Columbus Housing Market April 2013



Columbus housing market April 2013 Columbus, Ohio

The Columbus Board of Realtors released home sales data for April and YTD recently. Their area covers an area a bit larger than the Columbus metro, so I tried to stick with just those areas within it. I also tried to avoid capturing essentially the same area (school district vs city boundary). There are a few exceptions where I wanted to highlight specific areas or neighborhoods of Columbus.

LSD=Local school district
CSD=City school district

Top 10 Home Sales % Change since April 2012
1. Bexley city: +137.5%
2. Sunbury city: +125.0%
3. Delaware LSD: +82.4%
4. Lancaster CSD: +74.2%
5. Hilliard city: +66.7%
6. Marysville CSD: +64.3%
7. Pataskala city: +57.1%
8. London CSD: +50.0%
9. Upper Arlington CSD: +48.9%
10. South-Western CSD: +47.8%

Top 10 Home Sales % Change 2013 Year to Date
1. Sunbury city: +78.6%
2. Lithopolis city: +66.7%
3. Bexley city: +50.0%
4. Gahanna city: +46.1%
5. Hilliard city: +45.5%
6. Delaware CSD: +44.3%
7. Westerville city: +40.3%
8. Whitehall city: +37.5%
9. Marysville CSD: +36.7%
10. Lancaster CSD: +36.0%

Bottom 10 Home Sales % Change since April 2012
1. Powell city: -55.6%
2. Minerva Park city: -50.0%
3. Whitehall city: -42.9%
4. German Village: -36.4%
5. Downtown: -29.6%
6. Obetz city: -20.0%
7. New Albany city: -14.3%
8. Worthington city: -12.5%
9. Grandview Heights city: -11.1%
10. Circleville CSD: -11.1%

Bottom 10 Home Sales % Change 2013 Year to Date
1. Obetz city: -61.9%
2. Granville CSD: -31.3%
3. Worthington city: -11.3%
4. New Albany city: -5.8%
5. Grandview Heights city: -3.7%
6. Valleyview city: 0.0%
7. Powell city: +3.7%
8. Canal Winchester CSD: +3.9%
9. Newark CSD: +10.1%
10. Johnstown CSD: +11.5%

So it looks like, so far… in the urban core, Bexley, Upper Arlington and Whitehall are all having a good sales year, while Worthington and Grandview Heights are not. Downtown had a bad April, but is doing well for the year. Same with German Village. Suburbs performing well include Delaware, Hilliard and Sunbury. Those performing badly include New Albany and Powell.

Top 10 Turnover (Average # of Days on the Market before Sold) in April 2013
1. Valleyview city: 0 Days
2. Plain City CSD: 25 Days
3. Sunbury city: 27 Days
4. German Village: 29 Days
4. Obetz city: 29 Days
4. Worthington city: 29 Days
5. Powell city: 43 Days
6. Upper Arlington CSD: 47 Days
7. Beechwold/Clintonville: 49 Days
8. Gahanna city: 52 Days
8. Pataskala city: 52 Days
9. Lithopolis city: 54 Days
10. Grandview Heights city: 56 Days

Bottom 10 Turnover for April 2013
1. Circleville CSD: 164 Days
2. London CSD: 131 Days
3. Newark CSD: 123 Days
4. Minerva Park city: 116 Days
5. Downtown: 105 Days
6. Marysville CSD: 102 Days
7. Lancaster CSD: 98 Days
8. Delaware CSD: 92 Days
9. Blacklick: 88 Days
10. Bexley city: 80 Days

Top 10 Turnover 2013 Year to Date
1. Worthington city: 42 Days
2. Plain City CSD: 46 Days
3. Obetz city: 48 Days
4. Upper Arlington CSD: 60 Days
5. Pickerington city: 65 Days
6. Pataskala city: 67 Days
6. Whitehall city: 67 Days
7. Beechwold/Clintonville: 68 Days
7. Grandview Heights city: 68 Days
7. Minerva Park city: 68 Days
8. Groveport LSD: 69 Days
8. Reynoldsburg LSD: 69 Days
8. South Western CSD: 69 Days
9. German Village: 70 Days
9. Powell city: 70 Days
9. Westerville city: 70 Days
9. Worthington city: 70 Days
10. Columbus city: 72 Days

Bottom 10 Turnover 2013 Year to Date
1. Valleyview city: 151 Days
2. Circleville CSD: 148 Days
3. Newark CSD: 117 Days
4. London CSD: 115 Days
5. Bexley city: 97 Days
6. Lancaster CSD: 96 Days
7. Delaware CSD: 90 Days
7. Hilliard city: 90 Days
7. New Albany city: 90 Days
8. Johnstown LSD: 89 Days
9. Downtown: 87 Days
9. Lithopolis city: 87 Days
9. Marysville CSD: 87 Days
10. West Jefferson LSD: 86 Days

# of Months Total On-Market Housing Supply Would Last if No Other Homes Became Available, April 2013- Top 10
1. Valleyview city: 1.6 Months
2. Worthington city: 1.8 Months
3. Grandview Heights city: 2.0 Months
4. Upper Arlington CSD: 2.3 Months
5. Sunbury city: 2.5 Months
6. Hilliard city: 2.7 Months
7. Beechwold/Clintonville: 2.8 Months
8. Powell city: 2.9 Months
8. Westerville city: 2.9 Months
9. Gahanna city: 3.1 Months
10. Johnstown LSD: 3.2 Months

And Bottom 10
1. Granville CSD: 9.2 Months
2. London CSD: 8.7 Months
3. Circleville CSD: 8.6 Months
4. Newark CSD: 7.4 Months
5. Pataskala city: 5.9 Months
6. Lancaster CSD: 5.8 Months
7. Obetz city: 5.0 Months
8. South Western CSD: 4.8 Months
9. Canal Winchester CSD, Marysville CSD, New Albany city, Reynoldsburg CSD: 4.6 Months
10. Columbus city, Grove City city: 4.5 Months

With the supply numbers, generally anything around 5 months is considered a healthy supply. Well over and the market is saturated, well under it’s undersupplied. For the record, Downtown’s supply is 4.1 months.

Top 10 Average Sales Price % Change Year to Date
1. Valleyview city: +52.3%
2. Circleville CSD: +29.8%
3. Johnstown LSD: +26.7%
4. Minerva Park city: +23.7%
5. Gahanna city: +22.6%
6. Marysville CSD: +22.3%
7. Downtown: +19.9%
8. Lancaster CSD: +17.6%
9. Reynoldsburg CSD: +14.0%
10. Bexley city: +11.3%

Bottom 10
1. Grandview Heights city: -26.1%
2. Pataskala city: -22.3%
3. Obetz city: -15.6%
4. Granville CSD: -10.9%
5. Sunbury city: -10.8%
6. Blacklick: -10.5%
7. German Village: -5.3%
8. New Albany city: -3.5%
9. Westerville city: -3.2%
10. Plain City LSD: -1.9%

If you don’t see a market listed you’re curious about, check out the April 2013 Market Report may have what you’re looking for.