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January home sales highest since 2007

“(Feb. 21, 2013) 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 REALTORS®.

“Housing activity was up abnormally high during the traditionally slower months at the end of the year,” said Chris Pedon, President of the Columbus Board of REALTORS®. “So we’re not surprised to see such a jump in closings last month.”

Home prices hit their lowest 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 dwindle steadily over the last year as demand continued to grow,” added Pedon. “Homeowners that have been waiting to move up, or tried to sell their home a few years ago, should seriously consider listing their home. It’s a whole new game out there today.”

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.” – Columbus Board of Realtors

Franklin County

COMMUNITIES/SCHOOL DISTRICTS (SD)

Beechwold/Clintonville (43214, 43202)

Bexley (Corp.)

Big Walnut LSD

Canal Winchester CSD

Delaware CSD

Downtown Columbus (43215)

Dublin CSD

Gahanna Jefferson CSD

German Village (43206 and GV subdivision)

Grandview Heights (Corp.)

Granville EVSD

Hilliard CSD

New Albany Plain LSD

Olentangy LSD

Pickerington LSD

South-Western CSD (Grove City)

Upper Arlington CSD

Westerville CSD

Worthington CSD

 

 

SOLD – 500 Reinhard Avenue in Merion Village

SOLD AT 97% of ORIGINAL LIST PRICE AT $180,000.

2 Story 2BR/ 1.5 Bath Home in Merion Village. Everything you would want in a home. Immaculate, move in condition. Nice full bath, 1st flr half bath, updated kitchen, newer windows, refinished hardwood floors, big bedrooms, custom built ins and lots of closet space. Large private fenced landscaped backyard with new 3 car garage.