Market update for Dutchess County NY attached homes in September 2018

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

Dutchess County NY real estate update for Condos and other attached homes for September 2018

Dutchess County NY attached home sales September 2018

 

The Dutchess County NY real estate September 2018 update for condos and other attached homes increased by 27.5 percent, going from 40 units in September 2017 to 51 this year. Units sold ranged in price from $31,000 to $1,100,000. The million dollar sale was located in Beacon NY.   This was a converted loft of a former industrial building.

The Dutchess County units sold in September were built between 1912 and 2017 with square feet from 560 to 3029.

 

Average price, when compared to September 2017, was down 2.7 percent.  Back then, the average price was $232,267 and this year $225,956, in other words, a 28.5 percent drop.  The median at $153,000 this year came in lower than the same time last year when it was $214,000.

 

Days on market came in at  96, a drop of 7.7percent when compared to 104 last September.

 

Inventory continued to decline, at 137 it was 23.5 percent lower than in September 2017 when the inventory was 179.

 

With an absorption rate of 2.68 months ( the time it would take to work off the present inventory), you can’t afford to make a low offer since multiple offer situations should be common.

Comparison Dutchess County NY home sales September ( attached homes)

Data considered

Sept 17

Aug. 18

Sept.  18

Avg. Price

$232,267

$227,133

$225,956

Median Price

$214,000

$232,500

$153,000

# of Sales

40

47

51

Days on Market

104

125

96

Inventory

179

137

137

Absorption rate

4.47

2.91

2.68

Purchase offer

48

44

55

Dutchess County NY attached home price September 2018

Dutchess County NY attached home sales September 2018

Days on market for atttached homes in Dutchess County NY

 

Inventory for attached home September in Dutchess County NY

Noteworthy observations of Dutchess County NY attached home sales in September 2006-2018

In the single family attached home market, price, days on market and inventory were the lowest between 2006-2018. The number of sales was, however, the highest.

 

Dutchess County homes for sale by regions

Northern Dutchess real estate

Central Dutchess NY real estate

Harlem Valley Dutchess County NY  real estate

Southern Dutchess County NY real estate

 

***Data used  by Jennifer Fivelsdal of JFIVE Homes Realty LLC in the preparation of this report was obtained from the Mid Hudson MLS

 

 

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jennifer - even though the price has dropped you still have a strong market.

Oct 26, 2018 04:09 AM #1
Rainmaker
3,342,328
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jennifer. Professional advice is definitely needed for those trying to navigate "thinventory" and make the right choice. Buyers should call you! Enjoy your day!

Oct 26, 2018 04:43 AM #2
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