Home sales statistics for central Ohio in 2010 showed marked improvements compared to previous years according to the Columbus Board of REALTORS® (CBR). The average sale price of a home in 2010 was $158,893, just 0.6 percent lower than the average price of homes sold in 2009. However, the average price of homes sold in 2009 was 2.4 percent lower than 2008 which was 5.1 percent lower than 2007.
“Our market saw average sale price increases for eight of the 12 months of 2010,” says CBR’s 2011 President Rick Benjamin. “As we’ve experienced annual decreases in our average sale price since 2005, we see ending the year just half a point lower than 2009 as a positive for central Ohio homeowners.”
The 1,460 homes sold in December 2010 is just 0.3 percent lower than the number of homes sold in December of 2009. Annual 2010 home sales (19,676) finished 2.8 percent behind 2009 (20,235).
“There’s no question the home buyer tax credits had a significant affect on last year’s home sales,” adds Benjamin. “Providing home buyers with a substantial monetary incentive really helped to energize the market in the first half of 2010.”
“Homes in contract (which are expected to close in January or February) are up slightly from the previous year suggesting that home sales in the first of the year could be strong.”
Homes spent an average of 90 days on the market, a reduction of seven days from the average time to sell a home in 2009. In December 2010, the month's supply of homes was down to 9.93, the lowest since last June. Month's supply is the ratio of
inventory to sales which takes into account both supply and demand. A healthy market has a 6.5 to 7-month supply of homes, meaning if no new homes were added to the market, it would take about 6.5 or 7 months to sell all the available homes.
The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow, Pickaway and Union Counties and parts of Champaign, Clark, Fairfield, Hocking, Knox, Licking, Logan, Marion, Muskingham, Perry and Ross Counties.
Friday, January 21, 2011
Monday, January 10, 2011
Holman Joins CENTURY 21 Frank Frye
Holman and her husband reside in Newark. They have three children and five grandchildren. Holman is a member of Marne United Methodist Church.
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| Sharon Holman |
CENTURY 21 Frank Frye Real Estate is pleased to announce Sharon Holman has joined its firm as a REALTOR®.
“We’re extremely excited to have Sharon Holman as part of our real estate family,” said CENTURY 21 Frank Frye Real Estate General Manager Phil Frye.
Holman has been a licensed real estate agent for 18 years, and is a member of the Licking County Board of REALTORS®, Ohio Association of REALTORS®, National Association of REALTORS®, Columbus Multiple Listing Service, and the Multiple Listing Service of Licking County.
Holman and her husband reside in Newark. They have three children and five grandchildren. Holman is a member of Marne United Methodist Church.
Mitch Fellows Leads Top Agents in Dec.
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| Mitch Fellows |
CENTURY 21 Frank Frye Real Estate has named REALTOR® Mitch Fellows as its top Sales Associate of the Month for December. REALTOR® Beverly Vermillion was named Second Sales Associate, and REALTOR® Pam Long was named Third Sales Associate for December. 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.
Wednesday, December 8, 2010
Shirley Johnson Honored as Top Agent of November
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| Shirley Johnson |
CENTURY 21 Frank Frye Real Estate has named REALTOR® Shirley Johnson as its top Sales Associate of the Month for November. REALTOR® Cynthia Corder was named Second Sales Associate, and REALTOR® Mitch Fellows was named Third Sales Associate for November.
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.
Sell & Buy with www.Century21FrankFrye.com.
Tuesday, November 23, 2010
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.
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.
Friday, November 12, 2010
Open House Sun. 2-4 at 267 Gregory Dr.
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| 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!
Wednesday, November 10, 2010
Gail Shulko Earns Top October Agent
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| 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.
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