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The Worthington, Ohio Real Estate Market – Right Now
December 21st, 2009 categories: Real Estate News
This 4 bedroom Chaucer Ct Home sold for $279,900 in late November
Homes on the market: 99 Active Worthington homes for sale.
Averaging 1,842 sf,
- $235,680 ( just under 2/3 are below this average list price (!) Wonder Why so cheap? see below)
- $127/sf and
- 131 days on market.
What happens if you take condos out of the equation and focus only on single family detached homes?
68 Active Single Family Homes for sale in Worthington, Ohio
- $284,386
- $137/sf and
- 129 days on market.
Worthington Homes in contract with escape clauses:
None – No Homes you could still, conceivably, swoop in and buy
Worthington Homes in Contract contingent on financing/inspections as of today: 30
- Averaging 1912 sf
- $244,796
- $134/sf
- 106 days on market
All Worthington Homes Closed since October 1, 2009: 66
- Averaging 1798 sf
- $212,894 avg List but a $201,867 Sale price or 96%
- $122/sf
- 73 days on market
Single Family Worthington Homes -No Condos- sold since October 1, 2009: 47
- Averaging 2018 sf
- $245,856 avg List but a $233,260 Sale price or 96%
- $130/sf
- 63 days on market
Interesting Note: 25 Fox Lane, a home that I’ve been enamored with this year, Sold just before Thanksgiving for $630,000. The home sits on the Olentangy River and is on a big lot with 5 bedrooms, 4.5 baths and 4900 square feet including a somewhat new “pub” room. It was listed in early June for $969,000 and the time of going in contract was listed at $750,000. The house sold in September 2007 for $900,000. 2008 taxes were $15,226.
PERSPECTIVE: In the same time frame one year ago, 34 –almost half as many–Single family homes sold for an average $234,668 or $123/sf and were on the market 89 days. Did the first time home buyer tax credits (combined with historically low interest rates have an effect on Worthington Real Estate Sales this year? Judging from the above, yes, a significant effect as the original time frame for closure of that credit loomed on November 30. More people were buying and they were getting better deals this year by about $7/square foot. There were also more homes on the market this year-thereby supporting that doubling of sales-as especially South Worthington Sellers moved up and out of their smaller homes.
From April through August (the so-called ‘prime’ selling season) of this year, the average single family home in Worthington sold for $215,705, or $127 per s.f., after 70 days on market.
Joe Peffer is a Realtor who works in Worthington and other Columbus area Neighborhoods and first ring subburbs.
Would you like me to break it down by homes vs condos or Riverlea vs Olde Worthington, Colonial Hills vs Olentangy Hills? email me and I will be glad to.
This update is for Worthington specefic homes, ie inside city limits. You could live in Columbus and still be in the Worthington School District. In fact, you could live in Powell, have a Columbus Mailing address and attend Worthington schools.
