Monday, February 20, 2012

Delicious Real Estate ? Short North Homes for Sale and Sold ? the ...

There are 108 properties for sale in the Greater Short North.

This short north home has 3 bed, 1.5 baths, and 2670 sf.

This short north brick Italianate on West First has 3 bed, 1.5 baths, and 2670 sf. It sold $282,000 last month after 154 days on the market and a price drop of $47K from the original list price

13 more are in contract. ?Only 30 of those 108 properties, however, are single family homes. Take out the top 2 and bottom 2 of those active homes for sale in the Short North and you?ll find a median price for single a single family home at about $152.50/square foot and an average of around $355,400 for an average 2422 square foot house that has been on the market for an average 124 days.

A couple of my favorites are 25 E 1st for price/size/location (Yes, it only has 1 full bath) and 106 E Lincoln 3,154 sf 3 bed, 2.5 bath with character all over the place.

The six listings in contract, as usual, had an average days on market closer to 30 and as little as 6 days for the 3 bed, 1 bath, needs work 200 West Fourth Street ? a 1616 sq ft foreclosure on the market at $174,900 that had multiple offers.

In the last six months, 24 homes have sold in the Short North area which, for recap purposes here, includes Victorian Village, Italian Village, Harrison West and the Circles. ?Those sold homes in the Short North averaged about $$273,000 or $137/sq ft. after an average 4 months on the market. Important to note?the average and median sales price/list price was 94%.

Of note, 7 of those homes, more than 1/4 of all the homes, were 2 bedroom homes averaging $147/sf. Remember, the smaller the home, the more it costs/sq ft. ?The average 3 bedroom home in the Short North sold for about $150/sf or $282,145 for around 2000 sq ft.

Next up, an update on Short North Condos for sale and sold.

Source: http://deliciousrealestate.com/2012/02/19/short-north-homes-for-sale-and-sold-the-short-north-real-estate-update/

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