2014 Real Estate Results: Monroe NY 10950

By
Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker/REALTOR® RRE-BRO-LIC-75443

2014 Real Estate Results in Monroe NY 10950

 

 

 

What a year!  If paying attention to sales price trends is your thing, I'll bet 2015 helped make you a bit dizzy!  As can be seen in the above chart, which is based on sold single family homes, by August there had been a $75K increase in median sale prices in Monroe NY since January 2014.   As of the end of August, median prices continued to hover around the $315-320K mark, which was a large improvement over the beginning of the year. 

 

And then came September.  The median sales price dropped to a level that hadn't been seen since 2013. As indicated in the September market report, there were some other data points that might have been helpful in understanding that drop.

 

And then came October.  The median sales price was on its way back up, and the October median was 18% better than it was at the start of the year.

 

And then, November.  In November, the median dropped by $30K over October. A linear trend line would demonstrate a slight upward tick since the beginning of the year, but some of the excitement that prices were going to make a significant improvement this year has dissipated.  

 

And then, December.  Both the median and average prices were right around $285K, a 19% increase since the beginning of the year.

 

What do these results mean?   Regardless of the up and down nature when analyzing the month to month results, the bottom line is that in 2014, sales prices increased over the course of the year. Inventory has also been slowly decreasing.  While there is no crystal ball regarding the future, the decreasing inventory in Monroe should result in prices that continue to move up.

 

Stay tuned for 2015 results and feel free to contact me with any questions about Monroe NY real estate!

Comments (14)

Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Kat.  That is great news about the prices.

Jan 02, 2015 08:58 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Kat. That is a serious increase in values, especially great for anyone that is considering selling.

Make it a great weekend!

Jan 02, 2015 09:15 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Conrad - Yes, we'll see what happens next year!

Joe - Thanks!  I hope you have a great weekend also.

Jan 02, 2015 11:36 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Yes the trends are indicating that the prices will be moving up. That is just the way the system works.

Jan 03, 2015 01:22 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Kat Palmiotti ending the year 20% up is a trend that I'd like to see repeated.

Jan 03, 2015 01:51 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kat - Thanks for the very good information about 2014 real estate results Monroe, New York 10950.

Jan 03, 2015 03:07 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Kat, thanks for the update for the Monroe NY real estate market.

Jan 03, 2015 09:48 PM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Kat Palmiotti wanted to send you a big warm and sunny greeting for a Happy New Year!

Jan 03, 2015 09:52 PM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Kat ... very thorough and helpful local real estate examination.. open book on what is up in your area you know like the back of your, er ... paw. I mean hands down you have the knowledge on is purring, struggling with a hair ball clog in activity.

Jan 03, 2015 11:27 PM
Janis Borgueta
Newburgh, NY
Retired RE Salesperson

It is like a bit of a rollercoaster ride anymore Kat Palmiotti but the Monroe Real Estate Market is one to be watched. Great report

Jan 04, 2015 09:23 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Debbie - Up is a good trend!

Wayne - Me too!

John - Thank you!

Gabe - Thanks for stopping by!

Marco - And a Happy New Year to you!

Andrew - hahaha and meow.

Janis - Thank you!  It was definitely an up-and-down year.

Jan 04, 2015 10:14 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Kat Palmiotti , That is a good indication for those that have been holding out in putting their homes on the market.  Now would be a god time to start getting their home ready for sale.

Jan 05, 2015 11:51 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Kat

Thoughtful and informative post on 2014 in your Monroe NY market. That was quite a ride but looks like the trend is in the right direction heading into 2015. Hope it continues.

Jeff

Jan 05, 2015 12:30 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Larry - Absolutely, and thanks for the comment!

Jeff - Me too!  The trend is definitely moving in the right direction. Thanks!

Jan 05, 2015 07:51 PM