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New Albany Home Sales Show Modest Rise in Prices

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 that it’s a good time to be a seller. Tony and I are cautiously optimistic that 2012 is the beginning of an improved real esate market in New Albany and Greater Columbus.

Let us hear from you if you have questions about the market for your home or about getting your home ready to sell! The members of our team are expert at handling the sale of your current home and purchase of your next one! Call us at 614-939-1234 or visit us at newalbanyohio.com, the #1 website for New Albany Real Estate!  

Until the next time… Kate & Tony

New Albany 2012 1st Quarter Real Estate Recap

Neighborhood Active
Listings
In
Contract
Sold March 2012 Sold
YTD 2012
Sold
YTD
2011
Ave
$/Sq Ft
Ave
DOM
The Preserve 5 11 4 8 4 $102 109
Albany Park 4 1 1 3 2 $102 52
Windsor 4 4 3 6 5 $97 102
Hampsted 4 10 2 7 6 $111 62
NA Links 17 8 1 5 11 $113 139
New-CCollege* 3 1 0 2 1 $143 106
NACC < $1M** 36 9 8 14 16 $161 136
NACC > $1M 13 1 2 6 2 $196 136
Tot Plain Local
School District 116 63 25 60 64 $143 126
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve


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