August 09 E-Newsletter

New Albany Home Sales Improving

Home Sales in New Albany have actually begun to stabilize. July was the first month in many where unit sales for 2009 were equal to those in 2008. New Albany unit sales were off the 2008 pace by 52% at the end of 1st quarter, but now through July, unit sales have improved and are off last year by 27%. Some communities are performing better than others as you will see in the chart in the below. Today’s buyer is looking for 4 things: great location, great condition, attractive staging and attractive price. These are the homes that are going to sell.

Tony and I work very closely with our sellers to stage, market and price a home to generate an offer. We would rather a Seller reject an offer than have nothing with which to negotiate. If you are thinking of buying or selling, this year, give Thomas|Riddle Real Estate Group a call. We’ll help you make the best decision using our knowledge of the New Albany and Greater Columbus real estate market.

New Albany Market Update - YTD through July '09

Neighborhood Active Listings In Contract Sold Mar 09 Sold 2009 YTD Sold 2008 YTD Average $/Sqft Avg DOM
The Preserve 12 5 1 13 16 $103 102
Albany Park 5 3 2 4 7 $102 155
Windsor 5 4 1 5 5 $107 151
Hampsted Village 21 9 4 13 32 $112 142
New Albany Links 29 9 6 19 18 $116 200
New - Central College* 15 2 - - 3 - -
NACC < $1 million* 55 15 7 37 41 $157 167
NACC > $1 million* 34 2 2 8 10 $210 348
Total Plain Local School District 238 62 30 127 170 $138 155

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

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