Cam Taylor-2019- Real Estate Market Report for Worthington

2019 REAL ESTATE MARKET REPORT For Worthington

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.

Being real estate agents and Worthington residents, we take special interest

into the day-to-day market activity happening throughout our neighborhoods.

Worthington’s steady increase in property values have been well documented

and garnered local and national media attention. However, we have observed that homeowners wish to understand what is happening in their specific

neighborhood. Included in this report is a summary of both sales activity and how each specific neighborhood has changed over the last calendar year.

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

Happy to help, Amy and Greg

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 2

NEIGHBORHOOD SUMMARY Neighborhood

Number of Sales

Average Days on Market

2018

2017

Change

2018

2017

Change

Colonial Hills

52

43

21%

10

21

-51%

Kilbourne Village

7

7

0%

6

25

-76%

Lakes of Worthington

20

15

33%

23

15

52%

Medick Estates

4

6

-33%

114

29

292%

Old Worthington/Keys Ln/Fox Ln

21

45

-53%

45

30

49%

Oldstone Crossing

9

4

125%

38

68

-43%

Olentangy Highlands

14

16

-13%

19

47

-59%

Olentangy Hills

13

14

-7%

23

21

11%

Potters Creek

5

7

-29%

42

48

-13%

Riverlea

7

13

-46%

19

45

-59%

Stilson Highlands

12

12

0%

19

41

-55%

The Sanctuary

4

8

-50%

45

109

-59%

Woods at Josephinum

18

2

800%

52

98

-47%

Worthington Estates

22

23

-4%

16

18

-12%

Worthington Estates East

25

20

25%

15

15

-1%

Worthington Hills

40

45

-11%

22

25

-14%

Worthingway/Greenbrier

12

15

-20%

21

12

84%

GRAND TOTAL

285

295

-3%

24

29

-18%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 3

Neighborhood

Average Price Per SqFt

Average Sales Price

2018

2017

Change

2018

2017

Change

Colonial Hills

$195

$193

1%

$251,921

$265,128

-5%

Kilbourne Village

$171

$187

-8%

$341,057

$317,121

8%

Lakes of Worthington

$145

$139

4%

$349,863

$383,559

-9%

Medick Estates

$256

$222

15%

$761,488

$552,758

38%

Old Worthington/Keys Ln/Fox Ln

$206

$202

2%

$390,776

$373,658

5%

Oldstone Crossing

$147

$138

7%

$485,144

$487,450

0%

Olentangy Highlands

$145

$146

-1%

$333,552

$366,670

-9%

Olentangy Hills

$153

$149

2%

$354,323

$359,543

-1%

Potters Creek

$160

$142

12%

$417,960

$441,671

-5%

Riverlea

$233

$200

16%

$496,429

$380,731

30%

Stilson Highlands

$141

$133

6%

$423,600

$389,700

9%

The Sanctuary

$126

$136

-7%

$351,875

$467,375

-25%

Woods at Josephinum

$149

$135

10%

$475,878

$385,000

24%

Worthington Estates

$164

$158

4%

$323,727

$299,705

8%

Worthington Estates East

$157

$150

5%

$310,646

$269,890

15%

Worthington Hills

$158

$147

8%

$367,807

$361,315

2%

Worthingway/Greenbrier

$172

$160

8%

$381,341

$380,771

0%

GRAND TOTAL

$169

$167

1%

$358,515

$352,012

2%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 4

COLONIAL HILLS

21%

INCREASE IN SALES

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

4

15

20

13

52

21%

Avg Days on Market

6

6

9

19

10

-51%

Avg PPSF

$181

$206

$191

$193

$195

1%

Avg Sale Price

$ 237,400

$253,530

$258,548

$244,338

$251,921

-5%

KILBOURNE VILL AGE

76%

AVERAGE DAYS ON MARKET DECREASE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

1

2

2

2

7

0%

Avg Days on Market

21

4

5

2

6

-76%

Avg PPSF

$182

$159

$165

$185

$171

-8%

Avg Sale Price

$378,000

$319,000

$330,500

$355,200

$341,057

8%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 5

L AKES OF WORTHINGTON

4%

INCREASE PRICE PER SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

3

7

4

6

20

33%

Avg Days on Market

18

10

22

41

23

52%

Avg PPSF

$132

$145

$145

$151

$145

4%

Avg Sale Price

$344,000

$390,329

$327,425

$320,542

$349,863

-9%

MEDICK ESTATES

$761K

AVERAGE SALES PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

0

1

2

1

4

-33%

Avg Days on Market

N/A

5

219

14

114

292%

Avg PPSF

N/A

$301

$211

$302

$256

15%

Avg Sale Price

N/A

$520,050

$894,950

$736,000

$761,488

38%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 6

OLD WORTHINGTON/KEYS LN/FOX LN

$206

AVERAGE PRICE PER SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

1

7

6

7

21

-53%

Avg Days on Market

158

33

8

71

45

49%

Avg PPSF

$177

$220

$214

$189

$206

2%

Avg Sale Price

$515,000

$377,961

$381,108

$394,130

$390,776

5%

OLDSTONE CROSSING

38

AVERAGE DAYS ON THE MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

2

3

1

3

9

125%

Avg Days on Market

20

3

37

87

38

-76%

Avg PPSF

$154

$139

$162

$144

$147

7%

Avg Sale Price

$444,500

$491,967

$527,000

$491,467

$485,144

0%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 7

OLENTANGY HIGHL ANDS

59%

AVERAGE DAYS ON MARKET DECREASE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

2

1

7

4

14

-13%

Avg Days on Market

12

5

18

29

19

-59%

Avg PPSF

$123

$155

$145

$153

$145

-1%

Avg Sale Price

$352,000

$430,000

$317,821

$327,744

$333,552

-9%

OLENTANGY HILLS

$354,323

AVERAGE SALES PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

4

4

2

3

13

-7%

Avg Days on Market

27

21

4

33

23

11%

Avg PPSF

$152

$161

$138

$152

$153

2%

Avg Sale Price

$364,050

$366,750

$318,000

$349,000

$354,323

-1%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 8

POTTERS CREEK

12%

AVERAGE PRICE PER SQUARE FOOT INCREASE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

0

2

2

1

5

-29%

Avg Days on Market

N/A

38

28

80

42

-13%

Avg PPSF

N/A

$140

$195

$129

$160

12%

Avg Sale Price

N/A

$458,600

$402,550

$367,500

$417,960

-5%

-5%

RIVERLEA

$496,429

AVERAGE SALES PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

0

3

2

2

7

-46%

Avg Days on Market

N/A

13

17

30

19

-59%

Avg PPSF

N/A

$227

$278

$197

$233

16%

Avg Sale Price

N/A

$503,333

$565,500

$417,000

$496,429

30%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 9

STILSON HIGHL ANDS

$141

AVERAGE PRICE PER SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

6

3

1

2

12

0%

Avg Days on Market

7

20

10

55

19

-55%

Avg PPSF

$142

$136

$164

$134

$141

6%

Avg Sale Price

$420,817

$451,133

$409,900

$397,500

$423,600

9%

THE SANCTUARY

45

AVERAGE DAYS ON THE MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

2

0

1

1

4

-50%

Avg Days on Market

86

N/A

3

4

45

-59%

Avg PPSF

$118

N/A

$146

$123

$126

-7%

Avg Sale Price

$376,750

N/A

$355,000

$299,000

$351,875

-25%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 10

WOODS AT JOSEPHINUM

800%

INCREASE IN SALES BETWEEN 2017 TO 2018

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

6

5

6

1

18

800%

Avg Days on Market

118

16

23

4

52

-47%

Avg PPSF

$146

$158

$141

$168

$149

10%

Avg Sale Price

$546,500

$430,400

$447,800

$448,000

$475,878

24%

WORTHINGTON ESTATES

$323,727

AVERAGE SALES PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

3

5

6

8

22

-4%

Avg Days on Market

15

14

7

26

16

-12%

Avg PPSF

$174

$167

$159

$162

$164

4%

Avg Sale Price

$333,333

$292,180

$342,667

$325,638

$323,727

8%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 11

WORTHINGTON ESTATES EAST

15

AVERAGE DAYS ON THE MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

2

5

12

6

25

25%

Avg Days on Market

39

3

13

19

15

-1%

Avg PPSF

$137

$163

$158

$157

$157

5%

Avg Sale Price

$279,450

$315,700

$317,583

$302,958

$310,646

15%

WORTHINGTON HILLS

$381,341

AVERAGE SALES PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

6

15

9

10

40

-11%

Avg Days on Market

15

22

20

26

22

-14%

Avg PPSF

$135

$158

$168

$164

$158

8%

Avg Sale Price

$338,500

$351,032

$368,656

$409,790

$367,807

2%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 12

WORTHINGWAY/GREENBRIER

$172

AVERAGE PRICE PER SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

2018

CHANGE FROM ‘17

# of Sales

2

4

4

2

12

-20%

Avg Days on Market

65

4

16

23

21

84%

Avg PPSF

$187

$184

$162

$153

$172

8%

Avg Sale Price

$532,450

$364,344

$358,953

$309,000

$381,341

0%

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 13

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 an 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 peakselling season is between March and July.

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 15

KEY REAL ESTATE DATES FOR

2019

DECEMBER 2018

NEW PROPERTY VALUATIONS RELEASED

BY COUNTY AUDITORS

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 FARM

JULY 31, 2019

PEAK BUYING/SELLING SEASON ENDS CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 17

We are proud to call Columbus home and proud to be the owners of Cam Taylor Realtors which has a rich history in the Columbus area since 1968.

ABOUT AMY AND GREG We are Local. We love Columbus and we love what we do. We are fortunate to have the ability to work with people every day whether they are moving to the Columbus area or relocating across the country.

When we have the opportunity to educate and guide people through their

home buying or home selling experience we do so with market insight, years of experience, and care. We know it is not just a house but a home.

We are always on. It is a not now‌ but right now business. Expectations are high,

as they should be. With the demands of an always evolving housing market we are there. We understand that the pace of real estate is different for everyone so we can help manage decision making and timing.

We have years and years of experience in all facets of real estate, from title,

property management, relocation, and sales. Combined we have over 20 plus years of experience and have surpassed the Columbus Board of Realtors 25 Million Dollar Club.

We give back and we believe in Community. In doing so, we are involved and/

or support service organizations within our community whether that is a pancake breakfast, band/sporting teams, food pantries or Rotary Clubs.

We are proud to call Columbus home and proud to be the owners of Cam Taylor Realtors which has a rich history in the Columbus area since 1968. We have a brokerage that is experienced, dedicated to our clients, and takes pride in our quality of service.

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 20

ABOUT CAMTAYLOR 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

first-time 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.

CAM TAYLOR ~ 2019 REAL ESTATE MARKET REPORT

*DATA SOURCE COURTESY OF COLUMBUS & CENTRAL OHIO MLS

PAGE 22

CONTACT US Greg Giessler 614-832-7679 greg@camtaylor.com

Amy Giessler 614-935-1882 amy@camtaylor.com