Dayton, OH

I just want to scream when I walk into anotherwise normal home and find that more than half of the mechanicals, siding or anything else just gone. When the thieves take the copper, duct, cabinets, water heater, furnace, or appliances they are not only stealing from the seller of the house, but from the community. The home owner (bank or other) normally would have to repair the house to even get it on the market, let alone sell it.

The home where this picture was taken was, outwardly, in good condition.

Being on a slab the new plumbing will have to be run overhead and insulated raising the cost of replacement substantially. Other damages due to the hasty and not too kind removal must be repaired also.

The home is now uninhabitable, yet at one time it was nice home.

After all their work the thieves probably netted no more than $200 for what was a difficult task.

In a different home you can see where the furnace and water heater were taken. The space on the left was where the water heater sat and on the right the furnace. The gas lines, being of black steel pipe, did not have enough value to be taken.

Again, this was no easy task. The furnace and water heater are heavy appliances, this took some time.

This home was vacant for 8 months during which this theft was committed.

This situation is getting all to common too. This is the pad the the A/C condensing unit would normally sit on. The eauipment is easily removed by cutting wires and tubes with a simple wire cutter.

The damage to the home and neighborhood will take years to repair, because the damage is more than physical they concern the reputation of the neighborhood. Crimes like these lower the value of the homes throughout the entire neighborhood.

In all the years that I have been inspecting/building/remodeling, etc. I have never seen this happen with such frequency as it has in the last couple of years. Unfortunately, I don't have a solution, just an observation.

Jack Gilleland

Home Inspection Services, Clayton

Quality Home Inspections

Bank has preapproved the short sale on this property- bring an offer! House needs work but priced to sell. Call me at 513-255-0826 to see this one!

Foreclosed houses for sale surged in number in Dayton, Ohio in January as unemployment spread out into affluent neighborhoods and rural areas.

According to data from a California-based foreclosure tracking firm, a total of 1,420 households in the Dayton metro area were hit with delinquency or foreclosure notices in January, up by 52 percent from the 936 foreclosures filed in January last year and by 75 percent from the 810 postings in December 2009.

Seven of the eight counties that comprise the Dayton metro area showed increases in residential property foreclosures in January, with Butler County posting the highest number of filings and Darke County posting the highest increase rate. Butler County posted a 51-percent decrease in filings despite having the highest number.

Montgomery County, which is partly covered by the Dayton metro area, posted 1,206 foreclosures, a 60-percent jump from 753 filings in January last year and an 83-percent jump from postings in December 2009.

In 2009, Miami County posted a 26-percent jump in foreclosure filings, the highest increase from 2008 among the Dayton counties. In Clinton, which was severely affected by the departure of shipping company DHL from Wilmington, the number of delinquent properties and repossessed homes for sale soared by 36 percent from 2008.

Statewide, the number of foreclosed houses for sale increased last year compared to foreclosures in 2008. Based on records from the Ohio Supreme Court, foreclosure activity in Ohio surged to more than 89,000 foreclosure filings, marking a 3.8-percent jump from the 85,773 foreclosures posted in 2008.

The foreclosure increase rates of 3 percent and 3.8 percent in 2008 and 2009 were both weaker than the five-percent increase in 2007 and the staggering 24-percent rise in 2006.

According to Ohio housing officials, a bigger number of foreclosures are occurring in rural and wealthier counties where people bought large homes they can no longer afford to pay. Of the 88 counties in Ohio, 65 counties are experiencing sharp increases in foreclosures.

To help mitigate the rising number of foreclosures in Ohio, 26 nonprofits in 57 counties across the state have been allocated $4.2 million to improve affordable housing in the area. The money was coursed through the Housing Assistance Grant Program and funded by the Ohio Housing Trust Fund.

With the funding, about 250 families would be provided with home buying counseling, about 60 families would be given down payment assistance and about 1,360 foreclosed houses for sale will be rehabilitated and resold to lower-income families.

Original Post: Foreclosed Houses for Sale Climbed Up in Dayton, Ohio on BankForeclosuresSale.com.

The January Market Report in Ohio for single family, residential homes in Montgomery, Greene, and Warren counties near Wright Patterson Air Force Base shows major changes. In January 2010 versus January 2009, homes now sell quicker. The average selling price in January 2009 was $104,452, which is much lower than the average selling price in January 2010. The average selling price has increased for 7 consecutive months, showing the Southwest Ohio market is past rock bottom. More homes sold in January 2010 versus January 2009, a trend which should continue especially with the tax credit extension and expansion now including existing homeowners which ends in April 2010.

JANUARY 2010

• Homes Sold - 379
• Average Bedrooms - 3
• Average Square Footage - 1,751
• Average Listing Price - $120,907
• Average Selling Price - $114,854 (95% sale price/listing price)
• Average Days on Market - 116 (14 days difference to January 2009)
• Homes Sold Price Range $3,000 (in Upper Riverdale) - $775,000 (Washington Twp-SW)

JANUARY 2009

• Homes Sold - 372
• Average Bedrooms - 3
• Average Square Footage - 1,705
• Average Listing Price - $113,076
• Average Selling Price - $104,452 (92% sale price/listing price)
• Average Days on Market - 130
• Homes Sold Price Range $1,400 (Trotwood) - $600,000 (Kettering West of 48)

For more information on the market in the Dayton, Ohio area and buying or selling contact Christina today!

This information came from the Dayton Area Board of Realtors website. These are both the December statistics and also the statistics from 2009. Pretty interesting info. Please read through and let me know if you have any questions.

Dayton Area Home Sales for December and Year End 2009

Released from Dayton Area Board of Realtors

December 2009

The streak of monthly year-over-year increases in home sales continued in December as the numbers stayed in positive territory for the sixth straight month. The 726 transactions reported to the Dayton Area Board of REALTORS® MLS was 6 units, or 0.83%, more than last December's 720 sales. The pace of sales slowed somewhat, but that is typical during the holidays. However, it was still a gain, and over the last half of the year overall sales bested 2008's totals by 9%.

Despite just six more sales than last December, the sales volume for the month reached $87.4 million, compared to $74.3 million last year, an increase of 17.52%. This translates into a very healthy average sale price of $120,372, an increase of 16.5% over last December's $103,278 average per single-family unit. This December's median sale price was up by 18.9% to $96,000, compared to $80,750 last year. The percentage sale/list price was also up 1.5%.

Listings submitted in December totaled 1,246, down 9% from 1,369 during the same period last year. Listing totals in monthly year-over-year comparison were down in all but 2 months during 2009. December's listing total was the lowest of 2009, also typical for the holiday season.

The overall single-family MLS inventory at year's end stood at 7,611 available properties, and represented a 10.5-months supply. At year's end 2008 these numbers stood at 8,491 available listings and an 11.7 months supply.

2009 Figures

The first half of 2009 was a continuation of the slowdown in single-family sales affecting our area and entire country. Beginning in July, however, we saw our first year-over-year sales increase since April of 2007. This began a run of six consecutive months of sales and price increases, peaking with a 42.8% year-over-year increase in sales for November and average price increases of 16% for November and December.

This strong second half helped to curb the overall declines in sales for all of 2009 compared to 2008. We finished with 10,680 single-family sales, just 3.2% fewer than the 11,037 reported in 2008. Overall sales volume reached $1.31 billion, down 4.8%, and the average sale price finished very strong at $123,273 for the year, a modest 1.6% depreciation from 2008's $125,348. This compares to a decline in 2008 of 6.98%. The median price finished at $105,000, down just 2.8%.

A total of 21,978 single-family listings were submitted during 2009, a decline of 17.4% compared to 26,620 in 2008. Overall MLS single-family inventory began the year at 8,491 listings, peaked at 8,922 in May, and finished the year at 7,611.

Statistics compiled by John Junker, MLS Data Specialist