Dayton Improvements Boosting Real Estate?
Dayton sure has undergone a lot of changes the last year or two, even programs with funding for repairs to help out eyesore properties in danger of being abandoned in some of the city's worst off neighborhoods, making houses more livable and stemming off and defeating neighborhood decline.
Dayton continues marching forward improving the area, in fact, the Dayton Rotary Club donated $100,000 to add a kayaking water feature to its park which my colleague Marty Snyder posted a while back and the $300,000 that to occupied homes another colleague of mine, Greg Hancock, wrote about.
Now, and a little less exciting perhaps, the long-awaited widening of South Main Street begins today, June 20th as reported by the Dayton Daily News. While commuters will need to take detours in their travel time considerations, as delays could be substantial for drivers who haven't pre-determined alternate routes into down town. This project's cost runs a bit over $7 million and widens the street to five lanes with a left turn lane and included the addition of lighting and new sidewalks and not expected to be complete until sometime in October 2015. Keith Steeber, the city's Chief Engineer stated lanes will not begin closing until June 30th.
Dayton OH real estate prices will continue to climb
Dayton real estate has definitely shown tremendous progress in the last few years, and projects like these are a sign that the city continues to grow and maintain positive momentum. The more attractive the city becomes, more business and tourism naturally gravitate to it. Of course, an improving jobs market also helps tremendously as consumer spending and confidence increases.
If you look back at Dayton Ohio real estate for the month of April 2014, the median price was $118,000, an $11,500 gain over April 2013's median price of $106,500, or %10.8. That's a great gain, and I'm sure there's some happy investors out there like the ones I work with. I just love the Dayton area from Kettering to Centerville and Beavercreek.
If Dayton does well, so will the Greater Dayton Metro area. Right now there are about 1,800 homes for sale in Dayton itself, and thousands of homes for sale in its popular suburbs like Springboro. If Dayton continues to improve and march forward it can have positive effects on a lot of popular Southern Ohio real estate markets.
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In speaking to both first time and other buyers along with real estate investor's news on the grapevine is positive indeed, though, the days of insane deep discounts are gone, and investors are buying, holding and renting vs. flipping, I also see sellers becoming more confident.
One thing's for sure, I love this area and it brings me a lot of pleasure to see all the positive things going on. So many have suffered for so long, and it's great to see this remarkable city beginning to thrive again.
If you're interested in Dayton Ohio real estate, for a home purchase or just want to add to your real estate investment portfolio, or even if you're just starting out and need some guidance I have more than a couple decades of making dreams reality for nice people with my skills as a Realtor.
Give me a shout!
Juanita Limes - Your Greater Dayton Area Ohio Realtor - Give me a shout for all your real estate needs,
937-776-6903 or just email me.