If you’re a current home owner who is wondering whether to enter the market, we’re here to tell you that now is a great time to do so! Here’s the top reason why home owners should list their home right now: Home prices are on the rise! NBC News recently reported that home prices have increased 7.7 percent in the year through June. Home buyers wanting to enter the market before prices...

The housing market is on the mend and is not as grossly out of whack as it has been in years past, according to a recent USA Today article. Evidently, housing markets across the country are reporting that more homes are coming on the market and asking prices are leveling out. This all means that the housing market is becoming increasingly stable, instead of an extreme buyer’s or seller’s...

More home builders are committing to projects across the nation, according to a recent Associated Press article. In May, home builders applied for permits to build single-family homes at the fastest rate in five years. This is a crucial improvement for the real estate market because it will help increase the available inventory of homes for sale, which has fallen short of the demand for such homes in...

All of the numbers favor New Albany Home Sellers! An analysis of the 3rd quarter unit sales in the New Albany Plain Township school district are signs of a recovering housing market. Some of the highlights include: Available homes available for sale in New Albany This Year vs Last Year is DOWN 34%!  Inventory in every neighborhood that we track are below last year. Inventory levels are lower than...

 Builders Ready To Build in New Albany! It’s been a while since we’ve seen much new construction activity in the New Albany Community. However, as the real estate market improves, we are seeing more builders interested in starting spec homes and developers opening new sections of existing neighborhoods. MI Homes has released new sections for sale in both Windsor and Lansdowne. The New...

1st Quarter Real Estate Results Encouraging Despite a record low inventory of homes for sale in New Albany, 1st quarter unit sales were about equal with last year. A reduced inventory creates a market that for the first time in years actually favors Sellers! As a result, we are seeing a slight rise in home prices pretty much across the board. Days on market are declining as well – another indicator...

I just received an e-newsletter from a good friend and decorator, Colleen Lora. The article about home accessories really hit home. With her permission, I am reprinting it. We are settling into our new home and nothing looks quite right. I realize after reading Colleen’s article that most everything we own, we’ve owned for a VERY LONG time. We have lots of “little collections”...

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...

What’s New in New Albany, Ohio? I just came from a presentation where the topic was “What’s New in New Albany?”  Bill Ebbing, President of New Albany Company and Jennifer Chrysler, Director of Development for the City of New Albany talked about all of the development taking place at the business campus.  Just last week the New Albany Chamber of Commerce outdid themselves...

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?