Fall 2011 eNewsletter

New Albany Ohio Real Estate Stats – 3rd Qtr 2011 YTD


New Albany is up 25% in Unit Sales!

The numbers below make it official – unit sales in New Albany are up 25% over last year while unit sales in the entire multiple listing service are down 4% YTD.  It looks like New Albany sales are tapering off as September sales in New Albany were only equal with September last year.  However, I think the slowdown is a product of the inventory available.  The rate of sale is simply not sustainable with the number of homes currently for sale in New Albany.  While sales are up 25% this year, inventory is down about 25%.

I don’t want to sound like a broken record; however, if you have any interest in selling your home, this is a great time to do it!  Today’s buyers have seen the homes currently for sale and are waiting for something new (or a new price on existing homes) to entice them into the market.  Don’t let the lowest interest rates in recorded history pass you by.  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 YTD Recap:

Neighborhood Active
Listings
In
Contract
Sold
9/11
Sold YTD
2011
Sold YTD
2010
Ave
$/Sq Ft
Ave
DOM
The Preserve 12 5 1 21 24 $104 82
Albany Park 5 0 1 12 2 $100 62
Windsor 10 4 10 8 8 $101 105
Hampsted Village 18 6 4 39 22 $115 54
New Albany Links 16 12 4 37 31 $111 100
New-CCollege* 3 3 1 9 7 $128 143
NACC < $1M** 41 9 8 76 59 $153 115
NACC > $1M 26 1 1 14 14 $202 158
Tot NAPL School District 176 51 23 264 211 $127 98

 

*    Includes Tidewater, Saunton, Enclave and Wentworth

**  Includes NACC and The Reserve

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