This Attached 3 bedroom Condo on City Park Avenue in German Village was Bank-Owned and sold in 9 days for only $170,100

This update includes German Village proper and  the Brewery District and goes back two months until around the 3rd week of August, when many homeowners like to be out before the start of the school year and moved in at their next home.

Homes on the market: 120 Greater German Village Homes and Condos for sale today (Down by about 1/3 compared to this time last year)

• $439,567
• $213.44/sf and
• 166 days on market.
• CONDOS ONLY – 43 Listings, $244,886 1502 sf, $162/sf, 164 DOM
• HOMES ONLY – 77 Listings, $548,286 – 2128 sf – $239.25 sf – 166 DOM

Greater German Village Homes in contract with escape clauses contingent on the sale of another home: None

Greater German Village Homes in Contract contingent on financing/inspections as of today: 8

• Averaging 1954 sf
• $327,525
• $150.70/sf
• 103 days on market
• CONDOS ONLY – 2 w/ avg of $364,450, 1840 sf, $105/sf, 58 DOM
• HOMES ONLY – 6 with an avg of $315,217 – 1916 sf – $158.28/sf – 118 DOM

Greater German Village area Homes SOLD over the last 60 days: 14

• Averaging 1533 sf
• $254,005 avg List but a $238,964  Sale price or 94%
• $169.14/sf
• 151 days on market
• CONDOS ONLY – 7 @$177,786, 1840 sf, $105/sf, 58 DOM
• HOMES ONLY – 7 @ $300,143, 1806 sf – $201/sf – 191 DOM

Fewer homes on the market, slightly higher sales prices, though lower per square foot, exceptionally large-over 2100 square feet on average, and exceptionally expensive–almost an average of $440,000– homes on the market.

Why? Well, the median is more like 1800 square feet and about $300,000 with an average days on market of only 120 days–about 6 weeks fewer than the average. The most expensive home on the market in German Village continues to be 133 East Deshler at $1,695,000 and 3 bedrooms, 3.5 baths and 3800 square feet.

Another reason why list prices are skewing high is because there are currently 12 homes active on the German Village market that top the  Million Dollar mark; in fact they’re all over $1.13MM and a whopping five of them are on Deshler- though 3 are on Beck Street. The median list price of those 12 homes comes out to about $360/square foot.  I might add that they’re all beautiful.

This 1541 square foot 2 bedroom, 2 bath German Village home on Mohawk Sold recently for $363,500 after 17 days on the market.

Joe Peffer is a Realtor who works in German Village, Schumacher Place, the Brewery District, Merion Village and other Columbus Neighborhoods.

Would you like me to break it down by German Village vs Brewery District or just condos, Schumacher Place vs Merion Village? email me and I will be glad to help any way I can.

You May also enjoy this October 2009 German Village market update