S BUSINESS HEADLINES
Fare war makes Indy, Dayton hot spots
AK Steel bid now second-best
DHL sees benefits in Airborne buy
DHL deal faces regulation maze
Stores need strong Easter
Tristate Summary
Patent applicants wait in long line
American Airlines dumps executive bonuses