January 2013 Market Report for Rockland County NY By Area

Real Estate Agent with Coldwell Banker, 170 N Main Street, New City NY 10956

January 2013 Market Report for Town of Ramapo Rockland County NY

This year is well under way and flying by.  We're already a month and a half into 2013 and we've had a very active January.  Hopefully its an indication of good things to come.

Let's take a look at what the market has been doing in the Town of Ramapo in Rockland County NY.

January 2013 Market Report forTown of Ramapo, Rockland County NY

The Town of Ramapo is comprised of Airmont, Chestnut Ridge, Hillburn, Monsey, Montebello, New Hempstead, Sloatsburg, Spring Valley, Suffern,  and Wesley Hills.

Though we are still in a buyers market, the number of homes sold per month is increasing and that despite the winter which traditionally is a slower time of year for real estate.  The average list price has been holding steady for the past few months, but the percentage price at which homes are selling relative to the list price is rising moderately as buyers get off their fence and try to lock into a new home at great low interest rates (which won't be around forever - they are already inching up).

The greatest number of sales are in the $350,000-$450,000 price range and if properly priced and in good condition those homes are moving quickly.  Just to put things in perspective, a 1% increase in mortgage rates reduces your buying power by about 10%.  Savvy buyers that have been out there looking are primed to recognize good value and come prepared to jump in and make an offer.  The number of sales in January reflects this.

If you're thinking of buying, NOW is a great time to buy and if you're one of those buyers prepared to jump off the fence and make a move, give me a call, Leah Stern 914-772-4528 and I'll be happy to help you find the perfect home.

Posted by

Lora "Leah" Stern - Your Rockland County, NY REALTOR of Choice - (914) 772-4528

Your Rockland County, NY Real Estate SpecialistLeah Stern Signature Photo

Lora "Leah" Stern
Real Estate Salesperson
Coldwell Banker Residential Brokerage
(914) 772-4528 CELL
(845) 634-0400 OFFICE
(862) 345-2463 FAX

If I can assist you in any way with your real estate needs in Suffern, NY Rockland County or the surrounding areas, please feel free to contact me by phone at (914) 772-4528, email me at Leah.Stern@cbmoves.com or visit my website .

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Team Honeycutt
Allen Tate - Concord, NC

Thanks for sharing your Market Report for January with us. I am so glad you are getting off to a great beginning for 2013.


Feb 12, 2013 11:40 PM #1
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Betty, Glad we are too.  Hope your market is picking up as well.

Feb 13, 2013 12:20 AM #2
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