In this edition of the Columbus Housing Market July 2013, we see from Columbus Realtorsthat the housing market has been pretty white hot, and metro area sales set monthly records in July with an increase over 28%. July also featured the 3rd highest sales of any month on record.
I looked at the 21 major areas of Franklin County (11 urban, 10 suburban). Here is what the July market looked like.
Top 10 July Sales Totals
1. Columbus: 1,055
2. Dublin: 95
3. Upper Arlington: 91
4. Clintonville: 85
5. Westerville: 68
6. Grove City: 66
7. Hilliard: 60
8. Reynoldsburg: 46
9. Gahanna: 42
10. Pickerington: 38
Top 10 July Sales Increases Over July 2012
1. Minerva Park: +300.0%
2. German Village: +154.5%
3. Grove City: +83.3%
4. Reynoldsburg: +70.4%
5. Canal Winchester: +60.0%
6. Whitehall: +55.6%
7. Pataskala: +41.2%
8. Clintonville: +37.1%
9. Columbus: +35.8%
10. New Albany: +32.0%
Top 10 Total YTD Sales Through July
1. Columbus: 6,072
2. Dublin: 480
3. Upper Arlington: 447
4. Clintonville: 423
5. Westerville: 375
6. Grove City: 363
7. Hilliard: 338
8. Gahanna: 315
9. Reynoldsburg: 310
10. Pickerington: 203
Top 10 YTD Sales Increases Through over July 2012
1. Whitehall: +42.7%
2. Hilliard: +42.0%
3. Bexley: +38.7%
4. Reynoldsburg: +36.6%
5. Pataskala: +35.9%
6. German Village: +34.7%
7. Pickerington: +34.4%
8. Minerva Park: +31.3%
9. Clintonville: +31.0%
10. Westerville: +29.8%
Average Sales July 2013
Urban: 124.7
Suburban: 50.4
Urban without Columbus: 31.7
Average % Change July 2013 vs. July 2012
Urban: +48.3%
Suburban: +35.0%
Urban without Columbus: +54.0%
Average Sales YTD Through July
Urban: 699.1
Suburban: 283.4
Urban without Columbus: 161.8
Average % Change YTD vs. YTD 2012 (Through July)
Urban: +19.7%
Suburban: +28.2%
Urban without Columbus: +18.8%
Top 10 Average Sales Price
1. New Albany: $563,891
2. Upper Arlington: $389,264
3. Bexley: $370,056
4. Dublin: $350,545
5. Downtown: $329,266
6. German Village: $325,721
7. Worthington: $272,706
8. Grandview Heights: $254,470
9. Hilliard: $240,506
10. Westerville: $209,706
Top 10 Average Sales Price % Increases vs. July 2012
1. Upper Arlington: +22.3%
2. Hilliard: +18.7%
3. Grandview Heights: +13.1%
4. Downtown: +12.5%
5. Pickerington: +12.4%
6. Pataskala: +11.6%
7. Canal Winchester: +11.3%
8. Worthington: +7.5%
9. Dublin: +6.7%
10. Columbus: +6.5%
Top 10 Average Sales Price YTD
1. New Albany: $545,545
2. Upper Arlington: $355,993
3. Bexley: $347,920
4. Dublin: $333,285
5. German Village: $310,179
6. Downtown: $285,807
7. Worthington: $243,009
8. Grandview Heights: $219,100
9. Hilliard: $218,104
10. Gahanna: $202,527
Top 10 Average YTD Sales Price % Change vs. YTD 2012
1. Whitehall: +33.5%
2. Downtown: +18.6%
3. Gahanna: +13.8%
4. Minerva Park: +13.0%
5. Upper Arlington: +12.4%
6. Reynoldsburg: +9.9%
7. New Albany: +9.1%
8. Hilliard: +5.5%
9. Gahanna: 5.0%
10. Canal Winchester: +4.9%
Average Price July 2013
Urban: $230,605
Suburban: $236,871
Urban without Columbus: $239,388
Average Price % Change vs. July 2012
Urban: +1.8%
Suburban: +6.3%
Urban without Columbus: +1.3%
Average Price YTD
Urban: $214,207
Suburban: $223,511
Urban without Columbus: $223,053
Average Price % Change YTD vs. YTD 2012
Urban: +6.3%
Suburban: +5.0%
Urban without Columbus: +6.6%
Top 10 Fastest Selling Markets July 2013 (based on # of Days listings sell)
1. Grandview Heights: 9
2. Obetz: 9
3. Hilliard: 25
4. Worthington: 26
5. Upper Arlington: 29
6. Bexley: 31
7. Westerville: 38
8. Reynoldsburg: 40
9. New Albany: 42
10. Clintonville: 44
Top 10 Fastest Selling Markets YTD
1. Worthington: 36
2. Grandview Heights: 47
3. Upper Arlington: 47
4. Clintonville: 56
5. Westerville: 56
6. Hilliard: 58
7. Dublin: 59
8. New Albany: 60
9. Gahanna: 62
10. Pataskala: 62
Average # of Days before Sale, July 2013
Urban: 49.8
Suburban: 48.7
Urban without Columbus: 48.8
Average # of Days before Sale, YTD
Urban: 64.6
Suburban: 62.3
Urban without Columbus: 64.4
Top 10 Lowest Housing Supplies (based on # of months to sell all listings), July 2013
1. Worthington: 1.9
2. Grandview Heights: 2.4
3. Upper Arlington: 2.4
4. Clintonville: 2.5
5. Hilliard: 2.7
6. Westerville: 2.8
7. Dublin: 3.1
8. Bexley: 3.2
9. Gahanna: 3.6
10. Downtown: 4.0
Average # of Months to Sell All Listings
Urban: 3.7
Suburban: 4.2
Urban without Columbus: 3.6
Average % Change of Single-Family Home Sales, July 2013 vs. July 2012
Urban: +55.0%
Suburban: +33.4%
Urban without Columbus: +58.0%
Average % Change of Condo Sales, July 2013 vs. July 2012
Urban: +78.4%
Suburban: +89.0%
Urban without Columbus: +82.3%
Average % Change of Single-Family Home Sales YTD vs. YTD 2012
Urban: +14.4%
Suburban: +28.5%
Urban without Columbus: +13.0%
Average % Change of Condo Sales YTD vs. YTD 2012
Urban: +42.8%
Suburban: +32.7%
Urban without Columbus: +44.0%
Seems like most areas are doing fairly well, including the urban core. Of course, these number do not measure rentals, which is what is really booming right now in the residential scene.