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New Albany, OH Real Estate Posts Great 3rd Quarter Stats!

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 they have been in over 10 years!
  • Days on market have declined 20% in the New Albany School District and pretty much across the board in each neighborhood as well.
  • Home sales are up 5% Year To Date and even for 3rd quarter despite the vastly reduced inventory. I don’t think the increase in unit sales can be sustained into 4th quarter unless we see an increase in the number of homes for sale.
  • Average Sales Price of homes sold based on $/square foot is up slightly in New Albany totally and in each neighborhood.

3rd Quarter and Year-to-Date Recap – New Albany Real Estate

Neighborhood Active
Listings
In
Contract
Sold 3rd Qtr 2012 Sold
YTD 2012
Sold
YTD
2011
Ave
$/Sq Ft
Ave
DOM
The Preserve 5 5 17 46 22 $104 57
Albany Park 7 3 1 9 12 $111 37
Windsor 3 3 3 15 10 $104 71
Hampsted 10 3 12 36 40 $117 34
NA Links 9 5 14 36 39 $117 99
New-CCollege* 8 0 2 7 9 $120 111
NACC < $1M** 31 10 29 69 77 $155 108
NACC > $1M 17 0 6 14 14 $215 119
Tot Plain Local
School District 116 49 103 283 269 $126 80
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve

 

Please contact Kate & Tony Thomas, your real estate experts for specific information about your New Albany neighborhood or if you are interested in selling your home or buying a new one.  Or visit us at newalbanyohio.com.    Until next time, Kate & Tony

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