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Columbus Real Estate September Recap – Downtown Columbus Condos
October 11th, 2007 categories: Condos & Lofts, Downtown, Market Updates
Downtown Columbus, unlike many suburbs, doesn’t have the seasonal school year ups and downs in buying. There isn’t as good a reason as there is in, say, Bexley for folks to buy their downtown Columbus condo and settle in just in time for the new school year.
Still, only FIVE homes were closed on in September in the Downtown area. At the low end, once again, was the LAST Yukon Lofts studio condo — A 3rd floor corner unit that went out at $145,900. $63/mo condo fee.
Right on that unit’s affordability heels, however, was a 2nd floor Connextions One Bedroom 785 sq ft flat for a mere $150,000. It came on the market in March at $175,000 and even though it didn’t have a lot of fantastic upgrades, it does have reserved parking and it’s still a good unit for that price. $205/mo condo fee.
How about the 2 bed, 2.5 bath 1521 sq ft unit on S 5th between Rich and Main for only $215,000. Cool private rooftop deck and a two car garage. It was the 3rd sale in the last 4 years but is still showed well. $200/mo condo fee.
Speaking of 2 car garages, The last corner unit at Rich St Walk sold last month for $269,505 (). 1633 square feet, 2 bed, 2.5 baths. $169/mo condo fee.
Topping the sales last month was a 2 bed, 2 bath, 7th floor, 1481 sq ft Burnham Square condo at $445,000. This unit was nice with hickory floors, granite, stainless, and some other upgrades and was originally listed at $599,000. $386/mo condo fee.
Looking for your Downtown Columbus Condominium
Possibly of interest: Columbus Real Estate August Recap – Downtown Columbus Condos
Is the Downtown Columbus Condo Market a Ticking Timebomb
When does Your Downtown Columbus Condo Tax Abatement Begin
Is the downtown Columbus Condo market just too expensive
sjb43
November 29th, 2007
The condo market in the Cincinnati Ohio and Northern Kentucky areas is very depressed at this time. There are many developers in both areas sitting on many unsold condos. The Ascent in Covington, South Shore Condos in Newport, Harbor Greene in Bellevue, River Pointe in Cincinnati, and a whole slew of condos in the downtown Cincinnati area as well.
This has created a buyers market for buyers. It is truly a great time for a buyer, as they can take advantage of this glut, by getting a much better price that what the develpers are asking. If I can be of any assistance to anyone looking to move to the Cincinnati and Northern Kentucky area, please visit me at http://www.sandybakst.com
I’m with Re/max Preferred Group.