As your New Albany real estate advisers, Tony and I thought you might be interested in how our market is faring this year compared toÂ last year. Inventory is down, days on market are declining and prices are heading upward â€“ 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 inÂ 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 summerâ€™s end.
New Albany, OH 2013 Real Estate 1st Half Recap
|NACC < $1M**||37||21||13||39||36||$171||81|
|NACC > $1M||12||2||3||9||8||$231||69|
|Tot Plain Local|
|* Includes Tidewater, Saunton, Enclave and Wentworth|
|** Includes NACC and The Reserve|
While we havenâ€™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 itâ€™s safe to say that all of Central Ohio is following the same trends we are seeing in New Albany.
Kate & Tony