More than 100 HUD homes are available in Central Ohio. The majority of these Columbus houses is in the $50K to $100K bracket.
 
The median list price has recently dropped to below $70,000. This means that half of all HUD homes are listed for less than $70,000 (median) the other half is more expensive. Below you can see how the median and average list prices of HUD homes has changed in 2009. It has been cyclical and varied between $55,000 and $80,000.

I also want to mention a few relists that may be good opportunities for investors (if they are still available on Wednesday morning). Steiner Street in Westerville is back on the market, but still listed for $130K. The 6 bedroom double on 4th Street (just south of Merion Village) is now available for $9,900. And there’s a multi-level home in the Riverbend Subdivision (southwest) relisted at a reduced price of $58,500.

Listing Statistics

Total homes available: 104 (last week: 101)

Owner occupants: 58
All bidders: 46
New listings: 28
Sunday deadline: 17
Relisted/Price reduced: 13
 
Median Price: $69,500 (last week: $69,000)
Average Price: $71,103 (last week: $71,021)
Highest: $165,000
Lowest: $6,000
 
Homes less than $50,001: 34 (last week: 32)
Between $50,001 & $100,000: 48 (last week: 47)
More than $100,000: 22 (last week: 22)

Call me TODAY at 975-9650 to take advantage of this great selection! 

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
(614) 975-9650