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.