Chad Boyers

Here are the numbers for Sylvania, OH for the first quarter of 2009, as well as stats from the first quarter of 2008 for comparison. What you will be able to see and compare are the number of homes that were listed and sold, the average and median prices, and average time on market. You will also see a spot that says "Inventory Accum.". This is essentially an estimate of how long it will take to sell all of the currently listed homes in terms of months. You can see how this is calculated right above the third blue bar. By the way, these charts are only for single family residential homes, not condos, commercial, or multiple family properties.

Here are what the numbers say...

Average List Price:$209,610 vs $191,653 (+9.4%)

Average Sold Price:$184,329 vs $207,436 (-11.1%)

Median List Price:$187,200 vs $179,900 (+4%)

Median Sold Price: $156,000 vs $196,200 (-20.5%)

Units Listed:171 vs 197 (-26)

Units Sold:55 vs 64 (-9)

Average Days On Market (DOM):114 vs 126 (-12)

Inventory Accumulation: 6.33 mo. vs 6.23 mo. (+0.01)

These results are a little bit difficult to interpret. The average & median list price has gone up, which usually means the market is improving, but the average & median sales prices are down, which typically means the market is declining. There have been fewer homes sold, but also fewer listed, which is keeping inventory relatively stable, as shown by the average DOM and inventory accumulation. I would say that overall, buyers have been able to negotiate better deals this year versus last year, but that possibly prices are beginning to stabilize in this area. Time will tell, and this is still a great time to get a deal on a home.

If you have questions about these charts or about another area in Northwest Ohio, please feel free to contact me anytime.

If you are a buyer looking for homes, please go to www.RealEstateToledoOhio.com (or www.toledorealestatesearch.mobi from your web-enabled phone) to search all Northwest Ohio properties for sale, including Toledo, Sylvania, Perrysburg, Holland, Maumee, Oregon, Whitehouse, Waterville, Bowling Green, and more!

So here are the numbers for Toledo, OH for the first quarter of 2009. I'm also including stats from the first quarter of 2008 for comparison. The charts include all homes with a Toledo mailing address, so they will include homes that are in multiple school districts (Toledo, Washington Local, Sylvania, etc.). What you will be able to see and compare are the number of homes that were listed and sold, the average and median prices, and average time on market. You will also see a spot that says "Inventory Accum.". This is essentially an estimate of how long it will take to sell all of the currently listed homes in terms of months. You can see how this is calculated right above the third blue bar. By the way, these charts are only for single family residential homes, not condos, commercial, or multiple family properties.

Here are what the numbers say...

Average List Price:$82,362 vs $87,533 (-6%)

Average Sold Price:$49,698 vs $77,478 (-35.9%)

Median List Price:$69,900 vs $74,900 (-6.7%)

Median Sold Price: $28,669 vs $59,500 (-51.8%)

Units Listed:1625 vs 2054 (-429)

Units Sold:628 vs 565 (+63)

Average Days On Market (DOM):95 vs 87 (+8)

Inventory Accumulation: 4.76 mo. vs 7.91 mo. (-3.15)

These are definitely mixed results. The positives are that homes are selling slightly faster, and that the inventory is going down, leading to a more balanced market. That being said, the list and sales prices are down. The biggest reason for this is that the foreclosure and short sale rates have been rising sharply.

This is generally good news for buyers, in that you can likely get a very good deal on a home right now. For sellers, it depends on your situation. If you are "moving up" into a larger home, this can be good news also, since while you may lose money on your sale, you will likely save a much larger amount when you purchase.

If you have questions about these charts or about another area in Northwest Ohio, please feel free to contact me anytime.

If you are a buyer looking for homes, please go to www.RealEstateToledoOhio.com (or www.toledorealestatesearch.mobi from your web-enabled phone) to search all Northwest Ohio properties for sale.

Nobody would have had to convince me that Perrysburg is a great town and a great place to live. I've lived here for a year and a half and have thoroughly enjoyed it. My wife works in Perrysburg, and I've had the pleasure of helping folks buy & sell their homes in Perrysburg. It is nice to be able to brag once in a while about where you live, and although we aren't in the middle of a mountain range or on the ocean's coast, Perrysburg (and the Toledo area in general) is a great place to work, live, and raise a family.We have historical Fort Meigs, a school system that consistently gets Ohio's top rating, Owens-Illinois world headquarters, First Solar production facility, and many other great features and attractions.

Ohio Magazine recently awarded Perrysburg with the title "Ohio's Best Hometown 2009". It was one of 5 cities selected in Ohio. One of the reasons that Perrysburg was selected is because of it's wonderful blend of historical and modern elements. Read the magazine article here.

If you have any comments (hopefully positive) about Perrysburg or other local communities, I'd love to hear from you! Just post your comment below.

Well, I tried this whole blogging thing a year ago and didn't make the most of it, so here's to hoping the second time is a charm! I'm hoping that as time goes on, I will be able to provide some useful information relating to real estate in the Toledo, OH area, as well as some other general posts related to Toledo and northwest Ohio. Who knows, maybe I'll even put some interesting personal and family stories on here from time to time!

Another hope that I have for this blog is that you will want to post comments on what I've written, as well as ask questions and even make suggestions for future posts. I don't want this to just be a place for you to come and get some information, but a place for you to communicate and grow with me and others in our area. Northwest Ohio is a great place, I think that people around the country and world need to know more about us!

I think that this is the beginning of a great blogging experience for all of us. Help me make it the best that it can be!

Go Buckeyes!