Housing Market Update March 2013




housing market update March 2013

This Columbus housing market update for March 2013 includes an expansion of data, specifically the time it takes for homes to sell on the current market.

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 March 2013
1. New Albany: $471,000
2. Dublin: $330,000
3. Powell: $317,000
4. New Albany Plain LSD: $316,000
5. Upper Arlington CSD: $302,450
6. Olentangy LSD: $291,250
7. Granville CSD: $282,050
8. Downtown: $269,000
9. German Village: $267,250
10. Dublin CSD: $266,500
11. Hilliard: $250,000
12. Big Walnut LSD: $245,000
13. Buckeye Valley LSD: $243,000
14. Johnstown Monroe LSD: $207,250
15. Bexley: $205,000

Top 15 Least Expensive Locations by Median Sales Price in March 2013
1. Whitehall: $45,250
2. Obetz: $56,450
3. Groveport Madison LSD: $63,625
4. Hamilton LSD: $66,750
5. Columbus CSD: $85,000
6. Lancaster CSD: $89,550
7. Newark CSD: $89,900
8. South-Western CSD: $100,000
9. Columbus: $103,250
10. Sunbury: $106,900
11. Reynoldsburg CSD: $115,000
12. Jefferson LSD: $122,000
13. Blacklick: $123,500
14. London CSD: $128,000
15. Grandview Heights: $136,000

Whitehall was the cheapest market yet again, though its median prices have been going up slowly.

Overall Market Median Sales Price in March 2013: $139,028

Top 15 Locations with the Highest Median Sales Price % Growth Between March 2012 and March 2013
1. Minerva Park: +223.8%
2. Jonathan Alder LSD: +99.0%
3. Circleville CSD: +63.3%
4. Buckeye Valley LSD: +59.3%
5. Johnstown Monroe LSD: +53.5%
6. Reynoldsburg CSD: +47.4%
7. Hilliard: +47.1%
8. Downtown: +34.6%
9. Big Walnut LSD: +31.5%
10. Westerville CSD: +28.3%
11. Powell: +28.1%
12. Gahanna: +22.0%
13. Olentangy LSD: +18.4%
14. Marysville CSd: +14.8%
15. Worthington: +13.9%

Downtown continued to do well, but otherwise few places inside 270 did.

Top 15 Locations with the Lowest Median Sales Price % Growth Between March 2012 and March 2013
1. Grandview Heights: -43.7%
2. Sunbury: -42.6%
3. Obetz: -29.3%
4. Whitehall: -24.3%
5. Bexley: -21.1%
6. Lithopolis: -20.1%
7. Hamilton LSD: -15.8%
8. Blacklick: -12.0%
9. Pataskala: -9.2%
10. Delaware CSD: -5.3%
11. Gahanna Jefferson CSD: -5.1%
12. Beechwold/Clintonville: -4.1%
13. South-Western CSD: -2.9%
14. London CSD: -1.9%
15. Columbus CSD: -1.0%

Overall Market Median Sales Price % Change March 2012 vs. March 2013: +9.9%

Top 10 Locations with the Most New Listings in March 2013
1. Columbus: 1,309
2. Columbus CSD: 811
3. South-Western CSD: 221
4. Olentangy LSD: 197
5. Hilliard CSD: 195
6. Westerville CSD: 185
7. Dublin CSD: 140
8. Pickerington LSD: 100
9. Worthington CSD: 97
10. Dublin: 93

Top 10 Locations with the Fewest New Listings in March 2013
1. Valleyview: 1
2. Lithopolis: 2
3. Minerva Park: 4
4. Jefferson LSD: 6
5. Johnstown Monroe LSD: 8
6. Jonathan Alder LSD: 9
7. Obetz: 10
8. Hamilton LSD: 13
9. Grandview Heights: 14
10. Sunbury: 17
11. Circleville CSD: 17

Total New Listings in the Columbus Metro in March 2013: 3,222
Overall Metro New Listings % Change March 2012-March 2013: +0.2%

Prices were up almost 10% year over year for the month despite a small increase in overall supply.

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Minerva Park: 3
2. Worthington: 29
3. Granville CSD: 35
4. Jonathan Alder LSD: 36
5. Upper Arlington CSD: 51
6. Downtown: 54
7. Pickerington: 54
8. Pickerington LSD: 60
9. Dublin CSD: 61
10. Grandview Heights: 63
11. Groveport Madison LSD: 63
12. Reynoldsburg CSD: 63
13. South-Western CSD: 63
14. Grove City: 65
15. Powell: 65

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Bexley: 188
2. Circleville CSD: 168
3. Sunbury: 163
4. Lancaster CSD: 140
5. Big Walnut LSD: 129
6. Hilliard: 125
7. Lithopolis: 121
8. Newark CSD: 120
9. Obetz: 119
10. Gahanna: 117

The Columbus Realtors provides market condition reports going back many years.



Housing Market Update January 2013




housing market update January 2013

Columbus housing market update January 2013

We’re starting a new year in this edition of the Columbus Housing Market Update, with new January 2013 data now available!

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 January 2013
1. New Albany: $447,500
2. Powell: $342,500
3. Upper Arlington CSD: $320,000
4. New Albany Plain LSD: $314,400
5. Dublin: $284,00
6. Bexley: $269,950
7. Olentangy LSD: $250,101
8. German Village: $241,618
9. Worthington: $228,938
10. Grandview Heights: $223,000
11. Downtown: $210,000
12. Granville CSD: $207,000
13. Dublin CSD: $190,450
14. Big Walnut LSD: $187,000
15. Marysville CSD: $182,000

New Albany continued to be the most expensive market.

Top 15 Least Expensive Locations by Median Sales Price in January 2013
1. Whitehall: $29,750
2. Hamilton LSD: $54,500
3. Columbus CSD: $68,500
4. Groveport Madison LSD: $70,000
5. Lancaster CSD: $71,250
6. Valleyview: $79,850
7. Newark CSD: $84,500
8. Reynoldsburg CSD: $94,500
9. Columbus: $95,000
10. Jefferson LSD: $95,000
11. South-Western CSD: $103,000
12. Circleville CSD: $109,000
13. Canal Winchester CSD: $112,000
14. Pataskala: $120,000
15. London CSD: 122,000

Whitehall was by far the cheapest market to buy into this month.

Overall Market Median Sales Price in January 2013: $120,885

Top 15 Locations with the Highest Median Sales Price % Growth Between January 2012 and January 2013
1. Newark CSD: +83.3%
2. Valleyview: +76.5%
3. Lithopolis: +71.1%
4. Circleville CSD: +61.4%
5. Groveport Madison LSD: +60.9%
6. Marysville CSD: +38.8%
7. London CSD: +34.8%
8. New Albany: +29.7%
9. Columbus CSD: +28.0%
10. Grandview Heights: +27.4%
11. Columbus: +26.7%
12. Upper Arlington CSD: +24.3%
13. Downtown: +19.3%
14. Sunbury: +18.4%
15. South-Western CSD: +16.1%

Downtown and Columbus overall made the top markets for appreciation in the past year.

Top 15 Locations with the Lowest Median Sales Price % Growth Between January 2012 and January 2013
1. Granville CSD: -50.7%
2. Jonathan Alder LSD: -33.0%
3. Westerville: -29.2%
4. Dublin CSD: -23.3%
5. Hamilton LSD: -21.6%
6. Jefferson LSD: -20.8%
7. Big Walnut LSD: -19.7%
8. Bexley: -17.6%
9. Gahanna: -17.0%
10. Johnstown Monroe LSD: -16.2%
11. Westerville CSD: -14.8%
12. Worthington CSD: -12.5%
13. German Village: -10.5%
14. Grove City: -6.4%
15. Whitehall: -4.9%

Overall Market Median Sales Price % Change January 2012 vs. January 2013: +8.6%

Top 10 Locations with the Most New Listings in January 2013
1. Columbus: 957
2. Columbus CSD: 605
3. South-Western CSD: 210
4. Olentangy LSD: 146
5. Hilliard CSD: 126
6. Westerville CSD: 109
7. Dublin CSD: 94
8. Pickerington LSD: 81
9. Grove City: 66
10. Groveport Madison LSD: 65

Top 10 Locations with the Fewest New Listings in January 2013
1. Valleyview: 1
2. Minerva Park: 1
3. Lithopolis: 2
4. Jefferson LSD: 3
5. Obetz: 6
6. Jonathan Alder LSD: 8
7. Grandview Heights: 9
8. Sunbury: 10
9. Johnstown Monroe LSD: 10
10. Hamilton LSD: 12
11. Whitehall: 15

Total New Listings in the Columbus Metro in January 2013: 2,388
Overall Metro New Listings % Change January 2012-January 2013: -3.7%

This month, prices increased as overall supply slipped.

For more information on the local market, go here: Columbus Realtors