New Albany Real Estate

October 2008 YTD New Albany Real Estate Market Update

Despite what the pundits would have you believe, homes are selling!!! Year to date in New Albany, unit sales are only slightly off of 2007. October was the first month this year where unit sales of single family homes in the Plain Local School system fell significantly below 2007 figures. 20 homes sold during October in New Albany this year versus 29 homes that sold in October 2007. We will continue to...

Sometimes Even the Best Homes Don't Sell

We all love our homes, and when it's on the market we wonder why the buyers don't love it as much.  They should be lining up and walking through admiring every detail as you do, yes?  There's a reason that some homes sell quickly while others languish on the market, sometimes never selling.  There are a number of factors why your home hasn't sold - some are impacted by you and others are...

2008 New Albany Home Sale Statistics – Not the picture the media would have you believe!

As I was reading the "Business Page" of the Columbus Dispatch on Tuesday, I was struck once again, with how totally local real estate actually is. The article I was reading indicated that the decline of sales in Columbus was not as bad as those reported by the Ohio Association of Realtors for the entire state of Ohio. I decided to take it one step further and look at New Albany specifically. The Ohio...

Absorption Rate in New Albany

Yes, absorption is the correct term for Sponge Bob's ability to soak up water and the same holds true in the real estate industry. In real estate, the absorption rate is the amount of time, generally expressed in months, that it will take a market to "absorb" the current inventory based on recent history. In other industries, this measurement may be called turnover rate or simply weeks or months of...

Holiday Happenings in Market Square

Despite the cold temperature and misty rain, train rides were among the offerings at the annual Happy Holiday Happenings Market Square in New Albany on Sunday. The New Albany Chamber of Commerce organized a wonderful gathering that has become a Market Square tradition. Other activities at the event included holiday crafts for children from 2 to 4pm, a cookie decorating contest at the Rusty Bucket, and...

New Albany Realty Sponsors Holiday Celebration in Market Square

Market Square Holiday Celebration, Sunday, December 2, 2007, 1p.m. - 5 p.m Schedule of Events: 1-5 p.m.   Train Rides (50 cents or free with toy donation; all proceeds go to Firefighters for Children) 1-5 p.m.   Pictures with Stinger (Columbus Blue Jackets' Mascot) 1-5 p.m.   Jingle Bell Carriage Rides – Keswick area, Hosted by New Albany Realty & New Albany Company;...

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