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Columbus Housing Market October 2013

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Columbus Housing Market October 2013

The latest numbers for the Columbus housing market from Columbus Realtors.

LSD=Local school district
CSD=City school district

Top 15 Most Expensive Locations by Median Sales Price in October 2013
1. New Albany: $445,900
2. Upper Arlington CSD: $358,000
3. Downtown: $330,000
4. Powell: $305,000
5. Dublin: $302,125
6. Jefferson LSD: $292,500
7. Olentangy LSD: $288,500
8. Granville CSD: $272,000
9. New Albany Plain LSD: $262,500
10. Worthington: $249,900
11. Buckeye Valley LSD: $246,250
12. Big Walnut LSD: $238,500
13. Beechwold/Clintonville: $230,000
14. Bexley: $225,875
15. German Village: $217,500

Top 15 Least Expensive Locations by Median Sales Price in October 2013
1. Whitehall: $42,500
2. Lancaster CSD: $75,250
3. Hamilton LSD: $83,450
4. Columbus CSD: $84,200
5. Newark CSD: $87,450
6. Groveport Madison LSD: $90,150
7. London CSD: $94,500
8. South-Western CSD: $95,000
9. Columbus: $104,500
10. Circleville CSD: $110,250
11. Blacklick: $134,251
12. Obetz: $134,950
13. Canal Winchester CSD: $135,000
14. Grove City: $135,000
15. Reynoldsburg CSD: $136,200

Overall Metro Median Sales Price in October 2013: $149,302
Median Sales Price Change October 2012-October 2013: -$3,183

Top 15 Locations with the Highest Median Sales Price % Growth Between October 2012-October 2013
1. Hamilton LSD: +85.4%
2. Jefferson LSD: +69.8%
3. Downtown: +63.8%
4. Reynoldsburg CSD: +54.4%
5. Obetz: +51.8%
6. Jonathan Alder LSD: +50.4%
7. Sunbury: +36.5%
8. Beechwold/Clintonville: +28.6%
9. Westerville CSD: +20.2%
10. Minerva Park: +19.4%
11. Marysville CSD: +19.4%
12. Lithopolis: +19.0%
13. Northridge LSD: +17.4%
14. Circleville CSD: +16.7%
15. Granville CSD: +15.6%

Top 15 Locations with the Lowest Median Sales Price % Growth Between October 2012-October 2013
1. German Village: -16.3%
2. Lancaster CSD: -16.3%
4. Buckeye Valley LSD: -14.9%
5. New Albany Plain LSD: -14.6%
6. Canal Winchester CSD: -14.6%
7. Grandview Heights: -14.2%
8. Hilliard: -12.8%
9. South-Western CSD: -11.4%
10. London CSD: -11.3%
11. Dublin CSD: -10.8%
12. Dublin: -10.3%
13. Whitehall: -7.6%
14. Gahanna Jefferson CSD: -5.6%
15. Johnstown Monroe LSD: -3.7%

Overall Metro Median Price % Change October 2012-October 2013: -2.1%

Top 10 Locations with the Most New Listings in October 2013
1. Columbus: 1,107
2. Columbus CSD: 691
3. Westerville CSD: 177
4. South-Western CSD: 169
5. Hilliard CSD: 158
6. Olentangy LSD: 157
7. Dublin CSD: 123
8. Groveport Madison LSD: 91
9. Worthington CSD: 79
10. Dublin: 73

Top 10 Locations with the Fewest New Listings in October 2013
1. Valleyview: 0
2. Lithopolis: 0
3. Minerva Park: 2
4. Jefferson LSD: 5
5. Obetz: 5
6. Sunbury: 5
7. Northridge LSD: 9
8. Jonathan Alder LSD: 9
9. German Village: 9
10. Grandview Heights: 10

Overall Metro New Listings in October 2013: 2,693
New Listings % Change October 2012-October 2013: +5.9%

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in October 2013
1. Johnstown Monroe LSD: 30
2. Powell: 31
3. Buckeye Valley LSD: 32
4. Grandview Heights: 39
5. Minerva Park: 42
6. Beechwold/Clintonville: 45
7. Northridge LSD: 45
8. Olentangy LSD: 46
9. Westerville: 46
10. Jonathan Alder LSD: 47

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Circleville CSD: 118
2. London CSD: 107
3. Lancaster CSD: 106
4. Obetz: 105
5. Hamilton LSD: 96
6. New Albany CSD: 91
7. Granville CSD: 84
8. Jefferson LSD: 82
9. Big Walnut LSD: 81
10. Hilliard: 78
11. Reynoldsburg: CSD: 78

Overall Metro Average # of Days on Market Before Sale: 74.7

Top 10 Locations with the Best Change in # of Days on the Market Before Sale October 2012-October 2013
1. Lithopolis: +522.2%
2. Minerva Park: -77.25
3. Johnstown Monroe LSD: -74.6%
4. Buckeye Valley LSD: -71.7%
5. Jonathan Alder LSD: -69.1%
6. Grandview Heights: -64.2%
7. Powell: -62.7%
8. German Village: -61.2%
9. Northridge LSD: -54.5%
10. Pickerington LSD: -47.0%

Top 10 Locations with the Worst Change in the # of Days on the Market Before Sale October 2012-October 2013
1. Hamilton LSD: +190.9%
2. Obetz: +150.0%
3. Lancaster CSD: +86.0%
4. Sunbury: +50.0%
5. Circleville CSD: +45.7%
6. London CSD: +27.4%
7. New Albany: +14.6%
8. Worthington: +13.7%
9. Granville CSD: +9.1%
10. New Albany CSD: +8.3%

Overall Metro # of Days on Market Before Sale % Change October 2012-October 2013: -24.9%



The Scioto Peninsula Project

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The Scioto Peninsula Project Columbus, Ohio

The Scioto Peninsula project is an in-planning-stage development that promised to be hugely transformational for both Downtown and all of Franklinton.

The history of the Scioto Peninsula in not really all that positive. Bounded by 315 to the west and on all other sides by the Scioto River directly across from Downtown, this area currently contains Veteran’s Memorial, COSI and not much else. Even as far back as the 1950s, a large chunk of the peninsula, especially around Central High School (which still exists as COSI), was just vacant land. Otherwise, what existed were warehouse buildings and other commercial buildings. What people lived there were mostly confined to a few public housing projects. Being so close to the Scioto River, the area repeatedly flooded over its history, especially in the Great Flood of 1913 and to a lesser extent in 1959. This prevented much development here and in Franklinton in general. Federal standards were actually in place that banned most new construction or even renovations to most types of buildings. This allowed all of Franklinton, including the Peninsula, to stagnate and go through steady decline.

Help was coming, however, in the form of a giant floodwall. Conceived as far back as the 1980s, the Franklinton Floodwall would not be completed until 2004. It took another 4-5 years before people began to seriously look at the area for redevelopment and then for that development to actually start taking place. Eastern Franklinton, so far, has been the focal point of that redevelopment, and a big project to help tie in Downtown with the neighborhood is the planned redevelopment of the Peninsula.

Almost all the buildings that existed in the ’50s are now gone, even the housing projects. COSI uses much of the land for parking, as does Veteran’s Memorial. The rest is grassy lots primed for redevelopment. Some projects have already taken place. The two new Downtown bridges at Main and Rich Streets provide a nice access onto the Peninsula, along with the Broad Street bridge. A 4th, a planned pedestrian bridge, will be located on the north end crossing from Vet’s Memorial to North Bank Park in the Arena District. This bridge is probably still a few years off, as there is another, large project planned. The low-head dams along the Scioto River in the Downtown area are going to be removed, starting sometime next year. This will lower the river level and create a more natural flowing waterway. It will also create acres of new riverfront parkland that new paths and landscaping will be added to. This will create an inviting, park setting to both sides of the river.

The Peninsula has been planned for redevelopment several times in the last 30 years, but there was a lack of momentum for urban projects for decades and no serious plans ever seemed to emerge. That was until the last 10 years, starting in 2002 with the first Downtown development plan by Mayor Coleman and the city. A new version was released in 2010 and contained a dozen projects planned to help Downtown become a destination again. While the Scioto Peninsula was not specifically mentioned, fixing the riverfront was. That’s where Scioto Mile park came from and is now a very popular spot for residents. With all this momentum, the Peninsula needed a serious plan. Right now, meetings are taking place and a development plan is now in the early stages. Some early ideas include a lot of residential, retail and entertainment space, along with a more interactive riverfront and even a transit station for light rail. The first draft of the plan is likely to be released in 2013 and construction could begin as early as 2014.

This project can be found in the Columbus Development links page, which provides a large and regularly-updated list of ongoing and proposed development across the area.