Delaware Real Estate Market Improves, Despite Statistics

This Week in Real Estate: January 28-February 3

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Funny things happen with statistics sometimes they do “lie.” And that may appear to be the case this week as the Delaware County Real Estate Report announces its four-week average and transfers declined 9.18 percent and price per transfer decreased another 7.03 percent over already low market numbers.

But this was a good week…

However, not good enough to rebound on the four-week average that has been continually falling since the week of Christmas. Delaware County processed 111 transfers this week, which was a major rebound from last week’s 63 transfers, and the price per transfer this week was just-under $148,000 on $16,399,903 in volume.

City By City Break Down of Transfers in Delaware County
Community Nu. (Valid) Paid Tax Amt.
Ashley 2 (0) $0 $208,200
Columbus 1 (1) $121,000 $140,000
Delaware 28 (11) $4,117,663 $5,173,600
Dublin 2 (0) $0 $1,036,100
Galena 6 (2) $867,297 $1,150,900
Lewis Center 20 (8) $2,626,150 $3,690,500
Marengo – (-) $- $-
Marysville 1 (0) $0 $38,600
Ostrander 3 (1) $523,879 $139,600
Powell 23 (14) $4,780,014 $6,007,000
Radnor 3 (1) $127,500 $354,700
Richwood – (-) $- $-
Sunbury 4 (5) $547,000 $567,700
Westerville 19 (8) $2,689,400 $6,797,000

The largest transfer of the week was a 19,694 square-foot office building in Westerville, Ohio, that sat on 3.35 acres with a tax auditor’s value of $1,394,200 but sold for only $670,000.

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