New Albany Real Estate Report

New Albany Market Update – YTD Through 9/30/09

There’s no mistaking the fact we’ve seen a bursting of the housing bubble in New Albany and Greater Columbus this year. But there’s still plenty of life in our local real estate market! Here are some surprising stats to keep our property perceptions in perspective:
  1. 2009 3rd quarter unit sales in the Plain Local school district were 6% higher than 3rd quarter 2008.
  2. Despite what you hear, there is not a glut of inventory for sale in New Albany Ohio. The number of homes for sale at the end of September ’09 is 25% below what was for sale at the same time in 2008.
  3. With the exception of the new build neighborhoods off of Central College, every other neighborhood we track has fewer homes currently for sale than this time last year. Some neighborhoods, such as Hampsted Village, have fewer homes for sale than there has been in years.
With inventories as low as they are, and home sales increasing, it’s a good time to consider selling your home – especially if you’ve been putting it off because of the market. Call Kate or Tony today to talk about your home and the market in your neighborhood.


Neighborhood

Active

Listings

In

Contract

Sold Sept '09

Sold '09 YTD

Sold '08 YTD

Ave

$/Sq Ft

Ave

DOM

The Preserve

10

1

5

21

21

$104

112

Albany Park

3

-

3

9

7

$ 101

82

Windsor

6

-

1

5

7

$106

144

Hampsted

17

5

1

24

38

$112

121

NA Links

30

3

1

28

24

$117

171

New – Central College*

15

-

3

3

5

$132

350

NACC < $1M**

55

19

2

45

48

$157

175

NACC > $1 million

33

1

1

9

15

$204

205

Plain Local School District

223

35

24

181

219

$138

146

*Includes Tidewater, Saunton, Wentworth, The Enclave

**Includes NACC and The Reserve

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