New Albany, OH Market Update

Year to Date Results through 6/30/2010

The first half of 2010 results are in and the New Albany real estate market continues to show some signs of improvement.  Unit sales in every New Albany neighborhood are up over 2009.  Sales in the total New Albany school district are up 41% over the same time last year.  The 137 homes sold in New Albany are a marked improvement but a far cry from our peak in 2005 where 188 homes sold in the first half of the year.  Average $ per sq ft of the homes sold slid ~5% over the same period as last year.

Will the New Albany sales trend continue?

The home buyer tax credit definitely created some business into the first half of the year.  It’s a little early to know if we just moved business from 3rd and 4th quarter into the first half of the year.  We will track it closely.  Hopefully, interest rates at the lowest level they have been since these rates have been tracked will help keep homes selling.  There are some great homes available for sale.  Don’t let these historic rates pass you by. 

If you are considering a move or want to understand the changes that have taken place in your neighborhood, ask Kate & Tony, New Albany’s best source for real estate information.  The chart below shows the New Albany sales results by neighborhood for the first half of 2010. 

New Albany 2010 Year To Date Recap through 6/30/2010      
               
Neighborhood Active In Sold Sold YTD Sold YTD Ave Ave
  Listings Contract June’10 2010 2009 $/Sq Ft DOM
The Preserve 13 2 4 15 13 $104 80
Albany Park 3 2 2 $114 40
Windsor 8 5 1 8 5 $103 84
Hampsted 22 7 3 13 9 $115 80
NA Links 45 7 2 16 13 $109 166
New-CCollege* 5 3 2 4 $133 474
NACC < $1M** 62 11 11 38 32 $149 148
NACC > $1M 33 2 3 10 6 $205 259
Tot Plain Local              
School District 252 40 36 137 97 $120 137
               
*    Includes Tidewater, Saunton, Enclave and Wentworth      
**  Includes NACC and The Reserve          

 

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