Housing Market Update January 2017




housing market update January 2017 Columbus, Ohio

The recent housing market update January 2017 edition information comes from Columbus Realtors.

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 2017
1. New Albany: $535,000
2. New Albany Plain LSD: $397,450
3. German Village: $376,000
4. Powell: $354,950
5. Dublin: $343,600
6. Granville CSD: $330,000
7. Bexley: $325,000
8. Upper Arlington CSD: $319,500
9. Olentangy LSD: $315,000
10. Big Walnut LSD: $306,250
11. Dublin CSD: $271,500
12. Worthington: $270,000
13. Buckeye Valley LSD: $259,000
14. Sunbury: $253,000
15. Downtown: $243,750

Top 15 Least Expensive Locations by Median Sales Price in January 2017
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

Overall Market Median Sales Price in January 2017: $160,368
Median Sales Price Change January 2016-January 2016: +$3,172

Top 15 Locations with the Highest Median Sales Price % Growth Between January 2016 and January 2017
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 January 2016 and January 2017
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 January 2016-January 2017: +2.0%

Top 10 Locations with the Most New Listings in January 2017
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 January 2017
1. Valleyview: 0
2. Lithopolis: 1
3. Minerva Park: 2
4. Sunbury: 2
5. Obetz: 3
6. Johnstown Monroe LSD: 5
7. Jefferson LSD: 8
8. Jonathan Alder LSD: 8
9. German Village: 8
10. Hamilton LSD: 8
11. Northridge LSD: 9

Total New Listings in the Columbus Metro in January 2017: 2,002
Overall Metro New Listings % Change January 2016-January 2017: -1.9%

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in January 2017
1. Obetz: 18
2. Sunbury: 21
3. Pataskala: 22
4. Jefferson LSD: 26
5. Gahanna: 28
6. Minerva Park: 28
7. Delaware CSD: 29
8. Bexley: 31
9. Hilliard CSD: 31
10. Pickerington: 31
11. Worthington CSD: 31

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in January 2017
1. Dublin: 96
2. New Albany: 93
3. Dublin CSD: 82
4. Powell: 80
5. Granville CSD: 79
6. Olentangy LSD: 78
7. Downtown: 77
8. Grandview Heights: 76
9. New Albany Plain LSD: 68
10. Canal Winchester CSD: 67
11. New Albany CSD: 65
12. Upper Arlington CSD: 62
13. Circleville CSD: 61
14. Johnstown Monroe LSD: 61
15. Hamilton LSD: 60

# of Days For-Sale Homes Remain on the Market Before Sale Across the Metro Overall: 51.6
Change in # of Days Before Sale January 2016-January 2017: -22.0



Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale January 2016-January2017
1. Obetz: -89.2%
2. Pataskala: -64.5%
3. Whitehall: -64.3%
4. Circleville CSD: -56.1%
5. Gahanna: -53.3%
6. Grove City: -49.2%
7. Delaware CSD: -44.2%
8. Bexley: -40.4%
9. Pickerington LSD: -39.7%
10. Worthington CSD: -38.0%

Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale January 2016-January 2017
1. German Village: +161.1%
2. Worthington: +123.8%
3. Powell: +77.8%
4. Grandview Heights: +46.2%
5. Big Walnut LSD: +41.5%
6. Minerva Park: +40.0%
7. Jonathan Alder LSD: +37.8%
8. Canal Winchester CSD: +31.4%
9. Marysville CSD: +28.3%
10. Johnstown Monroe LSD: +27.1%

% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: -29.9%



Housing Market Update June 2014



housing market update June 2014

June’s housing data for the Columbus region was just released. The month continued the same story as the previous 5 months, with home sales down due to a lack of inventory. Prices continued to rise and the number of days to sell a home continued to fall in relation to this problem. As always, I looked at 21 major areas of the Columbus region, both urban and suburban. Here is how those areas performed.

Top 10 June 2014 Sales Totals
1. Columbus: 1,045
2. Upper Arlington: 109
3. Dublin: 108
4. Clintonville: 83
5. Westerville: 77
6. Gahanna: 63
7. Grove City: 62
8. Reynoldsburg: 59
9. New Albany: 38

Top 10 June 2014 Sales Increases over June 2013
1. Downtown: +72.0%
2. Grove City: +14.5%
3. Gahanna: +12.7%
4. German Village: +10.5%
5. Grandview Heights: +6.3%
6. Canal Winchester: +3.8%
7. Hilliard: 0.0%
8. Minerva Park: 0.0%
9. Columbus: -1.8%
10. Reynoldsburg: -5.1%

Top 10 Year-to-Date Sales Through June 2014
1. Columbus: 4,803
2. Dublin: 362
3. Grove City: 332
4. Clintonville: 323
5. Westerville: 299
6. Upper Arlington: 294
7. Reynoldsburg: 265
8. Hilliard: 258
9. Gahanna: 221
10. Pickerington: 136

Top 10 Year-to-Date Increases Through June 2014 Over 2013
1. Obetz: +42.1%
2. Downtown: +13.4%
3. Grove City: +11.0%
4. New Albany: +2.8%
5. Reynoldsburg: -0.4%
6. Westerville: -3.2%
7. Pataskala: -3.4%
8. German Village: -3.9%
9. Columbus: -5.3%
10. Clintonville: -5.8%

Average Sales June 2014
Urban: 122.3
Suburban: 55.1
Urban without Columbus: 30

Average % Change June 2014 vs. June 2013
Urban: -5.8%
Suburban: -5.1%
Urban without Columbus: -6.0%

Average YTD Sales Through June 2014
Urban: 545
Suburban: 222.6
Urban without Columbus: 119.2

Average YTD % Change YTD Through June 2014
Urban: -4.8%
Suburban: -5.3%
Urban without Columbus: -4.7%

Top 10 Average Sales Price June 2014
1. New Albany: $659,186
2. Upper Arlington: $389,575
3. Bexley: $382,496
4. Dublin: $377,541
5. German Village: $307,753
6. Downtown: $300,582
7. Worthington: $283,209
8. Grandview Heights: $246,271
9. Hilliard: $230,396
10. Gahanna: $229,845

Top 10 Average Sales Price % Change June 2014 vs. June 2013
1. Whitehall: +55.6%
2. Worthington: +17.7%
3. New Albany: +15.8%
4. Bexley: +15.6%
5. Columbus: +12.2%
6. Clintonville: +9.3%
7. Hilliard: +8.5%
8. Canal Winchester: +7.4%
9. Pickerington: +6.7%
10. Gahanna: +6.4%

Top 10 Average Sales Prices YTD Through June 2014
1. New Albany: $541,077
2. Dublin: $360,202
3. Upper Arlington: $348,160
4. Bexley: $334,491
5. Downtown: $305,215
6. German Village: $302,117
7. Worthington: $261,659
8. Grandview Heights: $245,946
9. Hilliard: $225,849
10. Gahanna: $213,782

Top 10 Average YTD Sales Price % Change Through June 2014 vs. 2013
1. Obetz: +24.7%
2. Grandview Heights: +15.5%
3. Worthington: +11.3%
4. Pataskala: +10.8%
5. Columbus: +10.6%
6. Pickerington: +9.9%
7. Canal Winchester: +9.5%
8. Downtown: +9.5%
9. Dublin: +9.2%
10. Westerville: +8.5%

Average Sales Price June 2014
Urban: $232,965
Suburban: $253,488
Urban without Columbus: $240,917

Average Sales Price Change June 2014 vs. June 2013
Urban: +7.6%
Suburban: +5.0%
Urban without Columbus: +7.1%

Average Sales Price YTD Through June 2014
Urban: $220,893
Suburban: $234,492
Urban without Columbus: $229,327

Average Sales Price % Change YTD Through June 2014
Urban: +6.6%
Suburban: +7.5%
Urban without Columbus: +6.2%

Top 10 Fastest Selling Markets June 2014 (Based on Average # of Days for Listings to Sell)
1. Worthington: 21
2. Upper Arlington: 36
3. Clintonville: 38
4. Gahanna: 39
5. Hilliard: 39
6. Dublin: 40
7. German Village: 42
8. Obetz: 45
9. Bexley: 46
10. Pataskala, Westerville: 47

Top 10 Fastest Selling Markets YTD Through June 2014
1. Worthington: 39
2. Minerva Park: 44
3. Upper Arlington: 44
4. Obetz: 46
5. Hilliard: 47
6. Clintonville: 52
7. Westerville: 53
8. Grandview Heights: 54
9. Dublin: 57
10. Bexley: 59

Average # of Days Before Sale, June 2014
Urban: 47.8
Suburban: 54.3
Urban without Columbus: 47.3

Average # of Days Before Sale YTD Through June 2014
Urban: 58.6
Suburban: 67.8
Urban without Columbus: 57.4

Top 10 Lowest Market Housing Supplies June 2014 (Based on # of Months to Sell all Listings)
1. Grandview Heights: 1.0
2. Worthington: 1.4
3. Westerville: 2.0
4. Clintonville: 2.1
5. German Village: 2.1
6. Gahanna: 2.3
7. Hilliard: 2.5
8. Minerva Park: 2.7
9. Obetz: 2.7
10. Upper Arlington: 2.7

A healthy housing supply is considered to be around 5-6 months. Anything less than 3 months is considered very low. Grandview’s 1 month is ridiculously low and the lowest reading I’ve seen for any area.

Average # of Months to Sell All Listings, June 2014
Urban: 2.7
Suburban: 3.5
Urban without Columbus: 2.6

Average % Change of Single-Family Home Sales June 2014 vs. June 2013
Urban: +33.2%
Suburban: -5.4%
Urban without Columbus: +36.8%

Average % Change of Single-Family Home Sales YTD Through June 2014 vs. YTD 2013
Urban: -8.8%
Suburban: -5.4%
Urban without Columbus: -8.9%

Average % Change of Condo Sales June 2014 vs. June 2013
Urban: -4.0%
Suburban: +41.0%
Urban without Columbus: -5.0%

Average % Change of Condo Sales YTD Through June 2014 vs. YTD 2013
Urban: +19.3%
Suburban: +7.0%
Urban without Columbus: +21.0%