Today’s real estate market is an interesting one.  The large number of short sales are affecting the overall averages but the New Albany Country Club area is actually up in the average sales price from a year ago during the same six month time period, 9/26-3/26.  A short sale is when a home owner owes more than the actual value of a home and sells their house for less than it owes the bank.  Often short sales offer bargains for the buyer but they are something to be cautious of.  It is best to choose an experienced realtor to make sure that your real estate transaction works out in the buyer’s favor.

The statistics for the past six months are in for the New Albany Country Club.  25 homes have sold in the New Albany Country Club area since the end of September, 2008.  The average sales price of $790,796.00, up almost $10,000 from the same period the year before.  The average days on the market was 173.   For a complete review of market conditions for the New Albany Country Club area click here: Property Update for New Albany Country Club.

If you are looking to purchase a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

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