Was Dutchess County million dollar home sales up in the first quarter?

Dutchess County million dollar home sales

Comparing  the first quarter report for Dutchess County million dollar home sales, it was noted for the same period of 2015 and 2016 there were 4 sales.

As you will see from the chart,  the homes sold in 2016 were more expensive although the average size was smaller than that of 2015.

One number which stood out was the days on market.  The 2016 days on market was more than twice that of 2015.

First Quarter

                      2015                                                                 2016

Average list price      $ 1,256,250                          Average list price        $ 1,808,750

Average sale price    $ 1,156,250                          Average sale price        $ 1, 538,333

Average DOM                          149                          Average DOM                               326

Average SQ.FT.                     4170                          Average SQ.FT.                           3242

Median  List price   $ 1,215,000                          Median  List price          $ 1,715,000

Median sold  price   $ 1,162,500                          Median sold  price         $ 1,487,500

Sales                                              4                           Sales                                                   4

The sales occured in three Dutchess County town, Amenia, Dover and Washington.

Lots of new inventory to the  market, see the towns represented.

Based on the data, the number of sales need to be much higher in the next three quarters to address the inventory.

Are you in the market for a Dutchess County million dollar home?  If so, start your search here for a million dollar home,