November Home Sale Statistics
The market in Olde Towne East has slowed a little bit heading into the Fall and Winter months. Part of this is due to the rapid demand in the Southern Orchards area just South of Livingston. Also, the Franklin Park area continues to see rapid increase in home values directly to the East of OTE. Evidence is shown in the smaller number of Sold homes and the longer days on market for the area.
Canal Winchester was one of the hottest markets during October. As home prices continue to increase, Canal offers a solid average price range of $199k, which is perfect for a lot of first time home buyers. The 14 days on market average is proof that homes are moving faster there, than in other areas and that is because of the price point.
Gahanna continues to be a “hot” market as it has been for several years now. It’s in good company with Upper Arlington, Dublin, and Worthington. Three of the four areas mentioned (Gahanna, Upper Arlington, and Worthington) are all landlocked, which means the area can’t expand any further. This helps keeps new construction at a minimum compared to other areas like Westerville or Grove City, which in return keeps home values high because demand stays high.