They Got What?! - Rockland County Rivertowns Market Update – 1Q 2017

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

 

 

Real Estate Food for Thought…

If you are thinking of selling your home and want to obtain the best price (and really, who doesn’t?!) focus on presentation, pricing, promotion and property accessibility. Successful sellers invest in cleaning and sprucing their home up before putting it on the market. This extra effort helps present your home in its best light and differentiates it from many other homes on the market. Sellers are often surprised to learn that approximately 28% of the homes sold in the past year sold at or above their asking price. These homes are thoughtfully priced right from the start. When buyers see your well-presented, well-priced home come on the market they get excited and hurry to see it. More buyers seeing your home can result in multiple offers, driving your selling price up. An aggressive marketing campaign to promote your home is key. It’s not just being on every website buyers utilize, it is how your home is showcased on these sites – inviting descriptions and enticing pictures go a long way toward capturing buyer interest. And finally, the ability for buyers to see your home easily is important. Homes that are easy to show potential buyers are often the ones that sell for the highest price. So, if you’d like to obtain the best price for your home, remember the 4Ps. With that, here are the homes that sold in the Rockland County Rivertowns during the first quarter of this year.

 

First Quarter 2017 Home Sales in the Rockland County Rivertowns

How is the real estate market in Rockland County, NY?

Sales in the Rivertowns 1Q2017

So, How is the Real Estate Market?

March 2017 YTD vs. March 2016 YTD – Single Family Homes
New Inventory (the number of homes coming on the market) increased 13.3% (45 YTD 2016 vs. 51 YTD 2017). There was an 20.8% increase in the number of sales (24 YTD 2016 vs. 29 YTD 2017). The average sales price for homes that have sold increased 9.4% to $732,041. The median sales price decreased 14.0% to $545,000. Overall, the average sales price for homes that have sold in Rockland County (inclusive of the river villages) was $460,220, up 4.2% over the same period last year. The median sales price in Rockland County (inclusive of the river villages) was $425,000, up 6% over the same period last year

March 2017 YTD vs. March 2016 YTD – Condos/Co-ops
New inventory (the number of condos coming on the market) decreased 3.8% (25 YTD 2017 vs. 26 YTD 2016). There was a 22.2% increase in the number of sales (11 YTD 2017 vs. 19 YTD 2016). The average sales price of condos that have sold increased 78.2% to $424,758. The median sales price increased 155% to $458,333. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the river villages) was $204,057, down 5.0% over the same period last year. The median price was $190,000, down 1.3% 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 or the Rockland County Real Estate market in general, 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.

Donna Cox
Associate Broker
Better Homes and Gardens Real Estate Rand Realty
46 S. Broadway Nyack, NY 10960
845-641-8613 (cell)
845-358-7171 (office)

Comments (2)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

It is so very professional of you to prepare and share such vital information that is both relevant to the needs of home buyers and sellers.  Good job and thanks for sharing.

Apr 05, 2017 08:08 AM
Donna Cox
Better Homes and Gardens Real Estate - Rand Realty - Nyack, NY

Thank you so much for your kind words.

Apr 05, 2017 08:31 AM