The hundreds of new apartments opening downtown often hog the limelight, but home and condo sales in the center city are brisk, and some observers believe the supply of product to purchase is not keeping up with demand.
Sellers are regularly receiving multiple offers on downtown townhomes and condos, and some condos have sold within days of being placed on the market.
“I was totally unprepared for how much interest and demand there is for downtown condo life,” said Michael Boyd, who in May received a signed offer, for the full asking price, for his condo in the Cooper Lofts just four days after listing it.
A decade ago, realtors had to persuade home-hunters that downtown was a fine place to live, close to desirable amenities and attractions, said Steve Seboldt, a realtor with Sibcy Cline Realtors, who has sold a wide range of downtown living spaces and has lived downtown for 17 years.
Today, people need no convincing.
“There is as much interest as we’ve ever had,” he said. “I used to have to sell people on downtown … People are ready and want to move downtown.”
Charles Simms Development’s first downtown housing project opened in 2011. The company is now on its sixth project, and it’s had no trouble selling higher-priced and more upscale townhomes.
Seboldt said the center city’s housing market is hot, but he would like to see more product in the $100,000 to $200,000 range to ensure that people with moderate incomes who want to live downtown are able to do so.
Here’s what you need to know about the places that are selling downtown:
Location: 200 block of East First Street
Year Completed: 2011
Number of Units: 18
Cost: One home sold for $158,000 in March 2016. Another sold for $175,000 in January 2017.
More: Homes have enclosed patios in the front and balconies that are attached to the kitchen and living areas. They also have one-car attached garages and dedicated outside parking. They are 1,331 square feet, offering two bedrooms and 2.5 baths. This was Charles Simms' first downtown housing project, which helped demonstrate that people wanted to live in the urban center.
Location: 200 block East First Street / 200 block of Ice Avenue
Year Completed: 2013
Number of homes/condos: 31
Cost: One home sold for $228,000 in February; a larger home sold for $269,000 in May.
More: Homes have balconies, one- and two-car garages, exposed ceiling trusses and interior brick walls. The developer, Charles Simms Development, says the three-level homes feature an open design that flows from the eat-in kitchen to a living-level wood deck. The homes range in size from 738 square feet to 1,327 square feet. They have one to two bedrooms and 1.5 to two baths.
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Location: 100 block of North Patterson Boulevard
Year Completed: 2010
Number of Units: 6
Cost: One home, with Patterson Boulevard frontage, sold for $224,200 in June 2016. Smaller homes are accessed on Canal Boat Court. One on Canal Boat sold for $157,500 in June 2016.
More: These colorful and ecofriendly townhomes have multiple outdoor seating areas, including balconies and rooftop patios with sweeping views of downtown. The homes were designed to be energy efficient, with solar-reflective roofing and flooring made from cork and plant resin. They have indoor garages and rainwater-collection systems.
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Location: 200 block of Ice Ave.
Year Completed: 2001
Number of homes/condos: 17
Cost: One condo sold this month for $182,000. Another condo is currently under contract for $182,000.
More: Units have tall ceilings, painted brick walls, exposed wood beams and most have hardwood. Parking in the basement.
Location: 100 block of Harries St.
Year Completed: 2003
Number of Units: 24
Cost: One condo sold for $265,000 in June. Another sold for $220,000 in March.
More: These are modern-style lofts with big windows and wood floors, and most units have balconies. Some units have multiple levels. Others, on the old end of the building, have exposed brick walls and original wooden beams.
Location: 200 block of East Second Street
Year Completed: 1986
Number of Units: 34
Cost: One home sold for $124,900 in April 2016. Another sold for $130,000 in November 2016.
More: These brick homes have enclosed courtyards in the front and parking garages.
Location: The first block of South St. Clair Street
Year Completed: 1996
Number of homes/condos: 6
Cost: One condo sold for $140,000 in April 2015, and another sold for the same amount in August 2015.
More: These condos have been described as the first "New York-style" loft project in downtown, according to the Downtown Dayton Partnership. The units have concrete columns and beams, exposed-brick walls and modern kitchens and baths. They have high ceilings and open floor plans, and tenants can use a rooftop deck.
Location: 200 block of East Sixth Street
Year Completed: 2013
Number of homes/condos: 17
Cost: One condo sold for $210,000 in May and another sold for $179,000 in May 2016.
More: Large windows and enclosed underground parking are included, and most units offer two bedrooms and two baths. There is also a three-bedroom floor plan. Spaces range from 900 to 1,500 square feet. The building is a former warehouse, and units were built around the original columns.
Location: 400 block of East First Street
Year Completed: 2004; converted into condos in 2014
Number of homes/condos: 10
Cost: One condo sold for $160,000 in September 2015, and another sold for $105,000 in May 2015
More: The condos are urban-loft style units, which were previously for rent. The lofts have sliding barn doors, exposed-brick walls and bamboo floors. The building has fenced parking, and some units overlook Fifth Third Field.
Location: 500 block of East Second St.
Year Completed: 2016
Number of homes/condos: 24
Cost: One townhome sold for $314,956 in November 2016. The same month, another home sold for $295,404.
More: These homes offer two to three bedrooms, two-car garages and 2.5 to 3.5 bathrooms. They are three stories and have 1,724 square feet of space. They have balconies that are connected to the open-designed living rooms and kitchen areas. They have open truss ceilings in areas and brick walls. Developer Charles Simms says they have urban flat parapet roof and have a landscaped mini-park.
Location: 100 block of West Monument Avenue
Year Completed: Still under construction
Number of homes/condos: 14
Cost: One townhome sold for $522,000 in January and another sold for $625,000 in February.
More: These are very large and luxurious townhomes, offering four floors, including an open-air top floor with fireplaces. The homes are built to accommodate elevators and have high-end finishes. They have two-car, heated garages, three bedrooms and 3.5 baths. They range in size from 3,227 to 3,470 square feet. The exteriors of the homes have natural stone on the first floor and brick on upper levels. They have a wood deck off of a sun room on the second floor.
Location: 109 N. Main St.
Year Completed: 2003
Number of homes/condos: 34
Cost: One condo in Performance Place sold for $230,000 in January; another sold the same month for $10,000 more ($240,000).
More: These condos have large patios with unique views of downtown and Dayton’s skyline. The building is 18 stories tall, with some floors containing offices. The building has a doorman, barbecue area, fitness center and other amenities.
Location: Fourth Street and Patterson Boulevard
Year Completed: Under construction
Number of Units: 14
Cost: Homes are listed for sale for $339,900.
More: This includes an urban, contemporary design and two car garages. There are two- and three-bedroom townhomes, with 2.5 and 3.5 baths and a private rooftop. The homes are 1,854 square feet. The exterior has brick and vertical panels.