Powered by RealTown Blogs

Discover Columbus

Jan. 8, 2008 - Columbus Home Seller

Columbus OH 43224 months of inventory based on closed sales through  11-2007

A seller left a comment about her NE side Columbus home on this site on an entry about NW Columbus:

RE: Northwest Columbus - 2007 Home Sales

 

Written by: Bridgett
January 7th, 2008 5:54pm PST

My home has been on the market now for six months with nothing doing on a buyer in site.

____________  Columbus Ohio 43224 - on the market with ______  - if anyone reading is interested or know anyone looking.

It is a wonderful neighborhood right off of Morse Road - no more that five minutes from Easton.

 

I delete all the spam ads left here as comments too...

Nice try Bridgett.  All comments on this site are moderated. I remove all ads left here so  I deleted the comment.  I am sympathetic but I am not going to advertise a competitors listing for them.  Bridgett's  home is in the property search on this site, for any buyer who is looking for this type of home. The property is in the search on all Real Living HER sites.  Bridgett's home is probably on the majority of Central Ohio real estate websites, that's how real estate works. The information on the house is available to buyers looking for that kind of home.  The seller leaving the address as a comment on real estate blogs is NOT going to get the home sold in my humble opinion. 

If anyone is interested in a home in a particular area at a particular price will find the homes on a real estate website, or their real estate agent will email the listing to them... they aren't going to find it in the comments on a website...and rush over to find it based on an address and a brokers name...

What buyers care about a home

The information that anyone looking for a home was missing from Bridgett's  comment anyway. The home is a three bedroom, bi level with a one car garage, according to the multiple listing service (MLS).  Her home is in a neighborhood just south of Morse Rd.  It was built in the early 1970's.   Pricewise... it's between $90,000 and $129,900.  I edited out the price realizing that anyone who really cares which seller is desparate enough to comment spam real estate blogs could find the house via the property search....

Of course buyers are not in sight...

The bad news for Bridgett, it's a buyers market!  Bridgett may be waiting a LOT longer than six months for her  home to sell based on the market.  Spamming a real estate blog with a property address is probably not going to get the home sold any quicker.  The graph at the top shows the estimated time to sell a home in the ZIP code and price range based on recent (only through November 2007) sales.

The scoop on the 43224 ZIP code

There are 102 properties for sale in the 43224 ZIP code priced between $90,000 and $129,900 at the end of November 2007... In the month of November 3 homes  sold (closed) and 6 homes went under contract (Pended)...  That means there is 17 months supply of homes based on the rate of homes going under contract or as much as 34 months based on what actually closed... hopefully the TrendGraphix report for December will look more promising.... for Bridgett's neighborhood.

The table below shows for the past 15 Months what homes in ZIP code 43224 in the price range have done...  how many homes have been available (for sale) how many homes have sold (closed.. seller gets the money) how many homes were under contract (pended, some close some never do... )  


Date 9/06 10/06 11/06 12/06 1/07 2/07 3/07 4/07 5/07 6/07 7/07 8/07 9/07 10/07 11/07
For Sale 142 126 112 105 97 105 109 131 139 137 138 132 128 108 102
Sold 8 13 9 6 7 10 7 8 17 12 15 12 5 7 3
Pended 10 14 8 7 9 7 8 15 16 16 8 13 5 6 6
Months of Inventory based on Closed Sales 17.8 9.7 12.4 17.5 13.9 10.5 15.6 16.4 8.2 11.4 9.2 11.0 25.6 15.4 34.0
Months of Inventory based on Pended Sales 14.2 9.0 14.0 15.0 10.8 15.0 13.6 8.7 8.7 8.6 17.3 10.2 25.6 18.0 17.0
Avg. Active Price 107 107 107 107 107 107 107 107 107 107 108 106 107 107 108
Avg. Sld Price 102 109 109 106 101 106 106 102 107 103 108 109 119 107 115
Avg. Sq. Ft. Price 94 86 78 90 82 89 81 71 83 89 86 88 87 79 99
Sold/List Diff. % 98 99 99 97 97 98 99 98 98 100 97 98 96 102 98
Sold/Orig LP Diff. % 96 94 96 90 93 95 94 94 96 94 95 95 94 91 99
Days on Market 63 96 109 140 77 110 188 93 112 143 73 124 116 96 146
Median Price 101 108 106 107 96 108 105 98 107 106 109 112 125 103 115

A graphic representation of the table shows:

Columbus OH 43224 homes for sale and sold for 15 months ending 11-2007


The light green bars in the graph are homes for sale by month.  The dark green bars are homes sold.  The red line shows the homes that went under contract (pended.) 

Good luck Bridgett

The table and charts are from TrendGraphix.  The statistics are from the Columbus Board of Realtors multiple listing service.  These are single family and condominium properties combined.

Wouldn't it be great if all you need to sell a house was an address? You could post an address and people would rush right over to look at it?  That would be a sellers market...

I am not soliciting Bridgett's listing.   She is under contract with another agent.  I'd welcome her to contact me re: marketing her property when / if she is no longer contractually obligated to another brokerage.  She is welcome to read this blog.  She is welcome to comment on this blog.  I will not approve a comment advertising a property on my site which is not my listing.

Copyright 2008 Discover Columbus and Maureen McCabe

Comments (0) :: Post A Comment! :: Permanent Link
View more entries tagged with: , , , ,

Write a Comment

Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.
 

Discover Columbus is a site about Columbus Ohio. Originally named "Columbus Best Blog," it was never the best blog in Columbus Ohio. It was a blog about the best in Columbus and Central Ohio! Best restaurants, best real estate company, best schools, best neighborhoods..... written by Maureen McCabe a licensed real estate agent with Columbus Ohio's best real estate company, Real Living HER. Discover Columbus is just a site about Central Ohio.

HER Real Living
HER Real Living

Recent Posts

Move Up Home Buyers Tax Credit
Central Ohio - Move Up Buyers Tax Credit
Central Ohio Thanksgiving - 2009
Columbus Halloween Haunts - a poll
Columbus Calendar of Events November 2009


RSS Blog Feed

Categories

About
Blogs
Best Food and Restaurant
Best Wishes!
Central Ohio Schools
Columbus In The News
Columbus Real Estate
Columbus Trivia
Columbusites
Community
Cowtown
Events & Places
Finance
Market Report
Neighborhoods - Best Columbus
Odds and Ends
Ohio
Polls and quizes
Poll Results
Real Estate
Real estate is local
Time and Temperature


Favorite Links

MaureenMcCabe.com
Sign Up Monthly eNewsletter
Apartments in Columbus
Columbus Home Search

Links

Home
View my profile
Archives
Email Me
Blog Manager


Realtown.com/maureen/blog

AddThis Feed Button

Subscribe with Bloglines


Add to Technorati Favorites



Flookie Blog Search
Real Estate Blogs - Blog Top Sites
Directory of Real Estate Blogs





website stats


TOP 10 BLOGGER.jpg