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Housing Market Update February 2014

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housing market update February 2014 Columbus, Ohio

Unfortunately, I have been unable to update this site for about a month, but I am back now and have quite a bit to add. First, I have the numbers for the local Housing Market Update February 2014. Due to changes in the way the numbers were gotten, January’s were not available. I still do them for 21 major areas of Franklin County, however, and here they are. As always, the data is from Columbus Realtors.

Top 10 February 2014 Sales Totals
1. Columbus: 535
2. Grove City: 39
3. Westerville: 36
4. Upper Arlington: 33
5. Dublin: 31
6. Hilliard: 30
7. Reynoldsburg: 29
8. Clintonville: 28
9. Gahanna: 23
10. Downtown: 14

Top 10 February 2014 Sales Increases over February 2013
1. Obetz: +200.0%
2. Westerville: +38.5%
3. Grove City: +14.7%
4. German Village: +10.0%
5. Hilliard: +7.1%
6. Gahanna: +0.0%
7. New Albany: +0.0%
8. Upper Arlington: +0.0%
9. Whitehall: +0.0%
10. Downtown: -6.7%

Top 10 Year-to-Date Sales Through February 2014
1. Columbus: 1,076
2. Dublin: 72
3. Grove City: 65
4. Clintonville: 62
5. Reynoldsburg: 59
6. Westerville: 59
7. Upper Arlington: 55
8. Hilliard: 54
9. Gahanna: 40
10. Canal Winchester: 29

Top 10 Year-to-Date Increases Through February 2014 Over 2013
1. Obetz: +300.0%
2. Pataskala: +20.8%
3. Worthington: +8.0%
4. German Village: +6.7%
5. Reynoldsburg: +3.5%
6. Grove City: +3.2%
7. Westerville: -1.7%
8. Hilliard: -1.8%
9. Clintonville: -6.1%
10. Columbus: -6.8%

Average Sales February 2014
Urban: 60.1
Suburban: 22.9
Urban without Columbus: 12.6

Average % Change February 2014 vs. February 2013
Urban: -1.1%
Suburban: -7.1%
Urban without Columbus: -0.2%

Average YTD Sales Through February 2014
Urban: 120
Suburban: 45.1
Urban without Columbus: 24.4

Average YTD % Change YTD Through February 2014
Urban: +11.8%
Suburban: -9.4%
Urban without Columbus: +13.7%

Top 10 Average Sales Price February 2014
1. New Albany: $641,524
2. Bexley: $460,307
3. Upper Arlington: $378,852
4. Dublin: $334,967
5. Grandview: $318,667
6. Downtown: $302,720
7. German Village: $232,014
8. Worthington: $227,422
9. Westerville: $209,149
10. Hilliard: $199,724

Top 10 Average Sales Price % Change February 2014 vs. February 2013
1. Grandview: +68.6%
2. Pataskala: +47.1%
3. Upper Arlington: +46.5%
4. Bexley: +46.1%
5. Pickerington: +28.6%
6. Westerville: +25.9%
7. Obetz: +25.0%
8. Reynoldsburg: +19.9%
9. Canal Winchester: +17.6%
10. Hilliard: +13.1%

Top 10 Average Sales Prices YTD Through February 2014
1. New Albany: $515,036
2. Bexley: $418,680
3. Upper Arlington: $343,026
4. Dublin: $326,231
5. Downtown: $314,042
6. German Village: $309,343
7. Grandview: $251,136
8. Worthington: $231,133
9. Westerville: $205,636
10. Hilliard: $200,965

Top 10 Average YTD Sales Price % Change Through February 2014 vs. 2013
1. Pataskala: +36.2%
2. Whitehall: +35.5%
3. Bexley: +31.7%
4. Grandview: +26.1%
5. German Village: +22.2%
6. Downtown: +20.0%
7. Pickerington: +18.3%
8. Westerville: +15.8%
9. Canal Winchester: +15.2%
10. Reynoldsburg: +15.1%

Average Sales Price February 2014
Urban: $228,596
Suburban: $235,812
Urban without Columbus: $239,422

Average Sales Price Change February 2014 vs. February 2013
Urban: +15.9%
Suburban: +17.1%
Urban without Columbus: +16.9%

Average Sales Price YTD
Urban: $222,639
Suburban: $220,917
Urban without Columbus: $232,886

Average Sales Price % Change YTD
Urban: +13.0%
Suburban: +13.3%
Urban without Columbus: +13.0%

Top 10 Fastest Selling Markets February 2014 (Based on Average # of Days for Listings to Sell)
1. Grandview: 39
2. Clintonville: 57
3. Obetz: 62
4. Worthington: 70
5. Pataskala: 74
6. Hilliard: 78
7. Upper Arlington: 83
8. Westerville: 88
9. Pickerington: 89
10. Columbus: 91

Top 10 Fastest Selling Markets YTD
1. Worthington: 50
2. Grandview: 58
3. Pickerington: 60
4. Clintonville: 64
5. Obetz: 64
6. Hilliard: 66
7. Whitehall: 66
8. Upper Arlington: 73
9. Gahanna: 85
10. Westerville: 87

Average # of Days Before Sale, February 2014
Urban: 86.2
Suburban: 104.4
Urban without Columbus: 85.7

Average # of Days Before Sale YTD
Urban: 81.1
Suburban: 89.1
Urban without Columbus: 80.4

Top 10 Lowest Market Housing Supplies (Based on # of Months to Sell all Listings)
1. Worthington: 1.0
2. Hilliard: 1.6
3. Upper Arlington: 1.7
4. Westerville: 1.7
5. Clintonville: 1.8
6. Gahanna: 1.9
7. German Village: 1.9
8. Grandview: 2.0
9. Obetz: 2.2
10. Bexley and Dublin: 2.4

A healthy housing supply is considered to be around 5 months. Anything less than 3 months is considered very low.

Average # of Months to Sell All Listings, February 2014
Urban: 2.3
Suburban: 2.9
Urban without Columbus: 2.3

Average % Change of Single-Family Home Sales February 2014 vs. February 2013
Urban: +15.0%
Suburban: -7.7%
Urban without Columbus: +17.0%

Average % Change of Single-Family Home Sales YTD vs. YTD 2013
Urban: +3.0%
Suburban: -10.3%
Urban without Columbus: +4.0%

Average % Change of Condo Sales February 2014 vs. February 2013
Urban: -21.0%
Suburban: +7.0%
Urban without Columbus: -21.8%

Average % Change of Condo Sales YTD vs. YTD 2013
Urban: +20.6%
Suburban: +23.7%
Urban without Columbus: +23.0%



Columbus Housing Market August 2013

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Columbus housing market August 2013

The Columbus housing market August 2013 data from Columbus Realtors shows that the area continued hot, with record August sales and potentially a record year still in the making. For the region, sales were up 11% for August and are were up almost 23% for the first 8 months of the year.

I looked at the 21 major areas of Franklin County (11 urban, 10 suburban). Here is what the August market looked like.

Top 10 August Sales Totals
1. Columbus: 1,027
2. Upper Arlington: 82
3. Dublin: 78
4. Clintonville: 75
5. Grove City: 72
6. Hilliard: 66
7. Westerville: 61
8. Gahanna: 52
9. Worthington: 37
10. Reynoldsburg: 35

Top 10 August Sales Increases Over August 2012
1. Minerva Park: +400.0%
2. Downtown: +66.7%
3. Gahanna: +48.6%
4. Upper Arlington: +34.4%
5. German Village: +25.0%
6. Clintonville: +21.0%
7. Grove City: +20.0%
8. Westerville: +15.1%
9. Columbus: +12.6%
10. Whitehall: +12.5%

Top 10 Total YTD Sales Through August
1. Columbus: 7,149
2. Dublin: 561
3. Upper Arlington: 533
4. Clintonville: 505
5. Grove City: 437
6. Westerville: 436
7. Hilliard: 409
8. Gahanna: 369
9. Reynoldsburg: 346
10. Pickerington: 236

Top 10 YTD Sales Increases Through over August 2012
1. Minerva Park: +52.9%
2. Whitehall: +37.4%
3. Hilliard: +37.2%
4. German Village: +34.5%
5. Bexley: +33.3%
6. Gahanna: +32.3%
7. Downtown: +31.7%
8. Clintonville: +31.2%
9. Pataskala: +31.1%
10. Reynoldsburg: +31.1%

Average Sales August 2013
Urban: 121.3
Suburban: 44.9
Urban without Columbus: 30.7

Average % Change August 2013 vs. August 2012
Urban: +49.5%
Suburban: -0.3%
Urban without Columbus: +53.2%

Average Sales YTD Through July
Urban: 826.2
Suburban: 330.0
Urban without Columbus: 193.9

Average % Change YTD vs. YTD 2012 (Through August)
Urban: +21.2%
Suburban: +24.0%
Urban without Columbus: +20.6%

Top 10 Average Sales Price August 2013
1. New Albany: $563,743
2. Upper Arlington: $391,739
3. Bexley: $379,746
4. Dublin: $316,481
5. Downtown: $280,630
6. German Village: $280,037
7. Worthington: $263,934
8. Grandview Heights: $240,743
9. Hilliard: $225,476
10. Canal Winchester: $197,671

Top 10 Average Sales Price % Increases vs. August 2012
1. Canal Winchester: +32.8%
2. Bexley: +27.4%
3. Pataskala: +19.0%
4. Worthington: +18.0%
5. Upper Arlington: +14.4%
6. Reynoldsburg: +11.1%
7. Columbus: +10.4%
8. New Albany: +8.8%
9. Gahanna: +5.4%
10. Hilliard: +3.5%

Top 10 Average Sales Price YTD
1. New Albany: $546,941
2. Upper Arlington: $360,574
3. Bexley: $352,910
4. Dublin: $330,887
5. German Village: $306,121
6. Downtown: $283,942
7. Worthington: $247,084
8. Grandview Heights: $222,795
9. Hilliard: $219,123
10. Gahanna: $200,988

Top 10 Average YTD Sales Price % Change vs. YTD 2012
1. Whitehall: +16.7%
2. Downtown: +15.5%
3. Upper Arlington: +12.6%
4. Gahanna: +12.3%
5. Minerva Park: +12.2%
6. Reynoldsburg: +9.6%
7. New Albany: +8.7%
8. Canal Winchester: +7.3%
9. Bexley: +6.2%
10. Worthington: +5.1%

Average Price August 2013
Urban: $223,076
Suburban: $230,864
Urban without Columbus: $231,445

Average Price % Change vs. August 2012
Urban: +1.4%
Suburban: +6.9%
Urban without Columbus: +0.5%

Average Price YTD
Urban: $215,558
Suburban: $224,012
Urban without Columbus: $224,254

Average Price % Change YTD vs. YTD 2012
Urban: +4.9%
Suburban: +4.9%
Urban without Columbus: +4.9%

Top 10 Fastest Selling Markets August 2013 (based on # of Days listings sell)
1. Gahanna: 32
2. Obetz: 32
3. Whitehall: 36
4. Bexley: 37
5. Upper Arlington: 37
6. Clintonville: 41
7. Worthington: 41
8. Grandview Heights: 42
9. Hilliard: 43
10. Westerville: 48

Top 10 Fastest Selling Markets YTD
1. Worthington: 38
2. Upper Arlington: 45
3. Grandview Heights: 46
4. Clintonville: 54
5. Hilliard: 55
6. Westerville: 55
7. Gahanna: 58
8. Bexley: 59
9. Dublin: 60
10. Grove City: 63

Average # of Days before Sale, August 2013
Urban: 49.4
Suburban: 66.8
Urban without Columbus: 48.6

Average # of Days before Sale, YTD
Urban: 62.7
Suburban: 62.4
Urban without Columbus: 62.4

Top 10 Lowest Housing Supplies (based on # of months to sell all listings), August 2013
1. Worthington: 2.1
2. Bexley: 2.3
3. Clintonville: 2.5
4. Grandview Heights: 2.5
5. Hilliard: 2.5
6. Westerville: 2.7
7. Upper Arlington: 2.8
8. Gahanna: 3.1
9. Dublin: 3.3
10. Pickerington: 3.9

Average # of Months to Sell All Listings
Urban: 3.6
Suburban: 4.1
Urban without Columbus: 3.5

Average % Change of Single-Family Home Sales, August 2013 vs. August 2012
Urban: +32.0%
Suburban: -1.8%
Urban without Columbus: +34.0%

Average % Change of Condo Sales, August 2013 vs. August 2012
Urban: +65.5%
Suburban: +51.0%
Urban without Columbus: +70.3%

Average % Change of Single-Family Home Sales YTD vs. YTD 2012
Urban: +12.9%
Suburban: +23.8%
Urban without Columbus: +11.5%

Average % Change of Condo Sales YTD vs. YTD 2012
Urban: +44.3%
Suburban: +29.5%
Urban without Columbus: +45.8%