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Clintonville Real Estate – Market Update in a post-tax-credit era

May 10th, 2010 Categories: Clintonville, Real Estate, buyers, sellers
This 3bed, 2bath, 1853sf home on Brevoort sold for $267,900 last month after 16 days on market.

This 3bed, 2bath, 1853sf home on Brevoort sold for $267,900 last month after 16 days on market.

Homes on the market: 147 Active Clintonville homes for sale.

Averaging 1,662 sf,

  • $245,932
  • $148/sf and
  • 87 days on market.

Currently, there are 77 Clintonville Homes in Contract

–contingent on financing/inspections as of today:67

  • Averaging 1520 sf
  • $208,869
  • $150/sf
  • 53 days on market

Clintonville Homes Firmly In Contract passed inspection period as of today: 10

  • Averaging 1452 sf
  • $197,390
  • $138/sf
  • 17 days on market

Clintonville Homes Closed in April, 2010: 43

  • Averaging 1510 sf
  • $215,527 avg List but a $208,338 Sale price or 97%
  • $149/sf
  • 47 days on market

Clintonville Homes Closed first quarter 2010 (Jan-March 31): 61

  • Averaging 1453 sf
  • $205,218 avg List but a $197,820 Sale price or 96%
  • $146/sf
  • 81 days on market

Clintonville Homes in contract with escape clauses: none

Clintonville saw a busier than normal Winter market, thanks to the tax credits and remains a solid Columbus housing market neighborhood.  While Clintonville almost always does well year round, the expiring tax credit has more homes currently in contract than sold the first three months of the year. While I continue to believe that for many first time home buyers Clintonville prices are too much of a reach, the homes keep moving from the shelves and it’s certainly not all move-up buyers.

One reason Clintonville did do well during the tax credit era was that 1st time buyers are now saving up more money than the mid 2000’s and can afford more house because of it. Also, the $6500 tax credit to sellers helped encourage sellers, especially on the fringes, to move up-albeit slightly-from their smaller Clintonville homes to larger ones.

Joe Peffer is a Realtor who works in Clintonville, Beechwold and other Columbus Neighborhoods.

Would you like me to break it down by 43214 vs 43202 or  Northmoor vs Beechwold? email me and I will be glad to

25 mph down High Street in Clintonville?

March 1st, 2010 Categories: Clintonville
I’m not sure what to think about this idea…a 25 mph speed limit on High in Clintonville and on North Broadway. Since I’m always late getting my kids to their soccer games and practices at Whetstone Park,  I have to think 35 looks better. Seriously though, posting a sign doesn’t make it so and, while I like the idea of businesses up and down  High Street getting a little extra traffic due to lower speed limits, the reality is, in my opinion, that 25 is just too slow.
Main Street is 25 mph in Bexley and it drives me crazy every day.  An insightful and well considered post can be found here at Xing Columbus.

A push to reduce the speed limit on N. High Street and North Broadway through Clintonville could turn into an effort to make the entire neighborhood a 25-mph zone.

The Clintonville Area Commission says it will likely first ask the city to reduce the speed limit from 35 mph to 25 mph on High Street between Arcadia Avenue and the Worthington line, and on North Broadway between Rt. 315 and I-71, said Michael Folmar, a member of the Clintonville Area Commission.

“What we hear from residents in the neighborhood is High Street is still not pedestrian friendly,” said Mike McLaughlin, a commission member.

Reducing the speed limit on High Street is a good start, say members, who may bring it up at next Thursday’s commission meeting.

“I’d like to see 25 miles an hour in all of Clintonville,” said Folmar, a co-chairman of a committee that will study speed limits.

But it’s unlikely that city officials would approve a neighborhood-wide speed limit. They never have, said Rick Tilton, assistant public service director.

“The city studies one street at a time,” Tilton said. “It’s not a case of one size fits all.”

And the Ohio Department of Transportation must approve any speed limit change.

Clintonville residents and business owners say the city should consider the request.

Katie Palmer, who owns SoBo Style at 3282 N. High St., said that when someone parked in front of her store last week and opened her car door, another car zoomed by and tore it off.

“They speed through here,” said Palmer, who added that a slower speed limit would make High Street businesses more inviting.

Still, the city recently completed a traffic study supporting 35 mph speed limits on High Street and Indianola Avenue, McLaughlin said.

The city studied the stretches of High and Indianola between E. North Broadway and Weber, Tilton said.

The commission hasn’t taken a position on those studies as the committee continues to discuss speed limits, said D Searcy, chairwoman of the Clintonville Area Commission.

On the Northwest Side, residents were unsuccessful last year in getting the city to reduce the speed limit on Olentangy River Road from 45 mph to 35 mph between Rt. 161 and Bethel Road.

“We knew it wasn’t easy going in,” said Jennifer Adair, who leads the Northwest Civic Association.

Searcy said she knows the city is reluctant to reduce speed limits.

“I think we’re pushing a stone uphill to get that accomplished,” she said.

The Clintonville Chamber has not come out with an official position. But McLaughlin said a 25-mph speed limit on High Street would help Clintonville’s commercial corridor.

He said some businesses might be reluctant to locate there because of what he calls the “rush, rush, rush of High Street.”

High Street’s speed limit through the campus area is 25 mph, and it’s 30 mph in the Short North.

McLaughlin said the speed limits in successful commercial areas, such as E. Main Street in Bexley, Grandview Avenue in Grandview Heights and High Street in Olde Worthington, are all 25 mph.

McLaughlin said the commission would have to ask residents if they want the speed limits reduced on other streets, including Morse and Weber roads and Indianola Avenue.

“It’s one thing to get the speed reduced, More Here from the Columbus Dispatch

THE COLUMBUS DISPATCH

Clintonville Real Estate Market Update

December 14th, 2009 Categories: Clintonville, market updates
This 3 bed, 2 bath Home on West Lakeview sold in Late November for $202,000 and has a 2nd floor deck

This 3 bed, 2 bath Home on West Lakeview sold in Late November for $202,000 and has a 2nd floor deck

Homes on the market: 124 Active Clintonville homes for sale.

Averaging 1,599 sf,

  • $239,137
  • $162/sf and
  • 112 days on market.

Clintonville Homes in contract with escape clauses:

Two – These are Homes you could still, conceivably, swoop in and buy

256 East Longview and 464 E Torrence listed at $189,900 and $269,900 respectively

Clintonville Homes in Contract contingent on financing/inspections as of today: 16

  • Averaging 1452 sf
  • $188,925
  • $138/sf
  • 74 days on market

Clintonville Homes Firmly In Contract passed inspection period as of today: 10

  • Averaging 1416 sf
  • $160,980
  • $120/sf
  • 54 days on market

Clintonville Homes Closed over the last 75 days: 74

  • Averaging 1544 sf
  • $213,584 avg List but a $204,113 Sale price or 96%
  • $139/sf
  • 67 days on market

My impression of the Clintonville Real Estate market since October 1 is that there were a lot of bargains picked up over the last two months and that first time buyers were cramming them in to beat the initial Nov 30 deadline, taking what the market would dish out. It’s been a very competetive year for Clintonville where it continues to be more of a Sellers Market than a Buyers Market despite what I believe to be continually “realistic” pricing forced by Buyer Action.

Joe Peffer is a Realtor who works in Clintonville and other Columbus Neighborhoods.

Would you like me to break it down by43214 vs 43202 or  Northmoor vs Beechwold? email me and I will be glad to

The Clintonville Real Estate Update

October 5th, 2009 Categories: Clintonville, Real Estate, buyers, market updates, sellers

This 3 bed, 1.5 bath, 1481 sf home at 227 East Schreyer sold a few weeks ago for $235,000

This 3 bed, 1.5 bath, 1481 sf home at 227 East Schreyer sold a few weeks ago for $235,000

Homes on the market: 147 Active Clintonville homes for sale.

Averaging 1,648 sf,

  • $249,689
  • $162/sf and
  • 84 days on market.

Clintonville Homes in contract with escape clauses:

None – No Homes you could still, conceivably, swoop in and buy

Clintonville Homes in Contract contingent on financing/inspections as of today: 36

  • Averaging 1479 sf
  • $212,814
  • $146/sf
  • 89 days on market

Clintonville Homes Closed over the last 90 days: 67

  • Averaging 1340 sf
  • $192,134 avg List but a $186,652 Sale price or 97%
  • $141/sf
  • 61 days on market

Joe Peffer is a Realtor who works in Clintonville and other Columbus Neighborhoods.

Would you like me to break it down by43214 vs 43202 or  Northmoor vs Beechwold? email me and I will be glad to

Walk on Walhalla – the 27th Clintonville Tour of Homes – Wows Columbus

September 16th, 2009 Categories: Clintonville

WalhallaSpeaking of Home Tours, this year’s 27th Clintonvile Tour of Homes which focused on homes up and down the Walhalla Ravine, brought an estimated 2,000 tour goers to the area. Not a bad crowd at all and possibly a record. Not being as spread out as years past no doubt helped.

 ….”I thought it was fantastic,” Osborne said.
“The weather was perfect,” Milligan said. “The walk-ability of the tour was rejoiced. I think that that really encouraged people to see all the homes and take advantage of the views and the ravine.

“The menu of things that went on was the perfect recipe for a great day.”

Nearly 2,000 people turned out for “A Walk on Walhalla” to ooh and aah over eight homes of widely varying ages and styles, all clustered along the Walhalla Ravine.

“Each one of them was extremely distinctive, but they all shared a real stewardship for being located on the ravine,” Milligan said. “They really embrace and protect what they have.”

“That sums up Clintonville,” Osborne said. “It’s such a tight-knit community, but it’s so eclectic and different.”

Based on the checks she received for the advance price of $12 for the regular tour or $50 for a less crowded pre-tour walk through the homes, Milligan said that attendees came from not only the immediate neighborhood but also Dublin, Bexley and even Washington, D.C.

Tickets were ….more

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