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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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.