Big Walnut Schools Real Estate – February 2013

Big Walnut school district real estate through February 2013

Real estate in Big Walnut schools

The graph shows the real estate market for the past 15 months in the Big Walnut Local School District.   The graph shows average home prices for single family resale listings in the Columbus Board of REALTORS mls (multiple listing service.)   The red line shows the average sale price of a home for the past 15 months.  The average sale price in February was $224,000.  The green line shows the average “for sale” price of a single family resale home in Big Walnut schools.  The average “for sale” price was $448,000 in February 2013.

Compare real estate in Big Walnut schools to real estate in Delaware County, Ohio

Big Walnut real estate market February 2013

February 2013 home sales in Big Walnut schools were up 140% from February 2012 (12 homes sold vs. 5 homes a year ago.) The number of homes for sale in the school district is down 14.8% from last year.  The months of homes for sale is down just under 6 months based on February 2013 home sales and the reduced number of homes. Six months inventory is neither a buyer or sellers market, it is considered a balanced market. A year ago there were over 16 months of homes for sale.

The average “for sale” price of a home in the Big Walnut Local School District was $446,000 in February 2013.  The average “for sale” price of a home in the school district was down 3.3% from February 2012.  The February 2013 $224,000 average sold price of a home in Big Walnut schools is down 7.4% from February 2012 when the average sold price was $242,000.

The February 2013 median sale price of a home in Big Walnut schools was $200,000 down 5.7% from a year earlier when the median sale price of a single family home was $212,000.
Homes in the area sold within 92% of their final list price in the area and within 84% of their original price.   If sales continue to increase and it should and inventory continues to shrink, home prices in Big Walnut schools should rise as they are in other Delaware County, Ohio school districts.

Real estate in Big Walnut schools for sale by price range:

Galena

• Galena, Ohio homes for sale price from $200,000 to $300,000
  
• Galena, Ohio  homes for sale price from $300,000 to $400,000
• Galena, Ohio homes for sale price from $400,000 to $500,000

Sunbury

• Sunbury, Ohio homes for sale from $100,000 to $200,000
• Sunbury, Ohio  homes for sale from $200,000 to $300,000
• Sunbury, Ohio homes for sale from $300,000 to $400,000

The Galena and Sunbury home searches are on my HER Realtors website.  These are single family searches by zip code but will have new construction listings as well as resale listings.  Search virtually all homes on the Columbus Board of REALTORS mls (multiple listing service) via the search on my website.  Change home searches to match the home you are looking for.