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"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
Columbus Ohio’s Most Prolific 2007 Home Sales
December 31st, 2007 categories: Real Estate News
Don’t think of Franklin County as much of a Million Dollar Home market? Would you believe that 51 $1MM+ homes sold here during the course of the year and Eight More are currently under contract to close (possibly today, it being the last day of the month and year) soon.
Let’s take a look at some of the areas where most of these transactions occurred, shall we? In my wheel house, inside of I-270, Bexley, German Village and Upper Arlington led the way. Outside the outer-belt, there were a few outliers in Dublin and Gahanna. It was New Albany, though, that led the Million Dollar Home Purchase market locally with 24 Million Dollar Plus home purchases this year.
In Columbus proper, it was 2 Dakota penthouses that came in between $1MM and $1,100,000. There were FOUR properties in German Village, led by the 5200 sq ft 189 E. Deshler at $1,500,000 you may have read about on the German Village Page back in September.
Some buyers don’t realize it, but Preston Rd isn’t part of Bexley even though it looks and smells like it. The charming 57 S. Preston sold back in March for almost a million. Bexley had five homes over the magic million dollar mark and one more in the oven, all of which I’d seen at one time or another and they were led by a 1999 new build on the North Parkview Circle selling in almost 500 days at $1,575,000.
Upper Arlington Contributed 7 homes to the list plus two more that were listed over $1MM but sold for just under. Three homes in Fontenay Place made the list-with another under contract, all giant new builds. The big winner inside 270 was 2355 Tremont in Upper Arlington, closing just a couple days ago for $2,000,000. It is a 6,500 sq ft six bedroom 6.5 bath 2 story on almost an acre overlooking Scioto Country Club, on the market a whole 2 days back in October.
Here is the complete list of Million Dollar Columbus Homes and almost Million Dollar Columbus Homes:
Dave
January 1st, 2008
Hey Joe,
On the other side of that, I noticed last Sunday in the Dispatch that there were 70 properties transferred to banks/mortgage companies, most below 100K. Are these foreclosures or are there always this many and I never noticed?
Joe Peffer
January 1st, 2008
Hi Dave, Yeah, even though I’m on top of the MLS everyday, I enjoy looking at the Sunday Dispatch and noticed an unusual amount of banks buying properties, mostly in that price range. Some entire zip codes appeared to be bank buyers.
They are mostly foreclosures, not all unlucky families caught in the mortgage mayhem though. Some were undoubtedly sheriff sales and would-be investors who got in over their heads.
Every week the banks are well represented. It is usually the bank that ends up buying at each Friday’s Sheriff sale. Sometimes bargains are to be had, but more often than not, the combination of property condition, location and market make it a tough sell.