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July 2009 Real Estate Market Update on the Rockland County River Towns - Palisades, Piermont, Grandview, Upper Grandview, South Nyack, Nyack, Central Nyack and Upper Nyack

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, Connecticut and Westchester.

July 2009 vs. July 2008 YTD - Single Family Homes

New inventory (the number of homes going on the market) decreased 9.4% (155 YTD 2009 vs. 171 YTD 2008). There was a 46% decrease in the number of sales (28 YTD 2009 vs. 52 YTD 2008).  The average sales price of homes that have sold decreased 15% to $586,888. Overall, the average sales price for single family homes that have sold in Rockland County (inclusive of the river villages) was $441,116, down 15% over the same period last year.

July 2009 vs. July 2008 YTD - Condos

New inventory (the number of condos going on the market) decreased 16% (69 YTD 2009 vs. 82 YTD 2008). The number of sales decreased 4% (24 YTD 2009 vs. 25 YTD 2008). The average sales price of condos that have sold increased 7.4% to $473,750. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the river villages) was $285,084, down 2% over the same period last year.

Visit my website at http://www.donnacox.com/ to see a wonderful selection of homes for sale in Rockland County and the Hudson Valley Rivertowns. Or, give me a call on 845-641-8613; I'd love to hear from you.

Donna Cox
Associate Broker
Prudential Rand Realty