Historical Inventory of Lender-Mediated Properties in the Columbus Region 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2011 The number of lender-mediated properties available for sale during Q1-2011 decreased by 19.7 percent from Q1-2010. Traditional properties saw an even greater decline in inventory, and because of this, the share of lendermediated sales increased from 28.3 percent in Q1-2010 to 46.1 percent in Q1-2011. The Median Sales Price among lender-mediated properties dropped 16.4 percent from a year ago to $65,000, contributing to the jump in sales. It was up 10.3 percent to $160,000 among traditional homes for the same time period. The good news is that the pace of new lendermediated listings was down by 16.2 percent compared to last year at this time. 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. 2 3 4 5 7 Explanation of Methodology A property is considered to be lender-mediated when any of the following criteria are found within the Columbus Board or 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, tired of shortsale, tired of short-sale, tired of foreclosure, or, tired of forclosure. This list may be adjusted at anytime. All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. 1
New Listings and Closed Sales Share of Total Activity that was Lender-Mediated Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 New Listings 2,502 2,390-4.5% 9,331 6,920-25.8% 11,833 9,310-21.3% 21.1% 25.7% Closed Sales 1,130 1,650 + 46.0% 2,863 2,028-29.2% 3,993 3,678-7.9% 28.3% 44.9% Share of Activity that was Lender-Mediated Q1 2010 Q1 2011 44.9% 21.1% 25.7% 28.3% New Listings Closed Sales Historical New Listing Activity Lender-Mediated Traditional 15,000 12,500 10,000 7,500 5,000 2,500 0 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Historical Closed Sales Activity Lender-Mediated Traditional 8,300 7,300 6,300 5,300 4,300 3,300 2,300 1,300 300 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 2
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 Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 Single-Family 2,964 2,358-20.4% 12,148 9,293-23.5% 15,112 11,651-22.9% 19.6% 20.2% Condo 408 376-7.8% 2,981 2,343-21.4% 3,389 2,719-19.8% 12.0% 13.8% All Properties* 3,372 2,734-18.9% 15,129 11,636-23.1% 18,501 14,370-22.3% 18.2% 19.0% Lender-Mediated Inventory by Property Type Q1 2010 Q1 2011 2,964 2,358 3,372 2,734 408 376-20.4% - 7.8% - 18.9% Single-Family Condo All Properties* Inventory by Price Range Share of Total Activity that was Lender-Mediated Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 $80,000 and Below 1,180 1,141-3.3% 1,892 1,423-24.8% 3,072 2,564-16.5% 38.4% 44.5% $80,001 to $110,000 548 489-10.8% 1,585 1,287-18.8% 2,133 1,776-16.7% 25.7% 27.5% $110,001 to $130,000 369 287-22.2% 1,440 1,207-16.2% 1,809 1,494-17.4% 20.4% 19.2% $130,001 to $160,000 432 297-31.3% 2,041 1,673-18.0% 2,473 1,970-20.3% 17.5% 15.1% $160,001 and Above 839 517-38.4% 8,154 6,033-26.0% 8,993 6,550-27.2% 9.3% 7.9% All Price Ranges* 3,372 2,734-18.9% 15,129 11,636-23.1% 18,501 14,370-22.3% 18.2% 19.0% Lender-Mediated Inventory by Price Range Q1 2010 Q1 2011 1,180 1,141 839 548 489 369 432 287 297 517-3.3% - 10.8% - 22.2% - 31.3% - 38.4% $80,000 and Below $80,001 to $110,000 $110,001 to $130,000 $130,001 to $160,000 $160,001 and Above *This is not a total or average of the breakouts but shows activity for the Entire MLS. All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 3
Median Sales Price Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Single-Family $78,300 $66,250-15.4% $149,900 $165,500 + 10.4% $128,000 $120,000-6.3% Condo $75,105 $63,600-15.3% $127,000 $135,200 + 6.5% $115,000 $110,000-4.3% All Properties* $77,721 $65,900-15.2% $145,000 $160,000 + 10.3% $125,209 $119,000-5.0% Change in Median Sales Price for All Properties Q1 2010 Q1 2011 $145,000 $160,000 $125,209 $119,000 $77,721 $65,900-15.2% + 10.3% - 5.0% Days on Market Until Sale Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Single-Family 65 77 + 18.8% 92 125 + 35.3% 84 102 + 21.8% Condo 66 98 + 48.0% 123 129 + 4.7% 110 118 + 7.5% All Properties* 65 79 + 21.4% 96 125 + 30.3% 87 104 + 19.6% Change in Days on Market Until Sale for All Properties Q1 2010 Q1 2011 125 65 79 96 87 104 + 21.4% + 30.3% + 19.6% *This is not a total or average of the breakouts but shows activity for the Entire MLS. All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 4
Inventory and Closed Sales by Area ENTIRE MLS Total* Inventory for Q1 2011 Closed Sales for Q1 2011 Lender- Mediated Share** Total* Lender- Mediated Share** 14,370 2,734 19.0% 3,678 1,650 44.9% COUNTIES Champaign County 120 12 10.0% 22 6 27.3% Clark County 93 9 9.7% 11 6 54.5% Delaware County 1,515 169 11.2% 396 115 29.0% Fairfield County 832 142 17.1% 279 103 36.9% Fayette County 144 34 23.6% 33 10 30.3% Franklin County 8,448 1,921 22.7% 2,194 1,060 48.3% Hocking County 143 13 9.1% 23 8 34.8% Knox County 248 30 12.1% 43 25 58.1% Licking County 1,123 162 14.4% 266 106 39.8% Logan County 154 11 7.1% 29 13 44.8% Madison County 249 33 13.3% 63 37 58.7% Marion County 120 18 15.0% 38 17 44.7% Morrow County 153 43 28.1% 30 18 60.0% Muskingham County 52 10 19.2% 17 11 64.7% Perry County 82 10 12.2% 16 9 56.3% Pickaway County 293 24 8.2% 81 38 46.9% Ross County 41 13 31.7% 23 19 82.6% Union County 381 52 13.6% 75 28 37.3% COMMUNITIES/SCHOOL DISTRICTS Beechwold / Clintonville 130 7 5.4% 29 2 6.9% Bexley (Corp.) 91 8 8.8% 16 1 6.3% Blacklick (43004) 304 106 34.9% 82 36 43.9% Canal Winchester City School District 184 39 21.2% 36 23 63.9% Circleville City School District 95 5 5.3% 31 14 45.2% Columbus (Corp.) 5,604 1,454 25.9% 1,400 775 55.4% Columbus City School District 3,727 1,017 27.3% 889 520 58.5% Delaware City School District 256 42 16.4% 65 28 43.1% Downtown Columbus (43215) 207 21 10.1% 27 7 25.9% Dublin (Corp.) 348 26 7.5% 99 21 21.2% Dublin City School District 570 57 10.0% 132 26 19.7% Gahanna (Corp.) 219 33 15.1% 48 18 37.5% Gahanna Jefferson City School District 345 59 17.1% 90 31 34.4% German Village 113 3 2.7% 18 4 22.2% Grandview Heights (Corp.) 60 2 3.3% 16 1 6.3% Granville Exempted Village School District 125 5 4.0% 25 6 24.0% Groveport Madison Local School District 283 123 43.5% 90 64 71.1% Hamilton Local School District 53 20 37.7% 18 15 83.3% Hilliard (Corp.) 210 18 8.6% 70 20 28.6% 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 comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 5
Inventory and Closed Sales by Area Inventory for Q1 2011 Closed Sales for Q1 2011 COMMUNITIES/SCHOOL DISTRICTS Cont. from page 5 Total* Lender- Mediated Share** Total* Lender- Mediated Share** Hilliard City School District 650 66 10.2% 195 62 31.8% Jonathan Alder Local School District (Plain City) 51 4 7.8% 19 8 42.1% Lancaster City School District 237 38 16.0% 81 31 38.3% Lithopolis (Corp.) 15 3 20.0% 6 2 33.3% London City School District 118 16 13.6% 32 18 56.3% Marble Cliff (Corp.) 10 0 0.0% 2 0 0.0% Marysville Exempted Village City School District 221 31 14.0% 48 18 37.5% Minerva Park (Corp.) 19 5 26.3% 5 3 60.0% New Albany (Corp.) 124 8 6.5% 40 4 10.0% New Albany Plain Local School District 190 14 7.4% 69 15 21.7% Newark City School District 322 43 13.4% 90 34 37.8% Obetz (Corp.) 26 9 34.6% 10 5 50.0% Olentangy Local School District 742 72 9.7% 193 49 25.4% Pataskala (Corp.) 100 24 24.0% 27 12 44.4% Pickerington (Corp.) 145 33 22.8% 51 19 37.3% Pickerington Local School District 311 59 19.0% 98 33 33.7% Powell (Corp.) 111 11 9.9% 28 3 10.7% Reynoldsburg City School District 302 87 28.8% 77 48 62.3% Riverlea (Corp.) 5 0 0.0% 0 0 -- Shawnee Hills (Corp.) 8 2 25.0% 2 0 0.0% South-Western City School District (Grove City) 932 234 25.1% 236 143 60.6% Sunbury (Corp.) 31 7 22.6% 16 2 12.5% Upper Arlington City School District 258 9 3.5% 72 5 6.9% Valleyview (Corp.) 3 2 66.7% 2 1 50.0% Washington Court House City School District 58 13 22.4% 16 5 31.3% Jefferson Local School District (West Jefferson) 54 6 11.1% 10 5 50.0% Westerville (Corp.) 201 21 10.4% 76 18 23.7% Westerville City School District 568 93 16.4% 184 68 37.0% Whitehall (Corp.) 65 28 43.1% 19 11 57.9% Worthington (Corp.) 105 4 3.8% 42 8 19.0% Worthington City School District 376 31 8.2% 108 33 30.6% *TOTAL represents all traditional and lender-mediated activity. **SHARE represents the market share of lender-mediated sales for each area. All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 6
Median Sales Price by Area Lender-Mediated Traditional Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / ENTIRE MLS $77,721 $65,900-15.2% $145,000 $160,000 + 10.3% COUNTIES Champaign County $61,000 $54,500-10.7% $134,000 $97,000-27.6% Clark County $0 $26,000 -- $104,900 $125,000 + 19.2% Delaware County $190,000 $173,250-8.8% $240,000 $242,500 + 1.0% Fairfield County $115,987 $98,000-15.5% $145,000 $152,000 + 4.8% Fayette County $31,800 $25,000-21.4% $93,950 $89,000-5.3% Franklin County $73,000 $57,950-20.6% $142,250 $159,800 + 12.3% Hocking County $52,255 $76,000 + 45.4% $137,500 $125,420-8.8% Knox County $49,000 $43,400-11.4% $115,450 $103,250-10.6% Licking County $89,750 $99,900 + 11.3% $138,900 $130,000-6.4% Logan County $27,300 $57,900 + 112.1% $97,000 $180,000 + 85.6% Madison County $40,625 $57,555 + 41.7% $125,000 $133,000 + 6.4% Marion County $18,500 $27,000 + 45.9% $38,750 $79,000 + 103.9% Morrow County $50,000 $61,450 + 22.9% $82,800 $67,450-18.5% Muskingham County $0 $72,000 -- $54,250 $31,000-42.9% Perry County $115,000 $40,000-65.2% $110,500 $82,500-25.3% Pickaway County $110,589 $90,000-18.6% $126,700 $118,000-6.9% Ross County $64,500 $40,000-38.0% $77,500 $91,900 + 18.6% Union County $127,600 $120,000-6.0% $168,000 $170,000 + 1.2% COMMUNITIES/SCHOOL DISTRICTS Beechwold / Clintonville $472,000 $135,250-71.3% $186,250 $188,000 + 0.9% Bexley (Corp.) $188,750 $174,000-7.8% $179,900 $210,000 + 16.7% Blacklick (43004) $117,500 $110,000-6.4% $164,593 $165,966 + 0.8% Canal Winchester City School District $125,217 $94,900-24.2% $136,000 $162,500 + 19.5% Circleville City School District $38,000 $74,950 + 97.2% $124,350 $110,000-11.5% Columbus (Corp.) $66,250 $51,900-21.7% $125,000 $135,190 + 8.2% Columbus City School District $36,000 $28,500-20.8% $103,250 $122,000 + 18.2% Delaware City School District $135,000 $122,800-9.0% $136,750 $142,400 + 4.1% Downtown Columbus (43215) $167,000 $146,500-12.3% $257,950 $160,250-37.9% Dublin (Corp.) $250,000 $328,500 + 31.4% $259,150 $307,450 + 18.6% Dublin City School District $200,001 $183,813-8.1% $222,500 $256,621 + 15.3% Gahanna (Corp.) $109,900 $114,300 + 4.0% $200,500 $224,200 + 11.8% Gahanna Jefferson City School District $132,500 $123,000-7.2% $200,500 $217,500 + 8.5% German Village $0 $152,500 -- $269,500 $267,500-0.7% Grandview Heights (Corp.) $225,000 $118,000-47.6% $229,750 $222,500-3.2% Granville Exempted Village School District $185,000 $329,500 + 78.1% $225,000 $243,000 + 8.0% Groveport Madison Local School District $60,500 $53,150-12.1% $91,000 $89,950-1.2% Hamilton Local School District $74,500 $57,000-23.5% $75,500 $122,500 + 62.3% Hilliard (Corp.) $181,950 $137,500-24.4% $180,000 $166,250-7.6% Communities/School Districts continued on page 8 All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 7
Median Sales Price by Area Lender-Mediated Traditional COMMUNITIES/SCHOOL DISTRICTS Cont. from page 7 Q1 2010 Q1 2011 + / Q1 2010 Q1 2011 + / Hilliard City School District $123,200 $134,000 + 8.8% $161,750 $159,900-1.1% Jonathan Alder Local School District (Plain City) $150,000 $121,000-19.3% $193,000 $226,000 + 17.1% Lancaster City School District $42,500 $52,500 + 23.5% $99,000 $111,500 + 12.6% Lithopolis (Corp.) $0 $113,000 -- $125,000 $126,965 + 1.6% London City School District $37,150 $56,278 + 51.5% $118,250 $133,000 + 12.5% Marble Cliff (Corp.) $0 $0 -- $610,000 $297,500-51.2% Marysville Exempted Village City School District $130,000 $121,988-6.2% $158,000 $162,660 + 2.9% Minerva Park (Corp.) $0 $125,101 -- $148,000 $166,000 + 12.2% New Albany (Corp.) $385,000 $284,100-26.2% $382,500 $420,185 + 9.9% New Albany Plain Local School District $196,900 $150,000-23.8% $340,000 $320,500-5.7% Newark City School District $48,000 $40,250-16.1% $97,500 $105,250 + 7.9% Obetz (Corp.) $81,700 $26,000-68.2% $98,000 $117,000 + 19.4% Olentangy Local School District $255,000 $195,950-23.2% $274,500 $270,750-1.4% Pataskala (Corp.) $85,000 $116,400 + 36.9% $142,950 $142,800-0.1% Pickerington (Corp.) $141,450 $128,900-8.9% $176,000 $190,015 + 8.0% Pickerington Local School District $138,500 $117,000-15.5% $174,900 $179,900 + 2.9% Powell (Corp.) $320,000 $194,500-39.2% $296,895 $305,000 + 2.7% Reynoldsburg City School District $109,000 $73,700-32.4% $130,500 $120,000-8.0% Riverlea (Corp.) $0 $0 -- $275,000 $0-100.0% Shawnee Hills (Corp.) $0 $0 -- $0 $186,250 -- South-Western City School District (Grove City) $83,500 $69,250-17.1% $121,500 $138,000 + 13.6% Sunbury (Corp.) $112,900 $97,950-13.2% $143,950 $197,450 + 37.2% Upper Arlington City School District $290,000 $114,000-60.7% $292,043 $240,000-17.8% Valleyview (Corp.) $0 $59,900 -- $90,500 $89,900-0.7% Washington Court House City School District $25,500 $23,750-6.9% $89,000 $65,500-26.4% Jefferson Local School District (West Jefferson) $40,625 $57,000 + 40.3% $128,000 $500,000 + 290.6% Westerville (Corp.) $186,551 $163,000-12.6% $208,378 $175,500-15.8% Westerville City School District $110,075 $106,250-3.5% $195,000 $178,000-8.7% Whitehall (Corp.) $40,000 $40,100 + 0.2% $50,000 $71,500 + 43.0% Worthington (Corp.) $312,250 $140,000-55.2% $213,000 $212,000-0.5% Worthington City School District $155,000 $108,490-30.0% $180,000 $183,000 + 1.7% All data comes from the Columbus Board of REALTORS MLS. Powered by 10K Research and Marketing. Click for Cover Page 8