Tag Archives: New Albany Company

New Albany Home Buying Made Simple with Kate & Tony Thomas

Have you been thinking lately about investing in a Central Ohio home for sale on the New Albany real estate market?

If so, then you’ve come to the right place!

As New Albany REALTORS with years of experience, we’ve helped scores of home buyers over the years find their dream home on the local housing market!

Today, we’re going to tell you about some of the services we can provide you as a Central Ohio home buyer!

Investing in New Albany Real Estate

When you work with us, you’ll find that we hold ourselves to an extremely high standard as your New Albany REALTORS.

Consequently, here are so things we can guarantee to you:

  • We will follow your best interests.
  • You will always come first.
  • We will stay in close contact with you throughout the New Albany home buying process.
  • We will be up front with you and in all of our dealings.
  • We will work hard to help you find your d ream New Albany home for the best price possible

We can deliver on these promises thanks to our years of experience on the New Albany real estate market as well as our high dedication to serving home buyers like you.

We can also guarantee that the home-buying process will be as easy and hassle-free as possible for you by providing you such helpful tools as:

To see what a breeze it is to purchase a home on the New Albany housing market with our help, please check out what some of our past clients have said about us!

Your Dedicated New Albany REALTORS

For more information on how we can help you as a potential Central Ohio home buyer, please contact us, Kate & Tony Thomas!

Or if you like, you may also want to start your home search right away by using our helpful pre-defined search tools, which allow you to:

When you find a home you really like, please contact us to schedule a showing!

Until next time,

Kate & Tony

New Albany Home Prices Stabilizing

New Albany Country Club Homes Prices Hold

Sale prices of homes in the New Albany Country Club community seem to have leveled out.  2012 prices remain equal to 2009 and 2010.  One of the gauges we use to evaluate sales trends is $ per Square Foot.  If you look at the past 3 years, the average sales price for real estate in the New Albany Country Club area has been ~$162/square foot.  While this is significantly less than the peak of $197/sq foot that we saw in 2006, it’s encouraging that we appear to be bouncing along what I believe is the bottom of the market.

Historical Look at New Albany Country Club Sales in $/Square Foot

The graph below illustrates why many real estate experts refer to the time between 2000 – 2010 as the “Lost Decade”.  Home prices in the New Albany Country Club community are actually slightly below the prices we saw in 2000.

 Is Now A Good Time To Sell?

Prices show no sign of going either up or down right now.  When they start to head back up, it’s unlikely that they will take a giant leap.  With few exceptions, in an average year, the Greater Columbus real estate market goes up 3%.  At 3% a year, it will take almost 7 years before we see 2006 prices once prices do begin to rebound.   If now is the time for you to upsize, down size, or just move because you don’t want to redecorate the home you are in, then you should do it.    Homes ARE selling and mortgage rates are at 60 year lows.  Let us know if you’d like Tony or I to assist you with your decision.  We offer confidential and complementary market evaluations of your home to enable you to make the best decision for you and your family.  Call or email us today.

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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.

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!

Homes For Sale in New Albany at a 2 Year Low

The number of single family homes for sale in New Albany, OH reached a new low in February falling 34% from the same time in 2009.  There are currently 168 homes for sale in New Albany Plain Local School District versus 207 in February, 2010 and 256 in February, 2009.  The following neighborhoods have reduced inventories from the same time 2009.  Some declines are more significant than others. 

New Albany Homes For Sale Feb 2011, 2010 & 2009

Does a low inventory make it a good time to sell your home?   

The answer is “Yes”.  The timing of when to put your home on the market is a common question.  The spring market is approaching and traditionally we see more buyers during March – June than we do at any other time of the year.  There are always buyers looking for great homes in a great communities and New Albany has both!  Contact katet@newalbanyrealty.com to confidentially discuss placing your home on the market this spring and to address any questions you may have about market trends in your specific neighborhood. 

Stay informed by subscribing to our monthly marketing report from Altos Research.

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

.

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! QR Codes for New Albany Real Estate

Kate & Tony Thomas Out Front (Again)

In our effort to always bring cutting edge marketing to our clients, we have just introduced QR codes on our listing yard signs.  We were first to use 800 #s, then texting and now QR.  So What’s QR Code? 

QR codes are like a UPC code in the grocery store, except instead of recording a price and a SKU, when you scan them with your smart phone,  they take you directly to a web page.  Below is a QR code for our home page at www.newalbanyohio.com.   

QR Code for www.newalbanyrealty.com

What’s the Real Estate App?

Okay, so, you’re driving along beautiful Elm St and you see the home of your dreams with one of our For Sale Signs in the yard.  It has a QR code.  Roll down your window, pick up your smart phone, zoom in on the QR code and scan.  You will be immediately taken to the specific web page for this home.  take a virtual tour, get all the details and pricing info and never leave your car.  WOW!

How do I get the App?

 Most Droids come with the bar code / QR code scanner.  Blackberry users can down load the app from Blackberry world.  All others can download readers from:

  • I-nigma
  • Scanlife
  • Neo reader

How Do I get my home sold quickly with QR technology?

Contact Kate and Tony Thomas at New Albany Realty, of course! 🙂

New Lots Available in Ackerly Park!

If you’ve been thinking about building a new home in New Albany, now is your chance! The New Albany Company is soon to announce the creation of the New Albany country club’s newest community – Ackerly Park. Ackerly Park will be an extension of Upper Fenway with Ackerly Farm road extending north and meeting up with Market Street. The majority of the 27 lots will be priced between $150,000 and $165,000 and range in size form .29 – .42 acres.

New Albany Realty will be kicking off the sale of the new lots with a preview event May 14, 2008. This is an “invitation only” event. If you are interested in receiving an invitation to attend the event and learn more about the lots available at Ackerly Park, please email me at katet@newalbanyrealty.com.

Whether you plan to buy or not, it’s nice to be “in the know!”

Holiday Happenings in Market Square

Despite the cold temperature and misty rain, train rides were among the offerings at the annual Happy Holiday Happenings Market Square in New Albany on Sunday. The New Albany Chamber of Commerce organized a wonderful gathering that has become a Market Square tradition. Other activities at the event included holiday crafts for children from 2 to 4pm, a cookie decorating contest at the Rusty Bucket, and horse and buggy rides sponsored by New Albany Realty and The New Albany Company.

Other activities included train rides, “Jingle Bell” carriage rides, cookie-decorating, craft tables and a recital of “The 12 Days of Christmas” at Starbucks. The event ended with a candlelight sing-a-long and tree-lighting ceremony led by Mayor Nancy Ferguson and the New Albany Chorus.

New Albany Neighborhoods