2018 Real Estate Review: NY's Capital Region

Real Estate Agent with Miranda Real Estate Group, Inc. NYS 10401214143

2018 was a VERY interesting year for real estate in New York State's Capital Region.  Low inventory, motivated buyers & low interest rates drove market activity for the first 2 quarters were multiple offers were the norm and sale prices that were higher than asking price were commonplace too.  

With a slight uptick in interest rates, ongoing low inventory & worn-out buyers, conditions seemed to cool off a bit in the last half of the year.  This cool off however, was really a return to typical market conditions.  

SO.... how did the year look by the numbers?*  Here you go: 

* 11,792 single family homes were sold in 2018

* Average sale price was $238,497 which was 98.65% of asking price.

* Average days on market were 59

* Saratoga County had the largest volume of sold properties and the highest average sale price ($298,000)

* Rensselaer County had the lowest volume of sales.

* Schenectady County had the lowest average sale price at $181,766.

* Albany County had the lowest days on market at 42. 


What does this all mean for 2019?  Inventory continues to favor sellers a bit. 

Properly preparing, pricing & promoting any property remains pivotal in ANY MARKET to connect with the right buyer. 


So what about the listings you've seen promoted from my desk here?  Heres's an update:





 24 North St, Colonie... UNDER CONTRACT!

747 Plank Rd, Clifton Park... RENTED


66 James St, Schenectady... UNDER CONTRACT!


  46 Eileen St, Albany... OPEN HOUSE Jan 13th, 1 - 3 pm 


23 Bruce St, Scotia... SOLD!!


13 Turnberry Lane, Clifton Park... UNDER CONTRACT!

1223 Vinewood St, Rotterdam... SOLD!! 


*Per ENYR MLS single family data; not reflective of any personnel opinion or guarantees for future market performance. 

Posted by



Brenda Mayette
Licensed Sales Agent

Miranda Real Estate Group, Inc.

"Getting you home with personality & professionalism"




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Listings By Address
I Love NY
market update
capital region real estate
miranda real estate group
colonie ny
brenda mayette
agent brenda
capital region ny

Spam prevention
Show All Comments
Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

Sounds like my market down South. Just less snow and a lower price point :)

Jan 09, 2019 02:38 PM #1
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, looks like you have a good supply of homes in your area, and you are doing a nice job finding buyers for many of them!

Jan 10, 2019 12:24 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Brenda Mayette

Getting results w/ knowledge & know-how!
Get the answer!
Spam prevention