Important items about real estate and the happenings in Central Ohio for my clients, friends and family
Sunday, March 17, 2013
VIDEO: Hills Market Downtown set to open doors on March 19
Drum roll, please: Hills Market Downtown is set to open at 7 a.m. on Tuesday, March 19.
The Downtown version of the longtime local and organic food market in the Worthington Hills neighborhood of Columbus has been in the works since October 2011.
At 95 N. Grant Ave., the 12,000-square-foot former auto repair shop is a few blocks north of Downtown and several blocks south of Columbus State Community College, hoping to draw customers from both areas, said Jill Moorhead, its marketing director.
It's also on the edge of the area being renewed with the help of the Neighborhood Launch housing development, which stretches from from 4th Street to Grant Avenue along Gay and Long streets. The closest grocery store to the neighborhood is the Kroger in the Brewery District on Sycamore Street.
More here
Friday, March 1, 2013
Gallery Hop March 2nd - Exhibits & Highlights
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Friday, February 22, 2013
January Central Ohio Home Sales Highest Since 2007
Central Ohio Housing Report - Jan. 2013
Posted: 2/21/2013
Columbus
Board of REALTORS®
January home sales highest since 2007
Central Ohio home sales during the first month of 2013 were the highest for January since 2007 just before the housing market began to feel the effects of the economic recession. The 1,374 closings exceeds the previous year by 20.4 percent (1,141) according to the Columbus Board of REALTORS®.
“Housing activity was up abnormally high during the traditionally slower months at the end of the year,” said Chris Pedon, President of the Columbus Board of REALTORS®. “So we’re not surprised to see such a jump in closings last month.”
Home prices hit their lowest in several years during the recession but are well on their way back. The average sale price of a home sold in central Ohio in 2012 was $167,459, which is 7.2 percent higher than in 2011.The average sales price ($149,477) jumped 5.1 percent from January of 2011 and the median sales price ($129,000) was up 5.3 percent.
New listings as added to the market in January totaled 2,578, which is down 6.0 percent from last year. The number of homes for sale in central Ohio is down to 8,935 – the lowest since summer of 2002.
“We’ve watched inventory dwindle steadily over the last year as demand continued to grow,” added Pedon. “Homeowners that have been waiting to move up, or tried to sell their home a few years ago, should seriously consider listing their home. It’s a whole new game out there today.”
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 96 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 100 percent expect the housing market to be moderate to strong over the next six months. As for home prices, 91 percent expect home prices to remain the same or rise in the next year.
View the current Central Ohio Local Market Update.
View the current Housing market report by area.
The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.
The monthly housing reports can be found at www.ColumbusRealtors.com/stats. The reports include breakouts for 18 central Ohio counties and 52 local municipalities and school districts.
For more information about the central Ohio housing market, visit www.ColumbusRealtors.com/stats.
To view commercial properties for sale or lease in central Ohio, visit www.COCIE.org.
To view residential properties for sale, visit www.terrypenrod.com
Friday, February 15, 2013
What’s the Best Day of Week and Month to List Your Home For Sale?
The best month to sell? April, according to the analysis. Homes sold in April tended to sell closer to their asking price. In April, homes were found to sell for a 99.2 percent sale price-to-list ratio, compared to a 97.3 percent ratio of homes listed in December.
Springtime is still a good time to sell for a higher price and also in the fastest time too, according to the study. Homes tended to sell within 90 days of being listed during March through June, according to the study.
Redfin also found that pricing the home competitively from its debut is critical because that’s when it’ll receive the most traffic. During the first week a listing debuts on the market, it receives nearly four times more visits on real estate Web sites than it will a month later.
Source: Redfin
Friday, February 1, 2013
Business First: Ohio State set to create east-side version of Campus Partners to boost hospital neighborhood
Ohio State set to create east-side version of Campus Partners to boost hospital neighborhood
Ohio State University trustees Friday will be asked to approve the creation of an affiliated nonprofit that would make good on the university’s 2010 promise to spend $10 million on neighborhood improvements in Columbus' near east side region surrounding University Hospital East.
The entity, to be called PACT for Partners Achieving Community Transformation, would be similar to Campus Partners for Community Urban Redevelopment, the university’s affiliate that developed and manages the South Campus Gateway and is spurring housing revitalization in the Weinland Park neighborhood near the main campus. The city and the Columbus Metropolitan Housing Authority are partners in PACT and provide money toward the administrative budget.
Tuesday, January 22, 2013
2012 Central Ohio home Sales, Prices Flourish - Best Year Since 2007
Central Ohio Housing Report - Dec. 2012
Posted: 1/22/2013
Columbus
Board of REALTORS®
2012 home sales, prices flourish - best year since
2007
“2012 exceeded our expectations,” said Chris Pedon, President of the Columbus Board of REALTORS®. “Sellers opened their doors, buyers brought their confidence, lenders gave their best rates and REALTORS® worked eight days a week.”
The average sale price of a home sold in central Ohio in 2012 was $167,459, which is 7.2 percent higher than in 2011. The average sale price for the month of December was $158,898 – a 7.5 percent increase over the same time last year.
The median sale price of a home sold in 2012 was $144,500 – up 8.7 percent from 2011. The median list price of a home sold in December was $136,450, which is 9.2 percent higher than one year ago.
The difference between the average sales price and the median sales price is that the average sales price is the sum of all the prices for all closed sales in a given month, divided by the number of homes sold. The median sales price is a mathematical result that indicates that one half of the group is higher and one half lower. The median price of 101 sold homes would be that price which is lower than 50 of the prices and also higher than 50 of them.
The inventory of homes for sale in central Ohio is at its lowest point in over a decade (9,252) - 18.8 percent less than December 2011.
“Homeowners who are putting off listing their house because we’re not “in season” are missing out on opportunity,” added Pedon. “Buyers are out there - and they’re not waiting for summer to buy.”
According to the latest Housing Market Confidence Index (by the Ohio Association of REALTORS®), 93 percent of central Ohio REALTORS® describe the current housing market as moderate to strong and 97 percent expect the housing market to be moderate to strong over the next six months. As for home prices, 85 percent expect home prices to remain the same or rise in the next year.
View the current Central Ohio Local Market Update.
View the current Housing market report by area.
The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Morrow, Pickaway and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Marion, Muskingum, Perry and Ross Counties.
The monthly housing reports can be found at ColumbusRealtors.com/stats. The reports include breakouts for 18 central Ohio counties and 52 local municipalities and school districts. New areas included in the 2012 reports include: Grove City and local school districts for Big Walnut, Miami Trace, Johnstown-Monroe and Northridge.
For more information about the central Ohio housing market, visit ColumbusRealtors.com/stats
To view commercial properties for sale or lease in central Ohio, visit COCIE.org.
To view residential properties for sale, visit www.terrypenrod.com
Tuesday, January 15, 2013
HER Realtors Becomes the Fastest Growing Real Estate Brokerage in Ohio
January 15, 2013
Columbus, OH - Today HER Realtors, central Ohio's largest
real estate brokerage, is announcing a merger with Real Living Realty Services
in Dayton, and Real Living Realty Services in Cincinnati to create one of the
largest, and the fastest growing brokerage in the state. The new, larger
company will be known as HER Realtors in all three markets.
In October of 2012, HER Realtors left the Real Living
franchise network, and began an aggressive local and regional growth plan.
"This is a very exciting day! We are merging
these great companies into a force that is unrivaled in our markets. The
HER Realtors name has long been synonymous with superior customer service, the
most professional real estate agents and the most innovative technology and
tools in the business," said Harley E. Rouda, Jr. "It feels good to
be returning to my roots."
HER Realtors was founded by real estate pioneer and
innovator, Harley E. Rouda, Sr., who passed away in June of 2012. Rouda,
Jr., left his position as president of Real Living Real Estate, a national
franchise company that was founded within the HER Realtors organization in
2001, and is now the CEO of Trident Holdings, Inc., which has various investments
in real estate related businesses throughout the Midwest, including HER
Realtors.
With this merger, HER Realtors will be home to approximately
900 associates in nearly 60 offices throughout central and southwestern
Ohio. The combined sales volume of the companies in 2012 was
approximately $1.4 billion.
"The timing could not be better for this move, and over
the next few weeks and months the company will be announcing additional
mergers, new search tools for consumers and additional business support tools
for sales associates to make sure we continue to earn the trust of our
clients," Rouda added. "With the emerging strength of the market, and
the shared strength of these companies coming together, we are extremely well
positioned for future growth."
For more information please contact:
Chris Derrow, President
614-273-6020
Michael Mahon, Executive Vice President, General Manager
614-273-6024
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