Reported by Andrew Show, CEBA, ABR, ABRM, CSP, e-PRO
Updated November 9, 2009.
Current Market Rating: 1
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Current Price Trend: 3
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Powell Village Limits Comparing 2009 to 2008 September 30 YTD statistics
New Listings down 6.76%
Under Contract down 42.78%
Sold Homes down 27.27%
Average Sold Price 2009 = $296,539 down 9.41%
Percentage of sold price to list price: 2009 = 96.45% down 0.03%
The City of Powell was first settled around 1801 and was named Middlebury because the first settlers came from the Middlebury, Connecticut area. In 1857, Judge Thomas Powell was influential in establishing the first Powell Post Office, and the townspeople decided to rename the Village after him. Powell was incorporated as a municipality in February 1947.
Population growth within the City has been explosive over the past decade. Based on a current resident list, the City population is approximately 9,000. The population in 1990 was 2,154 and the population in 2000 was 6,000. Powell's population is family oriented and consists primarily of professional workers. Residents enjoy living in planned neighborhoods that are interconnected and have access to public facilities such as parks and bike paths.
The City Council adopted a Comprehensive Plan Update in December of 1995 aiming to preserve and enhance the character of the City through the implementation of six primary goals: establishment of an identity as a rural greenbelt town; redevelopment of the town center; establishment of an access management program; achievement of a balanced land use mix; creation of a small town economic development program; and provision of limited City services.
Public Education The Olentangy School system is the predominant educational provider with 9462 students in 8 elementary, 3 middle and two high schools.
Housing Demand is stronger under $250,000, but higher price points are soft.
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ZIP Code: 43235 Approximate Location Boundaries: The City is located near the intersection of scenic State Route 315 and State Route 750, with State Route 750 bisecting the City. Commercial passenger air service is available at Port Columbus International Airport, approximately 30 minutes away. The City’s strategic location in southern Delaware county has promoted its development as a semi-rural, suburban, greenbelt town. Residential developments, combined with open space preservation and minimized commercial and industrial development, has made Powell one of the premier residential communities within Central Ohio.
Location Characteristics: Powell continues to grow. Based on a current resident list, the City population is approximately 9,000. Powell's population is family oriented and consists primarily of professional workers. Residents enjoy living in planned neighborhoods that are interconnected and have access to public facilities such as parks and bikepaths.
About Andrew Show:
Our Exclusive Buyer's Agents get you the best home at the best price and terms without any conflicts of interest or double dipping, and at no additional cost! We always represent you, never sellers! Check out our free videos and e-BOOK on our website!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
