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