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Archive for the 'Real Estate News' Category

Can the Scioto Mile, weeks from opening, Save the Southern End of Downtown Columbus Condos?

Today WOSU radio had a piece (partially excerpted below) asking this very question.  The new and fabulous Columbus Commons and this Scioto Mile park will be a draw for downtown Columbus. They might help sell homes, they might bring some people downtown, but they are merely a piece of the  puzzle.
The South end of downtown has more [...]

Authored by Joe Peffer | Discussion: No Comments »

How Long and How Big? Tracking Price Reductions in the Columbus Real Estate Market

How long until that home you love has a price reduction? How big of a reduction will it be?

Until about a month ago, these were difficult questions for the average Columbus Home Buyer to answer. Heck, there’s no easy way for a Columbus Realtor to answer those questions without diving into data and pulling out a calculator.

Authored by Joe Peffer | Discussion: No Comments »

Clintonville Homes for Sale and Sold – Clintonville Real Estate Market Update

Homes on the market: As of today there are 202 Active Clintonville homes for sale.
Averaging 1,671 sf,

$232,523 list price
$150.08/sf and
92 days on market.

If nothing else, the Clintonville real estate market has been very steady of late….
Currently, there are  50 Clintonville Homes in Contract
–contingent on financing/inspections as of today: 40

Averaging 1550 sf
$197,312 list price
$138.34/sf
53 days on market
One [...]

Authored by Joe Peffer | Discussion: No Comments »

REO Volume Plummets; Homes Now Sell At 20% Discount

This post is via Dan Green at the mortgagereports.com. If you don’t read him, you should. My highlights include:
“It now takes 400 days to Foreclosure” From initial default to bank repo — then more time before it hits the active real estate market in your area–anywhere from two weeks to [...]

Authored by Joe Peffer | Discussion: No Comments »

Old National Road Celebration – America’s first Federally-funded interstate highway runs through Columbus

FOR IMMEDIATE RELEASE: April 26, 2011
CELEBRATION OF THE 200TH ANNIVERSARY OF THE NATIONAL ROAD
AND
RIBBON-CUTTING FOR OLD NATIONAL ROAD CONDOMINIUMS
(Columbus, OH) The Ohio National Road Association (”ONRA”), in partnership with Columbus Compact Corporation (”the Compact”), will host the City of Columbus’ celebration of the Bicentennial of the start of construction of the Historic National Road on [...]

Authored by Joe Peffer | Discussion: No Comments »

Columbus Board of Realtors Announces official March Numbers

Homes in central Ohio this year have sold for an average of $143,773, down 3.7 percent from the average sale price in 2010, but up 3.8 percent from the average sale price in 2009. The average price of a home sold in March was $144,975, up 2.1 percent from the previous month ($140,770).

The number of homes listed for sale last month (3,886) dropped almost 22 percent from the previous year (4,972) bringing the total inventory of homes available for sale in central Ohio to 14,370, down 22.3 percent from one year ago.

Authored by Joe Peffer | Discussion: No Comments »

Columbus Neighborhood Spotlight on King Lincoln/Bronzeville District

I’ve loved the first two installments of this series focusing on the Short North and German Village. Tonight, we get to see the next Columbus Neighborhood’s history come to life. The third installment in WOSU’s Columbus Neighborhoods series premieres tonight at 9pm on WOSU TV and showcases the King-Lincoln neighborhood. Learn more about the deep history [...]

Authored by Joe Peffer | Discussion: No Comments »

As of Today – FHA Mortgage Insurance Premiums Increase .25

How will this effect your Columbus Home Buying experience? Well, if you’re purchasing your home with an FHA loan, this higher MIP will take away, on average, approximately $5000 of buying power.
FHA TAKES STEPS TO BOLSTER CAPITAL RESERVES
New premium structure for 30- and 15-year loans will help private capital return
WASHINGTON – As part of ongoing [...]

Authored by Joe Peffer | Discussion: No Comments »

Looking for a Home in Bexley, Eastmoor or Berwick?

But Sunday Open Houses just don’t work for you?
Fret not, the Third Thursday Open House Extravaganza is back! Starting April 21, Real Estate Agents with homes for Sale in Bexley, Eastmoor and Berwick will hold open houses after work from 5-7.
Here is a list of what’s open next Thursday:

Authored by Joe Peffer | Discussion: No Comments »

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copyright 2007-2011 Joe Peffer is a Columbus Realtor and Real estate Broker for RE/MAX Town Center in Columbus, Ohio