All posts by Tony Thomas

Chipotle Opens In New Albany!

New Albany Chipotle

Good Eats in New Albany!
It may not be considered “fine dining” by all, but ask any kid at New Albany High School where they prefer to eat and I’ll bet they’ll say “Chipotle”. And the lines I saw there last night confirm that the new Chipotle that opened in the Giant Eagle Shopping Center on New Albany Road West in New Albany is already a hit! I haven’t tried it yet, but I’m sure their burrito bowl will be delicious when I do! Word is that several additional restaurants will open in New Albany before the year is out! Stay tuned.

New Albany Real Estate Stats – Mid Year

New Albany Real Estate is Back!

All I can say is Wow!  Sales of New Albany real estate continues strong and bucking the trend in Greater Columbus.  For the first half of 2011, unit sales of single family homes are up 20% over same time last year.  Unit sales in the Greater Columbus area are
down 15% for the same time frame.

Will it continue?

The number of homes “in contract” at the end of June are up 50% over last year which leads me to believe that the New Albany trend will continue into the 3rd quarter.  These stats are pretty amazing considering the inventory of homes available for sale in New Albany is down 23% over this time last year.  Sustainability of the trend will depend on if we can rebuild the inventory of homes available for sale.   If you’ve been thinking about selling but have been holding back, it looks like now is the time to
get into the market!   Call Kate or Tony Thomas today!

 

 

Neighborhood Active In Sold Sold YTD Sold YTD Ave  
  Listings Contract June’11 2011 2010 $/Sq Ft DOM
The Preserve 12 3 3 14 15 $103 86
Albany Park 6 1 4 10 2 $97 66
Windsor 3 3 0 7 5 $116 118
Hampsted 24 5 5 23 13 $115 66
NA Links 25 11 2 23 16 $113 118
New-C College* 8 2 2 4 4 $118 222
NACC < $1M** 48 20 11 44 39 $151 124
NACC > $1M 24 1 5 10 10 $206 154
               
Tot Plain Local School District 194 61 37 163 136 $128 112
               
*    Includes Tidewater, Saunton, Enclave and
Wentworth
     
**  Includes NACC and The Reserve          

 

Great Advice from My Coach

My Business coach, Ken Goodfellow, sends me a “Monday Momentum” email.  I thought this week’s was particularly good, so I asked him if I could  share.  Thanks Ken.

Let me know what you think.

Do you ever see people that just seem to have it all together? People that are just so calm, cool and collected about everything?
Then there are the others that are out of control and running 110 miles an hour. The question is what one would you rather be? The reality is you can be much more in control if you pay attention to these things:

  • If you have actual goals that you are working towards.
  • If you have a plan that you are following.
  • If you have a schedule that works and you have the  discipline to follow.
  • If all areas in your life are kept well balanced.
  • If you have discipline to work hard and take time off  for life

So if you want to take control and have a great day, week, and month try following the above. It will help.

NEW! QR Codes for New Albany Real Estate

Kate & Tony Thomas Out Front (Again)

In our effort to always bring cutting edge marketing to our clients, we have just introduced QR codes on our listing yard signs.  We were first to use 800 #s, then texting and now QR.  So What’s QR Code? 

QR codes are like a UPC code in the grocery store, except instead of recording a price and a SKU, when you scan them with your smart phone,  they take you directly to a web page.  Below is a QR code for our home page at www.newalbanyohio.com.   

QR Code for www.newalbanyrealty.com

What’s the Real Estate App?

Okay, so, you’re driving along beautiful Elm St and you see the home of your dreams with one of our For Sale Signs in the yard.  It has a QR code.  Roll down your window, pick up your smart phone, zoom in on the QR code and scan.  You will be immediately taken to the specific web page for this home.  take a virtual tour, get all the details and pricing info and never leave your car.  WOW!

How do I get the App?

 Most Droids come with the bar code / QR code scanner.  Blackberry users can down load the app from Blackberry world.  All others can download readers from:

  • I-nigma
  • Scanlife
  • Neo reader

How Do I get my home sold quickly with QR technology?

Contact Kate and Tony Thomas at New Albany Realty, of course! 🙂

Ackerly Park Parade of Homes Sneak Peek!

Last week, we (New Albany REALTORs) went on a walk-thru of the 8 amazing new homes under construction in Ackerly Park here in New Albany.  We saw some exciting new things like a flat screen fireplace (really!), green (as in grass) roof, lovely master bedroom coffee bar, closet complete with rotating shoe carousel, and a very cool modern fireplace wall insert.  Incredible new garage flooring and outside entertainment patio masterpieces took our breath away!

It’s no surprise that kitchens and bathroom continue to be very important and Parade attendees will not be disappointed.  This year’s Parade kitchens and bathroom will highlight the latest and greatest in appliances, cabinetry, lighting, storage options, and plumbing fixtures.

The Parade of Homes will take place July 24-August 8, hours:

Monday-Thursday: 12pm-9pm
Friday and Saturday: 10am-9pm
Sunday: 10am-6pm
No admittance 1 hour prior to closing

Single Ticket admissions are available at the Parade site.  Ticket Price: $12, Parking: $2 per car, Children 12 and under free.  New this year is the Kids Village – a great entertainment venue within the parade for kids only! Bring them along this year to have fun of their own!

Here are just a few pictures to wet your appetite…

New Albany Real Estate Forcast

Land HO!

 

What do you see on the horizon?  Are we through the worst of the storm?  How do you think New Albany Real Estate is doing?

Here’s some interesting facts from presentation I did for the NA Realty Assn looking at the first 4 mos of this year.

On the Plus Side For New Albany Residential Sales

  • Total sales volume for New Albany is up 45% over LY vs the total Columbus Board up 26% vs LY.
  •  Total unit sales are up over last year.
  •  Average sales price jumped from $386.0 to $418.0
  • Average $ / sq ft (Value) dropped less than the previous 4 years

But, On the other hand

  • Total Sales Volume is still behind 2007 and 2008 levels.
  • Total unit sales are still bel0w 2007 levels
  • Average sales price is still below the 2006 high of $444.0
  • Average $ / sq ft (value) has dropped 17 % since 2006

So What does it all Mean?

Simply stated, it means that New Albany Home Sales the first four months of this year were substantially improved over the same period of 2009.  That said, LY was a really tough year, so I would expect to see improvement.  

We certainly have seen an increase in volume in all areas and a substantial slowing in the erosion of value as expressed by $ / sq ft.  One of the big unknowns is how much forward business the tax incentive pulled out of the Summer selling season.  

The Forcast Then?

Continued slow improvement.  However with a fragile economy, continued inventory surplus and skittish Buyers, it’s likely to continue to be a bumpy ride.

I’ll keep you posted (or blogged). 

New Albany Women’s Network Group Visit ZOO

The Polar Frontier

Kate joined her friends from the New Albany Women’s Network  (NAWN) for a docent lead visit to the new Polar Frontier exhibit at the Columbus Zoo  .   She said it was just incredible and snapped a few pics for me to include.

 

The Polar Bears are Back 

This brand new multi-$million  is just opening.  It’s just part of the continuing newness and excitement that helps keep the Columbus Zoo and Aquarium ranked #1 in the country.  It’s another reason why New Albany Ohio is such a great place to live.

New Look…New Features…NEWALBANYOHIO.COM

Check Out Our New Look

Real Time R E Trends

The leading web site for all things Real Estate in New Albany, NewAlbanyOhio.com , has a bold new look. Check it out!  We’ve kept the features you love, like searching New Albany Homes by price and updated our layout for easier use.

New Features

Now you can see real time New Albany real estate trendswith a click of your mouse. you can subscribe to have this data emailed to you automatically, or just come back at your convenience to check.

New Albany McMansions…Are They Selling?

What’s Going on with New Albany’s Big Homes ?

People often ask me, “Wow, what’s going on the all the big $ Million homes on the market in New Albany, aren’t they selling?”  The short answer is yes they are.  But when we look back in time and dig a little we can see some interesting things emerge.

New construction vs existing home sales 2005-2009

Drill Down to the Detail

While there is no denying that a reduction from 23 homes sold in 2005 to 7 homes sold in 2009 is staggering, closer examination reveals that much of the fall off was in new construction.  The resale for large homes market didn’t really move that much; 5 to 4.  

Good News for Sellers of $1M+ Resale Homes? Yes and no.  

So far this year there have 5 sales In New Albany vs 7 for all of last year. There are far fewer new McMansions for sale with which to compete. But, as of this posting there are over thirty $1M+ available for sale.  Based on even the accelerated rate of sales for the first four months, that’s a 24 month supply of inventory.

Your Eyes are not Deceiving You

The large number of  $1M+ New Albany homes currently for sale might give the impression that sales are off.  But in fact, resale is slightly ahead of  historic levels.  It is the inventory level that is high.  Unfortunately, for those of us who own these homes, there will continue to be price compression until the inventory comes more into balance with supply.

Selecting the Right Realtor to Sell your New Albany Home

It’s an Important Decision

Success and Failure Road Sign with dramatic clouds and sky.

In today’s challenging real estate market, selecting the right Real Estate professional to market and sell your home is more important than ever. Your ability succeessfully acomplish your goals is very much linked to the decision you make regarding the Real Estate agent with whom you list your home.

So How do I Choose?

RF242297There a great may good Reators from which to choose; so how do you do it? The best method is a personal referral from a friend or family member who has used a Realtor and was pleased with their experience.

You should list with a neighborhood expert. You want the Realtor listing you New Albany home to be the expert in the area; one with the knowledge, expertise, marketing savy and the respect of the Realtor community to get the job done.

Remember, a really good Realtor sells 20 -25% of his or her own listings. That means that there is a &5-80% chance that your home will be sold to someone who is working with another Realtor. You want you listing agent to be well known and respected by other Realtors.

Empiric Data is Available and Tells the Story

j0321206

Do your home work. There are plenty of facts and figures that will confirm that you are making a good decision. Some questions you would want answers would include:

How many homes do you sell per year? How long does it take your listings to sell vs the market average? What is your list price – sales price ratio vs the market? What is the average price poing of the homes you sell? How many homes have you sold in my neighborhood in the past 12 months? Do you have a team? Do you have a strong web presence?

Or Keep it Simple 🙂

If you live in the New Albany and want to sell you home, just call Kate & Tony at New Albany Realty. We’ll take great care of you and get you the results you want.