Home Values Continue to Rise

Home values continue to rise which is good news for central Ohio. The average sale price for the first nine months of the year is $161,204 up 7.4 percent from the beginning of 2010 according to the Columbus Board of REALTORS®.

There were fewer homes listed for sale last month than is customary for September. Over the last five years, there was an average of 3,710 homes added to the market during the month of September. However, last month only 2,997 residential homes were added to the already elevated inventory in central Ohio.

Although slightly lower than August, the total residential listings in September (16,728) was still higher than it’s been since August of 2008 when the inventory level rose to 16,975.

“Inventory levels had come down over the last year and a half – which is what we were working towards,” said Sue Lusk-Gleich, President of the Columbus Board of REALTORS®. “When inventory levels are too high, the increased competition forces some homeowners to sell at prices that are too low which in turn often affects the values of other neighboring homes.”

“In order to re-balance the market, we either need the inventory to decrease or the number of buyers to increase. And since the tax credit incentives brought many buyers into the market earlier than we would have seen otherwise, we have a smaller pool of potential home buyers to absorb the inventory now.”

Home sales were down 28.4 percent in September and the number of homes that went into contract was also down almost 25 percent which doesn’t bode went for October home sales.

“When comparing sales figures to the previous year, we need to remember that home sales have been elevated since April of 2008 due to the tax credits,” adds Lusk-Gleich. “Even so, sales are still up four percent year to date.”

The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow, Pickaway and Union Counties and parts of Champagne, Clark, Hocking, Licking, Fairfield, Knox, Logan, Marion, and Ross Counties.

OPEN HOUSE Sun. 2-4 Oct. 31

2425 Crestview Woods Ct. in Park Trails

Move right into this 2 story home on a cul-de-sac with 4 bedrooms and 2.5 baths in Granville Schools. Open plan kitchen with island and large double pantry. Enjoy the views from the deck that overlooks green space and trees. Master suite features garden tub, large walk-in closet and more. Partially finished walkout basement is plumbed for bathroom and is perfect for a family room, game room, or home office. Easy access to highway to Columbus, shopping, dining, and bike path that leads to downtown Granville.

For more information, call Phil Frye The Real Estate Guy at 740-403-7128 or e-mail @ phil.frye@century21.com. CENTURY 21 Frank Frye Real Estate.

Directions: River Rd. to Ravine Bluff Dr., Right on Highbanks Valley Dr., Rt. on Crestview Woods Ct.

Reds come up short but fans have fun!

(L to R) Mitch Fellows, Frank Frye, Phil Frye, and Mike Windholtz.



View from our Seats in Section 127.

The Cincinnati Reds came up short losing 2-0 to the Philadelphia Phillies Sunday night at Great American Ballpark in Cincy as the Phils swept the Reds 3-0. We had great seats and the atmosphere was electric with 45,000+ standing, cheering, and waving their white rally towells, but Cole Hamels and the Phils shut down the Reds offense and ended their season. We'll see what happens next season when the Cubs battle the Reds for the NL Central. :)



Phil and Frank Frye.



Our new best friend.



Just Listed! Four Level Home with 3,332 Sq. Feet



Quad Level Home with Four Bedrooms & Two Baths



2258 Martinsburg Rd. Newark, OH 43055

Enjoy the panoramic country views from this quad level home with a unique floorplan, four bedrooms and two baths.

Upgrades, inc.: furnace, carpet & flooring, attic fan, bathrooms, deck, landscaping, and new paint! Lots of storage & natural light.

Bar & fireplace in walkout basement. Private setting but close to town! For more pictures, click here. 

This home is located off Cedar Run Rd. at 2258 Martinsburg Rd. Newark, OH between Amy Lane and Stewart Rd.

 To take a tour, call Phil Frye "The Real Estate Guy" at 740-403-7128. phil.frye@century21.com   CENTURY 21 Frank Frye Real Estate

Mitch Fellows Named Agent of the Month



Mitch Fellows

CENTURY 21 Frank Frye Real Estate has named REALTOR® Mitch Fellows as its top Sales Associate of the Month for September. REALTOR® Ric Lahmers was named Second Sales Associate, and REALTOR® Beverly Vermillion was named Third Sales Associate for September.

The awards are based on sales statistics including: listing properties for sale and placing properties into contract.

CENTURY 21 Frank Frye Real Estate is a full service real estate company serving all of Licking County, and has been located in historic downtown Newark since 1977.