The real estate market in the Pataskala area is starting to show signs of stablizing. Through the first 10 months of '09 we're seeing just a 3.8% decline in the number of closings compared to last year, but average sale prices continued down. Down 7.8%.
In 2008 we saw average sale prices continuing to decline, down 8% compared to '07. Closing activity (the number of homes actually sold) was down substantially, off 19.5% from 2007.
Buyers and sellers today will find both opportunities and difficulty in the marketplace today depending on the location and price range. Sellers that have owned their property 5 or more years are in the best position to make a move and benefit from today's great rates wich are back around 5% on a 30 year fixed mortgage.
Contact our team at 614-548-0500 or 1-800-362-4918 today for access to the most up-to-date information throughout Central Ohio. Or vist us online at www.gregorteam.com.
ZIP Code: 43062 Approximate Location Boundaries: The Southwest quadrant of Licking County
About Dan Gregor:
The 10 member Gregor Team at Prudential American Realty Center offers the homebuyer and homeseller a team of specialists knowledgable in all phases of residential real estate. We offer the services of 2 buyer specialists, 2 listing/marketing specialists, a fine homes specialist, a new homes specialist and the services of a condominium specialist. Plus, access to our lender, title, inspectors and all the additional resources of Prudential locally and nationally.
Our team also offers exclusive services like a guaranteed sale/trade-in program for your present home and the free use of our moving van for local moves. The Gregor Team also uses Prudential's Value Range Marketing (PVRM) which generates substantially more showings and offers on our seller's homes and Prudential's Yahoo Connection provides buyers fast access to all the details on our listed properties and detailed daily activity reports to our sellers showing internet inquiries on their home. Visit our newest site www.OhioHomeValues.com to get your home's value, to search MLS or to request free real estate information.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
