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Discover Columbus

Blog by Maureen McCabe
Worthington, Ohio
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.

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Discover Columbus

February 2008 Columbus Home Sales
Mar. 20, 2008
Categorized in: Real Estate
Tagged with: central ohio, columbus ohio, homes for sale, sold

An email from the Columbus Board of Realtors to members today, said  “The drop in mortgage interest rates in late January generated immediate housing activity,”

The Board of Realtors emailed the press release to members that they were releasing to the media today.  What a great idea.  I really hate reading it in the newspaper.

The article on the  Columbus Board of Realtors website quotes president Greg Hrabcak:

"It appears many buyers were waiting for the rates to drop as homes contracted for last month were up over the last three months as well as the year before."

Sales (closings) were down but "in contract" listings were up.

Columbus Board of Realtors - Home Sales for February 2008

Central Ohio market reports on Discover Columbus

I'd love to hear from you if you have a comment on the topic. All comments are moderated so you will not see your comment immediately. Thanks. Copyright 2008 Discover Columbus and Maureen McCabe
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Powell Property Values Going UP?
Feb. 28, 2008
Categorized in: Columbus Real Estate
Tagged with: delaware county, homes for sale, powell, sold, zillow

Zillow says the values in Powell went up in the 4th Quarter of 2008.

 

Columbus on Zillow's Zindex

Assuming Zillow is talking the Powell Corporation (City of Powell) not the mailing address Powell 43065... from the 2-15-2008 Discover Columbus entry here...

The Red of this spectrum Home Values are Up 9%+   Hot?

Powell + 11.6%
Sunbury + 9.7%

Remember Zillow measures the values of all homes... not just the homes for sale or sold...and Zillow measures all homes (not just condo and single family)

Powell Home Sales for 15 months....

Date 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 12/07
For Sale 201 189 155 166 166 191 210 212 208 212 210 198 199 182 162
Sold 14 14 10 12 12 20 16 20 30 26 18 19 12 7 15
Pended 16 10 10 19 12 18 21 26 23 27 11 15 20 10 13
Months of Inventory based on Closed Sales 14.4 13.5 15.5 13.8 13.8 9.6 13.1 10.6 6.9 8.2 11.7 10.4 16.6 26.0 10.8
Months of Inventory based on Pended Sales 12.6 18.9 15.5 8.7 13.8 10.6 10.0 8.2 9.0 7.9 19.1 13.2 10.0 18.2 12.5
Avg. Active Price 371 364 377 361 355 372 375 384 380 385 379 379 372 369 376
Avg. Sld Price 305 344 373 392 337 283 341 348 348 305 362 298 415 289 392
Avg. Sq. Ft. Price 118 125 127 125 120 117 130 126 120 120 124 119 139 120 116
Sold/List Diff. % 95 97 97 96 97 97 100 98 97 98 95 97 103 95 96
Sold/Orig LP Diff. % 94 93 94 91 94 96 99 96 95 97 92 94 102 93 92
Days on Market 101 127 84 138 139 179 100 141 140 127 135 170 62 106 154
Median Price 288 325 345 356 309 284 307 329 333 294 350 298 427 308 339
*All reports are published Jan. 2008, based on data available at the end of Dec. 2007.
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.

Confusing.  I hope Zillow's crystal ball is correct and the value of porperties in Powell are increasing.

The Zillow  info came from the Zillow call I listened to a few weeks back.  The statistics in the table are from TrendGraphix.  Real Living HER is the only company in Central Ohio with access to TrendGraphix.  The numbers come from the Columbus Board of Realtors MLS.

I'd love to hear from you if you have a comment on the topic. All comments are moderated so you will not see your comment immediately. Thanks. Copyright 2008 Discover Columbus and Maureen McCabe

 

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Columbus Ohio Home Sales - January 2008
Feb. 28, 2008
Categorized in: Market Report
Tagged with: columbus ohio, columbus public schools, days on market, homes for sale, market report, sold
Columbus Real Estate Market Report for the 15 Months Ending January 2008.

Graph Showing Home Sales and inventory in the Columbus City School District for the 15 months ending January 2008

Does this mean anything?  I am not sure that sales for a school district this huge mean anythiing, but I did Worthington Schools, Dublin Schools, etc.

It's a buyers market!
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 4959 4294 4597 4668 4955 5179 5268 5510 5675 5766 5659 5368 5151 4633 4797
Sold 461 452 389 437 521 568 628 674 642 686 461 510 479 401 338
Pended 473 425 494 475 594 649 713 627 662 597 468 536 445 392 418
Months of Inventory based on Closed Sales 10.8 9.5 11.8 10.7 9.5 9.1 8.4 8.2 8.8 8.4 12.3 10.5 10.8 11.6 14.2
Months of Inventory based on Pended Sales 10.5 10.1 9.3 9.8 8.3 8.0 7.4 8.8 8.6 9.7 12.1 10.0 11.6 11.8 11.5
Avg. Active Price 140 136 138 138 140 141 143 142 140 140 141 140 139 135 135
Avg. Sld Price 114 119 109 112 117 117 124 132 129 126 108 114 108 106 105
Avg. Sq. Ft. Price 83 84 80 83 86 86 90 95 92 92 80 83 79 76 75
Sold/List Diff. % 97 97 96 96 96 97 97 97 97 97 96 96 96 96 96
Sold/Orig LP Diff. % 92 92 92 91 92 94 94 94 94 93 91 91 91 90 89
Days on Market 102 102 109 115 114 107 103 108 93 104 101 100 110 100 113
Median Price 97 100 92 93 95 102 110 114 114 110 90 96 89 88 84
"*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. "


These are  homes in the Columbus School District and includes condominiums and single family homes.

City of Columbus Ohio

Columbus School District

Other Central Ohio School Districts

School Matters - Ohio Public Schools from Standard & Poors

Ohio Department of Education-  Schools

Homes may also be in townships or villages within the Columbus School District.

Search for homes - no sign up required

Sign up for a MyRealLiving Account


I'd love to hear from you if you have a comment on the topic. All comments are moderated so you will not see your comment immediately. Thanks. Copyright 2008 Discover Columbus and Maureen McCabe
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Your Columbus Home - How long will it take to sell?
Nov. 28, 2007
Categorized in: Columbus Real Estate
Tagged with: absorption rate, central ohio, columbus ohio, delaware county, franklin county, homes for sale, inventory

Franklin County Inventory of Homes - Months

How long will it take to sell your Columbus home? It's a buyers market in Central Ohio so it may take awhile depending on how you price your home. "Priced to sell!" sometimes means the home is priced low for the market, or sometimes it means nothing.

Sometimes you hear about absorption rate, how long based on current sales will it take to absorb the inventory of homes on the market.

Franklin County Market Report through October 2007

The graph above is based on closed sales for Franklin County and is showing 11 months worth of inventory. The third line of info in the big table on the Market Report (green bar graph) relates to this graph.

Date 8/06 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
Months of Inventory based on Closed Sales 7.2 9.0 9.7 10.1 9.1 10.9 10.5 9.2 8.9 7.5 7.6 8.1 7.8 11.4 11.0

Delaware County Market Report through October 2007

Delaware county Inventory of homes for the past 15 months

The graph and table for Delaware County show 12.8 months based on the inventory at the end of October.

Date 8/06 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

Months of Inventory based on Closed Sales 8.9 10.5 11.7 11.7 11.9 13.2 11.1 9.8 10.9 9.5 7.5 9.2 9.7 14.6 12.8

Is this accurate? Not really, it does not take into consideration homes that did not sell and homes that were relisted (the Columbus Board of Realtors multiple listing service does not add the archived history back in.)

Of course the time on market will vary greatly by neighborhood... location, location, location...and condition and amenities. And competition.

Market Analysis Request for Central OhioCopyright 2007 Discover Columbus and Maureen McCabe

Find a Central Ohio home in this buyers market

The table and graphs are from TrendGraphix. Real Living HER is the only company in Central Ohio that uses TrendGraphix. The numbers are from the Columbus Board of Realtors multiple listing service.

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