Housing Market Update December 2013



housing market update December 2013 Columbus, Ohio

December ended a 2-month decline in home sales for the area, with overall sales up 2.5% according to the Housing Market Update December 2013 data from Columbus Realtors.

Here are the stats for the 21 major areas of Franklin County that I look at housing stats for.

Top 10 December 2013 Sales Totals
1. Columbus: 657
2. Westerville: 47
3. Dublin: 45
4. Clintonville: 42
5. Upper Arlington: 41
6. Grove City: 39
7. Reynoldsburg: 38
8. Gahanna: 31
9. Hilliard: 22
10. Pickerington: 18

Top 10 December 2013 Sales Increases over December 2012
1. Minerva Park: +200.0%
2. Obetz: +200.0%
3. Reynoldsburg: +72.7%
4. Clintonville: +55.6%
5. Gahanna: +55.0%
6. Pataskala: +27.3%
7. Dublin: +15.4%
8. German Village: +10.0%
9. Worthington: +6.3%
10. Columbus: +3.8%

Top 10 Year-to-Date Sales Through December 2013
1. Columbus: 10,267
2. Dublin: 797
3. Upper Arlington: 719
4. Clintonville: 701
5. Westerville: 630
6. Grove City: 609
7. Hilliard: 556
8. Gahanna: 526
9. Reynoldsburg: 505
10. Pickerington: 312

Top 10 Year-to-Date Increases Through December 2013 Over 2012
1. Minerva Park: +51.9%
2. Gahanna: +31.8%
3. Pataskala: +31.0%
4. Reynoldsburg: +30.8%
5. Whitehall: +27.3%
6. Clintonville: +26.3%
7. Hilliard: +23.6%
8. Whitehall: +23.4%
9. Westerville: +21.9%
10. Bexley: +21.5%

Average Sales December 2013
Urban: 74.5
Suburban: 28.2
Urban without Columbus: 14.7

Average % Change December 2013 vs. December 2012
Urban: +40.5%
Suburban: +6.4%
Urban without Columbus: +44.2%

Average YTD Sales Through December 2013
Urban: 1,177.1
Suburban: 466.5
Urban without Columbus: 268.1

Average YTD % Change YTD Through December 2013
Urban: +15.7%
Suburban: +19.4%
Urban without Columbus: +15.3%

Top 10 Average Sales Price December 2013
1. New Albany: $563,187
2. Upper Arlington: $377,943
3. Bexley: $376,592
4. Dublin: $351,279
5. Downtown: $314,583
6. German Village: $303,136
7. German Village: $271,656
8. Hilliard: $249,811
9. Worthington: $232,741
10. Clintonville: $223,250

Top 10 Average Sales Price % Change December 2013 Over December 2012
1. Whitehall: +37.3%
2. New Albany: +32.8%
3. Pataskala: +29.6%
4. Reynoldsburg: +26.3%
5. Upper Arlington: +25.8%
6. Clintonville: +25.3%
7. Bexley: +23.7%
8. Hilliard: +21.9%
9. Gahanna: +19.6%
10. Dublin: +13.1%

Top 10 Average Sales Prices YTD Through December 2013
1. New Albany: $542,634
2. Upper Arlington: $365,143
3. Bexley: $352,214
4. Dublin: $336,048
5. German Village: $298,199
6. Downtown: $287,976
7. Worthington: $248,857
8. Grandview Heights: $223,185
9. Hilliard: $217,078
10. Gahanna: $199,546

Top 10 Average YTD Sales Price % Change Through December 2013 vs. 2012
1. Whitehall: +18.9%
2. Downtown: +14.0%
3. Minerva Park: +14.0%
4. Upper Arlington: +13.8%
5. Gahanna: +12.1%
6. New Albany: +9.8%
7. Reynoldsburg: +9.6%
8. Obetz: +9.0%
9. Worthington: +7.5%
10. Bexley: +5.8%

Average Sales Price December 2013
Urban: $218,764
Suburban: $233,048
Urban without Columbus: $227,832

Average Sales Price Change December 2012 vs. December 2012
Urban: -1.6%
Suburban: +15.5%
Urban without Columbus: -2.9%

Average Sales Price YTD
Urban: $217,056
Suburban: $224,060
Urban without Columbus: $226,017

Average Sales Price % Change YTD
Urban: +5.6%
Suburban: +5.6%
Urban without Columbus: +5.7%

Top 10 Fastest Selling Markets December 2013 (Based on Average # of Days for Listings to Sell)
1. Bexley: 26
2. Obetz: 42
3. New Albany: 47
4. Hilliard: 50
5. Clintonville: 51
6. Pataskala: 57
7. Gahanna: 58
8. Upper Arlington: 58
9. Reynoldsburg: 61
10. Grove City: 63

Top 10 Fastest Selling Markets YTD
1. Worthington: 42
2. Upper Arlington: 46
3. Grandview Height: 49
4. Clintonville: 50
5. Westerville: 53
6. Hilliard: 54
7. Bexley: 57
8. Gahanna: 59
9. Dublin: 63
10. Grove City: 64

Average # of Days Before Sale, December 2013
Urban: 73.4
Suburban: 63.9
Urban without Columbus: 73.8

Average # of Days Before Sale YTD
Urban: 61.3
Suburban: 62.9
Urban without Columbus: 60.9

Top 10 Lowest Market Housing Supplies (Based on # of Months to Sell all Listings)
1. Worthington: 1.2
2. Bexley: 1.8
3. Clintonville: 1.9
4. Hilliard: 1.9
5. Upper Arlington: 1.9
6. Grandview Heights: 2.1
7. Westerville: 2.1
8. Gahanna: 2.2
9. Minerva Park: 2.2
10. German Village: 2.3

A healthy housing supply is considered to be around 5 months. Anything less than 3 months is considered very low. All of the 21 areas I looked at were below 5 months, indicating a county-wide shortage. This shortage has only deepened over the last year, with December having the lowest number of available homes in nearly 15 years.

Average # of Months to Sell All Listings, December 2013
Urban: 2.7
Suburban: 3.2
Urban without Columbus: 2.6

Average % Change of Single-Family Home Sales December 2013 vs. December 2012
Urban: +28.5%
Suburban: +14.3%
Urban without Columbus: +30.8%

Average % Change of Single-Family Home Sales YTD vs. YTD 2012
Urban: +9.8%
Suburban: +19.0%
Urban without Columbus: +8.8%

Average % Change of Condo Sales December 2013 vs. December 2012
Urban: +20.5%
Suburban: -4.2%
Urban without Columbus: +20.5%

Average % Change of Condo Sales YTD vs. YTD 2012
Urban: +29.0%
Suburban: +23.5%
Urban without Columbus: +29.9%



Columbus Housing Market October 2013



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%