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Archive for the 'Market Updates' Category

Is the 2007 Columbus Real Estate Market Doomed?

Or is it primed to make a comeback?  Well, maybe somewhere in between lies the best guess.  The first and last thing to always remember when we’re talking about real estate is that IT’S ALL LOCAL.
Who cares if the sky is falling across the country. So what if USA Today, WSJ and the nightly news talk doom […]

Authored by Joe | Discussion: 3 Comments »

Buyers - How Many Home showings are Too Many?

Are 37 showings too many? How about 45? Is it unrealistic to think that buyers should find the right home after seeing a dozen homes?
There is no right answer since buyers, like snowflakes, are never the same. While I’m at it, you can’t step into the same market twice. What the heck […]

Authored by Joe | Discussion: 1 Comment »

Olde Towne East Market Update

More or less Olde Towne East proper — Homes for sale in Olde Towne East the month of March 2007. 6 Sold Properties averaged 160 days on market.
Avg. Sales Price/Sq Foot = $63.53 Avg. Sq ft = 2,328
Average List Price=$155,133 and Average Sold Price = $147,900 (95.3%)
Longest market time was 65 North […]

Authored by Joe | Discussion: 1 Comment »

MLS Numbers Unmasked - What does it all mean?

I entered a listing into the MLS today and saw that it was number 2715344.
The 27 means it is a listing that originated in the year 2007.
The 15344 means it is the Fifteen Thousandth, three hundred and forty-fourth house that has come on the market this year. Yowza! We are up to 15,000 new […]

Authored by Joe | Discussion: No Comments »

Grandview / Marble Cliff Market Update

Did you know that you can listen to Grandview Heights High School’s Morning Announcements everyday as Podcasts? Nice.Since many closings will be today or tomorrow, we’ll just take a look at what is active on the market:
26 Active Single Family Listings (as of March 29) with an average of

$179.82/sq ft
$297,283 list price and
119 days on […]

Authored by Joe | Discussion: No Comments »

Februay 2007 Sales drop slightly — Rosy outlook or Mixed bag?

Columbus and Central Ohio Home Sales were? down ? last month almost 2%, compared to 2006.? Depending on how you look at it, that’s good news or bad news.
? Central Ohio home sales last month were down almost two percent from the year before. The 1,549 homes sold was 1.9 percent lower than the […]

Authored by Joe | Discussion: No Comments »

Location Matters — But Columbus Dispatch used faulty data

Citizens of Columbus, Please don’t be Shocked!
On Sunday March 11, the Columbus Dispatch ran a Home and Garden lead story about how the price per square foot is higher popular neighborhoods.
While there is little doubt about that being true, the actual data and numbers the paper used in the story are false.? For example, […]

Authored by Joe | Discussion: 1 Comment »

Grandview Market Update

Here is the 911 on what has been happening in Grandview so far this year. . . .Strictly Grandview/Marble Cliff proper — Jan 1 - February 28

8 Sold Properties
Avg. Sales Price/Sq Foot = $168.38 Avg. Sq ft = 1,370
Average List Price=$237,575 and Average Sold Price = $230,687(97.1%)
Longest market time was 1410 Lincoln at? 233 days […]

Authored by Joe | Discussion: No Comments »

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