Cam Taylor-2019 -Report for German Village, Merion Village, Schumacher Place, and Brewery District

2019 REAL ESTATE MARKET REPORT FOR GERMAN VILLAGE, MERION VILLAGE, SCHUMACHER PLACE, AND BREWERY DISTRICT

BY SETH JANITZKI

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.

Specializing in helping families relocate to and from Central Ohio, I take special interest in the day-to-day market activity happening throughout the North Arc neighborhoods. As Central Ohio’s northern communities continue to collect accolades for quality of life and highly accredited school districts, I have observed homeowners wish to understand what is happening in their specific community and how it compares to neighboring districts. Included in this report is a summary of both sales activity for specific price points along with data for each school district, showcasing how the market has changed over the past year.

Looking forward to watching how our communities continue to evolve in 2019!

Happy to help,

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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2018

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

4

51

$236

$188,225

German Village

4

15

$209

$168,250

Merion Village

40

26

$133

$155,827

Schumacher Place

3

24

$228

$191,600

GRAND TOTAL

51

27

$153

$161,447

~ PRICE SEGMENT $200K-$300K ~ Neighborhood

Number of Sales

Average Days on Market

Average Price Per Square Foot

Average Sales Price

Brewery District

18

62

$230

$256,150

German Village

18

20

$247

$264,744

Merion Village

71

22

$194

$246,055

Schumacher Place

15

19

$208

$256,590

GRAND TOTAL

122

27

$209

$251,597

~ PRICE SEGMENT $300K-$500K ~ Neighborhood

Number of Sales

Average Days on Market

Average Price Per Square Foot

Average Sales Price

Brewery District

7

46

$219

$352,129

German Village

47

58

$271

$384,009

Merion Village

50

24

$222

$362,872

Schumacher Place

24

55

$240

$378,346

GRAND TOTAL

128

43

$244

$372,947

~ PRICE SEGMENT $500K-$750K ~ Neighborhood

Number of Sales

Average Days on Market

Average Price Per Square Foot

Average Sales Price

German Village

24

72

$280

$601,613

Merion Village

5

84

$298

$570,000

Schumacher Place

3

4

$254

$602,500

GRAND TOTAL

32

68

$281

$596,756

~ PRICE SEGMENT $750K-$1M ~ Neighborhood

Number of Sales

Average Days on Market

Average Price Per Square Foot

Average Sales Price

German Village

10

93

$333

$858,050

Schumacher Place

1

50

$224

$769,000

GRAND TOTAL

11

89

$324

$849,955

~ PRICE SEGMENT $1M-$2M ~ Neighborhood

Number of Sales

Average Days on Market

Average Price Per Square Foot

Average Sales Price

German Village

7

61

$397

$1,356,243

GRAND TOTAL

7

61

$397

$1,356,243

~ PRICE SEGMENT $2M+ ~ Neighborhood

Number of Sales

Average Days on Market

Average Price Per Square Foot

Average Sales Price

German Village

1

919

$395

$2,150,000

GRAND TOTAL

1

919

$395

$2,150,000

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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GERMAN VILLAGE

AVERAGE SALE PRICE

$563,277 FOR SINGLE FAMILY FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

18

36

28

13

95

7%

Avg Days on Market

122

53

52

40

64

-10%

Avg PPSF

$301

$276

$281

$320

$288

5%

Avg Sale Price

$589,800

$568,625

$499,907

$648,231

$563,277

6%

FROM ‘17

~ CONDOS/ATTACHED UNIT ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

2

5

6

3

16

-33%

Avg Days on Market

79

9

27

226

65

-24%

Avg PPSF

$217

$244

$233

$270

$241

9%

Avg Sale Price

$267,500

$329,650

$263,875

$290,633

$289,900

-11%

FROM ‘17

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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SCHUMACHER PLACE

AVERAGE PRICE PER SQUARE FT.

$230 FOR SINGLE FAMILY FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ CHANGE

# of Sales

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

Avg Days on Market

7

16

6

10

39

-11%

Avg PPSF

47

52

32

29

42

17%

Avg Sale Price

$216

$233

$227

$237

$230

6%

$330,500

$359,050

$350,650

$377,970

$357,485

8%

FROM ‘17

~ CONDOS/ATTACHED UNIT ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

0

2

2

3

7

75%

Avg Days on Market

N/A

24

20

1

13

-56.7%

Avg PPSF

N/A

$210

$211

$256

$220

10.5%

Avg Sale Price

N/A

$275,000

$226,926

$378,233

$305,507

13.2%

FROM ‘17

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

PAGE 8

MERION VILLAGE

AVERAGE NUMBER OF

DAYS ON THE MARKET

27 DAYS FOR SINGLE FAMILY FREESTANDING HOMES ~ SINGLE FAMILY FREESTANDING HOMES ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

36

48

42

26

152

4%

Avg Days on Market

47

17

20

28

27

22%

Avg PPSF

$174

$196

$209

$187

$193

1%

Avg Sale Price

$253,968

$279,704

$285,798

$261,182

$272,124

-4%

FROM ‘17

~ CONDOS/ATTACHED UNIT ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

7

5

0

2

14

-6.7%

Avg Days on Market

14

3

N/A

9

10

-83.6%

Avg PPSF

$153

$193

N/A

$191

$173

2.1%

Avg Sale Price

$231,200

$262,480

N/A

$201,450

$238,121

14.8%

FROM ‘17

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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BREWERY DISTRICT

AVERAGE SALE PRICE

$268,744 FOR CONDOS/ATTACHED UNITS ~ SINGLE FAMILY FREESTANDING HOMES ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

2

2

0

0

4

N/A

Avg Days on Market

31

251

0

0

141

N/A

Avg PPSF

$160,000

$328,450

$0

$0

$244,225

N/A

Avg Sale Price

$79.15

$167.81

$0.00

$0.00

$123.48

N/A

FROM ‘17

~ CONDOS/ATTACHED UNIT ~ CHANGE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

# of Sales

6

10

6

5

27

-49.1%

Avg Days on Market

106

43

17

30

49

52.7%

Avg PPSF

$219

$242

$225

$237

$233

-1.1%

Avg Sale Price

$267,983

$259,390

$249,050

$312,000

$268,744

3.8%

FROM ‘17

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

PAGE 12

LOOKING FORWARD INTO 2019 2018 was a good year for the local real estate market and economy. As we transition further into 2019, keep an eye on the turbulent political climate, jostling interest rates, and peak market timing.

With national partisan tension causing a rocky road on Wall Street, we will see similar volatility in the real estate market, especially the upper middle and luxury price points.

Once this subsides, these price points should get back on track from the previous two years.

As the stock market fluctuates, The Fed may refrain from raising interest rates to keep the national economy stable. Locally, this will help retain the seller’s market in the entry level through mid level price points. The luxury price point will remain in flux with the stock market and will likely move between equilibrium and a buyer’s market.

For buyers, look for the local real estate market to enter into an Opportunity Market this year. This is a market where sellers in the upper middle to luxury price points become more negotiable. At the same time, entry level to middle price points remain a seller’s market. If you are looking to move up in size and price point, this is the best kind of market to do so. Higher-end sellers are more likely to accept existing home sale contingency where buyers can directly transfer equity from their current home toward the down payment on their purchase.

For sellers, timing and overall condition of your home will play a much more important role. With higher interest rates and less job growth predicted for this year, there would be fewer potential buyers. It will still be a seller’s market for most price points, but just not as extreme as years past. If you know you need to sell soon, but can be flexible on the exact timing, list your home according to the micro area peak-selling season to ensure the highest and quickest sale possible. For most local markets, the peak-selling season is between March and July.

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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Key Real Estate Dates for

2019

DECEMBER 2018 NEW PROPERTY VALUATIONS RELEASED

BY COUNTY AUDITOR

JANUARY 22, 2019 FRANKLIN COUNTY FIRST-HALF 2018 REAL ESTATE TAXES DUE

MARCH 1, 2019 PEAK BUYING/SELLING SEASON BEGINS

JUNE 20, 2019 FRANKLIN COUNTY SECOND-HALF 2018 REAL ESTATE TAXES DUE

JULY 13 - 28, 2019 BIA PARADE OF HOMES EVANS FARMS

JULY 31, 2019 PEAK BUYING/SELLING SEASON ENDS

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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1

2

3

5

4

6

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SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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.

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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ABOUT CAM TAYLOR REALTORS 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 firsttime 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.

SETH JANITZKI ~ 2019 REAL ESTATE MARKET REPORT *DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS ON 1/1/2019

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CONTACT SETH (614) 980-7181 SETH@CAMTAYLOR.COM