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New Albany Home Buyers Eliminate Many Homes For Sale

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.

Franklin County Auditor Confirms Zero Increase in Tax Valuation This Year!

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...

Free Music In The Park This Sunday

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...

On-Line Home Value Sites Can Be Misleading

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...

June 2008 New Albany, Ohio Market Update

New Albany Home sales in June increased over May by 45% (31 homes in June vs. 21 homes in May).   "Low interest rates, high inventory and competitive pricing continue to fuel the housing market here in central Ohio," says Greg Hrabcak, President of the Columbus Board of REALTORS®. "As long as we have these three critical factors in place, home buyers and investors are actively pursuing a home...

New Albany Realty Sponsors Free Hampsted Village Block Party!

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...

Real Estate Optimism in Central Ohio

As I stated in our May e-Newsletter, there are many reasons to be optimistic about the housing market, not the least of which shows year to date unit sales in New Albany are up over the same period last year.  The Columbus Board of Realtors recently published a few other pieces of good news I'd like to share:  "The Housing Crisis is Over," says the Wall Street Journal, Op-Ed writer Cyril...

New Albany Classic Signature Series 2008 Schedule

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...

Look for The Silver Lining! You Can Buy A Lot of House in Columbus, Ohio!

I just read an article in the Wall Street Journal real estate newsletter which really helped to put a new spin on real estate in New Albany, Columbus and the Midwest as a whole. We keep hearing about how bad the real estate market is but think about what you can actually buy here versus some other parts of the country. Using $400,000 as a comparison: In New Albany, you can buy a 3600 square foot home...

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...

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