Thursday, December 20, 2012

Central Ohio Housing News

According to the Central Ohio housing report released by the Columbus Board of Realtors, home sales are up by 30% in the month of November from the same time period a year ago.  Sale prices were up for the 10th straight month, and the percentages show an increase in the average sale price and median sale price for the year.

This is all great news for Central Ohio homeowners.  To see the full report, click on the link below.

Central Ohio Housing Report November 2012

To get in on the action and find out what your home is worth CLICK HERE.

Become a homeowner... What's for Sale?

Have a safe and happy end of the year!

Take care,
Scott Morrison

Tuesday, December 18, 2012

Gahanna Community Highlights

Students and staff members of Gahanna Lincoln High School gathered to release balloons honoring the victims of the unthinkable tragedy in Connecticut this past week.  Click the link below to see pictures and to read the full story.  


If you haven't taken the kids to visit Santa, this Saturday at the Ohio Herb Center in Gahanna is your last chance.  Santa pledged his time to the children of Gahanna for each saturday in December but must head back to the North Pole to rest up. 


Hopefully some snow will fall soon to add to the scenery down at Gahanna's Creekside development and the Winter Wonderland lights and decorations.  If you haven't been down yet, the City of Gahanna did a great job decorating Creekside to provide a wonderful attraction for kids and adults alike.  The lights will shine through the end of the year, so you still have time.  


Have a safe and happy end of the year!

Take care, 
Scott Morrison

Thursday, December 13, 2012

This Month in Real Estate

From KWRI:



For more targeted real estate statistics in your neighborhood, contact me through email.  I'd be happy to put together a comparative market analysis for your home or help you analyze the area to find the perfect place to purchase.  Search here for a house for sale in Gahanna and be sure to read my previous post about home sales in Gahanna.

Take care,
Scott Morrison

Sunday, December 9, 2012

FAQ: What's My Payment?

When purchasing a home, most people (especially first-time buyers) are dealing with numbers that they never had imagined up to this point in their lives.  Looking at a price tag of $100,000 or $200,000 is almost demoralizing if you do not understand the concept of a mortgage/ payments/ rates etc...

For my listing on Royal Tern Crossing, I asked Jon Sadler of Bank of America to put the form you see below together to give a prospective buyer a better idea of what the price tag really meant to them.

Click the image to enlarge

Seeing $113,900 (the price has been reduced since the production of the flyer!!!) is not what most buyers want to see most in the end.  What a buyer should be looking at, among other things, is the monthly payment.  $113,900 is spread over 30 years, it is the monthly payment that is often the best gauge of what you can afford and what you cannot afford.  (note:  there is far more than a monthly payment to a mortgage... monthly payment just offers more familiarity to most buyers that I cross paths with)

To a seller, every penny makes a difference because it is the price they are getting out of the home.  To a buyer, the most important things are the rates they can get that contribute to the monthly payment.  $1000 to a seller is $1000, whereas $1000 to a buyer may only be $10 or so a month (obviously this number is dependent on the price of the home).

So as you, the buyer, look for houses for sale... don't let a couple thousand on the price tag make your decision for you.  Use the pre-approval process to determine your top dollar, and then find yourself a house you love and let your agent negotiate on your behalf to get you the best deal.

Take care,
Scott Morrison

Click here to search for a house for sale in Gahanna Ohio

Thursday, December 6, 2012

LISTING OPEN HOUSE

I will be holding my listing at 6299 Royal Tern Crossing open this Sunday (December 9) from 2-4pm.

Whether you are a neighbor, friend, or potential buyer I'd like to invite you to stop by.  The condo is located in the Gahanna & New Albany area just off of Morse Rd.  It is close to Easton, Stoneridge, downtown, and the Columbus Airport.  For full details on the property click here.


See you on Sunday!!

Take care,
Scott Morrison

Click here to search for additional houses for sale in Gahanna Ohio

Saturday, December 1, 2012

Gahanna Housing Statistics YTD

So I was curious this morning about home sales in Gahanna.  As I read my twitter feed I see all sorts of news about the housing market.  Some reports have the market coming back, some had it back awhile ago, and others are still predicting it to come back way further down the road.  This is extremely relevant because one of the top questions a Realtor receives is whether or not it is the right time to list a home.

As I have reported previously in my Central Ohio Housing Report posts, statistics report positive news for Central Ohio.  As for Gahanna, I went ahead and did a very simple search on the MLS to focus a bit more on the community.  I looked for houses for sale in Gahanna that closed during this calendar year (Jan 1, 12 - Dec 1, 12).  I actually used Gahanna-Jefferson schools as the search ingredient, so these results are any home that has closed in the Gahanna-Jefferson School District this year...

The results show 439 closings on single family homes in Gahanna.  With that volume of numbers I didn't dig further into the average sales price or number of days on the market, but I'd be more than happy to dispense more specific information to anyone that requests information relevant to them (email me).

A few other tidbits about Gahanna homes...

There are 191 homes actively listed in Gahanna at this time.

Additionally, 103 homes are either contingent upon a factor in the deal or under contract ready to close.

Again, all of these stats are very surface-level and are not being compared to previous years or really any other criteria.  I just wanted to share what I found as a result of my own curiosity.

If you are looking to buy or sell a house, or know someone that would like to, I'd be grateful for the opportunity help you become part of the statistics for the next closed-sale report that I publish.

Take care,
Scott Morrison