Homes on the market: 159 Greater Short North Homes and Condos for sale today

• $255,953
• $189/sf and
• 279 days on market – see below
• CONDOS ONLY – 114 Listings, $$237,880 1259 sf, $201/sf, 333 DOM*
• HOMES ONLY – 45 Listings, $301,738 – 1901 sf – $159.63 sf – 142 DOM

*The current Active Short North condo market has many unsold, long-time listings From Harrison Park which skews both days on market and average list price. This is the first update since it was announced that Ibiza will be turned into apartments, not condos.

Greater Short North Homes in contract with escape clauses:

(1) A three bedroom three bath 1620 sf condo on Dennison Place is in contract contingent on the sale of a home. It is listed at $270,000.  Because of the contingency, an interested buyer could conceivably swoop in and make an offer that would force the hand of the current buyers in contract with the home sale contingency.

(I’m surprised that there aren’t a few more of these, ala Empty Nesters in Columbus suburbs selling their homes and moving to be closer to the action. Maybe the Spring and the impending end of the $6500 tax credit will bring some more home sale contingencies-though Sellers aren’t generally accepting them unless the Buyer’s homes are in-contract and past the inspection period)

Greater Short North Homes in Contract contingent on financing/inspections as of today: 34

• Averaging 1360 sf
• $268,074
• $207/sf
• 97 days on market
• CONDOS ONLY – 26 w/ avg of $288,528, 1340 sf (!) $226/sf, 109 DOM – Most of these are  in The Jackson
• HOMES ONLY – 8 with an avg of $201,600 – 1424 sf – $131/sf – 81DOM

Greater Short North area Homes in firm contract as of today: 4-all condos

• Averaging 1608 sf
• $303,350
• $181/sf
• 332 days on market 2 of them are in Harrison Park w/ 522 DOM, 1 on Summit, 1 on Brickel

Greater Short North area Homes SOLD in January and February, 2010: 30

• Averaging 1368 sf
• $233,617 avg List but a $225,125 Sale price or 96.32%
• $199/sf (up $34/sf over last quarter)
• 117 days on market – 2 weeks longer than last qtr
• CONDOS ONLY – 9 @$206,108, 1324 sf, $198/sf, 171 DOM
• HOMES ONLY – only 3! @ $302,933- 1931 sf – $183/sf –81 DOM

This 3 story home with 5 bedrooms at 122 W 2nd Ave sold for $356,500 just over a week ago after 3 days on market

The Most expensive home on the market at the moment is (still ) 1029 Neil which boasts 3,800 sq ft, 4 bedrooms, 2.5 baths and is listed at $649,000. It has been active on the market a whopping 675 days.

Two of the least expensive homes in the area at the moment are both two bedrooms – 1071 North 4th came on the market about a week ago, a small cottage-y home in need of lots of love for $45,000 and 252 Detroit which has been on the market a year with 770 sf at $79,900.

Homes and Condos temporarily off the market – 3 all condos

71 East 5th Ave 1 bedroom at $89,000, 11 West 3rd, 1 bed at $249,000, 949 Neil 2 bed, $329,000

Joe Peffer is a Realtor who works in Victorian Village, the Short North, Italian Village, Harrison West and specializes in midtown Columbus Neighborhoods.

Would you like me to break it down by Victorian Village vs Italian Village or just condos? Call or email me anytime with questions or concerns and I will be glad to get back to you.

This 2 bed, 2.5 bath 1,634 sf home on West Second in Victorian Village sold recently for $296,000 after 16 days

This update includes all of the near North from Nationwide Blvd to approximately King Avenue

Homes on the market: 166 Greater Short North Homes and Condos for sale today

• $282,494
• $199/sf and
• 285 days on market – see below
• CONDOS ONLY – 123 Listings, $276,752 1323 sf, $215/sf, 341 DOM*
• HOMES ONLY – 43 Listings, $303,122 – 1959 sf – $160 sf – 144 DOM

*The current Active Short North condo market is littered with unsold, long time listings From Harrison Park and Ibiza which skews both days on market and average list price.

Greater Short North Homes in contract with escape clauses:

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

Greater Short North Homes in Contract contingent on financing/inspections as of today: 25

• Averaging 1422 sf
• $291,509
• $225/sf
• 103 days on market
• CONDOS ONLY – 20 w/ avg of $292,206, 884 sf, $236/sf, 100 DOM – Most of these are (still) in The Jackson
• HOMES ONLY – 5 with an avg of $288,720 – 1669 sf – $181/sf – 105DOM

Greater Short North area Homes in firm contract as of today: 1

• Averaging 1168 sf
• $124,8005
• $107/sf
• 40 days on market – 141 W 2nd Ave

Greater Short North area Homes SOLD since Oct 1, 2009: 30

• Averaging 1553 sf
• $233,015 avg List but a $225,513 Sale price or 96%
• $165/sf (down $8/sf over last quarter)
• 103 days on market
• CONDOS ONLY – 12 @$206,108, 1324 sf, $198/sf, 171 DOM – Nicely spread out
• HOMES ONLY – 18 @ $238,450, 1681 sf – $147/sf – 57 DOM – about 2 weeks less than Q3

The Most expensive home sold so far in Q4 2009 was 448 West 2nd in Harrison West. A 4 bedroom, 3.5 bath 2-story built in 2003, it sold for $362,500 on Dec. 3 which was 94.2% of the $385,000 list price.

One of the least expensive homes this year at 951 Hunter is in contract listed at $114,000. It is a 636 square foot cottage with one bedroom that is bank owned and had multiple offers. The inside of this home had been updated recently and it had sold for $159,000 in May of 2004.

Joe Peffer is a Realtor who works in Victorian Village, the Short North, Italian Village, Harrison West and other Columbus Neighborhoods.

Would you like me to break it down by Victorian Village vs Italian Village or just condos? email me and I will be glad to

Call Delicious Real Estate (614-358-5515) to discuss your 2010 home purchase.

A quick review of National Association of Realtors’ Chief Economist Lawrence Yun’s 2010 preview looks positive. I would caution it as maybe even being a little optimistic and would suggest a 12-15% uptick over 2009 first quarter sales here in Central Ohio. I think over the Holidays a lot of Columbus singles, couples and families will have long discussions about home buying and hit the new year resolved to buy a home in 2010. I think once the tax credits expire and interest rates start to creep up, the second half of 2010 will be slow here in and around Columbus.

As for the rest of the country, this is what Yun has to say….In all, 4.4 million Americans look to take advantage of the home buyer tax credit before it expires by the middle of next year. From the enactment in February of this year through October, NAR estimates 1.8 million households would have qualified to claim the first-time home buyer tax credit. Now with the tax credit deadline extended till the end of June 2010 (for closings, with contracts signed by the end of April, 2010) and also available to many move-up buyers, an additional 2.6 million families would likely claim the home buyer tax credit.

The expected boost to existing home sales by more than 20 percent in the first half of 2010 from comparable period one year before will sufficiently trim away inventory such that home values will begin to show increases by the middle of next year in many parts of the country. The median existing home price could rise by 2 to 4 percent in 2010. New home sales could jump by nearly 50 percent, though from very depressed levels to figures that would be less than half the pace as during the peak sales year in 2005.

One assumption underlying the home sales forecast is Read the rest of this entry »