Apr
22
Columbus OH Housing Market Report – March 2013
Posted by columbusrealestatenews under Market Reports
Housing Activity Strong in the First Quart of ’13
Central Ohio home sales activity showed healthy increases during the first quarter of 2013. Residential home sales (4,844) were up 17.6 percent over the previous year (4,119) and the number of pending sales (3,245) were up 19.3 percent from the first three months of 2013.
Thus far, 2013 has been a flurry of activity from the start of the year. The mild winter weather offered eager buyers an opportunity to get a jump on finding their first – or next home – early in the year.
The median sales price of a home sold in central Ohio in March 2013 was $135,000, up 4.9 percent compared to last year ($128,650). The average sale price of $160,233 during March was also up 4.9 percent from one year ago.
There were 3,484 new homes put on the market last month, up slightly from the 3,458 listings added to the inventory last year during March. There are now almost 9,000 homes for sale in the central Ohio area, up slightly (0.5 percent) from last year, but still the lowest level of inventory since 2002.
We’re getting a lot of interest from current homeowners who’ve been paying attention to what’s been happening with housing recently. Low interest rates, strong demand and improved sale prices make a compelling argument for selling a home in Columbus and Central Ohio right now. Whether homeowners want to move up or out, they should seriously consider the benefits of the current housing market. Depleted inventory levels are forcing buyers to compete for homes in some Columbus and Central Ohio communities and neighborhoods, this is especially true in desirable markets on well maintained homes.
Click here to view the February sortable housing market report by area.
Click here to view the entire central Ohio Local Market Update.
For more information about the central Ohio housing market, visit our Housing Statistics.
To view commercial properties for sale or lease in central Ohio, visit COCIE.org.
To view residential properties for sale, visit BigHill.com.
The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.
The monthly housing reports can be found at www.ColumbusRealtors.com/stats. The reports include breakouts for 18 central Ohio counties and 53 local municipalities and school districts. Buckeye Valley Schools was added to the reports in February 2013.
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington
For more information about the central Ohio housing market, visit http://columbusrealestatenews.featuredblog.com/category/market-reports/.
Mar
22
Columbus OH Housing Market Report – February 2013
Posted by columbusrealestatenews under Market Reports
Prices and Rents Continue to Rise in ’13
Central Ohio home sales for the first two months of 2013 were up 19.6 percent (2,878), compared to last year (2,406). There were 1,452 home sales in February, which is 14.9 percent higher than February of 2012.
We haven’t seen sales increases like this since housing peaked in ’06 and ‘07. We’re looking at a new housing market; one that’s smart and affordable, but also one in which prices are on a steady rise.
New listings added to the market in February totaled 2,880 – 5.9 percent higher than February 2012. The number of homes for sale in central Ohio inched up slightly from last month 8,935 to 9,035. Still, the inventory of homes for sale in central Ohio remains at its lowest point in more than a decade (summer 2002).
The median sales price of a home sold in central Ohio in February was $122,000, up 1.7 percent compared to one year ago ($120,000). The average sale price was $149,887, a slight drop (-0.6 percent) from the same time last year ($150, 757).
The combination of increased sales and low inventory will drive up home prices in the months to come. As we head into the buying season, we’re likely to see see sellers get much more aggressive with their pricing. Bidding wars have become increasingly common on appropriately priced homes which have been well maintained and located in desireable areas.
Rents are also rising due to demand. Although permits have risen, apartment construction slowed to a crawl after the housing boom and is still below historic norms and much of the available rental space was filled with displaced homeowners (those who lost their homes due to short sales, foreclosures and the like and will not be able to secure financing to purchase a new home for 2-5 years) over the last couple years.
Rents grew 3.8% in 2012, up from 2.4% in 2011 and 2.3% in 2010, according to real-estate research service Reis Inc. The firm projects annual increases of 4% to 4.5% through 2016.
Central Ohio REALTORS® agree as 11 percent said rents have increased “significantly” since last year and 56 percent said rents have increased “somewhat” according to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®).
As rents continue to rise, homeownership becomes even more appealing. Not only will you get a solid return on your investment and the tax deduction, you’ll get the security of knowing your ‘housing expense – rent’ won’t go up. See The Tax Benefits of Homeownership
Click here to view the February sortable housing market report by area.
Click here to view the entire central Ohio Local Market Update.
For more information about the central Ohio housing market, visit our Housing Statistics.
To view commercial properties for sale or lease in central Ohio, visit COCIE.org.
To view residential properties for sale, visit BigHill.com.
The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.
The monthly housing reports can be found at www.ColumbusRealtors.com/stats. The reports include breakouts for 18 central Ohio counties and 53 local municipalities and school districts. Buckeye Valley Schools was added to the reports in February 2013.
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington
For more information about the central Ohio housing market, visit http://columbusrealestatenews.featuredblog.com/category/market-reports/.
Feb
21
Columbus OH Housing Market Report – January 2013
Posted by columbusrealestatenews under Market Reports
January home sales highest since 2007
Central Ohio home sales during the first month of 2013 were the highest for January since 2007 just before the housing market began to feel the effects of the economic recession. The 1,374 closings exceeds the previous year by 20.4 percent (1,141) according to the Columbus Board of REATORS®.
Housing activity was up abnormally high during the end of year 2012, so the jump in closings in January comes as no surprise. The fall and winter months are typically the slowest onths for housing however, this was certainly not the case this year.
Home prices hit their lowest levels in several years during the recession but are well on their way back. The average sale price of a home sold in central Ohio in 2012 was $167,459, which is 7.2 percent higher than in 2011.The average sales price ($149,477) jumped 5.1 percent from January of 2011 and the median sales price ($129,000) was up 5.3 percent.
New listings as added to the market in January totaled 2,578, which is down 6.0 percent from last year. The number of homes for sale in central Ohio is down to 8,935 – the lowest since summer of 2002.
We’ve watched inventory in Columbus and Central Ohio dwindle steadily over the last year as demand continued to grow. Homeowners that have been waiting to buy on a move up purchase, or those who attempted to sell their home a few years ago, should seriously consider listing their home. It’s a whole new game out there today and the market has improved drastically.
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 96 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 100 percent expect the housing market to be moderate to strong over the next six months. As for home prices, 91 percent expect home prices to remain the same or rise in the next year.
Click here to view the January sortable housing market report by area.
Click here to view the entire central Ohio Local Market Update.
For more information about the central Ohio housing market, visit our Housing Statistics.
To view commercial properties for sale or lease in central Ohio, visit COCIE.org.
To view residential properties for sale, visit BigHill.com.
The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.
The monthly housing reports can be found at www.ColumbusRealtors.com/stats. The reports include breakouts for 18 central Ohio counties and 52 local municipalities and school districts.
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington
Feb
12
Is the Columbus Real Estate Market a Buyers Market or a Sellers Market?
Posted by columbusrealestatenews under For Buyers, For Sellers, Market Reports
Is the Columbus Real Estate Market a buyers market or a sellers market?
During the housing bubble of the early-to-mid 2000s, the real estate market was considered to be a seller’s market. Property was in high demand and was likely to sell even if it was overpriced or not in the best condition. In many cases, homes would receive multiple offers and the price would be bid up above the seller’s initial asking price. The subsequent housing market crash created a buyer’s market in which sellers had to work much harder to generate interest in their properties. Buyers expected homes to be in excellent condition or priced at a discount and could often secure a purchase agreement for less than the seller’s asking price for the property.
A buyer’s market is one in which there are more sellers and homes for sale than buyers. Since supply is greater than demand, homes will be lower priced, making them more attractive to buyers. In a buyer’s market, sellers may have to accept a lower price than they want to sell their home and may have to resort to staging and incentives. This is the ideal situation for buyers, because they can get a great deal.
In contrast, a seller’s market is one in which there are lots of buyers and relatively few homes for sale, which often leads to multiple offer situations that drive up prices. This means that buyers will have to spend more to get what they want. This is the ideal situation for sellers of well maintained desirable properties, because they get a great price on their homes.
It’s important to remember that even within the same country or the same state, there can be several different markets. So you might run into a situation where you’re both selling your home at an advantage and buying a new home at an advantage, or any combination of the two, depending on where you decide to move to. This is often a factor in people’s relocation decisions.
Buyer’s markets and seller’s markets don’t last forever. It’s hard to predict what the market will do with any accuracy, though, and things change slowly. You might end up waiting months or years for things to change. And when circumstances do change, they may not change in your favor. This is an important factor to consider when you’re deciding when to buy or sell real estate.
A balanced housing market for Columbus and Central Ohio is 6.5 to 7 months.
Nationally there is talk that home sales are up, inventory is scarce and in some markets sellers are receiving multiple offers on their homes. Is this true of homes in the Columbus and Central Ohio Market? Central Ohio currently has an average of 6.3 months of inventory and as such is considered to be a balanced market. There are a number of markets well below this including: Bexley (3.4), Dublin (3.6), Gahanna (3.4), German Village (3.8), Grandview Heights (2.8), New Albany (2.9), Powell (2.9), Upper Arlington (2.2), Westerville (3.5). In markets such as these we are frequently seeing multiple offers on well maintained homes that are appropriately priced.
Depending on where you are searching for a home as a buyer you may find your options are few. Other areas might offer plenty of homes to choose from. Choosing a community and neighborhood is equally important as the home itself.
Homes for sale in the Columbus – Search the Columbus MLS. This link is to the home search on my BHG Real Estate website. You can search all homes currently for sale in central Ohio here.
As a real estate agent with Better Homes and Gardens we specialize in assisting buyers and sellers in Franklin County, Delaware County and Union County
Columbus Board of REALTORS Market Report for January 2013
- Months of homes for sale is 6.3 vs. 8.8 in January 2012
- Homes for sale 6,704 vs. 8,208 in January 2012
The months supply of inventory based on sales is down 28.8% from this time a year ago. Fewer homes for buyers to choose from means less competition and is good news for sellers. The average sales price of a home in Central Ohio was up 10.1% from a year ago while days on market for homes sold was down by 24.6% from a year ago. All good news for sellers!
The good news for buyers, while prices have stabilized and actually begun to recover in most of our local markets, interest rates are currently at all time lows making it more affordable than ever to purchase and own a home! Most buyers simply consider the price of a home, however, more important than the price is the cost of the home. What’s the difference you ask? The interest rate one pays determines the cost of owning a home and a small half of a point increase in interest rates can translate to thousands of dollars in additional interest over the course of a 30 year mortgage. So while it’s a good time for sellers to sell a home, there has never been a better time to buy a home!
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington
Jan
24
Columbus OH Housing Market Report – December 2012
Posted by columbusrealestatenews under Market Reports
2012 home sales, prices flourish – best year since 2007
The Columbus housing market reached an important milestone in 2012. During all four quarters of the year, the median home price rose above 2011 levels. Those four consecutive quarters of year-over-year gains are being driven by less supply, more demand and less downward price pressure brought on by foreclosures and short sales.
In fact, the number of active lender-mediated / distressed properties on the market is down over 50% from peak supply levels in 2010 and down 37.5% in the past year alone according to the 4Q12 Lender-Mediated Properties Report published by the Columbus Board of REALTORS®.
Central Ohio saw 22,915 single-family and condominium home sales in 2012, up 15.5% from the previous year according to the Columbus Board of REATORS®. This marks the highest number of residential home sales since 2007 – the end of the housing boom.
The average sale price of a home sold in central Ohio in 2012 was $167,459, which is 7.2% higher than in 2011. The average sale price for the month of December was $158,898 – a 7.5% increase over the same time last year.
The median sale price of a home sold in 2012 was $144,500 – up 8.7% from 2011. The median list price of a home sold in December was $136,450, which is 9.2% higher than one year ago.
The difference between the average sales price and the median sales price is that the average sales price is the sum of all the prices for all closed sales in a given month, divided by the number of homes sold. The median sales price is a mathematical result that indicates that one half of the group is higher and one half lower. The median price of 101 sold homes would be that price which is lower than 50 of the prices and also higher than 50 of them.
The inventory of homes for sale in central Ohio is at its lowest point in over a decade (9,252) – 18.8 percent less than December 2011.
“Homeowners who are putting off listing their house because we’re not “in season” are missing out on opportunity,” added Pedon. “Buyers are out there – and they’re not waiting for summer to buy.”
“Because the demand exceeds the supply today, both distressed and non-distressed homes are selling more quickly,” adds Pedon. “During the fourth quarter, homes sold in an average of 83 days. Last year, it was taking an average of 101 days to sell a home.”
Click here to view the December sortable housing market report by area.
Click here to view the entire central Ohio Local Market Update.
For more information about the central Ohio housing market, visit our Housing Statistics.
To view commercial properties for sale or lease in central Ohio, visit COCIE.org.
To view residential properties for sale, visit BigHill.com.
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington
Jan
3
McCammon Estates Market Report – Lewis Center, OH – 2013
Posted by columbusrealestatenews under Market Reports
While there were a number of short sales in the community in 2012 homes values in McCammon Estates are on the rise due in part to pent up demand, low interest rates and a decline in the inventory of distressed properties throughout Central Ohio. Days on market for inventory has decreased and on average, the time to sell a home in McCammon Estates is now 29 days. This is good news for local property / real estate values in general.
Looking for real estate in McCammon Estates – Lewis Center, OH? Look below or click to see active homes for sale in McCammon Estates.
| ACTIVE LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| n/a | |||||||
| PENDING LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| 7369 Walker Wood | 3,012 | 4 | 2.1 | 2010 | 101 | $275,000 | $319,900 |
| 3159 Farmers Delight | 2,868 | 4 | 2.1 | 2008 | 25 | $350,000 | $350,000 |
| SOLD LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Final List Price | Sales Price |
| 7397 Walker Wood | 2,491 | 3 | 2.1 | 2011 | 310 | $269,990 | $262,000 |
| 3069 Pleasant Colony | 3,024 | 4 | 2.1 | 2008 | 54 | $299,900 | $285,000 |
| 3289 Wind Dr | 3,402 | 4 | 3.1 | 2005 | 5 | $299,900 | $305,000 |
| 3277 Farmers Delight | 2,872 | 4 | 2.1 | 2008 | 57 | $319,900 | $300,000 |
| 3332 Vinson Dr | 3,673 | 4 | 3.2 | 2006 | 2 | $384,900 | $375,000 |
The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taking in the preparation of and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Safe harbor for forward looking statements; some opinions expressed represent forecasts of economic conditions as they impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis for any financial decision.
Jan
3
Belvedere Market Report – Dublin, OH – 2013
Posted by columbusrealestatenews under Market Reports
Due in part to pent up demand as well as low interest rates and a decline in the inventory of distressed properties throughout Central Ohio, prices in Belvedere have been steadily rising over the past 12 months, this while days on market for inventory has decreased dramatically. On average, the time to sell a home in Belvedere is now just 63 days.
This is good news for sellers as it means that they can expect a rapid transaction for a well maintained, properly priced home. It is also good news for local property / real estate values in general as well as buyers who can rest assure they’re buying into a stable community and that their investment is a sound one!
Looking for real estate in Belvedere – Dublin, OH? Look below or click to see active homes for sale in Belvedere.
| ACTIVE LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| 6298 Belvedere Green | 3,187 | 4 | 4.1 | 2003 | 86 | 390,000 | 390,000 |
| PENDING LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| n/a | |||||||
| SOLD LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Final List Price | Sales Price |
| 6274 Belvedere Green | 3,116 | 4 | 3.1 | 2002 | 197 | 378,900 | 370,000 |
| 8169 Summerhouse Dr | 3,368 | 4 | 2.1 | 2002 | 63 | 414,900 | 395,000 |
| 6265 Ross Bend | 4,583 | 3 | 3.0 | 2001 | 49 | 419,900 | 405,000 |
| 6296 Ross Bend | 3,113 | 4 | 3.1 | 2001 | 24 | 433,900 | 425,000 |
| 6277 Bellow Valley Dr | 3,271 | 4 | 3.0 | 2003 | 72 | 439,000 | 420,000 |
| 8142 Timble Falls Dr | 3,281 | 5 | 4.0 | 2003 | 6 | 445,000 | 445,500 |
| 8114 Summerhouse Dr | 3,650 | 4 | 3.1 | 2004 | 47 | 464,900 | 465,000 |
| 6285 Bellow Valley Dr | 3,533 | 4 | 3.1 | 2001 | 33 | 465,000 | 452,000 |
| 8145 Summerhouse Dr | 3,582 | 4 | 3.1 | 2003 | 141 | 475,000 | 465,000 |
| 8153 Timble Falls Dr | 3,725 | 5 | 3.1 | 2002 | 21 | 489,900 | 475,000 |
| 8055 Alimoore Green | 3,464 | 5 | 4.1 | 2004 | 43 | 495,000 | 485,000 |
The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taking in the preparation of and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Safe harbor for forward looking statements; some opinions expressed represent forecasts of economic conditions as they impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis for any financial decision.
Dec
3
Towne Park Market Report – Gahanna, OH – 2012
Posted by columbusrealestatenews under Market Reports
Due in part to pent up demand as well as low interest rates and a decline in the inventory of distressed properties throughout Central Ohio, prices in Towne Park have been steadily rising over the past 12 months, this while days on market for inventory has decreased dramatically. On average, the time to sell a home in Towne Park is now 43 days for town homes, and 192 days for single family homes.
This is good news for sellers as it means that they can expect a rapid transaction for a well maintained, properly priced home. It is also good news for local property / real estate values in general as well as buyers who can rest assure they are buying into a stable community and that their investment is a sound one!
Looking for real estate in Towne Park – Gahanna, OH? Look below or click to see active town homes / homes for sale in Towne Park.
| ACTIVE LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| TOWN HOMES | |||||||
| 4136 Cambron Dr | 1,751 | 2 | 2.1 | 2007 | 57 | 124,600 | 124,600 |
| 4124 Kinnia Dr | 2,214 | 3 | 2.1 | 2008 | 56 | 169,900 | 169,900 |
| SINGLE FAMILY HOMES | |||||||
| 2665 Oswin Dr | 1,888 | 3 | 2.1 | 2013 | 39 | 177,520 | 189,296 |
| 2734 Rinaldi Dr | 1,888 | 3 | 2.1 | 2013 | 39 | 184,940 | 189,940 |
| 4111 Adalric Dr | 1,776 | 3 | 2.0 | 2012 | 9 | 184,990 | 184,990 |
| 4082 Leontria Ave | 2,608 | 4 | 2.1 | 2009 | 201 | 207,500 | 210,719 |
| 2647 Aeden Dr | 2,679 | 4 | 2.1 | 2012 | 9 | 214,685 | 214,685 |
| 2786 Marcellus Dr | 2,140 | 4 | 2.1 | 2006 | 187 | 218,900 | 221,900 |
| 4123 Adalric Dr | 2,535 | 4 | 2.1 | 2012 | 16 | 223,010 | 228,010 |
| PENDING LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| TOWN HOMES | |||||||
| 2761 Acarie Dr | 2,286 | 3 | 2.1 | 2009 | 16 | 169,900 | 169,900 |
| 2778 Acarie Dr | 2,286 | 3 | 2.1 | 2009 | 3 | 171,900 | 171,900 |
| SINGLE FAMILY HOMES | |||||||
| 3979 Hoffman Valley Dr | 1,939 | 3 | 2.1 | 2006 | 5 | 159,900 | 159,900 |
| 2857 Regaldo Dr | 1,776 | 3 | 2.0 | 2012 | 3 | 174,990 | 174,990 |
| 2648 Oswin Dr | 2,220 | 4 | 2.1 | 2012 | 11 | 199,455 | 204,455 |
| 2858 Marcellus Dr | 2,396 | 3 | 3.2 | 2008 | 11 | 214,900 | 214,900 |
| 2647 Aeden Dr | 2,579 | 4 | 2.1 | 2012 | 41 | 219,685 | 205,990 |
| 2641 Oswin Dr | 2,579 | 4 | 2.1 | 2012 | 19 | 221,990 | 221,990 |
| SOLD LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Final List Price | Sales Price |
| TOWN HOMES | |||||||
| 4135 Claver Dr | 1,750 | 2 | 2.1 | 2007 | 163 | 134,900 | 125,900 |
| 4120 Cambron Dr | 1,744 | 2 | 2.1 | 2007 | 11 | 127,000 | 127,000 |
| 2745 Acarie Dr | 2,296 | 3 | 2.1 | 2009 | 10 | 149,900 | 148,000 |
| 2782 Acarie Dr | 2,226 | 3 | 2.1 | 2009 | 3 | 156,900 | 152,500 |
| 4122 Cambron Dr | 2,286 | 3 | 2.1 | 2007 | 73 | 164,900 | 158,500 |
| 2777 Acarie Dr | 2,218 | 3 | 2.1 | 2008 | 14 | 167,900 | 161,000 |
| 2843 Acarie Dr | 2,218 | 3 | 2.1 | 2006 | 29 | 169,900 | 161,000 |
| SINGLE FAMILY HOMES | |||||||
| 2821 Regaldo Dr | 1,811 | 3 | 2.1 | 2011 | 224 | 167,990 | 167,990 |
| 3924 Ostia Dr | 2,608 | 4 | 3.1 | 2010 | 277 | 179,500 | 180,000 |
| 2845 Regaldo Dr | 1,811 | 3 | 2.1 | 2011 | 261 | 181.990 | 181,990 |
| 2839 Regaldo Dr | 2,535 | 4 | 2.1 | 2011 | 166 | 197,990 | 193,741 |
| 3943 Hoffman Valley Dr | 1,912 | 3 | 2.1 | 2007 | 33 | 215,000 | 200,000 |
The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taking in the preparation of and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Safe harbor for forward looking statements; some opinions expressed represent forecasts of economic conditions as they impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis for any financial decision.
Dec
3
Ballantrae Market Report – Dublin, OH – 2012
Posted by columbusrealestatenews under Luxury Real Estate, Market Reports
Due in part to pent up demand, as well as low interest rates that are fueling the high-end market and luxury home sales, days on market over the past 12 months for inventory has decreased. On average, the time to sell a property is now 76 days for condominiums, 82 days for single family homes, and 22 days for villas / patio homes in Ballantrae – Dublin, OH.
This is good news for sellers as it means that they can expect a rapid transaction for a well maintained, properly priced home. It is also good news for local property / real estate values in general.
Looking for real estate in Ballantrae – Dublin, OH? See below or click to see active homes for sale in Ballantrae.
| ACTIVE LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| CONDOS | |||||||
| 5988 Roundstone Pl | 2,704 | 3 | 3.1 | 2002 | 72 | 339,000 | 339,000 |
| 6898 Foresthaven Loop | 2,445 | 2 | 3.1 | 2006 | 33 | 269,800 | 269,800 |
| 5659 Montridge Ln | 2,085 | 2 | 2.1 | 2011 | 419 | 272,200 | 272,200 |
| 5655 Montridge Ln | 2,085 | 2 | 2.1 | 2011 | 419 | 273,500 | 273,500 |
| SINGLE FAMILY HOMES | |||||||
| 5565 Royal Dublin Dr | 2,949 | 4 | 2.1 | 2003 | 22 | 335,315 | 345,315 |
| 5920 Trafalgar Ln | 2,959 | 4 | 3.1 | 2012 | 102 | 379,990 | 389,990 |
| 5627 Tynecaste Loop | 3,700 | 4 | 3.0 | 2003 | 21 | 399,900 | 399,990 |
| 5887 Winslow Ct | 3,597 | 4 | 2.1 | 2012 | 34 | 399,900 | 419,900 |
| 5953 Vandeleur Pl | 3,371 | 4 | 2.1 | 2005 | 14 | 435,000 | 435,000 |
| 6619 Traquair Pl | 3,559 | 5 | 3.1 | 2004 | 245 | 439,000 | 490,900 |
| 6005 Baronscourt Way | 4,095 | 5 | 4.1 | 2006 | 98 | 479,900 | 479,900 |
| 6676 Ballantrae Pl | 4,400 | 4 | 4.1 | 2005 | 246 | 539,900 | 579,900 |
| 5752 Bonaly Ct | 5,474 | 4 | 4.1 | 2004 | 83 | 569,990 | 575,000 |
| 6714 Swickard Ct | 4,929 | 5 | 3.1 | 2004 | 1 | 615,000 | 615,000 |
| PATIO HOMES | |||||||
| 5766 Crighton Dr | 2,689 | 3 | 2.1 | 2012 | 127 | 424,360 | 424,360 |
| 6574 Tantallon Sq | 2,702 | 3 | 2.1 | 2004 | 56 | 425,000 | 425,000 |
| 6558 Tantallon Sq | 2,799 | 4 | 3.1 | 2002 | 36 | 454,900 | 454,900 |
| PENDING LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Current List Price | Original List Price |
| 6851 Ballantrae Pl | 4,707 | 4 | 4.1 | 2003 | 24 | 529,900 | 529,900 |
| 6587 Baronscourt Loop | 3,500 | 4 | 3.1 | 2006 | 26 | 425,000 | 425,000 |
| 6556 Ballantrae Pl | 3,528 | 4 | 3.1 | 2003 | 268 | 499,700 | 529,900 |
| 6639 Ballantrae Pl | 3,787 | 4 | 2.2 | 2003 | 2 | 318,000 | 318,000 |
| 6599 Carinlough Pl | 3,850 | 4 | 4.1 | 2004 | 82 | 479,900 | 479,900 |
| 6648 Carinough Pl | 2,726 | 3 | 2.1 | 2012 | 189 | 423,900 | 423,900 |
| 5797 Trafalgar Ln | 3,467 | 4 | 3.1 | 2012 | 46 | 469,990 | 489,990 |
| 5813 Glendavon Loop | 4,344 | 4 | 3.1 | 2012 | 138 | 579,990 | 599,990 |
| 6034 Tuswell Dr | 2,624 | 4 | 2.1 | 2000 | 4 | 259,900 | 259,900 |
| 6050 Tuswell Dr | 2,350 | 4 | 2.1 | 2000 | 11 | 262,900 | 262,900 |
| 5618 Montridge Ln | 2,619 | 3 | 2.1 | 2012 | 201 | 323,500 | 323,500 |
| SOLD LISTINGS | Sq Ft | #Beds | #Baths | Year Built | DOM | Final List Price | Sales Price |
| CONDOS | |||||||
| 6889 Foresthaven Loop | 2,900 | 2 | 3.1 | 2006 | 59 | 289,850 | 284,000 |
| 6882 Foresthaven Loop | 3,005 | 2 | 2.2 | 2006 | 20 | 298,600 | 295,000 |
| 5622 Montridge Ln | 2,516 | 2 | 2.1 | 2012 | 37 | 308,475 | 339,888 |
| 2,516 Montridge Ln | 2,516 | 2 | 2.1 | 2012 | 35 | 313,000 | 348,062 |
| 5651 Montridge Ln | 2,633 | 3 | 2.1 | 2011 | 227 | 332,415 | 359,216 |
| SINGLE FAMILY HOMES | |||||||
| 6808 Trafalgar Loop | 3,439 | 5 | 4.0 | 2009 | 20 | 424,900 | 415,000 |
| 6629 Stratern Ct | 4,428 | 4 | 2.2 | 2003 | 131 | 437,900 | 424,000 |
| 6728 Trafalgar Loop | 5,210 | 4 | 4.1 | 2009 | 9 | 439,900 | 439,900 |
| 6843 Balalntrae Pl | 4,689 | 4 | 4.1 | 2003 | 73 | 469,000 | 440,000 |
| 6591 Baronscourt Loop | 4,521 | 4 | 3.1 | 2003 | 12 | 449,900 | 442,000 |
| 6493 Ballantrae Pl | 4,746 | 5 | 4.1 | 2004 | 236 | 499,900 | 470,000 |
| 6501 Ballantrae Pl | 4,898 | 4 | 4.1 | 2003 | 37 | 519,000 | 500,000 |
| 5875 Dunheath Loop | 4,102 | 4 | 4.1 | 2005 | 146 | 587,900 | 560,000 |
| 6895 Ballantrae Pl | 5,149 | 4 | 4.1 | 2004 | 77 | 649,900 | 640,000 |
| PATIO HOMES | |||||||
| 6590 Tantallon Sq | 3,190 | 4 | 3.1 | 2004 | 54 | 439,900 | 420,000 |
| 5823 Crighton Dr | 3,804 | 3 | 2.2 | 2012 | 1 | 524,660 | 524,660 |
| 5706 Ennishannon Pl | 4,492 | 3 | 3.1 | 2006 | 30 | 599,999 | 575,000 |
| 6663 Carinlough Pl | 3,764 | 3 | 2.2 | 2012 | 1 | 619,744 | 604,427 |
The information presented is deemed accurate but not reliable or guaranteed. Reasonable precautions were taking in the preparation of and presentation of this information to ensure accuracy, but the author assumed no liability for any actions taken based on this information. Safe harbor for forward looking statements; some opinions expressed represent forecasts of economic conditions as they impact real estate values. All such information is solely conjecture and should be regarded as opinion only and not serve as the sole basis for any financial decision.
Nov
7
Central Ohio Home Values Continue to Rise as the Number of Distressed Homes Declines
Posted by columbusrealestatenews under For Buyers, For Sellers, Market Reports
Distressed homes on the market continue to decline
The number of distressed single family homes for sale in central Ohio during the third quarter of 2012 is down 39.2 percent and condos for sale are down 51.0 percent from the previous year. At 1,947, the total distressed listings (which means they were bank-owned/REO, HUD, short sale, VA, or foreclosures) are down almost 41 percent over third quarter of 2011 (3,286) according to the 3Q-2012 Lender-Mediated Properties Report provided by the Columbus Board of REALTORS®.
The number of active, lender-mediated properties on the market has been dropping considerably over the last 21 months. With less than 2,000 listings, we’re down 51.0 percent from peak supply levels in 2010.
The share of all new listings that are lender-mediated held steady at 23.6 percent.
Homes listed for $80,000 or below account for 40.6 percent of the distressed inventory on the market today. Single family homes and condos listed between $80,000 and $120,000 make up 20.1 percent of the inventory. And 26.8 percent of the distressed homes for sale are listed for over $120,000.
One in four homes sold in central Ohio during 3Q-2012 were distressed (bank-owned/REO, HUD, short sale, VA, or foreclosures). This is down 8.7 percent from a year ago (3Q-2011) when one of every three homes sold were in a distressed state. In early 2011 when inventory levels were twice what they are today, almost half the sales were distressed!
With fewer distressed properties selling, the traditional segment has regained some of its historically-typical market share, this has enabled not just one, but three consecutive quarters of year-over-year gains in median sales price for the entire market. Home prices were up 10.4 percent to $148,000 – the highest level since mid-2007! The housing recovery continues to gain momentum and distressed property inventories will continue to decline as home values continue to rise.
The 3Q-2012 Lender-Mediated Properties Report also includes inventory, sales and price comparisons for properties in 18 counties and 52 cities & school districts in the central Ohio market.
View the 3Q-2012 Lender-Mediated Properties Report
View previous Lender-Mediated Properties Reports
For more information about the central Ohio housing market, visit our Housing Statistics.
To view commercial properties for sale or lease in central Ohio, visit COCIE.org.
To view residential properties for sale, visit BigHill.com.
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington
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