Archives: November 2011

New Albany Country Club Real Estate Market Report

The New Albany Country Club is a stunning residential community made up of several unique neighborhoods, all of which are connected by a nature trail system.

There are seventeen distinctive communities that comprise the New Albany Country Club, all of which provide residents with incredible views of the 27-hold Jack Nicklaus golf course.

These neighborhoods showcase a wide range of prices and square footage and include:

 

  • Alban Mews $500,000 – $750,000; 2,750 – 4,000 sq. ft.
  • Ashton Grove $400,000 – $650,000; 2,750 – 4,000 sq. ft.
  • Clivdon $750,000 – $2,000,000; 3,500 – 7,000 sq. ft.
  • Fenway $500,000 – $1,750,000; 3,500 – 7,000 sq. ft.
  • Hawksmoor $1,000,000 – $2,000,000; 3,500 – 7,000 sq. ft.
  • Planters Grove $400,000 – $750,000; 2,750 – 4,500 sq. ft.
  • Richmond Square $350,000 – $500,000; 2,250 – 2,500 sq. ft.
  • The Reserve $500,000 – $1,000,000; 3,000 – 4,500 sq. ft.
  • Upper Fenway $400,000 – $800,000; 3,000 – 4,000 sq. ft.
  • Waterston $800,000 – $1,500,000; 3,500 – 6,000 sq. ft.
  • Wiveliscombe $900,000 – $1,500,000; 4,000 – 6,000 sq. ft.
  • And others!

However, these price ranges are just an average.  To see how much these homes are currently selling for, continue reading to learn more!

New Albany Country Club Properties for Sale

Here’s an overview of real estate market activity in the New Albany Country Club, based on the most recent data from real estate website Trulia.

  • Right now there are 56 resale and new homes on the market, including 5 homes in the pre-foreclosure, auction or bank-owned stages.
  • Between August and October, the median sales price for a New Albany Country Club home was $730,100, which represents less than a 1 percent decrease when compared to last year.
  • Last year, the median sales price was $736,500.
  • During that same period, the average price per square footage in this Ohio neighborhood was $162, which is equal to last year.
  • During the week ending on Nov. 2, the average listing price for a New Albany Country Club home was $922.800.
  • Comparatively, during that same week, the average listing price for all New Albany homes was $394,553.

Find Your Dream New Albany Home Today!

I hope you found the above information helpful as a New Albany home buyer.  If you’d like further assistance in analyzing the numbers and figuring out how it affects you, then contact us, Kate and Tony Thomas, today.

We’ll be happy to help you navigate the New Albany real estate market by providing you with expert advice as well as an array of helpful home buying tools.

We even have a state-of-the-art home search feature that allows you to search homes in specific price ranges:

Until next time,

Kate & Tony

New Albany Home Prices Stabilizing

New Albany Country Club Homes Prices Hold

Sale prices of homes in the New Albany Country Club community seem to have leveled out.  2012 prices remain equal to 2009 and 2010.  One of the gauges we use to evaluate sales trends is $ per Square Foot.  If you look at the past 3 years, the average sales price for real estate in the New Albany Country Club area has been ~$162/square foot.  While this is significantly less than the peak of $197/sq foot that we saw in 2006, it’s encouraging that we appear to be bouncing along what I believe is the bottom of the market.

Historical Look at New Albany Country Club Sales in $/Square Foot

The graph below illustrates why many real estate experts refer to the time between 2000 – 2010 as the “Lost Decade”.  Home prices in the New Albany Country Club community are actually slightly below the prices we saw in 2000.

 Is Now A Good Time To Sell?

Prices show no sign of going either up or down right now.  When they start to head back up, it’s unlikely that they will take a giant leap.  With few exceptions, in an average year, the Greater Columbus real estate market goes up 3%.  At 3% a year, it will take almost 7 years before we see 2006 prices once prices do begin to rebound.   If now is the time for you to upsize, down size, or just move because you don’t want to redecorate the home you are in, then you should do it.    Homes ARE selling and mortgage rates are at 60 year lows.  Let us know if you’d like Tony or I to assist you with your decision.  We offer confidential and complementary market evaluations of your home to enable you to make the best decision for you and your family.  Call or email us today.

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