New Albany Real Estate Report

New Albany Market Update – YTD Through 9/30/09

There’s no mistaking the fact we’ve seen a bursting of the housing bubble in New Albany and Greater Columbus this year. But there’s still plenty of life in our local real estate market! Here are some surprising stats to keep our property perceptions in perspective:

2009 3rd quarter unit sales in the Plain Local school district were 6% higher than 3rd quarter 2008.
Despite what you hear, there is not a glut of inventory for sale in New Albany Ohio. The number of homes for sale at the end of September ’09 is 25% below what was for sale at the same time in 2008.
With the exception of the new build neighborhoods off of Central College, every other neighborhood we track has fewer homes currently for sale than this time last year. Some neighborhoods, such as Hampsted Village, have fewer homes for sale than there has been in years.

With inventories as low as they are, and home sales increasing, it’s a good time to consider selling your home – especially if you’ve been putting it off because of the market. Call Kate or Tony today to talk about your home and the market in your neighborhood.

Neighborhood		Active Listings	In Contract	Sold Sept '09	Sold '09 YTD	Sold '08 YTD	Ave $/Sq Ft	Ave DOM
	The Preserve	10	1	5	21	21	$104	112
	Albany Park	3	-	3	9	7	$ 101	82
	Windsor	6	-	1	5	7	$106	144
	Hampsted	17	5	1	24	38	$112	121
	NA Links	30	3	1	28	24	$117	171
	New – Central College*	15	-	3	3	5	$132	350
	NACC < $1M**	55	19	2	45	48	$157	175
	NACC > $1 million	33	1	1	9	15	$204	205
	Plain Local School District	223	35	24	181	219	$138	146

	*Includes Tidewater, Saunton, Wentworth, The Enclave
	**Includes NACC and The Reserve

New Albany Market Update – YTD Through 9/30/09

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