Unfortunately, I have been unable to update this site for about a month, but I am back now and have quite a bit to add. First, I have the numbers for the local Housing Market Update February 2014. Due to changes in the way the numbers were gotten, January’s were not available. I still do them for 21 major areas of Franklin County, however, and here they are. As always, the data is from Columbus Realtors.
Top 10 February 2014 Sales Totals
1. Columbus: 535
2. Grove City: 39
3. Westerville: 36
4. Upper Arlington: 33
5. Dublin: 31
6. Hilliard: 30
7. Reynoldsburg: 29
8. Clintonville: 28
9. Gahanna: 23
10. Downtown: 14
Top 10 February 2014 Sales Increases over February 2013
1. Obetz: +200.0%
2. Westerville: +38.5%
3. Grove City: +14.7%
4. German Village: +10.0%
5. Hilliard: +7.1%
6. Gahanna: +0.0%
7. New Albany: +0.0%
8. Upper Arlington: +0.0%
9. Whitehall: +0.0%
10. Downtown: -6.7%
Top 10 Year-to-Date Sales Through February 2014
1. Columbus: 1,076
2. Dublin: 72
3. Grove City: 65
4. Clintonville: 62
5. Reynoldsburg: 59
6. Westerville: 59
7. Upper Arlington: 55
8. Hilliard: 54
9. Gahanna: 40
10. Canal Winchester: 29
Top 10 Year-to-Date Increases Through February 2014 Over 2013
1. Obetz: +300.0%
2. Pataskala: +20.8%
3. Worthington: +8.0%
4. German Village: +6.7%
5. Reynoldsburg: +3.5%
6. Grove City: +3.2%
7. Westerville: -1.7%
8. Hilliard: -1.8%
9. Clintonville: -6.1%
10. Columbus: -6.8%
Average Sales February 2014
Urban: 60.1
Suburban: 22.9
Urban without Columbus: 12.6
Average % Change February 2014 vs. February 2013
Urban: -1.1%
Suburban: -7.1%
Urban without Columbus: -0.2%
Average YTD Sales Through February 2014
Urban: 120
Suburban: 45.1
Urban without Columbus: 24.4
Average YTD % Change YTD Through February 2014
Urban: +11.8%
Suburban: -9.4%
Urban without Columbus: +13.7%
Top 10 Average Sales Price February 2014
1. New Albany: $641,524
2. Bexley: $460,307
3. Upper Arlington: $378,852
4. Dublin: $334,967
5. Grandview: $318,667
6. Downtown: $302,720
7. German Village: $232,014
8. Worthington: $227,422
9. Westerville: $209,149
10. Hilliard: $199,724
Top 10 Average Sales Price % Change February 2014 vs. February 2013
1. Grandview: +68.6%
2. Pataskala: +47.1%
3. Upper Arlington: +46.5%
4. Bexley: +46.1%
5. Pickerington: +28.6%
6. Westerville: +25.9%
7. Obetz: +25.0%
8. Reynoldsburg: +19.9%
9. Canal Winchester: +17.6%
10. Hilliard: +13.1%
Top 10 Average Sales Prices YTD Through February 2014
1. New Albany: $515,036
2. Bexley: $418,680
3. Upper Arlington: $343,026
4. Dublin: $326,231
5. Downtown: $314,042
6. German Village: $309,343
7. Grandview: $251,136
8. Worthington: $231,133
9. Westerville: $205,636
10. Hilliard: $200,965
Top 10 Average YTD Sales Price % Change Through February 2014 vs. 2013
1. Pataskala: +36.2%
2. Whitehall: +35.5%
3. Bexley: +31.7%
4. Grandview: +26.1%
5. German Village: +22.2%
6. Downtown: +20.0%
7. Pickerington: +18.3%
8. Westerville: +15.8%
9. Canal Winchester: +15.2%
10. Reynoldsburg: +15.1%
Average Sales Price February 2014
Urban: $228,596
Suburban: $235,812
Urban without Columbus: $239,422
Average Sales Price Change February 2014 vs. February 2013
Urban: +15.9%
Suburban: +17.1%
Urban without Columbus: +16.9%
Average Sales Price YTD
Urban: $222,639
Suburban: $220,917
Urban without Columbus: $232,886
Average Sales Price % Change YTD
Urban: +13.0%
Suburban: +13.3%
Urban without Columbus: +13.0%
Top 10 Fastest Selling Markets February 2014 (Based on Average # of Days for Listings to Sell)
1. Grandview: 39
2. Clintonville: 57
3. Obetz: 62
4. Worthington: 70
5. Pataskala: 74
6. Hilliard: 78
7. Upper Arlington: 83
8. Westerville: 88
9. Pickerington: 89
10. Columbus: 91
Top 10 Fastest Selling Markets YTD
1. Worthington: 50
2. Grandview: 58
3. Pickerington: 60
4. Clintonville: 64
5. Obetz: 64
6. Hilliard: 66
7. Whitehall: 66
8. Upper Arlington: 73
9. Gahanna: 85
10. Westerville: 87
Average # of Days Before Sale, February 2014
Urban: 86.2
Suburban: 104.4
Urban without Columbus: 85.7
Average # of Days Before Sale YTD
Urban: 81.1
Suburban: 89.1
Urban without Columbus: 80.4
Top 10 Lowest Market Housing Supplies (Based on # of Months to Sell all Listings)
1. Worthington: 1.0
2. Hilliard: 1.6
3. Upper Arlington: 1.7
4. Westerville: 1.7
5. Clintonville: 1.8
6. Gahanna: 1.9
7. German Village: 1.9
8. Grandview: 2.0
9. Obetz: 2.2
10. Bexley and Dublin: 2.4
A healthy housing supply is considered to be around 5 months. Anything less than 3 months is considered very low.
Average # of Months to Sell All Listings, February 2014
Urban: 2.3
Suburban: 2.9
Urban without Columbus: 2.3
Average % Change of Single-Family Home Sales February 2014 vs. February 2013
Urban: +15.0%
Suburban: -7.7%
Urban without Columbus: +17.0%
Average % Change of Single-Family Home Sales YTD vs. YTD 2013
Urban: +3.0%
Suburban: -10.3%
Urban without Columbus: +4.0%
Average % Change of Condo Sales February 2014 vs. February 2013
Urban: -21.0%
Suburban: +7.0%
Urban without Columbus: -21.8%
Average % Change of Condo Sales YTD vs. YTD 2013
Urban: +20.6%
Suburban: +23.7%
Urban without Columbus: +23.0%
