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Baron Music Supporters Schedule Walk, Run

Baron Music Supporters Schedule Walk, Run

Proceeds Benefit Baron Music Boosters

BV

Buckeye Band Boosters will lead the Run to the Baron Beat 5k on Saturday, April 9, at 8:30 a.m. at the Middle / High School campus in Delaware, Ohio.

The run/walk is mostly a flat course which loops around Buckeye Valley’s Middle and High School campus. The trail will loosely follow the cross country course with multiple terrains providing a small challenge. In addition to the race, there will be music, food, vendors and raffles.

The event is $20 for 19-under and $25 for everyone else through March 31. From April 1 through race day it is $25 for 19-under and $30 for everyone else. Registration includes a T shirt ($2 for those XL or larger) and race packet. Sign Up Today!

SAFE Delaware County Coalition Receiving $42k

SAFE Delaware County Coalition Receiving $42k

Delaware County Health District Receives Grant

Delaware County Health Commissioner, Shelia Hiddleson today announced the Ohio Department of Public Safety’s Ohio Traffic Safety Office awarded $41,999.97 in federal traffic safety funding to the Delaware General Health District for federal fiscal year 2016.

Delaware County General Health District Helping Save Lives
Delaware County General Health District received a state grant to improve the safety of Delaware County drivers. [image by Ariel Camilo]
The Health District has identified that the lack of seat belt use, driver inattention, and impaired driving are impacting the safety and welfare of the citizens of Delaware County.

To save lives and improve citizen’s quality of life, the Health District will use the grant funds to coordinate the SAFE Delaware County Coalition. The coalition — comprised of local law enforcement and other agencies — promotes awareness of traffic safety issues such as seat belt restraint usage, impaired and distracted driving, speed, motorcycle safety and teen driver safety.  This year the coalition will focus on senior driver safety and commercial traffic in Delaware County.

The funds are passed through the Traffic Stafety Office from the National Highway Traffic Safety Administration to support the efforts of safety partners statewide and focus on traffic safety priority areas such as restraint use, impaired driving, motorcycle safety and youthful drivers.

Competitive grant proposals are accepted and reviewed by Ohio Traffic Safety Office. The competitive grant process solicited grant proposals from state agencies, non-profit organizations, colleges, universities, hospitals, political subdivisions and other interested groups within selected Ohio counties and jurisdictions based upon the number of fatal crashes.

Buckeye Valley only County School to Earn Prestigious Honor

Buckeye Valley only County School to Earn Prestigious Honor

Buckeye Valley Local Schools is one of 547 school districts in the U.S. and Canada being honored by the College Board with placement on the fifth-Annual AP® District Honor Roll for increasing access to AP course work while simultaneously maintaining or increasing the percentage of students earning scores of 3 or higher on AP Exams.

Buckeye Valley honored for advanced placement
Buckeye Valley only Delaware County school included on AP District Honor Roll.

BV is the only Delaware County school and joins Dublin City Schools and Worthington Schools as the only central Ohio districts. Inclusion on the fifth Annual AP District Honor Roll is based on the examination of three years of AP data, from 2012 to 2014, looking across 34 AP Exams, including world language and culture. The following criteria were used.

  • Increase participation/access to AP by at least 4 percent in large districts, at least 6 percent in medium districts, and at least 11 percent in small districts;
  • Increase or maintain the percentage of exams taken by African American, Hispanic/Latino, and American Indian/Alaska Native students; and
  • Improve performance levels when comparing the percentage of students in 2014 scoring a 3 or higher to those in 2012, unless the district has already attained a performance level at which more than 70 percent of its AP students are scoring a 3 or higher.

Reaching these goals indicates that the district is successfully identifying motivated, academically prepared students who are ready for the opportunity of AP. Since 2012, Buckeye Valley Local Schools has increased the number of students participating in AP while improving the number of students earning AP Exam scores of 3 or higher.

The district continues to identify instructional models and courses that provide a menu of options for students looking to advance their coursework beyond the traditional offerings.

For a complete list of honorees visit here.

It Happened This Week in Delaware Real Estate!

It Happened This Week in Delaware Real Estate!

Another exciting week in Delaware, Ohio, real estate that ended on Halloween.

For the week there was 93 valid transfers recorded by the Delaware County Auditor’s Office and released this morning. Those valid transfers averaged $277,352 per home, which was a large drop from last week. However, the number would be expected to rise next week as the real estate closings from the end of the week get recorded.

Top Five Real Estate Transactions

Delaware County, October 25-31, 2014
  1. $1,155,720. 5571 Via Alvito Drive, Westerville, residential vacant land.
  2. $622,500. 2581 Meadowshire Road, Galena, single family owner occupied.
  3. $564,486. 6409 Braymoore Drive, Galena. residential vacant land.
  4. $515,000. 7194 Brodie Boulevard, Dublin. single-family owner occupied.
  5. $515,000. 595 Retreat Lane, Powell. single-family owner occupied.

As usual, Toby Boyce would doubt that if you drove by 5571 Via Alvito or 6409 Braymoore you’d find vacant land. Instead you’d find a couple beautiful homes – Via Alvito by Romanelli & Hughes and Bryamoore by M/I Homes – that were just completed.

Top-Priced Real Estate Transactions By City

For the Week October 25-31, 2014
  • Ashley (1) — 0 Ashley Road, $105,000.
  • Columbus (5) — 9128 Scenic View Circle, $185,000.
  • Delaware (27) — 232 Olentangy Crossings, $339,302.
  • Dublin (3) — 7194 Brodie Boulevard, $515,000.
  • Galena (7) — 2581 Meadowshire Road, $622,500.
  • Lewis Center (7) — 6147 Scarlet, $360,221.
  • Marengo (1) — 7940 Lott Road, $270,000.
  • Ostrander (1) — 5477 Stover Road, $120,000.
  • Powell (17) — 595 Retreat Lane, $515,000.
  • Radnor (1) — 0 Fulton Creek Road, $34,000.
  • Sunbury (11) — 0 Safron Drive, $299,185.
  • Westerville (7) — 5571 Via Alvito Drive, $1,155,720.

There were some other key news pieces to come to light this past week that could have a direct-impact on those owning property in Delaware County, Ohio.

Breaking, Interesting Real Estate News

  • Dublin (22) and Powell (9) were named among the 50 best suburbs in America, according to Columbus Business Firsty
  • Orange Township has emerged as the third candidate for Amazon’s $1 billion data center according to Columbus Business First. The location appears to be on 74-acres on the southwest corner of Home Road and U.S. 23 North — just north of the “bridge to nowhere” — with a petition being submitted to the township for rezoning.
  • Mid-Ohio Regional Planning commission announced its 2015 Member Population Estimates with Jerome Township and New Albany among the region’s fastest growing. As a whole MORPC estimates Central Ohio will grow by less than one percent in 2015.

Some good signs coming in Delaware City and Delaware County. And as always, if you want information on any of the above articles or just to chat real estate call Toby Boyce at 740-990-9748 or via e-mail.

What Happened in Delaware Real Estate This Week?

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.

imgpreview

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 County’s Top 5 Sales From Last Week

Delaware County’s Top 5 Sales From Last Week

Delaware County processed 66 valid property transfers last week it was reported today.

Of those transfers, nearly 97 percent were for residential properties including vacant land, condominiums, or single-family residences. (Usage code 500, 501, 510, 511, and 550 for those familiar with that sort of thing.)

HH-logos-no-bkgd

The average sales price of a home in Delaware County was $276,577 last week.

Top Five Delaware County Transactions

  1. $860,000, 6940 Stillwater Cove, Westerville, Ohio, single-family home.
  2. $772,000, 5230 Woodbridge Avenue, Powell, Ohio, single-family home.
  3. $660,000, 5623 Wild Pine Court, Westerville, Ohio, single-family home.
  4. $515,000, 4250 Marysville Road, Delaware, Ohio, cash – grain or general farm.
  5. $512,000, 8429 Clarington Court, Powell, Ohio, single-family home.

Delaware County is a diverse community and no where does that show up more prevalent than the community breakdown of sales – both quantity (number in parenthesis) and volume.

Top Sales By Community

  • Ashley (1) – 400 East High Street, $40,000.
  • Delaware (17) – 4250 Marysville Road, $515,000.
  • Dublin (1) – 5757 Whitecraigs Court, $348,000.
  • Galena (2) – 10065 Sage Creek Drive, $160,000.
  • Lewis Center (12) – 3302 Foxcroft Drive, $395,700.
  • Ostrander (1) – 6451 Marysville Road, $101,000.
  • Powell (13) – 5230 Woodbridge Avenue, $772,000.
  • Radnor (1) – 4132 Radnor Road, $120,000.
  • Sunbury (5) – 1919 County Road 605, $360,000.
  • Westerville (14) – 6490 Stillwater Cove, $860,000.

For more information on this information contact Toby Boyce of Howard Hanna RealCom’s Commercial Division at 740-990-9748 or by e-mail.

All information is believed to be accurate but not guaranteed.

Delaware Health District Offers Safety Checks

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

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
6200 dublin road, delaware, ohio toby boyce
Ready to move? Don’t miss out on this beautiful home in Concord Twp with 5 bedrooms, on 3.7 acres.

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

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.

Average Home in Delaware County Selling For $203k

Average Home in Delaware County Selling For $203k

Delaware County Weekly Transactions
Average transfer price and transactions in Delaware County last week.

It was another good week in Delaware (Ohio) County real estate as 148 units transferred last week for a total market value of $30,104,011 and a tax-base value of $28,745,000.

The average price has remained strong with the average market price being $203,405 — with the higher values being continually held in the southern part of the County.

Powell saw 30 units change hand for a market-value of $278,701 and Lewis Center accounted for 20 transfers last with at an average price of $258,636.

By contrast, Ashley had three homes transfer with a value of $76,667. Radnor had two change hands at an average price for $140,425.

The City of Delaware was abnormally low with an average value of $116,821 on 34 transfers. The low price can be in large part accounted for that 62 percent of the transactions were not arm’s length deals.

For more information contact Toby Boyce at (740) 990-9748 or e-mail.

Delaware County’s Inventory Hovering At Two Months

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.

If you were signed up to receive Toby’s E-Newsletter you’d have gotten this story a week ago with other subscribers.

Why don’t you sign-up today!

Delaware Real Estate Continues to Slide Further into Winter

Delaware Real Estate Continues to Slide Further into Winter

This Week in Real Estate: January 21-27

stock-photo-10869212-real-estate-signs

If last week’s real estate numbers in Delaware County were a lamb, then this week is … well … lambchop?

Only 63 property’s transferred in Delaware County last — the lowest in the 12 weeks we’ve been tracking here at DelawareOHRealEstate.com — exactly one-half of the units that transferred last week. The four-week rolling average slid to only 116 properties from 120 last week.

The $8,023,272 in volume is nearly 48 percent below the four-week rolling average of $16,893,493.50. The rolling average slid 7.19 percent this week and is down 52 percent from its high in mid-December.

The four-week rolling average per parcel continues to fall, dropping another 6.31 percent this week, to just under $142,000.

City By City Break Down of Transfers in Delaware County

Community Nu. (Valid) Paid Tax Amt.
Ashley – (-)
Columbus 2 (1) $198,000 $358,700
Delaware 20 (3) $510,808 $3,100,600
Dublin 1 (0) $0 $136,000
Galena 1 (1) $212,000 $198,000
Lewis Center 6 (1) $614,800 $1,554,800
Marengo – (-) $- $-
Ostrander – (-) $- $-
Powell 13 (7) $2,938,065 $2,915,050
Richwood – (-) $- $-
Sunbury 4 (3) $744,000 $682,900
Westerville 17 (8) $2,805,599 $4,491,400

As to the drop in the number of actual transfers the only thing I can guess is that it goes hand-in-hand with the Holiday season. People were focusing on friends and family this time in December and not on buying homes.

I would expect we’ll see the four-week rolling averages begin to trend upward in two weeks after we get past the first of February.

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Public Shaming … As Old As America Itself

Public Shaming … As Old As America Itself

Shaming the public into achieving a common good is nothing new, our government has been doing it for years … and we take it for granted. However, the city of Columbus has been using this methodology to attack slumlords and the Dispatch reviewed it in a recent article “Is city’s ‘list of shame’ working?” by Mark Ferenchik (@MarkFerenchik on twitter).

What’s the “The List of Shame”

The list of shame in this particular case is in regards to non-resident owners that have accumulated a certain amount of code violations and length of property vacancy. Following a tragic fire on Christmas Eve 2011 at 90 Wisconsin Avenue in Columbus, Ohio, in which three people – including a four-year-old boy – died. The sad tale of a personal-heater catching fire and burning down a home turned into public outcry when it became known that the home had been condemned since 2009 yet Sam Vazirani continued to rent the property out until the fatal fire. The “list” was designed to “highlight” or “shame” the offenders of the list into bringing homes into compliance.

America’s History of Shaming

In fact in many cases the government is required to shame the public the name of “public notification.” From foreclosure notices, divorces, to personal property tax delinquencies all of these are required to be publicly published in the county’s paper of record. In Delaware County that’s the Delaware Gazette while in Franklin County it is The Daily Reporter.

It takes many different forms, for example,

  • The weekly foreclosure notices announced in the weekly paper
  • Divorce decrees announced in the paper of record
  • The recently published home phone numbers and contact information for those associated with teh Steubenville “rape case” and the Westboro Baptist Church by the organization Anonymous.
  • Another form, shown below in the chart, is that the Delaware County Auditor is required to release everyone that owes personal property taxes to the County

The Delaware County Auditor released its list of delinquent personal property tax offenders for 2012 recently.

Top Five Delinquent Personal Property Tax Offenders in Delaware County

No. Company Location Amount Owed
1. Qumran Enterprises (dba On-Site Instruments) Orange Twp. $247,274.48
2. General Castings Delaware $145,458.08
3. Sancol Districution Powell $47,191.07
4. PHPK Technologies Inc. Orange Twp. $22,041.19
5. Frontway Network Orange Twp./Columbus $20,243.70

Information from the Delaware County Auditor’s publication of Delinquent Personal Property Tax published on December 18, 2012 in Delaware Gazette.

While very few would find much sympathy for the five listed above, there are the obvious oversights on the list that make you wonder “why?” Case and point is First Corp First Portland which owes the county $0.86. The resources, supplies, and postage eliminate any positive that comes from attempts for the county to recapture that debt.

Does Shaming Work in Today’s Society?

columbus ohio slumlords continue to plague the system.
Slumlords continue to plague the system with vacant and substandard homes throughout Columbus, Ohio.

But back to the point, does shaming work? In tight-knight small-town communities … yes. Is Delaware – and Delaware County – still a small-town tight-knight community that’s debatable.

But when it comes to the direct article in the Dispatch, unfortunately my response would be no. Why?

  • It’s Invisible. The list appears on the Development’s Web site buried about three links deep. That’s essentially invisible in today’s world. I wanted to find the site and essentially had to go back to Ferenchik’s original Dispatch story, then 3-4 clicks later I ended upon the PDF list. Solution: Make the list more prominent on the Web site, turn into more functional feature than a PDF list, allowing for visitors to search the site. Biggest thing – create a “This Week’s Top Five” and promote to the media with a collection of audio quotes and releases for the media. More coverage allows for more awareness.
  • Add Signatory Names to LLC. The “biggest” trick in real estate is to create a limited-liability corporation to limit the personal exposure that is faced when owning a property. In the case of a slumlord it adds another level of screening — who owns the home? For example, the property at 840-842 Campbell Street is owned by Finish Line Investment Properties LLC. Hard to shame someone when know one knows whom the owner is. A quick search on the Secretary of State’s site and a Google search and we have a name for a Radnor, Ohio resident that owns this property. Solution: I would publish the name of the signatory for the person that created the limited-liability corporation, if legally possible.

Why is This on Delaware Ohio Real Estate?

There is definitely an issue with slumlords in Central Ohio – not just Columbus but every Central Ohio community – and we need to work on a program that will address the community on a greater scale than just a one community approach. Sadly though, I believe that it will remain a Columbus problem while the folks in sleeper communities – and I include Delaware, Ohio – bury their head in the sand and say it doesn’t happen here. Drive along some of the streets on the south side and you’ll find homes that are being rented yet lacking in maintenance that most would consider acceptable for our community.

Delaware Weekly Home Sale Reports – December 17-23

Delaware Weekly Home Sale Reports – December 17-23

Twas’ the week before Christmas and the real estate market barely slowed down in Delaware County, Ohio, according to statistics released by the county on Monday, December 24.

Across Delaware County, 147 units were recorded for a recorded $25,887,531 on a reported tax value of $33,446,700. It was a very unique week in that only 45 percent of the transactions were valid sales according to the Delaware County Auditor’s definition. It seems that a lot of the transactions were properties going into foreclosure, being bought out of foreclosure, and intities making strategic transfers — lots of builders moving lots between divisions for example. Hence the transactions were mostly paper moves.

City Units/Valid Market Value Value/Sale
Ashley 3/1 $109,900 $36,633
Centerburg 5/3 $250,000 $50,000
Columbus 2/1 $274,000 $137,000
Delaware 35/12 $7,341,050 $209,744
Dublin 3/0 $0 $0
Galena 9/4 $1,442,400 $131,127
Killbourne 1/0 $22,000 $22,000
Lewis Center 22/9 $4,487,106 $203,959
Ostrander 2/2 $214,900 $107,450
Powell 25/13 $4,177,526 $167,101
Radnor 5/5 $201,933 $40,387
Richwood 1/0 $49,750 $49,750
Sunbury 15/7 $2,824,676 $188,312
Westerville 20/10 $4,492,290 $224,615

The market remained solid for the time of year. No four-week average this week as the “snowmeggedon” has us snowed in at mother-in-law’s and that data is at the home-office.

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Thumbnail image by Toby Boyce, delawareohrealestate.com

 

Ohio Home Sales Mark 17th Consecutive Month of Gains

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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Delaware County Real Estate Report – Dec. 3-9

Delaware County Real Estate Report – Dec. 3-9

More than $43 million in real estate transfers were processed in Delaware County (Ohio) last week, putting the first full week in December more than $23 million ahead of the previous week.

It was a huge week for real estate transactions in Delaware County as the County was well above its four-week average for:

  • Number of Transactions: 210 last week, 113.5 four-week average.
  • Real Estate Volume Sold: $43,292,066 last week, $18,897,782 four-week average.
  • Average Transaction Value: $208,248 last week, $166,500 four-week average.

Breaking down the week by communities in Delaware County. Communities that are located in multiple counties only property located in Delaware County is included in this report.

City Total Sales Valid Sales Sold For Market Total
Ashley 1 1 $291,400 $210,600
Columbus 3 2 $300,700 $471,200
Delaware 56 30 $7,778,359 $7,009,300
Dublin 5 4 $1,997,500 $1,891,200
Galena 13 9 $2,872,323 $2,877,200
Lewis Center 40 29 $8,080,954 $7,239,000
Marysville 1 0 $234,900 $270,600
Ostrander 7 3 $310,000 $792,500
Powell 30 21 $5,601,634 $6,157,000
Prospect 2 1 $2,700,000 $621,600
Radnor 4 1 $321,842 $826,300
Sunbury 18 11 $2,452,614 $2,180,000
Westerville 29 19 $13,219,830 $13,852,300
Total 210 131 $43,292,066 $44,301,800

Total Sales are the total number of transfers recorded by the Auditor’s Office while the Valid Sales column removes all sales that were classified as “not-valid” sales which are non-arm’s length transactions.

So What Made the Difference?

There were two key components that made an important difference in the real estate factors that shaped this past week and make it so busy.

  1. Thanksgiving Hangover. The week of Thanksgiving created a slow-down as everyone scurried to get those loans closed you saw many of them being bounced back by a week-or-more-often-two and voila here we go.
  2. Business Condominiums Floating The Price. One major transaction stood out this past week when Mount Caramel Health System sold its business condominiums at 444 N. Cleveland Avenue in Westerville, Ohio, to Health Care REIT Inc. for the tidy sum of $7,516,000. That one transaction skewed the per unit values by roughly $35,000.

Are these isolated instances? Well that depends on whom you talk to in Washington, D.C., or the rest of the real estate industry …

What to Expect This Week in Delaware County Real Estate?

The week begins with not much happening so expect interest rates and other information to stay relatively stable. However, as the week moves on a few key reports are coming out that could make a key difference.

I expect we’ll see a few more deals like the Mount Caramel – REIT transfer coming down the pike before the December 31 deadline. With the very real concern of the Fiscal Cliff and its implications on big business there will be many looking at options to limit taxable burden heading into 2013 and that might include spinning off some real estate as we close out 2012.

On the residential side, if you are looking to sell and are reasonable about your price the market is your for the picking. Buyers are lining up for well priced houses for the condition and location. Over-priced houses are just sitting and not even getting showings.

 

Memorial Day Events Around Delaware County

Memorial Day Events Around Delaware County

[media-credit name=”szaszlajos | stock.xchng” align=”alignright” width=”502″]Delaware Ohio Memorial Day Weekend[/media-credit]
There are numerous events taking place around Delaware County on this Memorial Day weekend.

Memorial Day weekend is the unofficial start of summer and a chance for Americans to honor those that made it possible for this great nation to be what it is.

It is extremely hard to figure out where the tradition began but General John Logan in May 1865 was among the first to put out a call for nationalization of America’s war dead.

Delaware County continues that tradition this year with many communities continuing the tradition honoring those that have given their life for the American cause.

We cherish too, the Poppy red
That grows on fields where valor led,
It seems to signal to the skies
That blood of heroes never dies.

Sunday, May 27, 2012

  • Delaware, 3 p.m., Soldiers Circle, Oak Grove Cemetery

Monday, May 28, 2012

  • Radnor, 8 a.m., Breakfast at Radnor United Church of Christ; 10 a.m., Parade ends at Cemetery for ceremony, Hog roast to follow by Radnor Fire Department at Community Center
  • Plain City, 9 a.m., parade, elementary school to Bigelow Cemetery
  • Westerville, 9:45 a.m., parade from the corner of State Street and College Avenue, pause at the old National Guard Armory on State, then proceed to Otterbein Cemetery
  • Powell, 10 am., Parade followed by memorial ceremony at Greater Powell Veterans Memorial.
  • Sunbury, 10 a.m., Parade, J.R. Smith Park
  • Dublin, 11 a.m., procession from Bridge Pointe Center to Dublin Cemetery with wreath-throwing ceremony on the Bridge Street bridge. 11:30 a.m., ceremony at Dublin Cemetery. Noon, commemoration at Grounds of Remembrance in Veterans Park with speaker Alex Rozanski, military veteran and brother of Capt. Nicholas Rozanski, an Ohio National Guardsman killed in Afghanistan in April. 12:30 p.m., free picnic lunch on the grounds of the Dublin Library.
  • Galena, 1 p.m., Village Square

So thank a veteran today for giving some – or better yet – get out to one of these events and honor those veterans that gave it all during a war.