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New Paltz Market Conditions

By
Real Estate Agent with Woodstock Real Estate - CB Village Green

There's now more data to look at and the New Paltz market reflects the downturn in the market.

The number of units sold between 1/1/08 and 5/1/08 is almost half of the units sold during the same period on 2007.

Number of units '08: 12
Number of units '07: 27

Sales volume is obviously down, but average prices have risen:

Average sales price '08" $388,083
Average sales price '07: $306,166

There are currently 79 active listings in New Paltz including 9 condos, ranging from 1a 2-bedroom bungalow for $225,000 to a high-end B*B on the market for $2,400,000. There are currently 4 deals in contract.