Columbus, Ohio Real Estate
Central Ohio housing activity strong in the 1st quarter – Residential home sales (4,844) were up 17.6 percent over last year. From the Columbus Board of Realtors:
COMMUNITIES/SCHOOL DISTRICTS (SD)
Beechwold/Clintonville (43214, 43202)
German Village (43206 and GV subdivision)
South-Western CSD (Grove City)
“(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
COMMUNITIES/SCHOOL DISTRICTS (SD)
Beechwold/Clintonville (43214, 43202)
German Village (43206 and GV subdivision)
South-Western CSD (Grove City)
Gorgeous home in New Albany Links. 4 bed 2.5 bath. 2-story foyer makes this home very welcoming. Open kitchen with island, custom tile back splash, and SS appliances. Master suite features a vaulted ceiling and full bath with soaking tub,glass shower, and walk in closet. Sq ft includes the finished basement area which adds approx 350 sqft of living space perfect for a “”man cave,”" or kids play area. Plenty of room on the patio for the BBQ! Must See!!
View the Listing Details. View the 5709 Jersey Drive Flyer.
“2012 home sales, prices flourish – best year since 2007
Central Ohio saw 22,915 single-family and condominium home sales in 2012, up 15.5 percent 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.
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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 sale price for the month of December was $158,898 – a 7.5 percent increase over the same time last year.
The median sale price of a home sold in 2012 was $144,500 – up 8.7 percent from 2011. The median list price of a home sold in December was $136,450, which is 9.2 percent 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.
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According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 93 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 97 percent expect the housing market to be moderate to strong over the next six months. As for home prices, 85 percent expect home prices to remain the same or rise in the next year.” – Columbus Board of Realtors
COMMUNITIES/SCHOOL DISTRICTS (SD)
SOLD | Buyer Representation: 8241 Marwithe Court in New Albany. 5BR/3.5BTH 3508sqft. $355,000.
| Region: | Columbus Board of Realtors (CBS) |
| Location: | PLAIN LOCAL |
| Property Types: | All Residential Prop |
| New Construction: | All Properties |
| SQFT Range: | 0 – No Limit |
| Price Range: | $0 – No Limit |
| Date Range: | Jan. 2011 – Mar. 2012 |
| Bedrooms: | 0 – No Limit |
| Full Baths: | 0 – No Limit |
| Half Baths: | 0 – No Limit |
| Year Built: | 0 – No Limit |
