Archives: July 2013

Hot Off the Press! First Half Real Estate Recap for New Albany!

As your New Albany real estate advisers, Tony and I thought you might be interested in how our market is faring this year compared to last year. Inventory is down, days on market are declining and prices are heading upward – especially on the 50+ homes sold in June!

Below are the year to date statistics for the communities in New Albany. Without exception, all neighborhoods have seen 2013 prices rise anywhere from $4/square foot to $15/square foot, depending on the community. The average sales price in New Albany school district rose 9% over the same time last year. The number of homes sold through June is flat with last year but I expect that to see this change when the unprecedented 90 homes currently in contract close by summer’s end.

New Albany, OH 2013 Real Estate 1st Half Recap

Neighborhood Active
Listings
In
Contract
Sold
June
 2013
Sold YTD
2013
Sold YTD
2012
Ave
$/Sq Ft
Ave
DOM
The Preserve 3 8 3 20 28 $108 27
Albany Park 4 4 2 8 8 $119 46
Windsor 6 2 3 12 12 $112 37
Hampsted 5 11 12 32 24 $119 29
NA Links 7 11 7 17 22 $117 38
New-CCollege* 8 6 1 8 5 $137 125
NACC < $1M** 37 21 13 39 36 $171 81
NACC > $1M 12 2 3 9 8 $231 69
Tot Plain Local
School District 114 90 51 177 180 $143 64
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve

 

While we haven’t regained all the ground that was lost in the past 5 years, we are well on our way. Real estate trends vary from town to town and neighborhood to neighborhood, but it’s safe to say that all of Central Ohio is following the same trends we are seeing in New Albany.

If you have any questions or want to discuss selling or buying your New Albany home, please don’t hesitate to contact Tony or me. We are always here to serve you!  Happy July!

Kate & Tony

Why New Albany Golf Courses Are Gaining Attention

New Albany golfingNew Albany Ohio golf courses are setting a new trend that other communities as far away as Seattle are taking note of, according to a recent article I read.

Evidently, golf courses in our area are starting to put a greater emphasis on natural and environmentally-friendly landscaping.

While our Central Ohio golf courses have been recognized for years as being superior courses, this is sure to improve their reputations even more so!

Golfing Community in New Albany, Ohio

The recent Associated Press article I read noted that the New Albany Country Club has begun setting out bird boxes throughout the course.

Country Club officials have also stopped mowing some high grasses around the golf course in an effort to make the landscape a little bit more natural.

Here are some other steps the Country Club has taken to reach its goal:

  • Adding more space to wildlife
  • Cutting back on pesticide use
  • Adding bird boxes

The result of their recent efforts to make the golf course more natural have been quite positive!

For one, the Country Club is saving money on lawn mowing!

Also, the new scenery is attracting new people to the golf course who are interested in seeing local flora and fauna while enjoying a round of golf.

Other Central Ohio golf courses that have taken a similar approach as the New Albany Country Club include:

  • Blacklick Woods in Reynoldsburg
  • Longaberger Golf Club near Nashport

New Albany Country Club’s efforts earned it a certification under an Audubon International program that encourages golf courses to be more environmentally-friendly.

That’s because the higher grass and reduction of pesticides means that fewer pesticides are getting in the water of these courses.

Living in New Albany Ohio’s Golf Communities

The certified sanctuary golf course recognition at the New Albany Country Club has helped foster a sense of pride among golfers who play there, officials said.

If that sounds like the kind of community in which you would like to live permanently, please contact us, Kate & Tony Thomas, today.

We’ll let you know about available New Albany Country Club listings as well as provide you with such valuable resources as:

Until next time,

Kate

Speculative Data Center Coming to New Albany

New Albany data centerA new development is coming to this area and planners hope it will draw even more business to New Albany!

Evidently, Compass Data Centers recently picked our Central Ohio city as the location of its next speculative build.

New Albany Development May Help Boost Local Economy

According to a recent article I read, Compass Data Centers will construct a speculative data center in New Albany soon.

This means that the company has not secured a specific tenant to occupy any of the five data center pods that it plans to build.

While this may seem risky, the Compass CEO said the company is already working with local officials to attract clients, including tax incentives for future tenants.

According to plans, each tenant with receive a partial seven-year property-tax abatement.

The company will not start constructing the building until its secured at least one tenant – although it’s doing the footwork now so that once it signs a tenant, the company will be able to construct the building within six months.

The data center is expected to be between 10,000 and 21,000 square feet.

Company leaders say that they see a lot of promise in New Albany for the data center industry.

After all, there are several Fortune 1000 companies located here, including:

  • Limited Brands
  • Abercrombie & Fitch
  • TJ Maxx

Other businesses located in New Albany include Nationwide Insurance and Discover Financial.

Plus, as company officials noted, New Albany has a great supply of fiber infrastructure as well as available skilled workers – especially given the city’s proximity to Ohio State University.

Search Available New Albany Ohio Homes Now and Relocate Here!

It’s an exciting time for our city, which appears to be on the frontier of establishing itself as an ideal place for data centers.

Even if you’re not in that industry, the creation of this data center will further help diversify the local jobs market and help strengthen the economy.

If you’re interested in buying a New Albany home and living here permanently, please contact us, Kate & Tony Thomas.

When you do, we’ll be happy to provide you with straight-forward advice as well as valuable Central Ohio home buying tools like:

You may even want to start looking at specific New Albany neighborhoods, like:

Until next time,

Kate

 

New Health Facility Coming to New Albany, Ohio

New Albany Health CenterA new health facility is coming to the New Albany, Ohio area after officials voted to issue bonds to help build it.

According to a recent article I was reading, the New Albany City Council recently voted to issue $7.6 million in bonds to build a 52,000-square-foot community health facility.

This is an exciting new development that is sure to improve quality of life for everyone living in and around our Central Ohio community!

Health Facility to Be Built with Help of Bonds in New Albany

The new community health facility will be constructed on land that is currently owned by the New Albany Co.

The land is at the southwest corner of Village Hall and Johnstown Roads.

Here are some of the features that are called for in the construction plans:

  • Community rooms
  • Demonstration kitchen for Healthy New Albany
  • Teen room
  • Art room
  • Fitness facility operated by Integrated Wellness Partners and OSU

Then on the second floor, planners say that Ohio State University Wexner Medical Center and Nationwide Children’s Hospital will provide medical services.

When the city issued the bonds for the project, they specified that $7.6 million will be dedicated to the nonprofit part of the building and $4.15 million will be dedicated to the Integrated Wellness Partners’ portion of the building.

Relocating to New Albany Ohio: A Fantastic Choice

As you can see from the initial plans for this health center, every segment of the population is sure to benefit from its construction, adding one more reason to the long list of reasons to live in New Albany, Ohio!

If you’re interested in relocating to Central Ohio anytime soon, please contact us, Kate & Tony Thomas, today!

We’ll provide you with helpful home-buying advice as well as tell you about the various New Albany neighborhoods, such as:

Until next time,

Kate