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Saratoga Springs Real Estate Market Update - Saratoga Springs, NY

By
Real Estate Agent with Keller Williams Capital District Real Estate

Saratoga Springs Real Estate Market Update - Saratoga Springs, NY

The Greater Capital Association of Realtors just released a report on the Real Estate Market for the Greater Capital Region and Saratoga County for March. 

Keller Williams Home For Sale in Saratoga Springs, NY

 

Capital Region Real Estate Market for March 2010

 

Although we faced some cold weather and heavy snow buyers in the region were still active for the month of Februrary.  Over 600 purchase agreements were signed which is an increase of 13.5% for the real estate market from a year ago.  We faced the snow head on.  

The highest number of homes purchased was below $125,000.  This was a 27% increase for the real estate market from last February. Home prices are showing signs of stabilizing with the median home price $12,000 more than last year.  This is a 7% increase from last year. 

Real Estate Market For Seller's

Seller's are now recieving offers closer to their orginal asking price.  However this does not remain true for homes in the upper bracket priced homes.  With the attractive prices, tax incentives, and low mortgage rates noticeably improved the amount of affordibility over the last two years. 

The Tax incentive of $8,000 and the moving up credit of $6,500 will be coming to an end April 30, 2010.  Make sure you don't miss this wonderful opportunity. 

 

Saratoga County Real Estate Market for March 2010

Saratoga Home Sales to Date

Saratoga Springs Real Estate Market March 2010

 

New Listings for Saratoga County Real Estate Market are up 10.6% from last February at 356.  The amount of closings are also up a whopping 32.2% from last year totaling 119 sales. 

The Median Sales Price for a home in Saratoga County above adverage totaling $250,000.  This is up 9% from last year. 

If you are looking to buy or sell a home in the Saratoga Area contact me.  I value your business you can also recieve a free market comparison with no obligation by visiting my website.

Search for a Saratoga Homes For Sale.

 

Comments (2)

David Okada
Douglas Elliman Real Estate - Manhattan, NY
Service-Beyond Your Expectations

Thanks for the post. Its always interesting to see what is happening in other parts of New York

Mar 23, 2010 08:31 AM
Melissa Furman
Keller Williams Capital District Real Estate - Saratoga Springs, NY
Lic Real Estate Salesperson Luxury Homes

Thanks for reading Dave. 

Mar 23, 2010 08:54 AM