Total transactions for the week were down, in large part because of Memorial Day holiday and the delay in filing end-of-the-month transfers. From discussion with area agents I would expect to a strong increase in total sales next week.
Delaware County Sales Stats (May 26-June 2)
The highest valid transfer was the purchase of 1290 US 42 North – the Nextel building – for $750,000. The property was purchased by Route 42 LLC which includes Gina Grote, William Cashman, and Billy Kilgore according to state filing information.
Top Five Sales Last Week
$750,000. 1290 U.S. Highway 42, Delaware, Other Retail.
The single-family residential market in Southern Delaware County up to basically a line at State Route 36 and Union County to Sunbury and then State Route 37 to the East County line has shown solid signs of improvement however areas north of the line continue to lag behind.
Ohio wildlife biologists are frequently contacted by concerned residents who spot coyotes in highly developed areas. This is often not cause for alarm. Coyotes are highly adaptable animals that live in a wide variety of environments thus there is no need to report sightings to wildlife officials unless the animal appears hurt, sick, or habituated. Here are a few steps to keep in mind when you encounter an urban coyote in the Buckeye State.
Understand that coyotes are common throughout Ohio’s 88 counties and are regularly seen within city limits. Read more about coyotes at wildohio.com.
There are no wolves living in the wild in Ohio.
If you spot a coyote on your property, make sure to remove all “attractants” to deter the coyote from returning. This includes removing garbage and pet food primarily before nightfall and cleaning up around the grill. Do not feed coyotes directly.
Coyotes prey primarily on small mammals such as rabbits and rodents. However, interactions with domestic pets do occur sometimes. Keep small dogs and cats inside (especially after nightfall) or leashed when outside. Motion-sensitive lighting tends to be helpful too at keeping wildlife away from your home.
Occasionally, an inquisitive coyote will stay put and watch you curiously. Make noise. Clap your hands and shout; the coyote will likely move on at this point. If it doesn’t, throw objects like rocks at it to scare it away. A coyote that loses its fear of humans could potentially become a threat.
If the coyote visiting your yard does not respond to harassment techniques such as loud noises or it is presenting a conflict even after removing attractants from your yard, contact a nuisance trapper. Nuisance trappers use highly regulated techniques to reduce urban wildlife conflicts. Coyote populations in rural areas can be managed through legal hunting and trapping methods. Consult the yearly “Ohio Hunting and Trapping Regulations” digest for more information.
In Delaware County there are only four licensed nuisance trappers to take care of the issue.
Bugs & Bees Control, LLC
Holy Moly Wildlife Control
Coyotes are here and we need to be proactive with protecting our pets in Delaware, Ohio.
Delaware County’s real estate market is on fire and in June 2013 the inventory was only 2.10 or 1-out-of-3 houses were sold!
With 335 homes transferring in June 2013, with an average price of $320,536 or $125.18 per square foot it becomes pretty obvious that not only were homes selling but they were selling for a good price as well.
These homes sold for 97% of its final list price – as opposed to original list price – after being on the market for an average of 53 days.
The highest priced home to sell in Delaware County last month was $1,820,000 while the lowest priced was $25,000.
That kind of sales took a big bite out of the active market leaving only 774 active listings on the market with an average price of $432,875 or 23.6% higher than the final list price for homes that sold in the county in June.
With more than 1,000 properties on the market in June, the distressed market continued to play a relatively small role in the Delaware County real estate market accounting for 11% of active and 16% of closed properties.
Home sales activity throughout Ohio increased 23.6 percent in November, helping the marketplace record its 17th consecutive monthly sales gain, according to the statistics provided by the state’s Multiple Listing Services and released by the Ohio Association of REALTORS this morning (view the complete PDF release).
Sales of new and existing homes have posted a 14 percent increase during the first 11 months of 2012 compared to the same period a year ago, reaching 104,001 sales versus the 2011 mark of 91,213.
“The Ohio housing market is continuing to make significant progress in its attempt to fully recover from the economic downturn of a few years ago,” said Robert U. Miller, president of the Ohio Association of REALTORS. Miller noted that the Association began tracking sales data in 1998 and the current stretch of 17 straight monthly gains is the longest uninterrupted period of sales growth the Ohio market has ever recorded.
“Across the Buckeye State we’re building a solid foundation for a sustainable, growing housing marketplace going forward,” he said. “Ohio REALTORS continue to be extremely confident about the prospects for our market – as interest rates remain at historic lows, prices have begun to trend upward, inventories are declining, sellers are increasingly realistic in their pricing expectations and consumers understand that long‐term, owning a home is a tremendous investment.”
Not only have sales levels during the first 11 months exceeded the pace of a year ago, the average sales price (January through November) throughout Ohio this year is up 5.1 percent, reaching $135,460 versus the 2011 mark of $128,540. Total dollar volume this year is nearly $14.1 billion, a 20.2 percent increase from last year’s 11‐month mark of $11.7 billion.
Miller noted that a recent survey of the state’s real estate professionals suggests the industry remains cautiously optimistic about the market’s outlook in the coming months. The OAR Housing Market Confidence Index, a recently created measurement of the perception Ohio REALTORS have of the marketplace, offers the following highlights of the December 2012 report:
86 percent of REALTORS describe the current housing market in their area as moderate to strong; a significant increase from the 53 percent mark the profession posted during the month a year ago. This month’s REALTOR Current Market Index measurement reached 49, a 21 point improvement from the December 2011 score of 28.
89 percent of the respondents have moderate to strong expectations for their market in the next six months; increasing 23 percentage points from the December 2011 level of 66 percent. This month’s REALTOR Future Market Index reached 55, a 19 point increase from the December 2011 Index of 36.
92 percent of REALTORS believe home prices over the next year will remain stable and could even post gains; 3 percentage points more than the findings in December 2011 (of 89 percent). The REALTOR Price Index for REALTORS®’ expectations for the next year reached 67, a 21 point increase improvement from the mark recorded during the month a year ago (46).
“Ohio’s REALTORS remain remarkably bullish about the current and long‐term prospects of our housing market,” Millersaid. “REALTORS are there when buyers and sellers express their hopes and concerns during what is often the largest financial decision made in a lifetime. Our outlook is simply a reflection of the discussions taking place at countless kitchen tables across Ohio.
“We’ve made significant progress in our confidence about the market in a relatively short period of time,” he added. “REALTORS fully understand that there will be challenges and obstacles in our economic recovery efforts in the months ahead, but are certain that the desire to achieve the American Dream of homeownership remains strong throughout Ohio.”
Sales in November reached 9,254, a 23.6 percent increase from the 7,485 sales posted during the same period a year ago. The month’s average sales price of $135,392 is an 8.5 percent increase from the November 2011 mark of $123,904.
Total dollar volume in November nearly reached $1.3 billion, a 35.1 percent increase from the $927 million mark posted a year ago.
Data provided to OAR by Multiple Listing Services includes residential closings for new and existing single‐family homes and condominiums/co‐ops. The Ohio Association of REALTORS®, with 26,000 members, is the largest professional trade association in
[media-credit name=”Andrew Beierle | stock.xchng” align=”alignright” width=”300″][/media-credit]The blocks grants are back, and Delaware County could be the big winner.
The Community Development Block Grants “provide communities with a flexible program that provides communities with resources to address a wide range of unique community development needs,” Dottie Brown told ThisWeek Community Newspapers recently.
Traditionly the program has been limited to the impoverished communities due to being income based. However, the recession has opened several Central Ohio communities up for possibly receiving portions of the gramp for impoverished or blighted neighborhoods.
[media-credit name=”sba.gov” align=”alignright” width=”220″][/media-credit]The U.S. Small Business Administration is reminding businesses in Ohio that working capital loans are still available to small businesses, small agricultural cooperatives and most private non-profit organizations that were affected by the severe storms and flooding that occurred on February 27 through March 14, 2011.
“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the Dec. 19, 2011 deadline,” said Frank Skaggs, director of SBA Field Operations Center East.
Time is running out for Delaware County businesses affected by this spring’s flooding to file for disaster releif according to the U.S. Small Business Administration.
Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 4 percent for small businesses and 3 percent for private non-profit organizations of all sizes, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, disaster victims need to apply by the deadline.
These EIDLs are available to businesses and non-profit organizations in the following counties of Allen, Auglaize, Crawford, Darke, Delaware, Hardin, Logan, Marion, Mercer, Morrow, Shelby, Union, Van Wert and Wyandot in Ohio.
To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for deaf and hard-of hearing) or send an email to firstname.lastname@example.org. Loan application forms can also be downloaded from sba.gov.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. The deadline for economic injury applications is December 19, 2011.
Source: U.S. Small Business Administration; Contact: Jelani Miller, 404-331-0333
Delaware (Ohio) County has been one of the hottest real estate markets in Ohio over the past decade and the chart below shows the average number of days on market and the percentage of sold vs. list price for all homes in the county over the past year.
Average Days on Market, Sold to List Price in Delaware County (Ohio)