Delaware Real Estate Continues to Slide Further into Winter

This Week in Real Estate: January 21-27

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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.

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About Toby Boyce

Toby Boyce, president and broker for C.G. Boyce Real Estate Co., began his career as professional writer and winning influence with folks. He continues to do just that working with buyer and sellers throughout greater Delaware County. Toby has been a professional real estate agent since 2006 working mostly within residential real estate while doing some commercial and rental management as well. Toby grew up in Danville, Ohio, learning the lessons of hard-work and the value of a hand shake. He continued his education at Mount Union College (Bachelor's of Arts) and Heidelberg College (Master's of Business Administration) in business.