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Housing Market Update December 2013

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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 September 2013

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Columbus housing market September 2013

According to Columbus Realtors, September continued one of the Columbus area’s longest positive streaks when it came to housing sales, although sales were down a bit from earlier this year. Overall, sales were up 13.1% and prices were up 4.2%.

For the housing report, I look at the 21 major areas of the Franklin County area (11 urban, 10 suburban). Here is what the September market looked like.

Top 10 September Sales Totals
1. Columbus: 820
2. Dublin: 72
3. Westerville: 59
4. Upper Arlington: 53
5. Grove City: 49
6. Hilliard: 49
7. Clintonville: 47
8. Gahanna: 45
9. Reynoldsburg: 34
10. Canal Winchester: 29

Top 10 September Sales Increases Over September 2012
1. Whitehall: +142.9%
2. Westerville: +96.7%
3. Obetz: +66.7%
4. Canal Winchester: +38.1%
5. Reynoldsburg: +36.0%
6. Pataskala: +35.7%
7. Grove City: +32.4%
8. Gahanna: +28.6%
9. New Albany: +28.6%
10. Minerva Park: +25.0%

Top 10 Total YTD Sales Through September
1. Columbus: 8,019
2. Dublin: 636
3. Upper Arlington: 588
4. Clintonville: 554
5. Westerville: 495
6. Grove City: 487
7. Hilliard: 460
8. Gahanna: 414
9. Reynoldsburg: 381
10. Pickerington: 254

Top 10 YTD Sales Increases Through over September 2012
1. Minerva Park: +47.6%
2. Whitehall: +45.9%
3. Hilliard: +36.1%
4. Pataskala: +33.1%
5. Westerville: +33.1%
6. Bexley: +32.4%
7. Gahanna: +31.8%
8. Reynoldsburg: +31.8%
9. Clintonville: +28.5%
10. German Village: +27.6%

Average Sales September 2013
Urban: 91.6
Suburban: 39.2
Urban without Columbus: 18.8

Average % Change September 2013 vs. September 2012
Urban: +10.6%
Suburban: +30.3%
Urban without Columbus: +10.5%

Average Sales YTD Through September
Urban: 923.2
Suburban: 370.1
Urban without Columbus: 213.6

Average % Change YTD vs. YTD 2012 (Through September)
Urban: +19.2
Suburban: +24.7%
Urban without Columbus: +18.5%

Top 10 Average Sales Price September 2013
1. New Albany: $512,564
2. Upper Arlington: $402,771
3. Dublin: $359,925
4. Bexley: $293,331
5. Downtown: $259,331
6. Grandview Heights: $244,433
7. German Village: $235,557
8. Worthington: $234,716
9. Hilliard: $220,823
10. Clintonville: $206,610

Top 10 Average Sales Price % Increases vs. September 2012
1. Whitehall: +99.3%
2. Obetz: +98.1%
3. Minerva Park: +51.3%
4. Upper Arlington: +20.6%
5. New Albany: +20.2%
6. Gahanna: +18.5%
7. Dublin: +13.5%
8. Hilliard: +10.5%
9. Pickerington: +10.2%
10. Reynoldsburg: +9.4%

Top 10 Average Sales Price YTD
1. New Albany: $543,445
2. Upper Arlington: $364,187
3. Bexley: $347,444
4. Dublin: $333,741
5. German Village: $302,753
6. Downtown: $281,729
7. Worthington: $246,663
8. Grandview Heights: $222,115
9. Hilliard: $219,302
10. Gahanna: $201,444

Top 10 Average YTD Sales Price % Change vs. YTD 2012
1. Whitehall: +23.2%
2. Minerva Park: +18.2%
3. Downtown: +13.5%
4. Upper Arlington: +13.3%
5. Gahanna: +12.9%
6. Reynoldsburg: +9.6%
7. New Albany: +9.4%
8. Canal Winchester: +6.6%
9. Bexley: +6.0%
10. Worthington: +5.7%

Average Price September 2013
Urban: $210,653
Suburban: $222,473
Urban without Columbus: $219,161

Average Price % Change vs. September 2012
Urban: +23.7%
Suburban: +7.7%
Urban without Columbus: +25.9%

Average Price YTD
Urban: $215,336
Suburban: $223,809
Urban without Columbus: $224,046

Average Price % Change YTD vs. YTD 2012
Urban: +6.2%
Suburban: +5.2%
Urban without Columbus: +6.4%

Top 10 Fastest Selling Markets September (based on # of Days listings sell)
1. Worthington: 26
2. Minerva Park: 29
3. Clintonville: 34
4. Obetz: 34
5. Upper Arlington: 34
6. Hilliard: 41
7. Westerville: 42
8. New Albany: 44
9. Pickerington: 45
10. Whitehall: 45

Top 10 Fastest Selling Markets YTD
1. Worthington: 37
2. Upper Arlington: 45
3. Grandview Heights: 48
4. Clintonville: 52
5. Hilliard: 53
6. Westerville: 53
7. Bexley: 58
8. Gahanna: 58
9. Dublin: 61
10. Grove City: 61

Average # of Days before Sale, September 2013
Urban: 48.0
Suburban: 51.8
Urban without Columbus: 47.1

Average # of Days before Sale, YTD
Urban: 60.7
Suburban: 61.1
Urban without Columbus: 60.3

Top 10 Lowest Housing Supplies (based on # of months to sell all listings), September 2013
1. Worthington: 1.9
2. Upper Arlington: 2.3
3. Bexley: 2.4
4. Hilliard: 2.6
5. Westerville: 2.6
6. Clintonville: 2.7
7. Grandview Heights: 2.9
8. Gahanna: 3.2
9. Dublin: 3.4
10. Whitehall: 3.7

Average # of Months to Sell All Listings
Urban: 3.5
Suburban: 4.1
Urban without Columbus: 3.4

Average % Change of Single-Family Home Sales, September 2013 vs. September 2012
Urban: +23.7%
Suburban: +31.0%
Urban without Columbus: +24.7%

Average % Change of Condo Sales, September 2013 vs. September 2012
Urban: -23.5%
Suburban: +48.4%
Urban without Columbus: -25.3%

Average % Change of Single-Family Home Sales YTD vs. YTD 2012
Urban: +13.0%
Suburban: +24.7%
Urban without Columbus: +11.7%

Average % Change of Condo Sales YTD vs. YTD 2012
Urban: +35.8%
Suburban: +26.2%
Urban without Columbus: +36.7%