Tag Archives: central ohio real estate market news

2012 Taste of Powell – A Great Event

The Powell Chamber of Commerce sponsored another Taste of Powell where over 20 restaurants featured their favorite dishes for us to test-taste while listening to a band. The annual event is held at the Columbus Zoo at the Water’s Edge pavillion. The weather this year was perfect – a warm pleasant evening.

NEW LISTING – Do you work in Polaris, Powell or Dublin?

This charming home is located south of Delaware in Stratford Woods, making it very convenient to shopping, entertainment or employment in Dublin, Powell or the Polaris area. You’ll also love getting a lot of living space at a very reasonable price … it’s only $199,900 for total living space of 2,855 sq ft (includes lower level).

Enjoy evenings on your paver patio on a quiet side street overlooking your large sloped lawn. It’s perfect for BBQ’s. During cooler times, move the party inside to the fantastic finished lower level with a wet bar. At formal holidays, there is a formal dining room next to a formal living room. The island kitchen has plenty of space for helping hands, no matter the season. Plus, there’s a good-sized area for casual dining.

Upstairs are 4 bedrooms, 2 full baths and a laundry with a wall ironing board. The owner’s suite is vaulted with plant ledges. The owner’s bath has a jetted tub, shower stall and walk-in closet. It’s well located away from the other bedrooms for added privacy.

Give me a call if you would like more info on this terrific home.

Click for Google map

Ohio receives accolades from Site Selection

Ohio’s improving business climate scored another accolade.

Site Selection magazine awarded Ohio a 3rd place position in gauging states’ economic development competitiveness.

Ohio was behind Virginia and Texas. Louisiana and North Carolina were also in the top five. All states except North Carolina have Republican governors. All states except Ohio are right-to-work states. In 2011, Ohio was ranked 10th.

Site Selection uses a database for its 10-factor index for new and expanded facilities. In March, the group awarded Ohio its 2011 Governor’s Cup for the state with the most new and expanded corporate facilities. The magazine credited JobsOhio, the development group created by Gov Kasich, as a driver of the growth.

Read the Columbus Business First article.

Ohio Unemployment Continues to Drop in March

Ohio continues to improve for 4th straight month! Unemployment rate dropped again for March, going from 7.6% in February to 7.5% in March. That compares quite favorably to the 9.5% rate in December 2010 before the new governor, John Kasich, took office.

In December 2010, 560,000 people were unemployed. In February 2012, 443,000 were unemployed, and it further dropped to 438,000 in March 2012. That’s an additional 122,000 people with paychecks since Kasich’s tenure began.

The National continues to be above 8%, at 8.2%, so the State is out-performing the Nation.

Let’s hope the Governor continues his successes to bring or keep businesses here in Ohio which will certainly help our housing market. Now if the gas price issue would get fixed, we’d be in better shape.

1 Qtr Home Sales Results for Central Ohio

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.

Delaware County still leads Ohio’s population growth

Copyrighted Village at KinsaleDelaware County’s growth has slowed since the early 2000′s but it’s growth is still the best in Ohio according to Census Bureau data released this week. The average rate between 2000-2010 was 4.7%. The current rate is 1.8%. Between July 2010 to July 2011, Delaware County added 3,103 people. The southern half of the county continues to be the most popular with new home buyers locating around Powell, Lewis Center and Galena/Hoover Reservoir areas.

The seven counties in central Ohio had growth that kept the State from actually losing population. Only one county – Madison – lost population. The other counties in central Ohio grew …

  • Delaware – up 1.8%, from 175,238 to 178,341
  • Franklin – up 1.1%, from 1,165,789 to 1,178,799
  • Union – up 0.8%, from 52,370 to 52,764
  • Fairfield – up 0.5%, from 146,381 to 147,066
  • Licking – up 0.3%, 166,727 to 167,248
  • Pickway – up 0.3%, 55,810 to 55,990
  • Madison – down 0.1%, 43,444 to 43,401

You can read more in The Dispatch regarding other findings in the Census data.