Why Columbus?
- Categories
- About Me?
- Bexley
- Clintonville
- Columbus News
- Condos & Lofts
- Downtown
- For Home Buyers
- For Home Sellers
- German Village
- Grandview
- Market Updates
- Mortgage/Finance
- Olde Towne East
- Real Estate News
- Short North
- Archives
"As a first-time homebuyer, I was nervous about the entire process. Step by step, Joe made it easy and fun. His expertise in the Columbus real estate market is a tremendous asset. He is highly recommended!" - Nicolette Horan
"I wanted to say thank you again, so much, for all your hard work. I know that you really put a lot of time into this transaction and I really, really appreciate it. I'm so happy I got the house and it all worked out and I just wanted to say thanks again, you did a great job and i really appreciate it. I will put that on the survey when they send it to me.
If there is ever anything I can do for you, please don't hesitate to give me a call. I will refer every single person I know to you. I'm going to go get my dog and we're going to sit on the floor of our new house and have a glass of champaign. Thanks a lot Joe" -- Michael Mamp
What’s Up Downtown?
May 11th, 2007 categories: Condos & Lofts, Downtown
Downtown Condos aren’t flying off the shelf like much of the mainstream media seem to have portrayed, but they are slowly selling. What’s currently active on the market? About 141 properties representing just over 50 Million in list price, not even counting the FSB builders like North Bank.
I’m always surprised at the perception of who is buying downtown vs. the reality. It’s not all young professionals like many assume. There are far more empty nesters than most people think. Much of that is a result of the high costs of buying downtown. Affordable means something different to everyone but, for the most part, the youngsters are finding the affordable too small. Maybe they aren’t buying the whole, “Downtown is my back yard” mentality.
Here are some hard numbers property-wise.
In April, 11 units sold in Downtown proper, all condos, from $142,000 (a really cute 845 sf 1 bd above Barleys) to $510,00 (Brunson).
They averaged $227.67/sq ft and a little over 1200 sq ft.
Also Represented were Eclextions, Rich Street Walk, Carlyles Watch, Cityview, Burnham Square and the Buggy Works. That’s not a horrible range.
In Contract or Contingent at the moment are 21 additional properties representing mostly these same buildings but Also the Hartman, Terraces on Grant, and Miranova.
Those in contingent status average $ 279.09/sq ft and around 1335 sq ft.
Walker Evans
May 13th, 2007
Nice article! Good to see a more indepth look at this sort of thing. I look forward to more updates!
Columbuser.com / Changing neighborhoods
May 14th, 2007
[…] The downtown market is similarly not red-hot, according to Columbus realtor blogger Joe Peffer (via Columbus Underground): Downtown Condos aren’t flying off the shelf like much of the mainstream media seem to have portrayed, but they are slowly selling. What’s currently active on the market? About 141 properties representing just over 50 Million in list price, not even counting the FSB builders like North Bank. […]
Columbus Real Estate Notes » Blog Archive » Is the downtown Columbus Condo market just too expensive?
June 28th, 2007
[…] What’s Up Downtown? add to: […]