Revitalized Fairgrounds neighborhood hails recent gains

450 new jobs could come to Springfield airport
10:21 p.m.
Dayton chamber plans June visit to Cuba
7:44 p.m.
Senators back area in fight against subsidized imports
7:38 p.m.
GE Capital executive speaking Friday at Dayton Chamber breakfast
11:14 a.m.
Express clothing store closes in Mall at Fairfield Commons
8:05 p.m.
> More headlines

By Tim Tresslar, Staff Writer Updated 10:15 PM Saturday, January 23, 2010

DAYTON — While a ribbon-cutting ceremony on Friday, Jan. 22, recognized the addition of an energy-efficient and environmentally sustainable home to Dayton’s Fairgounds neighborhood, local officials also stressed the neighborhood’s other gains.

The event highlighted a home by Litehouse Development Group LLC, the first of 14 single-family homes and townhouses that the group plans to build on multiple sites in the Fairgrounds neighborhood.

Since the 1990s, Miami Valley Hospital, the University of Dayton, the city of Dayton and CityWide Development have worked together to revitalize the neighborhood. During Friday’s ceremony, Steve Budd, president of CityWide Development, said 40 blighted homes had been removed from the neighborhood and 23 new ones built in their place. Improvements made in the neighborhood also helped spur more investment on nearby Brown Street, he said.

Litehouse’s homes include such features as water-saving plumbing fixtures, a rain-harvesting system and energy-efficient windows, doors and appliances. Unibilt Industries of Vandalia builds the modular components for the homes.

Home prices increased in December

Sale prices for single-family homes seemed to rebound in December when compared to the same month a year ago, according to figures released last week by the Dayton Area Board of Realtors.

During the final month of last year, the average home price climbed 16.5 percent to $120,372 from $103,278 a year ago, the board said.

The median sales price reached $96,000, versus $80,750 a year ago, an increase of 18.9 percent. The organization reported 7,611 listings, giving it a 10.5-month supply at the current rate of sales.

On an annual basis, the average sales price for a home slipped 1.7 percent to $123,273 from $125,348, the board said. At the same time, the median sales price slipped to $105,000, from $108,000, a drop of 2.78 percent.

Staff writer Tim Tresslar covers commercial and residential real estate for Dayton Daily News. His Real Estate Notebook appears every Sunday. He can be reached at (937) 225-7317 or via e-mail at ttresslar@coxohio.com.

Share this article