Tag Archives: homes sold

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.

Not Enough Homes for Sale in New Albany, Ohio!

Hard to believe but true…

There are simply not enough homes available for sale in the New Albany Plain Local School District.  New Albany real estate inventory levels are at record lows – off almost 40% from this time last year.  Prices are stabilizing and buyers are looking.  I have to say, if you’ve been on the fence about selling, this would be the time to get your New Albany home on the market.

 Low Inventory in all Neighborhoods

Consider the following figures which point out how low the inventory is in each neighborhood we regularly track:

Neighborhood # Homes
For Sale
Total Homes In
Neighborhood 
 % to
 Total
The Preserve 9 609 1.5%
Albany Park 3 193 1.5%
Windsor 2 156 1.3%
Hampsted Village 16 675 2.3%
New Albany Links* 21 495 4.2%
New Albany Country Club 66 1094 6.0%
Total 117 3222 3.6%

At the peak of the market we often had 10% of the total number of homes in a neighborhood on the market.  Don’t delay if you, or someone you know is interested in selling their home.  The spring market has begun!  Contact Kate or Tony at 614-939-1234 or katet@newalbanyrealty.com to discuss potential marketing and pricing strategies for your New Albany home in this current market.

*Includes Upper Clarenton. **Data is obtained from the Columbus Board of Realtors MLS and may not include all activity in the real estate market.

Search the MLS Yourself!

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          

 

New Albany Neighborhoods