City of Poughkeepsie home sale for the first two quarters of 2013

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

City of Poughkeepsie home sale for the first two quarters of 2013

In the City of Poughkeepsie during the first two quarters 50 single family detached homes sold.  The properties sold included properties which were considered uninhabitable and sold as is for cash since financing would be almost impossible.  There were also short sales and bank owned properties.

Poughkeepsie Main Street

 

How did the City of Poughkeepsie first quarter home sale compare to the second quarter?

In the first quarter 19 single family detached homes sold, however there was a big increase in the second quarter when 31 homes sold.

The homes sold in the first quarter ranged in price from $34,000-$290,000.  In the second quarter the range was 15,000 - 345,000

When you look at the average sale price the second quarter came in lower than the first.

The City of Poughkeepsie average sale price is lower than surrounding towns which usually have inventory in a higher range.  The average sale is also lower that the County which is usually over $200,000.

 

                                                                              

                                                     First Quarter               Second Quarter

Average List Price                                    $171,892                                   $168,323

Average Days on Market                                 143                                            123

Average Square Feet                                     1739                                           1759

Average $ per Square Feet                            $101                                            $96

Average Sale Price                                   $164,017                                    $159,665

Average  Sold $ per Square Feet                    $96                                             $91

Single Family home sale                                   19                                               31

 

The City of Poughkeepsie is the Dutchess County seat where you will find County offices, and

home to about 32,790 residents.

 

 

 

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New York Dutchess County Poughkeepsie City Of Poughkeepsie
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Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Jennifer, Thank you for the information. Sellers and buyers in Poughkeepsie  will benefit from reading this post.

Jul 27, 2013 09:19 PM #1
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jennifer.... it's good to see that the market in Poughkeepsie NY is going in the right direction.... those who are thinking of buying and selling in Poughkeepsie would be wise to call you for guidance...

Jul 27, 2013 09:28 PM #2
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jennifer very nice job on the Market Report as always.  That was a huge increase in sales from the first quarter to the second quarter.  In would be nice to see a similar increase in the third quarter.

Jul 28, 2013 05:51 AM #3
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Gita it is always interesting to do a comparison of the market.

Barbara I hope it continue that way.

George it would be really nice

 

Have a great week to you all.

Jul 28, 2013 10:26 AM #4
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