Would your home sell in Delaware, Ohio? (Derek Jensen/wikipedia)
Delaware, Ohio’s market remains balanced as a whole.
According to the Columbus-Central Ohio Multiple Listing Service numbers, Delaware averaged 35.7 single-family detached home sales per month during the second quarter of 2010. Based on those numbers, Delaware currently has 7.8 months of inventory available for purchase.
However, the subdivisions within Delaware, Ohio range from two weeks inventory to more than four years! Which goes to show how even within an area as small as the city of Delaware will flex and vary.
Keep in mind that these numbers are constantly moving up a down and the key is to be price correctly for your location, condition, and size. So, this report is “lumping” every house in a subdivision into a single house.
A break-down of several Delaware, Ohio subdivisions is located below. If you have a home and would be interested in selling it, of course Toby would love to talk with you via e-mail or phone (740-990-9748).
Delaware Ohio Subdivision Comparison
Sorted by Months of Inventory
| Subdivision | Active | Sold* | SqFt | Price | Price/Ft | Inventory |
|---|---|---|---|---|---|---|
| Delaware City+ | 253 | 107 | 1,842 | $161,786 | $90.59 | 7.1 |
| Delaware Meadows | 1 | 6 | 1,299 | $102,258 | $83.14 | 0.5 |
| Cheshire Crossing | 14 | 13 | 2,377 | $225,915 | $98.88 | 3.2 |
| Carson Farms | 12 | 10 | 1,884 | $149,043 | $81.99 | 3.6 |
| Stratford | 13 | 10 | 2,208 | $202,220 | $95.37 | 3.9 |
| Kensington | 14 | 8 | 1,704 | $154,375 | $92.11 | 5.2 |
| Sunnyview Farms | 4 | 2 | 1,372 | $142,750 | $110.82 | 6.0 |
| Curtis Farms | 4 | 2 | 1,927 | $166,115 | $86.20 | 6.0 |
| Springer Woods | 2 | 1 | 1,882 | $119,700 | $63.60 | 6.7 |
| Westfield Hills | 2 | 1 | 1,987 | $166,000 | $83.54 | 6.7 |
| Heather Hills | 2 | 1 | 1,599 | $85,900 | $46.84 | 6.7 |
| Lexington Glen | 5 | 2 | 1,930 | $168,950 | $88.41 | 7.5 |
| Lantern Chase | 13 | 5 | 1,934 | $166,360 | $87.30 | 7.8 |
| Millbrook | 8 | 2 | 1,876 | $159,000 | $84.68 | 11.9 |
| Hayes Colony | 6 | 1 | 1,311 | $132,000 | $100.69 | 18.2 |
| Locust Curve | 20 | 3 | 1,706 | $164,552 | $97.80 | 20.0 |
| Glenross | 12 | 1 | 3,318 | $359,900 | $108.47 | 36.4 |
| Troy Farms | 17 | 1 | 1,903 | $149,000 | $78.30 | 51.5 |
| Adalee Park | 3 | 0 | – | – | – | – |
| Braumiller | 3 | 0 | – | – | – | – |
* Sold from April 1 – July 1, 2010; + Delaware City includes only single-family homes
These numbers give a “snap-shot” of the inventory as of today and how long it would take to move the inventory based upon the number of homes that have sold in the past three months.
This can give us an idea of which developments are moving the best in Delaware, Ohio. But, we have to look at other factors as well. What if there had only been four houses on the market and three of them closed? Home owners jump to get to market and add 15 houses to the market. Suddenly an inventory of 4.0 months screams up to 15 months.
Also, when we take the numbers down to the subdivision level — it becomes extremely volotile. For example, Glenross has nearly 3 years worth of inventory — but had only one more house sold that number would shrink to less than 1-1/2 years.
Also, homes in the Dornoch region were not considered because this was limited to homes located within the Delaware city limits are outside the corporation limits.
