Category Archives: Hilliard Ohio

Articles about Hilliard Ohio

Should you buy or sell a home now?

Posted on 11/03/2010 | Leave a comment

: Click to enlarge, then click again to enlarge more

Last year buyers were hesitant to buy a home – even though interest rates were low – because they wanted to wait till “prices hit the bottom“. Real estate agents tried to explain that the only way a buyer could know when the market was at the bottom was when prices started to increase.

WELL FOLKS!
Have a look at this chart. It shows a 10-year pricing history for school districts in Delaware County with a couple in Franklin County. While prices haven’t increased to earlier years yet, most are seeing increases. Even so, with interest rates now about 1-percentage point below last year, the savings in interest would likely make up for the price increases. SO IT’S STILL A GOOD TIME TO BUY!

Sellers, the market may or may not be favorable for you, depending on when you purchased or the amount of equity you have in the home. If you’re in doubt about the price your home might sell for, contact your favorite Realtor® to discuss. Don’t have a favorite? Give me a call.

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.

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Posted in Buyers, Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Home prices, Home selling process, Homes, Homes for sale, Housing stats, Lewis Center Ohio, Powell Ohio, Sellers, Worthington Ohio

Tagged 10-Yr Home Pricing History, central ohio real estate market news

Who sells the most homes?

Posted on 10/20/2010 | Leave a comment

Are you thinking of buying or selling a home and are uncertain as to which agent to use? Perhaps, your home is on the market but you’re not quite satisfied with the marketing your home is receiving.

SEE WHO IS SELLING HOMES IN YOUR AREA

I just updated the “BROKER SHARE” page to show the Top 5 Real Estate Brokers from Jan 2010 thru Sep 2010 for a number of school districts in northern Franklin County and southern Delaware County. Check out your area to see who is selling the most homes – whether it is a home listing for sellers or helping buyers find their new home.

Naturally, I suggest using #1 Real Living HER … and dare I say … I’m available.

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Posted in Buyers, Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Home buying process, Home selling process, Homes, Housing stats, Lewis Center Ohio, Powell Ohio, Real Living HER, Realtor® selection, Realtors®, Sellers, Worthington Ohio

Tagged central ohio real estate market news

September YTD Home Sales in Delaware & Franklin Counties

Posted on 10/06/2010 | Leave a comment

Now that September home sales have been recorded, I’ve updated the sales charts on both my web site and a page on this blog. See what is happening your school district or your subdivision.

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Posted in Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Home prices, Homes, Housing stats, Lewis Center Ohio, Powell Ohio, Worthington Ohio

Tagged central ohio real estate market news

10 Years of Home Prices in Central Ohio

Posted on 07/11/2010 | Leave a comment

I’ve prepared a 10-Year chart for several school districts that shows the yearly change to the average price of the homes sold between Jan-Jun each year. This provides a good visual that illustrates how even though prices are improving, they haven’t yet caught up to earlier levels.

When sellers meet with a Realtor® to discuss pricing their home, often the agent will tell them that they can’t sell for a price higher than the price they paid for the home IF the home was purchased 5-6 years ago. This is especially true for people who purchased new builds in the 2003-2007 timeframe. Due to the subprime mortgage meltdown, prices began falling and especially deteriorated in 2009 when so many people lost their job. For 2010, we’re seeing prices once again rise – which is good news for the economy – but they haven’t risen to the 2005-2006 levels.

I should be noted that these average prices merely indicate what the price was that buyers were paying for homes in that school district. It doesn’t necessarily mean the seller had to reduce their price by the same percentage, however, they may have had to price their home more competitively in order to appeal to a buyer. Another caveat is for districts with fewer sales, where the sale of one high or low priced home can make the data more volatile. (Big Walnut is an example)

Click to enlarge graph, then click again

NOTE: I’ve divided the Olentangy district to west of Rt 23 (PO) and east of Rt 23 (LC) because it is such a large district and there is such a difference to the average prices.

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Posted in Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Home prices, Homes, Housing stats, Lewis Center Ohio, Powell Ohio, Worthington Ohio

Tagged central ohio real estate market news, Ten years of avg home prices in central ohio

Helpful info for home buyers & sellers

Posted on 07/09/2010 | Leave a comment

Real Living HER, Elaine Reese yard sign Planning to buy or sell a home and not sure what agent to select? I just updated the charts that show the Top 5 Real Estate brokers by some school districts. Naturally Real Living HER has the leading market share around the Columbus metro area, selling more homes to or for our clients by a wide margin in most school districts.

How do Real Living agents do it? They have the support and tools of a broker that has been recognized nationally as one of the most innovative in the nation. So, check out the results for your area, then give your favorite Real Living agent a call. Hopefully, you’ll call me.

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Posted in Buyers, Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Homes, Housing stats, Lewis Center Ohio, Powell Ohio, Real Living HER, Realtor® selection, Realtors®, Sellers, Worthington Ohio

Tagged central ohio real estate market news, Columbus OH metro area, Real Living HER, Top 5 real estate brokers

2010 Central Ohio Housing Sales Still Showing Strength

Posted on 07/07/2010 | Leave a comment

The first half of the year is now behind us. The Gov’t Tax Credit stimulus is kaput. We survived February’s wrath of 24″+ inches of snow. Low interest rates were maintained. Central Ohio real estate agents were busy selling houses. So how does the first half of the year look? Pretty good … pretty good!

Jan-Jun central Ohio housing prices 2010 v 2009

Click to enlarge graph

This graph shows a comparison of the average price of single-family homes sold during Jan-Jun 2010 vs 2009. I use data by school district since that is the easiest way to track sales here in central Ohio. Notice that most areas realized increased prices over last year.

The largest year-over-year increases were seen in Buckeye Valley (up 16%), Gahanna (up 14%) and Big Walnut (up 13%).
Healthy increases were achieved by Worthington (up 8%), the Powell portion of Olentangy (up 5%) and Westerville (up 5%).
Districts that were essentially flat were Marysville (up 3%), the Lewis Center portion of Olentangy (up 2%), Delaware (up 2%), Upper Arlington (up 0.6%), Dublin (up 0.2%)
Only two districts experienced a decrease: New Albany (down 2%) and Hilliard (down 3%).