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They Got What? Rockland County Rivertowns Market Update – March 2014

By Donna Cox

Real Estate Agent with Better Homes and Gardens Real Estate - Rand Realty

March 05, 2014 08:32 PM

I was talking to a client about what he liked about living in the river villages. He said he ran along the trail, had coffee, went swimming, took his kids to the library and met friends for a nice dinner – all without ever getting in his car. Another client said that since moving here she spends significantly less time in her car, “Everything I want or need is within about 5 miles.” These clients reflect a growing trend in real estate. While location has always been an important when buying a home, today’s buyers are looking for more. A recent survey conducted by the Meredith Corporation shows that lifestyle options now play the primary role when it comes to choosing a home. Among the desired lifestyle options are easy access to restaurants, entertainment, cultural and recreational activities. Buyers are gravitating toward “walking towns” that feature vibrant downtown areas, green space, abundant recreational activities and a strong sense of local community. According to the survey, “…the sense of belonging to a community as well as creating a desirable lifestyle with the home they buy has become paramount.” It’s no wonder the river villages are among the most sought-after communities in the northeast. With that, here are the homes that sold in January.

January 2014 Sales and market update in the Rockland County Rivertowns - Nyack, Upper Nyack, Central Nyack, South Nyack, Upper Grandview, Grandview, Piermont, Palisades, NY as reported by Donna Cox Real Estate agent with Better Homes and Gardens Rand Realty.

January 2014 Sales in the Rockland County Rivertowns

How is the real estate market in Rockland County’s rivertowns? Here’s an overview of how we started 2014 as compared to last January.

January 2014 vs. January 2013 – Single Family Homes
New inventory (the number of homes going on the market) decreased 7.1% (13 YTD 2014 vs. 14 YTD 2013). There was a 40% decrease in the number of sales (6 YTD 2014 vs. 10 YTD 2013). The average sales price of homes that have sold increased 94.2% to $856,917. Overall, the average sales price for single family homes that have sold in Rockland County (inclusive of the river villages) was $424,233, up 7.9% over the same period last year.

January 2014 vs. January 2013 – Condos, Townhouses and Co-ops
New inventory (the number of condos going on the market) decreased 38.5% (8 YTD 2014 vs. 13 YTD 2013). There was an 400% increase in the number of sales (5 YTD 2014 vs. 1 YTD 2013). The average sales price of condos that have sold decreased 67.4% to $244,800. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the river villages) was $215,675, down 1.8% over the same period last year.

What are the Hudson Valley Rivertowns in Rockland County? The rivertowns are a collection of small towns and villages situated on the western banks of the Hudson River. The rivertowns are among the most special and sought after locations in the lower Hudson Valley and include Palisades, Sneden’s Landing, Piermont, Upper Grandview, Grand View, South Nyack, Nyack, Central Nyack and Upper Nyack. Located about 15 minutes north of Manhattan, the rivertowns are perfect for those looking to live in a beautiful, diverse and convenient location with easy access to Manhattan, Connecticut and Westchester.

For more information on what’s happening in the Rivertowns and the Rockland County Real Estate market, give me a call on 845-641-8613 or visit my website www.DonnaCox.com and click “Contact Me.” I’d be delighted to speak with you.