2019 ANNUAL MARKET REPORT For The Village
ABOUT THE REPORT This report was created to help give home sellers, buyers, and current
owners a hyper-local snapshot into our community’s real estate market. Being a real estate agent and Schumacher Place resident, I take special
interest in the day-to-day market activity happening throughout the metro area neighborhoods. Included in this report is a summary of both sales activity for specific price points along with data for each neighborhood, showcasing how the market has changed over the past year.
Looking forward to watching how our community continue to evolve in 2020! Happy to help, Seth
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 2
NEIGHBORHOOD SUMMARY Number of Sales Neighborhood
Average Days on Market
Average Price Per SqFt
2019
Change from ‘18
2019
Change from ‘18
2019
Change from ‘18
Brewery District
47
62.1%
71
25.6%
$251
9.8%
German Village
119
7.2%
61
-4.5%
$286
1.4%
Merion Village
154
-7.2%
40
58.9%
$197
3.2%
Schumacher Place
46
0.0%
44
15.4%
$250
9.3%
GRAND TOTAL
366
4.0%
51
23.2%
$240
5.2%
Average Sale Price Neighborhood
Median Sale Price
2019
Change from ‘18
2019
Change from ‘18
Brewery District
$301,635
11.7%
$265,000
0%
German Village
$513,024
-2.1%
$420,000
3.2%
Merion Village
$284,942
5.8%
$273,000
7.1%
Schumacher Place
$434,680
24.3%
$396,450
60.2%
GRAND TOTAL
$380,063
5.5%
$320,000
4.7%
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 3
CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 4
2019 SALES BY PRICE SEGMENT ~ PRICE SEGMENT 0-$200K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Brewery District
5
51
$230
$187,982
German Village
3
35
$213
$189,500
Merion Village
32
68
$136
$157,578
TOTAL
40
63
$153
$163,773
~ PRICE SEGMENT $200K-$300K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Brewery District
27
62
$266
$244,834
German Village
22
44
$240
$256,802
Merion Village
67
30
$199
$248,942
Schumacher Place
7
19
$189
$239,507
TOTAL
123
39
$221
$248,909
~ PRICE SEGMENT $300K-$500K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Brewery District
9
53
$240
$373,089
German Village
47
57
$275
$391,080
Merion Village
47
37
$223
$373,396
Schumacher Place
26
41
$246
$377,485
TOTAL
129
46
$248
$380,642
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 5
~ PRICE SEGMENT $500K-$750K ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
Brewery District
6
154
$224
$544,770
German Village
29
78
$300
$588,048
Merion Village
8
38
$271
$576,238
Schumacher Place
12
67
$286
$607,010
TOTAL
55
78
$284
$585,746
~ PRICE SEGMENT $750K-$1M ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
German Village
10
53
$302
$868,250
TOTAL
10
53
$302
$868,250
~ PRICE SEGMENT $1M-$2M ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
German Village
7
97
$396
$1,245,000
Schumacher Place
1
11
$346
$1,220,000
TOTAL
8
86
$390
$1,241,875
~ PRICE SEGMENT $2M+ ~ Neighborhood
Number of Sales
Average Days on Market
Average Price Per Square Foot
Average Sales Price
German Village
1
91
$685
$2,000,000
TOTAL
1
91
$685
$2,000,000
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 6
GERMAN VILL AGE
3%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
18
28
29
17
92
-3%
Avg Days on Market
71
61
69
53
64
-0.4%
Avg PPSF
$294
$298
$298
$304
$298
3%
Avg Sale Price
$521,889
$582,871
$642,127
$469,224
$568,618
1%
~ CONDOS/ATTACHED UNIT ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
5
9
8
3
25
56%
Avg Days on Market
66
89
28
18
56
-13%
Avg PPSF
$226
$255
$235
$253
$242
0.5%
Avg Sale Price
$292,980
$380,519
$309,000
$257,117
$325,317
12%
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 7
SCHUMACHER PL ACE
6%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
3
15
13
9
40
3%
Avg Days on Market
10
20
39
39
30
-29.5%
Avg PPSF
$235
$248
$232
$252
$243
6%
Avg Sale Price
$292,633
$382,140
$453,338
$415,839
$406,149
14%
~ CONDOS/ATTACHED UNIT ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
1
3
1
1
6
-14%
Avg Days on Market
75
92
462
1
136
944%
Avg PPSF
$248
$304
$307
$317
$298
35.6%
Avg Sale Price
$363,000
$713,938
$619,500
$625,000
$624,886
105%
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 8
MERION VILL AGE
3%
INCREASE IN AVG $/SQ FT FOR FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
27
48
36
26
137
-10%
Avg Days on Market
63
24
48
31
39
46.4%
Avg PPSF
$176
$199
$204
$218
$199
3%
Avg Sale Price
$272,445
$296,151
$288,751
$303,633
$290,955
7%
~ CONDOS/ATTACHED UNIT ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
3
6
5
3
17
21%
Avg Days on Market
71
54
48
16
49
411%
Avg PPSF
$198
$159
$178
$202
$179
3.6%
Avg Sale Price
$211,667
$165,100
$282,000
$328,247
$236,491
-1%
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 9
BREWERY DISTRICT
11%
INCREASE IN AVG $/SQ FT FOR CONDOS ~ SINGLE FAMILY FREESTANDING HOMES ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
0
3
1
0
4
100%
Avg Days on Market
0
45
366
0
125
-22%
Avg PPSF
$0
$198
$194
$0
$197
7%
Avg Sale Price
$0
$333,300
$293,000
$0
$323,225
13%
~ CONDOS/ATTACHED UNIT ~ Q1
Q2
Q3
Q4
2019 TOTAL
CHANGE FROM ‘18
# of Sales
8
13
14
7
42
56%
Avg Days on Market
113
87
27
39
64
31%
Avg PPSF
$272
$247
$265
$247
$258
11%
Avg Sale Price
$256,813
$326,713
$291,140
$286,604
$294,856
10%
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 10
2019 YEAR IN REVIEW 2019 was a good year for the local real estate market and economy. Interest rates slightly decreased and then stabilized. Most neighborhoods saw an increase in key metrics - dollar per square foot, average sale price and median sale price. The overall state of the market remained a Sellers Market across most price segments as we have seen over the past several years. Interest rates remained low and even decreased from the 2018 average. In the second quarter, the average 30-year fixed mortgage dipped below 4%, which we had not seen since 2016-17. This allowed buyers to pick up a little more purchasing power and created a very competitive market among buyers in the entry level and middle price segments. With rates continuing to be low, 2020 could be a good year to buy, especially if you are looking to move up into a higher price point where it’s less of a Seller’s Market. Low interest rates combined with the stable Central Ohio economy saw an increase in property values from 2018. German Village and all adjacent neighborhoods saw between a 4.5% and 5.5% increase in average price per square foot, average sale price and median sale price. We expect this to continue through 2020, especially for properties with updated kitchen and baths.
PAGE 12
KEY REAL ESTATE DATES FOR
2020
JANUARY 20, 2020
FRANKLIN COUNTY FIRST-HALF 2019 REAL ESTATE TAXES DUE
MARCH 1, 2020
PEAK BUYING/SELLING SEASON BEGINS
APRIL 2020
LINDEY’S PATIO OPENS
JUNE 20, 2020
FRANKLIN COUNTY SECOND-HALF 2019 REAL ESTATE TAXES DUE
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 14
JUNE 28, 2020
GERMAN VILLAGE HAUS HAUS UND GARTEN TOUR
JULY 31, 2020
PEAK BUYING/SELLING SEASON ENDS
DECEMBER
VILLAGE LIGHTS
DECEMBER
NEW PROPERTY VALUATIONS RELEASED BY COUNTY AUDITOR
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 15
1
3
5
2
4
NEW TO THE NEIGHBORHOOD 1. Parsons North Brewing Co 685 Parsons Ave. Columbus, OH 43206 parsonsnorth.com
2. Commune
677 Parsons Ave. Columbus, OH 43206
4. Antiques on High 714 S High St. Columbus, OH 43206 antiquesonhigh.com
5. Law Bird
740 S High St. Columbus, OH 43206 lawbirdbar.com
comune-restaurant.com
3. Jonys Sushi 195 Thurman Ave. Columbus, OH 43206 jonyssushi.com
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 18
His approach with both buyers and sellers is to use data and market insight as a guide for clients to make informed decisions.
ABOUT SETH Seth specializes in working with those relocating around the north arc suburbs, the luxury home market, and downtown neighborhoods where he calls Merion Village home. His interest in residential real estate comes from spending time touring
properties with his grandfather who also was a residential agent. His approach with both buyers and sellers is to use data and market insight as a guide for clients to make informed decisions.
Seth likes for clients to have a high level of comfort in their choices by making
sure they move at their own pace and being available for them to capitalize on
all opportunities. Being a member at Cam Taylor, he quickly achieved the One,
Five and Ten Million Dollar Club Awards and currently ranks in the top percentile among all agents by sales volume. While earning a business degree from The
Ohio State University, he interned with the football team and continues to cheer
on the Buckeyes. When not with clients or at the office, Seth enjoys spending time
with friends, learning what is new to do in Central Ohio, and openly admits to binge watching reality television.
CAM TAYLOR ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 20
ABOUT CAM TAYLOR 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 ~ 2020 REAL ESTATE MARKET REPORT
*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS
PAGE 22
CONTACT SETH (614) 980-7181 SETH@CAMTAYLOR.COM