Dutchess County NY Real Estate Market For December 2010

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

 

SINGLE FAMILY DETACHED  DUTCHESS HOMES FOR December 2010   

 The December 2010 real estate report for Dutchess County showed an increase in the median home price of homes sold.  At the same time there were 20 less homes sold in 2010 when compared to 2009.  The inventory also grew and this, in turn, led to a larger absorption rate.  Clearly this market is still a buyer's market.

Year           Average Price Median Price # of Sales DOM

Inventory

Absorption    Rate Purchase offer 1st of Month
Dec 09 $347,997 $265,000 144 132 1838 12.76 142
Nov 10 $368,151 $277,000 115 137 2137 18.58 132
Dec 10 $328,799 $290,000 124 146 2025 16.33 121

 

The townhouse and condo market, otherwise referred to as single family attached, unlike the single family detached saw a drop in the median price of homes sold.  When compared to 2009 the sales were similar but the increase in the inventory and days on market led to a larger absorption rate.

                 SINGLE FAMILY ATTACHED  DUTCHESS HOME SALES  FOR December 2010

                                                        CONDOS AND TOWNHOUSES    

                                    

Year Average Price Median Price # of Sales DOM

Inventory

Absorption    Rate Purchase offer  1st of Month
Dec 09 $188,403 $179,000 26 119 392 15.07 33
Nov 10 $190,272 $205,000 18 106 455 25.27 26
Dec 10 $181,234 $144,250 25 138 432 17.28 32

 

**Data for report obtained from Mid Hudson Multiple listing Services.  Deemed reliable but not guaranteed.

 

Copyright © by Jennifer Fivelsdal, all rights reserved-Dutchess County NY Real Estate Market For December 2010

                                  

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Karen Kruschka 01/23/2011 11:08 AM
Topic:
Real Estate Market Trends
Location:
New York Dutchess County
Groups:
Hudson Valley Real Estate and Mortgage Professionals
Market Updates
NYStateMLS
Tags:
homes for sale in dutchess county
dutchess county real estate market
dutcess county home sale

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Rainmaker
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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Jennifer,

Good info, I've really found it interesting reading the market updates all over the U.S. Our numbers for 2010 prices were also slightly lower than 2009.

Jan 19, 2011 02:50 PM #1
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Jennifer  Your Duchess County real estate reporteport is well done.  There is no question you know your market area

Jan 20, 2011 04:11 AM #2
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Oops I didn't know this is my second trip - it is still well done :)

Jan 23, 2011 08:04 AM #3
Rainer
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Brian Doubleday
Brian Doubleday - IML RealEstate - Orange County, CA Broker - Ladera Ranch, CA
Ladera Ranch, Foothill Ranch, Lake Forest, Mission Viejo

Great report, I really like the link and opportunity to collect information from a prospective client 

Jan 26, 2011 07:03 PM #4
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