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Number of houses for sale in GV

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Started 4 years ago by honavery
Latest reply from Coremodels

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honavery
Arizona
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Has anyone noticed how many houses/townhouses are for sale in German Village? I was walking down City Park/Whittier the other day, and it seems like every other house on both sides of the street is for sale. Does this seem good or bad? I don't really know enough about real estate, etc. to make a comment on it.

Posted 4 years ago #
davescarpetti
C'ville
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I bought and sold a house last November and I thought the market was glutted with homes then. Looking back, I think we had it easy (6 weeks to sell). There's tons more available all over, not just in German Village. I drive through Clintonville, University District and Worthington every day to drop off my kid at daycare and there's TONS of properties for sale.
The housing market just hasn't tanked yet I'm afraid.

Posted 4 years ago #
Coremodels
Really close to Explorer's Club.
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GV has always been weird though, because it takes such a specific buyer.
Two friends I have right now:
1. Put his house on Thurman on the market for 375, offered 370 within 48 hours.
2. Put his house on Deschler on the market for 280...almost 18 months ago.
I've heard a LOT of people in the GV real estate market (Ned Merkle, few agents, etc.) that the 350-650'ish market is still crushing, but under or over is stagnant as hell. Part of me has to wonder if people aren't saying "hmmm...I can have this 1850 sq. ft. for 285k in GV...or I can have this 2300 sq. ft. for 185k 5 blocks south" and MV is winning every time.

Posted 4 years ago #
FADulous
Columbus
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If you want my opin, German Village is in need of a few things to spice it up a bit:
1) GV desparately needs the brewery district/high street to come back on line. GV'ers should feel pretty good about the Whittier Peninsula Park and Grange expansion, because maybe it means more commercial growth in the struggling Brewery District. There are a few bright spots, like Gresso's (new bar/restaurant just south of Whittier on High), the new Kroger Marketplace and the addition of some apartment space.
2) GV needs a streetscape spruce up in a big way. I always hear "what a cute little village" but man alive, GV has a serious sidewalk and overhead power line problem, probably the worst in the city. Brick sidewalks uncared for and overgrown with weeds (Can't the GV Society issue citations or something?), cable companies running lines here and there (and there), etc. Telephone poles next to telephone poles- a total mess. About fifteen years back there was apparently a plan to bury it all and assess a special improvement district tax, but it never happenned. That would make a -huge- difference in my opin, with much better return than the GV Society's pet project of returning third street to brick, a year after it was repaved....
3) GV needs the foresight and vision to accept a little "new." Getting a mojoe lounge was a fight. C'mon folks-- if you really think parking ANYWHERE in GV is a problem, I want to send you on a week long vacation without a parking space anywhere within a mile radius of Wrigley Field... or more local, the short north. We can use a few more honkytonks, funky restaurants, etc. The streetcars will be good news for the city....
4) GV, like all urban neighborhoods needs a better police bicycle patrol program, and more organization in terms of neighborhood 'block watching.' There is a lot of really petty crime that can be thwarted with some simple (and not cost prohibitive) measures for the 15th largest city in the nation.

Posted 4 years ago #
joshua
Columbus
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GV seems to be more a transient population, one that moves frequently, and in certain parts of the USA the realestate market is crashing. Fortunately, Columbus appears to be more slow and steady, but, perhaps maybe we are even seeing the mortgage crisis and speculation effects taking their toll. I wonder if may people who would have normally considered a GV home, moved into one of the hundreds of new condo's that have been built recently? In any even a good time to buy if you are in need.

Posted 4 years ago #
dnm
Merion Village
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Coremodels wrote Part of me has to wonder if people aren't saying "hmmm...I can have this 1850 sq. ft. for 285k in GV...or I can have this 2300 sq. ft. for 185k 5 blocks south" and MV is winning every time.
Thats what was going through my mind. I like the charm of GV, but I also like having money left over at the end of the month:)

Posted 4 years ago #
Brewmaster
Portland, OR
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FADulous wrote 1) GV desparately needs the brewery district/high street to come back on line. GV'ers should feel pretty good about the Whittier Peninsula Park and Grange expansion, because maybe it means more commercial growth in the struggling Brewery District. There are a few bright spots, like Gresso's (new bar/restaurant just south of Whittier on High), the new Kroger Marketplace and the addition of some apartment space.
I'm obviously biased, but I don't agree with your diagnosis that the BD is "struggling". Maybe I'm too sensitive with people saying that, but it always seems to strike a nerve. Maybe the High St. corridor could use a little sprucing up, but I wouldn't call it struggling either.
If you mean that the BD is struggling from a nightlife perspective, I'll agree, and I don't think that's a bad thing. It'll probably never be a nightlife spot again. Many of the clubs have been converted to office space, and the residential population is a little too large to deal with the headaches that being a "nightlife" hotspot comes with. The remaining bars/restaurants are interspersed with offices, residences, and shops providing a nice mix.
IMO...and like I said, I'm biased...the BD might be the best example of a dense, mixed-use neighborhood in the city.

Posted 4 years ago #
ddavis
Westgate
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There are TONS of houses for sale all over Columbus. I don't remember seeing as many houses for sale just last year when I purchased.
I think with ARMs resetting and mortgage rates going up along with all the turmoil in the mortgage industry, it is definitely a buyer's market.

Posted 4 years ago #
Coremodels
Really close to Explorer's Club.
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I just talked to a friend this morning who's a well known interior designer. Bought a house on Gates just past Parsons (like by 100 feet) for 30k...put another 30k into renovating it and designing/decorating it just like she would a GV home (which she did almost 20 of last year). It's now a 2300 sq. ft., 3 story home, re-designed and remodeled by a professional, and listing for 109,900.
If anything is depleting the 250k house market in GV, it's this if you ask me. It's hard to spend 250-300k for not much house inside the GV limits when you can go a little bit riskier, but get an insane amount more home 8 blocks away for just over 100k. Also, that whole area is being city tagged requiring renovations and dealing with all abandoned homes now and is going to continue to upscale dramatically over the next couple years.

Posted 4 years ago #
FADulous
Columbus
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Brewmaster--
love the Brewery District too- and I think I am just talking about the recent history of openings/closings in the area (including High Street) that has reduced its overall activity level. I agree it doesn't need more beer- by-the-bucket joints but if a few more restaurants opened up in the area you would have an entertainment district serving downtown, BD, and GV/Shumacher/Merion that would be an alternative to the Arena District/Short North.

Posted 4 years ago #
Coremodels
Really close to Explorer's Club.
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Don't worry FAD, I think the success of MoJoe and Pistachio will be a boon to the area and maybe inspire people to open the right kind of spots to succeed in the area.
Front and High don't seem to be able to get over the Banana Joe, Major Woody, Victory scene that keep popping up though. I'd kill for a reopening of Barrister's and spots like that.

Posted 4 years ago #