In today's real estate market, many property owners across the United States are seeking out information about the current value of their real estate investments, the condition of the market and what is in store for the future of real estate.

In today's real estate market, many property owners across the United States are seeking out information about the current value of their real estate investments, the condition of the market and what is in store for the future of real estate.

In regard to the need for information and the questions being asked, the residential property owners in Upper Arlington are no different. What is different in Upper Arlington are the answers to those real estate questions. The phrase "real estate is local" should reference Upper Arlington as the lead example.

Recently, I had the pleasure of discussing the state of the Upper Arlington real estate market on WUAR Radio with Mike Holman of WUAR Radio and Becky Hajost of the Upper Arlington Area Chamber of Commerce. Timing could not have been better because the Northwest Area Realty Association had just completed our monthly real estate analysis for the surrounding areas and Upper Arlington.

The analysis only includes residential properties listed in the Columbus Board of Realtors Multiple Listing Service (MLS),
I may have surprised both Mike and Becky when I told them "the state of the Upper Arlington real estate market is strong and stable." In fact, Upper Arlington has weathered the real estate storm quite nicely and continues to maintain forward progress even in a tough real estate market.

Upper Arlington's "Sold" volume is up over 10 percent (app-roximately 15 units) compared to the same time period in 2008. This may be the highest percentage of volume growth to date for all areas tracked at the Columbus Board of Realtors.

The current average sales price is $307,048 compared to $296,454 at this time last year. This is approximately a 3.5 percent increase at the front end of the spring and summer selling season.

The Upper Arlington "in contract" pipeline is healthy, with over 96 properties pending. There are 270 properties listed for sale as "active" (not having a contract pending), of which 203 are listed as single-family homes and 67 as condominiums. The price range for the inventory listed as "active" is between $67,500 and $1,900,000.

Upper Arlington's strong real estate market benefits the homeowner and local businesses.
Homeowners who are comfortable with their local real estate market are more willing to spend money on remodeling, updates and maintenance. It is a known fact that adhering to a schedule of maintenance and updates will increase the chance for appreciation over time.

The business community is benefiting, as well. The network of service providers and affiliated businesses that surround the real estate industry is tremendous. Upper Arlington's strong real estate market feeds this network of professionals with new business and opportunities every day.

This is great news at a time when there is concern about the residential real estate market. The month of April was active and May is shaping up to be even better.

It's true. Upper Arlington's real estate market and business community is strong and stable.
Live, Work and Play in U.A.

Doug Ryan is the 2009 President of the Northwest Area Realty Association and Broker of Douglas Real Estate Inc. Doug has been in the real estate brokerage business for over 16 years and is a member of the Upper Arlington Area Chamber of Commerce, National Association of Realtors, Ohio Association of Realtors, Columbus Board of Realtors, Real Estate Buyer's Agency Council and holds designations as an Accredited Buyer Representative and Seniors Real Estate Specialist.

Note: All of the statistics provided in this article have been derived from the Columbus Board of Realtors Multiple Listing Service (MLS), unless otherwise stated.