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Short North Real Estate and Homes for Sale – What’s been up in the Short North
June 9th, 2008 categories: Market Updates, Short North
There are currently 144 properties for sale in the Greater Short North area. As I type, there are 27 properties under contract.
To recap 2008, During the first three months of this year, 31 properties sold in the Short North. Yes, this means Italian Village too and Victorian Village and Harrison West. From King Avenue south to I-670, 315 to the rail road tracks.
During the first three months of last year-2007– 57 properties sold which included a decent amount of sales in Harrison Park and the Dakota building. The first qtr 2008 properties averaged 1842 sf, sold for on average $252,580, and were on the market about 146 days.
The most expensive home to sell was a 3 bed, 2.5 bath, almost 3000 sf home on West fourth in Victorian Village for $480,000. Despite the 146 days on market, the sales to list price ratio was close to 100%.
Now, let’s look at April and May 2008, traditionally two of the busiest months for residential sales. The Short North saw a total of 50 homes and condos sell in the last two months, averaging $236,589 and 143 days on market. They averaged only 1308 sf but sold for 99% of the list price (the last list price at any rate). The median Sales $/sf was $199.64.
A 3321 sf 4 bed, 4.5 bath new build in Harrison Park sold for $528,962 in April while an 1832 sf downtown facing Parkview condo sold for $535,000. For those of you still holding out hope for getting into the vicinity on the cheap, a five bedroom 2200 sqft fixer upper on North Fourth by 1st avenue sold for $60,100 about 10 days ago at the end of May. Also, at the lower end, a bank owned 2 bed condo on Mt Pleasant in need of only some love, sold for $80,000, under $100/sf.
