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ThomasRiddleGroup

New Albany Ohio Real Estate – 2011 Recap

Good Real Estate News in New Albany!

Sales of single family homes in New Albany in 2011 exceeded 300 units for the first time in 6 years. 344 homes sold in New Albany this year compared to 274 homes sold last year. 2005 was the last year New Albany saw home sales in this range. I don’t know if this is the new “normal” but it certainly indicates that our market has probably hit bottom and hopefully on the upswing.

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 lower than I can ever remember it being. It’s 38% below where it was at this time last year. As a buyer, prices and interest rates remain low though with the diminished number of homes for sale in New Albany, we may begin to show signs of prices rebounding in 2012. Call us to discuss your particular New Albany real estate situation. The chart below is the Year End results for the major neighborhoods in New Albany, Ohio. If your community is not included, just let us know. We will send you the comparable information for your neighborhood.

 

New Albany 2011 Year End Review

Neighborhood Active
Listings
In
Contract
Sold 4th
Qtr 2011
Sold
2011
Sold
2010
Ave
$/Sq Ft
Ave
DOM
The Preserve 11 3 4 26 27 $104 85
Albany Park 5 1 13 5 $98 59
Windsor 4 5 5 13 12 $100 91
Hampsted 7 5 15 55 29 $113 65
NA Links 10 4 11 51 40 $115 90
New-CCollege* 5 1 5 14 8 $123 140
NACC < $1M** 22 12 13 89 74 $153 119
NACC > $1M 12 3 4 18 16 $199 161
Tot Plain Local
School District 100 44 75 344 274 $125 121
* Includes Tidewater, Saunton, Enclave and Wentworth
** Includes NACC and The Reserve

2012 could be your year to make a move… let us be part of it! Stay in touch and we’ll do the same! 

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