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Meet Toledo Area Real Estate Agent Dan McCarthy
Toledo Real Estate Agent: Dan McCarthy
DAN McCARTHY, Associate Broker/ABR
Phone: (419) 843-9353
Email: danmccarthy@bex.net
Toledo Ohio Real Estate Market Update
Average price per square foot for Toledo OH was $55, an increase of 1.9% compared to the same period last year. The median sales price for homes in Toledo OH for Aug 09 to Oct 09 was $66,000 based on 994 home sales. Compared to the same period one year ago, the median home sales price increased 3.1%, or $2,000, and the number of home sales decreased 19.4%.
There are currently 1,410 resale and new homes in Toledo on Trulia, including 2,371 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Toledo OH was $108,526 for the week ending Nov 25, which represents a decrease of 0.2%, or $222, compared to the prior week. Popular neighborhoods in Toledo include Ottawa and Reynolds Corners, with average listing prices of $99,191 and $100,023.
The median sales price for homes in Toledo OH for Aug 09 to Oct 09 was $66,000. This represents an increase of 3.1%, or $2,000, compared to the prior quarter and an increase of 3.1% compared to the prior year. Sales prices have depreciated 20% over the last 5 years in Toledo.
The average listing price for Toledo homes for sale on Trulia was $108,526 for the week ending Nov 25, which represents a decline of 0.2%, or $222, compared to the prior week and an increase of 0.6%, or $628, compared to the week ending Nov 04. Average price per square foot for Toledo OH was $55, an increase of 1.9% compared to the same period last year. Popular neighborhoods in Toledo include Ottawa, Reynolds Corners, Point Place, Old West End, Franklin Park, and East Toledo.
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Welcome to Toledo Ohio
About Toledo Ohio
Named after Toledo, Spain, it is located on the western end of Lake Erie, on the Michigan border. It is the principal city in the Toledo Metropolitan Statistical Area. In the 2000 census, the city proper had a population of 313,619, fourth-largest in the state. According to the US Census, the metropolitan area had a population of 650,955, while the Combined Statistical Area had a population of 711,952. Residents of Toledo are usually referred to as Toledoans. Toledo is known as the Glass City because of its long history of innovation in all aspects of the glass industry: windows, bottles, windshields, construction materials, and glass art, of which the Toledo Museum of Art has a large collection. Several large glass companies have their origins here. Owens-Illinois, Owens Corning, Libbey Glass, Pilkington North America (formerly Libbey Owens Ford), and Therma-Tru have long been a staple of Toledo's economy. Other off-shoots and spinoffs of these companies also continue to play important roles in Toledo's economy. Fiberglass giant Johns Manville's two plants in the metro area were originally built by a subsidiary of Libbey Owens Ford. Many other companies that service the glass industry also began in Toledo, such as Toledo Engineering and Glasstech.
Toledo had also been known as "The Auto Parts Capital of the World". Several large, Fortune 500 automotive related companies had their headquarters in Toledo. Electric AutoLite, Sheller-Globe Corporation, Champion Spark Plug, Questor, and Dana Corporation are examples of large auto parts companies that began in Toledo. Only Dana Corporation is still in existence as an independent entity. The Jeep vehicle has been manufactured in Toledo since 1941 as well. Willys-Overland was a major automaker headquartered in Toledo until 1953.
The National Arbor Day Foundation has designated Toledo as a Tree City USA.
Economy
One SeaGate, the tallest building in Toledo, is the location of Fifth-Third Banks Northwest Ohio headquarters.Historically, before the industrial revolution, Toledo was a port city on the Great Lakes. But with the advent of the automobile, the city became best known for industrial manufacturing, although these industries have declined considerably in past decades. The Big Three all have factories in metropolitan Toledo, and automobile manufacturing has been important at least since Kirk began operations early in the 20th Century. The city is home to two Fortune 500 companies: Dana Corporation and Owens Corning. Another Fortune 500 company, formerly located at One SeaGate, is Owens-Illinois. O-I has recently relocated to suburban Perrysburg. One SeaGate is currently the location of Fifth-Third Banks Northwest Ohio headquarters. HCR Manor Care is an up and coming Fortune 1000 company headquartered in Toledo. Though the largest employer in Toledo was Jeep for much of the 20th century, this honor has recently gone to the University of Toledo. Manufacturing as a whole now employs fewer Toledoans than does the healthcare industry, now the city's biggest employer. In 2001, a taxpayer lawsuit was filed against Toledo that challenged the constitutionality of tax incentives it extended to DaimlerChrysler for the expansion of its Jeep plant. The case was won by the city on a technical issue after it reached the U.S. Supreme Court in DaimlerChrysler Corp. v. Cuno, 547 U.S. ___ (2006).
Toledo is home to several other large companies. Faurecia Exhaust Systems, which is a $2 billion subsidiary to France's Faurecia SA, and Pilkington North America, which is a $900 million subsidiary to Britain's Pilkington Ltd., are located in Toledo.
Toledo is the primary market city for northwest Ohio, a region of nine counties with a population in excess of one million. As such there is a high concentration of retail establishments and medical facilities in Toledo. The city's location near the intersection of I-80/I-90 and I-75 (i.e. "The Crossroads of America") has made it a popular hub location for transportation companies such as UPS and BAX Global. Toledo is also the nation's third busiest rail hub, 15th-busiest air cargo hub, and one of the busiest ports on the Great Lakes.
To promote economic development, the City of Toledo has announced that it will cover the 81 square miles (210 km2) of the city of Toledo with Wi-Fi internet access for government, business, and personal use. This will create the nation's sixth largest Wi-Fi network, and will be funded with private dollars.
Education
Colleges and universities
These higher education institutions operate campuses in Metro Toledo:
The University of Toledo
Bowling Green State University (BGSU)
Lourdes College (Sylvania)
Mercy College
Monroe County Community College (Monroe)
Owens Community College (Perrysburg/Oregon)
Stautzenberger College (Maumee)
Toledo Academy of Beauty
Toledo Professional Skills Institute
Public schools
Toledo Public Schools operates public schools within much of the city limits, along with the Washington Local School District in northern Toledo.
Private schools
Additionally, several private and parochial primary and secondary schools are present within the Toledo area. The Roman Catholic Diocese of Toledo operates Roman Catholic primary and secondary schools.
Private high schools in Toledo include Maumee Valley Country Day School, Central Catholic High School, St. Francis de Sales High School, St. John's Jesuit High School and Academy, Notre Dame Academy, St. Ursula Academy (Ottawa Hills), Cardinal Stritch High School (Oregon), the Toledo Islamic Academy, Freedom Christian Academy, Toledo Christian Schools, Emmanuel Christian, the David S. Stone Hebrew Academy (Sylvania),Apostolic Christian Academy and Toledo School for the Arts.
Sites of interest
The Toledo Museum of Art is an internationally-acclaimed museum located in a Greek Revival building. The Center for Visual Arts addition by Frank Gehry was added in the recent past and the Museum's new Glass Pavilion across Monroe Street opened in August 2006.
Toledo Zoo pedestrian bridgeThe Toledo Zoo - consistently rated as one of the nation's ten best - was the first zoo to feature a hippoquarium-style exhibit. The Toledo Zoo was also one of three finalists to be in the computer game Zoo Tycoon.
The Willis B Boyer is a former Cleveland-Cliffs lake freighter open to the public as a museum, located at International Park, across from downtown Toledo along the Maumee River.
The R. A. Stranahan Arboretum is a 47 acre arboretum maintained by the University of Toledo.
The Old West End is a historic neighborhood of Victorian, Arts & Crafts, and other Edwardian style houses recognized by the National Register of Historic Places.
The Mansion View Inn, also known as the Reynolds-Secor home, built in 1887, was home to several prominent and wealthy Toledo families. It is listed on the Department of Interior’s National Historic Register.
The world famous Tony Packo's Cafe is located in the Hungarian neighborhood on the east side of Toledo known as Birmingham, and features hot dog buns signed by celebrities.
The Veterans' Glass City SkywayThe Veterans' Glass City Skyway over the Maumee River on Interstate 280, just north-east of downtown Toledo. This 400-foot (120 m) tall bridge includes a glass covered pylon, which lights up at night, adding a distinctive feature to Toledo's skyline.
The Anthony Wayne Bridge, a 3,215-foot (980 m) suspension bridge crossing the Maumee River, has been a staple of Toledo's skyline for more than 70 years.
The Toledo Metroparks which includes the University/Parks Trail and the Toledo Botanical Garden.
Martin Luther King, Jr. Plaza was built as Central Union Terminal by the New York Central Railroad in 1950 and currently serves as the city's Amtrak station.
Fifth Third Field, home of the Toledo Mud Hens Baseball Club, was selected as one of the best Minor League ballparks in the USA by Newsweek magazine in 2002.
Stranahan Theater is a major concert hall located on the city's south side.
Find everything you need to buy or sell a home in The Greater Toledo Ohio area
on www.ToledoHousehunters.com including:
Toledo real estate—use Toledo Househunters to find real estate in Toledo as well real estate in other cities in Ohio. Toledo Househunters provides comprehensive real estate guides with up-to-date information about housing prices, latest Toledo real estate trends, market activity, and neighborhood information. Before buying a house in Toledo, research real estate on Toledo Househunters. Understanding the Toledo real estate market is your first step to buying a home in Toledo, Ohio. Our real estate guide gives your a valuable overview of the Toledo real estate market—find Toledo properties, sales statistics, real estate price trends, real estate market activity, comparisons of Toledo schools or Ohio schools, and general demographic information for Toledo, OH. Toledo Househunters's real estate guide combines a Toledo map with a detailed list of Toledo neighborhoods, ZIP codes, and nearby cities to help kick-start your search for a home in Toledo.
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