Delaware Real Estate Transactions This Week

For the Week of May 26 – June 2, 2014

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)

Total Sales Valid Pct Valid Avg. Price Low High
113 63 44.2% $292,168 $0.00 $750,000

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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

  1. $750,000. 1290 U.S. Highway 42, Delaware, Other Retail.
  2. $695,000. 1069 Elderberry Loop, Delaware, Single-Family Residence.
  3. $660,000. 10716 Campden Lakes Boulevard, Dublin, Single-Family Residence.
  4. $515,000. 5033 Glenaire Drive, Dublin, Single-Family Residence.
  5. $505,000. 1027 Cattail Cove, Delaware, Vacant Residential Land.

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.

What to Do When You Spot a Coyote in Delaware

coyote in delaware ohio [Ohio Department of Wildlife has announced what Delaware, Ohio, residents should do when coyotes invade their neighborhood. [Simeon Eichmann / Stock.xchng

Ohio Department of Wildlife has announced what Delaware, Ohio, residents should do when coyotes invade their neighborhood. [Simeon Eichmann / Stock.xchng]

Spotting for coyotes have increased in Delaware, Ohio recently which has put many home owner’s on alarm for their small pets and children.

The Department of Natural Resources has recently released an update on what to do when you observe a coyote in your Delaware community.

So You Spot A Coyote in Your Urban Neighborhood. What Should You Do?

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.

  1. Understand that coyotes are common throughout Ohio’s 88 counties and are regularly seen within city limits. Read more about coyotes at wildohio.com.
  2. There are no wolves living in the wild in Ohio.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

Company Owner City Phone
Kevin Morgan Ostrander OH (740) 272-2870
BCG, LLC Tom Bain Galena OH (614) 312-7513
Bugs & Bees Control, LLC Andrew Rowland Sunbury OH (614) 402-4877
Holy Moly Wildlife Control Robert Hedrick Delaware OH (740) 362-9111

Coyotes are here and we need to be proactive with protecting our pets in Delaware, Ohio.

Delaware County’s Inventory Hovering At Two Months

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!

Homes Sold in Delaware County Ohio

For every three homes in Delaware County on the market one of them has sold. [Svilen Milev / efffective.com]

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.

The highest priced current listing in Delaware is $5,899,700 and the lowest is $19,500.

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.

There were 61 active and 41 sold foreclosed properties in June and 24 active and 13 sold short sales during the month.

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Ohio Home Sales Mark 17th Consecutive Month of Gains

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.

OAR President Bob Miller

OAR President Bob Miller

“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.

realtor confidence.

REALTOR confidence has continued to improve over the second-half of 2012. (photo by Arjun Chennu)

“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
Ohio.

[wnt_search title=”Search for your new home now …” /]

Delaware County Begins Developmental Grant Process

[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.

Time Runs Short For Delaware Businesses Affected By Floods

[media-credit name=”sba.gov” align=”alignright” width=”220″]US Small Business Administration[/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.

[media-credit name=”Gavin Spencer | sxc” align=”alignleft” width=”300″]Delaware Ohio flooding victims file for funds[/media-credit]
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 disastercustomerservice@sba.gov. 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 County: Days on Market, Percentage of Sold vs. List Price

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)


[media-credit name=”Trend Graphix” align=”alignright” width=”300″]Trend Graphix Chart[/media-credit]

All information included in this chart is based upon data gathered by the Columbus Board of REALTORS Mulitple Listing Service and is considered reliable but not guaranteed.

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Delaware County: Price Per Square Foot

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 price per square foot for all homes in the county over the past year.

Price Per Square Foot in Delaware County (Ohio)


[media-credit name=”Trend Graphix” align=”alignright” width=”300″]Trend Graphix Chart[/media-credit]

All information included in this chart is based upon data gathered by the Columbus Board of REALTORS Mulitple Listing Service and is considered reliable but not guaranteed.

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Delaware County: For Sale Vs. Sold

Delaware (Ohio) County has been one of the hottest real estate markets in Ohio over the past decade and the chart below shows the home that are active on the market, in contract (or pending), and sold each month over the past year.

Home Sold vs. Pended vs. Active in Delaware County (Ohio)


[media-credit name=”Trend Graphix” align=”alignright” width=”300″]Trend Graphix Chart[/media-credit]

All information included in this chart is based upon data gathered by the Columbus Board of REALTORS Mulitple Listing Service and is considered reliable but not guaranteed.

Searching For a New Home?
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Ohio One of Two States to Earn an “A” Grade in Manufacturing and Logistics

America has long been a worker’s state. With deft hands and hard muscle, skilled workers transformed inventions – from airplanes to automobiles – into products in high demand across the U.S. and around the globe. Manufacturing revenues rippled through the economy to create unparalleled prosperity. As the last century waned, however, it seemed the day of the worker was coming to an end.

Though manufacturing nationwide is recovering from the recession, manufacturing production is expected to hit all-time highs in 2011 and 2012, according to the Center for Business and Economic Research at Ball State University.

According to Ball State University’s annual Manufacturing and Logistics Report Card, Ohio is one of only two states to earn both an “A” grade in manufacturing and logistics. Indiana also earned an “A” grade in both industries.

The manufacturing rating is based on total income earned by manufacturing employees in a given state, the wage premium received by manufacturing employees relative to those of other states and the per capita share of manufacturing employment. The logistics rating is based on the share of total logistics industry income as a share of total state income and the employment per capita. These data are collected from the U.S. Department of the Census, the Bureau of Economic Analysis, Regional Economic Information System and the Center for Transportation Statistics, U.S. Department of Transportation.

Ohio aims to leverage its strengths in manufacturing and logistics to be known as a global leader that offers manufacturing companies an ideal environment to maximize ROI with industry expertise, a business-friendly climate, a well-educated workforce and a strong supply chain to get products to market.

Ohio Logistics A

[/media-credit]

“As globalization, technology and innovation reshape our economy, some of the greatest opportunities for economic growth in Ohio lie in manufacturing,” said Daniel Berry, president and CEO of the Manufacturing Advocacy & Growth Network, a Cleveland-based economic development group aimed at helping manufacturers in Ohio become more competitive and grow.

“We are looking for opportunities to build on the strengths of our industrial heritage that’s highlighted in the Ball State University report by connecting these capabilities with future manufacturing needs in technology-driven growth clusters like materials, advanced energy, materials and aerospace,” Berry added.

The global marketplace and recent recession have forever changed the manufacturing landscape, distributing manufacturing employment into second- and third-world economies. Despite these changes and resulting challenges, Ohio’s strength in “making things” means that manufacturing will remain a key element of Ohio’s economy.

According to the Ohio Manufacturers’ Association, manufacturing is the largest of the 20 sectors of Ohio’s economy with 17.8 percent of total output in 2008. Manufacturing leads Ohio’s private sector industry in job creation, with more than 14 percent of all Ohio workers are employed in manufacturing. More than half of all manufacturing jobs in Ohio are in high demand industries, such as transportation equipment, plastics and rubber and food.

From the processing of raw materials to the creation of finely tuned products, Ohioans serve as the world’s experts in the manufacturing sector. “In Ohio, we have brilliance in all kinds of materials that support manufacturing from manufacturing and process technologies to process know-how,” said Eric Burkland, president of the Ohio Manufacturers’ Association. “Ohio has all the components that make up an advanced industrial economy.”

Ohio’s world-class logistics capabilities help manufacturing companies reduce operating costs by getting components and finished goods quickly to their destination anywhere in the U.S. or around the globe. Ohio’s extensive logistics management network supports the state’s 21,250 manufacturing companies with multi-modal and inter-modal networks allowing efficient import and export of products–180 public airports, eight interstate highways, 36 freight railroads and 25 waterfront ports.

A strategic location also plays an important role; the state is within 600 miles of 60 percent of the U.S. and Canadian population and is within a one-day drive of 70 percent of North America’s manufacturing capacity.

Strategic investments and tax reforms enable Ohio companies to compete – and win – in the 21st century global economy. In fact, businesses incur only a flat $150 fee on out-of-state sales of up to $1 million. A recent report by the Quantitative Economics and Statistics Practices (QUEST) of Ernst & Young in conjunction with the Council On State Taxation (COST), ranks Ohio as third in the nation for friendliest tax environment. Companies continue to discover the benefits of investing in Ohio, finding a preferred location for capital investment, a competitive business environment and a perfect balance between business pursuits and personal aspirations.

“Ohio’s ongoing efforts to reform and improve the state tax structure, as well as our loyal workforce and excellent support from the state and the local community keep Lincoln Electric growing in Ohio,” said John M. Stropki, chairman and chief executive officer of Lincoln Electric Holdings, Inc., the world leader in the design, development and manufacture of welding systems and equipment headquartered in Cleveland, Ohio.

“Ohio’s success is not solely dependent on the strength of its business advantages. It’s about Ohio’s promise of work-life balance,” said Ed Burghard, executive director of the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment. “Low-cost, low-stress communities and short commutes create the State of Perfect Balance, where you can achieve both professional and personal success without sacrificing one for the other.”

Source: Ohio Business Development Coalition