Columbia City’s  real estate experiencing lots of churn 

This Week:

The median list price this week in the Columbia City neighborhood  is $375,000 up from last week’s $369,975.  Demand measured by the Market Action Index (see MAI chart below) is increasing  and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.

Supply and Demand

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. .

What’s  currently for sale in the Columbia City  neighborhood. 

Price

We continue to see prices in Columbia City bouncing  around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices deviate from these levels.

Percent of properties with price decreases: 36%.

Average days-on-market: 75.

For a more accurate pricing on residential property a COMPETITIVE MARKET ANALYSIS (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.  Columbia City homes for sale, lifestyle search and real estate trends.

Living in Columbia City

Columbia City is a very eclectic neighborhood that is embraced by its residences and the businesses that have located there. The business area is filled with galleries, boutiques and a host of dining and entertaining options that fill the neighborhood with color and local flair.

Columbia City has its own unique flavor which can be seen in such events like the Dead Celebrity Custom Party or a special Valentine Day event “Dancing off the Ceiling: The music of Chet Baker” are common place in Columbia City.

A large number of residences in Columbia City are not dependent on large corporations for employment but rather choose careers in the “hidden tech” fields.  Home based businesses, entrepreneurs that are well connected to the information economy as investors, graphic artists, freelance writers, architects, telecommuters, software consultants, and other higher paying professions.