Berwick Neighborhood Real Estate Right Now — For Sale and Sold in one of Columbus’ best communities, Berwick

This update references the entire Berwick Neighborhood from I-70 to Livingston Avenue and James Road to Alum Creek Drive.

This 3bed, 2bath 1902 sf Berwick Ranch on Floribunda sold in 48 days for $179,900

Homes on the market: There are 18 homes currently on the market in BERWICK, they average:

• $149,560
• $82.16/sf and
• 154 days on market.
• The most Expensive listed right now in Berwick is 1429 Haddon 4 bed, 3 bath, 2525 sf which, at $314,900, is almost $100K more than the next expensive home, 2576 Brookwood at $219,900.

Berwick Homes in contract with escape clauses contingent on the sale of another home: None

Berwick Homes in Contract contingent on financing/inspections as of today: 7

• Averaging 2187 sf
• $173,786
• $80.51/sf
• 53 days on market
• None of these Berwick homes have been on the market more than 4 months and 2569 Berwick Blvd went into contract after only 8 days on the market.

Greater Berwick area Homes SOLD thus far in 2010: 27

• Averaging 1915 sf
• $146,493 avg List but a $138,215  Sale price or 94.5%
• $71.53/sf
• only 68 days on market

Welcome to Berwick

All in all, not a bad real estate market in Berwick for 2010. There looks to be just over a six month supply of homes on the market. Berwick remains in good standing with Columbus area home buyers because of the affordability, good size homes, proximity to both downtown Columbus and Bexley and because it feels like a very nice, close knit, well taken care of neighborhood with attractive and unique homes and mature trees. Add to that mix an excellent Columbus alternative elementary school which now goes through 8th grade and you’ve got yourself one hot community.

Known for generous lots and sprawling mid century modern ranches that original owners are still turning over, it’s no surprise that of the 18 homes active on the market, 10 are ranches–5 of the 7 Berwick homes in Contract are ranches and more than half of the homes sold in Berwick were ranches. Berwick also boast a goodly number of cape cods and, outside of counting the often large basements, few homes in Berwick surpass 2500 sf.

Of course there are always a few exceptions — like 1362 Haddon Rd and its 6056 remodeled square feet that sold for $520,000 a few weeks ago.

Would you like me to break it down by North and South of Scottwood, East and West of Roosevelt? email me and I will be glad to help any way I can.

You May also enjoy this The Ranch Home

or What’s an Extra $20,000 get you in Columbus

Real Estate Redux – Central Ohio 2010 is beginning to look a lot like 2009

Remember that the Columbus Board of Realtors spans contiguous counties as well as Franklin County

From our friends at the Columbus Board of REALTORS®…..

(November 23, 2010) The housing market in central Ohio, which rebounded nicely when the federal tax credits were offered in 2009 and early 2010, today is looking like “more of the same.”

According to the Columbus Board of REALTORS® (CBR), the number of homes sold and the average price of homes sold from January though October 2010 are nearly identical to the statistics from 2009.

The number of homes sold from January through October was 16,891 – almost identical to the 16,932 homes sold in the same period of 2009. Average sale price so far this year is $160,671 compared to $161,623 last year.

“While we certainly would like to see a more lively housing market, we’re just pleased that year-to-date numbers are holding their own,” says CBR President Sue Lusk-Gleich.

Home sales are likely to grow in 2011, but not too quickly. According to the New York Federal Reserve Bank, household finances are improving, and major purchases will increase as well.

Freddie Mac reports that the average 30-year fixed mortgage rate in October 2010 was 4.23 percent – the lowest rate since the statistics were first recorded by Freddie Mac in 1971. Ten years ago, the rate was Read the rest of this entry »