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 |
Interested in knowing what's sold in your neighborhood?
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