Delaware Real Estate Continues to Slide Further into Winter
This Week in Real Estate: January 21-27
If last week’s real estate numbers in Delaware County were a lamb, then this week is … well … lambchop?
Only 63 property’s transferred in Delaware County last — the lowest in the 12 weeks we’ve been tracking here at DelawareOHRealEstate.com — exactly one-half of the units that transferred last week. The four-week rolling average slid to only 116 properties from 120 last week.
The $8,023,272 in volume is nearly 48 percent below the four-week rolling average of $16,893,493.50. The rolling average slid 7.19 percent this week and is down 52 percent from its high in mid-December.
The four-week rolling average per parcel continues to fall, dropping another 6.31 percent this week, to just under $142,000.
City By City Break Down of Transfers in Delaware County
| Community | Nu. (Valid) | Paid | Tax Amt. |
|---|---|---|---|
| Ashley | - (-) | - | - |
| Columbus | 2 (1) | $198,000 | $358,700 |
| Delaware | 20 (3) | $510,808 | $3,100,600 |
| Dublin | 1 (0) | $0 | $136,000 |
| Galena | 1 (1) | $212,000 | $198,000 |
| Lewis Center | 6 (1) | $614,800 | $1,554,800 |
| Marengo | - (-) | $- | $- |
| Ostrander | - (-) | $- | $- |
| Powell | 13 (7) | $2,938,065 | $2,915,050 |
| Richwood | - (-) | $- | $- |
| Sunbury | 4 (3) | $744,000 | $682,900 |
| Westerville | 17 (8) | $2,805,599 | $4,491,400 |
As to the drop in the number of actual transfers the only thing I can guess is that it goes hand-in-hand with the Holiday season. People were focusing on friends and family this time in December and not on buying homes.
I would expect we’ll see the four-week rolling averages begin to trend upward in two weeks after we get past the first of February.
