Archive for October 18th, 2007

The Home “Pricing Disconnect”

Thursday, October 18th, 2007

Pricing

A client used those words recently, “pricing disconnect.” I can’t tell you the context of the conversation.. confidentiality you know…

 

Yes there is a “disconnect” between the prices of homes on the market and the prices of homes that sell. In the graph above the green line is obviously what homes for sale are priced at. The red line is the price that homes sold for.

 

There is a disconnect.

 

The graph is for homes (single family and condominium) in Franklin and Delaware Counties. The chart shows the past 15 months ending September 2007.

 

If a seller priced their home based on the competition and the neighbors are not priced competitively (with what has sold very, very recently) … the new listing will have that same pricing disconnect …  Priced the same as the rest of the neighborhood which is not selling.

Sold/List Diff. % 97 97 96 97 96 96 96 96 96 97 97 97 97 97 96

Above is the frame fro the table of stats for the graph above with the difference between the sold price and the final list price (the list price the seller was at when they went under contract) for the past 15 months ( Full Table) Homes need to be priced within about 3 to 4% of the market value. Yes some buyers will make an offer on an overpriced listing and get it at a greater discount. That is probably true in all markets (sellers market, normal market, buyers market…

 

September 2007 homes in Central Ohio (Franklin and Delaware counties sold with in 96% of list price.

 

If a “seller” doesn’t need to sell and prices the house to reflect that, they will be with a large school of homeowners who while their home is on the market they really are not sellers.

 

Isn’t the September 2007 average sale price 81% of the average list price?

 

Real Living HER is the only brokerage in Central Ohio with TrendGraphix graphs….

Columbus - Top Ten US Haunted Houses

Thursday, October 18th, 2007

Dead Acres is in Pataskala Ohio… but from outside Columbus, Pataskala looks just like Columbus if you squint your eyes… in the dark. Dead Acres is very, very dark.

The Real Estate Bloggers is counting down the top ten haunted houses in America this year and wrote about Dead Acres on Wednesday.

Dead Acres in Columbus Ohio Number 9 of Top 10 Haunted Houses in America

Dead Acres - Haunted Hoochie is not for kids. Not for old people… not for scaredy cats.. of the video site the Real Estate Bloggers site says:

To get the flavor of Dead Acres you have to visit the website. The in your face sensory attack is their trademark with noise, fear, and panic dominating the exhibit. As the warning says May Not Be Suitable for Immature Audiences or Mature Audiences.

 

Ohio Fall Color

Thursday, October 18th, 2007

The second update this year Ohio DNR Fall Color Prediction of October 11, 2007 says:

“Ohio’s forests and fields continue to change color this week, with greens turning to yellow, and with rusts and golds appearing in most areas. Peak color is still two weeks away for most of the state – slightly later than originally predicted.”

leavesThere is a video there with Casey Munchel, a fall color expert.
Which trees produce what colors?

If you can’t make it down to Hocking Hills this year at least visit some of the Central Ohio Metro Parks. A fairly recent hike in Blendon Woods was fun. Not much color change yet but I learned a lot about trees on the walk and in the nature center. I have always considered myself pretty knowledgable about trees, I must have Druids in my ancestry but I learned some new things about trees in Ohio… trees like Buckeye trees,  Pin oaks, Red oaks, White oaks, Dogwoods, Sumacs, Ashes, Beeches, Hickory trees, Black walnuts, Cottonwoods, Sycamore trees, Red maples,  Sugar maples, Sweetgums and more….