Adding patio furniture to your outdoor area is the perfect way to extend your livable space. With warm weather upon us, we put together a breakdown of the most popular outdoor furniture materials and the benefits of each. Wicker: You might think of wicker as a material, but the term wicker actually refers to the weaving method used to make this furniture. Wicker can be made from a few different...

Are you a New Albany resident who is entertaining out-of-town family members for the holidays? Are you wondering how you’re going to entertain them throughout their stay? No worries! We’ve compiled a list of upcoming holiday events in the area that are sure to be fun for the entire family. Continue reading to learn more! Enjoy These Holiday Events This Week Here are just some of the many...

Check your mail for your new home valuation! We know property values have fallen since the last county wide appraisals were done in 2005 but just how much? You’ll know soon. The Franklin County auditor’s office is mailing the new valuations today! It’s unprecedented and will be interesting to see what they look like. While the auditor reports that Franklin County property values are down 6.7% from 2005, I expect to see a deeper decline in the New Albany valuations. What if you don’t agree with the new valuation?

The number of single family homes for sale in New Albany, OH reached a new low in February falling 34% from the same time in 2009. There are currently 168 homes for sale in New Albany Plain Local School District versus 207 in February, 2010 and 256 in February, 2009. The following neighborhoods have reduced inventories from the same time 2009. Some declines are more significant than others.

A look at a few key metrics tell the story. New Albany Real Estate is on the rebound. While first portion of 2010 was driven by tax incentives and first time home buyers, we really just "borrowed" future sales from July and Aug to hit the June 30th deadline. We were really pretty flat through mid 3rd Quarter 2010. Then we had a good finish and pushed ahead of 2009 in these important areas:

New Albany, OH Market Update

Lawrence Yun, chief economist for the National Association of Realtors, presented the NAR Forecast for 2010 real estate at the annual conference held in San Diego in November.  His projections included the following good news:  13.6% increase in the sale of existing homes as well as a return to positive growth in home values as inventory levels continue to decline. Although real estate markets vary...

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...

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...

It Takes Location, Condition and Price to Sell a Home! Selling a home in today's market is challenging to say the least. In the past, you could overcome a less desirable location with a great price. You used to be able to overcome dated condition/décor with a great location and floor plan. And occasionally, a home in a great location and superior condition would sell for more than one might have...