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Cuyahoga Falls Real Estate Market Update January 2012

The results are in for January, 2012:
New Listings - 45 Average Price - $152,300 - Average Price Per Sq. Ft. $86
New Contracts - 29 Average Price - $94,200 - Average Price Per Sq. Ft. $71 - Avg Days on Market - 144
New Closings - 29 Average Price - $116,700 - Average Price Per Sq. Ft. $65 - Avg Days on Market - 121
Total Number of Active Listings Now in Cuyahoga Falls - 219
That represents less than a 6 month supply of inventory based on sales statistics for 2011. This is the most balanced market we have had in about 3 years!
There is now a shortage of good listings in Cuyahoga Falls.
If you are thinking of selling, now is a great time. Call me, I can help.
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Worthington's February First Friday is tonight
There is a theme for February... chocolate and wine! It's beginning to look a lot like Valentine's Day.
Worthington spots to sip some fine wine include House Wine, La Chatelaine, Rivage Atlantique and Worthington Inn.
*Places to find a fix of chocolate include Blue Frost Cupcake, Graeter's Ice Cream and Emlolly Candy... if they are open for First Friday in February 2012.
Worthington restaurants may have extra special chocolate desserts on their menu too. Worthington restaurants include P.K O'Ryan and Old Bag of Nails too.
First Friday in Worthington is a chance to "shop, eat and play" in downtown Worthington (High Street and New England Avenue) in the evening. The Old Worthington shopping area (or Olde Worthington) is a small, charming, walkable area south of the Worthington Village Green.
*Not all Worthington shops, including those mentioned here may be open, Friday, February 3, 2012 from 6:00 to 9:00. You'd think any that had any tie into chocolate, wine or Valentine's Day would be open, wouldn't you? Few shops were open for First Friday in January, but you can count on the Worthington restauarants to stay open....
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This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
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Spring is Around the Corner for Columbus Ohio according to Buckeye Chuck

Can you send belated Groundhog Day cards?
Buckeye Chuck in Marion Ohio did not see his shadow yesterday morning so we will NOT have another six week of winter in Columbus, Ohio. Of course we really have not had much winter weather at all this year.
Punxatawny Phil did see his shadow this morning so he is predicting six weeks more of winter. I hear Buckeye Chuck has a better record when it comes to accuracy. According to people who keep track of this. Or can remember year to year anyway, what the rodent said and what the weather from February into mid March was like.
Spring is Around the Corner for Columbus - Happy Belated Groundhog Day 2012 (I observed GroundHogs Day on ColumbusBestBlog.com and elsewhere Groundhog Day Board on Pinterest the pins were mostly done prior to the big day....
Groundhog Days in recent memory
Groundhog Day 2011
Columbus Ohio is Buckeye Chuck Territory
Happy Groundhog Day 2009!
Happy Groundhogs Day! - 2008
Groundhogs are local -2007
The image is a Real Living ecard.
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Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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