Attention New Albany Buyers: You Simply Must Check Out Our Latest Listing!

Ackerly Farm New Albany Ohio 1If you’re in the market for a luxury New Albany Ohio home for sale, then I highly recommend you take a few moments to learn about our recent listing on the local housing market.

Located at 4585 Ackerly Farm Road, this gorgeous estate home boasts roughly 5,800 square feet of living space, including 5 bedrooms and 5.1 bathrooms.

This means that your family will not only enjoy plenty of room to grow but also plenty of privacy as well.

Listed at $925,000, this incredible home is not likely to stay available for long. Continue reading to learn more!

Countless Reasons to Fall In Love With Our New Albany Listing

Ackerly Farm New Albany Ohio 2The classic farmhouse exterior of this property certainly makes for an eye-catching first impression when you first drive up to this property.

The wonder and amazement continue when you step inside and take note of all the luxury amenities offered. For instance, this property (which is located just blocks from Market Street) boasts an expansive great room, a gorgeous chef’s kitchen with double islands and a stunning first floor owner’s suite.

But the incredible amenities don’t just stop there.

Tour this home and you’re also discover generous-sized walk-in closets, second floor laundry center and extensive trimming throughout.

Other features inside this home include:

  • Grand foyer
  • Built-in shelves
  • Fireplaces
  • Gorgeous private bathrooms

Meanwhile, the outdoor living area is exceptionally low-maintenance and includes a deck with steps to a lovely paver patio and outdoor fireplace – not to mention a built-in gas grill!

And did we mention this home has a three-car garage?

It’s All About Location, Location, Location!

Ackerly Farm New Albany Ohio 3Thanks to this home’s location within the Ackerly Park neighborhood of the New Albany Country Club community, you’ll live conveniently close to schools, the library and restaurants.

Plus, your children will be served by some of the best public schools in the area.

And excellent dining and entertainment options are just moments away as well! Now that’s an incredible location!

Interested in Purchasing This New Albany, OH Home?

If this home sounds like exactly what you and your family have been searching for on the New Albany OH real estate market, then I encourage you to contact us, Kate & Tony Thomas, today.

We’re your dedicated New Albany OH real estate experts and we would love to assist you by answering any questions you may have as well as scheduling a showing of this property.

Until next time,

Kate & Tony Thomas

4 Things You Should Know About Our Recent Central Ohio Listing

22 Wiveliscombe New Albany 1Attention New Albany home buyers: We recently listed a home on the local housing market that we are sure you’re going to fall in love with the moment you learn about it.

List at $959,900, this home is truly a bargain when you consider all of the luxuries and amenities that this home comes with.

This home, which is located at 22 Wiveliscombe in New Albany, is truly a marvel and worth checking out if you’re in the market for a new home.

The Top 4 Things We Want to Tell You About Our New Listing

  • It’s a cook’s dream, with a gorgeous chef’s kitchen that includes granite counter tops, a huge center island and updated appliances.
  • It has a fine attention to detail, as evident by the trim work throughout and the gorgeous built-ins in the executive inn.
  • It is served by some outstanding public schools through the New Albany Plain Local School District
  • Given that this property sits on nearly 0.7 acres, its backyard offers residents ample privacy as well as room for entertaining guests.

This 5-bedorom, 5.1 bathroom home truly is a marvel, offering 6,385 square feet of living space.

22 Wiveliscombe New Albany 2Here are some other amenities and features that you’ll fall in love with as soon as you step inside this majestic property:’

  • Grand 2-story foyer
  • Coffered ceilings
  • Spa-like bathrooms
  • Palatial walk-in closets
  • Custom woodwork
  • And so much more!

Plus, thanks to its location within the New Albany Country Club community, you’ll enjoy outstanding access to popular recreational amenities that will enable you to get to know your neighbors on a deeper level.

It’s Time to Purchase Your Next New Albany Dream Home

22 Wiveliscombe New Albany 3Doesn’t this New Albany home listing sound wonderful? If you agree, please take a moment to contact us, Kate & Tony Thomas, today. We would love to assist you by answering any questions you may have about this property and also providing you with some outstanding home buyer resources.

We’ll even help you schedule a showing of this home if you’re interested in viewing it in person.

Contact us today and let’s get the home buying process started so you can move into your ideal home sooner than you think!

Until next time,

Kate & Tony

Why Our Recent New Albany Listing Isn’t Likely to Be Available for Long

Waterson New Albany Home 1What do you think of when you dream of your ideal New Albany home? Perhaps you think of a grandiose entrance that commands respect and attention. Perhaps you think of an open floor plan that gives you and your family plenty of room to grow and live. Perhaps you think of an array of amenities aimed at making your life easier on the New Albany real estate market.

If you think of any of these things, then we recommend you check out our new listing at 7324 Waterston in New Albany.

This gorgeous home, which is currently listed at $1,350,000, boasts 6 bedrooms and 6.2 bathrooms. It’s commanding presence on the local housing market, it’s commitment to the latest and greatest amenities on the inside and it’s fabulous location within New Albany make it a great find that isn’t likely to last long!

What Every Home Buyer Should Know About Our Central Ohio Listing

This 8,070-square-foot home truly has it all. Step inside this home and you’ll immediately be impressed with its oversized rooms, its gourmet kitchen, its generous-sized butler’s pantry in the dining room and its bar off the den.

What’s more, this home is truly the standard-bearer for architectural excellence and design sophistication, especially with its dramatic entranceways and unique floor plan.

Waterson New Albany Home 2Here are some other features about this home that Central Ohio home buyers will love:

  • Convenient mud room on the first floor
  • Laundry room on the second floor
  • 2-room carriage suites over 4-car garage
  • Oversized patio
  • Built-in fire pit

This home is truly an exceptional piece of real estate. It’s easy to imagine a family growing up here and sharing some wonderful memories together. I can even envision some grandparents staying to live there after the kids have left and entertaining a huge extended family on the holidays.

More Reasons to Love This Home

And as if you didn’t need any more reasons to want to relocate here, this home is also served by some high-performing schools within the New Albany Plain Local School District.

What’s more, you’re just a short drive from New Albany Country Club as well as Blendon Woods Metropolitan Park. And all of the shopping and dining you could dream of are just minutes away in nearby Columbus.

Contact Us If You Want to Make This Your Next New Albany Home

Waterson New Albany Home 3Do you think this home would complement your lifestyle well as a prospective New Albany home buyer? If so, then please take a moment to contact us, Kate & Tony Thomas, today.

We would love to help you take those next steps toward making this your next home by first answering any questions you may have and also scheduling a showing of this property for you.

So contact us today and we’ll work hard to make your home buying dream a reality!

Until next time,

Kate & Tony

Young Buyers Returning to the US Housing Market En Masse

Home Buying 6A key factor in the housing market recovery is returning to the national market en masse, much to the elation of housing market analysts.

According to a recent Bloomberg article, more and more first-time home buyers are entering the market because they feel more confident about the economic recovery.

Faster economic growth and a labor market that’s approaching “full employment” (according to the Federal Reserve) are aiding in that rise in confidence among first-time home buyers.

Even if you’re not a first-time home buyer, this news is sure to benefit anyone who is navigating the national housing market right now.

Fannie Mae Economist Makes Positive Predictions for 2015

Douglas Duncan, a chief economist at Fannie Mae in Washington, made the following predictions about the year ahead:

  • There will be a 6.3 percent increase in mortgage lending for purchases this year.
  • This increase follows a 9.6 percent decrease in 2014.
  • Increasing confidence in the job market is the strongest indication that home sales will improve.

Thomas Reuters Consumer Sentiment Poll Reflects Similar Optimism

Recently Thomas Reuters partnered with the University of Michigan for a consumer sentiment poll and this is what they found:

  • Consumers expect an increase of 1.7 percent in their incomes in 2015, the highest since 2008.
  • Those under 45 years old expect the biggest gain at 4.7 percent.

More Encouraging Factors From The National Economy

Meanwhile, economic growth (bolstered by consumer spending as well as business investment) is increasing. In fact, the Commerce Department reported that the US grew by 5 percent in the third quarter, which is the fastest since 2003.

The Fed said it expects the economy will expand between 2.6 percent and 3 percent in 2015, up from 2.3 percent to 2.4 percent in 2014.

Plus, the economy added more than 2.7 million jobs in 2014, which is the most since 1999, according to the Bureau of Labor Statistics.

And the jobless rate will average 5.2 to 5.3 percent, which is at the level last seen before the financial crisis.

All of this job growth and creation means that the median household income in 2014 increased 1.6 percent to $53,880 through November. Experts say that rate should increase through 2015.

Which Brings Us Back to the First-Time Home Buyer

All of this growth and prosperity is driving young home buyers to the market. As they enter the market, more homes will change ownership, freeing up existing home owners to buy bigger and better homes.

We’ve said it before and we’ll say it again: You need a regular stream of first-time home buyers to aid in the growth of any housing market. Thus, we’re thrilled that more and more first-time home buyers are coming back to the market.

Your #1 Resource for Real Estate News

We hope you found today’s news on first-time home buyers as encouraging as we did!

Check back here soon for more valuable information on the current state of the housing market and how it may impact you as a buyer or seller.

3 Reasons You’ll Fall in Love With Our Recent New Albany Listing

Stannage New Albany Home 1Standing with great elegance on Stannage Pass, our recent listing on the New Albany real estate market certainly exudes power and prominence.

This home, located at 3994 Stannage Place, is truly magnificent, with a circular driveway, a commanding façade and a spacious lot that offers plenty of privacy.

For these reasons and more, we have selected our recent listing as our home spotlight of the day! Continue reading to learn more about this property!

Home Buyers Fall in Love With Our New Listing for 3 Main Reasons

  • It is located in the exclusive Lambton Park neighborhood, which is beloved for its commitment to a high quality of life.
  • It features a lengthy list of luxury interior amenities, including fully-stocked butler’s pantry and a gorgeous gourmet chef’s kitchen
  • It is zoned for our outstanding public schools within the New Albany Plain Local School District.

Currently listed at $1,970,000, this home features 5 bedrooms and 5.2 bathrooms. Boasting a whopping 10,825 square feet of living space, this home offers its residents plenty of room to live, work and play.

Stannage New Albany Home 2Here are some of the other fantastic amenities that interested home buyers will adore about this home:

  • Breathtaking grand foyer with marble tile floors
  • Curved staircase with dramatic aura
  • Well-designed home library
  • Coffered ceilings
  • Built-in shelving
  • Gas fireplace
  • Subzero and Wolf appliances
  • Cozy breakfast area
  • 1,200 bottle wine room

What’s more, everyone enjoys their own private bedroom suite. And the master suite even boasts its own private deck, luxurious bath and spacious walk-in closet.

Meanwhile, the finished bonus room offers an ideal place for play and recreation.
And thanks to its location on 0.96 acres, you and your family will always enjoy plenty of privacy and tranquility.

What Are You Waiting For? Make This New Albany Home Yours!

Stannage New Albany Home 3If this sounds like the kind of home you’ve been dreaming of, then please contact us, Kate & Tony Thomas, your dedicated New Albany real estate experts.

We would love the opportunity to assist you by answering any questions you may have as well as providing you with some valuable information on this home for sale.

But hurry! For obvious reasons, this home isn’t likely to stay available on the market for long!

Until next time,

Kate & Tony

Your Very First New Albany OH Real Estate Market Report for 2015

Home Buying 16If you’re a prospective New Albany area home buyer, then 2015 is certainly going to be a good year for you!

According to a recent New Albany real estate data report I was reading, the average price per square foot as well as the median sales price are both showing year-over-year decreases.

Translation? Now is a great time to get a great deal on a New Albany home for sale! Continue reading to learn more.

An Overview of the Current State of the New Albany Housing Market

Here’s are the most recent numbers from the local housing market:

  • Currently there are 190 homes for sale on the market, including 37 in some stage of the foreclosure process.
  • Between October and January, the average price per square foot for New Albany was $138, down 20.7 percent from the same period last year.
  • Meanwhile, the median sales price for homes was $318,000 based on 61 home sales.
  • Compared to a year ago, the median home sales price increased 0.2 percent, or $500.
  • And the number of home sales decreased 4.7 percent.
  • Broken down further, the median sales price for 2-bedroom homes here was$236,750.
  • The median sales price for 3-bedroom homes was $280,000.
  • And the median sales price for 4-beedroom homes was $369,500
  • During the week ending on Jan. 7, the average listing price for New Albany homes for sale was $512,556, down 2.5 percent from the week before.
  • During that previous week, the average listing price for homes here was $$525,000.
  • Broken down by size of the home, the average listing price for 2-bedroom homes here was $215,832
  • The average listing price for 3-bedroom homes was $382,8464.
  • And the average listing price for 4-bedroom homes was $476,422

How Can We Help You With Your Next New Albany, OH Purchase?

If you’re thinking about investing in New Albany real estate anytime soon as a home buyer, we invite you to take a moment to contact us, Kate & Tony Thomas, today.

We have years of experience helping home buyers just like you make their dream a reality and we’d be happy to do that for you as well by answering all of your lingering questions and telling you about available listings in New Albany.

We’ll also offer practical and expert advice that you won’t find anywhere else!

Until next time,

Kate & Tony

Report: Central Ohio Home Sales Dropped, Prices Rose in Late 2014

Home Buying 15The end of 2014 certainly seemed to be a bit of a mixed bag in terms of real estate sales activity in New Albany, according to the latest real estate market report.

Evidently, according to the recent story I was reading, Central Ohio home sales decreased in November even as the price of those homes increased.

This is certainly going to impact both home buyers and home sellers differently so we recommend taking a moment to learn more about these recent trends.

A Brief Overview of the End of Year Sales Activity in New Albany Area

Here are the highlights of the recent report on end-of-year sales activity in the Central Ohio area:

  • During the month, 1,682 Columbus-area homes were sold, which is down 10.9 percent from November 2013, according to the Columbus Realtors trade group.
  • Central Ohio sales in 2014 were down 3 percent from last year’s total, which was the second highest on record.
  • The median sales price of a Central Ohio home was $148,000 in November, 7.1 percent higher than a year earlier.
  • Meanwhile, the median sales price is 5.5 percent higher in the Columbus area.
  • Statewide, home sales decreased 5.1 percent in November when compared to a year earlier.
  • But prices were up 5.7 percent statewide.
  • Real estate experts say that although sales were down when compared to last year, they actually are relatively healthy when compared to historic averages.
  • In fact, demand for homes in Central Ohio is strong, especially given how quickly those homes are selling and how high the list-to-sales ratio is.
  • Homes sold in 2014 in Central Ohio have been listed an average of 67 days, which is much fewer than the 90 to 100 considered normal.
  • What’s more, homes have sold this year for 96.8 percent of their final asking price, which is above the typical 92 to 94 percent.
  • By the end of November, 8,332 homes were for sale in Central Ohio, 13.3 percent less than a year ago.
  • At that sales pace, the homes would take 3.6 months to sell, which is much less than the six-month supply considered a healthy balance between buyers and sellers.
  • The number of homes for sale across the country decreased 6.7 percent in November to 2.09 million, a 5.1-month supply at the current sales pace.

Happy to Help You With Your Next New Albany Real Estate Transaction
For more useful information about recent New Albany real estate trends and how they may impact you as a potential home buyer or seller, please contact us, Kate & Tony Thomas, today.

We would love to assist you by answering any questions you may have as well as providing you with valuable resources.

Until next time,

Kate

Million Dollar Home Sales a Major Trend in New Albany, OH

luxury home 3Long known as a premier destination for luxury Central Ohio real estate, New Albany is making the news again for just that!

According to a recent article I was reading, million-dollar houses are becoming an increasingly popular trend on the local housing market.

If you’re in the market for a luxury home with all of the latest and greatest interior features, then I recommend you continue reading to learn more about this trend.

The Luxury Homes You’ll Find in New Albany, Ohio

The recent article I was reading took a look at the top 10 home sales of 2014 in Central Ohio.

These homes, which sold for more than $1 million, featured nothing but the highest quality interior amenities, including pools, enormous closets, paneled libraries, gourmet kitchens and more.

These homes were sold in our beloved community of New Albany as well as nearby communities like Dublin, Delaware County and Upper Arlington.

In all, there were 78 central Ohio homes that sold through the Multiple Listing Service for more than $1 millin, which is the most there’s been since 2006.

Still, it’s quite short of the 93 million-dollar homes sold in 2005.

Here’s a look at this elite subsection of the Central Ohio real estate market:

  • Between 2000 and 2012, New Albany and Dublin accounted for 46 percent of central Ohio’s million dollar sales.
  • During that same period, Bexley and Upper Arlington accounted for less than 19 percent of sales.
  • In the last two years, however, the market share for million dollar homes in New Albany and Dublin has actually dropped – to 27 percent.
  • Meanwhile, Upper Arlington and Bexley’s shares have doubled to 36 percent.
  • Experts say that this shift demonstrated home buyer preference in pre-World War II mansions versus newer homes. It also highlights a desire to live in mature neighborhoods.
  • Upper Arlington accounted for a lot of the recent growth in luxury home sales. After all, in the last two years, 36 homes have sold for more than $1 million in the city, compared with only 4 two years ago.
  • During the last two years, home values have increased 16.5 percent in Upper Arlington and 16.8 percent in Bexley. Prices have increased 14.3 percent in Grandview Heights and 21.7 percent in Worthington.
  • Meanwhile, during that same period, prices increased 7.7 percent in Dublin, 9.8 percent in New Albany and 9.3 percent in Powell.

Experts say that this trend toward luxury homes in the suburbs can partially be credited to the fact that more people are desiring more space, comfort and privacy for their loved ones.

And suburbs like New Albany give residents the best of both worlds. After all, not only are residents enjoying that level of privacy and comfort but they’re also fairly close to jobs as well as stores and entertainment.

What Do You Think About This Recent Report on Luxury Real Estate?

I would love to hear your thoughts.

We believe knowledge is power here on the local housing market and thus, we are constantly striving to provide you with the most up-to-date information on trends in the area.

If you would like to take that a step forward by actually working directly with a real estate agent as you navigate the market, then please contact us, Kate & Tony Thomas, today.

We would be more than happy to assist you by answering any questions you might have as well as providing you with some fantastic home buying tools.

Until next time,

Kate & Tony

A Look at A Prosperous Year for New Albany, Ohio

CalendarIf the last year is any indication, it’s never been a greater time to be a New Albany, OH resident.

After all, according to a recent article I was reading, New Albany experienced tremendous success during calendar year 2014. From new developments to a healthy local real estate market, there was certainly a lot to be proud of on the local housing market.

If you’re considering investing in real estate anytime soon in the New Albany, Ohio area, then we invite you to continue reading to learn about all that our wonderful community accomplished during the past year.

From New Developments to Real Estate, New Albany Prospered in 2014

As we previously noted, there were certainly a lot of time in the last year that residents were proud to call New Albany home.

For instance, in 2014, New Albany expanded its city-center landscape and added 1,600 jobs to its business parks.

Meanwhile, the intersection of Market and Main streets saw a dramatic transformation in 2014 thanks to the installation of a roundabout as well as the construction of a two-story 26,000-squrae-foot retail center at the northwest corner.

But this doesn’t even scratch the surface of all that was accomplished in 2014.

Here are some other positive developments that happened in our city during this time:

  • The two-story, 52,000-square-foot Phillip Heit Center for Healthy New Albany was constructed. This center is a huge economic booster for the city and even includes clinical space as well as community programming space.
  • The city added several new businesses to the community’s business parks and welcomed the expansion of others.
  • The city started several new business projects, including American Electric Power (which is expected to move its transmission headquarters to our town)as well as Bocchi Laboratories (which is expected to invest $18 million in a 130,000-square-foot facility)
  • Other new business projects included L Brands, Magnanni and Mission Essential.
  • Meanwhile, Anonmatic Corp., Capture Education and Knowlton Development Corp., announced plans to expand.
  • City leaders also partnered with the Central Ohio Transportation Authority to add a park-and-ride facility on Forest Drive, which opened Sept. 2.
  • The city also hosted a few new events in 2014, including the first Honor Ride Ohio as well as a series of triathlons called Challenge Day New Albany.
  • Meanwhile, the New Albany Police Department worked hard to make the city safer for all by using smartphone technology. MyPD allows users to receive tweets and updated information for the police department. The latest counts suggest that more than 400 residents have signed up for this app.

Now Do You See Why New Albany, OH is So Wonderful?

As you can see, our precious Central Ohio community really does have a lot going for it these days. It’s no wonder that this community is such a popular destination for home buyers.

If you’re ready to take that next step toward making this community your home, please make sure to contact us, Kate & Tony Thomas, today.

We will take the time to learn what exactly you’re looking for in a New Albany home and then we’ll work hard to find the right fit for you.

Until next time,

Kate & Tony

Report: US Home Inventory Low, Making It a Great Time to Sell

Home RelocationHappy New Year! We hope you and your loved ones enjoyed a wonderful New Year’s Eve and that you’re as excited and hopeful about 2015 as we are!

And if you’re a prospective home seller, a recent report from the National Association of Realtors suggests that there’s a good chance you can get a great price on your home right now.

According to the recent report, US home sales recently hit a six month low, with inventory at a low point too.

While this may seem discouraging at first blush, this actually suggests that those homes that are being sold on the market are being met with increased demand. After all, home buyers have a smaller selection of available homes to choose from than in recent months.

The key to sealing the deal on your home for sale and getting a great price is expert marketing.

A Closer Look at This Recent Real Estate Report

Here are some of the highlights from the recent National Association of Realtors report:

  • Existing home sales decreased 6.1 percent to an annual rate of 4.93 million units.
  • That figure is the lowest it’s been since May
  • Meanwhile, home inventories reached an eighth month low.
  • Home sales were up 2.1 percent from a year ago during the month of December.
  • Meanwhile, the U.S. housing index was down 0.2 percent as shares in the largest homebuilder (D.R. Horton) decreased 0.4 percent. Lennar Corp fell 0.43 percent and Pulte Group decreased 0.19 percent.
  • Also, the inventory of unsold homes decreased 6.7 percent from a year ago, to 2.09 million.
  • At November’s sales pace, it would take 5.1 months to sell all homes currently on the market. A six month supply is usually considered a healthy balance between supply and demand.
  • The decreased supply of homes means that the median home price increased 5 percent from a year ago.

Experts say that fickle wage growth as well as higher home prices have kept a lot of first-time home buyers out of the market.

Still, experts also say that with job gains and wage growth expected in early 2015, more and more first-time home buyers are likely to enter the market in the coming months.

In fact, during the month of November, first-time home buyers accounted for 31 percent of all transactions, which is the biggest share they’ve occupied since October 2012.

For comparison purposes, first-time home buyers comprised 29 percent of all transactions in October.

Expert Real Estate Marketing is Key to Selling Your Home

As you can see, there is plenty of opportunity to get a good price on your home, you just have to make sure your home stands out to prospective and qualified home buyers.

That’s where working with an experienced real estate agent can help. A professional will be able to create a custom-made marketing plan for your home that will maximize its exposure to the right buyers.

This will ultimately lead to you getting your home sold in a relatively short amount of time and for a great price!

Check back here soon for more expert insight on the national housing market and how it may impact you as a seller.

Here’s to a happy and prosperous 2015 for you and your family!