I was reading a article the other day in a local newspaper about real estate in central Ohio. It said ‘Home sales down 14% in July’.

It seemed quite disturbing to see a sentence like that in the newspaper. So I did a little bit of research when I came back to the office. Its true that sales were down 14% in July of this year as compared to last. One of the good points about this most resent month was the fact that we didn’t have 10-30% more houses listed than last year. While on one hand its unfortunate to see sales decline by 14% over last July , it is nice to see the high surplus we have been experiencing go down a bit.

Of course , its still very much a buyer’s market out there, and in order to get a home sold ,you still definitely need to be aggressive to successfully sell. With interest rates fairly low, it’ll be interesting to see how the rest of the year pans out in home sales. As for me , I have no complaints about the current market

Well , today I hit the streets of Circleville , going door to door in hopes of just meeting people. Of course this has to do with my personal business, but I was asked a question that I hadn’t been asked before ,and it was quite interesting after I came home and did research.

I was told a particular area ( a very nice area , in my opinion) in Circleville was ‘cursed’. Now , this is a subdivision that I wanted to visit because the home sales were quite hot , and I felt it was a good opportunity to see what people think. So , after hearing that this particular street was stigmatized , that is has a bad history , or bad thoughts about it. The homeowner said he hadn’t ever seen any sales recently , and the only house he had seen never sold.

That’s where my quest began to find the truth about stigmatized properties. I loaded up my trusty sold data program and searched his particular subdivision….it came out with data along the lines of an average sales price of $190,000 per house (estimated) , with about 45% of the sales being over $210,000. Now , as a note , the average price of a house in circleville is $138,000. My special mapping program showed that the sales were quite evenly dispersed within the area. So , after picking the individual street that was in my area today , I found out , in fact there had been quite a good sale of a house recently , and only 1 house that had been listed without selling. In fact, the house that sold was about 30% under normal market time in our area, and for 50% over avg market price.

So , in ending , be careful about personal opinions on property ,and the idea of stigmatization , because it might just be wrong

As always , just E-Mail me if you have any questions , especially about Real Estate in our area!