While the real estate market in Columbus remains a sluggish, the news in New Albany is a little brighter. Unit sales of single family homes in New Albany continues to outpace last year despite the fact that unit sales for the greater Columbus area as reported by the Columbus Board of Realtors is down 15% year to date. In August, unit sales in New Albany were higher than the same time last year.
The average home sales price in New Albany based on $ per sq foot is down ~6% over the year to date numbers from 2007. Generally, prices remain depressed as long as inventory levels remain high. Last year there were 243 homes on the market in New Albany (Plain Local Schools) on September 1st and this year there are 286 homes on the market or an 18% increase in inventory. As inventory levels come down, we expect to see average sales price begin to rise once again. Don’t be discouraged. Homes are selling in every neighborhood in New Albany. Contact us with questions about your own neighborhood or if you would like to buy or sell a home.
|The Preserve||18||6||2||18||28||$ 109||235|
|Albany Park||8||0||0||7||9||$ 116||164|
|Hampsted Village||39||8||3||35||19||$ 121||145|
|New Albany Links||41||8||1||19||20||$ 119||147|
|New Off Central College Road*||7||1||1||4||4||$ 146||267|
|NACC < $1 million||65||2||5||44||44||$ 155||200|
|NACC > $1 million||36||4||3||13||14||$ 238||313|
|Total Plain Local
* Includes Tidewater, Saunton, Enclave, & Wentworth
Data gathered from the Columbus Board of REALTORS MLS.