All posts by 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

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 Realty Fall Tour of Homes Sunday

 

Sunday, October 23, 2011, 1pm – 4pm

New Albany Realty Fall Tour of Homes

 

Join us for the annual New Albany Realty Fall Tour of Homes this Sunday, October 23rd, 1pm – 4pm.  Over 25 homes will be held open in almost every neighborhood for you to preview the variety of style, decor and classic Georgian architecture these beautiful homes have to offer.  Maps will be available at New Albany Realty, 220 Market Square, starting Friday, October 21st.

 

Kate & Tony’s Featured Homes on Tour Sunday:

 

7108 Tumblebrook Drive, $415,000

 

2 Alban Mews, $449,000

 

6796 Rosewell Lane, $512,900

 

3762 Pembrooke Green East, $725,000

 

4380 Biltmore Ct, $759,900

 

7693 Sudbrook Sq., $892,000

 

3961 Redford Court, $1,049,000

 

4090 Baughman Grant, $1,875,000

Kate & Tony Thomas, New Albany Realty
www.NewAlbanyOhio.com
614-939-1234

Why I Love Living In New Albany

What’s New in New Albany, Ohio?

I just came from a presentation where the topic was “What’s New in New Albany?”  Bill Ebbing, President of New Albany Company and Jennifer Chrysler, Director of Development for the City of New Albany talked about all of the development taking place at the business campus.  Just last week the New Albany Chamber of Commerce outdid themselves once again with their Annual New Albany Community Update Breakfast.  The theme was “New Albany Synergy” where the mayor and various community leaders shared the progress on all aspects of development in business, cultural, educational and civic areas.  As I was listening, I was reminded of all of the reasons Tony and I have enjoyed making New Albany, Ohio home for the past 16 years.

A Master Planned Community

The Master Planning that went into New Albany is unlike anywhere else I know.  The architecture is timeless – New Albany will look as beautiful and “right” 50 years from now as it does today.  It’s pedestrian friendly with 27 miles of leisure trails, many parks and green spaces.  New Albany is convenient and accessible to shopping, Easton (10 minutes) and Downtown Columbus (20 minutes) and yet there is still a rural feel to the area.

The New Albany School System is nationally ranked and we have a state of the art Performing Arts Center, a branch of the #1 ranked Columbus Metropolitan Library, and a championship golf course and country club

With our offices right here in Market Square, Tony and I have the opportunity (along with 12,000 people who work in the in the New Albany Business Campus) to work and play in the same place.  This may sound like a commercial but sometimes it’s nice to reflect on what a great place New Albany, Ohio has become.

Contact Tony and I to learn more about all New Albany has to offer.


New Albany Real Estate Bucks the Trend

National and Columbus Average Home Prices Drop 2nd Quarter 2011

The National Association of REALTORS® just announced that prices for existing homes fell an average of 2.8% nationally  2nd Quarter this year vs. the same period last year, with the average home selling for $172,000.  The Columbus Board of REALTORS® indicate that average homes prices in the Greater Columbus market fell 3.6% for the same period.

New Albany Ohio Prices Up Over 2011

New Albany, Ohio (Plain Local School District) average home sale prices increased 1.6% in the 2nd Quarter 2011, with the average home price at $443,000.  Visit www.NewAlbanyOhio.com to check out the latest market conditions in your neighborhood or contact Kate & Tony Thomas directly at info@NewAlbanyOhio.com.

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Franklin County Property Appraisals Released Today

Check your mail for your new home valuation!

We know property values have fallen since the last county-wide appraisals were done in 2005 but just how much?  You’ll know soon.  The Franklin County Auditor’s office is mailing the new valuations today!  It’s unprecedented and will be interesting to see what they look like.  While the auditor reports that Franklin County property values are down 6.7% from 2005, I expect to see a deeper decline in the New Albany valuations.

What if you don’t agree with the new valuation?

If you disagree with the new value established by the Franklin County auditor, you can present your case directly to county appraisers at informal value reviews held around the county beginning August 31st.  For a complete list of dates and locations for these meetings, visit the Franklin County Auditor site.  The New Albany community meeting will be held on September 8th at the Church of the Resurrection Ministry Center at 6300 E Dublin Granville Road in New Albany from 11 a.m. to 7 p.m.

Contact Kate or Tony if you have any real estate questions would like us to provide local market information to help you prepare for your meeting.   Good luck!

Visit www.NewAlbanyOhio.com to search the MLS and get up-to-date New Albany and Franklin County real estate information.