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. Â Or visit us at newalbanyohio.com. Â Â Until next time, Kate & Tony