Monroe NY Real Estate Results - April 2018

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Real Estate Agent with Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com 10301213186

The Monroe, NY real estate results are available for April 2018. The number of monthly sales were stronger than the same time last year, available inventory increased slightly and sales prices for the month were healthy. If you are a buyer, there is still a low level of inventory. You have to be ready to make an offer when you see the right house, which means it's imperative that you have a pre-approval in place. If you are a seller, it is still a great time to put your home on the market. Buyers are looking.

 

Following is an overview of the April 2018 Monroe NY results.

 
Sales Volume

In the month of April 2018, there were 16 sales, which is 33% more than the same time last year. There are currently 49 single family homes under contract in the town of Monroe. 28 of those went into contract during the month of April so buyers are out there! In our area, it typically takes a few months to close after signing a contract, so the rest of the Spring should remain strong in terms of sales. Also, there are currently a total of 85 single family homes on the market. That's slightly higher than the 82 in last month's report, but it remains low. Monroe remains a seller's market. Sellers with correctly priced and presented homes can sell quickly.

 
Median Sales Prices

The median price for January of this year was $255K. April was $325K. The strong price is a sign to buyers who are on the fence to get off! It also signals to sellers that a correctly priced home can sell quickly and for a decent amount of money. And more information - the lower priced sales in the month included a very small trust sale (two bedrooms, 768 square feet), and a foreclosed home. Both sold around the $200K price point. On the high end, a lake house with four bedrooms in the main home and a two-bedroom accessory apartment sold for $750K. There is a home to suit every price level, and every price level is selling.

 
Days on Market

The homes that sold in January took more than four and a half months to get to signed contract. In April, the days on market for the homes that sold was less than four months. Typically, the "hotter" the market, the lower the number of days it takes. Keep in mind that in our area of New York, it could take a few weeks between the time an offer is accepted and the time a contract is fully executed, which is when the listing is changed to "contract." That's why it's interesting that the fastest time to signed contract this month was four days from listing. Some buyers may be moving to contract prior to inspection, just to make sure that house will be theirs. That is definitely a sign of a hot market.

 
Bottom Line

The real estate market in the town of Monroe NY is healthy.  Prices are over $300K in terms of median price range. Inventory remains low. As I mentioned in my last month's report, quality homes are still needed! If you are a seller and want to put your home on the market, now is the time. If you are a buyer, it's important to be ready to go. The best way to ensure you're ready to sell or buy is to talk to a real estate professional. I'm happy to help! To get started, call me on 914-419-0270 or email me at kat@thehousekat.com.

Monroe NY Real Estate Results - April 2018

 

For previous market results reports, click here.

 

 

Originally published at thehousekat.com.

 

 

Posted by

 

Kat Palmiotti, The House Kat

Licensed Associate Broker, CBR®

Grand Lux Realty, Inc.

428 Main Street

Armonk, NY 10504 *

* still supporting Monroe NY, Orange & Rockland counties.

 

914-419-0270 (cell)

email: kat@thehousekat.com

www.thehousekat.com

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Rainmaker
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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 information and update about the Monroe, NY real estate market.

 

May 05, 2018 05:08 AM #1
Rainmaker
1,619,067
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kat - it looks like Monroe NY had a win win month with sales and inventory increasing.  Good news.

May 07, 2018 06:52 AM #2
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I think Monroe is showing the same trends we are all experiencing Kat Palmiotti 

May 09, 2018 09:26 PM #3
Rainmaker
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Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Gabe - Thank you and good morning too (different day!)

Grant - Good morning, and yes it was a win-win.

Paul - That would not surprise me!

May 10, 2018 03:21 AM #4
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Kat Palmiotti

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