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Click on the graph at the left to open it up.  The light green bars are inventory, the dark green bars are sales.  The red line in the graph is pended (under contract homes.)

This graph and the table below are Delaware County homes (single family and consominium for the 15 months ending July 31, 2007.  There were less properties on the market in the end of July 2007 than there were at the end of June 2007.   The previous year the inventory went up slightly from June to July.

There was 9.7 months of inventory of homes available at the end of July, identical to a year earlier.  Months of homes available based on pended sales (in contract) is even worse (unless you are a buyer!)  It is still a buyers market overall in Delaware County.

Pricing is identical to a year ago, when you look at list price however average sale price is $287,00 this year, was $326,000 a year ago.  Average price per square foot is down about $8.

Days on market at the end of July was only up by a few days in 2007 over 2006.  

Homes are selling within 97% of list price, so they need to be priced to sell.

Median price is down $24,000. 

Community Profile  Franklin and Delaware County communities

Search for Homes - You  Search all homes on Real Living HER’s site, these are not all Real Living HER listings.  These are all Real Real Living HER’s current listings plus many from other local real estate companies. 

Let Me Help You Find Your Dream Home
 

The graph and table of Franklin County real estate sales and inventory are from Trendgraphix. Real Living is Central Ohio’s only subscriber to TrendGraphix.  The data is from the Columbus Board of REALTORS® MLS.  These statistics are single family and condominium properties only.

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Ohhhh she’s not in Central Ohio or I’d be asking this stager to guest blog on ColumbusBestBlog in a minute.  Painting oak cabinets… Rachel Backus is an authority and on Rachel’s Hudson Ohio blog MyStagedLife.com  gives an even higher authority… for painting oak.  Gee somehow “higher authority”   reminds me of a hot dog commercial…  back to staging.

“Oak is out!”  Rachel say it isn’t so?

What happens when maple goes out or cherry goes out?  Do we slap paint on those beautiful woods to get the house sold too? 

I had a house listed in Dayton Ohio, long, long ago built in the 20’s or 30’s where  my seller had bought the house from a member of the original family.  It had the original cabinets in the kitchen… My seller was widowed shortly after buying the home and was relocating to be closer to family.  An agent in my office sold the home in it’s original condition with original cabinets (which were painted)  and lots of great wood trim throughout the house to some fellas with great taste. 

I personally had relocated to Columbus a year or so later but I heard from an agent in Dayton who was listing the house and had some questions (the selling agent when I had the house listed had died…) sorry for the morbid details of people dying.  They do. 

Whenever I think about homes being updated for the latest rage in home decor or to get the house sold because the details of the original home have gone out of style I think of those cabinets and the toile wallpaper in the foyer of that home that had been there for longer than I have been alive and the preservationist in me screams “STOP the madness…”  

Then the real etate agent in me says “every home is not THAT home” there are lots of homes that are  not going to be original.  People update.  People make changes for their lifestyle or to sell.  Dark stained oak cabinets do date a home.      

I found Rachel’s entry on her blog via an entry on ActiveRain which she entitled “WOOD you tell a homeowner to paint the cabinets?”

Staging is getting a home to look it’s best for the sale of the home.  In a sellers market you can put your house on the market in some areas and the buyer is going to snap it up and paint the cabinets themselves if that is their taste.  Or not paint the cabinets themselves if they like them as is.  In a buyers market with lots of competition buyers just go look for a house where the seller has painted the cabinets or made upgrades that suit their taste. 

In a buyers market seller’s have to make moral decisions like things about painting oak.  Or painting brick? 

This graph matches the numbers in the table below.  Both represent sales and inventory (houses for sale) in Franklin County for the past 15 months.  The light green bars are inventory, the dark green bars are sales.  The red line in the graph is pended (under contract homes.) The statistics are through the end of July 2007.

Click on the bar graph and it will show you the detail:

1490 properties sold in the month of July.  665 more properties than in July 2006.

There are 8.6 months supply of homes on the market based on July home sales (closed) in Franklin County.  

Average list price was down $4.00 in 2007 over July 2006.

Average price per square foot was down by $3 from a year earlier for the homes that sold in the month of July 2007.

Homes sold within 97% of list price in July 2007, look across the table it is virtually unchanged.  Homes need to be priced to sell. 

Days on market is up four days from July 2006 at 95 days on market in July 2006. 

Median home price at the end of July 2007 is identical to July 2006. 

Community Profile  Franklin and Delaware County communities

Search for Homes - You  Search all homes on Real Living HER’s site, these are not all Real Living HER listings.  These are all Real Real Living HER’s current listings plus many from other local real estate companies. 

Let Me Help You Find Your Dream Home
 

The graph and table of Franklin County real estate sales and inventory are from Trendgraphix. Real Living is Central Ohio’s only subscriber to TrendGraphix.  The data is from the Columbus Board of REALTORS® MLS.  These statistics are single family and condominium properties only.