Central Ohio 'Neighborhood Prices Slide'

An article about Columbus making PMI's list of one of the 10 Least Risky markets in the US caught my eye.

A Sunday July 29, 2007 Columbus Dispatch article entitled "Housing market seen as stable"  subtitled "Central Ohio's history makes huge price drop unlikely, analysts say"  said:

"Even so, all neighborhoods are not equal. Some pockets of central Ohio, such as Clintonville, Upper Arlington and Powell, saw swift price increases during the earlier part of this decade and have since watched prices slide."

That paragraph puzzled me.  Problems in the  Clintonville, Upper Arlington and Powell neighborhoods? Prices slid? Oh my!  "Slid" is a weird word if you think about it.  

"watched prices slide"

Did the Columbus Dispatch mean "prices slide" in the housing bubble sense that what goes up must come down?  Or did it mean Clintonville, Powell and Upper Arlington areas were affected by the market just like the rest of Central Ohio? I was especially concerned if Clintonville and Upper Arlington, areas inside 270 had "sliding prices" so I looked to see if I could find evidence of "sliding prices" in Clintonville and Upper Arlington first.

To me a slide in prices would look like a slide on a playground.  A slide in prices on a graph would look like a playground slide with the top of the slide on the left side and the bottom of the slide on the right side of the page... 

In some of the graphs (for the three neighborhoods with sliding prices according to the Columbus Dispatch article) I see more swing and less slide... but what do I know?

Clintonville Prices

Upper Arlington Prices

Still to write?  Powell Prices... Powell is outside 270.  Powell has lots of building still.  Powell is pretty different than Upper Arlington or Clintonville. I have a listing in Powell.  I have a past client in Liberty Township (Powell address)  clamoring for a CMA on his over improved home.    Powell prices sliding will definitely be harder for me to write...maybe I won't write it... maybe I will stick my head in the sand...  

Neighborhood

What is a neighborhood?  Powell and Upper Arlington are both cities. They are Columbus  suburbs and certainly part of the Greater Columbus area. There are pockets in the Clintonville area and certainly neighborhoods and pockets within the cities of Upper Arlington and Powell.   

PMI started it all by recognizing Columbus as a safe place to buy a home now.  Columbus is on the list of 10 Least Risky Markets - 2007 

Bill Evans President of Real Living HER is one of the local experts quoted in the Columbus Dispatch article "Housing market seen as stable"  subtitled "Central Ohio's history makes huge price drop unlikely, analysts say"

Disclaimer those are Westerville and Minerva Park slides and swings in the photos, not Clintonville, Upper Arlington or Powell slides and swings. I am sure Clintonville, Upper Arlington and Powell all have lovely swings and slides as well. I just happen to have photos of NE Central Ohio slides and swings....

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Maureen McCabe, Real Living HER, 614-825-8842