Thursday, February 9, 2017

What is holding home buyers back?

Are real or imaginary barriers keeping you from becoming a home owner?

Home ownership is a part of the American Dream, and we want to help you achieve 
your goals of home ownership and helping you move to the next adventure by moving 
to a home and community that meets your needs as your life changes throughout the 
years. Call us anytime, we want to help you plan for your goals.
So here are some industry facts about why non-homeowners are hesitant even when 
the National Association of Realtors (NAR) confirms that the American Dream includes 
home ownership from a report that shows over 90 percent of homeowners and roughly 
eight out of 10 non-homeowners each quarter say owning a home is important to them.
Despite these positive feelings of home ownership, optimism about it being a good time 
to buy diminished among non-owners over the 2016 year. The percentage who believed 
it was a good time to buy declined. We think it may be a lack of information holding 
people back from entering the home buying market.
There are financial reasons holding people back, one reason sited for the tendency to 
not enter the housing market by Lawrence Yun, NAR chief economist, is the desire to 
own a home and the ability to do so are not on the same wavelengths for many 
households. "Nearly all non-homeowners said they want to own a home in the future 
(87 percent), but it's evident that higher rents and home prices — up 41 percent in the 
past five years — along with limited entry-level supply and repaying student debt have 
combined to make buying a challenging goal," he said. jAnother reason cited from NAR's 
analysis that carrying student debt is causing many non-owners to delay purchasing a 
home. "In addition to having to postpone important milestones such as getting married 
and starting a family, many young adults are financially falling behind previous generations 
in part because of having to prioritize repaying their sizeable student loans over buying a 
home and saving for retirement," said Yun.  

Affordability?

Being unable to afford to buy a home was the number one reason non-owners cited as to 
why they don't own. Over half of non-owners indicated they could not afford to buy, 
while roughly one-fifth said they needed the flexibility of renting. But is this true?  And, 
even so, you plan so many things, so why aren't you planning for your first home, or to 
make your move?  We are always happy to meet with you to determine what you 
need and connect you with lending professionals that can help create a plan for 
you to reach your real estate goals. Whether your plan takes a few months, or a 
few years, we truly are always happy to be working with you to stay on track, and 
help make your goals your reality.

Confusion about down payments and other costs with a mortgage?  

Apparent confusion about down payment requirements may also be behind non-owners'
 lagging confidence about buying. NAR's Profile of Home Buyers and Sellers has shown 
that the median down payment for first-time buyers has been 6% for three straight years 
and 14% for repeat buyers in three of the past four years. And, programs like FHA offer 
down payments as low as 3.5%, and affordable loan option programs available in our 
market, many offered by OHFA, can even help with your dream of home ownership. 
However, when asked about the amount of a down payment needed to purchase a home, 
a remarkable 87% of non-owners indicated that a down payment of 10% or more is 
necessary. So the ultimate goal of owning a home may not be as far-fetched as 
many believe. 
If you are interested in buying your first home in 2017, contact us! We love to sit down 
and review the buying process, and connect your with trusted partners we work (lenders, 
attorneys, home inspectors) so you can also review your finances, sit down with a lender 
to determine what your mortgage options are, or what plan you need to follow to qualify 
for a mortgage you need, then it won't be long before we can get started on your 
home search.
My promise to my clients: I try to always remember what it is like to walk into this incredibly complex world of buying and selling with little or no knowledge of how 
the process works. I know that behind the door of your home and in your life there 
is much more going on than just your real estate transaction. I work with each 
person, not the house, and with the whole person, not just the issues surrounding 
the transaction. When I attempt to put myself in your shoes and contemplate what 
you are dealing with  I am most effective.
The Benadum Team

Amy Bumpus
Straight Talk & Finding Solutions

614-657-2005
talk or text




Monday, February 6, 2017

Housing Market & Policy Update/Early February 2017

Housing Market Update/Early February 2017

Home sales have hit a 10 year high (5.45 million existing home units sold in 2016, a quarter-million more than in 2015), and we are looking forward to working to help keep our real estate market strong and thriving. NAR Chief Economist Lawrence Yun says to keep our housing market strong we need to see more inventory from existing and new construction home sales. Interest rates in 2017 are still great, so contact us if you are thinking of selling your home, and/or buying a home.

The National Association of Realtors (NAR) works hard to help shape policy to help provide the best home buying and selling market conditions a reality.  NAR is calling on FHA to take more steps to help home buyers, including eliminating FHA’s “life of loan” mortgage insurance requirement, which forces borrowers to maintain mortgage insurance regardless of their equity position. Borrowers with traditional mortgage insurance can typically extinguish their mortgage insurance once they reach 20 percent equity in the property. 

There is an area where you may want to participate by contacting the current administration at The White House and ask that they drop the suspension of the FHA MIP rollback that NAR had supported, and is now working aggressively to have this MIP decrease put back on the books. 
The last administration had approved reducing the FHA mortgage insurance premium by 25 basis points to allow more Americans to reach their dreams of home ownership, and HUD felt it was a conservative measure to help support home buyers on the path to the American Dream.  The new premium schedule was to take effect on January 27th, 2017 and was expected to save the average home buyer about $500 a year in insurance costs. NAR estimates that approximately 30,000-40,000 borrowers would have been able to access FHA financing under the reduced premium. But the current administration suspended this rollback on January 20th before it took effect. NAR supported the reduction when this was announced “After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families,” Julian Castro, secretary of the U.S. Department of Housing and Urban Development. NAR President Bill Brown praised the move. “Dropping mortgage insurance premiums will mean a lot more responsible borrowers are eligible to purchase a home through FHA,” he said. “That puts more money in the fund to protect taxpayers, and it puts more families in homes so they can live out the American dream.”  

I've sent my request to the White House, asking them to please help keep America Moving on the path to home ownership, and will keep you updated on the market conditions and policy that will be shaping our 2017 housing market.

Please don't hesitate to contact us anytime for help with your real estate needs. The Benadum & Bumpus Team is committed to helping you reach your real estate goals. We love helping you buy and sell homes to help improve the quality of your life.  This requires a variety of solutions to take your dreams from goals to plans to complete. We stay on top of trends and programs to help ensure you have the most information available to make the best decisions. Please consider referring us to your family and friends.



Sunday, February 5, 2017

The Welcome Home Program is Back!

Please share this to your friends & family that are interested in purchasing a home.


The Benadum & Bumpus Team is committed to helping you reach your real estate goals. We love helping you buy and sell homes to help improve the quality of your life.  This requires a variety of solutions to take your dreams from goals to plans to complete. We stay on top of trends and programs to help ensure you have the most information available to make the best decisions.  The Welcome Home Program has been a benefit to many of our clients over the years, and we are happy to announce it is available again for 2017, but funds are limited so contact us asap so we can help connect you to a lender.

What is this program?
The Welcome Home Program offers grants to help fund down payments and closing costs incurred with the purchasing of existing homes or construction of owner-occupied housing by low- and moderate-income homebuyers. Welcome Home funds will be available for reservation on a first-come, first-served basis beginning at 8:00 AM ET on March 1, 2017, and will remain available until all funds have been reserved. 
Here are a few of the details: 


-      Up to $5,000 per household available within household income limits of  $56,800 / 1-2 person family & $65,320 for a family of 3 + (Franklin & surrounding counties)
-      Homebuyers much contribute at least $500 of their own funds toward down payment and closing costs.
-      Program is not limited to 1st time homebuyers
-      Funds are offered on a “first come, first served” basis.
-      Can be used in conjunction with other grant programs
-      Not intended for purchase requiring significant repair or rehabilitation.
-      Funds may not be used to pay off consumer debt, judgments, buy down the mortgage rate.

-      Grants subject to retention agreements – 5 years.

Contact me and I'll help connect you to one of the select lenders that is participating in this program. If you are interested in this program, we need to be working on your approval and home search now, to make sure we have a home in-contract so you can reserve your funds.

If this program isn't a fit for you, there are other affordable loan option programs that The Ohio Housing Finance Agency (OHFA) offers to help you achieve your dream of home ownership. Here is a list of some of the options a qualified lender can help you review: Your Choice! Down Payment Assistance, Ohio Heroes, Grands for Grads, Mortgage Ta Credit, Target Area Loan, FHA Home Rehabilitation Streamlined 203(k) Loan, FHA Weatherization, and Next Home.

Again...contact me and I'll help connect you to a lender that can help you review your options so that we can work together to make your dream of home ownership a reality.




Sunday, October 9, 2016

Fall Family Fun!

Looking for fun in October in Central Ohio? As a real estate agent I get to see the best of many communities.  So, I've put together a handy list of farms to check out for a variety of activities, click the links for details on pricing and directions.

Delaware Area

Lehner's is one of the larger farms with over 30 activities!
740-595-3207
Sept. 24th-Oct. 30th 2016: Mon-Fr: 5:00pm-7:30pm/Sat and Sun: 10:00am-7:30pm
Fri. October 14 (COTA Day)- 10:00am-7:30pm

Lehner's Pumpkin Farm

Miller's Country Gardens has a variety of activities, but check their website for what is happening.
740-363-5021
Open Wednesday-Saturday 9am-to-7pm; Sunday noon to 5pm
CLOSED Monday & Tuesday
Fall at Miller's Country Gardens

Galena/Westerville/Sunbury Areas

Freeman's Farm is open weekends through October 30th with a variety of activities on different weekends from hayrides to animals to pet to scarecrow making to apple butter demonstrations.
740-548-7866
Saturdays 10am - 5pm and Sundays 11am - 5pm —Weather Permitting
Freeman's Farm

Hidden Creek Farms has fall activities like a hayrides, a straw maze, visiting farm animals, and a pumpkin patch.
740-815-9371
Open weekends 10am-6pm through October 30th
Hidden Creek Farms Fall Activities

Grove City

Circle S Farms has hayrides, fall foods, a fun barn, petting zoo, corn & sunflower mazes, and a bale cave. See their website for group options on weekdays.
614-878-7980
Open through October 31st 9am-7pm daily (but call for weekdays about the group option).
Circle S Fams Fall Fundays!


Ostrander

Leeds Farm has a varitey of activies including a Hayride, Big Zip and lots of animals to visit. Amazing selection of blue pumpkins, fairytale pumpkins, exotic shapes of gourds and more.
740-666-2020
Weekends only through October 30th 10am- - 5pm
Leed's Farm Family Fall Fun


Pataskala


Lynd's Fruit Farm has a market open daily and U-Pick apples and pumkins, a corn maze (740-404-9967 for info), and a new Market.
740-927-8559
Lynd Fruit Farm


Plain City

The Orchard and Company has family fun with U-Pick apples, wagon rides, a corn pit, hay barn, tire climb & more. There is a market and Pigadeli Cafe too.
614-873-0510 call before visiting for more info.
Open Saturdays & Sundays through October 30th 11 am - 6 pm
The Orchard and Company

Jacquemin Farms has Pick Your Own Pumpkins, a play area, straw maze, grain boxes, and hayrides.
614-873-5725
October Hours: Monday - Saturday 10 am - 6  pm and Sunday 1 pm - 6 pm
Jacquemin Farms Fall Field Days

Just a short drive...

Ashland

Honey Haven Farm has horse drawn wagon rides, pick your own pumpkins, straw maze/corn maze, barnyard zoo, a market and a craft show.  See their calendar of events on the website.
419-289-3384
Open through October 30th weekends:
Friday, 3 pm – 7 pm/Saturday, 10 am – 7 pm/Sunday, Noon – 6 pm
Honey Have Farm Fall Festival

Clarksville

Bonny Brook Farms has a variety of activities with a Farm Kitchen Cafe, Horseshoe Hill Tunnel, Farm Friendly Animals, Play Area, Adventure Wagon Ride, CrAzEd CoRn MAzE, Giant Slingshot, Clodhopper Golf & Archery, Pumpkin Chuckin' the weekend of 10/29 & 30, The Great Pumpkin Run on the 29th, & more..check their website.
937-289-2500
Open through October 30th Saturdays & Sundays noon - 6 pm
Bonny Brook Farms Fall Farm Days

Hebron

Pigeon Roost Farms with tractor pulled wagon rides, face painting, farm animals, and food concessions.
(740) 928-4925
Open daily fir picking pumpkins through October 31st 10 am - 7 pm (some activities weekends only)
Pigeon Roost Farms Pumpkinfest

Wooster


Ramsey Farms has mazes and activities through October...all kinds of pumpkins and gourds...and potatoes....obstacle courses, mazes and more. Known as The Maze Place, there are variety of options....see the website.
330-264-0264
Open Weekdays Tuesday - Friday 3pm to 7pm
Saturday 11am to 7pm and Sunday 1pm to 6pm
Ramseyer Farms, The Maze Place

Environmentally focussed activities around Ohio.....

Ohio Ecological Food and Farm Association
http://www.oeffa.org

Wednesday, September 28, 2016

Strong for Fall 2016

As we head into fall the Central Ohio Housing Market is remaining strong.

During the month of August, central Ohio homes and condos spent an average of 34 days on the market, which is 29.2 percent (14 days) shorter than last year and just 1 day longer than July.


Central Ohio homes and condos show a 4.8% increase over the previous August, this was the highest number of closed sales for the month of August ever recorded and the second highest month for 2016.  The average sales price of a home in Central Ohio was $204,629, which is a 3.3% increase over August 2015. Stats obtained from the Columbus REALTORS® Multiple Listing Service.

And the experts comments below are optimistic, not predicting any signs of a housing meltdown.... but that we should see the momentum continue....

Lawrence Yun, Chief Economist at NAR:

“In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007.”

Jonathan Smoke, Chief Economist at realtor.com:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

Andrea Riquier, MarketWatch housing reporter:

“I'm calling the end of the housing “recovery.” On to ‘expansion.’”

Freddie Mac:

“Despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.”

Steven Russolillo, Wall Street Journal housing reporter:

“A recent gauge of home builder sentiment held firmly in positive territory, according to the National Association of Home Builders. Perhaps more important, expectations for sales in the next six months jumped to the highest level of the year.”

Fannie Mae:

“Our latest housing tracker shows that the first quarter of 2016 was the second fastest first quarter pace of home sales in the past decade... Home sales typically rise in the spring and summer months, and we anticipate an acceleration in home sales that will surpass 2007's pace by late summer.”

Thursday, April 17, 2014

HECM for Purchase...do you know about this loan?

I really enjoy continuing education.  I just love to learn, and I get especially excited to learn information that will allow me to better help my clients.  Thank you to Ann Marie Harrison of Security 1 Lending and Julie Falvo & Terri Greiner of Epcon Communities for sponsoring the class on the HECM for Purchase loan, an FHA insured loan program for those 62+.

I have always had concerns for senior loan products, because it seems there is a lot of room for those not so honest to take advantage of people.  I was very impressed yesterday with the HECM program that is insured by FHA, so I wanted to share some of the info from my notes.  For more detailed information contact Ann Marie at Ann Marie's presentation for the HECM program.

Using a HECM loan, you can move into your dream home with as little as 44% down, while never having to make a monthly mortgage payment.  As of April 16th, 2014, here are some details of the program. Please contact me anytime with questions, to discuss the benefits of this program and how they pertain to you, or to explore his option for you or a family member.  There is a HECM refinance option available too.

10 Things to know about the HECM for Purchase Program
1. Minimal Credit Requirements
2. Minimal Income Requirements (for property taxes and insurance)
3. No Employment Requirments
4. No Debt-to-Income Ratios
5. No Monthly Mortgage Payments Ever
6. You can live in the home until the last borrower vactes
7. You are not personally liable for the debt nor your heirs
8. Loan-to-Value Ratios up to 56% based on age
9. Lending limits up to $344,000 based on age.
10. Closing costs are included in mortgage

3 Steps to Qualify for a HECM
1. You must be aged 62 or older
2. HECM morgage must be for your primary residence (but you can own other homes: rentals or vacation)
3. Money brought to closing must come from asset accounts or a gift and cannot be money acquired through any debt.

What type of property can be purchased?
1. New or existing family residence
2. New or existing FHA approved condo
3. Maximum claim amount $625,000

What would Disqualify a borrower?
1. Unresolved Feder liens (tax or other)
2. Chapter 7 Bankruptcy dishcarged less than 24 months prior to application
3. Foreclosure, Short Sale, or Deed-in-Lieu within the past 3 years
4 Exising FHA mortgage
5. Property tax arrearages in the past 24 months

What is the borrower responsible for?
1. Property taxes
2. Homeowners insurance and/or homeowners association dues
3. General upkeep and maintenance of the home

Contact me anytime for more information on how the sliding scale based on age and purchase price work, as well as information on how the program works if you decide to sell the home or what happens when your heirs inherit the property.

To get started contact me to schedule our appointment with Ann Marie, S1L HECM Specialist. She'll review the program in more detail and prepare a pre-approval letter for us. We can then find your new home, negotiate a purchase contract and Ann Marie will get to work on processing your loan, which takes 30 days or less.

IF YOU HAVE QUESTIONS ABOUT SELLING YOUR HOME, BUYING OR BUILDING A NEW ONE, DON'T HESITATE TO CALL, TEXT OR EMAIL ME. 614-657-2005
My promise to my clients: I try to always remember what it is like to walk into this incredibly complex world of buying and selling with little or no knowledge of how the process works. I know that behind the door of your home and in your life there is much more going on than just your real estate transaction. I work with each person, not the house, and with the whole person, not just the issues surrounding the transaction. When I attempt to put myself in your shoes and contemplate what you are dealing with I am most effective.
The Benadum & Bumpus Team

Amy Bumpus

Straight Talk—Always

614-657-2005

Monday, February 10, 2014

Central Ohio Reat Estate in 2014, Gaining Momentum

The real estate recovery is predicted to gain momentum in 2014. Overall the trend has been much slower than what people are used to after a recession. In 2014 experts believe the market has progressed further through the economic and real estate cycles and we are now seeing real evidence that the trends have the momentum to finally make an impact on the real estate market.
The recovery has been slow in part to a slower recovery in the jobs market. Instead of seeing 250,000 new jobs a month, in 2013 we were seeing 100,000+ new jobs a month, which equated to a modest 2.5 percent gross domestic product (GDP).  Now in 2014, that 2013 growth wasn't huge, but it has created some new demand for housing and that combined with almost no new supply creates a good position for real estate recovery. 
So you can see the changes happening, I've compiled some stats from Trulia on the average prices for January of the 2014 year versus 2013. I've included a variety of popular Central Ohio communities (in alphabetical order below), as you review, you'll notice there is a difference based on location. I am always happy to help you review communities that are the best fit for you and your goals. Whether you are looking for your first home, a long-term home, or your empty nest home-whatever phase of life your are in, or changes that you need to accommodate, you have various needs and I can help you analyze and review your options while taking your investment into consideration so you can make the best possible decisions on your real estate transactions. 
If you don't see your community below it doesn't mean I can't help your review, I just tried to grab a wide variety of areas for you to get an idea of how different each community may be in terms of real estate recovery. I think you'll see why it is important to have a real estate professional help you when are selling and buying homes to maximize your investments, from your happiness to your money!
Bexley, Ohio, the average price per square foot for Bexley OH was $158, an increase of 33.9% compared to the same period last year. The median sales price for homes in Bexley OH for Oct 13 to Jan 14 was $290,500 based on 23 home sales. Compared to the same period one year ago, the median home sales price increased 40.5%, or $83,750, and the number of home sales decreased 36.1%. There are currently 39 resale and new homes in Bexley on Trulia. The average listing price for homes for sale in Bexley OH was $382,064 for the week ending Jan 29, which represents an increase of 5.4%, or $19,623, compared to the prior week. Popular neighborhoods in Bexley include Ardmore and Eastlawn, with average listing prices of $304,925 and $221,433.
Columbus, Ohio, the average price per square foot for Columbus OH was $90, an increase of 2.3% compared to the same period last year. The median sales price for homes in Columbus OH for Oct 13 to Jan 14 was $105,000 based on 665 home sales. Compared to the same period one year ago, the median home sales price increased 0%, or $0, and the number of home sales decreased 32.7%. There are currently 2,528 resale and new homes in Columbus on Trulia. The average listing price for homes for sale in Columbus OH was $135,966 for the week ending Jan 29, which represents a decrease of 1%, or $1,337, compared to the prior week. Popular neighborhoods in Columbus include German Village and North Linden, with average listing prices of $378,162 and $52,022.
Delaware, Ohio, the average price per square foot for Delaware OH was $85, a decrease of 4.5% compared to the same period last year. The median sales price for homes in Delaware OH for Oct 13 to Jan 14 was $156,000 based on 125 home sales. Compared to the same period one year ago, the median home sales price decreased 17.5%, or $33,200, and the number of home sales decreased 10.7%. There are currently 434 resale and new homes in Delaware on Trulia. The average listing price for homes for sale in Delaware OH was $300,352 for the week ending Jan 29, which represents a decrease of 1.3%, or $3,866, compared to the prior week.
Dublin, Ohio, the average price per square foot for Dublin OH was $119, a decrease of 51% compared to the same period last year. The median sales price for homes in Dublin OH for Oct 13 to Jan 14 was $268,000 based on 105 home sales. Compared to the same period one year ago, the median home sales price increased 7.2%, or $18,000, and the number of home sales decreased 36%. There are currently 392 resale and new homes in Dublin on Trulia. The average listing price for homes for sale in Dublin OH was $367,705 for the week ending Jan 29, which represents an increase of 0.8%, or $2,844, compared to the prior week.
Gahanna, Ohio, the average price per square foot for Gahanna OH was $97, a decrease of 2% compared to the same period last year. The median sales price for homes in Gahanna OH for Oct 13 to Jan 14 was $173,500 based on 46 home sales. Compared to the same period one year ago, the median home sales price increased 22.2%, or $31,500, and the number of home sales decreased 27%. There are currently 64 resale and new homes in Gahanna on Trulia. The average listing price for homes for sale in Gahanna OH was $217,206 for the week ending Jan 29, which represents a decrease of 1.2%, or $2,531, compared to the prior week. Popular neighborhoods in Gahanna include Woodside Green and Brentwood Estates, with average listing prices of $188,164 and $104,474.
Grove City, Ohio, the average price per square foot for Grove City OH was $105, an increase of 32.9% compared to the same period last year. The median sales price for homes in Grove City OH for Oct 13 to Jan 14 was $126,000 based on 72 home sales. Compared to the same period one year ago, the median home sales price decreased 14.4%, or $21,250, and the number of home sales decreased 50%. There are currently 366 resale and new homes in Grove City on Trulia. The average listing price for homes for sale in Grove City OH was $170,016 for the week ending Jan 29, which represents an increase of 1.8%, or $2,941, compared to the prior week. Popular neighborhoods in Grove City include Pinnacle Club and Brookgrove, with average listing prices of $184,010 and $121,744.
Hilliard, Ohio, the average price per square foot for Hilliard OH was $102, an increase of 14.6% compared to the same period last year. The median sales price for homes in Hilliard OH for Oct 13 to Jan 14 was $161,250 based on 70 home sales. Compared to the same period one year ago, the median home sales price increased 4.1%, or $6,350, and the number of home sales decreased 55.7%. There are currently 204 resale and new homes in Hilliard on Trulia The average listing price for homes for sale in Hilliard OH was $205,147 for the week ending Jan 29, which represents a decrease of 1%, or $2,154, compared to the prior week. Popular neighborhoods in Hilliard include Hoffman Farms and River Landings, with average listing prices of $304,213 and $288,100.
Marengo, Ohio, there are currently 28 resale and new homes in Marengo on Trulia. The average listing price for homes for sale in Marengo OH was $160,674 for the week ending Jan 29, which represents an increase of 7.6%, or $11,387, compared to the prior week.
New Albany, Ohio, the average price per square foot for New Albany OH was $196, an increase of 56.8% compared to the same period last year. The median sales price for homes in New Albany OH for Oct 13 to Jan 14 was $316,400 based on 36 home sales. Compared to the same period one year ago, the median home sales price increased 3.4%, or $10,400, and the number of home sales decreased 49.3%. There are currently 145 resale and new homes in New Albany on Trulia. The average listing price for homes for sale in New Albany OH was $514,960 for the week ending Jan 29, which represents an increase of 8.1%, or $38,436, compared to the prior week. Popular neighborhoods in New Albany include The New Albany Country Club and New Albany Links, with average listing prices of $753,469 and $411,228.
Pickerington, Ohio, the average price per square foot for Pickerington OH was $88, an increase of 0% compared to the same period last year. The median sales price for homes in Pickerington OH for Oct 13 to Jan 14 was $170,000 based on 85 home sales. Compared to the same period one year ago, the median home sales price decreased 5%, or $9,000, and the number of home sales decreased 27.4%. There are currently 310 resale and new homes in Pickerington on Trulia. The average listing price for homes for sale in Pickerington OH was $228,003 for the week ending Jan 29, which represents a decrease of 0.7%, or $1,654, compared to the prior week.
Plain City, Ohio, the average price per square foot for Plain City OH was $99, an increase of 17.9% compared to the same period last year. The median sales price for homes in Plain City OH for Oct 13 to Jan 14 was $222,800 based on 6 home sales. Compared to the same period one year ago, the median home sales price increased 48.5%, or $72,800, and the number of home sales decreased 68.4%. There are currently 77 resale and new homes in Plain City on Trulia. The average listing price for homes for sale in Plain City OH was $335,284 for the week ending Jan 29, which represents a decrease of 12.4%, or $47,327, compared to the prior week.
Powell, Ohio, the average price per square foot for Powell OH was $113, an increase of 2.7% compared to the same period last year. The median sales price for homes in Powell OH for Oct 13 to Jan 14 was $285,000 based on 109 home sales. Compared to the same period one year ago, the median home sales price increased 11.4%, or $29,150, and the number of home sales decreased 24.3%. There are currently 229 resale and new homes in Powell on Trulia. The average listing price for homes for sale in Powell OH was $414,767 for the week ending Jan 29, which represents a decrease of 1.8%, or $7,479, compared to the prior week.
Reynoldsburg, Ohio, the average price per square foot for Reynoldsburg OH was $83, an increase of 12.2% compared to the same period last year. The median sales price for homes in Reynoldsburg OH for Oct 13 to Jan 14 was $126,750 based on 68 home sales. Compared to the same period one year ago, the median home sales price increased 27.8%, or $27,550, and the number of home sales decreased 17.1%. There are currently 203 resale and new homes in Reynoldsburg on Trulia. The average listing price for homes for sale in Reynoldsburg OH was $135,706 for the week ending Jan 29, which represents a decrease of 0.3%, or $421, compared to the prior week. Popular neighborhoods in Reynoldsburg include Eastshire and Elmbrook Village, with average listing prices of $109,200 and $98,133.
South Bloomfield, Ohio, there are currently 11 resale and new homes in South Bloomfield on Trulia. The average listing price for homes for sale in South Bloomfield OH was $123,882 for the week ending Jan 29, which represents an increase of 1.3%, or $1,612, compared to the prior week.
Sunbury, Ohio, the average price per square foot for Lewis Center OH was $117, an increase of 20.6% compared to the same period last year. The median sales price for homes in Lewis Center OH for Oct 13 to Jan 14 was $238,600 based on 53 home sales. Compared to the same period one year ago, the median home sales price increased 3.6%, or $8,400, and the number of home sales decreased 43.6%. There are currently 163 resale and new homes in Lewis Center on Trulia. The average listing price for homes for sale in Lewis Center OH was $258,599 for the week ending Jan 29, which represents a decrease of 0.8%, or $2,091, compared to the prior week.
Upper Arlington, Ohio, the average price per square foot for Upper Arlington OH was $170, an increase of 11.1% compared to the same period last year. The median sales price for homes in Upper Arlington OH for Oct 13 to Jan 14 was $276,500 based on 72 home sales. Compared to the same period one year ago, the median home sales price decreased 3%, or $8,500, and the number of home sales decreased 30.1%. There are currently 48 resale and new homes in Upper Arlington on Trulia. The average listing price for homes for sale in Upper Arlington OH was $463,338 for the week ending Jan 29, which represents a decrease of 5.2%, or $25,305, compared to the prior week. Popular neighborhoods in Upper Arlington include Mountview Place and North Mountview, with average listing prices of $202,400 and $343,233.
Westerville, Ohio, the average price per square foot for Westerville OH was $104, an increase of 6.1% compared to the same period last year. The median sales price for homes in Westerville OH for Oct 13 to Jan 14 was $217,000 based on 163 home sales. Compared to the same period one year ago, the median home sales price increased 20.6%, or $37,000, and the number of home sales decreased 33.5%. There are currently 382 resale and new homes in Westerville on Trulia. The average listing price for homes for sale in Westerville OH was $267,787 for the week ending Jan 29, which represents an increase of 0.1%, or $167, compared to the prior week. Popular neighborhoods in Westerville include Spring Grove and Annehurst Village, with average listing prices of $215,286 and $184,233.
Worthington, Ohio, the average price per square foot for Worthington OH was $122, an increase of 8% compared to the same period last year. The median sales price for homes in Worthington OH for Oct 13 to Jan 14 was $199,000 based on 31 home sales. Compared to the same period one year ago, the median home sales price increased 7.1%, or $13,250, and the number of home sales decreased 38%. There are currently 57 resale and new homes in Worthington on Trulia. The average listing price for homes for sale in Worthington OH was $196,573 for the week ending Jan 29, which represents a decrease of 5.2%, or $10,803, compared to the prior week. Popular neighborhoods in Worthington include Colonial Hills and Worthington Park, with average listing prices of $220,960 and $173,450.

IF YOU HAVE QUESTIONS ABOUT SELLING YOUR HOME, BUYING OR BUILDING A NEW ONE, DON'T HESITATE TO CALL, TEXT OR EMAIL ME. 614-657-2005
My promise to my clients: I try to always remember what it is like to walk into this incredibly complex world of buying and selling with little or no knowledge of how the process works. I know that behind the door of your home and in your life there is much more going on than just your real estate transaction. I work with each person, not the house, and with the whole person, not just the issues surrounding the transaction. When I attempt to put myself in your shoes and contemplate what you are dealing with I am most effective.
The Benadum & Bumpus Team

Amy Bumpus

Straight Talk—Always

614-657-2005