Monroe NY Real Estate Results - January 2017

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

The Monroe, NY real estate results are now available for the January 2017 period.

Monroe NY Real Estate Results - January 2017

The median sales price in Monroe NY during January 2017 was $230K, a 3% increase over the same time period last year, and significantly lower than the previous month. January sales included a foreclosure, short sale, a property in need of rehab and a very small "as is" ranch house. The highest priced home to sell was a four bedroom, two and a half bath colonial in Whitman Place which sold for $495K. In between were two cape cod style homes, a handful of bilevel/raised ranches, and another colonial. In general, cape cod and ranch homes often bring in lower prices than colonials, so the median price for the month is not too surprising when reviewing the actual homes sold.

Regarding sales volume, sales volume remains strong in the Monroe NY area, with 14 sales in January 2017. That is the same level of sales we saw in January 2016. That healthy sales rate is keeping inventory low. Even with the addition of 13 new listings and 9 homes that reentered the market in January, current available inventory was 83 as of February 13th. That is the lowest level of inventory in the last five years.

As always, I can provide data for all of Orange County. If you want more information about Monroe or any other Orange County area, feel free to call me on 914-419-0270 or email me at kat@thehousekat.com

 

Originally published at thehousekat.com.

Comments (12)

Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You provide such great information for the consumers and I am certain that those in Monroe really appreciate it.

Feb 15, 2017 05:59 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this information.  Excellent!  It's most informative.

Feb 15, 2017 06:41 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Brian - Thank you! I hope so. :-)

Jim - Thank  you as well!

Feb 15, 2017 06:56 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Thinventory and rising prices....a trend we are seeing everywhere...let's see what the spring market does to those numbers...the changes in real estate are what makes it a challenge.

Feb 16, 2017 04:41 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Kat.  Thanks for the update for the Monroe NY real estate market.

Feb 16, 2017 05:35 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You still have a strong market and glad that sellers are enjoying the rising prises. Have a wonderful Thursday, Kat.

Feb 16, 2017 06:17 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Kat

 The Monroe New York real estate market  get off to a positive start in January 2016.

Good luck and success.

Lou Ludiwg

Feb 17, 2017 07:17 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat that means buyers better have their best offers ready to go if they do not want to miss out, Endre

Feb 17, 2017 11:24 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

Kat With inventory down I am sure sellers in Monroe are happy, and will be getting higher price for their homes.   This is already happening based on the increase you are seeing in the median price.

Feb 18, 2017 12:17 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Sally/David - I'm hoping for a robust Spring!

Gabe - Good morning, and thank YOU!

Debbie - Thank you. Yes, inventory is definitely moving.

Lou - Yes, there were still a lot of sales.

Endre - That is definitely true.

Jennifer - Thank you for stopping by!

Feb 18, 2017 04:28 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Kat, great market update for Monroe NY. I really like your chart, very easy to comprehend. You're the expert to contact for the best representation when buying or selling in Monroe NY.

Feb 19, 2017 12:55 PM
Foster Smith Summerville
Carolina One Real Estate - Summerville, SC
Summerville & Charleston Homes for Sale SC Realtor

Great market update for Monroe NY! Very comprehensive and educating for the consumer.

Mar 21, 2017 04:08 AM