December 2008 e-Newsletter
November 2008 YTD Market Update
You can’t read the paper or watch the news without knowing that the economic picture is uncertain and likely to continue that way as we wrap up 2008 and head into 2009. However, a turnaround for the housing market is anticipated as homes become more affordable (home prices in New Albany have fallen anywhere from 7% - 10% this year), and interest rates come down (today’s rate is 5.5% for a 30 year fixed loan). Unit sales in New Albany for October and November are off 33% over 2007. One bright spot is the number of homes in contract. Once these homes close, the unit sales comparison should be a little more in line with last year.
We continuously monitor any shifts in the market in order to lead the market and accomplish the goals of our sellers and buyers. Please contact us with any questions you may have about recent shifts in the New Albany real estate market and how it might impact you and your home. November 2008 YTD:
|
|
Active |
In |
Sold |
Sold YTD |
Sold YTD Nov 08
|
Average |
Ave. |
|
The Preserve
|
22
|
6
|
0
|
25
|
44
|
$ 110
|
140
|
|
Albany Park
|
10
|
0
|
0
|
7
|
12
|
$ 107
|
150
|
|
Windsor
|
10
|
5
|
0
|
9
|
9
|
$ 113
|
97
|
|
Hampsted Village
|
19
|
8
|
4
|
48
|
25
|
$ 117
|
172
|
|
New Albany Links
|
32
|
5
|
2
|
30
|
25
|
$ 120
|
180
|
|
*Tidewater/Enclave
|
10
|
0
|
0
|
5
|
4
|
$ 136
|
238
|
|
NACC < $1 million
|
58
|
6
|
0
|
49
|
60
|
$ 156
|
170
|
|
NACC > $1 million
|
30
|
4
|
1
|
18
|
22
|
$ 222
|
226
|
|
Total Plain Local |
243
|
42
|
8
|
250
|
253
|
$ 133
|
145
|
