Delaware’s Locust Curve Home Sale Prices Up 11%
When Locust Curve get talked about very few people realize it is actually two distinct developments lumped into one. And for the first time in a long-time … there is good news on both sides of the walking trail that seperates this Delaware, Ohiocommunity located at North Houk Road and Central Avenue (State Route 37) on Delaware’s west side.
With just over 300 lots, the development had been entering into its mature phase with no new building around it. Recently, M/I Homes has been building at WesltfieldII which has created some issues for those selling in the Woods at the upper-levels of the price scale. However, I believe it has also brought traffic to the development that wouldn’t have been here otherwise and has assisted in moving some of these properties faster.
Woods at Locust Curve
At a Glance: Active 4, Average Price $177,450; Sold* 6, Average Price $172,183.
The past six months have been very good to the Woods at Locust Curve with average sales prices up $22,000 over the previous six months. That’s up an astounding 11.3 percent on price per square foot – with the average home from April – October 2012 selling for $77.91 and the average home selling for $70.01 from October 2011 until April 2012 – on essentially the same volume. In the previous six months, six homes had changed hand while overall 11 have acquired new owners in the past year in the Woods at Locust Curve.
Locust Curve Highlands
At a Glance: Active 8, Average Price $149,575; Sold 6*, Average Price $136,566.
When we talk about growth and improvement in real estate, it is all relative. Especially considering we are coming off the past five years.
In the past six months, the Locust Curve Highlands – the area located west of the bike trail – saw six homes sell which isn’t that resounding of a number until you compare it to the previous six months — when one home closed. That’s right in six months only one home sold in the Highlands between October 2011 and April 2012 — so getting that number up to one a month is quite an improvement. Price has remained an issue in the neighborhood with those selling moving for an average $136,566 and in 103 days. By comparison the eight homes currently on the market average $149,576 — or just under $11 per square foot more. This is a price dominated market for certain.
* – Sold statistics are for the past six months and reflect only sales in the Columbus Central Ohio Multiple Listing Service.