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SearchLooking for real estate information? Articles on the home buying and selling process are here. What you need to know, from A to Z.
Read MoreShort sales in Columbus are a fact of life. No one wants to short sale their home. But if you need to, you need to be informed. We can help.
Learn MoreMarsh Realty Group has agents all across the Columbus metro area who are available to help you sell or purchase a home. From first time buyers to investors, we can help!
Read MoreThe HUD Home listed below is located in Worthington schools and is listed for under $55,000. This detached condo in Worthington Heights and allows you to get into a fixer upper without competing with investors for the first 10 days. Call or email now to get into this home today! 614-750-2144 or TroyRE@gmail.com
Click Here — > Search All Worthington Schools Homes and Condos Here
Upper Arlington area Gem! This 4 bedroom condo plus an office is perfect for the empty nester not quite ready to give up all of their belongings or the family looking to be in Upper Arlington Schools with a busy life looking to avoid the landscaping and exterior maintenance of a home. The location within the community cannot be beat, it is an end unit (the last in the row) and backs to a ravine with a stream along with two additional parking spots directly in front of the unit. The views alone are incredible when lounging on your deck on a warm summer evening.
The condo offers a huge first floor master with loads of closet space and master bath with stand up shower and linen closet.
Master Bedroom
Another view
The rest of the first floor features a large formal living room and dining room along with a large family room overlooking the ravine and stream with built in book cases framing in the wood burning fireplace.
Dining Room
Living room
Family Room
The second floor features 3 very large bedrooms ( 1 guest room and two enormous secondary bedrooms). The guest room feature a good sized room with closet. The 2 secondary (kids) bedrooms are very large (26’8″ x 13’10″ and 26’8″ x 12’10″) and each feature a walk in closet as well as a “make up station”.
Secondary Bedroom
Secondary Bedroom
Secondary Bedroom
The finished walkout lower level features a half bath, additional family room, large office, storage and more!
Family Room in Walkout Lower Level
Den in Walkout Lower Level
This condo is perfect for anyone looking for a great opportunity in Upper Arlington at a great location (just across Kenny Rd from the Ohio State University golf course).
Contact Marsh Realty Group – Troy Marsh to set up a personal viewing
614-750-2144 or TroyRE@gmail.com
The real estate market in Central Ohio is showing some strong signs of coming back from the dismal years of “great recession”. The Columbus area market saw almost 23,000 (22,915) sales of single family homes and condos along with an average sales price of $167,459 for the year ($158,898 for December 2012). This average sales price represents a 7.2% increase in the average sales price compared to 2011.
The biggest change for the year of 2012 compared to 2011 was the drop in inventory (the number of homes for sale). The inventory is now below 10,000 which is the lowest point in a decade (9,252 homes for sale). This number represents a drop of 18.8 percent compared to December of 2011.
Here’s a Look at Some Specific Areas and Market Changes there: (% changes are year 2012 compared to 2011)
Worthington School District Homes and Condos sold in 2012:
Closed Sales were UP 25.8%
Average Sales Price was DOWN 2% ($201,166)
Median Sales Price was UP 4.4% ($187,900)
Days on Market were DOWN 18.5% (74 down from 90 Days on Market)
Months of Inventory 2.6 months
Search Homes For Sale in Worthington | Search Condos for Sale in Worthington
Westerville School District Homes and Condos sold in 2012:
Closed Sales were UP 20.4%
Average Sales Price UP 3.5% ($185,129)
Median Sales Price UP 3.7% ($167,000)
Days on Market were DOWN 13.3% (81 down from 93 Days on Market)
Months of Inventory 3.5 months
Westerville Homes for Sale | Westerville Condos for Sale
Olentangy School District (Powell and Lewis Center) Homes and Condos sold in 2012:
Closed Sales were UP 32.2%
Average Sales Price DOWN 0.4% ($295,813)
Median Sales Price UP 1.5% (272,064)
Days on Market were Down 8.7% (94 down from 103 Days on Market)
Months of Inventory 3.3 months
Powell Homes for Sale | Powell Condos for Sale ….. Lewis Center Homes for Sale | Lewis Center Condos for Sale
Dublin Schools Homes and Condos sold in 2012:
Closed Sales were UP 35.6%
Average Sales Price was DOWN 1.7% ($283,557)
Median Sales Price was UP 0.8% ($245,000)
Days on Market were DOWN 21.6% (80 down from 103 Days on Market)
Months of Inventory 3.3 months
Dublin Homes for Sale | Dublin Condos for Sale
Please use the link below to view additional cities or school districts not highlighted here or contact Troy or Grant directly for a free market analysis.
Late in the month of December the housing stats for the month of November were released for the Central Ohio Area. It’s hard to find any negative’s in the numbers, everything is moving in the right direction from average sales price, number of sales and days on market. If there is anything that could be seen as a negative it is the fact that the inventory (available homes for sale) is so low that it is making it difficult for buyers find properties that are both in good condition and priced well. This is one reason that average and median sales prices are up 7.2 percent and 8.6 percent respectively year to date. A quick summary of the stats are below:
Overall Sales in Central Ohio in November 2012 were 1,923 (up 30% over November 2011)
Average sales price was $165,444 which was 8.6 percent higher than November 2011.
Year to date average sales price is $168,198 which is up 7.2 percent over last year during the same period.
The number of homes available for sale at the end of November 2012 was 10,110 which was 20.2 percent less than November 2011
Days on Market is down to 84 as an average which is down over 17 percent from the same time last year
The median sales price is up 8.6 percent to $139,000
Overall with only 5.5 months of inventory available the market has technically moved from a buyers market to a sellers market. As we always say with real estate, the market is local. The traditionally strong markets such as Dublin, Upper Arlington, Worthington, German Village, Victorian Village, etc continue to drive the numbers we see while others have not quite as well. Some areas within Central Ohio have struggled more with foreclosures and short sales which has hurt their average sales price, but the overall decrease of distressed sales as a percentage of the market has led to increases in sales and prices over last year in many of those areas as well.
October 2012 Home Sales Rise by 24.8% compared to October of 2011
Yesterday new numbers came out for the month of October and they continued to show an improving housing market in the Central Ohio area. This up tick in sales, prices (both average and median) in conjunction with a significant decrease in the number of homes available for sale has led to a much lower supply compared to October of 2012.
Click Here To View Detailed Stats
Click Here to Search All Available Homes in Columbus Ohio/Central Ohio Area
Central Ohio Market Wide Home Sales:
Closed Sales were UP 24.8%
Average Sales Price was UP 10% ($163,764)
Median Sales Price was UP 10.8% ($133,000)
Days on Market were DOWN 16.5% (84 down from 101 Days on Market)
Months of Inventory 6 months — Perfectly Balanced Buyers/Sellers Market
Here’s a Look at Some Specific Areas and Market Changes there:
Worthington School District:
Closed Sales were UP 51.9%
Average Sales Price was UP 4% ($206,045)
Median Sales Price was UP 1.8% ($195,000)
Days on Market were DOWN 8.8% (65 down from 71 Days on Market)
Months of Inventory DOWN 46.2% (3.8 down from 7.1 months in Oct 2011)
Westerville School District:
Closed Sales were UP 34.5%
Average Sales Price DOWN 0.4% ($176,370)
Median Sales Price DOWN 0.2% ($148,000)
Days on Market were DOWN 28.7% (69 down from 96 Days on Market)
Months of Inventory DOWN 38.9% (4.4 down from 7.2 months in Oct 2011)
Olentangy School District (Powell and Lewis Center)
Closed Sales were UP 58.9%
Average Sales Price DOWN 15.4% ($275,138)
Median Sales Price DOWN 11.8% (254,000)
Days on Market were DOWN 27.2% (79 down from 109 Days on Market)
Months of Inventory DOWN 52% (4.5 down from 9.5 months in Oct 2011)
Dublin Schools
Closed Sales were UP 47.4%
Average Sales Price was UP 7.6% ($277,702)
Median Sales Price was UP 10.1% ($247,625)
Days on Market were DOWN 22.7% (89 down from 115 Days on Market)
Months of Inventory DOWN 50.5% (4.5 down from 9.0 months in Oct 2011)
View Additional Cities and School Districts
I’ve been thinking all weekend about the veterans and the sacrifices that they make. I think as a society it is easy to take how we all live on a daily basis for granted. Then suddenly we are jolted out of that bliss when you feel the sadness of someone that you know getting deployed, the joy of a deployed soldier coming home or the horror of consoling the family of a lost soldier.
Recently I have experienced a couple situations that hit home about the importance of the sacrifice that veterans give every day of every year. My buddy who serves in the Air Force just recently got married and it highlighted the sacrifices of living very far from both his wife and his family, not by choice, but because of his service. We had a new neighbor move onto our street last year in the fall of 2011 and I met the husband/father of the family just last week. This was due to him being deployed to Afghanistan for a year and leaving his wife with a house in disarray that needed updated, she was here with two children to head up the remodeling effort and run the family in his absence. These may seem small in words on a page but take enormous tolls on our soldiers and their families that they leave behind and must be recognized.
Luckily I have not personally had to experience the horror aspect that we all know is an unfortunate truth. That being said, every serviceman and woman has to face that chance from the day they sign on the dotted line until the day they are discharged, some for the remainder of their life. This article is the least that I can do to say THANK YOU to all of you that serve today, have served in the past and will serve in the future. You have all given much more to our country than any of us can imagine and there is no way we can ever repay you the way you deserve. I want you to know that I will do all I can to ensure we as Americans DO all we can to say thank you every day of our lives.
Thank you again!
During the closing for a clients condo this week in Traditions at Rocky Fork, I found out that Village Communities is going to be building the same style of condos that sold very well at Lakes of Polaris in their Kinsale community (Near Powell, Ohio) at substantially less that what they cost in the Polaris community. Give us a call for more details and we can get you updated pricing!
To Search All Condos in the Columbus Area visit our Condo Search Page
Or
Powell, Ohio Condo Search: Powell, Ohio Condo Search
Welcome to the new website (or welcome back if you are a return visitor). We wanted to take a quick moment to thank you for your frequent traffic and we are very proud of our new website design. We look forward to adding a lot of new content and we hope that you enjoy some of our new features like our blog, updated featured listings and better easier to follow navigation. We look forward to seeing you often!
The simple answer to the question of the effect of the US debt ratings downgrade on mortgage interest rates is that we don’t know. The trend of the market this week was down along with the stock market. The interest rates are the key piece to the slow but steady real estate market here in the Columbus, OH area. It will be interesting to see what happens with the debt being downgraded … will that mean that money truly flows out of US Treasuries pushing interest rates higher? What other locations will money flow to? This next week in the stock market will be interesting… not only for the market and our overall economy but also interest rates. We shall see…
FHA Changes that will effect YOU!
This week the enacted FHA condo changes took effect making the “concentration limit” on condo communities enforceable at 30% concentration. Most of you are probably asking yourself what in the world is he talking about, well here it goes.
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