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Midtown Columbus Real Estate Market Update - Grandview September 2008

October 18th, 2008 categories: Condos & Lofts, Grandview, Market Updates, Real Estate News

Currently, there are 57 active listings in Grandview Heights and Marble Cliff.  They range from an $84,900 1 bedroom 1 bath condo in Marble Cliff Corner to three Prescott Place condos ranging from $675,000 to $735,000 — both two and three bedrooms. (you may know how I feel about that project—nice, but….)

In September, TEN properties sold.  When you think about this, it makes Grandview a pretty active and healthy market with an absorption rate of somewhere between 5 and 6 months or about 170 days — a long time if you’re selling your Grandview home but considerably better than some other local markets. Better yet, the average last month was only 95 days on market.

The ten Grandview homes that sold last month ranged from a 2 bedroom Grandview Commons condo that went at list price of $134,900 after 143 days on market to a nicely updated 3000 sf, 4 bedroom home on Glenn that sold for $480,000 in less than two weeks on the market.

How many Grandview or Marble Cliff homes are currently in contract you ask Well, 14 all total including a whopping TWELVE condos from Jamestown of Grandview to Cottswold Condos to Grandview Commons to Grandview Passage.  That means only 2 Single Family Homes are currently in contract in Grandview and I often say that the best barometer of where this market is are the contingent homes. These two homes aren’t really able to be lumped together though, one is listed at $256/sf on Cambridge and the other at $184/sf on Lincoln.

If you’re interested in a home for sale in Grandview or a home for sale in Marble Cliff, give me a jingle.

 

This entry was posted on Saturday, October 18th, 2008 at 1:20 pm and is filed under Condos & Lofts, Grandview, Market Updates, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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