Tag Archives: new albany homes

6 Simple Holiday Decorating Ideas for Your Home

What really makes your home warm and merry this holiday season is the people you welcome into it. Sometimes we get so consumed with the details – cleaning, decorating, shopping, cooking – that we forget to stop and take the time to enjoy the best part of the holidays – spending time and making memories with our loved ones. So here are some super simple holiday decorating ideas to help make your home more festive and leave you plenty of time and energy left to enjoy what matters most.

  1. Fill a glass vase (or other unique container) with colorful glass balls. This adds color and cheer to any room, and allows you to showcase your crystal vase or glass bowl that rarely come out of storage and make use of those “extra” ornaments.
  2. Fill a fireplace (that you are not planning to use, of course) with several poinsettia plants. This can really brighten up a room and add a cheery focal point. Finish the look by draping some garland over the mantel for a framing effect.
  3. Highlight a large light fixture with a little garland and/or a sprig of mistletoe. This is a great way to add some decorations to a room without taking up any table or floor space, which can be limited, especially if you are entertaining.
  4. Cover empty boxes in various sizes with shiny, colorful holiday wrapping paper. You can arrange tiny boxes on a serving platter and use as a centerpiece, and fill empty corners or display shelves with larger boxes.
  5. Hang a single, small to mid-size wreath in a feature window.
  6. Tie a swag or two on your mailbox. Add some ribbon for an added pop of color.

We Can Assist With Your Holiday Real Estate Needs

Are you buying your next home or selling your current home during the holidays? We are here to help with anything you need. Call us at 614.939.8944.

3 Reasons You’ll Love With This Lambton Park Home Listing in New Albany, OH

Stannage New Albany 1Are you looking for a gorgeous and stately home that commands respect the second you pull up to the driveway? Do you want to live in a residential neighborhood that boasts a strong sense of community – not to mention a great location near public schools?

If so, then we encourage you to check out our new home listing at 3994 Stannage Pass in New Albany.

Located in the Lambton Park neighborhood, which is located close to the New Albany Country Club, this home truly has it all!

Continue reading to discover the top three reasons why you’re sure to fall in love with this property.

Why New Albany Home Buyers Will Love This Property

Stannage New Albany 2This gorgeous, all-brick 10,825-square-foot estate home is sure to go under contract soon. After all, consider all that it has to offer!

Here are the top three features buyers will love about this home:

  • This home sits on 0.96 acres, giving residents plenty of privacy and tranquility.
  • It’s living room is perfect for entertaining, complete with built-in shelves and a gas fireplace.
  • The finished lower level offers media room, full kitchen, 1200 bottle wine room, gym, 5th bedroom suite and huge storage area.

More than that, however, this home also boasts deluxe bathrooms, a four-car garage and gorgeous backyard views.
Other amenities that will impress residents include:

  • Hardwood floors
  • Gourmet kitchen
  • Expansive bedrooms
  • Subzero/Wolf appliances
  • Fully-stocked butler’s pantry
  • Coffered ceilings
  • Private deck off master suite
  • Spacious walk-in closets

What’s more, this home is served by the New Albany Plain Local Schools District, which is award-winning and nationally ranked.

Is This The New Albany Home You Want to Own?

Stannage New Albany 3This home truly one of New Albany Country Club’s most remarkable homes!

If you’re ready to take that next step toward making it your own, please make sure to connect with us, Thomas & Company.

We’re your dedicated New Albany, Ohio, real estate experts and we would be happy to help you at every stage of the home buying process.

Until next time,

Thomas & Company

New Albany Real Estate News is Almost All Good!

Home buying got even more affordable this week as mortgage rates continue to break records and increase home buyer affordability.

For the fourth consecutive week, 30-year fixed-rate mortgages, the most popular choice of borrowers, reached a new all-time low. They averaged a new record of 3.78 percent while a year ago at this time, 30-year rates averaged 4.60 percent.  15-year fixed-rate mortgages held steady at its all-time low set last week of 3.04 percent. Last year at this time, 15-year rates averaged 3.78 percent.

Home Selling in New Albany is all good as well. Inventories of homes-for-sale in New Albany and the Greater Columbus area continues to fall, which has helped to raise overall housing prices as demand picks up. The number of homes currently for sale in the New Albany area is down by 35% over this time last year.

The “Almost” all good in the title this article refers to the fact that for the first time in years, buyers have limited choices of homes for sale in certain neighborhoods and price ranges. For example, in Hampsted Village, a popular New Albany neighborhood of 600+ homes, there are currently only 7 homes for sale. In the New Albany Country Club Communities, there are 44 homes for sale in all price ranges. Typically, this community has 100+ homes available for real estate sale.

We can help you whether you are looking for a home to buy or considering selling your current home. Please call Kate or Tony Thomas at 614-939-1234 or visit us online at www.NewAlbanyOhio.com.

Absorption Rate in New Albany

Yes, absorption is the correct term for Sponge Bob’s ability to soak up water and the same holds true in the real estate industry. In real estate, the absorption rate is the amount of time, generally expressed in months, that it will take a market to “absorb” the current inventory based on recent history. In other industries, this measurement may be called turnover rate or simply weeks or months of supply.

As I’m sure most of you know, Kate and I have a background in retail where you live and die by turnover rate. If the inventory is turning too fast, you’re going to run out of stock and have empty shelves; too slow and it’s time to pull out the red pen and take a mark down!

In real estate, you often hear references to it being a Buyer’s Market or a Seller’s Market. The National Association of REALTORs suggests that a market is in balance when there is a 7-9 month absorption rate. When inventory is six months or less – it’s a seller’s market as there is more demand than inventory. Homes sell quickly and for close to or sometimes above list price. When the months of supply exceed 9 months, it’s considered a buyer’s market. Homes take longer to sell and the list price sales price ratio slides.

How do you figure the absorption rate? It’s a simple formula:

Inventory ÷ # Units Sold x Time = Absorption Rate

For example, if the market you are evaluating (subset) has 12 homes on the market and 6 homes sold in the past six months, the absorption rate would be 12 months.

The key is to understand the subset. In New Albany, there are many subsets, defined by price, neighborhood, age, location etc. Remember, real estate is local…very local. The absorption rate of a $1M brick home has little to do with understanding the market or absorption rate for a $400,000 vinyl sided home in a different neighborhood.

If you are interested in the absorption rate in your neighborhood, try out our free MLS Market Snapshot feature and have a look. Of course you can always drop me an email at tonyt@newalbanyrealty.com or call 614-939-1234 and I can run some quick numbers for you.

New Albany Neighborhoods