Central Ohio Real Estate Market News

22 responses so far ↓

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  dblowers // 02/19/2008 at 4:33 pm | Reply

  I’d be very curious to see how the home sales sale prices have trended month over month for the different subdivisions. Is that available anywhere you know of?

  Thanks

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  elainereese // 02/19/2008 at 8:07 pm | Reply

  It’s quite time-consuming to calculate this list each month and I don’t save the data from the previous month. If you have a particular subdivision that you’re interested in, email me with your request and which months or quarters you would like to see the monthly or quarterly data for. I can calculate the data just for you.

  See the email link at the top of the right sidebar.

  Thanks for stopping by.

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  Anonymous // 02/29/2008 at 7:21 pm | Reply

  For Hilliard, you might want to add Brookfield Village. It is a large subdivision with listings typically between $195K – $260K.

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  elainereese // 02/29/2008 at 11:11 pm | Reply

  Anonymous: thanks for your input. I just added Brookfield Village to the Hilliard chart.

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  Anonymous // 03/21/2008 at 3:39 pm | Reply

  Can you add Thornapple Highlands in the Hilliard list? It’s a neighboring subdivision of Villa at Thornapple (already on your list).

  Thanks

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  elainereese // 03/21/2008 at 5:31 pm | Reply

  Anonymous #2:

  I checked the data for Thornapple Highlands. Since Sept, 2007 there were 2 homes sold, with an average size of 1736 sq ft, priced at an average of $102/sq ft, with an average price of $177,450.

  Hope that helps.

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  Anonymous // 04/02/2008 at 9:30 pm | Reply

  Elaine, I enjoy your website. It is interesting to see these numbers and definitely the kind of tool someone house-shopping would be interested in..

  Different Hilliard poster here (I’m the one who mentioned Brookfield Village, not the one who mentioned Thornapple Highlands). Other good-sized Hilliard subdivisions include Westbrooke and Western Lakes. I think Westbriar, Hyde Park and Heritage Creek are pretty decent-sized, too. I know your list for Hilliard is already pretty big, but those may/may not be worth considering adding to your list.

  Question for you… Do your “Hoffman Farms” numbers include those homes in the “Estates at Hoffman Farms”? The reason I ask is that sometimes they are considered separate subdivisions (by Franklin County, for instance), so I was curious if the sales numbers for Hoffman Farms included Estates at HF as well.

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  elainereese // 04/02/2008 at 10:59 pm | Reply

  Anonymous – I’m going to have trouble keeping you “anonymous” people apart.

  When I rerun the numbers for March, I’ll look into the subdivisions you suggest to see if enough homes have sold to add them to the list. I’ll likely be doing that update this weekend.

  Regarding Hoffman Farms, yes, I lump them all together just to keep the list more manageable. Also, some listing agents aren’t always specific with their entry into the subdivision box in the MLS, so I do a blanket search for just the Hoffman Farms name.

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  Anonymous // 04/03/2008 at 4:06 pm | Reply

  Thanks for your reply!

  One last comment/suggestion from the Hilliard anon #1… There is a new subdivision (3-4 yrs old) named “Village at Homestead” that is between and adjacent to Hoffman Farms/Estates at HF. Prices seem to range approximately 275-425K and several (7 or 8?) homes are currently on the market. This sub may/may not be worth adding or combining with Hoffman Farms/Estates at HF.

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  elainereese // 04/05/2008 at 6:48 pm | Reply

  To the “anonymous” Hilliard folks:
  I added the requested neighborhoods except for …

  * Brookfield Village – 1 home sold for $137K.
  * Thornapple Highlands – no homes sold

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  Anonymous // 04/06/2008 at 9:57 am | Reply

  Elaine, Thanks, so much again.

  I see that you deleted Brookfield Village due to the low volume/house price in the Jan-Mar timeframe. That makes sense. That price is definitely atypical of Brookfield Village. I think when you initially added it for Sep-Feb, the avg. price was somewhere around $225-$230K.

  Any chance that you could possibly add it in the future, if/when more normal activity/selling prices occur?

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  elainereese // 04/06/2008 at 10:56 am | Reply

  Anonymous: Regarding Brookfield, I’ve kept it in my search list so we’ll see how it does for the April report. Like other areas, I think a foreclosure probably is affecting the data.

  Sales for Brookfield for the 2007 year was:
  14 homes sold at an average price of $224 with an average size of 2307 sq ft.

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  Tom // 05/16/2008 at 8:04 am | Reply

  Do you collect data for the RAVINES AT
  WORTHINGTON SEC 2 ? 43085 zip in Worthington schools

  (off Oakmeadows Drive)

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  elainereese // 05/16/2008 at 9:59 am | Reply

  Tom, I just checked for sales for the Ravines at WO. Only one home has sold since January. It sold for $147,500 for 1532 sq ft.

  Because the average sold prices for the suburbs above is over $200K, I’ve decided to use that as the bottom price for the list simply to keep the list from getting longer than it already is. The exception being all the subdivisions in northwest Delaware which are included only to have some info for that “affordable” city.

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  Anonymous // 07/02/2008 at 4:12 pm | Reply

  Do you have the number of homes available for sale in each subdivision? Lots?

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  Elaine Reese // 07/02/2008 at 4:47 pm | Reply

  Anonymous: That would be an ever-changing number!!!!

  If you want to see what is for sale for specific subdivisions, I suggest setting up a “Saved Search” on Real Living HER’s web site.

  Simply click on the red box on the sidebar above that says, “Search All MLS Listings”. That will take you to HER’s web site. Once there, you can set up your own Saved Search using the Advance search criteria which can be done by subdivision. Then you will get automatic emails when there are changes to any active listings.

  I have several clients or friends that have done this just because they want to track their neighborhood’s prices … or just be the first to know when a home is new to the market.

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  Terry // 07/06/2008 at 4:32 pm | Reply

  Love the site, lots of good information. My wife and I are currently looking at starting a family and building a new house, we are currently in apartment living as we sold our previous home last year a lot sooner than we thought.

  Here is the dilemma, building on a lot in Scioto Reserve in Buckeye Valley SD or a lot in Alum Crossing which is Olentangy. In the short run (first 5 years) it would actually be about $114 a month cheaper at the Alum Crossing development, however once factors expire/payoff (PMI, interest buy down), then the Scioto Reserve lot become less expensive in the long run. However, I am worried that building in a community (Scioto Reserve)dominated by Olentengy School homes, we would be committing “resale suicide” if we needed to sell this home to another family. Please advise if we should just assume the $114 difference as an “resale/appreciation insurance policy” at Alum Crossing or if we are over analyzing the situation and should reduce our payments by building on the Buckeye Valley lot. Based on the info I have read both school systems seem to be very good with Olentangy being marginally better. Ironically Olentangy was an average school system at best in 2000 when we built our first home in Liberty Lakes. So maybe Buckeye Valley will take off just as much in the long run?

  Thanks!

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  Elaine Reese // 07/06/2008 at 9:54 pm | Reply

  Well, Terry, wait just a moment while I check my crystal ball to see what the world will be like in 5 years!

  There’s quite a bit of difference to the location of those 2 subdivisions. Aside from evaluating the school districts, it would seem that proximity to your employment would certainly also be a major consideration. With gas prices, any extra driving to work, could easily eliminate that $114 difference if that distance is an issue.

  You also might compare property taxes. In general, Buckeye Valley rates are lower per $100K evaluation. You might want to check with the schools to see where new elementaries are being planned (since you plan to start a family) to see how close or far you will be to the school.

  Since you’re doing such a thorough analysis, you might also visit the County Engineer’s web site to see what growth/expansion plans are for Old State and Section Line roads. Those plans could affect future value of surrounding homes.

  Beyond all that, which area seems to offer the most benefits such as shopping, restaurants, entertainment, etc that you enjoy.

  Good luck with your decision process. Thanks for the compliment on this site.

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  Michelle Paul // 08/03/2008 at 5:26 pm | Reply

  I just happened to stumble upon this website by accident. I must say I am from Philadelphia, PA and we are getting robbed. The going price for these houses is a steal compared to where I live. They want double to actually live comfortably. The houses are beautiful and your website is awsome. If I ever decide to move to Ohio, I will definitely give you a call

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  Elaine Reese // 08/03/2008 at 6:37 pm | Reply

  Michelle … glad you stumbled by! You live too close to NYC. In the ’90’s, I was offered a Marketing position in northern NJ. Very nice salary on paper, but not when C-O-L was calculated.

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  Mindy // 07/18/2009 at 2:41 pm | Reply

  Wow! What a great site with so much helpful information! My husband and I will be moving from Baltimore, MD to Columbus soon and we are trying to decide on the best area for us…we have to young boys ages 5 and 2. This site is great!

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  Elaine Reese // 07/18/2009 at 8:56 pm | Reply

  Mindy, glad you’re enjoying the site. I try to provide info that people might find helpful. Let me know if you need any additional info for your pending move.