Million-dollar home sales in Columbus area hit high in 2020
Central Ohio’s record real-estate year of 2020 reached extraordinary heights, with more million-dollar homes selling than ever before.
During the year, 217 central Ohio homes sold for at least $1 million (as of Dec. 28), up from 151 the previous year and 117 in 2018, according to Columbus Realtors data.
Even more remarkable, 63 of those homes fetched at least $1.5 million, more than twice the number of the previous year, according to the Vutech & Ruff HER Realtors agency.
“The luxury market is the strongest I have ever seen it in my almost 35 years as a Realtor,” said Marilyn Vutech, a partner in the German Village firm.
Like the rest of the housing market, the luxury market benefited from incredibly low interest rates and demand for bigger and better homes from families stuck in a house since March. High-end homes got added fuel from some out-of-town buyers, according to agents.
“During the pandemic, homes became a huge focal point,” said Annie Means, a partner with Terri Webb in the Means/Webb Team of Street Sotheby’s International Realty.
“Buyers were looking for a haven, a place for security and comfort. Terri and I saw an increase in activity from clients coming in from New York and California. Our high-end listings attracted several buyers, resulting in multiple offers, which historically is not the norm in the higher-end market.”
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