$112K TO $400K IN 27 Years

Long-Arc Market — Dave’s career arc: 1998 Columbus average sale price was $112K, now near $400K. He pivots to why the 1% commission model saves real money on today’s prices.

#SellFor1Percent #ColumbusRealEstate #ColumbusOhio #HomeSellingTips

Full Transcript

Columbus and that’s putting pressure on inventory levels You know those people are buying houses or they’re you know it seems like every corner you know they’re putting up three and four story apartment buildings And I don’t think they’re having any trouble renting those places So I think real estate’s good Um you and I talked about this the other day Jay that um you know when I got into the business 27 years ago real estate was good and you know average sales price was like 112 000 Um I don’t know if you can look real quick but I think average sales price now is right at 400 000 And what year was that 1998 Um and the average you know uh commission check is way up which is what you know our sell for 1 you know concept is that yeah housing has gone way up but most still want to charge 6 And so you know it’s a big difference from 2012 at the bottom of the foreclosure crisis when the average home sale in Columbus had dropped to 155 157 000 I think was the number And now it’s close to 400 000 and our average sales price is higher than that because people like the concept of saving money when selling their home So you know uh we have a of seven 800 million homes you know in our inventory right now uh because you’re talking about as my as my dad used to say now you’re talking about real money You know you save two 3 on a million bucks That’s 20 30 000 I just closed a house over in Granville million dollars And those people saved you know 30 000 in commissions Um that’s real money Even three or 4 000 you know on a 200 000 house you’re going to save at least six maybe more And so that’s real money.