August 2008 e-Newsletter

July 2008 YTD New Albany Market Update

New Albany continues to “hold its own” in this challenging real estate market. Unlike the rest of Columbus, unit sales in New Albany this year are equal to unit sales at this time last year. The total Columbus Board of Realtors Multiple Listing Service reports a 15% decline in sale of single family homes this year versus last year. While average dollars per square foot for sold homes has declined by about 6% in New Albany over last year, the average in the Columbus CBR MLS is off 8%. This truly drives home the thought that all real estate is local…even within communities in our greater metropolitan area.

We are frequently asked questions about the real estate market and how it may impact one’s home or decisions to move. If you do, please call either Tony or me to discuss it. We can provide you with accurate and realistic information with which to make good decisions.
 

 
Neighborhood

Active
Listings

In
Contract

Sold
July 08

Sold YTD
July 08

Sold YTD
July 07

Average
$/Sq.Ft

 Average
DOM  

The Preserve

22

6

1

14

27

 $     110

134

Albany Park

8

0

0

7

8

 $     107

105

Windsor

9

7

1

4

7

 $     123

107

Hampsted Village

42

5

4

31

17

 $     123

155

New Albany Links

40

5

4

18

16

 $     119

143

New Off Central College Road*

7

3

0

1

6

 $     144

193

NACC < $1 million

59

9

10

40

35

 $     155

201

NACC > $1 million

41

5

1

11

10

 $     230

295

Total Plain Local
School District

292

48

23

164

162

 $     140

165
 
*Includes Tidewater, Saunton, Enclave & Wentworth
 
This representation is based on data supplied by the Columbus Board of REALTORs or MLS YTD July 2008.  Data may not reflect all activity in the real estate market.

Questions? Just Ask!


Real Estate Website Design by Dakno Marketing.