Dublin: As of December 3rd, there are 721 single family and condominium properties for sale. The average list price for homes currently for sale is $398,220 with an average of 145 days on market for the active properties. There are 98 homes in contract or contingent status.
Home sales in the month of Oct. were up 25.6 percent from this time last year. The 2,021 sales last month represents the highest number of listings sold in the month of October since the housing boom in 2006.
At a time when sales traditionally start to taper off, central Ohio home sales are increasin. We know the first time home buyer tax credit has had an impact. But, the fact that we have a solid inventory of homes available at very affordable prices and interest rates are still at record lows has also strengthened our housing market.
The number of homes in contract (but not yet closed) is also up. The 1,539 homes in contract is 17.2 percent higher than last year at the same time suggesting that November home sales will also be strong.
The month's supply has dropped 30 percent from last year. Last year at this time, the month's supply was 9.82 meaning that if no new homes were added to the market, it would take almost ten months to sell all remaining inventory. Today, that number is down to 6.86. A market is typically considered balanced with around a 6.5 to 7 month's supply.
These numbers are a great sign of stabilization. Demand has picked up, inventory continues to decrease, and the month's supply is now very close to balanced.
The $8,000 tax credit for new homebuyers was renewed earlier this month and added to it was a $6,500 tax credit to benefit those homeowners who wish to purchase a new residence. This incentive will further bolster the central Ohio housing market.
Location Characteristics: Dublin was originally part of 2,000 acres of land given to Lieutenant James Holt by the US Government as payment for service in the Revolutionary War.
After several real estate transactions, John Sells and his family purchased 400 acres of land along the Scioto River in the early 1800s. This area was platted as a village in 1810. Little did he realize that his Village of Dublin would develop into one of the most progressive communities in Central Ohio. Today, the site of Sells' original purchase is known as Historic Dublin. Through well-managed growth, Dublin has preserved its historic past, while enriching the quality of life within the community. Early 19th century architecture and dry limestone fences bordering its roads add to Historic Dublin's heritage. Many of its original buildings are listed in the National Register of Historical Places.
In the 1970s, Dublin was transformed from a rural village into a suburban business center, due largely to the completion of the I-270 outerbelt and development of the Muirfield Village Golf Club and residential community. The quality of Dublin's commercial construction was established early with the development of Metro Center, the headquarters of Ashland Chemical Company and the Midwestern Volkswagen complex. With rapid business and residential growth, Dublin officially became a city in August 1987.
Profile of the Average Dubliner 36 to 45 years of age, married with minor children living at home, owns single-family home, employed full-time in a variety of professions, trades and service positions with 30 percent employed in healthcare and education fields
Park Land 38 parks on more than 1,000 acres
Economic Vitality Dublin is home to more than 3,000 businesses
Average Home Price (2005) $347,633
Income Tax Revenue
The city collected more than $57 million in income taxes in 2005, with approximately 90% of this revenue resulting from business activity in Dublin.
City Financial Ratings
Aaa from Moody's Investors Service and AAA from Fitch Ratings
2005-2009 Capital Improvements Program designates $107.1 million in funding for transportation, parks/recreation and utilities projects
Average Highs and Lows January 34 degrees/17 degrees July 85 degrees/61 degrees
Average Monthly Precipitation 3.14 inches
Average Yearly Precipitation 37.58 inches
Population Growth - City of Dublin
Year Population 1970 681 1980 3,855 1990 16,366 2000 31,392 2006 (projected) 38,909
Source: Mid Ohio Regional Planning Commission, City of Dublin, 2000 Census
About Roberta Kayne:
Roberta Kayne has been in the real estate business for over 6 years. Roberta is known for her honesty, integrity, empathy and understanding. Roberta has several guarantees which make her unique in the market:
All of My Services Are Backed Up By No-Risk Guarantees! No-Risk Guarantees: * Easy Exit Guarantee – You Can Fire Me At Any Time
* Communication Guarantee – I will return your call within 24 hours, or I’ll buy you dinner!
* If You Aren’t Satisfied With Your New Home In The First Year, I’ll Sell It For Free!*
* I’ll Find You a Home in Three Days – Guaranteed*
Testimonials:
"Roberta rocks! She saved me a ton of time and effort; responded quickly, with quality info; and is a classy and fun lady to do business with. I can’t recommend her highly enough! If you need a real estate agent and come across Roberta Kayne, you’d be an idiot not to snatch her up on the spot....". P. Hinrichsen, Dublin, OH
"Roberta, We will remember you as someone who went above and beyond the norm to help us out in a difficult situation. After languishing on the market for over two years (with another real estate company), you were able to take charge and close the deal in a few months! Even though we never met you in person, we will remember you when we think back over our years in Columbus. You are the first and only person we would recommend for real estate transactions in the Columbus.area. You did a great job for us in a market that was down and in an area where there was a lot of competition. Thanks ever so much!".... Jack & Ann Petro, Raleigh, North Carolina
For more testimonials go to www.RobertaKayne.com and click on Testimonials...
More about Roberta Kayne: CORE VALUES Honesty & Integrity at all times and in all situations. Continually improve my services to exceed our client’s expectations. Create and nurture a fun, exciting, creative and productive work environment. Tirelessly pursue personal & team growth while reaching well-formulated goals. Work with only the most enjoyable and motivated clients and co-workers.
PROFESSIONAL AWARDS & AFFILIATIONS Re/Max Presidents Club Re/Max Affiliates “Rising Star” Award HER Real Living Brass Award Member National Association of Realtors (NAR), Ohio Association of Realtors (OAR) & Columbus Board of Realtors (CBR) Member Greater Dublin, Hilliard & Powell Real Estate Associations Member Dublin Chamber of Commerce Member National Association of Women Business Owners (NAWBO) Member Women for Economic Leadership & Development (WELD) Member eWomenNetworking
PROFESSIONAL EDUCATION & DESIGNATIONS Certified Residential Specialist (CRS) (less than 4% of Realtors have this designation) Accredited Buyer Representative (ABR) Residential Relocation Specialist (RRS) Todd Bates Boot Camp & Master Your Marketing Curriculum & Coaching Richard Robbins Summit Graduate Hondros College Real Estate
BUSINESS EXPERIENCE Over 6 years in Residential Real Estate Over 20 years experience in Property Management of Hotels, Malls and Offices Seven Years as Co-Owner and Manager of Drain-It Plumbing, Houston, TX Extensive experience in Budgeting, Finance, Accounting and Human Resources
COMMUNITY INVOLVEMENT & PERSONAL INTERESTS Children’s Hospital Volunteer Member Dublin AM Rotary - Board of Directors – Communications Chair, Literacy Committee Dublin Chamber of Commerce Ambassador Emerald Ball Committee (Fundraiser for Dublin Foundation) Photographer - Published Photos of Snakes & Landscapes & Local Shows of Photographs Walking & Hiking Working on a Poetry/Photo Book – “Poetic Justice” to be published in 2009
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
