What Happened in Delaware Real Estate This Week?

Trick-or-Treat Edition

trick or treat real estate home buyer transaction

It was treat over trick for home sellers in Delaware County, Ohio, last week. [art by Maria Li]

It was definitely a treat for many in Delaware County, Ohio, this past week with 83 properties changing hands with an average value of just over $372,151.

Top Five Real Estate Transfers Last Week

  1. $659,813. 5481 Via Alvito Drive, Westerville, Single-family vacant land.
  2. $625,000. 8348 Steitz Road, Powell, Single-family owner-occupied.
  3. $595,910. 6112 Braymoore Drive, Galena, Single-family owner-occupied.
  4. $544,750. 8209 Coldwater Drive, Powell. Other residential.
  5. $518,816. 4615 Sanctuary Drive, Westerville, Residential vacant land.

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It was a good week to be in the Sunbury zip code (43074), with the highest average sales price in the county last for zip codes with at least five valid transactions. Sunbury home owners average $424,038 per sale last week, while Westerville ($330,812), Powell ($319,513), and Galena ($264,401) rounded out the top five Delaware County zip codes this past week.

Top Delaware County Sales by City

  • Ashley (0)
  • Centerburg (1) – 5999 Lane Road, $375,000
  • Columbus (1) – 1588 England Drive, $209,000
  • Delaware (20) – 7970 Reins Court, $447,883
  • Dublin (1) – 8790 Davington, $340,000
  • Galena (7) – 6112 Braymoore, $595,910
  • Kilbourne (1) – 3720 North Old State Road, $171,650
  • Lewis Center (17) – 7070 Sedge Drive, $358,237
  • Ostrander (2) – Huston Street, $105,000
  • Powell (12) – 8348 Steitz Road, $625,000
  • Radnor (0)
  • Sunbury (7) – 285 Dent Road, $465,000
  • Westerville (17) – 4615 Sanctuary Drive, $518,816

Until we meet again, if you need assistance with your real estate transaction contact Toby Boyce at (740) 990-9748.

Delaware Health District Offers Safety Checks

In an effort to help older adults stay safe and stay independent in their home, the Delaware General Health District’s falls prevention program offers home safety checks.

delaware seniors can get health screening

Delaware County seniors can schedule a home-health check through the Delaware County Generhal Health District. [Cécile Graat/stock.xchng]

A home safety check is a free service where a health district health educator and a registered public health nurse tour an older resident’s home to assess any safety concerns. The appointments generally last an hour and include a health screening with the registered nurse.

In some cases, the assessment may find that an older adult is in need of grab bars in the bathroom, ramps to the door or simply a furniture rearrangement. The Health District works closely with the Council for Older Adults to provide home modifications on a sliding fee scale based on income and need.

Upon completion of the safety checks, clients will receive a safety tool kit that includes items that can help make a home become fall proof. Items include a nightlight, flashlight and an aluminum assist reacher.

For more information or to schedule a home safety check, call Mitchell Briant, DGHD adult injury prevention coordinator, at 740-203-2054.

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.

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Mosquito Fogging Announced in Four Delaware County Communities

The Delaware General Health District will fog to kill mosquitoes in four Delaware County communities starting early next week.

West Nile virus has been detected in mosquito traps set in the City of Delaware, Orange Township, Genoa Township, and near the Village of Shawnee Hills.

Delaware County Mosquito Spraying

[/media-credit] Delaware County General Health District has announced mosquito spraying in four communities in the coming weeks. (art by Zoran Ozetsky, stock.xchng)

Starting Monday evening, July 30, fogging is planned in:

  • The entire Village of Shawnee Hills
  • Orange Township in the area bounded by the railroad tracks on the west, Lewis Center Road on the north, I-71 on the east, and East Powell Road on the south, plus the hamlet of Lewis Center.

Later next week, fogging will commence in:

  • Genoa Township in the area bounded by State Route 3 on the west, Lewis Center Road on the north, Sunbury Road on the east, and Maxtown Road on the south.

After that – possibly not until the week of August 6 – fogging will commence in:

  • The entire City of Delaware.

Fog is sprayed from marked white Delaware General Health District pickup trucks with yellow beacons.

Crews will place signs advising residents in the fogging zones while the work is taking place. Any residents who do not want fogging done on their property can call the Health District at 740-368-1700 and ask to be placed on the No-Fog List.

Fogging will not proceed if the weather is windy or rainy. Updated fogging plans will be announced on delawarehealth.org and the Health District Information line, 740-203-2015.

The Health District’s Residential Services Unit sets mosquito traps nightly at several Delaware County locations to monitor for West Nile virus. Mosquitoes caught in the traps are tested at the Ohio Department of Health laboratory.

All residents are urged to protect themselves from mosquito bites. The most effective prevention is to eliminate standing water where mosquitoes can breed. Make sure your property is free of stagnant water in flower pots, bird baths, tarps, gutters, and other places where it can collect.

Avoid going outdoors early in the evening when mosquitoes are most active. If you go out, wear light-colored long-sleeved clothing and mosquito repellant. Repellants with DEET, picaridin, IR3535, or oil of lemon eucalyptus are recommended for application on bare skin and clothing.

Delaware Earns Top Marks for Realistic Home Prices

Delaware City Schools has been improving its lot over the past several years on the State’s Report Cards and this month they are tops in the inagural “Realistic Price Index: for Delaware County schools it was announced today by Triumph Realty’s Toby Boyce who created the index.

“Real estate statistics are very fluent and just like anything else can be read any way you want to read them,” said Toby. “However, the media loves to talk about ‘pricing’ and how it is changing for the sold listings. However, it seems that the closer the list price is to the sale price the better that market is recovering – as sellers have adjusted the pricing to levels that the sellers are willing to pay and it has moved into a seller’s market.”

In the inagural report, Delaware City Schools had the lowest adjustment to its optimal price point as it was only 6.78% off the $149,760 optimal price. Olentangy also remains in the single digits with the optimal price coming in 9.0% lower than its average $412,435 list price.

School District Active Sold* List Price Sale Price Need list% Change in List^
Delaware City Schools 164 314 $160,657 $139,064 $149,760 -6.78%
Olentangy School District 473 922 $412,435 $317,616 $376,454 -9.00%
Big Walnut School District 91 185 $449,218 $239,707 $350,612 -21.95%
Buckeye Valley School District 96 147 $348,792 $207,881 $248,214 -28.83%
About the Table: * – The number of homes sold as listed in the Columbus Board of REALTORS Multiple Listing Service over the past six months; % – this is a mathematical equation taking the average price per square foot for the sold listings over the past six months and mulitplying it times the average square footage of the active listings providing the “optimal average sales price” in that school district; ^ – denotes the change in percent from the actual list price in the school district and the “need list” price in the school district.

Looking at Months of Inventory

However, while researching the numbers the index struggled on one key element: months of inventory.

As I would have expected, Delaware (6.26) and Olentangy (6.16) are both extending themselves into the neutral category for months of inventory (get a definition on our real estate dictionary). Big Walnut is actually already a seller’s marketwith only 5.9 months of inventory and Buckeye Valley isn’t far enough behind at 7.76 months.

[media-credit id=1 align=”alignright” width=”403″]Realistic Price Index Highlights Delaware Ohio[/media-credit]
Delaware, Ohio, residents are pricing their homes more realistic than their county counterparts according to the innaugural Realistic Price Index.

Looking at the numbers, it appears that the biggest challenge the index faces is the price points of homes. Delaware City, when compared to the other districts, is homogenous with its blend of homes in the $100,000 to $250,000 range. However, the comparison in Buckeye Valley has $30,000 houses in Ashley being compared to $400,000 houses along the Scioto River. When the numbers were rerun it showed that the gap was fairly constant in the lower levels but became exagerated at the high end price point.

The Index’s Judgement

After deliberating, it became evident that the Realistic Price Index was actually showing how the high-end of the market was fairing in each of these school districts. When you measure the market via averages it takes everything down to a single number — however the more extreme the outliers the more extreme your averages become. Hence, you get big gaps between your current average list price for a home in an area and what the “average” home would sell for in those areas.

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