HUD added 22 new listings this week. Together with last week’s 38 HUD listings, a total of 60 new HUD homes hit the market since last Friday!
What does this mean for you? As an owner occupant buyer you have a great variety of Columbus houses to choose from. At the same time the median list price of Columbus HUD homes went up to $80,000. This indicates that your selection of newer, suburban HUD homes is better than ever.
It’s good news for investors, too. A large number of new listings will result in an equally large number or relistings in the coming weeks. And that’s when you have the best chance to get a lower bid accepted.
Just recently we saw HUD accept offers as low as 75% of list price on really nice Columbus houses.
Where are the best deals for this weekend?
We will focus our attention on the southwest of Columbus. There are at least 4 new homes in Grove City. Watch for previews in the next couple of days.
For the bargain hunters I suggest Blacklick and New Albany. Our featured listings on 787 Twin Acorn Ct and 1293 Hickory Valley Dr are back on the market in Blacklick, and so is the New Albany HUD home on 5248 Mardela Drive.
Total homes available: 92 (last week: 83)
Owner occupants: 75
All bidders: 17
New listings: 22
Sunday deadline: 38
Relisted/Price reduced: 15
Median Price: $80,000 (last week: $70,000)
Average Price: $82,874 (last week: $78,225)
Homes less than $50,001: 27 (last week: 30)
Between $50,001 & $100,000: 34 (last week: 28)
More than $100,000: 31 (last week: 25)
Call me TODAY at 975-9650 to see the newest HUD Homes this weekend!
Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate