Tag Archives: neighborhood

Downsizing Tips – Ways to Make the Transition Easier

People choose to downsize or “right-size” their home for a number of reasons – simplify lifestyle, reduce housing costs, relocate to a new climate, the list goes on. Whatever your reason for wanting to make the transition to “smaller living,” considering the following tips to help make the lifestyle shift more manageable and less overwhelming.

downsizing-your-home2-1

Reimagine Where (and How) You Want to Live – If you have not finalized your next step yet, take some time to really think about what you want that next chapter to look like. Having a clear vision of where you are going will remove much of the uncertainty and allow you to focus on what needs to happen next.

Downsize Your “Stuff” – If you are moving to a smaller home, then you will not need as many things to fill it. And a clutter-free home definitely appeals more to buyers and sells faster. Before putting your home on the market, take some time to go through your personal and household items (even furniture) and be very selective about what you take with you. You may even decide that you want to have a whole new style in your new home!

Make Necessary Home Repairs and Improvements – Buyers do not like to work hard to envision themselves in your home. A home that is move-in ready and upgraded properly will always sell faster and for more money than one that requires a lot of work.

Don’t Go It Alone – Hire the Experts – The process of downsizing can feel a bit overwhelming. Take advantage of the amazing local resources available to help walk you through each step:

  • Realtor
  • Professional Organizer
  • Home Stager
  • Estate Sale Professional
  • Financial Consultant
  • Lender/Banker
  • Attorney
  • Mover

Want to learn more about the ins and outs of downsizing? We will cover these topics and more in detail at our free Downsize New Albany seminar on Oct. 19, 2016, at the Heit Center in New Albany. You’ll hear from a panel of local experts and have the opportunity to ask questions and pick up information about housing options and other services available in the area. Reservations are required. RSVP to info@newalbanyohio.com.

Can’t make it to the seminar, but still want to learn more? We would be happy to help! Contact us at 614-939-8944 or tonyt@newalbanyrealty.com, or visit us online at www.NewAlbanyOhio.com.

Check Out These Incredible New Albany Neighborhoods

Over the last several weeks, we’ve been telling you about New Albany’s various residential communities.

From the New Albany Country Club communities to those in New Albany Links, there is clearly something for everyone on this Central Ohio real estate market!

Today, we would like to tell you about a few additional residential communities located within this city – each with its own distinctive claim to fame.

Central Ohio Homes for Sale

Here are a few additional communities that you may consider looking at as a New Albany, Ohio home buyer:

Albany Park: This single-family home community was originally developed by Dominion Home. Albany Park consists of 120 homes, all of which offer spacious bedrooms, beautifully landscaped backyards and more!

  • Price Range: $200,000 to $325,000
  • Square Footage Range: 2,000 to 3,000

Ashbury Ridge: This New Albany neighborhood is comprised of more than 175 homes, all of which were developed by M/I homes. Although this community has a Gahanna zip code, it is served by the New Albany School District. Homes in Ashbury Ridge feature lovely fireplaces, large backyard decks, spacious walk-in closets and more!

  • Price Range: $150,000 to $250,000
  • Square Footage Range: 1,500 to 2,500

Chestnut Hill: With nearly 100 homes – all of which built between 1992 and 1994 – Chestnut Hill is an established and well-respected New Albany neighborhood. This community is served by the New Albany Plain Local School District. Homes in this community feature dramatic entryways, two-car garages and beautiful interior fixtures.

  • Price Range: $200,000 to $275,000
  • Square Footage Range: 1,500 to 2,500

Preston Commons: Technically located in Westerville, Preston Commons features darling homes for sale – all of which offer plenty of room to grow!

  • Price Range: $200,000 to $300,000
  • Square Footage Range: 2,000 to 2,500

Your Central Ohio Real Estate Expert

If you’re interested in learning about any of these unique New Albany residential communities, then please contact us, Kate & Tony Thomas, today!

We’ll provide you with even more details about the kinds of homes you’ll find in these communities as well as tell you about any available listings.

And if you want, you can even get your home search started right away by checking out our easy-to-use New Albany home-buying tools, one of which allows you to search by price range:

Until next time,

Kate & Tony

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.

Sunny Skies Should Continue in New Albany, Ohio

Home Sales Up 29% YTD in New Albany

I just pulled the Year-to-date statistics for home sales in New Albany and was very pleasantly surprised at how strong they are.  Through May, 2011, 124 single family homes have sold in the New Albany Plain Local School District versus 96 sold through May in 2010.  This is a remarkable 29% increase in homes sold this year over last.  TY/LY sales for the Greater Columbus area are down 16%.

Need Homes to Sell to Sustain Trend

With this leap forward in home sales, and a large inventory of homes currently in contract, New Albany is positioned to have a truly excellent year.  The only stumbling block that I see right now is if the low number of homes for sale is not replenished.  Inventory levels are off significantly.  In order to sustain the current trend, it’s time for the “don’t have to sell, but want to sell” sellers to re-enter the market.   If you fit that description or are a “have to sell” seller, then we want to talk with you!  Call or email us today.

New Albany Home Buyers Eliminate Many Homes For Sale

I recently read a blog article by Linda Craft, a member of our CKG Coaching Network, that really resonated with me.  I want to share a few of the high points.  Home buyers shop for a home differently than most sellers think.  Our Greater Columbus real estate market tends to favor buyers.  As a result, today’s Buyers are looking to eliminate houses they view instead of choose them.  

Eliminate a Home versus Choose a Home 

Today’s buyer has many choices of homes to choose from and has the ability to preview as many as their time allows.  Using the internet, buyers can preview and “eliminate” hundreds of homes for sale.  As they view these homes, they are looking for reasons to eliminate it from their list.  The reasons are varied – they may think it needs too much work, is too small, don’t like the color it’s painted, etc.  The reality is that the house may be a good fit for them and the reason they choose to eliminate it from the list could be easily rectified.  

So What Are Buyers of New Albany Homes Looking For?

 Today’s Buyer will continue their search for the “perfect” house – the one they don’t need to do anything to but move right in. They prefer updated finishes in the kitchen, baths, and choice of home hardware.  They prefer neutral décor, brightly lit and uncluttered rooms. 

When preparing to list a home, Kate & Tony provide Sellers with a complimentary consultation with a professional stager to help make the home “buyer ready.”  We want to give buyers looking at your home a reason to choose and not eliminate. To discuss preparing your home for in more detail, just contact Kate & Tony Thomas, your New Albany real estate experts at info@newalbanyohio.com.

New Albany Real Estate Market Improves for 2010

Three Key Metrics All Positive

A look at a few key metrics tell the story.  New Albany real estate is on the rebound.  While first portion of 2010 was driven by tax incentives and first time home buyers, we really just “borrowed” future sales from July and Aug to hit the June 30th deadline.  We were really pretty flat through mid 3rd Quarter 2010.  Then we had a good finish and pushed ahead of 2009 in these important areas:

Traffic & Sales…Up

 

 

In 2010, 302 homes closed in New Albany vs 272 the previous year.

Median Sale Price …Up

 

The median sales price for homes sold in New Albany increaded from $283,000 in 2009 to $308,000 in 2010.

Median Days on Market…Down

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The median home in New Albany was on the market for 88 days in 2010 – in 2009, it was on the market 104 days.

So what’s all this mean to me?

Well if you are a Buyer trying to time the market (if you can do this, let me and my financial advisor know asap) we may well be seeing the bottom.  If you are a Seller, you may be encouraged that the worst may be behind us.  In any event, if you want to buy or sell a New Albany home, now is the time and Kate & Tony are the ones to help.  Let us show you how Kate & Tony’s service and results make them the market leaders in New Albany Real estate.

P.S. You can also just search the MLS yourself to see how your home compares…

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          

 

On-Line Home Value Sites Can Be Misleading

We recently did a market analysis for a prospective seller in New Albany.  They were surprised that my actual analysis was different from the one they got using an on-line valuation service.   Zillow.com and Cyberhomes.com are two sites that will generate a suggested market value of your home using computer models.  We find their results to be very hit or miss.

These programs cannot take into consideration the location of a home within the neighborhood or any advantages/disadvantages that a lot has.  It does not consider condition or improvements an owner has made.  The results can be really off if there aren’t enough comparables in the area from which to pull.

While these sites can provide a general overview of a neighborhood, I recommend that you consult a licensed full-time REALTOR™ who is a specialist in your neighborhood for an opinion of value.  A good REALTOR™ knows the “nuances” of the homes for sale, in contract, and homes that have sold.  They will give you the best possible estimate of the value for your home in today’s market.   

Tony and I specialize in all the neighborhoods of New Albany – please contact us if we can assist you with a market analysis of your home.