Comments on: What is up with the Columbus AreaHousing Market? July Solds http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/ The Take on Columbus Area Real Estate by Realtor Joe Peffer Thu, 21 Aug 2008 04:18:11 +0000 http://wordpress.org/?v=2.3 By: Joe http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1762 Joe Thu, 30 Aug 2007 15:40:15 +0000 http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1762 It all depends on the neighborhood within the specific geography and the condition of the house itself. When it comes down to it, Columbus isn’t really all that big. There are many places around town where, within a mile radius, you could have $30,000 homes and $1MM homes. They’d be in different communities and separated by some invisible dividing line like a rail road track or a street that divides home prices by 5 as soon as you cross it. It’s no different than many other big cities. In neighborhoods like Olde Towne East, a still up and coming and gentrifying neighborhood, it becomes much harder to price houses because they are all in different shades of rehab or deterioration. It’s hit and miss not just from block to block in places, but house to house in parts. As you get farther away from the city center, i.e. the suburbs, prices begin to stabilize just as the houses begin to look a lot like one another. Even if it’s a more diverse housing stock neighborhood in Westerville or Worthington though, number of bedrooms and square feet can generally dictate selling prices somewhat accurately. Please let me know if there is anything I can do to help in your home search. It all depends on the neighborhood within the specific geography and the condition of the house itself.
When it comes down to it, Columbus isn’t really all that big. There are many places around town where, within a mile radius, you could have $30,000 homes and $1MM homes. They’d be in different communities and separated by some invisible dividing line like a rail road track or a street that divides home prices by 5 as soon as you cross it.

It’s no different than many other big cities. In neighborhoods like Olde Towne East, a still up and coming and gentrifying neighborhood, it becomes much harder to price houses because they are all in different shades of rehab or deterioration. It’s hit and miss not just from block to block in places, but house to house in parts.

As you get farther away from the city center, i.e. the suburbs, prices begin to stabilize just as the houses begin to look a lot like one another. Even if it’s a more diverse housing stock neighborhood in Westerville or Worthington though, number of bedrooms and square feet can generally dictate selling prices somewhat accurately.

Please let me know if there is anything I can do to help in your home search.

]]> By: Anton http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1745 Anton Wed, 29 Aug 2007 21:04:25 +0000 http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1745 Hi Joe, I am planning to move to Columbus next year and currently I am researching real estate in Columbus area. I was very surprised to see such a huge difference in prices between houses in the same area. Some of them cost $10,000 and some of them are over a million bucks. I am wondering is it because of the different neighbourhood and community within the same area or the price totally depends on the condition the house is in? Any comments will be greatly appreciated. Thanks, Anton Hi Joe,

I am planning to move to Columbus next year and currently I am researching real estate in Columbus area. I was very surprised to see such a huge difference in prices between houses in the same area. Some of them cost $10,000 and some of them are over a million bucks. I am wondering is it because of the different neighbourhood and community within the same area or the price totally depends on the condition the house is in? Any comments will be greatly appreciated. Thanks,

Anton

]]> By: Joe Peffer http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1170 Joe Peffer Thu, 09 Aug 2007 19:33:18 +0000 http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1170 You're quite welcome! You’re quite welcome!

]]> By: Roland http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1157 Roland Thu, 09 Aug 2007 04:49:43 +0000 http://www.columbushomesblog.com/2007/08/08/what-is-up-with-the-columbus-areahousing-market-july-solds/#comment-1157 Love reading your insight into the Columbus real estate market. Thank you! Love reading your insight into the Columbus real estate market.

Thank you!

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