March 2008 e-Newsletter

New Albany Real Estate Market Update

Existing-home sales in New Albany slowed slightly in January and February with some potential buyers trying to time the market and others waiting for higher loan limits on conventional financing. It’s too early in the year to make any good market predictions for 2008 though if showing activity on homes listed for sale is an indicator, we may be turning the corner. None of the “experts” seem to be able to agree on what is going to happen this year. The top economist for the National Association of Realtors predicts a 3rd or 4th quarter improvement while other economists seem less optimistic.

One thing we know for sure is that houses are selling and Tony and I continue to aggressively market our properties to make sure they are among the “solds”. 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 are considering a move and would like a confidential market analysis to understand how your home fits into today’s real estate market. We are here to assist you in any way we can. Let us hear from you!

Neighborhood

Active Listings

In Contract


Sold Feb 08


Sold Feb 07

2008 Average $
Per Sq. Ft.
Average $ Per Sq/Ft 2007

The Preserve


17


3



2


5


$113


11

Windsor


Albany Park


7


7


6


1


1


2

2


3

$135


$112

$138


105

Hampsted

36

4


5

4

$108

134

New Albany Links

29


9



0

3

$129

142

NACC - up to $1M

63


13



5

3

144

171

NACC - $1M +

34



3



4

3

$183

234

Total Plain Local

256


47



15

35

$138

152



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New Albany Neighborhoods

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