Archives: December 2011

Tips for Buying a New Albany, Ohio Home

CNN Money recently published its Top 10 Home Buyer Checklist.

Since we found the list quite helpful and relevant, we wanted to share it with you.

If you’re a New Albany home buyer, continue reading to discover what every home buyer should know before entering the Central Ohio real estate market.

Investing in New Albany Real Estate

Here are some of the facts that CNN Money said every home buyer should know before investing in a New Albany home:

  • Plan to Stay in Your New Home for at least a Couple of Years.  Given the cost of buying and selling a home, it may not be cost effective to own New Albany real estate if you just plan on leaving after a year or so.  Thus, plan on living there for at least a few years to get the most out of your investment.
  • Make Sure Your Credit is in Good Standing.  Unless you’re independently wealthy, you’ll likely have to take out a mortgage to buy your next home.  You want your credit to be good to ensure you get the best rates possible.  Consider requesting a copy of your credit report a few months before you enter the housing market to make sure all the information is accurate.
  • Start Looking in the Right Price Range from the Get Go.  By being realistic about the price range you can afford early on, you’ll ultimately save yourself a lot of time and heartache.  One general rule of home buying is to only look at homes that are 2.5 times your annual salary or less.
  • Even if you can’t put 20 percent down, you may still qualify for a loan.  Many public and private lenders out there will offer low-interest mortgages for down payments as small as 3 percent.
  • Consider Which Schools Your Neighborhood is Zoned For.  Even if you don’t have children, it’s important to pay attention to the schools for which your home is zoned.  That’s because this will help determine how easy it is for you to resale your home down the road.  In addition, quality schools in the area help to increase home values.  Check out which New Albany School information by checking out our New Albany School Report Card.

Your New Albany REALTORS

Join us next time as we reveal the second half of CNN Money’s Top 10 List of Things Every Home Buyer Should Know.

For more tips on how to effectively navigate the New Albany real estate market, make sure to contact us, Kate & Tony Thomas.

As your New Albany REALTORS, we’ll be happy to answer any questions you may have as well as offer you our expert real estate advice.

Ready to start searching for your dream New Albany home today? Check out some of our user-friendly search options:

Until next time,

Kate & Tony Thomas

 

 

New Albany, Ohio Receives Accolades for Economic Development

Our beautiful community of New Albany has devoted time and resources to attracting economic development to the area and now national organizations are starting to take notice.

According to a recent article, the city recently received an economic development award from the Ohio Chapter of the Commercial Real Eestate Development Association.

The award is given to communities that are committed to promoting development in the community.

Living in New Albany

The organizations said New Albany has done a great job of attracting business and development to the area with infrastructure and business incentives.

While other central Ohio communities have received this award in the past, it’s special that New Albany received it this year given the sluggish economy.

Experts say that this award signals that New Albany is committed to development and progress, even in the face of a less-than-ideal economy.

According to some estimates, the city has invested about $24 million in infrastructure to attract development to the area.  It’s also invested $3 million to create a comprehensive fiber-optic network in the city to help new businesses stay connected.

In all, the various projects throughout the city have created 3,500 jobs in the city since 2009.

New Albany Real Estate

All of the development in the area benefit New Albany residents in multiple ways.

In addition to creating jobs and amenities throughout the city, these developments have spurred a lot of activity on the local housing market.

Just check out the most recent real estate data for the New Albany Plain Local School District:

  • Between 2010 and 2011, the average sales price rose from $339,048 to $377,381, a 11.3 percent increase.
  • The inventory of home sales dropped, from 282 homes to 197.  This caused the supply to drop from a 10.6 months supply to 6.1.
  • Year-to-date, the number of closed sales has increased from 262 homes in 2010 to 318 homes in 2011.

Your New Albany REALTORS

As we noted before, this is an excellent time to be a New Albany home seller.  Recent market data suggests that more home buyers are entering the market looking for their dream home.

As demand for Central Ohio homes increases, the supply of homes will likely decrease.  This gives home sellers an advantage in when it comes to setting their price.

If you’re interesting in listing your home but want help successfully marketing it on the New Albany real estate market, contact us, Kate and Tony Thomas.

We’ll answer any questions you might have as well as provide you with a number of home selling tools, including:

Until next time

Kate & Tony Thomas

 

New Albany, Ohio Real Estate Market Report for November 2011

The New Albany, Ohio real estate market saw a lot of changes during the last couple of months, according to the most recent data from the real estate website Trulia.

Evidently, both home sales and home sales prices have been on the rise lately.

Continue reading to learn more about the latest trends on the New Albany housing market, and how they may affect you as a New Albany home buyer.

New Albany Homes for Sale

Here’s an overview of the current state of the New Albany real estate market based on recent market data:

  • Currently there are 286 homes for sale.
  • Between August and October 2011, the median sales price for a New Albany home was $305,000, which represents an 18.4 percent increase when compared to the same period last year.
  • Last year, the median sales price was $257,500.
  • During the week ending on November 2, the average price per square foot for a New Albany property was $157, which represents a 33.1 percent increase when compared to last year.
  • During that same week, the average listing price for homes was $394,553, which is a 1.8 percent decrease when compared to the week before.
  • Here’s how nearby markets stacked up in terms of average listing prices during that same week:

– Gahanna, Ohio: $195,597
-Westerville, Ohio: $246,323
-Pataskala, Ohio: $188,683
-Whitehall, Ohio: $109,092
-Reynoldsburg, Ohio: $138,261

This recent market data suggests that now is a great time to be a New Albany home buyer.  As the number of home sales continues to rise, so will sales prices.

Thus, if you’re looking to get a great deal on a New Albany property for sale, then we recommend you enter the market soon.

Investing in Real Estate

As your New Albany real estate experts, we believe that knowledge is power.  That’s why we work hard to provide interested home buyers with the most up-to-date market information each month.

That way you have a realistic and comprehensive view of the current state of the market, which will ultimately make you a savvier home buyer.

If you’d like to learn more about how we make navigating the market easier for New Albany home buyers every day, contact us, Kate and Tony Thomas, today.

We’ll be happy to answer any questions you might have as well as provide you with such helpful real estate tools as:

Until next time,

Kate & Tony

Fun Things to Do in New Albany, Ohio During the Holiday Season

Winter is a great time to live in New Albany, Ohio.  That’s because this community oriented community always has a ton of holiday events going on during this time of year.

If you’ve been thinking about relocating to central Ohio, I recommend you check out some of these family-friendly activities.  It will give you a good idea of why so many people consider New Albany such a special place to live.

Enjoy These Family-Friendly Activities This Month in New Albany

Here is just a sampling of some of the holiday-themed events that you and your family could enjoy as New Albany residents this year:

Holiday Spectacular: Enjoy this annual holiday concert featuring the New Albany Symphony Orchestra and the Columbus Children’s Choir. Arrive early for your chance to purchase a Gift Box and to enjoy some pre-concert activities with the kids. You can even bring a canned food item to support the Mid-Ohio Food Bank.

  •  When:  3 to 5 p.m. on December 18
  • Where: Jeanne B. McCoy Community Center for the Arts
  • Admission: $11 to $22
  • More Info: Call 614-245-4701

Holiday Lights Show: Enjoy the magic of the holiday season at this holiday light show in Gahanna.  During this annual holiday event, visitors enjoy a holiday parade, the holiday tree lighting and even a visit with Santa Claus!

  • When: November 12 to January 2
  • Where: Olde Gahanna and Creekside, 123 Mill Street in Gahanna
  • Admission: FREE
  • More Info: Call 614-418-9114

Dr. Seuss’ How the Grinch Stole Christmas:  On the 45th anniversary of the holiday classic, visitors can view 44 original production cells, animation sketches and even behind-the-scenes photos from this film.

  • When: Now through January 4
  • Where: Franklin Park Conservatory and Botanical Gardens, 1777 E. Broad Street in Columbus
  • Admission: Adults $11. Seniors and students $9. Children $6. Children under 2 free.
  • More Info: Call 614-645-8733

The Nutcracker:  Many people connect the holiday season with this classic ballet, which tells the story of young Clara and her Nutcracker Prince.  Now you and your family can enjoy this enchanting ballet in person at the Ohio Theatre, which will have performances of The Nutcracker throughout the month.

  • When: Now through December 23; Times vary
  • Where: 39 E. State Street in Columbus
  • Admission: Prices vary
  • More Info:  Call 800-745-3000 or 614-469-0939

 Investing in New Albany, Ohio Real Estate

Stay tuned next week when we’ll tell you about even more holiday activities going on in the New Albany, Ohio area.

If you get a chance to attend one of the events I mentioned above, please let me know what you thought of it!

New Albany is a wonderful place to live – not just during the holiday season, but all year-round.  If you’re ready to take the next step toward making New Albany your permanent home, then contact us, Kate & Tony Thomas, today.

We’ll be happy to answer any questions you may have and let you know about available listings in the area.

Until next time,

Kate & Tony

New Albany Real Estate Market Report

 

It was a great month on the New Albany real estate market, especially if you’re a home seller.

Evidently, home sales in Central Ohio are up while total home inventory is down.

Continue reading to learn more about current market trends on this Central Ohio real estate market.

Central Ohio Properties for Sale

Thinking about selling your home? Be sure to check out the latest market statistics from the Columbus Board of REALTORS o develop a comprehensive idea of what homes are selling for in your area:

  • For the last four months, home sales have been greater than in 2010.
  • In October, 1,543homes sold in the Columbus area, representing an 8.6 percent increase when compared to the same month last year.
  • Last October, 1,421homes sold.
  • In September, home sales were up by 16.6 percent when compared to the year before.
  • Year-to-date, 2011 home sales are just 2.1  percent behind numbers in 2010.
  • 1,379 homes went under contract last month, which represents a 46 percent increase when compared to 2010.
  •  The Columbus area housing inventory was down to an 8.1 month supply in October.  This is equivalent to 13,827 homes for sale on the market today.
  • In September, the local housing inventory was an 8.7 month supply.
  • During the year 2011 so far, the average sales price for single-family homes and condos in the Columbus area was $157,327.

 Selling New Albany Real Estate

All of this is fantastic news for home sellers because it means that supply is starting to exceed demand, giving home sellers an edge on setting the price they want for their New Albany home.

If you’ve been thinking about selling your New Albany home, contact us, Kate and Tony Thomas, today.

As your New Albany real estate experts, we’ll walk you through our comprehensive marketing plan for sellers, which will help you sell your home in less time and for more money.

In the meantime, we recommend you check you some of our other home selling resources that we offer:

Until next time

Kate & Tony

More Holiday Fun in the New Albany, Ohio Area!

Are you a New Albany resident who is entertaining out-of-town family members for the holidays? Are you wondering how you’re going to entertain them throughout their stay?

No worries! We’ve compiled a list of upcoming holiday events in the area that are sure to be fun for the entire family.

Continue reading to learn more!

Enjoy These Holiday Events This Week

Here are just some of the many family-friendly events going on in the New Albany, Ohio area this month:

Holiday Glassblowing Workshop: Bring the entire family and make a colorful, blown glass ornament together!  A professional gaffer will be on site to help out and no experience is necessary.  Ages 16 and up can participate.

  • When: Now through December 28
  • Where: Franklin Park Conservatory and Botanical Gardens
  • Admission: $54 to $65
  • More Info: Call (614) 645-8733

Holidays at the Zoo: Enjoy a holiday light show presented by American Electric Power at the Columbus Zoo and Aquarium.  Residents can also meander through the zoo to enjoy holiday decorations throughout.

  • When: Now through Jan. 1
  • Where: Columbus Zoo and Aquarium, 4850 W. Powell Rd. in Powell
  • Admission: Adults $14. Seniors $10. Children 2-9 $9.
  • More Info: Call 614-645-3550

Scrooge Performance: Bring the family to watch this holiday classic, in which a curmudgeon is visited by the ghosts of Christmas past, present and future.

  • When: Now through December 26
  • Where: Shadowbox Live, 503 S. Front St, Columbus, 43215
  • Admission: Adults $30. Students and seniors $20.
  • More Info: Call 614-416-7625

Celebrate Kwanzaa: Teach your children about different cultures by taking them to this Kwanzaa celebration,  which originated in Africa.  This event features authentic African cuisine, dancing and drumming.  Visitors can even purchase authentic African jewelry here.

  • When: December 28
  • Where: The King Arts Complex, 867 Mt. Vernon Avenue, Columbus
  • Admission: $5 to $15
  • More Info: Call 614-645-0642

Listing Your New Albany Home for Sale

We hope you get a chance to check out one of these holiday events in the New Albany area.  If you do, please let us know what you thought of it!

And we hope you have a wonderful holiday celebration with your friends and loved ones.

If after the New Year you decide that it’s time for a change and you’re ready to sell your New Albany home, contact us, Kate & Tony Thomas. 

We’ll be happy to help you navigate the New Albany  real estate market by offering you our exclusive home marketing plan as well as other home selling tools such as:

Until next time,

Kate & Tony