Central Ohio Real Estate Market News

Boom … Boom … Boom Fireworks

July 5, 2009 · 1 Comment

I joined my younger daughter’s family to watch the fireworks in Marysville. We’ve been doing this for several years because the setting is great for comfort and there’s always something going on prior to fireworks. Plus, we’re able to sit fairly close for a great view.

I took my camera (and tripod) this year to capture photos. Hope your enjoy them.

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ 1 CommentCategories: Central Ohio
Tagged:

Happy July 4th!

July 3, 2009 · Leave a Comment

July 4th card

“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. IT must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children’s children what it was once like in the United States where men were free.”

President Reagan

→ Leave a CommentCategories: Commentary

My Smart Phone can’t read my mind.

July 3, 2009 · Leave a Comment

Will smart phones eliminate the use of phone numbers using alpha letters?

Yesterday I was in the process of transferring a number of the domain names I own over to GoDaddy from another hoster, because GoDaddy charges nearly a third of the price to register a domain name. GoDaddy’s phone number on the flyer was 866-GODADDY. Lots of companies have their number set up that way to make it easy to remember. Hey, even 1-800-GOTJUNK uses their phone number as their company name.

phone 002So, with my recently purchased Blackberry, I proceeded to call GoDaddy. Whoops!

Smart phones use a QWERTY keyboard … like a computer. They are primarily a mini-computer that functions as a phone. Notice that the Blackberry has a number pad (the white keys) similar to a computer keyboard.

So I dialed 866 then when I was ready to dial the “G” I realized that it wouldn’t work. There is no way to convert the “G” to the appropriate number. I thought perhaps the smart BB would “know” phone 001what I was trying to do, but when I hit the “G” key, it converted the 866 to “xff”. OK, so xff-godaddy doesn’t work too well.

The regular “old” phones associate 3 alpha letters to a number which is what these companies rely on. So without an old phone for reference, how can I know what numbers I should use to call those companies that use alpha letters for their number?

With more people canceling their land lines, and more people using Blackberries or other smart phones with QWERTY keyboards, I wonder how this will affect the use of these alpha phone numbers.

Hm-m-m-m. Technology once again changes the old ways of doing things.

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Commentary · Technology
Tagged:

Home Showings in Delaware County

July 1, 2009 · Leave a Comment

If your home is for sale, you know how important showings can be to actually selling the home. Usually the more people that view your home, the better opportunity you have to sell. It’s a numbers game.

Not getting showings? Then something is wrong. The photos? The price? The home? The area? Yes, there are fewer buyers than in past years, especially for higher priced homes, but showings are still occurring. Perhaps, you’re wondering how your showings stack up against others.

My broker, and numerous other brokers in the CBR MLS system, subscribe to Centralized Showing Service (CSS) to simplify other agents being able to set up showings. CSS just added a new feature that allows member agents to review the stats for other homes vs our listings. We can sort the data several different ways and it will be useful when evaluating a listing price or potential necessary price reduction.

I thought you might like to see the price ranges of showings that have occurred so far this year for four of the key areas in southern Delaware County: Powell, Lewis Center, Galena and Delaware city. The pie slices equal the percentage distribution of the showings for the given area.

Showings on homes in the Powell area which encompasses the southwest portion of Delaware County.

Powell showings

Click to enlarge chart

Showings on homes in the Lewis Center area which encompasses the southeast portion of Delaware County.

Lewis Ctr showings

Click to enlarge chart

Showings on homes in the Galena area which encompasses the east portion of Delaware County.

Galena showings

Click to enlarge chart

Showings on homes in Delaware city which encompasses the central portion of Delaware County.

Delaware showings

Click to enlarge chart

Showings on homes in all FOUR areas.

While the four above charts show the distribution of showings within each area, the total number of showings for each area differs quite a bit. The chart below shows the relationship of the number of showings for each area. Powell had nearly half (48%) of the showings.

Showings for Powell, Lewis Center, Galena, Delaware Ohio

Click to enlarge chart

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Central Ohio · Delaware County · Delaware Ohio · Galena Ohio · Homes · Homes for sale · Housing stats · Lewis Center Ohio · Powell Ohio
Tagged:

… but the home has a nice lot!

June 30, 2009 · Leave a Comment

Home sellers – head this warning. If the only positive thing that your agent can say about your home is that “it has a nice lot“, then you need to do some upgrading.

At our office meetings we are able to promote new listings. The office manager pulls up the listings on Real Living HER’s web site so we can view the photos while the listing agent discusses the features and details of the home. Sometimes the agent will mention other special notations about the listing without divulging anything of a confidential nature.

Because my office is located in Worthington many of the listings are in Worthington which has mainly old or older homes. A lot of  them haven’t been updated since they were built. “Hey, if it ain’t broken, don’t fix it”. The carpet may be worn. Some have wall paper that was popular eons ago. Appliances may be outdated – remember harvest gold and avocado green. Bathroom tile may be mint green or Pepto Bismol® pink. Basements may be finished with knotty pine paneling.

Because updating such a home is a major task and expense, sellers are often reluctant to want to spend the money to do it before putting it on the market. However, potential buyers feel the same way. They want to buy a home that they can immediately live in. They don’t want to spend thousands of dollars fixing up what someone else didn’t want to bother with.

Is this a good strategy? Generally not. First of all, the price will need to be low enough to reflect the cost of the upgrades, such that when the improvements are made, the resulting cost is AT the current market.

Home Price + Cost of Improvements = Market Price

Buyers often aren’t very knowledgeable about the cost to upgrade and generally will overstate the cost to make the upgrades. For instance, putting new carpet in a room may cost only $2000-$3000. Buyers are apt to estimate it to cost $5000-8000. If they do decide to write a purchase offer, they will use the higher figure when they discount the list price.

Market Price – Cost of Improvements = Maximum price to pay

Some of the homes mentioned in today’s meeting were in need of updating and the sellers were unwilling/unable to make the improvements. This left the agent to explain that the “home needs updating – but, it’s got a GREAT lot”.

If you don’t want your home to be described in this fashion, do at least some of the updates. It can be a well spent $5000-6000 because you’ll likely get it back with a higher price and a quicker sale.

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Advertising · Central Ohio · Fix-ups · Home selling process · Homes · Homes for sale · Internet · Sellers

What does “stable market” mean to you?

June 27, 2009 · Leave a Comment

Given a choice, I would expect most home buyers would say they prefer to buy into a “stable” neighborhood where there’s not a lot of people moving out and in. They want to get to know their neighbors because there is a comfort level in that. They like stability for the kids their children come to know as playmates. Long term neighbors often watch out for each other becoming aware of what’s “normal” and what’s not … acting as an unstructured block watch group.

When I purchased my home, the neighborhood of 368 homes was still being developed. My home was in Phase 2 of ultimately 7 phases. At that early stage, I had no way of knowing whether or not it would be a stable neighborhood.

As it turns out, it is a VERY stable community. After 15 years, 43% of the homes are lived in by the original owners. 42% are lived in by the second owner, but many of those owners have lived in their home for 7-10 years. When it comes time for people to move, it’s quite common for them to express how much they really hate to leave but a new job opportunity or the need for a larger home, requires them to make their decision. That speaks volumes about the friendliness of the community.

I don’t know how the 43% compares to other communities, but it seems like it might be on the high side for 15-year old homes. When I was calculating the data for this analysis, I noticed that there was a substantial variance for the 13 streets. Two of the streets had over 80% original owners! Two other streets had only 20-some % original owners. I’m not sure why the disparity, but I suspect it is due to price. The high turnover streets tend to have lower prices so they may be appealing to first time buyers. The less transient streets have more expensive homes, thus, it’s possible those “move-up” buyers were buying their “last” home before going into a condo.

As for me, I’m one of the 2nd owners who has lived in the home for 12 years. Since The Murph has plenty of playmates, I think I’ll sit tight until I, too, decide a condo is the next step … or not.

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Central Ohio · Delaware County · Homes · Housing stats
Tagged:

It’s a Happy Birthday day …

June 24, 2009 · Leave a Comment

The Murph has reached the old age of 5 years old today. He was born June 24, 2004. In celebration, I gave him a couple bites of a Klondike bar without the chocolate coating. He’s been allowed to take his all-day nap … but he does that most days with or without a birthday.

Here’s a photo I took of him as a baby when he first picked me to live with him. Look at those legs. He’s hardly taller than the woodwork.

BabyMurph, the cutest dachshund

HAPPY BIRTHDAY… my little friend

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Dog Tails
Tagged:

Central Ohio home sales by subdivision for 9 suburbs

June 21, 2009 · Leave a Comment

I just updated the Sales By Subdivision section for home sales between Jan 1 thru June 20. I know quite a few of you have been checking to see if I had done it yet. Sorry I was so delinquent. That’s why I extended the date to June 20 rather than stopping at the end of May.

→ Leave a CommentCategories: Central Ohio · Home prices · Homes · Homes for sale · Housing stats
Tagged: ,

Checking out the digs at Digger & Finch

June 17, 2009 · Leave a Comment

IMG00020

6720 Riverside Dr, Dublin OH

I’ve been organizing a get-together for a LinkedIn group that I set up. We’re getting together after work soon and settled on a “convenient-to-all” location.

Several people had recommended Digger & Finch in Dublin as a good, casual place where there was space for us to chat and share old times, as well as tell each other what we’re doing now. Around 300 people have been made aware of the party, but a lot of those live outside Ohio. I’ve no idea how many local people will show up.

I stopped by tonight to tell the manager of our plans. She was great … especially since I told her it could be 20 or 50 or who knows how many – people that might show up. I’ve heard one guy is considering flying in for the event. There’s to be another party of 50 people there that night as well, plus, a band.

It’ll be a rip-roaring good time!

IMG00021

Digger & Finch patio

Hopefully the weather will be nice so we can gather – spread out – on the patio. She said she would group some of the cocktail tables off to the side for us. 

scan0001She also gave me their appetizer menu to let the group know the selection in advance. Happy hour starts at 3:00 pm with appetizers going for “4 for $4″.

Those Sauerkraut Balls sound interesting.

The interior is decorated as a Scottish pub with the rich dark woods. The name ‘Digger & Finch’ comes from a couple Scotsmen who lived here in the late 1800’s.

IMG00017Even with the Scottish theme, we still must remember that this IS central Ohio. Above the large U-shaped bar is a countdown clock to November 2009. GO BUCKS!

If you visit the restaurant as a result of reading this blog, be sure to tell the manager that Elaine sent you. That, plus $5, will get me one of those Belvedere mixers. ;-)

BTW, I took these photos with my new Blackberry Curve. Not bad for a phone!

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Central Ohio · Dublin Ohio · Franklin County
Tagged: , ,

The more things change … the more they stay the same

June 16, 2009 · Leave a Comment

Have you been following the news regarding the importance that Twitter is taking in getting reports of the events occurring in Iran? People are re-tweeting the reports and photos which due to the exponential nature of Twitter, is spreading the news world wide in real time. The Iranian gov’t has tried their best to silence the news going out of the country, but Internet providers have stepped up to provide proxy servers that allow the news to by-pass the bans.

While a lot of tweets are just casual conversations, Twitter is proving to be a valuable source to quickly spread information to the world. Even the national U.S. media are spreading the tweets. Having the world know exactly what’s going on, seeing the bloody photos of the suppression, will make it tougher for the Iranian officials to not react in some way to the uprisings.

As I was seeing all these tweets hit my TweetDeck news feeds, I couldn’t help but think about what a great thing this instant news is as well as giving so much power to voices of common citizens.

ham radioThen it dawned on me that although we think this is new technology, I recalled that my father used his ham radio in much the same way as I use Twitter. Dad couldn’t post photos, but he could talk in real time to people in other countries while others listened in on the conversation.

Just as I’m sure some spouses get frustrated over the time people spend on Twitter, my Mom used to get tired of Dad spending so much time on his ham radio. Some people say they don’t “get Twitter”. I “didn’t get” Dad’s fascination with his radio either.

I wonder if Dad were still alive, if he would now use Twitter?

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Commentary · Internet · Media · Technology · Television
Tagged: ,

Will Hoover Reservoir be YOUR sanctuary?

June 14, 2009 · Leave a Comment

Central Ohio has two main lakes which are both man-made water reservoirs: Hoover and Alum Creek. For me, Hoover Reservoir is the “quiet one” and Alum Creek is the “bustling one”. Speed boats aren’t permitted on Hoover, so it seems more serene with the sail boats, kayaks, and small fishing boats casually floating by as many birds fly overhead.

On any given nice Saturday or Sunday afternoon, your likely to see bike clubs pedaling their way on the tree-lined roads that circle the lake. Red Bank Rd runs along the east side and Sunbury Rd along the west side. The terrain along the Red Bank side is more rolling and the homes that sit between the road and the lake are often hidden within wooded lots with many have ravines. Homes on the Sunbury Rd side tend to have flat lawns, fewer trees, and more unobstructed views of the lake. They also have more traffic as Sunbury Rd is the primary access to many subdivisions on the west side of the road.

Occasionally, there are luxury homes for sale in this Hoover area. It’s a very desirable location not only because of the views but also because of its easy access to the airport or downtown Columbus (~30 min). People can enjoy spending the day in the city, then come home afterward to their own quiet sanctuary.

Except for the lower southwest side of Hoover Reservoir, the area is serviced by the Big Walnut school district which has a report card rating of Excellent with the Ohio Board of Education. Another advantage to the area are lower tax rates than the neighboring Olentangy school district.

If this area sounds like a place you would like to call home, call me first and I’ll try to help you find the perfect place so you can start enjoying your own personal sanctuary.

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ Leave a CommentCategories: Central Ohio · Delaware County · Galena Ohio · Homes · Homes for sale · Schools · Water fun
Tagged: , ,

So your Realtor® won’t let you buy the house you want …

June 13, 2009 · 4 Comments

As Realtors®, part of our job is to help our clients buy the home they want (assuming the home is within the approved financial means of the client). When we first meet with the home buyer, we talk to them about their basic criteria, their preferred locations, their “need to haves” vs their “want to haves”, and what they absolutely don’t want.

During the physical viewing process, a good agent will listen to the subtle comments a buyer makes as they’re viewing the various homes. Without realizing it, very often the buyer will reveal something about their “feelings” that’s not on the basic list.

I had some relocating buyers a number of years ago where we viewed quite a few homes that met their criteria list, but none of them were “the perfect home”. None had the special set of features that made the buyer want to buy. At the end of the day as we were assessing the homes and making plans for their next trip to the area, the wife said, “I FoyerViewOfBackwant a home that makes me go WOW when I walk in the front door”. Ah-ha! That’s a big clue. That’s what I mean by “feelings”.

So prior to their next visit, I previewed homes that met their basic criteria (on a golf course, 1st flr MBR, under $500K) THEN I looked for the WOW FACTOR. I found it … we viewed the home the following weekend … and they bought it. The view from the front door was of a curved staircase and wall, marble floors, AND a view of the golf course from the special windows in the Great Room.

Now what happens if, as a home buyer, you’re working with an agent that won’t let you buy the home you really want?

I once had a buyer’s agent tell me that although the buyer really liked the home, he wasn’t going to LET her buy it because he thought it was too big for her. SAY WHAT! He told me he had to keep holding her to the initial criteria she gave him and he wasn’t going to allow her change it. He felt she was selecting homes that were larger than what she really needed. In other words, he was deciding what home she should or should not buy based on HIS feelings … not hers.

If I had ever had an agent with that kind of opinion when I was shopping for any of the homes I bought prior to becoming a Realtor®, I would have fired that agent. It’s common for buyers to change or adjust their criteria while they’re viewing homes. It’s a learning process that can and should be allowed to evolve. It’s not uncommon to have a buyer fall in love with a home that met very little of the initial criteria. They fall in love with it because it just “feels” right.

The decision to buy a particular home usually ends up being an emotional one. We choose a home because we can see ourselves living in it. We can imagine where we’ll have our morning coffee, where we’ll relax at the end of the day, how we’ll celebrate holiday dinners, take Sunday afternoon naps, cozy up with a favorite book, etc.

So, pick a home YOU like and don’t let your agent pick one THEY like. This also applies to parents’ opinions … except of course, for my kids … where my opinion does count. :-)

Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

→ 4 CommentsCategories: Buyers · Central Ohio · Golf course communities · Home buying process · Homes · Homes for sale · Realtors®

Murphy responds to doxie-killing cop story

June 11, 2009 · Leave a Comment

The Murph ask to be a Guest Writer for this post.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Mom just told me about a tweet from NBC4 regarding a news story about a Danville VA cop shooting an 11-year old miniature dachshund. The officer was serving a warrant at a neighbor’s home when “Killer” began running toward the officer.

Later, Killer’s owner spoke with the officer who by now was leaning against his patrol car, smoking a cigarette. The officer said “he had to shoot the dog because it was BARKING at him.”

For all the trigger-happy cops out there, here’s an instruction manual on miniature doxies:

  • Dachshunds BARK and we do that very, very well. We have what is called a “sharp” bark. That’s so we can be heard when we’re down in the rabbit hole.
  • Miniature doxies aren’t supposed to weigh more than 11 lbs per the AKC standards. You can kick us away … you don’t have to shoot us.
  • We’re called “ankle biters” for a reason. Have you checked out the length of our legs? At best, we’ll tear a hole in your socks.
  • Our teeth aren’t sharp because we’re supposed to retrieve rabbits without harming the pelt.
  • We try really hard to protect our families and therefore, sound the alert to our loved ones. You, Mr. Cop, were an unknown intruder into the neighborhood. Killer was merely warning his family of potential danger. I do the same thing when the meter reader walks by my back door.
  • Killer was 11-years old. That’s 77 in human years. That’s like the cop that tasered the 72-yr old grandma.

I feel sorry for Killer’s family.

→ Leave a CommentCategories: Commentary · Dog Tails · Media · Television
Tagged:

I need advice from an arborist or entomologist

June 10, 2009 · 2 Comments

This photo is of a Kwansa (sp?) cherry tree. I noticed that one of it’s limbs is bare. Tonight I noticed that the trunk bark is pulled away and there are ¼” holes all along the trunk. I can’t tell if an insect has made the holes or a bird.

This tree isn’t far from my house so I’ve not noticed any birds hanging on the trunk. Other than The Murph, the only critters I’ve seen in the yard are rabbits and a chipmunk. I’m not sure why so much of the bark is pulled away. It only looks like this on the bottom 3-feet of the trunk.

BTW, my yard is fenced and there are no deer. For perspective, that’s The Murph standing behind the tree so as you can tell, the tree isn’t very large.

Can anyone tell me what is attacking this tree?

tree1

→ 2 CommentsCategories: Central Ohio · Delaware County
Tagged: , ,

Delaware County jobless rate is lowest in Ohio

June 8, 2009 · Leave a Comment

The Ohio Dept of Job and Family Services has issued Ohio’s jobless rate for April and Delaware County is the lowest in the State at 6.6%. The State rate is 10.2%.

This isn’t too surprising as the southern portion of the county – where most of the population is – is primarily bedroom communities. The residents live here but work elsewhere. According to the Delaware Area Chamber of Commerce, 60% of the county’s workforce actually work outside the county.

Neighboring counties have more jobs and thus higher jobless rates. Franklin County’s rate is 8.1% and Union County, where Scotts-Miracle Gro Co and Honda are located, is 8.4%.

The bedroom communities located in southern Delaware County are Powell, Lewis Center, Galena, Delaware city and a portion of Dublin (Muirfield). Olentangy is the largest school district in the southern part. Portions of Big Walnut SD, Buckeye Valley SD and Delaware SD are also located in the southern portion of the county.

If you would like to live in this great county, give me a call. I live here too and can help you find a terrific home.

Information source is ThisWeekNews.com.

→ Leave a CommentCategories: Central Ohio · Delaware County · Delaware Ohio · Franklin County · Galena Ohio · Lewis Center Ohio · Powell Ohio · Surveys
Tagged: