Cornwall NY Real Estate Market Report | September 2013

By
Real Estate Agent with Key Properties of the Hudson Valley NYS DRE #40BO1055114

Current Market Conditions Cornwall NY

October 10th, 2013PUmpkins in cornwall ny

Cornwall NY Real Estate Market Report

The Cornwall housing market continues to improve, but ever so slightly.  Homes are selling with prices remaining rather stable from last month.  We remain in a buyers market, with  homes usually selling in about three months time. The Cornwall market includes both Cornwall and Cornwall on Hudson NY. More details about your specific home location are important if you are looking to sell.  Make sure to read this report and contact me for additional info.

  • There are 101 single family homes currently on the market (15 new listings this month)
  • The average list price is $396,536 (ranging from 174,900 to 1,990,000) The average price of the homes listed in August was $399,000).
  • There are 29 homes currently under contract
  • In the month of September 2013 there were 13 homes that transferred title.
  • The average sold price was $261,446 spending an average of 90 days on the market.
  •  Sold prices ranged from $149,997 to $439,990
  • Year to date there have been 90 closed sales with an average sold price of $286,495 spending an average of 124 days on the market
  • In the last twelve months there were 112 closed sales with an average sold price of $280,465 spending an average of 126 days on the market
  • The Cornwall NY single family absorption rate is at a 10.5 month supply, and improved from August which was over a 12.5 month supply. While prices seem to be holding steady and improving some, it remains a buyer’s market. Inventory continues to decrease which is a good thing for sellers.

If you are looking to buy or sell in the near future, or just want to know what your home is worth in the current market don’t hesitate to ask. Contact me for your FREE market analysis on  your home now. I can provide a more detailed look of your specific neighborhood. Ask for your local Cornwall Real Estate Agent to help you navigate through the process. I look forward to hearing from you soon.

SEARCH for your next home…. 

Cornwall NY

Real Estate Market Report September 2013

published by: Janis Borgueta Key Properties of the Hudson Valley  in Newburgh NY. Her blog is about living, working and Real Estate in The Hudson Valley. Information here is a community service to the public.  Please subscribe to this blog. When you are looking to buy a new home, Search the MLS for New Homes in Newburgh NY. You can contact Janis at (845)-527-7115 or find her on Google+ 

Statistics represent single family homes  for sale in Newburgh NY (source GHVMLS ).  Information is deemed reliable, but not guaranteed.

This post was originally published at "Cornwall NY Real Estate Market Report | Septmber 2013" Like what you see? Don’t forget to subscribe to my blog to keep updated with the latest Hudson Valley Real Estate, Community News and Homes on the market..

 

 

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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Janis, We are continuing in a buyers market too. A 7-8 month inventory doesn't make buyers want to make quick decisions. 

Oct 10, 2013 11:56 PM #1
Rainmaker
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Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Debbie - We still have shortsales in the way of things getting better too fast right now. 

Oct 11, 2013 12:31 PM #2
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Janis Borgueta

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