Interest rates to drop below 5%??

It may happen soon! The Treasury Dept. has been asked to consider a plan that would drive interest rates on 30 year fixed loans down to 4.5%! Details could be released as early as next week! Great news for you buyers that have been on the fence! If you've got job security, good credit and at least 3% down, there really is no better time to buy a home! Rates are currently hovering around between 5.5% & 5.75%. This interest rate drop would also affect refinancing. I'll post more details if/when they become available!


Average Sales Price Stats for 10/08

Here are some of the lastest stats from the Columbus Board of Realtors.

Areas showing an INCREASE in sales price:

The downtown area of Columbus; $261,987 last year to $312,940, almost a 20% increase!

The area loosely located north of Bethel Rd., west of 315, east of Riverside & south of Powell; over 5%, from $184,358 to $194,252.

The area located south of Bethel Rd. to include parts of Grandview & the Lane Ave. area east of 315; $149,169 to $158,525, over 6% increase.

Canal Winchester; a slight increase of 1.73%, up to $175,610.

Dublin; up 3.5% from $319,035 to $330,220.

Hilliard; an increase (but still not a decrease) of less than 1%, at $204,031.

Plain City; up almost 10% to $183,761.

Areas showing a DECREASE:

Columbus, just north of 670, including the Short North, Victorian Village & Italian Village; down 10.5%, to $137,129.

Columbus, east of downtown, to include Olde Towne East; down over 20% to $68,022.

Columbus, south of downtown including German Village; down 31% to $127,690.

East Columbus, south of I-70, and east of Brice Rd.; down 11.37% to $109,600.

West Columbus, east of 270; down almost 25% to $50,144.

Northwest Delaware County; down 14% to $181,243.

Northeast Delaware County; down over 12% to $186,631.

Lancaster; down slightly more than 10% to $101,673.

Pickerington; down 9% to $190,084.

Grandview Heights; down almost 14% to $232,180.

Newark & Granville; down 16.5% to $261,638.

Lockbourne; down almost 18% to $64,693.

Upper Arlington; down almost 7% to $312,570.

Whitehall; down over 40% to $50,230.

Worthington; down 10% to $228,167.

For areas not listed, e-mail me for more details! realtor4columbus@yahoo.com