Clintonville Real Estate – Market Update in a post-tax-credit era
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
The Return of Third Thursday Open Houses and why it works in Bexley
This home at 2465 East Broad Street will be one of a dozen or so open during March's Third Thursday open house event in the Bexley area.
A few years back, some of the Realtor associations inside I-270 had an idea about Open Houses. Holding an open house on a day other than Sunday wasn’t a new idea but all agents, working together across brokerages to promote an additional opportunity to showcase listings was new. It wasn’t an idea that orginated from the local Board of Realtors, but in the field.
Fast forward to a week from tomorrow, the third Thursday in March, and the only open houses will be in one zip code -43209- Bexley, Berwick and Eastmoor. In fact, the last I saw, there were 25+ homes (listed below but still time for others) in Bexley and Eastmoor open.
It didn’t stick in Clintonville, it didn’t stick in the Short North or in German Village or Upper Arlington. Why has the idea not only survived but thrived in the Bexley, Berwick and Eastmoor area?
- It’s a smallish area, approximately 9.3 square miles.
- Between Broad Street, Main Street, Livingston Avenue and James Road, a large amount of cars pass by the Open House signs every month.
- Affiliates of the local real estate association help to underwrite a full page ad in the Bexley News the week prior which details the homes to be held open.
- In Bexley, a relatively small number of agents have many of the active listings at any one time and they urge the homeowners to participate.
- I believe that the last informal tally I heard indicated that 12 homes sold in 2009 where the buyer first saw the home on a Thursday in Bexley, Berwick or Eastmoor. Success begets more chances.
From last count, these are some of the homes that will be Open Thursday March 18 from aprox. 5-7 PM.
| Property | Price | Beds/Baths |
| Bexley: | ||
| 2787 Bellwood Rd. | $124,900.00 | 3 / 1 |
| 2500 E. Livingston Ave. | $157,900.00 | 3 / 1 |
| 2611 Stanbery Rd. | $173,900.00 | 4 / 1.5 |
| 934 Euclaire Ave. | $189,900.00 | 4 / 2 |
| 139 N. Stanwood Rd. | $197,000.00 | 3 / 1.5 |
| 499 N. Drexel Ave. | $239,900.00 | 4 / 1.5 |
| 232 N. Stanwood Rd. | $310,000.00 | 3 / 2.5 |
| 164 S. Stanwood Rd. | $315,000.00 | 3 / 1.5 |
| 320 N. Cassady Rd. | $320,000.00 | 5 / 3.5 |
| 243 S. Cassingham Rd. | $339,000.00 | 3 / 1.5 |
| 2825 Elm Ave. | $364,900.00 | 4 / 2.5 |
| 2551 E. Broad St. | $369,000.00 | 4 / 2.5 |
| 2394 Sherwood Rd. | $379,900.00 | 5 / 2.5 |
| 366 N. Stanberry Rd. | $397,000.00 | 5 / 3.5 |
| 2575 E. Broad St. | $429,000.00 | 4 / 2.5 |
| 345 Northview Dr. | $429,900.00 | 4 / 2.5 |
| 2640 E. Broad St. | $482,000.00 | 3 / 3.5+.5 |
| 2722 Fair Ave. | $499,000.00 | 4 / 3.5+.5 |
| 2694 Bryden Rd. | $515,000.00 | 5 / 3.5 |
| 2491 Fair Ave. | $575,000.00 | 5 / 4.5 |
| 2456 Fair Ave. | $650,000.00 | 5 / 3.5 |
| 2465 E. Broad St. | $789,000.00 | 4 / 2.5 |
| Eastmoor: | ||
| 116 N. Broadleigh Rd. | $119,000.00 | 4 / 2 |
| 167 S. Broadleigh Rd. | $139,900.00 | 4 / 2 |
| Bexley: | ||
| 2787 Bellwood Rd. | $124,900.00 | 3 / 1 |
| 2500 E. Livingston Ave. | $157,900.00 | 3 / 1 |
| 2611 Stanbery Rd. | $173,900.00 | 4 / 1.5 |
| 934 Euclaire Ave. | $189,900.00 | 4 / 2 |
| 139 N. Stanwood Rd. | $197,000.00 | 3 / 1.5 |
| 499 N. Drexel Ave. | $239,900.00 | 4 / 1.5 |
| 232 N. Stanwood Rd. | $310,000.00 | 3 / 2.5 |
| 164 S. Stanwood Rd. | $315,000.00 | 3 / 1.5 |
| 320 N. Cassady Rd. | $320,000.00 | 5 / 3.5 |
| 243 S. Cassingham Rd. | $339,000.00 | 3 / 1.5 |
| 2825 Elm Ave. | $364,900.00 | 4 / 2.5 |
| 2551 E. Broad St. | $369,000.00 | 4 / 2.5 |
| 2394 Sherwood Rd. | $379,900.00 | 5 / 2.5 |
| 366 N. Stanberry Rd. | $397,000.00 | 5 / 3.5 |
| 2575 E. Broad St. | $429,000.00 | 4 / 2.5 |
| 345 Northview Dr. | $429,900.00 | 4 / 2.5 |
| 2640 E. Broad St. | $482,000.00 | 3 / 3.5+.5 |
| 2722 Fair Ave. | $499,000.00 | 4 / 3.5+.5 |
| 2694 Bryden Rd. | $515,000.00 | 5 / 3.5 |
| 2491 Fair Ave. | $575,000.00 | 5 / 4.5 |
| 2456 Fair Ave. | $650,000.00 | 5 / 3.5 |
| 2465 E. Broad St. | $789,000.00 | 4 / 2.5 |
| Eastmoor: | ||
| 116 N. Broadleigh Rd. | $119,000.00 | 4 / 2 |
| 167 S. Broadleigh Rd. | $139,900.00 | 4 / 2 |
How to Turn your $8,000 Columbus Home Buyer tax credit into $9,000….. or more
It's all part of constructing a better Real Estate Brokerage Model
If there is anyone out there in Central Ohio still considering the purchase of their first home, now is the time. I am not a cheerleader type, especially for the same sort of party line that all real estate agents are eschewing right now.
That said, the truth is, there’s never been a better time to buy your first home. Interest rates are at historically low levels and thought to be increasing soon. Housing stock, even at this time of year, is plentitful and growing and less expensive than it may have been a couple years ago.
And, oh yeah, there is an $8,000 tax credit for first time Buyers and a $6,500 tax credit for Sellers. There’s never been a better time to buy your first home. Until now.
Delicious Real Estate is rebating cash back to all buyers.
- $1,000 to Buyers of homes $135,000 and over
- $2,000 to Buyers of homes $235,000 and over
- $3,000 to Buyers of homes $335,000 and over
Just like the tax credit, this offer only extends to any buyer who is in contract on a home by April 30, 2010. Unlike the tax credit, this offer is not limited to first time buyers, rather it is open to any buyer.
*Buyers must be pre-approved by lender of choice.
*Homes must be in Franklin or contiguous Counties.
*The rebate will mentioned in the purchase contract for the home and listed on the settlement statement as required by state law.
*You must know the secret password which means you read to at least the middle of the post. The secret password is “Go Clippers!”
*Call, email or stop by for more information
Why am I doing this?
- I’m driven to prove that a better buying and selling experience is possible for less.
- I want to get the Delicious Real Estate name out in the world more than I have in the first year of the Firm’s existence.
- I’m concerned Read the rest of this entry »
Selling your Columbus Area Home? Do This!
Buyers like peace of mind. Give it to them.
>>improvement list for your for sale Columbus home <<
Your home is for sale. You want to make a good impression on would-be buyers and stand apart from the crowd. You want to convey as much meaningful information as possible without getting emotional and you want buyers to know that your house is better/more sound/more improved than the rest of the homes for sale in Columbus, Ohio.
Do this. Make a list of improvements you’ve done to your home since you’ve owned it. Put the big improvements at the top. Don’t be shy, put the associated price tag. Buyers want to buy your home for the least amount of money possible and when they see the money you’ve put into your home, they’re less likely to hold your list price against you. Better yet, they’re going to feel great about purchasing your home because they know when the roof was put on, when the air conditioning unit was installed, when you updated the electric lines to that portion of the house and they know you paid real money for it. Even if your cousing Larry did the improvements, you paid him money and you should document it.
You don’t have to have receipts, just a line item list like this one goes a long way to putting the buyer at ease. Especially if you haven’t been in your home long and especially if your asking more than the competition because, darn it, your home is better. Prove it.
By providing the actual costs you go a long way toward transparency and Read the rest of this entry »
How To Dispute, Appeal or Contest Your Franklin County Real Estate Tax Increase
Real Estate Taxes vary by School District. Where in Franklin County Do you Live?
EDIT: 12/17/2009 Please see the end of this post for a clarification and correction of any inaccuracies from the Franklin County Auditor, Clarence Mingo.
If your home has been re-valued by Franklin County recently, you probably received a notice in the mail regarding the new property tax. Per the Ohio revised code, Franklin County appraisers review property after a sale and/or every three years or so.
If you receive a notice, you’re no doubt glum about having to pay more real estate taxes to Franklin County. When you realize that the tax increase is for the ENTIRE 2009 year retroactively and that the tax bill you get in December for the January 1- June 30 tax cycle will reflect the increase and be based on this new value, you’re downright hot under the collar. What to do? Where to turn?
First, stop and consider if the new value is reasonable. After all, if Franklin County is saying your home has appreciated in value, that’s a good thing isn’t it? Isn’t that, in part, why you purchased a home – to build equity?
Not buying that? OK. Here is everything you should know about appealing your Franklin County Tax Increase:
- Everything you need to contest the tax increase is available from the Franklin County Board of Revision site, here.
- Make sure you fill out the forms accurately and completely because the Ohio Supreme Court says a complaint MUST be dismissed if it is not completely filled out.
- You will need to sign your appeal in front of a Notary Public.
- If the property
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