Valley Housing Sales Increase 6.5% in 2013
YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in 2013 was up 6.5% from a year earlier. At the same time, the average sale price for the year was down from 2012 in two of the three counties, annual data from the Youngstown Columbiana Association of Realtors show.
Combined sales for the three counties in 2013 totaled 4,912 houses, up from the 4,613 units sold in 2012.
In Columbiana County, the average annual sale price in 2013 was $92,579, up markedly from 2012’s $84,447. In Mahoning County, the average annual sale price in 2013 was $97,017, down slightly from $98,827 a year earlier. Trumbull’s annual average sale price slipped to $84,882 last year from $86,253 in 2012.
In Mahoning County, annual housing sales totaled $229.6 million in 2013; Trumbull County’s sales reached $151.3 million; and Columbiana County posted sales of $70.6 million.
In December. Mahoning’s sales were on par with November and December 2012 numbers. In December, 176 houses were sold in the county, just over November’s 174 and December 2012’s 173. In Trumbull County, 151 units were sold last month, down from November’s 163 but up from the 118 recorded sold in December 2012. In Columbiana County, unit sales declined to 47 in December from 58 in November and from 61 in December 2012.
December’s dollar volume was down from November in all three counties. In Mahoning County, housing sales totaled $15.9 million, down from $16.3 million a year earlier and more modestly from just under $16 million in November. In Trumbull County, sales in December totaled $12.1 million, down slightly from $12.8 million the month before but up from $10.9 million in December 2012. In Columbiana County, sales for December reached $4.8 million, down from $5.1 million a year earlier and from $5.5 million in November.
In Columbiana County, the average sale price in December was $102,120, up from $94,149 in November and from December 2012’s $83,061. The average sale price in Mahoning County for December was $90,153, down from $94,439 a year earlier and more modestly from November’s $91,923. In Trumbull County, the average sale price in December was $80,428, up from November’s $78,715 although down from last December’s average, $89,667.
Sale prices in Mahoning County ranged from $2,000 to $445,000 in December, and from $800 to $1.05 million for all of 2013. In Trumbull County, the price range was $2,500 to $353,000 for December and $750 to $640,000 for the year. In Columbiana County, sale prices ranged between $11,500 and $420,000 in December and between $4,950 and $535,000 for the year.
Copyright 2014 The Business Journal, Youngstown, Ohio.
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