Why do some homes sell quickly while others do not? The 3 New Albany homes pictured above went into contract in 2 – 20 days. Every homeowner thinks their home is “special” – obviously these buyers agreed. Sometimes it’s luck, but it’s becoming clearer and clearer to us that luck is a very small piece of the puzzle. When we meet with sellers, we used to ask “do you want honest or brutally honest?” We don’t do that anymore – every seller needs to hear brutally honest and then follow the brutally honest advice we offer. That’s why these three homes sold as quickly as they did.

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.

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.

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:

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,...

New Albany Home Sales are Up New Albany Home Sales are Up. The numbers are in. Year-to-date November 2010, 277 homes have closed in the New Albany Plain Local School District vs 246 last year. That's an 11% increase in homes sold vs. 2009. Click here to search the MLS yourself.