Columbus Ohio real estate

The old gray box just ain't what it used to be...

old gray keyboxWe are in the midst of a keybox exchange in the Columbus area.  The old gray Supra keyboxes many of us in the Columbus Board of REALTORS® have used are being swapped out for new blue keyboxes. Many newer agents had only blue keyboxes... some REALTORS® have had a mixture of boxes.  I had only old gray keyboxes.

My personal favorite was my old gray keybox that was damaged when my sellers tried to saw into it to get into their house.  They lost their house keys.. they actually thought their house keys were stolen.  Long story... the keybox was impenetrable!!  It still worked...usually. 

The sellers said they had the police try to saw it off... ??

The difference in the boxes?  The old gray keyboxes had contacts, the DisplayKEY was inserted in the front of the lockbox.  The new blue keyboxes use infrared and beam the information from the DisplayKEY, PDA or phone. My favorite old gray keybox one of the contracts was a tad caddywampus (a technical term) so you needed to be very resolute in placing the DisplayKEY or eKEY in the front of the keybox.

"Members are being offered a "1 for 1" exchange for their old gray AEII keyboxes during the Exchange. Also DisplayKEY users will be able to trade in their old DisplayKEY for a brand new one - Free -- during the Exchange." 

Yeah!!!!  I believe when our board first started using Supra products rather than the old combination lockboxes, the first generation (at our board anyway) displayKEY did not have infrared.  It seemed like just a few years later we had to replace those original displayKEYS with the displayKEY (or the dorky clamshell eKEY) with the contact and infrared.  At that point beause we continued to use the old gray keyboxes along with some new blue keyboxes...  we could not use cellphones and PDAs.  We still needed an electronic "key"  with contacts to open the old gray keyboxes.  

Yesterday I fully expected the people at the keybox exchange  to say that my one battered sawed keybox was beyond acceptable but over the years my other gray keyboxes kind of caught up in the scruffy looks department ....


"Your Exchange appointment should have been mailed to you from Supra."  according to the CBR's  In Contract Magazine. I did get mail telling me where I needed to be and when, but talking to some of my fellow M's (it was alphabetical of course) some said they had not got mail from Supra, and they knew of people who did not know about the exchange.  

Sometime this week any Central Ohio listings with the old gray keybox on the door were or will be keyboxless  for a couple of hours at least. 

The use of the newer blue keyboxes allows members of our board to finally use certain PDA's and cell phones to enter properties.  The new boxes of course also can be accessed using a Supra DisplayKey that is updated daily. The modern keyboxes are security for sellers.  It amazes me to hear of other real estate markets that still use combination keyboxes. Sometimes  vacant property in Central Ohio has an old fashioned combination keybox.  In our market members schedule showing appointments with the listing office, there are fines (and worse) for entering a property without permission.  

 

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This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

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Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

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Franklin County Market Report - December 2006

 

December 2006 Franklin County sales and inventory

Inventory dropped in Franklin County in December 2006. As usual some people took their home off the market over the holidays, but there is still more inventory than a year earlier.  Franklin County sales were down overall in December from November 2006 and from December sales of a year earlier, but not as much as in some Central Ohio counties.  The Franklin County properties represented in the graph and the table above are all single family, townhouse and condominium listings and sales in Franklin County.   The average days on market was 18 days longer in December 2006 than a year earlier and up five days from November.

Average sold price is up slightly from December 2005 to December 2006 for residential properties (single family, condominiums and townhouses. )

Franklin County

Community Information for Franklin County communities including Columbus, Dublin, Gahanna, Worthington, Hilliard,  Riverlea  Westerville and Worthington. 

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Date 10/05 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06
For Sale 9848 9421 8196 8840 9358 10189 10698 11500 11747 12147 12324 11952 11732 11075 9606
Sold 1411 1150 1074 828 942 1389 1349 1584 1785 1413 1704 1333 1215 1085 997
Pended 1342 1091 914 998 1236 1467 1550 1680 1640 1511 1560 1254 1190 1068 834
Months of Inventory based on Closed Sales 7.0 8.2 7.6 10.7 9.9 7.3 7.9 7.3 6.6 8.6 7.2 9.0 9.7 10.2 9.6
Months of Inventory based on Pended Sales 7.3 8.6 9.0 8.9 7.6 6.9 6.9 6.8 7.2 8.0 7.9 9.5 9.9 10.4 11.5
Avg. Active Price 199 197 196 196 198 199 204 204 202 200 198 198 196 190 188
Avg. Sld Price 170 168 164 167 157 159 174 172 184 177 173 165 165 161 168
Avg. Sq. Ft. Price 105 104 101 101 100 101 106 107 110 109 106 102 102 99 101
Sold/List Diff. % 97 97 97 97 97 98 97 97 97 97 97 97 97 97 97
Days on Market 84 82 90 103 101 102 96 92 87 91 89 93 99 103 108
Median Price 142 140 139 137 136 136 145 145 154 144 142 139 135 135 135

 Graphics and table are from Trendgraphix. The data is Columbus Board of REALTORS® MLS.

 

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This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

Search Columbus mls online


email: MaureenatMaureenMcCabe.com   @

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

Non Member comments occasionally closed due to heavy spam! 


 

Central Ohio Market Report - December 2006

December 2006 Sales and Inventory Central Ohio

Consumers:  Please visit Discover Columbus for CURRENT Central Ohio Real Estate Market Reports - this is old news but for some reason there are still a lot of views.  Although ActiveRain / Localism has a category for market reports a local ActiveRain member was highly opposed to my sharing this information.

There was less inventory on the market in Central Ohio over the holidays because homes taken off the market. That happens most years.  December sales were down from November 2006 and a year earlier.  This was not true in all Central Ohio markets. The properties represented in the graph and table are single family homes, town houses and condominiums. 

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Columbus Board of REALTOR® stats for Central Ohio "Columbus still a Buyer's Market"  as of 12-21.

Accordng to the boards website: "The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow and Union Counties and parts of Champagne, Clark, Licking, Fairfield, Knox, Logan, Marion and Pickaway Counties."

 

Date 10/05 11/05 12/05 1/06 2/06 3/06 4/06 5/06 6/06 7/06 8/06 9/06 10/06 11/06 12/06
For Sale 16511 15862 13915 15074 15835 17147 18106 19307 19675 20219 20354 19724 19425 18375 15909
Sold 2157 1836 1739 1282 1526 2272 2121 2515 2829 2219 2671 2114 1954 1723 1531
Pended 2124 1750 1446 1564 2000 2393 2411 2639 2556 2370 2452 2006 1926 1688 1291
Months of Inventory based on Closed Sales 7.7 8.6 8.0 11.8 10.4 7.5 8.5 7.7 7.0 9.1 7.6 9.3 9.9 10.7 10.4
Months of Inventory based on Pended Sales 7.8 9.1 9.6 9.6 7.9 7.2 7.5 7.3 7.7 8.5 8.3 9.8 10.1 10.9 12.3
Avg. Active Price 219 218 216 218 220 221 224 224 223 222 220 221 219 215 212
Avg. Sld Price 179 177 177 177 165 169 180 180 195 189 183 177 170 171 174
Avg. Sq. Ft. Price 104 102 101 101 98 100 104 105 108 107 104 103 100 99 98
Sold/List Diff. % 97 97 97 97 97 97 97 97 97 97 97 96 97 97 96
Days on Market 87 86 93 105 104 105 99 96 91 96 94 95 101 106 113
Median Price 149 148 148 144 143 144 150 151 160 152 150 145 139 141 142

Graphics and table are from Trendgraphix. The data is Columbus Board of REALTORS® MLS.

 

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This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

Search Columbus mls online


email: MaureenatMaureenMcCabe.com   @

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

Non Member comments occasionally closed due to heavy spam! 


 

NAR Policy - a hurdle for discount brokerages?

Does the writer of the Wall Street Journal Online not understand  NAR's policy is just clarifying to local boards not to exclude discount broker's listings from the feed (IDX) from their MLS?   To let the individual brokers decide for themselves what properties to advertise on their website using objective criteria? Brokers making business decisions.

"One concern is that potential buyers relying on a local broker's Web site might not be aware of listings from discounters."  Shoppers at Macy's might not know what's available at K-Mart either.... 

Accoding to the WSJ Online Article entitled Discount Real-Estate Brokers Face New Hurdle for Web Listings the new NAR policy is:

"The policy, approved by directors of the trade group at a convention in New Orleans, involves information about homes that real-estate brokers get from their local multiple-listing services, databases that are typically operated by local Realtor associations. Among other things, the policy reaffirms that brokerage firms that put listings from the MLS on their own Web sites can exclude certain homes.

The revised policy states that brokers must use "objective criteria" if they screen out some listings. The criteria could include location, type of property, compensation offered for agents who find a buyer, or the level of service provided by the listing company. Thus, listings from brokers providing limited service for lower fees could be excluded from other brokers' sites."

According to the WSJ Online Article the old policy was:

"By contrast, the policy now states that multiple-listing services must make all types of listings available to the Web sites of participating brokers. It would be up to brokers -- not the MLS -- to decide which listings are used on individual brokers' sites."

Am I missing something? Is there a hurdle there I don't see?

HER Real Living logoI wrote about the impact of the new NAR policy on the Central Ohio market on my other blog, Columbus Best Blog. Our board includes all brokerages listings in the feed from MLS. Individual brokerages decide what to advertise on their websites. 

Thanks to Mike Adams of Somerset 08873 for the heads up on the article that quotes Harley Rouda Jr. CEO of Real Living: 


real living logo"Harley Rouda Jr., chief executive of Real Living Inc., a 15-state brokerage chain based in Columbus, Ohio, said his company already allows its local offices to leave out listings from certain rivals on a case-by-case basis. "We spend a lot of money advertising our Web site to the public, and we have a right to put what we want on our site," Mr. Rouda said. Rivals unhappy with that policy "can spend more money to promote their own Web sites."

One concern is that potential buyers relying on a local broker's Web site might not be aware of listings from discounters. But Mr. Rouda said that if a buyer signs a representation agreement with a Real Living agent, that agent is required to provide information about all offerings that might appeal to the buyer."

 

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This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

Search Columbus mls online


email: MaureenatMaureenMcCabe.com   @

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

Non Member comments occasionally closed due to heavy spam! 


 

Tub vs. Shower

tub Visit my other blog, Discover Columbus for a very important issue: 

Tub or Shower?

Today on Inman News Illyce Glink had a very entertaining column .... bath or shower...It started out I believe with a question from older people who wanted to take out a bath tub in their home and replace it with a shower.  Would this ruin the value of the home?  Should they crawl over a tub each day to preserve that value or have a convenient walk in shower installed?  A question about value of real estate, of the value of bathroom fixtures turned into a question of bath vs. shower?

You gotta love the letter from a Texas appraiser with the sentences:  "Baths are fine as a method of getting cleaner than before, but you are seated in water that is polluted by skin flakes, dirt, deodorant, makeup and whatever. After stepping out of the bath and toweling off, some pollutants remain all over your body."

Ick...all over your body?

and

"Showers pound the body with clean water that immediately runs off down the drain carrying what ever can be loosened. Thus, after toweling off you are cleaner."

OK!

Trulia.com (a national search site) put out a trend report this week.  The average home listed in Columbus (just on their site I believe)  had 2.9 bedrooms and 1.8 baths.  That's averaging! I like Trulia.com but their 2.9 bedrooms and 1.8 baths tickles me.

Our Central Ohio multiple listing service (agent to agent information re: property, that becomes the ads (listings) consumers read on the internet search sites..(MaureenMcCabe.com, HERRealLiving.com, Trulia.com, Realtor.com etc where you see homes) the bath count goes, 1 bath, 1 1/2 bath, 2 baths, 2 1/2 baths, 3 baths.... we don't have .75 baths as some markets do and no .8 bathrooms..

 

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This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

Search Columbus mls online


email: MaureenatMaureenMcCabe.com   @

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

Non Member comments occasionally closed due to heavy spam! 


 

Trulia announces the birth of twins....

Trulia.com just announced the birth of twins ... or I guess they were described as "Two Big Launches" on their search award winning website: 

1. Heat Trend Maps (I typed "Trulia Heat Lamps"  on my Columbus Best Blog entry this morning....) "You can see price trends here on the national, county and ZIP level across the country." according to Megan Klimal, Product Manager with Trulia.com   Zip code level is very local, isn't it? 

2. Trulia Trends Report - I covered this twin on my Discover Columbus blog... Megan of Trulia wrote: Trulia Trends report - a snapshot of real estate trends and consumer search behavior online. The report discusses what people are searching for on www.trulia.com, how that differs across the U.S. and pricing trends."

I recently became triblogular...  what to do... which to blog on?  How to be fair....  Today in the fashion of Soloman I divided the twin Trulia topics between the blogs. No muss, no fuss and no worry about duplicate content. Duplicate content the identical twin dilemma of bloggers everywhere.

The stats for the Heat Trend Map and the Trend Reports are just for the homes advertised on Trulia.com as I understand it. 

 All HER Real Living listings are advertised on Trulia.com (I think) and Kaira Rouda, COO of Real Living is on the board created by Trulia a coupple of moths ago.   

 

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This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

Search Columbus mls online


email: MaureenatMaureenMcCabe.com   @

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

Non Member comments occasionally closed due to heavy spam!