Central Ohio Real Estate Market News

Entries categorized as ‘Columbus Ohio’

Enjoy your Memorial Day holiday … I plan to

May 23, 2009 · Leave a Comment

Have you made your holiday weekend plans? Or are you staying flexible so you can enjoy last minute fun?

I’m hoping to work in my yard. Haven’t had the chance to do that this year. Every time I’ve thought I’d take a few hours off to do it, I get a phone call that changed my plans. I’ve bought the weed killer and the lawn fertilizer. I have a few annuals to put in, complete with the special soil mix to hold the water.

I may have to dig up some ornamental grasses that didn’t make it through this past harsh winter. Others really need to be divided, but I tried that last year and wasn’t strong enough to get the shovel through the base. Thankfully, I don’t have to mow lawn anymore. That’s my one splurge … I hire it done. It takes them a matter of minutes to do what it took me a good hour and half to do.

Many people may be planning to save money by staying close to home. If you’re looking for some suggestions perhaps some of these previous posts will give you some ideas.

Columbus Zoo and Zoombezi Bay (Powell OH). It’s not free but it’s local and fun for the whole family. My family went there for Mother’s Day and had a great time.

Highbanks Metro Park (Lewis Center OH) is a great place to hike the trails or gather for a family picnic. Stroll through the woods or meander along the Olentangy River. There’s one trail that dogs can walk on, but they can be at the picnic places. Keep them on a leash and of course, pick up the doo-doo.

Alum Creek Reservoir (Lewis Center OH) has something for everyone. There’s a beach, picnic areas, boat launches, camping areas and a dog park with its own beach. 

If you just want to relax along water, southern Delaware County has four such waterways: Hoover Reservoir, Alum Creek Reservoir, the Olentangy River, and the Scioto River.

If golfing is more your thing, there are LOTS of opportunities.

If you’re short on time or have only an hour or two, you can visit Hayden Run Falls where you can walk through a wooded area to see the falls, or get a unique view of the Scioto River. You’ll forget that you’re in the heart of a busy city.

If you need a reminder of why we have this 3-day weekend, be sure to read Missy Caulk’s blog post. She has included many great quotes from past politicians when patriotism was perhaps a little more prevalent than it is now. Plus, she honors her son who is now serving in the Navy.

Whatever you decide to do, I hope you take some time to recharge your batteries, get re-acquainted with your family, enjoy a little nature, and just RELAX. Oh, and I’ll be the one with the sore muscles come Tuesday.

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.

Categories: Ballantrae · Brookside Village · Central Ohio · Columbus Ohio · Delaware County · Dublin Ohio · Franklin County · Galena Ohio · Golf Village, Kinsale · Golf course communities · Lewis Center Ohio · Muirfield · Powell Ohio · Scioto Reserve · Water fun · Wedgewood · Worthington Hills · Worthington Ohio
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Mother’s Day at the Columbus Zoo in Powell

May 10, 2009 · Leave a Comment

I spent Mother’s Day with half my family at the Columbus Zoo which is located in Powell (map). I hadn’t been to the zoo in eons, so I really enjoyed it since it has undergone so many improvements over the years.

We were hoping to see the new baby elephant but that line was over an hour long. Instead we had a Pizza for the Pachyderms lunch. During the lunch, they showed a video of Phoebe (the new mom) illustrating what a good mom she is by showing how she trains her babies to be elephants. After the lunch, there were door prizes. I happened to win 4 general admission tickets, so I think I’ll give them away at an open house.

If you plan to go to the zoo or Zoombezi Bay, you can go to their web site and get some discounted tickets.

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.

Categories: Central Ohio · Columbus Ohio · Delaware County · Franklin County · Powell Ohio
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An ear to the ground for central Ohio real estate

February 25, 2009 · Leave a Comment

talkingI’m the chair for the CBR’s Tech User Committee. At the start of yesterday’s meeting, I ask the 40-some agents in attendance if their business was thumbs-up, thumbs-down, or were they working with “fence-sitters”. Probably a good half of them indicated a “THUMBS-UP”. They’re busy! A few others said they were working with the fence-sitters. Almost all agents felt that March was going to be a busy month … when the weather is less nasty.

Last night I received an email from the CBR President, giving January statistics for the entire MLS system.

  • 266 fewer homes were sold Jan 2009 vs Jan 2008. The Pres attributed it to the weather and the economy. (remember how bad/cold the weather was in December!)
  • More than 1,000 homes went into contract during Jan 2009, an indication that sales may be increasing due to the the 1st Time Homebuyer Tax Credit.
  • In January, there were 17.4% fewer homes for sale than in Jan 2008. That means a major reduction to inventory which is needed to create balance to supply-demand.
  • The average price of homes sold in Jan was $137,446. This could be due to sales of homes in trouble financially.

Busy Realtors® … low inventory … low interest rates … appealing 1st Time Homebuyer program … flat prices … ALL POSITIVE SIGNS!

I’ve written before how the media tends to put negative spins on stories because people are more apt to read those stories. When they do this, they are really doing a disservice to the industry or people they’re covering. Here’s how a local NBC reporter wrote up the above information. There are so many other headlines she could have chosen that would have better helped the local market of which she represents. And, this is from a station that is currently running a promo of “Where Accuracy Matters”.

We need the media to step up to the plate to help the nation OUT of some of the problems, not continue to propel us downward! OK, I’ll step off my soapbox now.

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.

Categories: Buyers · Central Ohio · Columbus Ohio · Franklin County · Home buying process · Homes · Homes for sale · Housing stats · Media · Realtors® · Sellers · Television
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Our country is going to the dogs!

February 22, 2009 · 2 Comments

Fooled you … this is NOT a political rant! This is just a light-hearted fun post. I decided we could use that on a Sunday morning.

A recent Forbes article discusses America’s love affair with pets, specifically dogs. According to the American Kennel Club, the Top 10 breeds are: Yorkie, German Shepherd, Golden, Beagle, Boxer, DACHSHUND, Bulldog, Poodle, and Shih Tzu.

The Murph is pleased to have made the list.

The Forbes article also includes a photo tour of the Top 10 breeds by city. For Columbus, OH the Top 10 are: Labrador Retriever, German Shepherd, Yorkie, Boxer, Golden, Poodle, Bulldog, Miniature Schnauzer, DACHSHUND, and Doberman.

As a Dobie lover … I’ve had 3 … I’m glad to see they made the list as well. They made it to the Top 10 in only a few cities, but Doxies made it to the list for most cities.

“The list reflects the times,” says Sarah Wilson, expert for PBS’s Why We Love Cats and Dogs. “These dogs are friendly and happy and love to lie on their owner’s lap. People want a dog that is a companion and that they can cuddle with.”

Anyone who is owned by a dog, knows that special feeling of being greeted at the door by an energetic tail-wagger when we come home from a hard day. They reduce our blood pressure and make us feel really special. Their exuberance is reflected in their whole body … then they go take a nap.

The article went on to say that even in the current economy, spending on pet supplies and OTC medicines is projected to have increased 5.1% last year to $10.3 billion.

Maybe I should tell my daughter – who works for a stock brokerage firm – to move my IRA to the pet industry. Perhaps, I could get back some of the money I’ve lost.

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.

Categories: Central Ohio · Columbus Ohio · Dog Tails · Franklin County · Media · Surveys
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Did we have fun today???

January 14, 2009 · Leave a Comment

I was to attend an MLS Committee meeting at the Columbus Board this afternoon. I said “was” because it took me 50 minutes to drive from my home south of Delaware to Worthington – 12 miles and normally a 20 minute trip. My Real Living office is located in Worthington, so I make this trip often. There are lots of stop lights along the way, and everytime they add another light, it adds another 5 minutes to the trek.

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This truck nearly wiped me out. He ventured too far to the right and the trailer wheels started to slide in the snow pile between the lanes. It’s a little disconcerting to look to the side and see this behemoth wriggling toward you.

Most drivers were being very careful and allowing ample time for braking. The problem – in Delaware County at least – was the layer of ice under the snow. When the snow plows scrape off the snow, the ice is left and according to the TV, the temps are too cold for the road salt to work at melting the ice.

Since the WEENR-mobile has 4WD, I’d prefer they would leave the snow as I can trudge through that stuff just fine. I don’t do ice … had a bad, bad accident on ice many years ago, so I don’t like driving on it.

jan-14-snow-c

By the time I finally made it to 270 – which was at a crawl – I said fuggeddaboutit!. I didn’t feel like driving another 15 miles to get to the Board, which is located near Port Columbus. So I turned around to return home.

I think there’s around 4-5″ at my home so far. It’s supposed to stop tonight, then the winds will pick up causing drifting with near zero temps. More snow is forecast for Sat and Sun.

Yesterday, I shoveled snow at a vacant listing and spread IceMelt. Sounds like I’ll need to repeat that this weekend. That’s one of the “glamorous” things we do as Realtors®.

Can I just hibernate for the rest of the winter?

nice neighbors in Stratford Woods, Delaware Ohio

EDITED: I live in a great neighborhood. It’s one of those close knit communities where people watch out for others even though there are nearly 400 homes. Late this afternoon I heard a commotion outside and saw this father and daughter cleaning my sidewalk and drive. They did other homes as well. For those of us “a little older” or without snowblowers, this is appreciated so much!!!!

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.

Categories: Columbus Ohio · Delaware County · Delaware Ohio · Franklin County · Real Living HER · Realtors® · Transportation · Worthington Ohio

It’s good to be home!

January 9, 2009 · Leave a Comment

After a day and a half away, I feel as though I’ve rejoined civilization. I was attending the Columbus Board of Realtors® Leadership Retreat which was held near Newark at the Cherry Valley Lodge. While the facilities were nice there was NO – or very limited – Verizon service there. I could only get up to one bar on my phone and my laptop’s aircard wouldn’t work at all. I was able with the one bar on the phone to check email, but couldn’t do Internet.

Can you hear me now? Uh-h-h, NO!

The meeting consisted of the Officers of the Board plus the Chairs of the 30 committees – about 70 people in total. Each of the Chairs reported on the goals of their committee for 2009. The committees are varied and address the many areas of the real estate business … residential agents, commercial agents, programs with builders, programs that assist and/or benefit the public. 

I’m the Chair of the Tech Users Committee which is a forum committee for agents to explore and discuss new technology that benefits us in our daily lives. Much of our discussion is about the Internet, web sites, blogs, and other forms of social media to use in marketing homes. But we also share new findings on cameras, smart phones and laptops which are critical to our daily lives. Over the years that I’ve been a member of this committee, the membership has grown substantially because this is such an important aspect of our jobs today. Our highest attended meeting is when Joe Testa, Franklin County Auditor, brings us up-to-date on recent changes to his web site as well as changes made to property assessments.

In today’s session at the Retreat, we had an outside speaker, Ann T. Gallagher, who spoke on the demographic trends of the various age groups known as Veterans, Boomers, Gen X’ers and Gen Y’ers. It was very interesting, giving us even more info for communicating with each group.

The Board serves around 6900 members, of which some are affiliates (builders, lenders, inspectors, appraisers, etc) but of course, most are Realtors®.

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
href=”http://www.reesespiecesofrealestate.com/”>www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Categories: Central Ohio · Columbus Ohio · Franklin County · Realtors® · Technology
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Are You Friggin’ Kidding Me!!!!!

January 1, 2009 · 4 Comments

Sorry for my language but this is ridiculous! Thanks to a client’s tweet (on Twitter), he alerted me to this Reuter’s article posted yesterday. I can’t believe it!

A lawmaker, Frank Nicastro, in Connecticut wants their state government to rescue a couple local papers who are scheduled to be shutdown because their publisher, Journal Register, is being crushed by millions of dollars of debt.

Those newspapers aren’t the only ones in trouble but the demise of newspapers has been coming for years. It’s not just a 2008 issue. The Internet has put newspapers on the “endangered species” list … that and their exorbitant advertising costs.

Saying they need to be “saved” with a bailout is the same as saying that Smith-Corona typewriters should have been saved because they were replaced by computers.

The real estate industry has been moving away from newspapers for years! That’s not where buyers search for homes. Buyers use the Internet because it’s easier, there’s far more info on the home, and the photography … well the crappy off-register photos in the paper are just no match for the Internet. It’s just not the way to get a home sold anymore and having the real estate industry pull their advertising dollars out has had a significant impact on newspapers.

Real Living HER stopped running their large open house list in The Dispatch early in the decade. That open house list is now available on the RL web site. It’s so much easier for buyers to search for a given suburb or a specific price range on this web site. I frequently have open house guests carrying a print-out of the homes they plan to visit during the afternoon – printed from the RL list.

I went to Sat-Sun delivery of The Dispatch several years ago. This past year, I even dropped the weekend delivery. I didn’t like wasting trees. Way back in the early 80’s, The Dispatch was an afternoon paper. The news was pretty current with whatever happened earlier in the day, plus, I enjoyed reading after dinner when I had the time. Then they bought out the failed Citizen-Journal, which was a morning paper. Soon after the purchase, The Dispatch changed to a morning paper which I questioned because after all the CJ morning paper had already failed. So not only was the news old by the time it was delivered, but I didn’t have time in the morning to read it before leaving for work. By the evening when I did have time, it was really old news.

Then came the Internet and life hasn’t been the same since.

“Former Miami Herald Editor Tom Fiedler said that a democracy has an obligation to help preserve a free press.”

We DO have a “free press”. It’s called the Internet and all Americans are free to publish … just as I’m doing here. It’s a far more democratic and open system than restricting the news to what few biased editors decide we SHOULD read.

Copyright © 2008. 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.

Categories: Advertising · Central Ohio · Columbus Ohio · Commentary · Franklin County · Homes · Homes for sale · Internet · Media · Newspaper · Real Living HER · Realtors® · Technology
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Nine Years of Home Prices by School District

December 16, 2008 · Leave a Comment

A couple days ago, I mentioned that our local prices have “sort of” bottomed out. I prepared a couple graphs for my last newsletter showing the average prices by school district since the start of the decade. These graphs show that while prices in the last couple years have declined somewhat, we haven’t experienced the severe declines that speculative markets (FL, AZ, CA) have experienced.

Keep in mind, that these prices reflect the averages of what buyers are SPENDING in a given school district. That doesn’t necessarily translate into a specific price change for a given home. That’s an important distinction. These figures also don’t include the prices of new builds unless the home was a spec and entered into the MLS system. So, for some districts with a lot of new housing developments (such as Olentangy), the prices may be understated.

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This first chart shows the school districts closer to the actual Columbus metro market. (click on the thumbnails to see larger versions).

copyrighted-9yrsavgsalesschooldistrict-outerThis second chart shows the school districts in more outlying districts. I’ve separated the large Olentangy district into east/west segments, with Rt 23 being the dividing line. So the west segment is largely the Powell and Liberty Township area. The east segment consists of the Lewis Center and Galena areas.

The Columbus metro market has traditionally weathered previous market downturns because of the diversity of the economy. While sales have slowed the past two years we’re still not seeing the really negative numbers that other markets may be experiencing. That’s not to say that sellers who purchased in 2003-2005 AND who did 100% financing won’t be in trouble if they try to sell.

As most local Realtors® will say, you buy a home to live in and enjoy a certain quality of life. You shouldn’t use it as an ATM machine or for speculation as you might do in the stock market.

Therefore, if you qualify to buy a home and have the down payment to do so, it can be a good time to buy now that the interest rates have dropped this month. It can be an extra special holiday present for you and your family.

Read another post on this subject

Copyright © 2008. 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.

Categories: Buyers · Central Ohio · Columbus Ohio · Delaware County · Delaware Ohio · Dublin Ohio · Franklin County · Galena Ohio · Hilliard Ohio · Home prices · Homes · Housing stats · Lewis Center Ohio · Powell Ohio · Sellers · Worthington Ohio
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Two interesting surveys

December 12, 2008 · Leave a Comment

A recent CBR email contained links to a couple of interesting articles that I’ll pass along.

One link was to Wall Street Journal’s Market Watch article on the Top Ten metro areas for doing business. Columbus made it to the Top Ten this year. The article noted that Columbus has avoided the “Rust Belt” troubles of other Ohio cities, like Cleveland, but this has been the case for years thanks to Columbus’ more diverse economy. The article goes on to note that OSU is a primary reason, however, since the person making the claim is a dean at OSU, perhaps he’s not quite as objective as he should be. Being the State Capital with all the State government offices is pretty important and there are also a number of corporate headquarters located here as well. The quote from this dean, Steve Mangum, that many citizens would agree with is the personality of the city …

Locals like the intimate nature of the city. “It has a small-town feel to it, but it’s the [30th] largest city in the country,” Mangum said. “There’s something about the spirit of this place.”

The second link was to an article on the National Association of Home Builders’ web site regarding a survey conducted in conjunction with the AARP to determine Baby Boomer’s moving plans.

  • 26% expects to move in the future, with the majority looking for a single-level home. (Did they need to do a survey to learn this? It’s our creaky knees, folks!)
  • Boomer men are more likely than boomer women to believe they’ll move into a newer home (61% vs 42%).
  • Boomer women are more likely to think they will move into a smaller home (54% vs 41%). (Maybe this has to do with housecleaning!)

At one point the article says that boomers will “reflect the patterns of earlier generations and mostly age in place”. I think that’s what I’ll be doing … aging in place …  and I’m sure my daughters hope that as well rather than moving in with them! :-)

Copyright © 2008. 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.

Categories: Columbus Ohio · Franklin County · Homes · Housing stats · Media · New home builders · Newspaper · Surveys
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CBR is old enough to be on a Smucker’s jar with Willard.

December 8, 2008 · Leave a Comment

mini-cbrlogo100All this year the Columbus Board of Realtors has been celebrating its 100th birthday. Yes, 1908 marked the beginning of this real estate association group.

At that time, it was called the Columbus Real Estate Board with membership of 27 men.

During the 1950’s, the name was changed to Columbus Board of REALTORS®, to reflect NAR’s trademarked term.

In 1960, women were accepted as Board members and allowed to join the MLS service. It was another 19 years, before a woman held the position of president. This is outstanding in that women now substantially outnumber men as agents.

In 1994, the Board offices moved to their new building at 2700 Airport Dr.

Seven of the CBR members have gone on to become President of the Ohio Association (OAR). But only two have become NAR presidents: John W Galbreath and Harley E Rouda Sr … the original owner of my brokerage.

The Columbus Board is the largest Board in Ohio, and is #36 in the nation, out of 1437 local boards. There are currently 6515 members, which includes Realtors plus other affiliates such as inspectors, title reps, and mortgage people. That figure is 7% below last year. We expect more agents to drop out this month because many had a tough year in 2008 and may decide to get out of the business.

Ah-h, such is the ups & downs of the real estate business.

Copyright © 2008. 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.

Categories: Central Ohio · Columbus Ohio · Franklin County · Real Living HER · Realtors®
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Joe Testa reinvents the Auditor’s web site … again!

October 30, 2008 · Leave a Comment

It’s been a busy week of meetings at the Board and with clients. One of the Board meetings was the Tech User’s Committee meeting, of which I am Vice-Chair. Tuesday’s meeting featured Joe Testa, the Franklin County Auditor. We invite him once a year to speak to our Committee and it always has the highest attendance since all Columbus Board of Realtors® members are invited to attend.

Because it’s the Tech Users Committee, the presentation is on the fabulous web site that he and his staff have implemented. Every year they improve it and it’s one of the best in the central Ohio area. They’ve worked on improving it even more in the past year, and the new version will go live in the next week or so. He gave our group the beta domain address and asked us to try it out and let them know if we found any bugs.

Joe said that they essentially reviewed the site by asking how they would design it if they were to start over to try to make it even more user friendly. Judging by the demonstration they gave, the site will have often used features more easily accessible with fewer “jumps” to other platforms. I think we’ll find it even easier to use with even more info available for us.

Since Joe’s department handles the property tax assessments, there was much discussion of what adjustments will be made to allow for the effect of foreclosures on a neighborhood’s property values. Per the law that they follow, they view assessments as a 3-year window. They also remove those transactions that didn’t sell as a normal “arms-length” sale. So it’s not likely that assessed property values will decline much, if at all.

Of course, Franklin County citizens can follow the procedures (see Joe’s web site) to appeal their own assessment to try to get it lower … but keep in mind they may determine that the value has increased, and if so, you’ll have to live with it. Oh, whoops!!!

Copyright © 2008. 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.

Categories: Central Ohio · Columbus Ohio · Franklin County · Home prices · Homes
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Here’s a primer on being a Buckeye if you’re relocating here

October 23, 2008 · 2 Comments

Let it be known that if you relocate to the Central Ohio area, you WILL be expected to become a BUCKEYE! We’re passionate here about all things Buckeye … especially the football team. So get used to it.

Outsiders may not know what being a Buckeye means, so here’s some things to help you blend in.

The Buckeye tree is our state tree that produces a sorta round brown nut with a cream spot on the top. It obtained its name because it resembles a buck deer’s eye. The nut is supposedly poisonous to eat which is why “that-state-up-north” has some disparaging chants about it being a worthless nut. Never mind what “that-state-up-north” says, we Buckeyes are enterprising and make a delicious candy for game days that looks like the nut, but tastes like Reeses® Peanut Butter Cups.

TBDBITL stands for The Best Damn Band In The Land, and of course, refers to the OSU Marching Band. It’s pronounced “ta-bid’-al”. There’s nothing like being in THE SHOE when the band comes out from the tunnel and 100,000 people stand up to clap and cheer. It’s a spiritual experience and can be known to bring tears to our eyes for the shear magnitude of the response and the pride we feel for our Buckeyes.

THE SHOE is the Ohio Stadium, but it doesn’t look so much like the horseshoe anymore since they closed in the end zone and added on the press box. My fondest memories at The Shoe were the four years I watched Archie play all his home games there. I also went to all the away games that he played at “that-state-up-north”. (I won’t talk about the “yard marker incident” with Woody. Yep, saw THAT, too!)

BRUTUS is the mascot. While I’m sure that the new costume is much easier on the person inside, I have a soft spot in my heart for the original mascot. The original one was a big round fiberglass head with movable fuzzy eyebrows and movable mouth. When times weren’t going so well, that Brutus could frown with a furrowed brow. In the early 70’s, I made my own paper-mache version of that mascot. I had it autographed by Archie & Ray Griffin, Corney Greene, and Anne Hayes when they attended one of our Union County OSU Alumni meetings. It’s one of the few things I own that my daughters intend to fight over after I’m gone.

Shopping For Homes Here: It’s highly likely that you’ll find rec rooms decorated in scarlet & gray with OSU logos and paraphernalia stuck everywhere. You should view these rooms as “adding value” to the home, much like granite counter-tops or hardwood floors. :-)

Copyright © 2008. 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.

Categories: Central Ohio · Columbus Ohio · Franklin County · OSU Buckeyes
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Sellers … think buyers will think YOUR home is special?

September 27, 2008 · 2 Comments

With all the economical and financial news this past week, plus, some discussions of the have’s and have not’s, I was curious to see how higher priced homes were faring in sales this year. We know that the lower priced homes are facing more challenges to attracting buyers, but does the same hold true for the upper scale homes where “lack of money” may be less of an issue for potential buyers?

Normally the charts I prepare are for portions of Delaware County and Franklin County. I decided to use the ENTIRE MLS system for this review since some of the more expensive property may be located in outlying areas where ample land can ensure privacy. I also included condos … not just single-family homes … because there are some luxury condos being sold both in Powell as well as downtown Columbus high-rises. I wanted to know how buyers were spending their money regardless whether it was in a regular home or an easy-care condo or patio home.

This graph shows the NUMBER of homes SOLD by price range between Jan to today’s date.

Obviously, there are a lot fewer buyers buying this year than last, and remember this is for ALL the counties surrounding Franklin County where Columbus is located. Strangely the average price within each price range hardly changed from one year to the next. In other words, the average price in the $200-299K range was $241K for both years … there were just 62% fewer buyers.

Now back to the original premise of my purpose in doing this review. What’s happening in the luxury market?  I think the graph shows that upscale people are having the same thoughts as the “common folk”.

If your home is for sale, this should be a wake-up call to make sure your home is in absolute top-notch condition and priced right because your competition is fierce for the much smaller pool of buyers. I could also say that your choice of a Realtor® is very important as well to make sure your home receives the most exposure with the best photos … but then I hope you already know that! :-)

 

Copyright © 2008. 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.

Categories: Buyers · Central Ohio · Columbus Ohio · Delaware County · Franklin County · Home prices · Homes · Homes for sale · Housing stats · Powell Ohio · Sellers
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It’s Time … Let the battles begin!

August 27, 2008 · 2 Comments

This post is dedicated to my Ann Arbor blogging friend, Missy Caulk. It’s that time of year … the season starts Saturday.

So here’s MY video.

GO BUCKS!

 

And just to show that I’m a good sport … here’s one for Missy.

GO BLUE.

Special tribute to the memory of Woody and Bo … the rivalry hasn’t been the same since.

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Categories: Central Ohio · Columbus Ohio · Franklin County · OSU Buckeyes
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If you spend $20,000 you can keep your Brutus … a pricey nut!

April 30, 2008 · 3 Comments

Every couple months I receive a magazine called “CityScene – Columbus arts, entertainment & style”. I’m not sure why I started receiving this magazine a year or so ago, but it’s a rather pleasant read. Lots of info on home and home builders, so I assume I get it because I’m a Realtor®.

Anyway, in the issue I received today, there is an article on page 64 about a new public art project that should prove to be fun … at least it will be fun for Columbus Ohio!

By October, there are to be 250 “uniquely decorated” 7-foot Brutus statues around town. Could it be that this project is to be completed just prior to THE GAME IN NOVEMBER?

If you don’t know who Brutus is or what THE GAME is, then you’re not from Central Ohio.

The money generated from the art project will go in part to renovating the William Oxley Thompson Memorial Library. Another small portion will go to a scholarship fund for OSU cheerleaders.

The article recounted some of the rules …

Artists who signed up to create a signature Brutus statue were given plenty of freedom, but couldn’t include designs that were se*ually explicit, corporate or regarding anything about “That Team Up North”.

So far there is a Christopher Columbus, an Elvis, and of course, Woody. We can visit www.BrutusOnParade.com for photos of the new ones as they are displayed around town. It’ll be interesting to see what the other notable 247 statues will represent.

Copyright © 2008. 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.

Categories: Central Ohio · Columbus Ohio · Franklin County · OSU Buckeyes
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