Dutchess County attached homes market update for September 2017

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

Sales in the Dutchess County NY attached home market, that is condos, coop, and townhouses.  In September 2016 there were 49 sales, and nine less this September which was a drop of 18.4 percent. 

dutchess County attached homes market update

 

Attached homes sold,  ranged in price from a co-op for $55,000 to a three-bedroom condo for $749,000 in Beacon.  The homes ranged in size from 810 square feet to 2510 square feet and were built between 1912 and 2017.  Ten of the units sold for more than $300,000.

Although sales were down, both the average and median price rose by 6.7 percent and 5.7 percent respectively. (See data in chart)

Another positive trend was in the average days on the market before a unit sold.  During September 2017 homes were on the market fifteen fewer days than last September when it was 119 days; this was a drop of 12.6 percent.

Inventory fell 30.6 percent, going from a high last September 2016 of 258 to a low this year of  179.  At the same time purchase offers increased by one, going from 47 to 48.

There are about 4.48 months of inventory which means, if you see a unit you like, you need to act quickly and there will probably be multiple offers.

 

Dutchess County attached homes market update September 2017 Data

 

Data considered

Sept. 16

Aug.  17

Sept. 17

Avg. Price

$ 217,592

$ 203,010

$ 232,267

Median Price

$ 210,000

$ 194,000

$ 214,000

# of Sales

      49

        53

      40

Days on Market

    119

        84

     104

Inventory

    258

      199

     179

Absorption rate

   5.27

      3.75

   4.48

Purchase offer

    47

        53

    48

 

        

          

         

 

Comparison Dutchess County NY real estate in September (attached homes)

Dutchess County NY home price September 2017 

Dutchess County NY attached home sales September 2017Dutchess County NY home inventory September 2017Dutchess County NY attached homes day on market September 2017

You will also find the Dutchess County NY real estate September 2017 market update for Detached homes informative.

A home sale in your neighborhood can affect your home value.  Request a market analysis today.

 

 

***Data for this report came from the Mid Hudson MLS.

 

 

 

 

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Rainmaker
5,125,017
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jennifer Fivelsdal it looks like your condo market is a strong one.... good information here for those who are thinking of getting into the real estate market in your area....and they would be wise to call you for guidance...

Oct 30, 2017 04:45 AM #1
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Jennifer - thanks for the update on Condos and Townhomes in Dutchess.  Look like a strong market.

Nov 06, 2017 09:29 AM #2
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