Area real estate sales on the rise

By Wayne Allen - [email protected]

Now that the sun has set on 2016, officials can now look back on the year that was. Craig DeAtley/Owner of Century 21 Empire Realty S.E. provided some insight on the year based on real estate purchases.

DeAtley said the figures are available through the Portsmouth Area Board of Realtors Multiple Listing Service that tracks sales in Scioto County. He said the data is basically tracked by school district.

He said the numbers tracked are not just Century 21, but a combination of all real estate companies in the area.

“This (data) is sales through the multiple listing service. The number I’m looking at are residential numbers, that’s not vacant land or commercial properties,” DeAtley said.

The top five communities for real estate sales is in the Clay School district area, that area saw an 11 percent increase when compared to 2015 figures. In the Valley School District area, that saw a 20 percent increase when compared to 2015 figures. The Washington-Nile School District saw an increase of 14 percent when compared to 2015 figures.

The area of Portsmouth City School District saw a 17 percent increase, when compared to 2015 figures and the area of Wheelersburg Local School District saw an increase of 45 percent, when compared to 2015 figures.

When asked what these numbers and figures indicate, DeAtley said, “the overall sales in the county are up a little over four percent (when compared to 2015 numbers). The only thing I can attribute (increased sales) to, might be people finding a more convenient to work and amenities.”

He said there are a lot of unique things each community offers.

“There was almost $11 million in sales in Portsmouth alone,” DeAtley said. “There were $13 million in sales in Wheelersburg.”

He called the amount of sales in each of the communities a good thing.

According to the Ohio Association of Realtors, the sales in November (latest data available) of 2016 was the best ever. In November the sate saw a 12.3 percent increase from the previous year.

“Activity throughout the Ohio housing market remained remarkably strong in November, as the pace of sales reached the highest rate for the month in 19 years,” said OAR President Sara Calo in a released statement. “Equally as important as the uptick in sales is the average sales price continuing to post solid monthly gains. It’s evident that consumer confidence in house sector continues to be remarkably strong.”

By Wayne Allen

[email protected]

Wayne Allen can be reached at 740-353-3101 ext. 1933 or @WayneallenPDT on Twitter

Wayne Allen can be reached at 740-353-3101 ext. 1933 or @WayneallenPDT on Twitter