Archives: January 2013

Call Center to Add Hundreds of New Jobs to New Albany, Ohio

Quality of life is about to get even better in New Albany, according to a recent article I read!

Evidently, there is a new company that’s coming to our Central Ohio community that is expected to add hundreds of jobs to the area!

Living in Central Ohio

According to the latest news, debt collections agency iQor Inc., is bringing a major call center operation to New Albany.

Currently the center is located in northeast Columbus. However, that center is about to arrive in New Albany and is expected to bring more than 500 jobs with it initially and ultimately up to 800 jobs!

The New Albany city council recently considered an incentive deal to attract the New York City-based company to the New Albany Business Park.

When the company relocates to New Albany, it will move roughly 500 jobs from 3,000 Corporate Exchange, which is located in northeast Columbus.

In addition, another 300 full-time jobs are also expected to be added through 2017.

The center will occupy about 40,000 square feet of space in the single-story New Albany Center of Technology, located at 7525 West Campus Road.

The company is expected to relocate to the center by early 2013.

The recent news about iQor Inc., is great news not only for those who are looking for a job with the center but also for the greater New Albany community.

After all, as more people relocate here, our residential tax base will become more robust, which will stir economic activity in our community.

Plus, our community will become increasingly attractive to investors and developers.

All in all, this new call center coming to New Albany is a win-win for everyone!

Buying and Selling New Albany Real Estate

If you’re interested in making New Albany your next permanent home, then contact us, Kate & Tony Thomas, today!

We’ll let you know about available Central Ohio homes for sale as well as provide you with helpful home-buying resources like:

And if you’re already a New Albany home owner and considering listing your property, be sure to contact us as well for a free home evaluation!

Until next time,

Kate & Tony

New Albany Ohio Real Estate – 2012 Home Sales Recap

New Albany home salesIt’s Officially a Seller’s Market!

Sales of single family homes in New Albany in 2012 exceeded 350 units for the first time in 7 years.  360 homes sold in New Albany this year compared to 344 homes sold last year.  2005 was the last year New Albany saw home sales in this range when 368 homes sold.  These numbers are hard to believe since inventory levels have remained at their lowest level in 10+ years.  We ended the year with a 2.7 month supply of homes based on the 2012 rate of sale.  This definitely meets the criteria for a “Seller’s Market”.  It’s unlikely that we can sustain this rate of sale if inventory levels don’t begin to rise.

Dwindling inventory typically will drive prices up.  Several New Albany neighborhoods saw prices rebound nicely last year – specifically Hampsted Village, New Albany Links, Albany Park and Windsor.  The sales prices for homes over $1 million sold in the New Albany Country Club also increased nicely over 2012.  Sale prices in the rest of the New Albany were in the same range as 2012 but are poised to head up this year.

Rising home prices and historically low interest rates creates the perfect scenario for both Sellers and Buyers this year.  If you are considering selling, you will benefit from increasing home prices and a ver low inventory of homes for sale.  If you are a buyer, you want to buy before prices increase too much and while interest rates are crazy low.  Call Tony and me to discuss your particular situation.  The chart below is the Year End results for the major neighborhoods in New Albany, Ohio.  If your community is not included, just let us know.  We will send you the comparable information for your neighborhood.

New Albany 2012 Year End Recap
Neighborhood

Active

In

Sold 4th

Sold

Sold

Ave

Ave

Listings

Contract

Qtr 2012

2012

2011

$/Sq Ft

DOM

The Preserve

1

4

10

57

26

$104

54

Albany Park

1

2

5

14

13

$106

34

Windsor

2

5

4

19

13

$109

60

Hampsted

3

5

7

43

55

$118

33

NA Links

2

2

11

46

51

$116

71

New-CCollege*

4

3

3

10

14

$120

102

NACC < $1M**

27

10

14

77

89

$157

100

NACC > $1M

12

2

2

16

18

$221

134

Tot Plain Local
School District

81

46

75

360

344

$125

74

*    Includes Tidewater, Saunton, Enclave and Wentworth
**  Includes NACC and The Reserve

 

If 2013 is your year to make a move, we want to be a part of it!  Stay in touch and we’ll do the same!   Have a great year!

Best,

Kate & Tony

 

 

New Albany, Ohio Business Park Declared a Fantastic Economic Engine

I recently read an article that gave a glowing review of the New Albany Business Review.

During the 2013 edition of Columbus Business First’s annual Commercial Developers Power Breakfast on Feb. 20, officials are expected to spotlight the New Albany Business Park as a growing economic engine in the Central Ohio area.

In making the announcement in January, officials cited the park’s robust growth in recent years – even amid a sluggish economic climate.

Living in New Albany, Ohio

The Power Breakfast will be held February 20 at the Hyatt Regency in downtown Columbus.

Leading up to this event, I thought I would tell you a little bit about the New Albany Business Park to give you a sense of why it was selected to be featured at the Power Breakfast.

Considered the largest master-planned corporate business park in the state, the New Albany Business Park sits on more than 3,000 acres and was designed to inspire workers.

The business park offers large and small enterprises the use of their broadband network New Albany Net, which is considered one of the most powerful networks in the country.

This 96-strand fiber network connected businesses to research and education intuitions all over the world.

The business park also features a convenient network of roads that allows for easy access to buildings throughout the park.

For instance, three interchanges help disperse traffic throughout the park so that there is not a terrible traffic jam at rush hour.

All in all, the corporate business park in New Albany features four Innovation campuses, all of which were designed to inspire growth, creativity and collaboration.

It’s for these reasons and more that New Albany Business Park is considered a fantastic place to set up a business in Central Ohio.

Relocate to New Albany, OH Today

No doubt, the New Albany Business Park has helped bring plenty of jobs to the New Albany area.

But the park is just one part of what makes living in New Albany so great. From the excellent public school system to the finely-crafted single-family homes – New Albany Ohio has a lot to offer!

If you’re interested in investing in a piece of New Albany real estate anytime soon, please contact us, Kate & Tony Thomas, today!

We’ll be happy to let you know about available New Albany OH listings as well as answer any questions you may have about living here.

Until next time,

Kate & Tony

 

New School Coming to New Albany, Ohio

A new school is about to be added to New Albany’s already stellar public school system.

Voters approved a New Albany schools tax recently that will help pay for a new school building.

During the recent election, 50.7 percent of voters approved the tax, the Franklin County Board of Elections reported.

It was a narrow victory: Evidently, the measure was passed with just 43 extra votes.

Still, it was a record turnout year for voters, with 575,000 ballots cast – which is roughly 71 percent of voters. Comparatively, the 2008 election saw 67 percent of voters participating.

Public Education in New Albany

During the November election, the New Albany schools request combined a $45 million bond issue with a 4.24 million operating levy.

The new school building will likely house grades two through eight.

It will cost taxpayers about $209 more a year per $100,000 home value. With that configuration, it will generate about $3.5 million a year.

The new school is a welcome addition to the New Albany school district. After all, the district is the fastest growing in Franklin County.

At one point, the district was 700 students over capacity.

With the new school, the district will be able to eliminate any mobile units that have been used for education.

It will also be able to provide better lunch schedules for students.

The $33.7 million new school is expected to break ground in summer 2013, with completion expected for the 2014-15 school year.

We’ll keep you posted as more information comes out about this new school!

Your Dedicated New Albany, Ohio Real Estate Experts

If you’ve been thinking lately about purchasing a New Albany, Ohio area home, then please contact us, Kate & Tony Thomas.

We’ll be happy to answer any questions you may have about local schools, neighborhoods or anything else you might want to know more about in New Albany.

We’ll also provide you with a number of tools aimed at helping you navigate the Central Ohio housing market, such as our mortgage calculator and New Albany home finder.

Until next time,

Kate & Tony

New Albany Ohio Real Estate – 2012 Home Sales Recap

Its Officially a Sellers Real Estate Market in New Albany!

Sales of single family homes in New Albany in 2012 exceeded 350 units for the first time in 7 years. 360 homes sold in New Albany this year compared to 344 homes sold last year. 2005 was the last year New Albany saw home sales in this range when 368 homes sold. These numbers are hard to believe since inventory levels have remained at their lowest level in 10+ years. We ended the year with a 2.7 month supply of homes based on the 2012 rate of sale. This definitely meets the criteria for a “Seller’s Market”. It’s unlikely that we can sustain this rate of sale if inventory levels don’t begin to rise.

Dwindling inventory typically will drive prices up. Several New Albany neighborhoods saw prices rebound nicely last year – specifically Hampsted Village, New Albany Links, Albany Park and Windsor. The sales prices for homes over $1 million sold in the New Albany Country Club also increased nicely over 2012. Sale prices in the rest of the New Albany were in the same range as 2012 but are poised to head up this year.

Rising home prices and historically low interest rates creates the perfect scenario for both Sellers and Buyers this year. If you are considering selling, you will benefit from increasing home prices and a ver low inventory of homes for sale. If you are a buyer, you want to buy before prices increase too much and while interest rates are crazy low. Call Tony and me to discuss your particular situation. The chart below is the Year End results for the major neighborhoods in New Albany, Ohio. If your community is not included, just let us know. We will send you the comparable information for your neighborhood.

New Albany, OH 2012 Real Estate Year End Recap

Neighborhood Active
Listings
In
Contract
Sold 4th Qtr 2012 Sold
2012
Sold
2011
Ave
$/Sq Ft
Ave
DOM
The Preserve 1 4 10 57 26 $104 54
Albany Park 1 2 5 14 13 $106 34
Windsor 2 5 4 19 13 $109 60
Hampsted 3 5 7 43 55 $118 33
NA Links 2 2 11 46 51 $116 71
New-CCollege* 4 3 3 10 14 $120 102
NACC < $1M** 27 10 14 77 89 $157 100
NACC > $1M 12 2 2 16 18 $221 134
Tot Plain Local
School District 81 46 75 360 344 $125 74
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve

 

If 2013 is your year to make a New Albany real estate move, we want to be a part of it!  Stay in touch and we’ll do the same!   Have a great year!

Until next time,
Kate & Tony

New Albany, Ohio Real Estate Market Report for January 2013

Greeting from the New Albany, Ohio real estate market! We hope your new year is off to a fantastic start and that you’re finding it easy to stick to any resolutions you may have set.

Today, we’re going to tell you about recent activity on the New Albany, Ohio real estate market.

Right now, the data is suggesting that it’s a buyer’s market, given that the median sales price has declined year-over-year and the total number of home sales has only increased slightly.

New Albany Homes for Sale

Here’s a summary of recent activity on the New Albany, OH housing market:

  • Currently there are 148 homes for sale on the market, including 97 in some stage of the foreclosure process.
  • Between September and November, the average price per square foot for New Albany homes was $130, down 15.6 percent when compared to the same period last year.
  • Also during that time, the median sales price for homes was $227,900, based on 101 home sales.
  • When compared to the same period in 2011, the median sales price has actually decreased by 20 percent, or about $57,100.
  • Meanwhile, the total number of home sales has increased by 4.1 percent.
  • Broken down further, during the week ending on Dec. 26, the median sales price for a 2-bedroom New Albany home was 190,500
  • The median sales price for a 3-bedroom home was $223,750
  • And the median sales price for a 4-bedroom home in New Albany was $374,000
  • Here’s a look at how other communities compared when it came to median sales price:
    • Blacklick: $123,000
    • Gahanna: $137,500
    • Westerville: $160,500
    • Pataskala: $137,000
    • Whitehall: $45,000
    • Reynoldsburg: $89,250
  • During the week ending on Dec. 26, the average listing price for homes was $386,944, up 3.6 percent from the week before.
  • During that previous week, the average listing price was about $373,500.
  • Here’s how nearby Central Ohio communities compared in terms of average listing price:
    • Blacklick: $162,671
    • Gahanna: $205,922
    • Westerville: $246,375
    • Pataskala: $194,633
    • Whitehall: $106,070
    • Reynoldsburg:$129,961

Now is a Great Time to Purchase a New Albany, OH Home for Sale

If you would like to take advantage of the buyer’s market that’s currently characterizing New Albany, Ohio’s real estate market, then please contact us, Kate & Tony Thomas, today!

We’ll tell you about the various New Albany neighborhoods as well as let you know about the various New Albany home listings.

For now, please take a few moments to browse some of our online relocation resources, which include:

Until next time,

Kate & Tony