More of the Same for Housing Market

The housing market in central Ohio, which rebounded nicely when the federal tax credits were offered in 2009 and early 2010, today is looking like “more of the same.”

According to the Columbus Board of REALTORS® (CBR), the number of homes sold and the average price of homes sold from January though October 2010 are nearly identical to the statistics from 2009.

The number of homes sold from January through October was 16,891 – almost identical to the 16,932 homes sold in the same period of 2009. Average sale price so far this year is $160,671 compared to $161,623 last year.

“While we certainly would like to see a more lively housing market, we’re just pleased that year-to-date numbers are holding their own,” says CBR President Sue Lusk-Gleich.

Home sales are likely to grow in 2011, but not too quickly. According to the New York Federal Reserve Bank, household finances are improving, and major purchases will increase as well.

Freddie Mac reports that the average 30-year fixed mortgage rate in October 2010 was 4.23 percent – the lowest rate since the statistics were first recorded by Freddie Mac in 1971. Ten years ago, the rate was 7.8 percent; 20 years ago, it was 10.17 percent; 30 years ago, it was 13.79 percent. According to Lusk-Gleich, “The time to buy is now. Those of us in the real estate profession continue to talk about how perfect this market is for many buyers – especially for those purchasing their first home.”

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 at 267 Gregory Dr.



267 Gregory Dr. Newark



Not ready for a condo? Move right into this ranch home built in 1991 with main floor laundry and two full baths! Large living room, kitchen and dining area, plus lots of space on main floor. Sunroom, basement, and two car garage!

New roof was put on in 2009. 

To see more pictures, click here.

Directions: Mt. Vernon Rd./Route 13 to Gregory Dr. (N. of N. 21st and S. of Vernon) in Gregory Park in north Newark. 

Sell and Buy with CENTURY 21 Frank Frye!

Gail Shulko Earns Top October Agent

Gail Shulko

CENTURY 21 Frank Frye Real Estate has named REALTOR® Gail Shulko as its top Sales Associate of the Month for October. REALTOR® Beverly Vermillion was named Second Sales Associate, and REALTOR® Aaron Parks was named Third Sales Associate for October.

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.

C21 Frye 3rd Annual Halloween Party

CENTURY 21 Frank Frye 2010 Halloween Party! Top Row (left to right): Dee Keefe as Pioneer Woman, Mitch Fellows as Troy Polamalu, Linda McKee as Princess, Gail Shulko as Bird Lady, Jesse Ours as C21 Agent, Bev Vermillion as Skunk, Phil Frye as United Way Super Hero, Kim Thomson as Kayaker, Diana Petro as Cow, Frank Frye as The King. Bottom Row: Dakotah Staugh as Mouse and Aaron Parks as Frank Frye.

Sell & Buy with CENTURY 21 Frank Frye!

Balloon Release for Grandpa K

JOHN RICHARD "DICK" KASPAR, of Westerville, born May 21, 1931, passed away on October 27, 2010 at home. He was the son of Arthur W. and Marie (Doughty) Kaspar who preceded him in death. He is survived by wife Sue, daughters Amy M. Kaspar of Westerville, and Molly E. Frye and her husband, Phil, of Newark as well as his granddaughter, Grace Lily Frye. Dick is also survived by his sister, Mary L. Perry and her husband, Jack, of Walnut Creek CA, as well as 5 nieces and nephews, 18 great nieces and nephews, and 13 great-great nieces and nephews in CA. A member of Central College Presbyterian Church.

The family would like to thank Mt. Carmel Hospice for their care and support during Dick's illness. Graveside services will be held at 11:00 on Saturday, October 30, 2010 at Blendon Central Cemetery with Dr. Richard Ellsworth officiating. In lieu of flowers donations may be made, in Dick's memory, to Mt. Carmel Hospice or Westerville Senior Center. Arrangements by MORELAND FUNERAL HOME, Westerville.