Monroe NY Real Estate Results - February 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 February 2017 period.

Monroe NY Real Estate Results - February 2017

The median sales price in Monroe NY during February 2017 was $293K, a 19% increase over the same time period last year, and 28% higher than the previous month. The highest priced home to sell in February was a four bedroom, three and a half bath colonial in the Estates of Briarcliff which sold for $475K. At the other end of the scale, a two bedroom, one and a half bath chalet-style home had a price point of $195K.  In between were a mixture of raised ranches and colonials with a contemporary and townhouse rounding out the mix. 

Sales volume remains strong in the Monroe NY area, with 13 sales in February 2017 which is slightly higher than the same time period last year. Current inventory is showing the effects of the new listings being added as spring approaches. Even though levels still remain low in terms of a "typical" number of available houses, the 90 that are currently on the market is 6 more than last month's report.

The Monroe NY, and Orange County area is definitely heating up. Anecdotally, two of my listings received offers yesterday and condominiums in a nearby town are going on the market and being scooped up in a matter of days. If you have a home to sell, now might be a good time to consider jumping into the market!

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 (11)

Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Kat, great to see rising home prices in Monroe NY as well as number of sales. Market will only get hotter in the spring months. 

Mar 08, 2017 04:58 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

That's quite a jump in value not only for the year but also over the previous month.  Hopefully it will carry forward until the spring

Mar 08, 2017 06:25 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Beth - Yes, I'm feeling optimistic about this Spring!

Ed - Definitely over the previous month! Looking forward to the next few months to see how things go.

Mar 08, 2017 06:51 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 Thank you so much for your comprehensive market report on Monrow New York Kat Palmiotti 

Mar 08, 2017 08:05 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Kat - you have a bright upbeat market report.  I hope the trend continues.

Mar 08, 2017 08:36 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Great report on Monroe NY.

Mar 08, 2017 10:30 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate market reports.

Mar 08, 2017 10:46 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Kat- it looks like the market is looking up in Monroe, NY.  This is the kind of information that buyers and sellers are looking for. 

Mar 08, 2017 05:39 PM
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 keeping us in the loop with the Monroe NY real estate market.

Mar 09, 2017 05:20 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, sure looks like your home values are doing very well in Monroe this year, and this trend continues.

Mar 10, 2017 06:14 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Paul - And thank YOU for stopping by!

Grant - You and me both!

Lyn - Thank you!

Roy - I hope that is true.

Kathy - It does look like things are heating up. Let's see what March brings!

Gabe - Thank you!

Joan - I hope the trend continues as well!

Mar 13, 2017 12:33 PM