New Albany Real Estate Market Analysis

2008 New Albany Home Sale Statistics – Not the picture the media would have you believe!

As I was reading the "Business Page" of the Columbus Dispatch on Tuesday, I was struck once again, with how totally local real estate actually is. The article I was reading indicated that the decline of sales in Columbus was not as bad as those reported by the Ohio Association of Realtors for the entire state of Ohio. I decided to take it one step further and look at New Albany specifically. The Ohio...

National Real Estate News Is About As Useful As A National Weather Forecast

National Real Estate Scenarios Don't Apply to Columbus, Ohio! I just read an article from the Wall Street Journal's "Real Estate Journal Today" – an online service sponsored by www.WSJ.com. The head line reads "Kimmel Home Listed for $81.5 Million". That headline will definitely catch your attention, but is it really relevant in Columbus Ohio? I don't think so. This article is perhaps good fodder...

Think Twice Before Taking Out A Home Equity Line Of Credit!

As I was reading the Columbus Dispatch on Sunday, a Chase ad for a Home Equity Line of Credit caught my eye. It advertised variable rates on Home Equity loans as low as 4.99%. At first glance, this looks like it could be great, and in certain situations, probably is. However, if you have any plans to sell your home in the next couple of years, I urge you to give it a lot of thought and here's why. When...

Good Real Estate News For A Change!

It's no secret that real estate and banking have been in the news for all the wrong reasons during the past 12 months. Yesterday, we received great news from our preferred lender, Scott Miller, at National City Mortgage.  Interest rates are at long time lows right now.   Yesterday, the rates for a 30 year fixed rate dropped to 5.49% and the rate for a 15 year fixed mortgage...

New Albany Links Home Sold in 2007

Built around an 18 hole "links style" golf course designed by Barry Serafin, New Albany Links continues to offer executive homes in one of New Albany's most sought-after neighborhoods. This community offers all the amenities of country club living including a neighborhood swimming pool, Har-Tru tennis courts, fitness center, a beautiful clubhouse with excellent dining facilities, and of course, golf! 30...

Hampsted Village Homes Sold in 2007

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....

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