May 2008 e-Newsletter

April YTD 2008 New Albany Market Update

  
Sales Results Look Good!

There are many reasons to be optimistic about the housing market, not the least of which shows year to date unit sales in New Albany are up over the same period last year. The Columbus Board of Realtors recently published a few other pieces of good news I’d like to share:

  1. Columbus will boast the nation's 8th fastest home sales rate in 2008, predicts Forbes.com and Moodys.com.
  2. Columbus was ranked the nation's 6th most stable market by Standard & Poor's.
  3. Sales in central Ohio will rise in 2008, according to the Chief Economist of the National Association of REALTORS®, Lawrence Yun. This is not expected to happen in every market.
  4. Because our housing market is "sure and steady," we may be the first region of the United States to see a significant boost in appreciation, according to the Chief Economist of the National Association of REALTORS®.
  5. The high interest rates that have characterized past recessions are nowhere in sight.
As you will see below, results vary from neighborhood to neighborhood. If you would like specific information about your neighborhood or an area outside of New Albany, just give us a call. We can also provide you with a confidential market analysis to assist you with a decision to make a move in 2008. With lots of great homes to choose from, it’s a great time to buy a home - contact us at tonyt@newalbanyrealty.com.
 
 
 
Neighborhood		 Active
Listings		 In
Contract		 Sold
April 08		 Sold YTD
Apr 08		 Sold YTD
Apr 07		 Average
$/Sq.Ft		  Average DOM
Actual/Sold  
The Preserve

30

4

1

5

9

 $     109

80/145
Albany Park

6

1

2

5

6

 $     116

64/186

Hampsted Village

36

7

4

13

6

 $     122

157/88

New Albany Links

34

8

0

7

7

 $     116

149/185

Windsor

5

4

0

1

2

 $     135

72/168

Tidewater/Enclave

8

2

0

1

2

 $     144

143/193

NACC < $1 million

68

13

3

16

12

 $     159

151/163

NACC > $1 million

42

0

3

8

6

 $     247

203/263

Total Plain Local
School District

      279

52

15

77

74

 $     134

148/144
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