Category Archives: Galena Ohio

1 Qtr Home Sales Results for Central Ohio

Posted on 04/09/2012 | Leave a comment

Enough days have passed since the end of the first quarter, that I can now look at the real estate home sale results. Generally the results are pretty positive when compared with the 1st Quarter 2011. Most school districts realized an increase in the number of homes sold, and many also benefitted from higher average prices as well. Remember, when considering higher prices, that doesn’t mean that any given home will receive more money, it merely means the average of the prices the buyers CHOSE to buy was higher. In a way, that can be good since it may indicate that buyers are in better financial positions when they finally decide to buy.

1st Qtr Home Sales *
School 2011
#		 2012
#		 %
Chg		 2011
Avg $		 2012
Avg $		 %
Chg
New Albany 52 54 +3.8% $411,688 $449,190 +9.1%
Dublin 72 96 +33.3% $340,516 $352,136 +3.4%
Olentangy (Rt 23 west) 74 74 0.0% $381,090 $345,315 -9.4%
Olentangy (Rt 23 east) 56 81 +44.6% $288,849 $300,727 +4.1%
Big Walnut 32 24 -25.0% $236,814 $261,066 +10.2%
Worthington 66 99 +50.0% $237,233 $225,191 -5.1%
Westerville 113 110 -2.6% $213,378 $202,877 -4.9%
Buckeye Valley 16 23 +43.7% $297,196 $223,175 -24.9%
Hilliard 115 105 -8.7% $212,216 $192,141 -9.5%
Marysville 34 33 -2.9% $190,209 $159,350 -16.2%
Delaware 36 60 +66.7% $142,931 $149,411 +4.5%

* Data does not include homes sold as REO, foreclosure or short sale.

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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

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Our Tax Rates Keep Going Up … Surprised?

Posted on 03/09/2012 | Leave a comment

Every year after the local property tax rates are published on the Auditor’s web site, I update a tax graph that compares the various rates for nearby school districts. I frequently get questions or requests from readers regarding these graphs.

Well, I just updated the graph again and this year there were some noticeable changes in the districts’ relationships with each other. Most noticeable is that the top tax rate is now approaching $100 (that’s per $1000 of assessed value). For all prior years, New Albany had the highest tax rate by far. Now the Hilliard district is higher than New Albany’s. There are other changes as well. For comparison, view the graph I posted a year ago to see how much things have changed. View 2011 graph.

2012 Tax Rates by Central Ohio School District

2012 central ohio tax rates by school district

Click to enlarge. Note that the base is at $20 not $0

NOTE: On March 6, Westerville approved a school levy. I doubt that the increase of that levy has been incorporated into the Auditor’s web site data at this writing.

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Posted in Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Lewis Center Ohio, Powell Ohio, Schools, Worthington Ohio

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Homes For Sale in Olentangy SD

Posted on 02/13/2012 | Leave a comment

It’s time to start searching for a home if you want to move by the end of the school year. I work mostly in the Olentangy school district area, and there are many homes available for buyers to choose. The following chart shows the number of homes for sale as of this afternoon. It changes all the time but this gives you a glimpse into the variety you’ll have to view. There are also many new home builders that will be more than willing to build your home from scratch. Some are starting to offer special deals, since the economy has impacted their business moreso than the resale market.

Zip # For Sale Sq Ft Avg $
43015 72 3590 $530,599
43065 154 3818 $505,680
43082 30 3394 $415,546
43021 49 3137 $359,076
43035 119 2728 $296,505

If you’re into luxury homes, there are 13 homes priced over $1 million with an average sq ft of 7883. All are located west of Rt 23 with most being in the various subdivisions along the Olentangy River between Powell Rd up to the junction with Rt 23 (south of Delaware).

If you’re ready to start looking, give me a call and we’ll go shopping. Remember, interest rates are rock bottom!

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Posted in Buyers, Central Ohio, Delaware County, Galena Ohio, Homes, Homes for sale, Lewis Center Ohio, Powell Ohio

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A Decade of Home Sales in Central Ohio

Posted on 01/03/2012 | Leave a comment

The end of the year means it’s time to look back to see how we did in our local real estate market. Average prices of single-family homes “seem” to have turned the corner in most school districts – some moreso than others.

2002-2011 Avg Prices homes sold for Jan-Dec in central Ohio

Click graph to enlarge, then click again

The discouraging news is the severe downfall in the number of homes sold since 2009. The data for the years 2010 and 2011 includes only “normal” sales and does not include homes sold as a short-sale or REO-owned.

2002-2011 No Homes Sold Jan Dec in central Ohio

Click to enlarge, then click again

Having the real estate industry get back on its feet is critical to improving the employment rate since the NAR has calculated that one job is created for every 2-3 homes sold. Additionally, people need full-time jobs and decent paying jobs in order to afford a home. Gov Kasich has been laser focused to keep companies in Ohio or bring new businesses here. As such, the state’s unemployment rate has declined since he took office and that may be reflected in the uptick of the number of homes sold in 2011. Hopefully, we’ll continue to see number of homes sold continue to increase for 2012.

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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, Worthington Ohio

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Post election info. Read it and weep???

Posted on 11/11/2011 | Leave a comment

Business First published an article on the 2011 School District Rankings as released by the Ohio Department of Education. Their website includes a searchable database for readers to look up their specific district or compare it to other districts.

Local Schools Rank Within the State

2011 Ohio School District Rankings
Rank District Students Index $/Student
40 Dublin 13,614 106.94 $13,013
41 Olentangy 16,263 106.93 $9,465
49 New Albany 4,191 106.63 $12,249
124 Hilliard 14,945 103.53 $11,398
138 Worthington 9,098 103.15 $13,305
168 Big Walnut 2,797 102.35 $9,261
175 Marysville 5,345 102.16 $9,467
190 Westerville 14,105 101.92 $10,890
226 Bckye Valley 2,344 101.10 $9,938
266 Delaware 4,942 100.34 $10,009

Salaries of Some School Positions

You can also search by school for the salaries that are paid by district. The highly controversial SB5 (Issue 2) was about helping local governments decide how to best spend their budgets rather than having the public sector unions dictate salaries, benefits and pensions. The voters repealed the bill and now with many school levies having failed, schools and local governments are looking for ways to cut expenses to meet their budgets.

Out of curiosity, I checked the Business First database for salaries for the school district I live in – Delaware. Delaware was a district whose hefty levy passed. My findings:

  • 2 Superintendents: one earning $121,290; one earning $112,019
  • 1 Assistant Superintendent earning $109,535
  • 8 Principals with salaries between $109,535 to $77,411
  • 6 Assistant Principals with salaries between $78,584 to $69,673
  • 2 Directors earning $105,165 and $98,920
  • 3 Supervisors earning between $101,106 to $65,784
  • 12 Remedial Specialists with 5 earning in the $70,000′s.
  • 11 Counselors earning between $78,887 to $51,044
  • 291 Teachers with 66 earning in the $70,000′s; 66 in the $60,000′s; 57 in the $50,000′s; 53 in the $40,000′s; 39 in the $30,000′s; and 19 below $30,000
  • 30 Clerical workers earning between $60,377 to $20,106

You might want to check YOUR district before the next election asking for more money from the voters.

Copyright © 2011. 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 Central Ohio, Delaware County, Delaware Ohio, Dublin Ohio, Franklin County, Galena Ohio, Hilliard Ohio, Lewis Center Ohio, Powell Ohio, Schools, Surveys, Worthington Ohio

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Central Ohio YTD Homes Sold By Schools or Suburbs

Posted on 10/16/2011 | Leave a comment

I’ve been busy updating the Jan-Sep YTD Homes Sold data on my website and here on my blog. Check out the results for your favorite area:

If you want to buy or sell a home in one of these areas, give me a call for assistance.

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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

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