dutchess county market report: Dutchess County Real Estate Market for March 2012 - 04/30/12 04:11 PM
How was the real estate market in Dutchess County NY in March 2012 (edit/delete) How was the real estate market in Dutchess County NY in March 2012
In Dutchess County during March 2012 there were 8 less homes sold when compared to same time last year. However, when compared to February 2012 there were 20 more sales in March. This could have been a result of seasonal change as well as the fact the winter was mild.
The average price saw a 44.1 percent drop from same time last year going from $475,840 to $265,769 which is an indication more expensive … (7 comments)
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dutchess county market report: Dutchess County NY market report for January 2012 - 02/11/12 09:01 PM
Dutchess County real estate market report
This is the first report for the new year and with this usually comes high expectations for the coming year.
During the month of January 88 single family homes sold, ranging from $50,000 for a short sale in Poughkeepsie to an 1820 estate for $1,225,000 in Clinton. There was also the sale of a historic farmstead from 1733 for $1,200,000 in Red Hook. Most of the properties sold were under $400,000, of the 88 only 16 were above $400,000.
How did this compare to last year same time?
Last year 91 single family homes sold … (5 comments)
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dutchess county market report: Dutchess County Real Estate Market Report December 2011 - 01/11/12 11:44 PM
The number of single family detached homes sold in Dutchess County in December 2011 was 112 which was 12 less than the same time last year. Average price fell 13.4 percent and median 13.1 percent; the comparison to last year is noted in the chart below.
What is the average time on the market for Dutchess County single family homes? 152 days which is 6 more than same time last year. The inventory fell 6.6 percent and the absorption rate fell by 2 months from last month, but we are still in an entrenched buyer's market.
Keep in mind that although … (7 comments)
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dutchess county market report: Dutchess County Real Estate Market Report November 2011 - 12/14/11 09:08 AM
There were 108 single family homes sold during November in Dutchess County NY, a 6.7 percent drop when compared to same time last year. There was also a significant drop in the average selling price, going from $368,151 in 2010 to $284,646 a 22.7 percent drop. The median selling price also fell 14.2 percent going from $277,000-$237,750.
Although the number of homes sold was only 7 less than last year the current dollar volume was down 31.7 percent which was an indication that more expensive homes were sold last year. There were also 60 less offers at the beginning of the month, a 34.5 percent … (3 comments)
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dutchess county market report: Dutchess County Real Estate Market Report October 2011 - 11/17/11 10:21 PM
Dutchess County NY Real Estate Market Report
During October 112 single family homes sold in Dutchess County, 7 more than same time last year. At the same time when compared to this September there were 33 less sales.
Both average and median selling price fell and for the first time in 9 years the median price fell below $250,000. Keep in mind this data only applies to properties listed on the Mid Hudson Multiple listing Services.
Single Family Detached Homes Sales in Dutchess County in October 2011
copyright © by Jennifer Fivelsdal, all rights reserved- Dutchess County … (5 comments)
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dutchess county market report: Dutchess County Real Estate Market Report September 2011 - 10/18/11 11:15 AM
Dutchess County real estate sales increased in September by 26.1 percent when compared to same time last year. This year there were 145 single family homes sold versus 115 last year. Because of the increase in sales the absorption rate dipped by 5.5 months.
The average price was up, but the median down from last year. Homes are staying on the market a few days longer than last year, and the inventory is down 8.3 percent which is a trend we all want to see. Most of the active listings during the month were priced under $300,000, and about 19 were over $1,000,000. … (8 comments)
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dutchess county market report: Dutchess County market report for June 2011 - 07/12/11 11:18 PM
Dutchess County Single Family Detached homes sold June 2011
Looking at the market report for June I was immediately struck by the drop in the number of single family detached homes sold this June when compared to same time last year. There were 205 in June 2010 and only 125 in June 2011, a significant drop of 40 percent. Looking at it from a different angle, when comparing the sales dollar volume this June to last June it was off by $21,871,005. However, when you look at the year to date the sales dollar volume is up by $1,838,641 this … (7 comments)
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dutchess county market report: Dutchess County Real Estate Market Report February 2011 - 03/11/11 07:26 PM
Dutchess County Real Estate Market Report February 2011
The February 2011 Dutchess County single family home sales were not that much different from February 2010. There were only 2 additional sales. However more expensive homes sold this year. The average sale price last February was $297,415 and this year it jumped to $473,077, also, the median was up 6.3 percent to $244,500.
In January there were 13 more sales and the sales dollar volume was $25,00,980 yet in February it was $36,900,025. Historically the sales dollar volume is larger in February.
February 2011 Detail Report For Single Family Detached Homes in Dutchess County
**Data for … (3 comments)
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dutchess county market report: Dutchess County Real Estate Market Report January 2011 - 02/16/11 03:25 PM
SINGLE FAMILY DETACHED DUTCHESS HOMES FOR JANUARY 2011
The January 2011 Dutchess County market report showed a drop in both median and average price when compared to same time last year. The median price was down by $25,000. 9 less homes sold this January, and purchase offers at the beginning of the month was also down by 9.
What I wanted to do this month is to show you market trends in January from 2003- present. The shift in the market can be seen by examining the median and average prices over the last 9 years.
Sometimes when I speak with potential sellers, they will tell me … (2 comments)
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dutchess county market report: Real Estate look so much better this June in the Dutchess County New York - 07/09/10 04:24 PM
Real estate look so much better this June in Dutchess County New York. Last June there were 124 properties sold. and this year it jumped to 205, that's an impressive increase of 65.3 percent. I took a closer look to see where most of the sales occurred; the East Fishkill/Fishkill and Wappingers in Southern Dutchess as well as Poughkeesie/City of Poughkeepsie and Hyde Park accounted for most of the sales. The majority of homes sold were in the range of $100,000-$299,000 and the most expensive home sold was in Rhinebeck for $805,700.
SINGLE FAMILY DETACHED SALES JUNE 2010DUTCHESS COUNTY NY
Tip for Sellers
Do not test the market, if you are … (4 comments)
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dutchess county market report: Real Estate Market Report in Dutchess County NY-March 2010 - 04/13/10 03:54 PM
Real Estate Market Report in Dutchess County NY-March 2010
The market report in Dutchess County NY showed 92 single family detached homes sold during March 2010; a 13.6 percent increase over last year, and 14 more units than in February 2010
In March the absorption rate which is the time it takes to work off the existing inventory dropped 3.18 indicating it will take 3 less months than in February to deplete the inventory a positive trend; however Dutchess County continues to be a buyer's market.
The median price also declined it was 7.1 percent less, coming in at $234,000 versus $252.000 last year. This was not … (4 comments)
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dutchess county market report: Dutchess County NY Real Estate Market Report - December 2009 - 01/17/10 08:29 PM
This is the final report for Dutchess County real estate in 2009. In this report I will provide you with the statistics for December but will then take you through a period of 5 years to show you how the market performed.
During the month of December '09 there were 144 single family detached homes sold- a 61.8% increase over same time last year. Interestly, the average price was up 18.4% over last year which is an indication more higher priced properties sold. The median price, on the other hand, fell 5.4 % when compared to last year. As you can see from the chart below, the median … (14 comments)
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dutchess county market report: Dutchess County Real Estate Market Report - July 2009 - 08/08/09 11:54 PM
It is good to see that during July there were more sales than in June; although still down over same time last year. Also both average and median prices were up over last month.
I sense more optimism in the market and this is evident from the fact that more potential buyers are out looking at homes in a wider price range.
Breakdown of the numbers for single family Detached
Median Selling Price - $ 275,000 a decrease of 8.0% from July 2008
Average Selling Price - $ 319,340 a decrease of 11.6% from July 2008
Closed sales - 139 an increase of 12.0% from July 2008
Inventory at beginning of month … (3 comments)
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dutchess county market report: Dutchess County Real Estate Market Report For January 2009 - 02/07/09 10:14 AM
This is the first report for 2009 for Dutchess County single family detached properties. The numbers showed a 15.2 percent drop in the median price, a drop in number of days on market as well as a drop in the inventory level when compared to January 2008.
In the townhouse/condo market, sales in January were down more than two thirds compared with January 2008. More significant was the fact that the sales dollar volume was down 73.8 percent. This could be an indication that single family detached housing is more competitive in the usual condo/townhouse price range and will be worth watching.
… (11 comments)
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dutchess county market report: Dutchess County Market Report For November 2008 - 12/06/08 03:10 PM
With a 28.7 percent drop in the number of sales to 87; down from 122 same time last year, and a starting inventory at the beginning of the month of 2197 it is fair to say there is over 2 year worth of inventory.
WHY THIS COULD BE A GOOD TIME TO BUY
Lots of inventory to chose from ,and sellers more willing to negotiate. With a good credit history you can get a mortgage at a lower rate. Owning in some cases is more advantageous than renting. Breakdown of the numbers for single family Detached
Median Selling Price - $ 299,000 a decrease 3.5% from November … (17 comments)
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dutchess county market report: Dutchess County Market Report For October 2008 - 11/14/08 08:41 AM
Dutchess County Market Report For October 2008
October was the end of the third quarter and there is still about 17 months worth of inventory. With 2240 listings and closed sales less than 200 per month it is easy to see that most of this inventory will carry over to next year since there are only a few weeks left in the year.
TO GET THE EDGE IT IS GOING TO BE ALL ABOUT THE PRICE
Dollar volume for the year is down 32.0% Year to date sale down 29.8% Breakdown of the numbers for single family Detached
Median Selling Price - $ 275,000a decrease of 20.3% from October … (6 comments)
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dutchess county market report: Dutchess County Market Report August 2008 - 09/10/08 11:10 PM
Dutchess County real estate market report continue to show a decrease in most categories when compared to same time last year. August 2007 the median sale price was $350,000, this August it is $317,000. It was good to see a decrease in Days on Market which is an indicator that some properties are selling faster.
A question that I have been asked many times is: Since fall is approaching is this a good time to put my house on the market? I would say it is a great time. This is the time when the children are back in school and parents … (7 comments)
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dutchess county market report: Dutchess county Market Report December 2007 - 01/21/08 11:21 PM
The trend of falling median and average price continued into December. It would take over a year and four months to clear the present inventory. This market continues to experience a slow down in new construction, lots of resale to choose from however we are seeing an increase in short sales and foreclosures. With this in mind it is still a good time to purchase as long as you have good credit and can secure a mortgage.
Breakdown of the numbers for single family detached
Median Selling Price - $310,000 a decrease of 11.4 % from December 2006
Average Selling Price - $402,267 a decrease of 2.4 % from December 2006
Closed sales - 149 … (7 comments)
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dutchess county market report: Dutchess County Market Report October 2007 - 11/21/07 08:07 PM
Based on the numbers released for the real estate market in Dutchess County NY the absorption rate for the month of October stands at 15.2 months for single family detached properties. What this is telling you is that it would take 15.2 months to get rid of the present inventory. This is computed by taking the listings available at the begining of the month, 2223, and dividing it by the sales for the month, 146. This is clearly showing the inventory level is very high. What will that mean for homeowners with property on the market? It might be necessary to revisit … (5 comments)
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dutchess county market report: Dutchess County Market Report September 07 - 10/18/07 12:13 AM
Sun setting over the Hudson River as seen from Norrie Point, Statsburgh, NY
DUTCHESS COUNTY MARKET REPORT
SEPTEMBER SINGLE FAMILY DETACHED
Average Price $ 428,117 a 4.5% increase over September 06
Median Price $ 340,000 a 6.8% decrease over September 06
Closed Sales 143 a 16.4% decrease over September 06, at that time 171 units were closed
Days on Market 113 a 5.6 % increase
Purchase offer at the beginning of month was 116 a 8.7% reduction over September 06
An increase was also noticed in the number of listings available at the beginning of the month - 2254 a 2.4%
Back in August there was a slight increase in the median price, since then it has fallen 6.8% this … (5 comments)
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