Feb. 13, 2008 - Worthington Home Sales - January 2008

Worthington Area Real Estate Market Report for the 15 Months Ending January 2008.

The graph above is for the Worthington School District, the sales and inventory for the past 15 months through January 2008, for single family and condoominium properties. 

About 23% fewer homes in the Worthington area sold in January 2008 in comparsion to January 2007.  Inventory was only up about 3% higher than last year in the area.  There is 11.8 months of inventory on the market based on January sales (that means it's a buyers market.) January pended (under contract) properties were down over 50% hopefully they just have not been reported to the board.

The average price was virtually unchanged for active listings- $232, 000 to $233,000

The average price was up for sold listing - from $188,000 to $214,000 +14%

The median price was up - from $176,000 to $202,000 +13%

 

Date	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	12/07	1/08
For Sale	446	366	390	415	457	499	539	578	585	558	520	490	439	385	401
Sold	51	58	44	45	65	79	93	93	90	110	61	49	53	39	34
Pended	48	52	49	52	79	83	100	92	103	86	55	54	54	34	22
Months of Inventory based on Closed Sales	8.7	6.3	8.9	9.2	7.0	6.3	5.8	6.2	6.5	5.1	8.5	10.0	8.3	9.9	11.8
Months of Inventory based on Pended Sales	9.3	7.0	8.0	8.0	5.8	6.0	5.4	6.3	5.7	6.5	9.5	9.1	8.1	11.3	18.2
Avg. Active Price	238	243	232	232	237	236	235	232	231	234	244	253	253	252	233
Avg. Sld Price	190	204	188	192	192	222	209	214	225	197	194	185	230	195	214
Avg. Sq. Ft. Price	110	112	110	114	111	121	117	117	122	112	106	113	115	114	113
Sold/List Diff. %	97	96	97	97	96	98	97	98	97	97	96	96	95	97	96
Sold/Orig LP Diff. %	93	93	94	95	94	95	95	95	95	95	93	92	90	94	92
Days on Market	88	106	102	103	107	112	100	80	74	79	91	112	110	117	104
Median Price	156	180	176	178	190	188	193	190	204	180	168	173	209	174	202

 *All reports are published Feb. 2008, based on data available at the end of Jan. 2008. All reports presented are based on data supplied by the Columbus Board of Realtors, Northern Ohio Regional MLS, Centralized Real Estate Information Service, Greater Cincinnati MLS and Dayton Area Board of Realtors or theirs MLSs.  Neither the Association nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Association or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

The homes represented by the graph and the table above include properties in the city of Worthington, the Village of Riverlea, the City of Columbus as well as Sharon and Perry Townships.  The homes are all located in the Worthington School District.  The website for the school district gives the Worthington School District boundaries. 

Ohio Department of Education for information about all Ohio School Districts.

In comparison the homes in the City of Worthington: 

Date	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	12/07	1/08
For Sale	124	98	108	118	136	149	152	160	155	145	150	145	129	111	118
Sold	12	20	10	10	17	26	25	26	29	35	21	13	17	8	12
Pended	13	17	8	19	18	28	22	29	29	32	16	17	14	8	7
Months of Inventory based on Closed Sales	10.3	4.9	10.8	11.8	8.0	5.7	6.1	6.2	5.3	4.1	7.1	11.2	7.6	13.9	9.8
Months of Inventory based on Pended Sales	9.5	5.8	13.5	6.2	7.6	5.3	6.9	5.5	5.3	4.5	9.4	8.5	9.2	13.9	16.9
Avg. Active Price	280	283	270	268	270	272	264	256	259	259	270	279	279	272	257
Avg. Sld Price	225	221	269	278	239	306	268	261	293	239	196	227	290	296	238
Avg. Sq. Ft. Price	133	119	123	144	126	148	142	132	146	126	111	128	133	130	129
Sold/List Diff. %	97	96	95	95	95	98	96	98	97	96	96	96	93	98	97
Sold/Orig LP Diff. %	93	92	92	93	92	96	95	92	92	94	91	92	86	93	93
Days on Market	92	88	85	117	97	116	127	94	60	74	87	63	128	132	94
Median Price	204	191	278	232	220	244	235	226	228	218	175	208	273	257	216

Same disclosure as above applies.

The City of Worthington, a much smaller area, sales were up.  Inventory was up. Prices are down from January 2007, but is such a small sample.   

The homes represented in both tables and in the graph are single family and condominium homes. The graphs and tables are created with TrendGraphix.  Real Living  is the only brokerage with access to TrendGraphix market reports.

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I'd love to hear from you if you have a comment about home sales in Worthington, or the Worthington area. All comments are moderated so you will not see your comment immediately. Thanks.

Copyright 2008 Discover Columbus and Maureen McCabe