Westerville homes for sale - a market report

505  homes for sale 
112  homes sold in September 2009
4.5 months of inventory based on sales

Average active price $244,000
Average sale price $186,000


30% less homes for sale than a year ago.
38.4% less months of inventory (based on closed Sales) in comparison to September 2008

Westerville homes for sale - neighborhoods

The homes represented in the graph are in neighborhoods in the City of Columbus, City of Westerville, Village of Minerva Park and Blendon and Genoa townships...  or anywhere else that is in the Westerville School District...includes neighborhoods in the Westerville school district with a Gahanna mailing address.

Westerville is the best place to live in Ohio and one of the top cities in the US

Search for Westerville area homes

Previously posted with graphics on Discover Columbus OH

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 2009 Discover Columbus and Maureen McCabe

The Columbus Open House List - Real Living HER - August 16, 2009

"There are 163 Open Houses available" on the Real Living HER Open House List  now...  Click on the link for more details. This number is subjet to change. 

Search for Columbus Ohio Open House List - Real Living HER - Maureen McCabe

• Clintonville homes for sale - Only One Open House this Sunday!
  
• Columbus homes for sale -35  open houses Sunday from $69,900 to $599,000  
• Dublin homes for sale - 10 open houses Sunday priced from $98,800 to $600,000
  
• Gahanna homes for sale -  2 open houses this Sunday, priced from $219,500 to $349,900
• Grandview Heights homes for sale - Only one open house this Sunday!
• Hilliard homes for sale - 15 open houses Sunday priced from $89,900 to $467,500
  
• Lewis Center homes for sale -  NO open houses this Sunday
  
• New Albany homes for sale -   2 open houses this week priced from $350,000 to $979,900
  
• Powell homes for sale -   5 open houses Sunday priced from $229,999 to $549,900
  
• Upper Arlington homes for sale -4 open houses Sunday priced from $137,500 to $359,000
• Westerville homes for sale - 4 open houses Sunday from $219,900 to $375,000
• Worthington homes for sale -  2 open houses Sunday from $237,500 to $299,000

Columbus Ohio Open House Sunday 

If you visit my website ( the open house link above is to my website) each home on the Real Living HER Open House List is "Presented By" Maureen McCabe.  I am not holding all the houses open this week or any week. The same open house list is on each Real Living HER agent's site.

Each listing on the Real Living HER Open House List tells you who the listing agent and office is, or whom is holding the property open if you need that information.

The open house list is NOT archived.  If you look at this post in the future the link will go to the current Real Living HER Open House list.

The image at the top is a Real Living Open House ecard.

Maureen McCabe Real Living HER

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 2009 Discover Columbus and Maureen McCabe

I wrote more extensively on the subject on my ColumbusBestBlog.com

We went, we ate.  We were disappointed.

We will try Las Margaritas again.  A client raves about the Las Margaritas in Dublin.  There's a Las Margaritas in Powell.  We may try that one.  Or we may go back to the Las Margaritas in Westerville, just South of Polaris Parkway.

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