Sylvania, OH

Here are the numbers for the second quarter of 2009 for Sylvania (including the township):

Here's a side by side comparison of 2009 vs. 2008:

2009 2008 Difference

Units Listed 183 227 -44 (-19.4%)

Units Sold 96 98 -2 (-2.04%)

Inventory Accumulation 2.72 3.95 -1.23 (-31.1%)

Average Sold Price $185,494 $195,110 -$9,616 (-4.9%)

Median Sold Price $165,000 $179,850 -$14,850 (-8.3%)

Average DOM 119 132 -13 (-9.8%)

As you can see, the results are mixed, although mostly positive. With less units listed and the same number sold, that means less overall competition and a lower inventory amount. Houses have been selling, on average, almost 10% quicker versus last year. The negative is that prices have been down versus 2008, although when compared with other areas (locally and nationally), the price drop isn't very significant at all.

Contact me today to get a free analysis of your home's value!

Don't forget that the first time home buyer's tax credit disappears on December 1st, the time to buy is TODAY!

On Sunday 6-28-09 a unique Sylvania Ohio home will be open from 2-4 PM. This Short Sale Property was purchased for $202,900 in July 2006. Tax Value is $210,00. Are you looking for a good deal. Then come this Sunday and meet Bert Spangenthal of The Lohman Team.

Located in the Sylvania School District, this Home has 4 Bedroom, 2 1/2 Baths, a Fabulous Kitchen with a very open look. Sunroom. Deck. Over 2500 square feet. For a Virual Tour Click Here.

Please feel to visit my web site at BertSellsToledoHomes.com for all your real needs. Your Remax, Resource for Toledo Ohio and the Toledo Ohio Areas. Bert Spangenthal, bertspangenthal@bex.net, 419-346-1458, The Lohman Team, RE/MAX Preferred Associates.

Oh by the way............If you know of someone moving to the Toledo Area please do not hesitate to contact me. I am never to busy for your Referrals.

Activities in Sylvania Ohio

See the Activities that Sylvania Ohio has scheduled. The 25th Jamie Farr Owens Classic Golf from June 29 to July 5, 2009 and ticket are available for one day events to weekly tickets. Get detailed information at www.jamiefarrowenscorning.com.

Sylvania's Star Spangled Celebration- the area's best fireworks and party will be on Friday July 3, 2009 at the newly renovated Centennial Terrace located at 5773 Centennial Road. Admission is only $5.00, children under 12 years of age $3.00, parking $5.00. The fireworks may also be enjoyed from Sylvania Pacesetter Park at 8801 Sylvania-Metamora Road. Parking is also $5.00 per vehicle at the park. Concessions will be available, families are encouraged to bring their own lawn chairs and blankets.
For more information call 419-882-1500.

Centennial Terrace & Quarry Event Calendar - Get the dates and activities for Centennial Terrace.

Many Beautiful Home for sale in Sylvania Ohio

A review of the Centennial Farms Subdivision in Sylvania Ohio is indicating that the market is beginning to warm up for the 2009 Spring/Summer Season. This neighborhood is in the Sylvania School District. In the last 6 months we have more Homes Sold or under contract than are for sale according to The Toledo Board of Realtors.

Sold

5950 Grainfield, 4 Bedrooms, 2 1/2 Baths, 1872 sq ft, $141,000

6075 Mitchel, 4 Bedrooms 2 1/2 Baths, 1900 sq ft, $191,000

Under Contract

8167 Mitchell, 4 Bedrooms, 2 ½ Baths, 2115 sq ft, Asking Price $194,900

6061 Apple Meadow, 3 Bedrooms, 2 ½ Baths 2394 sq ft, Asking Price $189,000

6025 Apple Meadow, 5 Bedrooms 2 ½ Baths, 2210 sq ft, Asking Price $219,000

Currently there are 3 Homes for Sale in this neighborhood. Price Range of $179,900 to $214,500.

Now is a Great Time to Buy or Sell a Home!

Please feel to visit my web site at BertSellsToledoHomes.com for all your real needs. Your Remax, Resource for Toledo Ohio and the Toledo Ohio Areas. Bert Spangenthal, bertspangenthal@bex.net, 419-346-1458, The Lohman Team, RE/MAX Preferred Associates.

Oh by the way............If you know of someone moving to the Toledo Area please do not hesitate to contact me. I am never to busy for your Referrals

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!