ThomasRiddleGroup

ThomasRiddleGroup

New Albany Ohio Real Estate – 2010 Recap

You don’t have to look too hard for some encouraging real estate news in New Albany from last year. Overall, prices stabilized and unit sales were up 13% over the 2009 numbers versus a 5% decrease in unit sales in the entire Columbus Board of Realtors. As you will see in the chart below, some neighborhoods faired a little better than others. The New Albany Links and New Albany Country Club communities significantly improved in units sold but lost a little ground in sales prices while The Preserve and Albany Park saw improvement in sales prices.

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

New Albany Beats the Averages!

You don’t have to look too hard for some encouraging real estate news in New Albany from last year.  Overall, prices stabilized and unit sales were up 13% over the 2009 numbers versus a 5% decrease in unit sales in the entire Columbus Board of Realtors.  As you will see in the chart below, some neighborhoods faired a little better than others.  The New Albany Links and New Albany Country Club communities significantly improved in units sold but lost a little ground in sales prices while The Preserve and Albany Park saw improvement in sales prices. 

It’s early to predict where 2011 will take us but there appears to be some good pent-up demand by both Buyers and Sellers based on the number of phone calls that Tony and I are receiving.  If you are one who has chosen to remain on the sidelines these past few years, this is a good time to consider jumping back in!  As a seller, the inventory is low compared to previous years.  As a buyer, prices and interest rates remain low (though showing signs of increasing).  Call us to discuss your particular situation.  The chart below is the Year End results for New Albany, Ohio.  If your neighborhood is not included, just let us know.  We will send you the comparable information for your neighborhood. 

New Albany 2010 Year End Review

                 
Neighborhood Active In Sold Sold Sold Ave ’10 Ave ’09 Ave
  Listings Contract Dec ’10 2010 2009 $/Sq Ft $/Sq Ft DOM
The Preserve 16 2 26 31 $103 $103 79
Albany Park 1 2 3 5 9 $104 $101 83
Windsor 7 2 2 12 7 $103 $108 70
Hampsted 13 3 2 30 35 $111 $115 83
NA Links 25 4 1 40 29 $110 $122 133
New-CCollege* 7 0 0 8 3 $128 $138 342
NACC < $1M** 54 9 5 74 62 $147 $150 151
NACC > $1M 24 1 1 17 10 $208 $220 260
Tot Plain Local                
School District 187 28 20 289 254 $119 $118 131
                 
*    Includes Tidewater, Saunton, Enclave and Wentworth        
**  Includes NACC and The Reserve            
                 

Stay in touch and we’ll do the same!  Kate & Tony Thomas

Recent Posts

May Handy Homeowner Tip

As we approach summer, here are a few tips on cleaning patios and protecting your home during grill season.

New Albany Voice Commands

Amazon’s Alexa is now connecting New Albany residents with community events and services. The same smart-speaker device that you use to turn the lights on, play music, etc., can now answer questions relating to New Albany.

Rob’s May Update

Managing Partner, Rob Riddle, talks about the current real estate market and what an increase in inventory means for buyers and sellers.

Get in Touch

Why Choose Thomas Riddle Real Estate Group?

Selling a house on your own can be an overwhelming task. There’s advertising to plan and budget for, open houses and private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out. Make it easy on yourself by putting your home in the hands of seasoned professionals. We have extensive experience marketing properties and showing them to their best advantage.

Compare listings

Compare

Get Your Home's Accurate Value

Receive a No-Obligation Market Evaluation from our Listing Experts Rob Riddle, Tony Thomas, & Kate Thomas

Note: Please be assured we will use this information only to send you the information you have requested and we will never share or rent your contact information with any other party. By giving us your name and email address, you are giving Thomas|Riddle Real Estate Group permission to contact you.