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It Takes A Village - Hudson Valley Rivertown Market Update

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

I have never been more proud to be a part of the river villages than I have been this past month. The damage caused by Sandy is unlike anything most of us have ever seen. But, amid the devastation, power outages and gas lines, organizations, community groups and neighbors all came together to help each other. Our mayors were ever present, providing support and daily updates on progress and relief efforts. As Bill Batson from Nyack News and Views put it, "We realized that we live in a community where local government is walking distance from virtually every home and that as neighbors we are eager to work together when faced with a catastrophe." Our police and volunteer fire departments worked tirelessly assisting residents and businesses. Our Departments of Public Works have been the backbone of the cleanup effort. Our community generously responded to People to People (Rockland’s food pantry) and The Nyack Center’s request for food donations to make sure local families had access to food during this difficult time. Neighbors with power selflessly offered warm showers, hot food and refuge to those without. And regardless of how one may feel about our utility company, we must recognize and thank the countless utility workers who worked day and night to restore our power. We may argue over things like parking, politics and policies but in tough times we pull together to help one another. We still have a long way to go and I have no doubt that by working together we will get there. I hope you all had a wonderful Thanksgiving and I wish you all the most joyful of Holidays and a happy, healthy and prosperous New Year. With that, here are the homes that sold during October.

October 2012 Home Sales in the Rivertowns

October 2012 YTD vs. October 2011 YTD - Single Family Homes
New inventory (the number of homes going on the market) increased 3.4% (213 YTD 2012 vs. 206 YTD 2011). The number of sales increased 27.1% (89 YTD 2012 vs. 70 YTD 2011). The average sales price of homes that have sold decreased approximately 8.7% to $644,612. Overall, the average sales price for single family homes that have sold in Rockland County (inclusive of the river villages) was $419,426, down 5.3% over the same period last year.

October 2012 YTD vs. October 2011 YTD - Condos
New inventory (the number of condos going on the market) increased 1.4% (73 YTD 2012 vs. 72 YTD 2011). The number of sales decreased 16.7% (25 YTD 2012 vs. 30 YTD 2011). The average sales price of condos that have sold increased approximately 6.1% to $369,293. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the river villages) was $223,823, down 6.2% over the same period last year.

For more information on what’s happening in the Rockland County Real Estate market, give me a call on 845-641-8613. I’d be delighted to speak with you.

What are the Hudson Valley Rivertowns? 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, Connecticut and Westchester.

Team Honeycutt
Allen Tate - Concord, NC

It sounds as though you live in a place that is like we would all like to be a part of. Your story of people puling together is very inspirational and I admire all of you.

Betty

Nov 27, 2012 01:00 AM
Donna Cox
Better Homes and Gardens Real Estate - Rand Realty - Nyack, NY

Thanks, Betty. It really has been inspirational to watch everyone pull together. Here is another link about what it's like to live here....http://actvra.in/M7s

Nov 27, 2012 02:49 AM