 If one word would describe the early numbers for May 2009, it would be: Down. Now, don’t get down… the market is. We have to balance the down by staying “up” while accepting the truth. Here’s a preview. Final Columbus housing market charts for May will be available in a few weeks. The $8,000 dollar first time Columbus home buyer tax credit is lighting a small fire this year, but there will not be enough capable buyers to fix things yet. Having it is better than without it. MAY 2009 Preliminary Columbus Real Estate Market Report SOLD = Down. For May, it’s the lowest number of sold homes in a decade by 300+ properties. Even with an average price home value, that’s nearly $50 million dollars not flowing during one of our peak months. IN CONTRACT = Down. This is a tough one to swallow, because it’s a month ahead of schedule. In contract Columbus area homes went down slightly in May. It usually trends down in June. If that doesn’t tell you something?! It tells me a lot. NEW LISTINGS = Down in a GOOD way. Newly listed (or expired / relisted) home inventory is dropping which is good. It’s following the annual trend close enough. The challenge is how many available Columbus houses are for sale right now. It outnumbers capable buyers in an unhealthy way. AVERAGE SALE PRICE = Way Up, but… Ok, so you want to celebrate the average sale price being back up to the golden years of real estate (2003 – 2007). I’ll give you a moment to do that. [here’s your moment] The reality is this average price has little to do with your home value in Columbus. Why is the average home sale price up? $500,000+ That magic number is the reason. Last month, sales of Columbus homes with a list price of a half million dollars or more doubled. That increases the average. The exact opposite happened in November 2008 when Columbus housing sale prices, not your home value, decreased. HOME VALUE AND APPRECIATION in Columbus = Down. From January to May 2009, we’re averaging a home value $10,000 less than the same time last year. No matter where you are in central Ohio, if you own a home, you’re being affected. Even areas that aren’t loosing value have lost what could’ve been attained. I just went in contract on a Dublin Ohio home that should be worth a bit more. This is slowing down where gains could be made, and it’s crippling many where losses are still happening.  Kevin Foster Home Central Realty Columbus and central Ohio Real Estate / REALTOR Call: 614-505-0385 Email: Our past accuracy is your future Columbus home selling success..  Copyrights © 2009 CMHRETV. Views expressed on this website are that of the author and not necessarily the views of Kevin Foster, Home Central Realty, any REALTOR® organization or any other agent affiliated with them. In some cases, views are not necessarily those of CMHRETV and Axihome. CMHRETV is not responsible for the accuracy and content of third party information, comments and links to websites. Information deemed reliable but not guaranteed. Information is subject to change without notice or further update to this post. |
 APRIL 2009 Columbus Housing Report: Columbus housing market - CLICK HERE to see the picture graphs below Note: 3 - 4 week delay provides greater accuracy of the prior months housing market (i.e. sold homes) Many Columbus Ohio homes are sitting on market for so long, if you don't need to sell, take it off the market. Keeping it for sale for nearly a year to years looks to show that you don't need to sell no matter if your situation is good or bad. The positives: - We've not bottomed out, but Columbus and central Ohio real estate is finding a normal range ... at least for now. - New listings for May have dropped (so far). That good, because it's bucking the normal trend. - Columbus Ohio is still doing well enough compared to other places. The negatives: - [same as positive] We've not bottomed out, but Columbus and central Ohio real estate is finding a normal range ... at least for now. - 14,800 = the number of Active listings seeking a Columbus home buyer. It's too many, and will continue to be a challenge for quite some time. APRIL 2009 Housing Report Let's take a look:  Columbus real estate SOLD: How many houses are no longer sitting on the Ohio market with a median sale price of $148,973 in April 2009  Columbus housing report: Columbus homes for sale now in contract April 2009  Columbus realty listings: Number of newest houses for sale showing up in your Ohio home search April 2009 Many of these have been recycled ... basically sitting on the market, expired, and relisted.  Columbus appreciation 10 year comparison and Columbus average price home trend and value gain and loss April 2009  Ohio real estate prices: Percentage of Columbus home list price vs. Columbus housing average sale price April 2009     It’s your move. Move forward. www.columbusohiorealestate.tv Call: 614-505-0385 |
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Copyrights © 2009 CMHRETV. Views expressed on this website are that of the author and not necessarily the views of Kevin Foster, Home Central Realty, any REALTOR® organizations or any other agent affiliated with them. In some cases, views are not necessarily those of CMHRETV and Axihome. CMHRETV is not responsible for the accuracy and content of third party information, comments and links to websites. Information deemed reliable but not guaranteed. |
 Recently, I met a Dublin homeowner who really, really "gets it." It's an agents' dream homeowner, and I'm really looking forward to not only getting the home sold but representing only the owners' best interest in the transaction. It's a 3 bedroom, 2.5 bathroom, 1,548 sq. ft., 4 level split, awesome updated home in Sawmill Forest. The home will soon be for sale, so progress reports are coming. Early offers are welcome! Many more details very soon. When I say awesome updates ... well ... you'll soon see. Location details: - Right around the corner from Olde Sawmill Square. - Literally a block away from Kroger Marketplace Centre off Sawmill Road north of 270. - If you're relocating to Dublin, then check out Dublin Convention & Visitors Bureau. - If you're not new to central Ohio, but moving up to your next home in Dublin Ohio, then check out City of Dublin Ohio for services and information.  It’s your move. Move forward. Columbus Ohio Real Estate TV Call: 614-505-0385 |
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Copyrights © 2009 CMHRETV. Views expressed on this website are that of the author and not necessarily the views of Kevin Foster, Home Central Realty, any REALTOR® organizations or any other agent affiliated with them. In some cases, views are not necessarily those of CMHRETV and Axihome. CMHRETV is not responsible for the accuracy and content of third party information, comments and links to websites. Information deemed reliable but not guaranteed. |
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The positives: - There are some great deals to be found - First time home buyers will be more successful long term (TIP: stay put in your house and don't refinance!) - This is a market correction, so the sooner it corrects - the better The negatives: - Do you really want to know? We have regressed 10 years! Keep reading. For all the positive upbeat stories of fantastic buying deals and first time home buyer incentives, we can't forget that there's still an underlying problem. The real estate sky continues to fall right now. The decrease in home value is actually a correction that is necessary, so it's good. Unfortunately, it's bad to be good. We have regressed 10 ... count them ... 10 years with nearly every category of real estate. There's a bigger problem. Not only have we regressed 10 years, but with an increased population, we are also adding more fuel to the Columbus real estate fire. Let's take a look:  Columbus Ohio real estate: Sold Columbus homes chart  Columbus realty: Columbus Ohio homes in contract chart  Columbus Ohio realty: Newly listed metro Columbus homes for sale chart  Columbus house prices and Columbus home value  Buckeye real estate: Columbus home sale price vs. Columbus house list price As for the upcoming high season, yes activity will increase over the next few months. It isn't a market bottom or turn around. It's the natural seasonality of Columbus Ohio realty. Based on the current Columbus realty trend, the central Ohio housing market will be similar to last year (2008) in some areas and similar to 2000 and 2001 in all other areas. The price is the only unfortunate stand alone area. It's definitely a correction. We will get through it. Choose your central Ohio agent wisely. It’s your move. Move forward. www.columbusohiorealestate.tv Call: 614-505-0385 |
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Copyrights © 2009 CMHRETV. Views expressed on this website are that of the author and not necessarily the views of Kevin Foster, Home Central Realty, any REALTOR® organizations or any other agent affiliated with them. In some cases, views are not necessarily those of CMHRETV and Axihome. CMHRETV is not responsible for the accuracy and content of third party information, comments and links to websites. Information deemed reliable but not guaranteed. |
  If you’ve had your home for sale over four months, why not take a break for two months. Take it off the market. Chances are not in your favor for selling right now especially if you’re concerned with the price. It is, however, the best two months to buy a home if you find the right one. Why not break your new home in right with a bit of snow shoveling? 1. You’ll definitely need one, and 2. You can afford a brand new shovel with the money you’ll save. Now, don’t get me wrong. The housing market is still moving. On average, over 1,100 properties sell in each month of January and February. Home sales, though, are a bit sickly compared to the rest of the year. The most active month sells over 2,400 homes. Continue reading. CLICK HERE... |
 Kevin Foster is the president of Columbus Ohio Real Estate TV, a realty focused marketing firm, and a real estate agent and REALTOR® with Home Central Realty in Gahanna serving central Ohio. Have questions about real estate or want to learn more, click to email or call: 614-505-0385. |
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Copyrights © Kevin Foster.
Views expressed on this website by Kevin Foster are that of the author and not necessarily the views of Home Central Realty or any other agent affiliated with them. Kevin Foster is not responsible for the accuracy and content of third party information, comments and links to websites. Information deemed reliable but not guaranteed. |
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We draw your Columbus and central Ohio real estate road map. You decide your direction.
About 1 out of 10 Columbus area homes actually sell.
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Columbus Ohio Real Estate TV™ (CMHRETV), now a part of Story of Home, provides you with real estate news, home buyer advice, home selling facts, local housing market statistics & reports and information that can be customized to your life. It’s decision making information for you, central Ohio’s real estate customers.
Kevin Foster is the marketing director of Columbus Ohio Real Estate TV, a realty focused marketing firm, and a real estate agent and REALTOR® with Home Central Realty in Gahanna serving central Ohio.
Kevin is a licensed sales agent in the state of Ohio by the Division of Real Estate and Professional Licensing. He is also a member of the Columbus Board of REALTORS®, the Ohio Association of REALTORS®, and the National Association of REALTORS®.
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