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! Â
Until the next time… Kate & Tony
| 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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