It’s the end of the month, the end of the year, so I’ve been doing my usual analysis of home sales around central Ohio. The Columbus metro market had some softening of prices but since our prices didn’t have the huge increases in year’s past – like FL, CA, AZ – our decline has been more modest.
It “seems” that we bottomed out last fall and have begun to see some turnaround. In the past few weeks, many agents have reported being pretty busy in a normal down time. Buyers are buying and sellers are preparing to put their homes on the market.
The following chart shows the total year sales results for key school districts in Delaware and Franklin Counties, sorted hi-lo by average selling price. It also shows the average price/sq ft and the average list-to-sell ratio. The list-to-sell rate is informative as it tells us that sellers are pricing their homes realistically to the current market. It also shows that the higher priced homes will have a higher price per sq ft, simply because they have more upgrades, more amenities which command that higher price.
| School District | # Homes | Sq Ft | Sold Price | $/Sq Ft | SP/LP |
| New Albany | 255 | 3329 | $392,601 | $125 | 94% |
| Olentangy-Powell | 361 | 3311 | $373,186 | $122 | 95% |
| Dublin | 628 | 2854 | $311,875 | $117 | 95% |
| Olentangy-Lewis Ctr | 535 | 2711 | $275,970 | $110 | 96% |
| Big Walnut | 170 | 2282 | $235,705 | $109 | 97% |
| Worthington | 561 | 1967 | $210,169 | $115 | 97% |
| Hilliard | 973 | 2012 | $197,181 | $103 | 97% |
| Westerville | 913 | 2090 | $196,605 | $98 | 96% |
| Buckeye Valley | 134 | 2193 | $195,087 | $91 | 96% |
| Delaware | 357 | 1803 | $142,266 | $83 | 97% |
If 2010 is the year that you plan to make a move, give me a call. Don’t forget, you only have until the end of April to take advantage of the two government Tax Credits!
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