ThomasRiddleGroup

ThomasRiddleGroup

Hot Off the Press! First Half Real Estate Recap for New Albany!

As your New Albany real estate advisers, Tony and I thought you might be interested in how our market is faring this year compared to last year. Inventory is down, days on market are declining and prices are heading upward – especially on the 50+ homes sold in June!

Below are the year to date statistics for the communities in New Albany. Without exception, all neighborhoods have seen 2013 prices rise anywhere from $4/square foot to $15/square foot, depending on the community. The average sales price in New Albany school district rose 9% over the same time last year. The number of homes sold through June is flat with last year but I expect that to see this change when the unprecedented 90 homes currently in contract close by summer’s end.

New Albany, OH 2013 Real Estate 1st Half Recap

Neighborhood Active
Listings
In
Contract
Sold
June
 2013
Sold YTD
2013
Sold YTD
2012
Ave
$/Sq Ft
Ave
DOM
The Preserve 3 8 3 20 28 $108 27
Albany Park 4 4 2 8 8 $119 46
Windsor 6 2 3 12 12 $112 37
Hampsted 5 11 12 32 24 $119 29
NA Links 7 11 7 17 22 $117 38
New-CCollege* 8 6 1 8 5 $137 125
NACC < $1M** 37 21 13 39 36 $171 81
NACC > $1M 12 2 3 9 8 $231 69
Tot Plain Local
School District 114 90 51 177 180 $143 64
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve

 

While we haven’t regained all the ground that was lost in the past 5 years, we are well on our way. Real estate trends vary from town to town and neighborhood to neighborhood, but it’s safe to say that all of Central Ohio is following the same trends we are seeing in New Albany.

If you have any questions or want to discuss selling or buying your New Albany home, please don’t hesitate to contact Tony or me. We are always here to serve you!  Happy July!

Kate & Tony

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