2011 Summer eNewsletter

New Albany Real Estate Stats – Mid Year 2011

New Albany Real Estate is Back!

All we can say is Wow!  Sales of New Albany real estate continues to be strong and buck the trend in Greater Columbus.  For the first half of 2011, unit sales of single family homes are up 20% over same time last year.  Unit sales in the Greater Columbus area are down 15% for the same time frame.

Will it continue?

The number of homes “in contract” at the end of June are up 50% over last year which leads me to believe that the New Albany trend will continue into the 3rd quarter.  These stats are pretty amazing considering the inventory of homes available for sale in New Albany is down 23% over this time last year.  Sustainability of the trend will depend on if we can rebuild the inventory of homes available for sale.   If you’ve been thinking about selling but have been holding back, it looks like now is the time to get into the market!   Call Kate or Tony Thomas today!

New Albany 2011 Year-to-Date Results

Neighborhood Active In Sold  Sold YTD Sold YTD Ave  Ave
  Listings Contract June'11 2011 2010 $/Sq Ft DOM
The Preserve 12 3 3 14 15 $103 86
Albany Park 6 1 4 10 2 $97 66
Windsor 3 3 0 7 5 $116 118
Hampsted  24 5 5 23 13 $115 66
NA Links 25 11 2 23 16 $113 118
New-CCollege* 8 2 2 4 4 $118 222
NACC < $1M** 48 20 11 44 39 $151 124
NACC > $1M 24 1 5 10 10 $206 154
Tot Plain Local              
School District 194 61 37 163 136 $128 112

 

 

* Includes Tidewater, Saunton, Enclave & Wentworth           ** Includes NACC & The Reserve

 

Questions? Just Ask!

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