November 2008 e-Newsletter Market Update

Oct '08 YTD New Albany Real Estate Market Update

Despite what the pundits would have you believe, homes are selling!!! Year to date in New Albany, unit sales are only slightly off of 2007. October was the first month this year where unit sales of single family homes in the Plain Local School system fell significantly below 2007 figures. 20 homes sold during October in New Albany this year versus 29 homes that sold in October 2007. We will continue to watch it and keep you informed of all the changes we see in the market.
 
Stay tuned…the market will fully recover. That said, it’s important to keep everything in perspective. Let us know if you want to know the value of your home right now. We have some new cool software that gives you a very complete snapshot of what is happening in your neighborhood. We’d love to share it with you.  Contact Kate & Tony today.
 
 
Neighborhood
Active
Listings
In
Contract
Sold
Oct 08
Sold YTD
Oct 08
Sold YTD Oct 08
Average
$/Sq.Ft
 Ave.
DOM  
The Preserve
21
1
2
23
34
 $     109
138
Albany Park
10
0
0
7
13
 $     116
146
Windsor
9
3
0
9
9
 $     114
90
Hampsted Village
21
10
6
44
24
 $     119
121
New Albany Links
36
6
4
28
24
 $     119
150
Tidewater/Enclave *
9
0
0
5
4
 $     158
238
NACC < $1 million
65
5
3
49
57
 $     156
170
NACC > $1 million
35
3
2
17
18
 $     222
230
Total Plain Local
School District
267
36
20
239
238
 $     133
145
 
 
 
 
 
 
 
 
*Includes Tidewater, Saunton, Enclave, & Wentworth
 
 
 
 
This representation is based on data supplied by the Columbus Board of REALTORs or MLS YTD October 2008.  Data may not reflect all activity in the real estate market.

 

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