CNN Money recently published its Top 10 Home Buyer Checklist. Since we found the list quite helpful and relevant, we wanted to share it with you. If you’re a New Albany home buyer, continue reading to discover what every home buyer should know before entering the Central Ohio real estate market. Investing in New Albany Real Estate Here are some of the facts that CNN Money said every home buyer...
real estate market
Our beautiful community of New Albany has devoted time and resources to attracting economic development to the area and now national organizations are starting to take notice. According to a recent article, the city recently received an economic development award from the Ohio Chapter of the Commercial Real Eestate Development Association. The award is given to communities that are committed to promoting...
The New Albany, Ohio real estate market saw a lot of changes during the last couple of months, according to the most recent data from the real estate website Trulia. Evidently, both home sales and home sales prices have been on the rise lately. Continue reading to learn more about the latest trends on the New Albany housing market, and how they may affect you as a New Albany home buyer. New Albany Homes...
The New Albany Country Club is a stunning residential community made up of several unique neighborhoods, all of which are connected by a nature trail system. There are seventeen distinctive communities that comprise the New Albany Country Club, all of which provide residents with incredible views of the 27-hold Jack Nicklaus golf course. These neighborhoods showcase a wide range of prices and square...
New Albany Country Club Homes Prices Hold Sale prices of homes in the New Albany Country Club community seem to have leveled out. 2012 prices remain equal to 2009 and 2010. One of the gauges we use to evaluate sales trends is $ per Square Foot. If you look at the past 3 years, the average sales price for real estate in the New Albany Country Club area has been ~$162/square foot. While this...
Every Realtor should have to experience selling their own home in order to fully understand and remember the challenges a seller faces when selling their home. Tony and I are in the midst of selling ours after 15 years in the same place! The listing process was painful – staging, cleaning, and frequently being the bridesmaid instead of the bride...
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.
I had a phone call from a gentleman this week asking if I was the listing agent for a home for sale in New Albany. I replied that I wasn’t but that I could help him as a buyer agent to which he replied, “What’s that?†It made me realize that as Realtors, we use a lot of terms that may not be familiar to those not in the business. So I took a moment to explain to him what a buyer agent is along with explanations of other common terms. Real Estate Brokers – Real estate brokers have a real estate broker’s license and operate a real estate brokerage. New Albany Realty is the brokerage that Kate & I work for. Realtors® – A Realtor is a licensed real estate agent who is also a member of the National Association of Realtors® (NAR). We are members of NAR® and thus, are able to call ourselves Realtors. Listing Agents – Listing agents are real estate agents who represent sellers, market their homes and work to get their sellers the best price and terms. In Ohio, with written permission listing agents may also represent the buyers for their listings. Buyer Agents – Buyer agents are real estate agents who represent buyers, help them find homes that meet their criteria, and work to get their buyers the best price and terms. We have 2 Buyer Agents on our team – Bev Klein and Laura Kohler. Bev and Laura are available to assist you with your home search so don’t hesitate to contact them. Kate & Tony work with both Sellers and Buyers and would be happy to work with you!
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.