When it comes to buying a New Albany home for sale, we can’t stress enough the importance of knowing what you’re looking for before you ever enter the market. By knowing your non-negotiables when it comes to your dream home, you’ll quickly weed out the homes for sale that don’t match your criteria. This will ultimately save you both time and money as you navigate the New...

Central Ohio home buyers often ask us, what are the benefits to working with a New Albany agent like you versus doing a For Sale By Owner? From marketing expertise to knowledge about the ins and outs of the housing market, there are plenty of reasons to work with a REALTOR when searching for your dream home. Continue reading to discover some of the top reasons why so many New Albany home buyers turn to...

Last time, we shared with you some of the advantages and disadvantages of owning a new construction New Albany home. Today, we’ll continue the series by telling you about the pros and cons of owning a resale home on the New Albany real estate market. Investing in New Albany, Ohio Real Estate Although it may seem that buying a new construction home would be the superior investment, there are...

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?

New Albany Real Estate is Back! All I can say is Wow! Sales of New Albany real estate continues strong and bucking the trend in Greater Columbus. For the first half of 2011, unit sales of single family homes are up 20% over same time last year. Unit sales in the Greater Columbus area are down 15% for the same time frame. Will it continue? The number of homes “in contract” at the end of June are up 50% over last year which leads me to believe that the New Albany trend will continue into the 3rd quarter. These stats are pretty amazing considering the inventory of homes available for sale in New Albany is down 23% over this time last year. Sustainability of the trend will depend on if we can rebuild the inventory of homes available for sale. If you’ve been thinking about selling but have been holding back, it looks like now is the time to get into the market! Call Kate or Tony Thomas today!

Home Sales Up 29% YTD in New Albany I just pulled the Year-to-date statistics for home sales in New Albany and was very pleasantly surprised at how strong they are. Through May, 2011, 124 single family homes have sold in the New Albany Plain Local School District versus 96 sold through May in 2010. This is a remarkable 29% increase in homes sold this year over last. TY/LY sales for the Greater Columbus area are down 16%. Need Homes to Sell to Sustain Trend With this leap forward in home sales, and a large inventory of homes currently in contract, New Albany is positioned to have a truly excellent year. The only stumbling block that I see right now is if the low number of homes for sale is not replenished. Inventory levels are off significantly. In order to sustain the current trend, it’s time for the “don’t have to sell, but want to sell” sellers to re-enter the market. If you fit that description or are a “have to sell” seller, then we want to talk with you! Call or email us today.

Today’s buyer has many choices of homes to choose from and has the ability to preview as many as their time allows. Using the internet, buyers can preview and “eliminate” hundreds of homes for sale. As they view these homes, they are looking for reasons to eliminate it from their list. The reasons are varied – they may think it needs too much work, is too small, don’t like the color it’s painted, etc. The reality is that the house may be a good fit for them and the reason they choose to eliminate it from the list could be easily rectified.

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.

Housing Predictor, an independent real estate forecasting service, has ranked the Columbus area 2nd in the country in the Best 25 Housing Markets. Ohioans should feel especially positive as the ranking lists Cleveland, Columbus and Cincinnati as the top three housing markets, respectively. Check out the article to review the Best 25 Housing Markets as forecast by Housing Predictor. While I think...

Your Dollar Goes Further in Columbus, Ohio  An article caught my eye in a recent e-newsletter that I received from the National Association of Realtors.  On October 10th, Forbes magazine published a list of 10 cities where residents get the most for their money.  When I saw the headline I decided to read the entire article to see if by chance Columbus was listed.  Surprise, surprise...it...