Cornwall NY Real Estate Market Report | October 2013

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

Cornwall NY Real Estate Market Report | October 2013

Current Market Conditions Cornwall NY

November, 2013

Cornwall NY Real Estate Market ReportHudson River in Cornwall NY

The Cornwall housing market continues to improve. We had a good month in sales for October. Even though we remain in a buyers market, buyers that want to move into their dream home don’t have as much negotiating power. Less new inventory keeps buyers looking but not waiting when they see something they like.  Changes show Cornwall sales to be improving!

More details about your specific home location are important. Make sure to read this report and contact me for additional info.

  • There are 89 single family homes currently on the market (11 new listings in October)
  • The average list price is $445,000 (ranging from 139,500 to 950,000) The average price of the homes listed in September was $394,000).
  • There are 26 homes currently under contract
  • In the month of October 2013 there were 12 homes that transferred title.
  • The average sold price was $360,806 spending an average of 100 days on the market.
  •  Sold prices ranged from $201,750 to $530,990
  • In the last twelve months there were 116 closed sales with an average sold price of $304,661 spending an average of 125 days on the market
  • The Cornwall NY single family absorption rate is at a 9.6 month supply, and improved from September which was over a 10.5 month supply. Inventory is down and prices seem to be inching their way up. As a seller this is important to know. Inventory down, buyers purchasing homes and without much to look at is a great time to sell.

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.

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.

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Comments (3)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Janis,

Well presented real estate market activity in Cornwall NY! The market is moving in the right direction with less inventory coming on the market. The Absorption rate is moving down also which helps the sellers..I'm sure your readers appreciate you keeping them informed of the real estate market.

Nov 21, 2013 05:46 PM
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

It's all good. Cornwall is a great town with homes in all price ranges. We have some pretty spectacular river views that help keep buyers quite interested in moving here.

Nov 21, 2013 09:46 PM
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

Janis good to hear of the improvement in the Cormwall real estate market in October.   My hope for the new year is that we will be out of the buyers market.

Nov 22, 2013 03:01 PM