A year end review shows that while the real estate market slowed down in 2007, is it may not be the doom and gloom picture painted by the national media. In fact, Forbes Magazine recently ranked Columbus as the 3rd most stable housing market of the 40 largest American cities. In Hampsted Village, the average 2007 sales price was $358,800, compared to 2006, where the average sales price was $355,891. The biggest difference in comparing 2006 to 2007 is the amount of homes sold: 56 in 2006 and 30 in 2007. Unit sales in New Albany overall were off by about 10% over 2006 while the average sales price fell about 6%. The good news is that beautiful Hampsted Village continues to not only be a great place to live, but also holds value in the market place.
Homes Sold in Hampsted Village in 2007:
*This representation is based on data supplied by the Columbus Board of REALTORS® or it’s MLS from 2006. Data maintained may not reflect all activity in the real estate market.