New Albany Real Estate Update

New Albany Real Estate Market Conditions

2007 Year to Date Update - 12/31/07

A year end review shows that while our market slowed down over 2006, the real estate market is not the doom and gloom picture painted by the media. In fact, Forbes magazine recently ranked Columbus as the 3rd most stable housing market of the 40 largest American cities. Unit sales in New Albany were off by about 10% over 2006 while the average sales price fell about 6%. As you will see below, the results vary from neighborhood to neighborhood. If you would like specific information about your neighborhood or an area outside of New Albany, just give us a call. Let us know if you want a comparable market analysis to assist you with a decision to make a move in 2008! We’d love to hear from you.

Neighborhood

Active Listings

In Contract

Sold November

Sold YTD
(1/31 to 12/31)
Average $
Per Sq. Ft.
Average Days
On Market
The Preserve

14

1

3

36

$112

127

Albany Park

6

0

0

12

$102

93

Hampsted

30

3

3

28

$128

100

New Albany Links

25

0

2

23

$129

143

NACC - up to $1M

63

3

5

163

155

NACC - $1M +

34

2

2

24

$222

207

Total Plain Local

243

25

15

264

$150

134



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New Albany Neighborhoods

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