Marysville Ohio 2010 Single Family Home Statistics: The Year In Review

Submitted by Vicki Owens, ABR, CRS, GRI, Best Homes Real Estate

This year has proven to be an interesting one for single family home sales within the limits of our school district. As of 12/28/2010, there are 245 single family homes listed for sale. There are 39 homes indicated as pending sale or in contract. A little over 16%, or 44 of the 289, are indicated as either bank owned (foreclosed homes) or short sale properties (pre-foreclosure). The average days on the market for homes currently listed is 155 with an average list price of $202,516.

Closed and successful sales year to date show an average list price of $167,050 and average selling price of $161,230 with days on the market being 93. Of all 245 sold, 20.4%, or 50, are indicated to be bank owned or short sale properties. 135 of these homes closed by 6/30/2010, in time for the government stimulus offered for home buyers.

In comparison to 2009, the good news is that the average sold price improved a bit in 2010. However, the volume of sold homes declined. In 2009, for the same time periods 1/1-12/28, 301 properties had sold. The average list price was $161,218 and average sold price was $155,717, with days on the market averaging 88.

In comparison to 2008, the good news is that the days on the market improved in 2010. However, the volume of sales declined in 2009 and then again in 2010. In 2008, for the same time periods 1/1-12/28, 312 properties had sold. The average list price was $171,954 and sold price $165,863, with days on the market averaging 107.

It's interesting to note as well that no homes sold over for a price of over $400K in 2009 or 2010. In 2008, 4 homes had selling prices of over $400K with the highest being $635K that had a list price of $699K and was on the market 594 days. The highest price listing sold in 2010 did have a list price of $417,900, however was sold for $355K.

In all price ranges in the last 3 years there has been quite an adjustment compared to 2002-2007. In 2010, 56 fewer homes sold than in 2009 but at a 3.4% higher average selling price. The list price to sold price average remained a steady 96% in all 3 years (meaning that homes that did sell sold within an average of 96% of their listed price).

Experts are predicting that we will continue to see recovery of the market in 2011. Although the volume of sales were lower in 2010, the sold prices were a little higher. In our area, we are looking to some job growth and in 2010 did see a few more employee relocation packages for those owners leaving or moving into the area.

Location, location, location. Our location is just 20 minutes to the Dublin business district, in comparison to Hilliard, Dublin & Powell, area property taxes and average home prices are more affordable, good school & low crime ratings, a smaller population and a fairly easy commute for those wanting to leave the congestion of the larger city. In addition, the availability of the USDA financing program is a plus! It makes sense to many potential home buyers that a move to Marysville is a great decision.

Statistical data deemed reliable but not guaranteed from Columbus MLS for the Marysville Exempted Village School District for dates 1/1-12/28 for years 2010, 2009 & 2008. Vicki Owens, ABR, CRS, GRI, Realtor & Owner of the Best Homes Real Estate Marysville Branch Office at 127 West 5th Street in Marysville has served the Marysville area since 2003. A top ranking agent closing over 16 million in residential real estate transactions assisting both home buyers & sellers within a 30 mile radius of the area. A Marysville resident since 1999. To learn more or discuss your real estate goals, feel free to call her at 937-644-3385 or 614-440-5174, email to movetomarysville@gmail.com or visit her website www.movetomarysville.com for more information.