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Average Sale Prices vs. Asking prices for Central Ohio

Posted by Mike Parsons
August 10, 2006 at 08:15 PM

Need help negotiating? Ever wonder what the average sale price vs. list price ratio is? I will list the average percentage of the asking price that sellers are getting in 2006 and compare it to 2005 for each central ohio community.

Downtown condos, lofts and homes.
Keep in mind these figures may be skewed and lean toward a higher percentage than is actual for resale due to many of the brand new projects registering sales with non-negotiable sale prices as well as sale prices over asking price for buyers choosing upgrades before closing.
2005 Sales Price/List Price= 96.2%
2006 Sales Price/List Price= 98.15%

Columbus City/Wothington and Dublin Schools Hard Road/Sawmill area
2005 Sales Price/List Price= 98.66%
2006 Sales Price/List Price= 98.03%

Columbus-South of Bethel Rd/East of 315/North of 5th Ave
2005 Sales Price/List Price= 97.78%
2006 Sales Price/List Price= 96.79%

Columbus-Worthington Schools in the Worthington Galena/Park Rd. area
2005 Sales Price/List Price= 98.8%
2006 Sales Price/List Price= 97.63%

Clintonville
2005 Sales Price/List Price= 98.25%
2006 Sales Price/List Price= 97.2%

Bexley
2005 Sales Price/List Price= 96.1%
2006 Sales Price/List Price= 95%

Lewis Center/Southern Delaware County
2005 Sales Price/List Price= 97.75%
2006 Sales Price/List Price= 96.91%

Dublin
Higher than list price sale prices in 2006 are probably explained by many new builds where the buyer will choose upgrades that inflate the sales price over list price.
2005 Sales Price/List Price= 98.21%
2006 Sales Price/List Price= 101.13%

Gahanna
2005 Sales Price/List Price= 98.43%
2006 Sales Price/List Price= 98%

Grove City
2005 Sales Price/List Price= 97.5%
2006 Sales Price/List Price= 96.5%

Grandview
2005 Sales Price/List Price= 97.37%
2006 Sales Price/List Price= 93.77%

Groveport
2005 Sales Price/List Price= 95.92%
2006 Sales Price/List Price= 94.10%

Hilliard
2005 Sales Price/List Price= 98.4%
2006 Sales Price/List Price= 97.79%

Minerva Park
2005 Sales Price/List Price= 96.94%
2006 Sales Price/List Price= 97.48%

New Albany
2005 Sales Price/List Price= 96.21%
2006 Sales Price/List Price= 96.77%

Powell
2006 figures are explained by much new building in Powell with non-negotiable prices and buyers purchasing homes above list price after upgrades.
2005 Sales Price/List Price= 97.49%
2006 Sales Price/List Price= 99.47%

Sunbury
2005 Sales Price/List Price= 99.33%
2006 Sales Price/List Price= 83.40%

Upper Arlington
2005 Sales Price/List Price= 95.75%
2006 Sales Price/List Price= 96.49%

Westerville
2005 Sales Price/List Price= 98.01%
2006 Sales Price/List Price= 98.03%

Worthington
2005 Sales Price/List Price= 96.73%
2006 Sales Price/List Price= 94.68%

ALL OF GREATER COLUMBUS AVG.
2005 Sales Price/List Price= 97.55%
2006 Sales Price/List Price= 96.69%


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