GREETINGS FROM REYNOLDSBURG -- There has been a 24.7% drop in closings. Average sale prices seem to be stablizing early in the year but now show a 9.9% decline in the first 7 months of the year compared to the same period in 2008.
For 2008 we saw a 16.6% drop in the number of closings compared to '07. Average sale prices showing a 6.8% decline.
A widening gap between the cost per sq ft in new builds and existing homes should favor a pickup in resale activity and firming of prices through 2009.
Buyers and sellers today will find both opportunities and difficulty in the marketplace today depending on the location and price range. Our current "move up" clients are taking advantage of this market. Although they may have to sell their present property for less than it would have sold for last year they are usually able to save substantially more than that on the new home they are buying.
Contact Dan Gregor direct at 614-548-0531 or 1-800-362-4918 or access to the most up-to-date information throughout Central Ohio. or, see our site at www.gregorteam.com.
ZIP Code: 43068 Approximate Location Boundaries: City Of Reynoldsburg including area in both Franklin and Licking Counties
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.
