Central Ohio Real Estate Market News

Entries categorized as ‘Hilliard Ohio’

Real Estate Design Trends

November 21, 2008 · 2 Comments

Katherine Slant, author of The Brand-New House Book, issued some design trends that coincidentally fit with some the homes I currently have listed.

She said that homes with both a master and a second bedroom on the first floor are popular because they appeal to young couples (2nd BR serves as a nursery); middle-aged couples may put an elderly parent in the 2nd bedroom; and older couples like the design if their sleep patterns differ, making sharing a bedroom more difficult. See my Worthington listing that matches this description, plus it has 2 more large bedrooms upstairs with dormers and skylights.

Another design trend on her list involves offices. She said the newest variation of the home office is a completely separate office space, connected to the home by a hallway or a breezeway. See my Galena listing that has this type of private office with an exterior entrance in addition to the connection to the home.

Per Slant, kitchens are getting smaller, but they’re connected to larger dining areas, often with a center island where family members can sit while they have an informal meal. My Worthington listing (see above) has this arrangement, as does my listing in Stratford Woods.

Oversized family rooms with high ceilings are giving way to smaller, cozier rooms with lower ceilings. Again my Worthington listing matches this as does my listing in Brookfield Village in Hilliard.

Slant says that home theaters have lost much appeal because people don’t want to watch TV in a separate area. TV viewing is more informal with people doing other things while the TV is on. My listing in Stratford Woods has this floor plan as well as a finished basement for “real TV watching”.

So if you’re interested in buying a TRENDY home, I’ve got you covered. Just pick the trend you want, and I can help you buy it. Of course, you knew I’d say that didn’t you!

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 · Delaware County · Delaware Ohio · Franklin County · Galena Ohio · Hilliard Ohio · Homes · Homes for sale · Worthington Ohio
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Spacious home for sale in Brookfield Village, Hilliard

November 2, 2008 · No Comments

This new listing has a great location in the popular Brookfield Village … convenient to downtown Hilliard, shopping and major access roads. Being a larger home (2368 sq ft), you’ll find plenty of room for entertaining guests or family activities, both in formal or casual areas.

The traditional floor plan has a formal living room with a bay window and nearby brick log-burning fireplace with raised hearth. Nearby is a formal dining room with a view of a large tree. The kitchen has plenty of cabinetry, including a pantry, making meal prep easy. All the kitchen appliances stay. You’ll love the large casual dining area with a bay window, and easy access to the backyard. A large 3-panel window brightens the Family Room, with plenty of space for a large TV and sectional sofa for watching football games.

Upstairs are 4 roomy bedrooms, with an extra spacious, private owner’s suite which has a walk-in closet, bath area, 2-sink vanity, glass shower stall, jetted tub and enclosed commode area. Also, on the 2nd floor is the laundry room for added convenience.

The finished lower level features three distinct areas, a half bath, and a small room with a sink … ideal as a wet bar. The backyard features a paver patio and is totally fenced for pets or kids. At only $194,900 it’s a fantastic buy for this terrific neighborhood! Google Map directions.

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 · Franklin County · Hilliard Ohio · Homes · Homes for sale
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1st Qtr 2008 >Condo Sales in Columbus metro area

April 7, 2008 · 2 Comments

Most of my housing stats are for single-family homes. It’s time I do the same review for condos. So here are the averages for condos that have sold between January and March this year.

Powell area: 16 condos sold, averaging 2151 sq ft, at an average price of $277,842. The highest priced unit sold for $445,073 - a new build in the Lakes at Golf Village with 2461 sq ft.

New Albany area: 5 condos sold, averaging 1583 sq ft, at an average price of $180,589. The highest priced unit sold for $224,900.

Lewis Center area: 15 condos sold, averaging 1510 sq ft, at an average price of $174,502. The highest priced unit sold for $279,900.

Westerville area: 24 condos sold, averaging 1580 sq ft, at an average price of $153,808. The highest priced unit sold for $510,000 - a new build in Windsor Village with 3596 sq ft.

Dublin area: 45 condos sold, averaging 1314 sq ft, at an average price of $144,661. The highest priced unit sold for $590,000 - a new build in Tartan West.

Hilliard area: 54 condos sold, averaging 1358 sq ft, at an average price of $135,177. The highest priced unit sold for $530,000 - a unit in Ballantrae.

Delaware area: 10 condos sold, averaging 1410 sq ft, at an average price of $117,930. The highest priced unit sold for $185,000..

Worthington area: 24 condos sold, averaging 1242 sq ft, at an average price of $111,543. The highest priced unit sold for $170,000.

So if you’re in the market to buy a condo, you should be able to find one that suits your lifestyle or budget. Call me if you need help.

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: Ballantrae · Central Ohio · Columbus Ohio · Condos, patio homes · Delaware County · Delaware Ohio · Dublin Ohio · Franklin County · Golf Village, Kinsale · Golf course communities · Hilliard Ohio · Home prices · Homes · Lewis Center Ohio · Powell Ohio · Worthington Ohio
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Year-end home prices for 5 years by central ohio school district

January 9, 2008 · No Comments

OK, here’s the last report to be updated with year-end data - I think!

5-Year Average Home Prices for central Ohio’s school districts - Year end 2007This report shows the 5-Year Average Home Price comparison by central Ohio school district. It should be the final “nail-in-the-coffin” that shows that central Ohio DOES NOT have severe falling prices like California and Florida. (click on the thumbnail to view full size)

Our growth has been quite conservative over the years. There was some minor decline in 2007, caused by all the media hype and higher than normal inventories. Builders have cut back the number of specs and we’re getting some of the resale inventory sold, so things are improving.

We’re probably not out of the woods yet, but as I noted in yesterday’s post, the market is looking like it might improve a little over last year. For the economy’s sake nationwide, let’s hope so.

The percent change of the 2007 average home price versus the 2003 average home price for each of the school districts, is as follows:

  • Buckeye Valley   +23%
  • Upper Arlington   +22%
  • Olentangy (Powell area)   +19%
  • Worthington   +17%
  • Dublin   +14%
  • Olentangy (Lewis Center area)   +12%
  • New Albany   +10%
  • Marysville   +8%
  • Gahanna   +7%
  • Hilliard   +7%
  • Delaware   +5%
  • Westerville   +4%
  • Big Walnut   (2%)

One thing to keep in mind is that these are the average SALE PRICES for the school district. It does not represent the price increase a given home might experience. It only represents the prices that buyers are paying for a home in that district.

Regarding Buckeye Valley, most likely the increase reflects the new development that is occurring there. The newer homes would be more upscale than the older rural homes that are prevalent in the district. Big Walnut’s data is apt to also be skewed as to whether a new development was selling heavily during one of the years.

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 · Delaware County · Delaware Ohio · Dublin Ohio · Franklin County · Hilliard Ohio · Home prices · Homes · Housing stats · Lewis Center Ohio · Powell Ohio · Schools · Worthington Ohio

Top 5 Real Estate Broker’s Market Share around Columbus

November 20, 2007 · No Comments

I just created a new page for you. It shows the market share of the Top 5 real estate brokers for eleven areas/communities around Central Ohio. (see the Broker Market Share tab just above the blog title header)

You may be preparing to buy or sell a home and want to choose a broker that will get you results. These graphs will show you who the top five players are in your community. The data is based on the total number of single-family homes and condos sold for the past 12 months by the brokerage. I’ll be updating the page on a monthly basis as the new month-end numbers become available.  

her-logo.jpgNaturally, Real Living HER is the top brokerage - not only in Central Ohio but ALL of Ohio. Being a high-tech, internet driven company, Real Living’s key strength is its use of technology and powerful resources to improve the real estate transaction. The eleven graphs are for:

  • Total Central Ohio MLS area
  • Franklin - Delaware - Union counties
  • Powell and Lewis Center areas
  • Cities of Delaware, Dublin, Hilliard, Westerville, Worthington

I hope you find this new page useful and informative. As always, please call or email me if you have any questions. ENJOY!

Copyright © 2007. 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 · Delaware County · Delaware Ohio · Dublin Ohio · Franklin County · Hilliard Ohio · Homes · Housing stats · Lewis Center Ohio · Powell Ohio · Real Living HER · Realtors® · Worthington Ohio

Ballantrae continues Dublin’s Irish theme

August 22, 2007 · No Comments

Copyrighted Ballantrae Golf ClubBallantrae is a large housing development and golf course south of the western edge of Dublin. The grounds are designed to represent an Irish countryside with stone walls and sea grass lining the roadways and fairways. Large stones, reminiscent of Stonehenge front many of the individual developments.

Copyrighted dancing haresThe most memorable aspect of Ballantrae is the 15-foot sculpture of three dancing hares on a mound at the entrance. The hares were sculpted by Sophie Ryder, (London England). She was intrigued by the spring mating “dance” hares do in which they stand on their hind feet and ‘box’ each other. At the base of the statue is a wading pond with intermittent upward sprays of water that delight the children wading in the pool.

The entire development consists of 640 acres and over 1000 homes, made up of single-family, condominiums and patio/villa style homes.  Prices range from $300k and up. It is located within the city of Dublin and is serviced by the Hilliard school district. It is located off of Avery Rd, south of Rt 33 and the Perimeter Mall.

Copyright © 2007. 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 · Central Ohio · Condos, patio homes · Dublin Ohio · Franklin County · Golf course communities · Hilliard Ohio · Homes
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Condo Sales in central Ohio for the 2nd Quarter

August 4, 2007 · No Comments

You can live a carefree lifestyle for very reasonable cost in the north/northwest communities around Columbus. Or if you want total luxury, there are many options for you as well.

Copyrighted Dublin condoCondos such as the one to the left, generally cost below $160K depending on the number of bedrooms and the location of the complex. Some of these complexes offer garages, while some only have carports or street parking. Copyrighted Woodcutter Village

The Epcon Group offers many condo complexes all around the Columbus area. This particular one is one of four such complexes in the Powell area. Depending on the location and number of bedrooms, they generally are priced in the $200K-260K price range. A pool and a party house are included.

Copyrighted Vill at KinsaleThese two luxury complexes (below) are located in the Powell area with prices ranging from the high $300K’s to mid $400’s depending on the options and the view.The first complex is Village at Kinsale with many units having a view of the golf course.

Copyrighted Lakes at Golf VillageThe complex on the right is the Lakes at Golf Village. Both these luxury complexes are located at the intersection of Sawmill Parkway and Rutherford Rd.

Just as I did for single-family homes, I compiled the 2nd quarter sales results (Jan-Jun) for condos in six suburbs north and northwest of Columbus. One caveat to the data below regarding the higher priced units, is that the data does not include sales direct with the builder. It only includes sales recorded in the MLS system which is mostly resale homes. Since most of the upscale units are brand new, or too new to be on the resale market, they aren’t reflected truly in the data below.

Powell area:

·  Below $200K: 29 units were sold averaging $163K with 1457 sq ft.

·    $200K-$399K: 27 units were sold averaging $281K with 2116 sq ft.

·   Over $400K: 1 resale unit was sold at $433K with 2361 sq ft.

·   Overall Average: 57 units sold averaging $223K with 2894 sq ft.

Dublin area:

·  Below $200K: 166 units were sold averaging $131K with 1232 sq ft.

·  $200K-$399K: 27 units were sold averaging $236K with 1955 sq ft.

·  Overall Average: 192 units sold averaging $145K with 1335 sq ft.

Lewis Center area:

·  Below $200K: 19 units were sold averaging $134K with 1285 sq ft.

·  $200K-$399K: 1 unit was sold costing $201K with 2236 sq ft.

· Overall Average: 20 units sold averaging $137K with 1335 sq ft.

Hilliard area:

·  Below $200K: 131 units were sold averaging $111K with 1187 sq ft.

·  $200K-$399K: 18 units were sold averaging $267K with 2082 sq ft.

·  Overall Average: 149 units sold averaging $130K with 1297 sq ft.

Worthington area:

·  Below $200K: 110 units were sold averaging $108K with 1168 sq ft.

·  $200K-$399K: 6 units were sold averaging $244K with 2274 sq ft.

·   Overall Average: 116 units sold averaging $115K with 1225 sq ft.

Delaware area:

·  Below $200K: 31 units were sold averaging $99K with 1135 sq ft.

·  $200K-$399K: 1 unit was sold costing $203K with 1474 sq ft.

·  Overall Average: 32 units sold averaging $102K with 1146 sq ft.

If you’re interested in purchasing a condo, call or email me with your specifications and we’ll start working on getting you into a carefree life.

Copyright © 2007. 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 · Condos, patio homes · Delaware County · Delaware Ohio · Dublin Ohio · Franklin County · Golf Village, Kinsale · Golf course communities · Hilliard Ohio · Home prices · Homes · Housing stats · Lewis Center Ohio · Powell Ohio · Worthington Ohio
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2nd Qtr Home sales in Central Ohio comparison to 2006

July 31, 2007 · No Comments

I just completed a review of how the sales are doing for the 2nd Qtr period (Jan-Jun) versus last year for six suburbs that I work.

Central Ohio didn’t go through the double digit increase the past few years as did the East and West coasts and Florida. Our increases were moderate - just keeping up with inflation.

However, beginning last fall with all the media hype on the housing bubble for the coasts and Florida, buyers in our market began to pull back on their purchases even though interest rates and pricing were still positive. This softening of sales caused excess inventory not only for existing sales but also new builds. Growing foreclosure rates certainly didn’t help either.

Given those market conditions, sellers have had to reduce their pricing to get their home sold. So naturally, a review of sales this year vs last, shows some of that softening. The following six ‘burbs are listed in the order of their average selling price for 2007:Powell Ohio signs

Powell (43065 zip, Olentangy SD):

Average price is up 4% from $393K to $408K. The average size (sq ft) is up 3% from 2936 to 3024. The number of homes sold during the six months is down 9%, going from 226 down to 206.

Copyrighted Dublin downtownDublin (Dublin SD):

Average price is down 8% from $357K to $327K. The average size (sq ft) is down 4% from 2725 to 2623. The number of homes sold is down 2%, going from 411 down to 401.

Copyrighted-housing fieldLewis Center (43035 zip, Olentangy SD):

Average price is down 1% from $282K to $280K. The average size (sq ft) is down 1% from 2423 to 2399. The number of homes sold during the six months is down 21%, going from 214 down to 170.

Copyrighted Worthington InnWorthington (Worthington SD):

Average price is down 1% from $239K to $236K. The average size (sq ft) is down 2% from 2006 to 1966. The number of homes sold during the six months is down 7%, going from 335 down to 311.

Copyrighted dancing haresHilliard (Hilliard SD):

 Average price is down 6% from $214K to $201K. The average size (sq ft) is down 3% from 1930 to 1877. The number of homes sold during the six months is down 6%, going from 597 down to 559.

horse graphic

Delaware (43015 zip, Delaware SD):

Average price is up 2% from $158K to $162K. The average size (sq ft) is up 3% from 1745 to 1798. The number of homes sold during the six months is up 5%, going from 223 down to 234.

Copyright © 2007. 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 · Delaware County · Delaware Ohio · Dublin Ohio · Franklin County · Hilliard Ohio · Home prices · Homes · Housing stats · Lewis Center Ohio · Powell Ohio · Worthington Ohio