Archives: September 2008

Virtually “Stroll” Through Your New Albany Neighborhood with Street View

Google Street View is Available in New Albany, Ohio

Want to feel like you’re standing right in front of a house or street without actually going there? Then Google’s latest mapping tool, Street View is for you! If you haven’t tried this feature of Google Maps recently, you need to check it out. We love that potential buyers can get a feel for a surrounding neighborhood while they’re looking at homes online.

Google Maps

This technology was made possible by Google using tons of vehicles mounted with cameras taking panoramic photographs in many of our largest cities (including New Albany). Due to the highly intuitive user interface, you really get a sense of “being there.”

Street View allows a 360 degree view of any location that has been enhanced (about 40 cities so far) in this way. We incorporated Street View on our New Albany real estate website because we know the clients (and potential clients) who use our website start their real estate research online. Therefore, it is vital that we, as your New Albany property experts, help you save both time and money by making the latest tools available and easy to use.

New Albany Classic Invitational Grand Prix & Family Day

Benefiting the Columbus Coalition Against Family Violence

Sunday, September 28, 2008 is the 11th Annual New Albany Classic Invitational Grand Prix & Family Day. This is your one chance a year to watch world class equestrians right here in New Albany! North America’s top riders compete in a show jumping Grand Prix, founded by Abigail Wexner and hosted at the Wexner estate in New Albany.

Columbus Coalition Against Family Violence

The New Albany Classic has raised more than $15 million for the Columbus Coalition Against Family Violence. Throughout the day, a variety of planned family activities and entertainment will be provided. The gates open at 10am for family fun, the concert featuring teen sensations Demi Lovato & Jordan Pruitt starts at Noon, and the equestrian event starts at 2pm.

The Grand Prix is open to the general public, but tickets (Adults $15, kids free) must be purchased in advance at Ticketmaster, New Albany Realty, Easton Town Center or Equus. The New Albany Classic Signature Series is presented by the New Albany Company, New Albany Realty and the Wexner family through a grant to the New Albany Community Foundation.

For more information call 614-939-3026 or visit www.thenewalbanyclassic.com.

August 2008 YTD New Albany Real Estate Market Update

While the real estate market in Columbus remains a sluggish, the news in New Albany is a little brighter. Unit sales of single family homes in New Albany continues to outpace last year despite the fact that unit sales for the greater Columbus area as reported by the Columbus Board of Realtors is down 15% year to date. In August, unit sales in New Albany were higher than the same time last year.

The average home sales price in New Albany based on $ per sq foot is down ~6% over the year to date numbers from 2007. Generally, prices remain depressed as long as inventory levels remain high. Last year there were 243 homes on the market in New Albany (Plain Local Schools) on September 1st and this year there are 286 homes on the market or an 18% increase in inventory. As inventory levels come down, we expect to see average sales price begin to rise once again. Don’t be discouraged. Homes are selling in every neighborhood in New Albany. Contact us with questions about your own neighborhood or if you would like to buy or sell a home.   

 
Neighborhood
Active
Listings
In
Contract
Sold
Aug 08
Sold YTD
Aug 08
Sold YTD
Aug 07
Average
$/Sq.Ft
 Average
DOM 
The Preserve 18 6 2 18 28  $    109 235
Albany Park 8 0 0 7 9  $    116 164
Windsor 8 5 1 6 7  $    116 143
Hampsted Village 39 8 3 35 19  $    121 145
New Albany Links 41 8 1 19 20  $    119 147
New Off Central College Road* 7 1 1 4 4  $    146 267
NACC < $1 million 65 2 5 44 44  $    155 200
NACC > $1 million 36 4 3 13 14  $    238 313
Total Plain Local
School District
286 44 29 198 192  $    142 173

 * Includes Tidewater, Saunton, Enclave, & Wentworth

Data gathered from the Columbus Board of REALTORS MLS.