October 2008 YTD New Albany Real Estate Market Update

Despite what the pundits would have you believe, homes are selling!!! Year to date in New Albany, unit sales are only slightly off of 2007. October was the first month this year where unit sales of single family homes in the Plain Local School system fell significantly below 2007 figures. 20 homes sold during October in New Albany this year versus 29 homes that sold in October 2007. We will continue to watch it and keep you informed of all the changes we see in the market.

Stay tuned…the market will fully recover. That said, it’s important to keep everything in perspective. Let us know if you want to know the value of your home right now. We have some new cool software that gives you a very complete snapshot of what is happening in your neighborhood. We’d love to share it with you.  Contact Kate & Tony today. 

 
Neighborhood
Active
Listings
In
Contract
Sold
Sep 08
Sold YTD
Sept 08
Sold YTD
Sept 07
Average
$/Sq.Ft
 Ave.
DOM 
The Preserve 21 1 2 23 34  $    109 138
Albany Park 10 0 0 7 13  $    116 146
Windsor 9 3 0 9 9  $    114 90
Hampsted Village 21 10 6 44 24  $    119 121
New Albany Links 36 6 4 28 24  $    119 150
Tidewater/Enclave * 9 0 0 5 4  $    158 238
NACC < $1 million 65 5 3 49 57  $    156 170
NACC > $1 million 35 3 2 17 18  $    222 230
Total Plain Local
School District
267 36 20 239 238  $    133 145

*Includes Tidewater, Saunton, Enclave, & Wentworth

All data compiled is from the Columbus Board of Realtors YTD October 2008 MLS.

Leave a Reply

Your email address will not be published. Required fields are marked *