September 09 E-Newsletter

New Albany Market Update – YTD Through 8/31

Unlike July where unit sales TY/LY were equal, August saw home sales in New Albany, Ohio fall by 20% over the same time last year. However, with current inventory level of homes for sale down 15%, there isn’t a big surplus of homes for sale. Some neighborhoods such as the Hampsted communities have such low inventory levels, that their market is shifting from a “buyers” to a “sellers” market. Other markets, such as NACC homes over $1million, are struggling with a 34 month supply of homes at the current rate of sale.

No matter what your neighborhood, a home in a great location, properly staged, and priced with the current market, will sell. For more information on how your home or neighborhood fits into the current market place, please call Kate or Tony.


Neighborhood

Active

Listings

In

Contract

Sold Aug '09

Sold '09 YTD

Sold '08 YTD

Ave

$/Sq Ft

Ave

DOM

The Preserve

9

8

1

14

19

$104

100

Albany Park

5

3

1

5

7

$ 106

125

Windsor

6

2

0

4

5

$106

166

Hampsted

19

1

9

24

37

$112

123

NA Links

29

3

6

27

21

$116

166

New – College*

17

2

0

0

4

---

---

NACC < $1M**

62

14

4

45

46

$158

164

NACC > $1 million

30

1

1

7

14

$206

305

Total Plain Local

School District

244

50

24

154

205

$140

145

*Includes Tidewater, Saunton, Enclave, & Wentworth

**Includes NACC and The Reserve

Questions? Just Ask!


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