Lender-Mediated Properties Report

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1 Historical Inventory in the Columbus Region 30,000 Traditional Lender-Mediated 25,000 20,000 15,000 10,000 5,000 0 Q Q Q Q Q Q Q Q Q Q Q With 49.7 percent fewer active lender-mediated properties compared to a year ago and 64.5 percent fewer than peak levels in 2010 it's no wonder the region has experienced six consecutive quarters of year-over-year median price gains. Lender-mediated new listings were down in the second quarter 12.0 percent from 2012, while traditional seller activity was up 23.3 percent during that time. Lender-mediated sales were up 12.4 percent but traditional sales were up 27.8 percent. The share of all new listings and closed sales that were lendermediated fell to 16.4 and 24.3 percent, respectively. Both figures are down notably from last year. That is a positive long term development for the marketplace. Homes are also selling in less time. At just 57 days, lender-mediated homes are selling the fastest. As always, market activity can vary greatly by area, price point and segment. New Listings & Closed Sales Inventory of Homes for Sale Median Sales Price & Days on Market Inventory & Closed Sales by Area Median Sales Price by Area Click on desired metric to jump to that page Explanation of Methodology A property is considered to be lender-mediated when any of the following criteria are found within the Columbus REALTORS MLS: The Additional Acceptance Conditions field notes Bank-Owned/REO (Deed Recorded), Bank-Owned/REO (Deed Not Recorded), HUD, Short Sale, VA; or, if any of the following terms are included in any of the remarks fields: bank owned, bank-owned, foreclosure, forclosure, reo, hud acquire, hud-acquire, hud-acquired, hud-owned, hud owned, hudcase, hud case, hud-owned-case, hud owned case, corporate owned, corporate-owned, corp owned, corp. owned, corp-owned, or, corp owner. This list may be adjusted at anytime. A property is considered to be "traditional" when the "Additional Acceptance Conditions" field is not marked or None Known is selected; or, if any of the following terms are included in any of the remarks fields: not a foreclosure, not a forclosure, no foreclosure, no forclosure, not foreclosure, not forclosure, not a short sale, not a shortsale, not a short-sale, not short sale, not shortsale, not short-sale, no short sale, no shortsale, no short-sale, not a bank, not bank, no bank, tired of short sale, Current as of July 12, All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing.

2 New Listings and Closed Sales Share of Total Activity that was Lender-Mediated Q Q / Q Q / Q Q / Q Q New Listings 2,267 1, % 8,240 10, % 10,507 12, % 21.6% 16.4% Closed Sales 1,751 1, % 4,798 6, % 6,549 8, % 26.7% 24.3% Share of Activity that was Lender-Mediated Q Q % 16.4% 26.7% 24.3% New Listings Closed Sales Historical New Listing Activity Lender-Mediated Traditional 15,000 12,500 10,000 7,500 5,000 2,500 0 Q Q Q Q Q Q Q Q Q Q Historical Closed Sales Activity Lender-Mediated Traditional 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Q Q Q Q Q Q Q Q Q Q All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 2

3 Prior year inventory in this report includes listings that were in contract last year but subsequently did not close. Inventory of Homes for Sale Share of Total Activity that was Lender-Mediated Q Q / Q Q / Q Q / Q Q Single-Family 2,524 1, % 9,245 7, % 11,769 8, % 21.4% 14.7% Condo % 1,920 1, % 2,257 1, % 14.9% 8.6% All Properties* 2,861 1, % 11,165 8, % 14,026 10, % 20.4% 13.8% Lender-Mediated Inventory by Property Type Q Q ,524 2,861 1,310 1, % % % Single-Family Condo All Properties* Inventory by Price Range Share of Total Activity that was Lender-Mediated Q Q / Q Q / Q Q / Q Q $80,000 and Below 1, % 1,490 1, % 2,686 2, % 44.5% 35.2% $80,001 to $120, % 1,738 1, % 2,327 1, % 25.3% 16.2% $120,001 to $160, % 2,149 1, % 2,603 1, % 17.4% 9.6% $160,001 to $250, % 2,829 1, % 3,228 2, % 12.4% 6.6% $250,001 and Above % 2,945 2, % 3,167 2, % 7.0% 2.8% All Price Ranges* 2,861 1, % 11,165 8, % 14,026 10, % 20.4% 13.8% Lender-Mediated Inventory by Price Range Q Q , % % % % % $80,000 and Below $80,001 to $120,000 $120,001 to $160,000 $160,001 to $250,000 $250,001 and Above *This is not a total or average of the breakouts but shows activity for the Entire MLS. All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 3

4 Median Sales Price Q Q / Q Q / Q Q / Single-Family $65,001 $68, % $182,000 $182, % $150,000 $155, % Condo $67,950 $66, % $130,500 $133, % $115,000 $123, % All Properties* $65,500 $68, % $172,700 $172, % $144,500 $149, % Change in Median Sales Price for All Properties Q Q $172,700 $172,900 $144,500 $149,900 $65,500 $68, % + 0.1% + 3.7% Days on Market Until Sale Q Q / Q Q / Q Q / Single-Family % % % Condo % % % All Properties* % % % Change in Days on Market Until Sale for All Properties Q Q % % % *This is not a total or average of the breakouts but shows activity for the Entire MLS. All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 4

5 Inventory and Closed Sales by Area ENTIRE MLS Inventory for Q Closed Sales for Q Total* Lender- Mediated Share** Total* Lender- Mediated Share** 10,422 1, % 8,102 1, % COUNTIES Champaign County % % Clark County % % Delaware County % 1, % Fairfield County % % Fayette County % % Franklin County 5, % 4,974 1, % Hocking County % % Knox County % % Licking County 1, % % Logan County % % Madison County % % Marion County % % Morrow County % % Muskingum County % % Perry County % % Pickaway County % % Ross County % % Union County % % COMMUNITIES/SCHOOL DISTRICTS Beechwold / Clintonville % % Bexley (Corp.) % % Blacklick (43004) % % Big Walnut Local School District % % Buckeye Valley Local School District % % Canal Winchester City School District % % Circleville City School District % % Columbus (Corp.) 3, % 3, % Columbus City School District 2, % 1, % Delaware City School District % % Downtown Columbus (43215) % % Dublin City School District % % Dublin (Corp.) % % Gahanna Jefferson City School District % % Gahanna (Corp.) % % German Village (43206 and German Village subdivision) % % Grandview Heights (Corp.) % % Granville Exempted Village School District % % Groveport Madison Local School District % % Communities/School Districts continued on page 6 *TOTAL represents all traditional and lender-mediated activity. **SHARE represents the market share of lender-mediated sales for each area. All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 5

6 Inventory and Closed Sales by Area Inventory for Q Closed Sales for Q COMMUNITIES/SCHOOL DISTRICTS Cont. from page 5 Total* Lender- Mediated Share** Total* Lender- Mediated Share** Grove City (Corp.) % % Hamilton Local School District % % Hilliard City School District % % Hilliard (Corp.) % % Johnstown-Monroe Local School District % % Jonathan Alder Local School District (Plain City) % % Lancaster City School District % % Lithopolis (Corp.) % % London City School District % % Marysville Exempted Village City School District % % Minerva Park (Corp.) % % Miami Trace Local School District % % New Albany (Corp.) % % New Albany Plain Local School District % % Newark City School District % % Northridge Local School District % % Obetz (Corp.) % % Olentangy Local School District % % Pataskala (Corp.) % % Pickerington (Corp.) % % Pickerington Local School District % % Powell (Corp.) % % Reynoldsburg City School District % % South-Western City School District (Grove City) % % Sunbury (Corp.) % % Upper Arlington City School District % % Valleyview (Corp.) % Washington Court House City School District % % Jefferson Local School District (West Jefferson) % % Westerville City School District % % Westerville (Corp.) % % Whitehall (Corp.) % % Worthington City School District % % Worthington (Corp.) % % *TOTAL represents all traditional and lender-mediated activity. **SHARE represents the market share of lender-mediated sales for each area. All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 6

7 Median Sales Price by Area Lender-Mediated Traditional Q Q / Q Q / ENTIRE MLS $65,500 $68, % $172,700 $172, % COUNTIES Champaign County $68,000 $68, % $125,000 $136, % Clark County $23,125 $38, % $172,500 $98, % Delaware County $173,000 $177, % $264,000 $260, % Fairfield County $100,500 $100, % $156,000 $162, % Fayette County $38,550 $38, % $128,500 $100, % Franklin County $60,500 $59, % $167,000 $167, % Hocking County $28,500 $88, % $128,000 $135, % Knox County $65,000 $79, % $149,950 $138, % Licking County $81,400 $84, % $139,950 $154, % Logan County $37,753 $65, % $123,000 $98, % Madison County $59,486 $67, % $120,000 $131, % Marion County $24,000 $39, % $125,000 $100, % Morrow County $81,625 $55, % $122,000 $132, % Muskingum County $51,575 $51, % $192,450 $180, % Perry County $74,483 $47, % $145,000 $169, % Pickaway County $78,100 $73, % $139,000 $139, % Ross County $29,200 $52, % $144,900 $131, % Union County $101,000 $103, % $187,500 $175, % COMMUNITIES/SCHOOL DISTRICTS Beechwold / Clintonville $113,500 $108, % $193,500 $186, % Bexley (Corp.) $147,100 $140, % $248,500 $309, % Blacklick (43004) $90,620 $91, % $142,000 $154, % Big Walnut Local School District $180,000 $160, % $269,000 $248, % Buckeye Valley Local School District $171,500 $86, % $279,000 $282, % Canal Winchester City School District $105,000 $107, % $160,245 $142, % Circleville City School District $52,199 $54, % $116,250 $109, % Columbus (Corp.) $57,975 $53, % $143,450 $146, % Columbus City School District $36,699 $35, % $139,455 $143, % Delaware City School District $82,001 $128, % $144,000 $156, % Downtown Columbus (43215) $175,500 $139, % $199,500 $242, % Dublin City School District $138,500 $113, % $260,000 $245, % Dublin (Corp.) $264,000 $240, % $318,500 $334, % Gahanna Jefferson City School District $131,000 $126, % $186,000 $197, % Gahanna (Corp.) $125,000 $94, % $180,000 $195, % German Village (43206 and German Village subdivision) $172,400 $282, % $303,875 $283, % Grandview Heights (Corp.) $82,900 $64, % $249,900 $225, % Granville Exempted Village School District $167,500 $184, % $257,250 $259, % Groveport Madison Local School District $47,000 $52, % $89,164 $105, % Communities/School Districts continued on page 8 *TOTAL represents all traditional and lender-mediated activity. **SHARE represents the market share of lender-mediated sales for each area. All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 7

8 Median Sales Price by Area Lender-Mediated Traditional COMMUNITIES/SCHOOL DISTRICTS Cont. from page 7 Q Q / Q Q / Grove City (Corp.) $132,500 $127, % $153,500 $154, % Hamilton Local School District $60,200 $69, % $103,500 $84, % Hilliard City School District $105,119 $132, % $180,500 $184, % Hilliard (Corp.) $162,950 $155, % $216,605 $206, % Johnstown-Monroe Local School District $78,000 $120, % $175,000 $194, % Jonathan Alder Local School District (Plain City) $62,000 $157, % $246,000 $259, % Lancaster City School District $47,500 $67, % $114,000 $130, % Lithopolis (Corp.) $0 $0 -- $135,800 $160, % London City School District $54,576 $70, % $117,000 $125, % Marysville Exempted Village City School District $122,600 $113, % $147,000 $167, % Minerva Park (Corp.) $105,000 $83, % $138,500 $143, % Miami Trace Local School District $62,150 $40, % $149,900 $124, % New Albany (Corp.) $310,000 $489, % $448,250 $430, % New Albany Plain Local School District $235,000 $189, % $295,500 $339, % Newark City School District $47,500 $45, % $103,000 $97, % Northridge Local School District $186,900 $103, % $195,000 $240, % Obetz (Corp.) $63,750 $54, % $77,000 $111, % Olentangy Local School District $214,462 $231, % $280,000 $289, % Pataskala (Corp.) $102,500 $109, % $142,700 $158, % Pickerington (Corp.) $132,613 $140, % $167,000 $176, % Pickerington Local School District $130,000 $133, % $179,950 $178, % Powell (Corp.) $252,507 $335, % $295,000 $335, % Reynoldsburg City School District $94,000 $82, % $114,900 $129, % South-Western City School District (Grove City) $74,040 $68, % $129,700 $129, % Sunbury (Corp.) $99,900 $112, % $158,900 $202, % Upper Arlington City School District $147,450 $197, % $298,450 $296, % Valleyview (Corp.) $0 $0 -- $68,000 $ % Washington Court House City School District $35,950 $31, % $89,900 $79, % Jefferson Local School District (West Jefferson) $36,200 $46, % $96,550 $131, % Westerville City School District $95,500 $85, % $190,000 $199, % Westerville (Corp.) $120,000 $138, % $204,000 $209, % Whitehall (Corp.) $25,931 $36, % $66,000 $75, % Worthington City School District $105,000 $124, % $199,000 $199, % Worthington (Corp.) $119,450 $217, % $225,450 $218, % All data from Columbus REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 8