2019 REAL ESTATE MARKET REPORT For The North Arc
2018 SALES BY PRICE SEGMENT ~ PRICE SEGMENT 0-$300K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Bexley
59
23
$188
$229,918
Big Walnut
121
22
$138
$220,210
Buckeye Valley
101
28
$128
$203,744
Delaware
527
22
$115
$193,600
Dublin
607
16
$135
$198,737
Gahanna
589
16
$126
$210,049
Grandview
59
28
$181
$190,281
Hilliard
1233
16
$135
$202,765
New Albany
89
35
$136
$230,871
Olentangy
504
22
$145
$239,947
Upper Arlington
193
23
$181
$217,467
Westerville
1080
16
$129
$203,395
Worthington
642
14
$139
$200,355
GRAND TOTAL
5804
18
$135
$206,780
~ PRICE SEGMENT $300K-$500K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Bexley
71
23
$208
$376,012
Big Walnut
144
41
$157
$384,002
Buckeye Valley
134
44
$157
$378,347
Delaware
51
32
$129
$338,309
Dublin
500
40
$153
$394,666
Gahanna
206
34
$138
$375,460
Grandview
57
22
$270
$397,795
Hilliard
338
40
$142
$366,695
New Albany
174
29
$149
$388,677
Olentangy
876
45
$147
$382,153
Upper Arlington
286
26
$215
$390,297
Westerville
388
33
$141
$365,022
Worthington
260
25
$161
$369,096
GRAND TOTAL
3485
37
$157
$379,585
~ PRICE SEGMENT $500K-$750K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Bexley
45
48
$227
$592,476
Big Walnut
25
73
$215
$567,698
Buckeye Valley
8
95
$148
$545,554
Dublin
194
82
$175
$596,203
Gahanna
52
68
$155
$564,798
Grandview
34
40
$279
$597,101
Hilliard
54
92
$164
$562,405
New Albany
93
69
$176
$612,430
Olentangy
232
77
$170
$589,547
Upper Arlington
145
32
$231
$598,610
Westerville
32
95
$175
$586,165
Worthington
40
59
$191
$565,089
GRAND TOTAL
954
68
$188
$589,950
~ PRICE SEGMENT $750K-$1M ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Bexley
7
70
$251
$835,301
Big Walnut
4
42
$304
$855,000
Buckeye Valley
2
189
$255
$848,750
Dublin
40
114
$205
$856,933
Gahanna
1
1
$222
$912,500
Grandview
12
11
$271
$790,912
Hilliard
2
32
$270
$887,500
New Albany
28
89
$197
$842,259
Olentangy
42
80
$191
$841,570
Upper Arlington
45
40
$251
$853,779
Westerville
3
45
$208
$835,667
Worthington
3
159
$211
$798,333
GRAND TOTAL
189
74
$222
$844,823
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 4
2018 SALES BY PRICE SEGMENT CONTINUED
~ PRICE SEGMENT $1M-$2M ~ Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Bexley
9
135
$253
$1,333,889
Big Walnut
3
168
$393
$1,494,317
Dublin
18
179
$260
$1,253,228
Gahanna
3
212
$186
$1,289,752
Grandview
1
1
$287
$1,110,000
Hilliard
1
3
$258
$1,275,000
New Albany
21
194
$240
$1,387,800
Olentangy
11
123
$210
$1,253,000
Upper Arlington
20
79
$369
$1,419,742
Worthington
1
12
$306
$1,255,000
GRAND TOTAL
88
143
$276
$1,339,511
Neighborhood
~ PRICE SEGMENT $2M+ ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Hilliard
1
74
$267
$2,225,000
New Albany
3
72
$238
$2,300,000
Upper Arlington
1
17
$275
$2,275,000
GRAND TOTAL
5
61
$251
$2,280,000
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 5
BEXLEY
5.9%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
28
52
57
50
187
-19.0%
Avg Days on Market
50
26
31
40
35
-15.4%
Avg PPSF
$197
$206
$214
$212
$209
5.9%
Avg Sale Price
$417,000
$407,611
$449,300
$471,893
$438,912
-5.3%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
1
1
1
1
4
0.0%
Avg Days on Market
1
191
136
6
84
-48.6%
Avg PPSF
$261
$233
$303
$247
$261
26.3%
Avg Sale Price
$425,000
$589,000
$645,000
$1,040,000
$674,750
57.9%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 6
BIG WALNUT
7.6%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
49
82
93
64
288
4.7%
Avg Days on Market
47
37
27
44
37
-2.0%
Avg PPSF
$167
$159
$158
$156
$159
7.6%
Avg Sale Price
$372,219
$346,714
$336,644
$377,807
$354,711
1.3%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
1
4
2
2
9
-50.0%
Avg Days on Market
4
60
3
31
34
-1.9%
Avg PPSF
$117
$133
$109
$114
$123
1.4%
Avg Sale Price
$150,000
$216,775
$285,888
$145,750
$208,931
10.7%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 7
BUCKEYE VALLEY
9.6%
DECREASE IN THE NUMBER OF SALES FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
32
57
72
57
218
-9.6%
Avg Days on Market
59
39
26
44
39
13.3%
Avg PPSF
$141
$141
$144
$135
$141
-5.6%
Avg Sale Price
$316,061
$314,906
$304,900
$307,796
$309,912
0.1%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
5
9
9
4
27
-11.1%
Avg Days on Market
3
46
34
169
53
65.7%
Avg PPSF
$178
$177
$193
$195
$185
-20.8%
Avg Sale Price
$385,346
$356,457
$332,964
$411,566
$362,140
-10.6%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 8
DEL AWARE
10%
INCREASE IN AVG SALES PRICE FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
86
146
152
125
509
-4%
Avg Days on Market
33
20
19
27
24
13%
Avg PPSF
$108
$120
$122
$120
$119
6%
Avg Sale Price
$202,677
$211,635
$226,464
$219,479
$216,476
10%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
11
18
18
14
61
-15%
Avg Days on Market
19
10
13
17
14
-52%
Avg PPSF
$105
$113
$109
$106
$109
0%
Avg Sale Price
$136,761
$154,567
$145,517
$138,957
$145,103
3%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 9
DUBLIN
35%
DECREASE IN AVERAGE DAYS ON MARKET FOR CONDOS ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
160
300
287
206
953
4%
Avg Days on Market
67
47
36
46
47
0%
Avg PPSF
$148
$159
$156
$156
$156
5%
Avg Sale Price
$410,904
$446,654
$411,108
$410,821
$422,201
6%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
79
116
118
93
406
4%
Avg Days on Market
37
19
13
26
22
-35%
Avg PPSF
$128
$145
$142
$137
$139
11%
Avg Sale Price
$192,115
$229,252
$229,308
$207,301
$217,014
14%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 10
GAHANNA
6%
INCREASE IN AVG SALES PRICE FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
127
219
216
160
722
2%
Avg Days on Market
38
22
23
24
25
-5%
Avg PPSF
$131
$135
$133
$129
$132
6%
Avg Sale Price
$283,394
$314,912
$297,717
$253,347
$290,581
6%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
33
34
29
32
128
-3%
Avg Days on Market
16
11
19
22
17
-14%
Avg PPSF
$118
$117
$132
$115
$120
4%
Avg Sale Price
$184,416
$193,861
$233,937
$181,513
$197,419
1%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 11
GRANDVIEW
23% AND 24%
DECREASE IN AVG DAYS ON MKT FOR FREESTANDING AND CONDOS ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
15
30
28
18
91
25%
Avg Days on Market
19
18
19
25
20
-23%
Avg PPSF
$261
$286
$275
$255
$272
8%
Avg Sale Price
$467,775
$501,950
$436,166
$445,692
$464,947
13%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
19
22
20
11
72
18%
Avg Days on Market
57
45
14
25
37
-24%
Avg PPSF
$200
$187
$203
$174
$193
0%
Avg Sale Price
$351,853
$311,089
$310,088
$251,104
$312,404
11%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 12
HILLIARD
6%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
202
401
381
266
1250
0%
Avg Days on Market
35
20
19
31
24
2%
Avg PPSF
$136
$141
$142
$138
$140
6%
Avg Sale Price
$263,911
$280,104
$279,223
$264,586
$273,917
5%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
82
113
101
81
377
-4%
Avg Days on Market
21
20
14
27
20
31%
Avg PPSF
$124
$131
$131
$135
$130
11%
Avg Sale Price
$173,977
$178,911
$179,708
$178,899
$178,049
10%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 13
NEW ALBANY AVERAGE SALES PRICE OF
$518K
FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
67
118
114
82
381
-5%
Avg Days on Market
53
48
51
66
54
0%
Avg PPSF
$153
$160
$169
$165
$163
1%
Avg Sale Price
$477,345
$527,568
$540,711
$508,896
$518,650
3%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
4
7
11
5
27
-39%
Avg Days on Market
54
69
18
9
35
48%
Avg PPSF
$145
$133
$130
$166
$140
-4%
Avg Sale Price
$242,925
$256,036
$223,400
$386,680
$264,991
-16%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 14
OLENTANGY
4%
INCREASE IN AVG SALES PRICE AND AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
213
389
435
287
1324
-4%
Avg Days on Market
71
36
41
57
48
-2%
Avg PPSF
$145
$151
$152
$151
$150
4%
Avg Sale Price
$410,530
$413,819
$419,452
$416,406
$415,701
4%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
73
110
85
73
341
-19%
Avg Days on Market
49
23
22
29
30
-11%
Avg PPSF
$152
$149
$154
$152
$152
7%
Avg Sale Price
$275,783
$269,107
$259,118
$266,511
$267,490
9%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 15
UPPER ARLINGTON
10%
DECREASE IN AVERAGE DAYS ON MARKET FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
95
174
177
102
548
-3%
Avg Days on Market
37
23
22
44
29
-10%
Avg PPSF
$226
$230
$229
$237
$231
6%
Avg Sale Price
$461,214
$519,775
$515,689
$491,865
$503,109
5%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
28
46
41
27
142
6%
Avg Days on Market
26
25
28
39
29
0%
Avg PPSF
$156
$155
$168
$154
$159
4%
Avg Sale Price
$244,071
$237,666
$248,337
$216,017
$237,894
7%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 16
WESTERVILLE
7%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
214
383
402
268
1267
-9%
Avg Days on Market
34
15
20
31
23
3%
Avg PPSF
$131
$137
$136
$134
$135
7%
Avg Sale Price
$264,336
$268,760
$273,623
$259,595
$267,617
6%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
44
73
68
51
236
-11%
Avg Days on Market
22
15
13
18
16
-23%
Avg PPSF
$121
$124
$138
$122
$127
10%
Avg Sale Price
$169,601
$182,014
$202,603
$175,717
$184,271
6%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 17
WORTHINGTON
10%
DECREASE IN FREESTANDING HOMES SOLD ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
123
198
211
150
682
-10%
Avg Days on Market
33
11
19
29
21
-6%
Avg PPSF
$147
$161
$159
$160
$158
5%
Avg Sale Price
$313,525
$309,396
$308,023
$300,206
$307,695
5%
~ CONDOS/ATTACHED UNIT ~ Q1 2018
Q2 2018
Q3 2018
Q4 2018
2018
CHANGE FROM ‘17
# of Sales
42
69
92
61
264
0%
Avg Days on Market
10
11
16
22
15
-17%
Avg PPSF
$114
$121
$120
$127
$121
6%
Avg Sale Price
$143,792
$162,178
$148,455
$165,756
$155,297
4%
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 18
LOOKING FORWARD INTO 2019 2018 was a good year for the local real estate market and economy. As we transition further into 2019, keep an eye on the turbulent political climate, jostling interest rates, and peak market timing. With national partisan tension causing a rocky road on Wall Street, we will see similar volatility in the real estate market, especially the upper middle and luxury price points. Once this subsides, these price points should get back on track from the previous two years. As the stock market fluctuates, The Fed may refrain from raising interest rates to keep the national economy stable. Locally, this will help retain the seller’s market in the entry level through mid level price points. The luxury price point will remain in flux with the stock market and will likely move between equilibrium and a buyer’s market. For buyers, look for the local real estate market to enter into an Opportunity Market this year. This is a market where sellers in the upper middle to luxury price points become more negotiable. At the same time, entry level to middle price points remain a seller’s market. If you are looking to move up in size and price point, this is the best kind of market to do so. Higher-end sellers are more likely to accept an existing home sale contingency where buyers can directly transfer equity from their current home toward the down payment on their purchase. For sellers, timing and overall condition of your home will play a much more important role. With higher interest rates and less job growth predicted for this year, there would be fewer potential buyers. It will still be a seller’s market for most price points, but just not as extreme as years past. If you know you need to sell soon, but can be flexible on the exact timing, list your home according to the micro area peak-selling season to ensure the highest and quickest sale possible. For most local markets, the peakselling season is between March and July.
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 20
KEY REAL ESTATE DATES FOR
2019
DECEMBER 2018
NEW PROPERTY VALUATIONS RELEASED BY COUNTY AUDITOR
JANUARY 22, 2019
FRANKLIN COUNTY FIRST-HALF 2018 REAL ESTATE TAXES DUE
FEBRUARY 11, 2019
DELAWARE COUNTY FIRST-HALF 2018 REAL ESTATE TAXES DUE
FEBRUARY 13, 2019
UNION COUNTY FIRST-HALF 2018 REAL ESTATE TAXES DUE
MARCH 1, 2019
PEAK BUYING/SELLING SEASON BEGINS CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 22
JUNE 20, 2019
FRANKLIN COUNTY SECOND-HALF 2018 REAL ESTATE TAXES DUE
JULY 11, 2019
DELAWARE COUNTY SECOND-HALF 2018 REAL ESTATE TAXES DUE
JULY 17, 2019
UNION COUNTY SECOND-HALF 2018 REAL ESTATE TAXES DUE
JULY 13 - 28, 2019
BIA PARADE OF HOMES EVANS FARM
JULY 31, 2019
PEAK BUYING/SELLING SEASON ENDS CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 23
1
2
3
5
4
6
NEW TO THE NEIGHBORHOOD 1. House Wine
2262 E Main St. | Bexley, OH 43209 housewine.biz
2. Pins Mechanical Company 6558 Riverside Dr. | Dublin, OH 43017 pinsbar.com
3. Everest Cuisine
652 High St. | Worthington, OH 43085 everestcuisinecolumbus.com
4. Over The Counter
5596 N High St. | Worthington, OH 43085 overthecounterofworthington.com
5. Johnson’s Ice Cream
160 W Main St. | New Albany, OH 43054 johnsonsrealicecream.com
6. Alchemy Juice Cafe
1439 Grandview Ave. | Grandview, OH 43212 alchemyjuicecafe.com
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 26
ABOUT CAMTAYLOR As a family-owned business since 1968, treating agents and clients like family comes
second-nature. The entire Cam Taylor team gets a kick out of Central Ohio, spending a lot of their free-time shopping and eating in some of Columbus’ local businesses.
Cam Taylor helps their clients buy and sell homes the right way. Focusing on helping connect home buyers to the right neighborhood for their family and lifestyle. From
first-time home buyers, tenants and those relocating to Central Ohio from across the country, our agents take pride in being leaders hyper-specialized in Columbus’ real
estate market. Through Leading Real Estate Companies of The World®, we also help connect those buying and selling in other cities and countries with similar agents.
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 30