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Market Update for The Hudson Valley's Rivertowns

By
Real Estate Agent with Better Homes and Gardens Real Estate - Rand Realty

The rivertowns are a collection of small towns and villages situated on the western banks of the Hudson River. The rivertowns are among the most special and sought after locations in the lower Hudson Valley and include Palisades, Sneden's Landing, Piermont, Upper Grandview, Grand View, South Nyack, Nyack, Central Nyack and Upper Nyack. Located about 15 minutes north of Manhattan, the rivertowns are perfect for those looking to live in a beautiful, diverse and convenient location with easy access to Manhattan. 

August 2007 vs. August 2006 YTD - Single Family Homes in the River Villages - New inventory (the number of homes going on the market) increased 2.7% (194 YTD 2007 vs.189 YTD 2006). The number of sales increased 5.5% (96 YTD 2007 vs. 91 YTD 2006).  The average sales price decreased 7.6% to $753,376. Overall, the average sales price for single family homes in Rockland County (inclusive of the Rivertowns) was $555,387, down 1.8% over the same period last year.

August 2007 YTD vs. August 2006 YTD - Condos (Including co-ops and townhomes) in the River Villages - New inventory (the number of condos going on the market) decreased approximately 16.4% (97 YTD 2007 vs. 116 YTD 2006). The number of sales increased 20.5% (47 YTD 2007 vs. 39 YTD 2006). The average sales price increased 20% to $552,178. Overall, the average sales price for condos in Rockland County (inclusive of the Rivertowns) was $312,363 down approximately 4.3% over the same period last year.

Visit my website at www.DonnaLCox.com to see a wonderful selection of homes for sale in Rockland County's rivertowns.

Donna Cox
Prudential Rand Realty