Second is this: http://www.bizjournals.com/columbus/news/2013/01/15/columbus-only-midwest-city-to-regain.html This link shows that the Columbus metro is one of only 14 major metros nationally (out of 102) that had gained more jobs through November 2012 than it lost during the Great Recession, meaning it has exceeded a 100% recovery from the downturn. It was also the only Midwestern metro to have achieved this feat.
Stories and rankings like this prove that Columbus has little or nothing in common with its nearby Rust Belt neighbors. It has long had a steady, growing economy that has been able to recover quickly from economic downturns. Say what you will about weather or other factors, but the #1 reason for people to move somewhere has to do with economics. So long as there are jobs available and a decent cost of living, people should continue to flock to that place. In that regard, Columbus definitely seems to have a bright future.
In a first of its kind, this is the Columbus housing market update for December 2012. In it, the local housing market will be detailed by categories such as most expensive market, market listing rankings and more.
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Top 15 Most Expensive Locations By Median Sales Price in December 2012 1. New Albany: $535,000 2. New Albany Plain LSD: $397,450 3. German Village: $376,000 4. Grandview Heights: $362,500 5. Powell: $354,950 6. Dublin: $343,600 7. Granville CSD: $330,000 8. Bexley: $325,000 9. Upper Arlington CSD: $319,500 10. Olentangy LSD: $315,000 11. Big Walnut LSD: $306,250 12. Dublin CSD: $271,500 13. Worthington: $$270,000 14. Buckeye Valley LSD: $259,000 15. Sunbury: $253,000
New Albany was by far the most expensive local market around Columbus.
Top 15 Least Expensive Locations by Median Sales Price in December 2012 1. Obetz: $80,100 2. Hamilton LSD: $80,100 3. Whitehall: $85,950 4. Newark CSD: $86,900 5. Lancaster CSD: $103,000 6. Jefferson LSD: $123,000 7. London CSD: $124,000 8. Groveport Madison LSD: $125,900 9. Reynoldsburg CSD: $125,950 10. Columbus CSD: $129,900 11. South-Western CSD: $131,000 12. Columbus: $140,026 13. Jonathan Alder LSD: $150,000 14. Minerva Park: $159,500 15. Grove City: $160,950
Southern and eastern suburbs tend to perform best on this list, as well as Columbus itself.
Overall Market Median Sales Price in December 2012: $158,645
Top 15 Locations with the Highest Median Sales Price % Growth Between December 2011 and December 2012 1. Whitehall: +69.5% 2. Circleville CSD: +64.9% 3. Sunbury: +63.0% 4. Jefferson LSD: +53.5% 5. Big Walnut LSD: +44.1% 6. Canal Winchester CSD: +40.9% 7. Westerville: +29.8% 8. Westerville CSD: +27.3% 9. Powell: +25.4% 10. Pataskala: +24.0% 11. Olentangy LSD: +23.5% 12. Gahanna Jefferson CSD: +21.8% 13. Grandview Heights: +21.2% 14. Granville CSD: +20.0% 15. Pickerington: +17.7%
Top 15 Locations with the Lowest Median Sales Price % Growth Between December 2011 and December 2012 1. London CSD: -53.5% 2. Obetz: -38.3% 3. Hamilton LSD: -27.1% 4. Jonathan Alder LSD: -25.2% 5. Buckeye Valley LSD: -23.0% 6. Reynoldsburg CSD: -18.7% 7. Hilliard: -17.7% 8. Lancaster CSD: -17.6% 9. Grove City: -15.3% 10. Dublin CSD: -12.8% 11. Johnstown Monroe LSD: -10.8% 12. Upper Arlington CSD: -8.5% 13. Newark CSD: -8.1% 14. Dublin: -7.1% 15. South-Western CSD: -6.4%
Overall Market Median Sales Price % Change December 2011 vs. December 2012: -0.3%
Top 10 Locations with the Most New Listings in December 2012 1. Columbus: 829 2. Columbus CSD: 544 3. South-Western CSD: 136 4. Olentangy LSD: 122 5. Westerville CSD: 100 6. Hilliard CSD: 94 7. Dublin CSD: 89 8. Worthington CSD: 66 9. Dublin: 64 10. Pickerington LSD: 60
Top 10 Locations with the Fewest New Listings in December 2012 1. Valleyview: 0 2. Lithopolis: 1 3. Sunbury: 2 4. Minerva Park: 2 5. Obetz: 3 6. Johnstown Monroe LSD: 5 7. Jefferson LSD: 8 8. German Village: 8 9. Hamilton LSD: 8 10. Whitehall: 11 11. Granville CSD: 12
Total New Listings in the Columbus Metro in December 2012: 2,002 Overall Metro New Listings % Change December 2011-December 2012: +10.5%
Overall, prices are slightly down as supply is currently outstripping demand.
For more information on the local market, go here: Columbus Realtors
