While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 maintained the competitive housing market amid less than stellar stock market performance and rising interest rates while housing affordability dipped to a ten-year low.
There were 2760 homes and condos sold during the month of October, which is a 4.4 percent increase over the same month a year ago, although a decline of 2.4 percent from September. This is the highest number of sales on record for the month of October, according to the Columbus REALTORS® Multiple Listing Service.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a net leased Long John Silvers & A&W Restaurant property located at 2235 Needmore Road in Dayton, Ohio for $975,000. The two tenants occupy the property under a single lease.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased DaVita property located at 111 Tarhe Trail in Upper Sandusky, Ohio for $2,400,000.
Central Ohio housing inventory continued to increase during the month of July to 5,498, an 8.3 percent increase over June, although still down 14.1 percent from July 2016. This left central Ohio with a 2.0 months supply of inventory at the current sales pace, according to the Columbus REALTORS® Multiple Listing Service.
The city of Cincinnati has received an amended covenant not to sue for the MetroWest Commerce Park property under Ohio EPA’s Voluntary Action Program (VAP) after extending the area around the property where ground water use is restricted.
Home prices are setting records in central Ohio. The median sales price of a home for the month of June in central Ohio was $192,650 which is up 7.0 percent from last year. The median sales price of a home for the first half of the year is $179,900, which is 6.4 percent higher than the first six months of 2016 according to the Columbus REALTORS® Multiple Listing Service.
A plan to address cleanup at the former Kilgore Manufacturing Property, 400 N. Spring Road, Westerville, will be the focus of an Ohio EPA public meeting set for Mon., July 24, 2017
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Kmart property located at 10560 Harrison Avenue in Harrison, Ohio for $3,050,000
Columbus REALTORS® is proud to announce that both the Northwest Area Real Estate Association and the Delaware Knox Licking Morrow Suburban Realty Association were awarded REALTOR® Care Day Weiler grants in honor of their 2017 projects
Hamilton County Auditor Dusty Rhodes reports the market value of tax exempt property values has grown at a much faster rate than the value of taxable property in the county over the last quarter-century.
Columbus REALTORS® held its ninth annual Commercial Awards Banquet on Thursday, March 9, 2017, at The Grand Event Center at Grandview Yard. Nearly 200 commercial movers and shakers, supporters and leadership were on hand to applaud the outstanding accomplishments of our 2016 honorees.
CALMWATER CAPITAL PROVIDES ACQUISITION AND REDEVELOPMENT LOAN FOR PNC PLAZA BUILDING IN DOWNTOWN COLUMBUS
Calmwater Capital, a Los Angeles-based provider of commercial real estate debt, has originated a senior secured term loan to Edwards Companies for its acquisition and redevelopment of a 362,720-square-foot office building in Downtown Columbus, Ohio. The sponsor plans to redevelop the property, located at 155 E. Broad St., into a mixed-use property comprising residential, office and hotel space. More...
Central Ohio saw 2,473 homes go into contract during the month of January, up 24.5 percent from the previous month, and 4.4 percent higher than a year ago. There were 2,170 central Ohio homes and condos added to the market in January. Although this was 47.8 percent more than the previous month, it was 2.2 percent lower than January 2016, leaving the inventory at 4,329 according to the Columbus REALTORS Multiple Listing Service.
The number of distressed single family homes for sale in central Ohio during the fourth quarter of 2016 were down 57.4 percent and condos for sale fell 70.4 percent from the previous year
Central Ohio ended 2016 with the highest number of home sales and the highest home prices on record. 2016 also saw the lowest months supply and days on market, due to the lowest inventory levels on record for the Columbus REALTORS® Multiple Listing Service
Before the Ohio General Assembly adjourned its session last month it handed landlords a big win with the passage of legislation aimed at curbing harassment-for-profit by local fair housing organizations.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Valvoline property located at 1321 South Breiel Boulevard in Middletown, Ohio for $360,000.
Honeywell International has received a covenant not to sue under Ohio EPA’s Voluntary Action Program (VAP) after investigating and remediating the former Prestolite property
The number of lender-mediated properties for sale in central Ohio continued its sharp decline during Q3-2016 and ended the quarter at 6.8 percent of the total inventory of homes for sale in central Ohio