May home sales set a record for the month.
Through May, total sales are also way up, and were the 2nd highest for the 2000-2013 period.
The average May home sales price was the highest since 2006.
The average January-May sales price was also up.
To me, all this shows is that after the Recession’s downturn, housing in the Columbus area is seeing a strong recovery. In some cases, the recovery is already surpassing the market that existed pre-Recession.
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.
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.
The new Columbus Housing Market Update is now available for February 2013!
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 February 2013
1. New Albany: $459,000
2. Powell: $300,000
3. Olentangy LSD: $290,000
4. Dublin: $278,000
5. New Albany Plain LSD: $273,000
6. Upper Arlington CSD: $230,000
7. Downtown: $230,000
8. Bexley: $229,900
9. Dublin CSD: $226,500
10. German Village: $218,750
11. Granville CSD: $210,000
12. Buckeye Valley LSD: $209,155
13. Johnstown Monroe LSD: $201,250
14. Gahanna Jefferson CSD: $200,000
15. Gahanna: $200,000
Top 15 Least Expensive Locations by Median Sales Price in February 2013
1. Whitehall: $30,500
2. Jefferson LSD: $56,000
3. Hamilton LSD: $58,000
4. Valleyview: $58,000
5. Newark CSD: $64,000
6. Columbus CSD: $76,500
7. Groveport Madison LSD: $77,778
8. South-Western CSD: $83,000
9. Circleville CSD: $83,900
10. Sunbury: $89,000
11. Reynoldsburg CSD: $96,000
12. Columbus: $97,500
13. Pataskala: $98,950
14. London CSD: $106,500
15. Lancaster CSD: $106,700
Whitehall continued to be the cheapest market for the second month in a row.
Overall Market Median Sales Price in February 2013: $122,143
Top 15 Locations with the Highest Median Sales Price % Growth Between February 2012 and February 2013
1. Jefferson LSD: +64.7%
2. Buckeye Valley LSD: +54.9%
3. Johnstown Monroe LSD: +53.3%
4. Obetz: +43.9%
5. Canal Winchester CSD: +40.1%
6. Gahanna: +37.3%
7. Gahanna Jefferson CSD: +17.0%
8. Dublin CSD: +15.0%
9. Downtown: +15.0%
10. Westerville: +12.2%
11. German Village: +12.2%
12. Groveport Madison LSD: +11.1%
13. Columbus CSD: +10.9%
14. Olentangy LSD: +10.3%
15. London CSD: +8.7%
Far-flung exurban districts seemed to see the largest increases this month.
Top 15 Locations with the Lowest Median Sales Price % Growth Between February 2012 and February 2013
1. Sunbury: -55.0%
2. Big Walnut LSD: -37.1%
3. Hilliard: -29.2%
4. Hamilton LSD: -27.3%
5. Grandview Heights: -26.0%
6. New Albany Plain LSD: -26.0%
7. Circleville CSD: -24.8%
8. Bexley: -22.8%
9. Upper Arlington CSD: -20.0%
10. Pataskala: -19.2%
11. Granville CSD: -17.6%
12. Grove City: -13.1%
13. Whitehall: -12.3%
14. Delaware CSD: -10.1%
15. Hilliard CSD: -9.8%
Overall Market Median Sales Price % Change February 2012 vs. February 2013: -1.5%
Top 10 Locations with the Most New Listings in February 2013
1. Columbus: 1,083
2. Columbus CSD: 677
3. South-Western CSD: 240
4. Olentangy LSD: 177
5. Hilliard CSD: 147
6. Dublin CSD: 134
7. Westerville CSD: 114
8. Grove City: 89
9. Worthington CSD: 88
10. Dublin: 84
Top 10 Locations with the Fewest New Listings in February 2013
1. Valleyview: 0
2. Obetz: 1
3. Lithopolis: 3
4. Minerva Park: 5
5. Grandview Heights: 5
6. Sunbury: 6
7. Johnstown Monroe LSD: 6
8. Jefferson LSD: 8
9. Jonathan Alder LSD: 12
10. Hamilton LSD: 13
11. Whitehall: 14
Total New Listings in the Columbus Metro in February 2013: 2,694
Overall Metro New Listings % Change February 2012-February 2013: +17.9%
Supply improved over a year earlier.
For more information on the local market, go here: Columbus Realtors
In a first of its kind, this is the Columbus housing market update for December 2012. In it, the local housing market will be detailed by categories such as most expensive market, market listing rankings and more.
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 December 2012
1. New Albany: $535,000
2. New Albany Plain LSD: $397,450
3. German Village: $376,000
4. Grandview Heights: $362,500
5. Powell: $354,950
6. Dublin: $343,600
7. Granville CSD: $330,000
8. Bexley: $325,000
9. Upper Arlington CSD: $319,500
10. Olentangy LSD: $315,000
11. Big Walnut LSD: $306,250
12. Dublin CSD: $271,500
13. Worthington: $$270,000
14. Buckeye Valley LSD: $259,000
15. Sunbury: $253,000
New Albany was by far the most expensive local market around Columbus.
Top 15 Least Expensive Locations by Median Sales Price in December 2012
1. Obetz: $80,100
2. Hamilton LSD: $80,100
3. Whitehall: $85,950
4. Newark CSD: $86,900
5. Lancaster CSD: $103,000
6. Jefferson LSD: $123,000
7. London CSD: $124,000
8. Groveport Madison LSD: $125,900
9. Reynoldsburg CSD: $125,950
10. Columbus CSD: $129,900
11. South-Western CSD: $131,000
12. Columbus: $140,026
13. Jonathan Alder LSD: $150,000
14. Minerva Park: $159,500
15. Grove City: $160,950
Southern and eastern suburbs tend to perform best on this list, as well as Columbus itself.
Overall Market Median Sales Price in December 2012: $158,645
Top 15 Locations with the Highest Median Sales Price % Growth Between December 2011 and December 2012
1. Whitehall: +69.5%
2. Circleville CSD: +64.9%
3. Sunbury: +63.0%
4. Jefferson LSD: +53.5%
5. Big Walnut LSD: +44.1%
6. Canal Winchester CSD: +40.9%
7. Westerville: +29.8%
8. Westerville CSD: +27.3%
9. Powell: +25.4%
10. Pataskala: +24.0%
11. Olentangy LSD: +23.5%
12. Gahanna Jefferson CSD: +21.8%
13. Grandview Heights: +21.2%
14. Granville CSD: +20.0%
15. Pickerington: +17.7%
Top 15 Locations with the Lowest Median Sales Price % Growth Between December 2011 and December 2012
1. London CSD: -53.5%
2. Obetz: -38.3%
3. Hamilton LSD: -27.1%
4. Jonathan Alder LSD: -25.2%
5. Buckeye Valley LSD: -23.0%
6. Reynoldsburg CSD: -18.7%
7. Hilliard: -17.7%
8. Lancaster CSD: -17.6%
9. Grove City: -15.3%
10. Dublin CSD: -12.8%
11. Johnstown Monroe LSD: -10.8%
12. Upper Arlington CSD: -8.5%
13. Newark CSD: -8.1%
14. Dublin: -7.1%
15. South-Western CSD: -6.4%
Overall Market Median Sales Price % Change December 2011 vs. December 2012: -0.3%
Top 10 Locations with the Most New Listings in December 2012
1. Columbus: 829
2. Columbus CSD: 544
3. South-Western CSD: 136
4. Olentangy LSD: 122
5. Westerville CSD: 100
6. Hilliard CSD: 94
7. Dublin CSD: 89
8. Worthington CSD: 66
9. Dublin: 64
10. Pickerington LSD: 60
Top 10 Locations with the Fewest New Listings in December 2012
1. Valleyview: 0
2. Lithopolis: 1
3. Sunbury: 2
4. Minerva Park: 2
5. Obetz: 3
6. Johnstown Monroe LSD: 5
7. Jefferson LSD: 8
8. German Village: 8
9. Hamilton LSD: 8
10. Whitehall: 11
11. Granville CSD: 12
Total New Listings in the Columbus Metro in December 2012: 2,002
Overall Metro New Listings % Change December 2011-December 2012: +10.5%
Overall, prices are slightly down as supply is currently outstripping demand.
For more information on the local market, go here: Columbus Realtors