Monthly Archives: January 2010

A Final Look at Home Sales by School District for 2009

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.

Year-End Stats by School District
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!

Copyright © 2010. 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.

Hey, Columbus! Ohio’s housing market tops the list!

Check out this list of Best Housing Markets for 2010 from Housing Predictor. The Top 4 growth cities for 2010 are in Ohio. Cleveland leads the list at 10.4%. Columbus is second at 9.4%.

Not surprising since I’ve been hearing many agents talk about how busy they are, both with buyers and sellers wanting to take advantage of the two Tax Credits. With that increased demand, we “should” see prices begin to rise.

Buyers, if you were waiting for the market to bottom out, you may just have missed it. Call me to help you get your home on the market and buy a new one.

Is it too cold to buy a home?

buying a home during the winterWhile viewing prospective homes during the winter certainly isn’t as pleasant as during a balmy Spring day, it can be a great time because more of the home’s flaws can become apparent – just like viewing during a heavy rain.

It’s “darn cold” today! I showed homes over the weekend when it was also “darn cold”. You just have to be prepared for it. Here’s some suggestions:

  • Dress for warmth because if you’re like me, you WILL get chilled.
  • Wear boots that are easy to remove because you should take them off at the front door. Wear warm socks or bring small slippers to put on, especially if you’ll be viewing unoccupied homes.
  • Wearing boots is better than regular shoes because as we continue to get snowfall, there may be unshoveled snow on the drive or sidewalk. You don’t want to risk falling.
  • If the home is occupied, the interior will probably be warm. If it’s not occupied, often sellers minimize the heat settings on the furnace. Generally, the temp will be set in the low 60′s, but I have shown homes with the temp set in the 50′s. That can make the interior rather chilly, so dress warm.
  • If you’ll be viewing unoccupied homes, count on the plumbing having been winterized. That means that there will be no running water available which means no emergency use of the toilets. Just as your Mom used to say, use a restroom before you leave.
  • You may want to have a flashlight available in your car in case the light bulbs in an unoccupied home have burnt out. Agents often keep flashlights in their cars for situations like this, but have your own just in case.
  • Cold weather is a good time to check the effectiveness of the windows or areas where you’ll need to caulk or insulate. I showed a new-build one time where the wind was blowing in from ill-fitting windows. For a $300K plus price, that was unacceptable and an indication of the builder’s quality.
  • When there’s 6-8″ of snow on the ground, there is a tendency for buyers to avoid walking around the outside of the home. If you find you’re interested in the home after viewing the inside, be sure to trudge through the snow to check the outside as well.
  • While you may not be able to see the roof very well, you can look at the gutters for icicles which can indicate a possibility of ice dams from the roof.
  • Sloped drives can present problems. In fairness, remember that once you buy the home, you’ll be driving into the garage rather than getting out of the car on the driveway. The advantage to a sloped drive is that the snow will melt and run down to the street.

If you’ve decided you want to view homes now, give me a call. I’ve got my duck boots, warm gloves, and ScoobyDoo earmuffs ready.

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.

Are You Looking Forward to 2010?

No surprise that many people are looking forward to putting the past decade behind us and getting on with the next one. The past decade has been dubbed the “Decade From Hell“. IMO, it was similar to “The 60′s” in being a game-changer. The main difference is that the changes in the 60′s were far more visible as they were occurring. During the past 10 years, the changes were more subtle and perhaps only apparent when we look in the rear view mirror.

The 60′s
I’ve heard it said that America lost its innocence during the 60′s.

  • We lost President Kennedy, Senator Kennedy and Martin Luther King. Those events shocked us.
  • We were heavily involved in Vietnam and once news photos began showing planes coming home loaded with body bags, people were aghast.
  • We watched evening news with videos of violent anti-war and civil rights protests in the streets.
  • Here in Ohio we saw the National Guard fire upon students at Kent State.
  • The draft was in effect, so we monitored what level we were in to estimate whether our male loved ones were apt to be called up in the next lottery.
  • Gloria Steinem told women that we no longer had to be second-class citizens, so we told spouses to fix their own dinner so we too could have a career.
  • Students in certain upper-graduate curriculum were advised to drop out and get a job because people were having difficulty getting jobs if they were “over-qualified”.

If I were to summarize what I remember most, it was the public display (protests) of people willing to stand up for their beliefs and risk/suffer physical harm as a result. It should be no surprise that those same anti-establishment people were at the Tea Party protests last summer. They may be 40 years older but equally willing to take a stand for their beliefs. The generations since have lacked that passion.

The 00′s

I’m going to go out on a limb here and say that if America lost its innocence in the 60′s, then the last decade is the one where we lost America. America went global thanks to the Internet, Google and Walmart.

  • We’re no longer just “Americans” … we’re “something hyphenated Americans” with the American heritage being secondary. I suspect that many people have never even visited the country they place in primary position.
  • USPS tape made in China
    USPS tape made in China
  • It’s hard to buy a totally Made In The USA product – even from the Big 3 car makers. (check out this tape that I purchased from the post office)
  • Manufacturing, which once was a strength, is now a weakness as high paying jobs went overseas where labor and the cost of doing business is cheap.
  • Other than when our country was formed, it was the first time that we were attacked on American soil – and it happened twice with a failed 3rd attempt.
  • Our economy and financial systems are heavily dependant on the global market, plus, we’re relying on loans from other countries to keep us afloat.
  • A lot of our land, buildings and businesses are foreign-owned rather than American-owned.
  • We have discussions as to whether we should be an English-only society, as our signs, schools, and important papers offer alternative languages.

Unlike the tumultous 60′s, the changes above were quiet changes. Just like our freeway driving, we’ve merged. In the 60′s, we had head-on crashes. Are we more civilized now than in the 60′s … or more tolerant … or less passionate. I’m not sure which it is.

The Twenty-Teens

Actually, I’m looking forward to 2010. I survived the 60′s and I survived the OO’s, so I say BRING IT ON! I once worked for a great General Manager who said, “if it doesn’t move the business forward – don’t do it!” While that is a great time management platitude, it can work in real life, too. If we’re not happy with our real lives, we shouldn’t be afraid to make a change to correct it. Only we can be responsible for our attitudes and only we can control our destiny. Other people can affect us only if we allow them to have that influence.

I hope you have a great 2010!

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.