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market stats: Market Update - Dutchess County NY - 09/30/10 11:06 AM
Here is the latest market stats for Dutchess County NY:
As you can see the market has taken a strong decline. Sales are down, selling prices are down, days on market is up. The statistics were similar for July as well. Most of this can be accounted for due to the First Time Home Buyer Credit which expired earlier in the year. It altered the natural supply and demand. Unfortunately it appears as if the banks have begun adding more REO inventory to the market due to the high default rates. This will keep this artificially bad market moving in … (0 comments)
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market stats: Tax Credit Closing Deadline Extended - Will this help? - 07/03/10 09:49 PM
Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There will be no gap between June 30 and the date the President signs the bill into law.
The question is will this matter... the answer? Not really. Yes this will help those buyers that met the April 30th deadline but are having a difficult time closing. This is a good thing. But since a buyer already had to be in contract, this will … (2 comments)
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market stats: Don't Be Misled... - 03/23/09 02:30 PM
Statistics... funny thing about numbers, if you're not careful it's very easy to mis-understand them! Earlier in the year I made a post stating we may be nearing the bottom of this down market. The average number of sales was only down 2.3% compared to the year before and the average sales price was actually up .10% for the same period (compared to the -26.9% in December). We had been seeing a 24% decline (approx.) in average sales prices for months then it went up .10% in January '09. How come?Did the new president cause the market to EXPLODE? Nope! Did all those tax … (0 comments)
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market stats: Dutchess County Real Estate Market Statistics - 07/23/07 10:56 AM
It's important to have the most up to date market statistics possible when deciding to buy or sell a home.
June 2007 Sales Statistics
Single Family Detached June 06 May 07 June 07 %Change
… (2 comments)
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Curt Darragh
Poughkeepsie,
NY
More about me…
Legacy Land & Homes, LLC
Address: 23 Orchard Park, Poughkeepsie, NY, 12603
Office Phone: (845) 206-9462
Cell Phone: (845) 518-7526
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