Here’s a quick update on the status of HUD listings in Central Ohio. The total number of HUD Homes in Columbus has dropped to 164 – the lowest level since the beginning of the year.

74% of HUD homes are in Franklin County, the other 26% in the 6 surrounding counties. While these counties maintained their number of listings, Franklin County lost more then 40 HUD homes over the past month. Detailed statistics are at the end of this post.

Great deals can be found outside of Columbus! Just take a look at today’s featured HUD home in Newark.

FEATURED HOME

This charming Newark home is located near the University Campus. It has been recently remodeled and is in very good condition. The repair escrow was established to put a new roof on the garage and repair the kitchen sink.

829 Granville Rd, Newark, OH
Asking Price: $65,000

Comparable Sales: $85,000
Year Built: 1928
Sq Footage: 1,568

Bedrooms: 3
Bathrooms 1/0

Category: Insured w/Escrow
Repairs: $2,420
Schools: Newark

Deadline: 5/22/11
Eligible: owner occupants

HUD Listings per County

Franklin County: 122 (74%)
Delaware County: 4
Licking County: 12
Fairfield County: 8
Pickaway County: 6
Madison County: 6
Union County: 6

TOTAL Number of Central Ohio HUD Listings: 164 (209 at mid-April 2011)

This will be a great weekend for HUD Homes shopping. We have a record number of new HUD listings. Best of all, most of the new listings are in the suburbs. As usual, Grove City is leading the pack, closely followed by 6 new Columbus houses in the Newark area.
 
The most expensive home of this week is at 471 Highbanks Valley Dr in Newark (near Granville). It is listed for $187,000 and comes with 2,254 of living space, 4 bedrooms and was built in 2003.
 
There are only 19 relists. The price of the home at 191 W. Hiawatha Dr in Powell was reduced by $20K to $176,400.

If you are looking in the suburbs, you will find a great selection on today’s HUD Homes map. There are also new HUD houses in Hilliard, Westerville and Pataskala. 
 

Listing Statistics

Total homes available: 66 (last week: 46)

Owner occupants: 50
All bidders: 16
New listings: 31
Relisted/Price reduced: 19
 
Median Price: $75,000 (last week: $74,000)
Average Price: $78,892 (last week: $75,395)
Highest Price: $187,000
Lowest Price: $6,000
 
Homes less than $50,001: 21 (last week: 15)
Between $50,001 & $100,000: 25 (last week: 17)
More than $100,000: 20 (last week: 14)
 
Call me TODAY at 975-9650 to see the newest Columbus 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
(614) 975-9650