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.
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With the $8,000 tax credit for 1st time home buyers about to expire on November 30th, I was expecting to see a lot more New Albany homes for sale and Columbus homes for sale going into contract. When the tax credit was announced, the experts thought it would jump start the housing market. From my vantage point, there has been little “trickle up†effect seen in New Albany Ohio real...
An article in the August 13th issue of the Columbus Dispatch referred to a growing foreclosure problem in the suburbs of Columbus. I began to wonder if this applied to New Albany as well. I searched the Multiple Listing Service to see how many of the homes that have sold in NA so far this year were either Foreclosed properties or Short Sale properties. 22 Foreclosed or Short Sale Homes Sold in...
July is the first month in 2009 where unit home sales in New Albany Ohio were equal to the number sold in 2008. 30 homes sold in New Albany this July, the same as was sold July ’08. At the end of the 1st quarter this year, unit sales were off the 2008 pace by over 50%. Through July, 2009, unit sales are off 25% - a marked improvement over 1st quarter. As you can see in the chart below, TY/LY unit...
The BIA (Building Industry Association) recently announced that New Albany, Ohio will host the 2010 BIA Parade of Homes. The Parade of Homes is scheduled to take place July 10 – 25, 2010.  This 58th Parade will be located in Ackerly Park, an 18 acre site near the intersection of Market Street and Main Street in the New Albany Village Center District. This location is believed to be...
Tony and I returned from vacation on Sunday. On Monday, I tackled a mountain of mail being held by the post office. The item I was most interested in was the notice from Joe Testa's office (Franklin County Auditor) announcing the proposed valuation of our home for 2008. Yours was probably just like mine – it shows no increase in valuation from 2007. 2008 is the year for the triennial update of...
Bring your blanket, chairs, snacks and refreshments for a family concert Sunday, July 20th at Lambton Park. Come at 5pm to picnic - the concert starts at 6pm. The New Albany Classic Signature Series is presented by the New Albany Company, New Albany Realty and the Wexner family through a grant to The New Albany Community Foundation. Initiated in 1999, the New Albany Classic Signature Series is a program of...
We recently did a market analysis for a prospective seller in New Albany. They were surprised that my actual analysis was different from the one they got using an on-line valuation service.  Zillow.com and Cyberhomes.com are two sites that will generate a suggested market value of your home using computer models. We find their results to be very hit or miss. These programs cannot take into...
Kate & Tony Thomas & New Albany Realty Host Free Hampsted Neighborhood Block Party! On Tuesday, July 1st, from 6pm – 9pm, a Hampsted Village Block Party will be held at Hampsted Park (Meadway & Fodor Road)! Kate & Tony, along with New Albany Realty, are teaming up with Sunny 95 radio station to host a FREE neighborhood block party in Hampsted Village! It's the ultimate get together...
The New Albany Classic Signatures Series is presented by the New Albany Company, New Albany Realty and the Wexner family through a grant to the New Albany Community Foundation. Additional details are available by calling 614-446-7100 or visit www.newalbanysignatureseries.com Saturday, May 3 The Four Aces Fundraiser to benefit New Albany Students' pursuits in Achievement through Academics, the Arts and...