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Latham, NY (North Colonie) Real Estate Results for 2009 - Michael Field, The Field Team at Keller Williams Realty
With A few weeks left in the 2009 Year, some preliminary results have been formulated about the Latham Real Estate Market. Here inthe Albany Area, our real estate market has stayed consistently above average compared to most parts of the county. The Town of Colonie which hosts many different Hamlets, Villages and other areas has especially maintained the trend of being one of the healthier micro real estate markets in all of Albany, NY and the surrounding Capital Region. The large assistance of commercial tax basis has provided the residents with a lesser tax load, thus making buying a home in the Town of Colonie a favorable and starting place for many home seekers (especially first time buyers in the Albany Real Estate Arena).
As far as the real estate report for 2009, the trends seem to show that some things are slightly down from the previous year. The number of homes SOLD in the Latham Real Estate market is down from 326 to 305. With the decrease in demand for new home sales, this would definitely impact the overall sales data. The average sale price in 2008 was $331,000 while in 2009 it was $286,000. It's important to note that 125 of the 305 homes that have sold in Latham/North ... more

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