Year to Date Results through 6/30/2010
The first half of 2010 results are in and the New Albany real estate market continues to show some signs of improvement. Unit sales in every New Albany neighborhood are up over 2009. Sales in the total New Albany school district are up 41% over the same time last year. The 137 homes sold in New Albany are a marked improvement but a far cry from our peak in 2005 where 188 homes sold in the first half of the year. Average $ per sq ft of the homes sold slid ~5% over the same period as last year.
Will the New Albany sales trend continue?
The home buyer tax credit definitely created some business into the first half of the year. It’s a little early to know if we just moved business from 3rd and 4th quarter into the first half of the year. We will track it closely. Hopefully, interest rates at the lowest level they have been since these rates have been tracked will help keep homes selling. There are some great homes available for sale. Don’t let these historic rates pass you by.
If you are considering a move or want to understand the changes that have taken place in your neighborhood, ask Kate & Tony, New Albany’s best source for real estate information. The chart below shows the New Albany sales results by neighborhood for the first half of 2010.
|New Albany 2010 Year To Date Recap through 6/30/2010|
|Neighborhood||Active||In||Sold||Sold YTD||Sold YTD||Ave||Ave|
|NACC < $1M**||62||11||11||38||32||$149||148|
|NACC > $1M||33||2||3||10||6||$205||259|
|Tot Plain Local|
|* Includes Tidewater, Saunton, Enclave and Wentworth|
|** Includes NACC and The Reserve|