Archives: July 2010

New Albany, OH Market Update

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
  Listings Contract June’10 2010 2009 $/Sq Ft DOM
The Preserve 13 2 4 15 13 $104 80
Albany Park 3 2 2 $114 40
Windsor 8 5 1 8 5 $103 84
Hampsted 22 7 3 13 9 $115 80
NA Links 45 7 2 16 13 $109 166
New-CCollege* 5 3 2 4 $133 474
NACC < $1M** 62 11 11 38 32 $149 148
NACC > $1M 33 2 3 10 6 $205 259
Tot Plain Local              
School District 252 40 36 137 97 $120 137
               
*    Includes Tidewater, Saunton, Enclave and Wentworth      
**  Includes NACC and The Reserve          

 

Ackerly Park Parade of Homes Sneak Peek!

Last week, we (New Albany REALTORs) went on a walk-thru of the 8 amazing new homes under construction in Ackerly Park here in New Albany.  We saw some exciting new things like a flat screen fireplace (really!), green (as in grass) roof, lovely master bedroom coffee bar, closet complete with rotating shoe carousel, and a very cool modern fireplace wall insert.  Incredible new garage flooring and outside entertainment patio masterpieces took our breath away!

It’s no surprise that kitchens and bathroom continue to be very important and Parade attendees will not be disappointed.  This year’s Parade kitchens and bathroom will highlight the latest and greatest in appliances, cabinetry, lighting, storage options, and plumbing fixtures.

The Parade of Homes will take place July 24-August 8, hours:

Monday-Thursday: 12pm-9pm
Friday and Saturday: 10am-9pm
Sunday: 10am-6pm
No admittance 1 hour prior to closing

Single Ticket admissions are available at the Parade site.  Ticket Price: $12, Parking: $2 per car, Children 12 and under free.  New this year is the Kids Village – a great entertainment venue within the parade for kids only! Bring them along this year to have fun of their own!

Here are just a few pictures to wet your appetite…