COLUMBUS OHIO HUD HOMES - Listings Available 4/10/09 - Median Price DOWN 20%

Columbus HUD Homes Median Price down by 20% from Last Week

This week we experienced a dramatic drop in the median listing price as well as the total number of HUD homes. The median price of Columbus HUD Homes is now at $63,000, that's almost $15K less than last week. There are only 84 HUD homes listed for sale, an all-time low.

Owner occupants are buying the nice, suburban HUD homes at record speed. Only 24 Columbus homes are available to investors at this time. If you can't bid as an owner occupant, your chances of getting a suburban HUD home are slim.

We made an important improvement to HUD Home maps. We added color codes so you can easily find properties by bidding deadlines.

New Columbus HUD home listings are always published on Fridays. There are 4 deadlines you must be aware of:

1. New listings have a bidding deadline for owner occupants of 10 days. That's midnight on Sunday a week after they were originally listed. New listings have red markers.
2. The deadline for relisted properties is midnight on the following Tuesday. Relists offer a 5 day exclusive for owner occupants. They are identified by yellow markers.
3. Homes marked in blue are exclusively available for owner occupants. They were new listing on Friday a week ago and are still available for owner occupant bidding till Sunday midnight.
4. Finally, properties for all bidders are marked in green. Bids can be submitted any time. There are no deadlines.

Listing Statistics

Total homes available: 84 (last week: 104) this is an alltime low!!

Owner occupants: 60
All bidders: 24
New listings: 15
Price reduced: 45
 
Median Price: $63,000 (last week: $77,250)
Average Price: $67,808 (last week: $80,281)
Highest Price: $192,000
Lowest Price: $4,050
 
Homes less than $50,001: 34 (last week: 33)
Between $50,001 & $100,000: 34 (last week: 40)
More than $100,000: 16 (last week: 31)
 
Don't let the few remaining HUD homes slip away!

Call me TODAY at 975-9650! 

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