Archives: April 2011

Not Enough Homes for Sale in New Albany, Ohio!

Hard to believe but true…

There are simply not enough homes available for sale in the New Albany Plain Local School District.  New Albany real estate inventory levels are at record lows – off almost 40% from this time last year.  Prices are stabilizing and buyers are looking.  I have to say, if you’ve been on the fence about selling, this would be the time to get your New Albany home on the market.

 Low Inventory in all Neighborhoods

Consider the following figures which point out how low the inventory is in each neighborhood we regularly track:

Neighborhood # Homes
For Sale
Total Homes In
Neighborhood 
 % to
 Total
The Preserve 9 609 1.5%
Albany Park 3 193 1.5%
Windsor 2 156 1.3%
Hampsted Village 16 675 2.3%
New Albany Links* 21 495 4.2%
New Albany Country Club 66 1094 6.0%
Total 117 3222 3.6%

At the peak of the market we often had 10% of the total number of homes in a neighborhood on the market.  Don’t delay if you, or someone you know is interested in selling their home.  The spring market has begun!  Contact Kate or Tony at 614-939-1234 or katet@newalbanyrealty.com to discuss potential marketing and pricing strategies for your New Albany home in this current market.

*Includes Upper Clarenton. **Data is obtained from the Columbus Board of Realtors MLS and may not include all activity in the real estate market.

Search the MLS Yourself!

What is a Buyers Agent?

I had a phone call from a gentleman this week asking if I was the listing agent for a home for sale in New Albany. I replied that I wasn’t but that I could help him as a buyer agent to which he replied, “What’s that?” It made me realize that as Realtors, we use a lot of terms that may not be familiar to those not in the business. So I took a moment to explain to him what a buyer agent is along with explanations of other common terms.

Real Estate Brokers – Real estate brokers have a real estate broker’s license and operate a real estate brokerage. New Albany Realty is the brokerage that Kate & I work for.

Realtors® – A Realtor is a licensed real estate agent who is also a member of the National Association of Realtors® (NAR). We are members of NAR® and thus, are able to call ourselves Realtors.

Listing Agents – Listing agents are real estate agents who represent sellers, market their homes and work to get their sellers the best price and terms. In Ohio, with written permission listing agents may also represent the buyers for their listings.

Buyer Agents – Buyer agents are real estate agents who represent buyers, help them find homes that meet their criteria, and work to get their buyers the best price and terms. We have 2 Buyer Agents on our team – Bev Klein and Laura Kohler. Bev and Laura are available to assist you with your home search so don’t hesitate to contact them.

Kate & Tony work with both Sellers and Buyers and would be happy to work with you!