New Albany Beats the Averages!
You don’t have to look too hard for some encouraging real estate news in New Albany from last year. Overall, prices stabilized and unit sales were up 13% over the 2009 numbers versus a 5% decrease in unit sales in the entire Columbus Board of Realtors. As you will see in the chart below, some neighborhoods faired a little better than others. The New Albany Links and New Albany Country Club communities significantly improved in units sold but lost a little ground in sales prices while The Preserve and Albany Park saw improvement in sales prices.
It’s early to predict where 2011 will take us but there appears to be some good pent-up demand by both Buyers and Sellers based on the number of phone calls that Tony and I are receiving. If you are one who has chosen to remain on the sidelines these past few years, this is a good time to consider jumping back in! As a seller, the inventory is low compared to previous years. As a buyer, prices and interest rates remain low (though showing signs of increasing). Call us to discuss your particular situation. The chart below is the Year End results for New Albany, Ohio. If your neighborhood is not included, just let us know. We will send you the comparable information for your neighborhood.
New Albany 2010 Year End Review
|Neighborhood||Active||In||Sold||Sold||Sold||Ave ’10||Ave ’09||Ave|
|Listings||Contract||Dec ’10||2010||2009||$/Sq Ft||$/Sq Ft||DOM|
|NACC < $1M**||54||9||5||74||62||$147||$150||151|
|NACC > $1M||24||1||1||17||10||$208||$220||260|
|Tot Plain Local|
|* Includes Tidewater, Saunton, Enclave and Wentworth|
|** Includes NACC and The Reserve|
Stay in touch and we’ll do the same! Kate & Tony Thomas