Tuesday I listened to a conference call about 4th Quarter Home Values from Zillow.  Dr. Stan Humphries (Humphries is ”Zillow’s chief Zestimator” according to a post about the conference call on ActiveRain.  The press release refers to Humphries as “Zillow vice president of data and analytics.”)  Humphries ran through a lot of numbers and a lot of slides on the Zillow site…

A Zestimate is a homes value.  Those Zestimates make up a Zindex.

Zillow 4th Quarter Report

“Home Values Continued Decline in Fourth Quarter, Leaving Approximately One in Three New Homeowners With Negative Equity”

If you look at the national map…(on the Zillow site in the report) there are diamonds in various colors  to represent the increase and decrease in value by market (MSA.) The red color is the highest appreciation in value and the darkest blue is the most depreciation in value of homes in the market.

On the national map, Central Ohio (Columbus) is a yellow diamond meaning the value is even, unchanged. A number California and Florida communities have values that have declined, lots of blue, deep, deep blue in California and Florida.  Nationally there are not a lot of red area,  Junction City Colorado, a market in western New York state, a market in Oklahoma. 

Zoom in closer to home in Ohio and you can see Central Ohio cities, Delaware, Dublin, Gahanna, Galena, Powell, Sunbury, Upper Arlington, Westerville, Worthington…

The diamonds are red (good, value up) to Navy (bad value down) on the map. I have tried to replicate that in the list below... my apologies that it makes it hard to read in the yellow range... 

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

Powell + 11.6%
Sunbury + 9.7%

A Reddish Orange ....Tangerine Home Values are Up 4% to 8%

Galena +4.3%
Delaware +5.5%
Westerville +4.9%

The Color of OJ or Squash.... Home Values are Up 1% to 3%

Grove City + 2.3%

Yellow Home Values are Unchanged 

Upper Arlington +.1
Worthington -.2
Gahanna -.8

If you can't read the yellow... Home Values are Unchanged.  Homes in the market are virtually unchanged.

Chartreuse Home Values are Down 1% to 2 %

Columbus -1.2%
Dublin - 1.7 %

Green Home Values are Down 5%-6%

New Albany -4.1%

Aqua Home Values are Down 7 to 9%

No Central Ohio
Turquoise* Home Values are Down 7% to 9%

Reynoldsburg - 7.1%

Blue Home Values are Down 10% to 12%

No Central Ohio

Bluer Home Values are Down 13% to 16%

No Central Ohio

Bluer than Blue Home Values are Down 16-19%

No Central Ohio

The Deepest Darkest Navy Blue - Home Values are Down 20% +

No Central Ohio

If you can't read the yellow... Home Values are Unchanged. 

Zillow's Zindex is the value of all homes in a market... not just those that have sold. 

Maureen McCabe Real Living HER Worthington

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

There were  439  single family home sales closed in Upper Arlington in 2007.  Upper Arlington is a northwest suburb of the City of Columbus.  

Upper Arlington 2007 Single Family Home Sales:

List Prices ranged from $114,900 to $2,100,000.

Closed Sales Prices ranged from  $112,600 to $2,000,000. 

The average closed real estate sales price for single family homes in $369,803

On average, these Upper Arlington homes sold for 95.6 % of their final list price. 

"Days on Market" for the homes that sold in Upper Arlington ranged from 1 to 580 days, with the average being 95* days of market time.

The 2007 Upper Arlington home sales compare to 491 single family homes closed in 2006, with an average closed sales price of $357,558. 

And to  518 single family Upper Arlington homes closed in 2005, with an average closed sales price of $354,193. 

City of Upper Arlington

Upper Arlington Schools

A Video from Real Living HER about life in Upper Arlington. 

* The days on market does not include previous listings, 95 days may not be the true number of days it takes on average to sell an Upper Arlington home. 

Copyright 2008 Discover Columbus and Maureen McCabe

One of the most popular posts on Discover Columbus is about Trash Pick-Up in Columbus. I always have lots of searches end up on that old entry for when the trash day in Hilliard is... so I went to see when trash pick up in the City of Hilliard and other Central Ohio Commuitys is. Usually you can find trash pick up on the community's (city, village or township) website.

Columbus has the most elaborate rotating color coded trash pick up chedule - February 21, 2006 - Color Coded Trash

Dublin trash pick up is Wednesdays

Gahanna trash pick up is Tuesdays


Grandview Heights and Marble Cliffs trash pick up is Mondays

Hilliard ?? can you see it? I can not find when the Hilliard weekly trash pick up is scheduled on their website. I believe neither can others.

Orange Township (the Lewis Center area) trash pick up is Thursdays or Fridays the site says:

"Residents east of South Old State Road, including those on the east side of South Old State Road will be Thursdays.

Residents west of South Old State Road, including those on the west side of South Old State Road will be Fridays."

Powell trash pick up is Tuesdays

Upper Arlington trash pick up varies by address

Westerville trash pick up is on Tuesdays.

Worthington trash pick up is Fridays

The day recyclables are picked up, bulk pick ups and how holidays are handled varies by community so click on the links to find out when to have your trash out...

And if you know when Hilliard trash pick up is...

Copyright 2007 Discover Columbus and Maureen McCabe