January unit sales for Dutchess County NY attached homes

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 attached home sales January 2019Dutchess County NY January attached home sales (Coops, Condos, and townhouse) showed a big jump in sales, going from 25 in January 2018 to 45 in 2019, this was an increase of 73.1 percent.  For January this was the largest number of sales recorded between 2006 and 2019.   Units sold ranged in price from $ 58,000 to $ 453,000, built between 1910 and 2016 with square footage from 643 to 3,892. A fifth of the units sold for more than list price.

 

 

Average sale price,  increased 15.3 percent when compared to January 2018.  In 2019 the average price was $ 245,856 and for the same time in 2018 $213,142.   The median sale price also increased by 7.3 percent, to $192,000 compared to $179,000 in January 2018

 

 

Days on market decreased this January, at 78 days it was 37.1 percent less than in January 2018 when days on market was 124.  This January had the lowest recorded days on market for attached homes, between 2006 and 2019.

 

 

The attached market inventory increased by  29.1 percent. In other words, the inventory in January 2019 was 142 and 124 same time in 2018.

 

 

 The absorption rate of 3.15 months ( the time it would take to work off the present inventory) was a decrease of 1.08 months from January 2018 when it was 4.23 months.

 

Comparison Dutchess County home sales January 2019 to 2018 Single Family attached homes

 

Data considered Jan. 18 Dec. 18 Jan.  19
Avg. Price $213,142 $210,788 $245,856
Median Price $179,000 $137,500 $192,000
# of Sales 26 35 45
Days on Market  124 114 78
Inventory 110 152 142     
Absorption rate 4.23 4.34 3.15
Purchase offer 31 29 30

 

Other Market reports

 Hyde Park market report January 2019

 

Red Hook market report January 2019

 

Rhinebeck market report January 2019

 

***Data used in this report was obtained from the Mid Hudson MLS

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Rainmaker
2,053,682
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jennifer - thanks for the update on Dutchess County.  Those are really some very strong numbers.

Mar 01, 2019 04:23 AM #1
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Jennifer.  Thanks for keeping us informed about the real estate market in Dutchess County NY.

Mar 01, 2019 04:59 AM #2
Rainmaker
1,150,656
Joyce Marsh
Regal | Christie's International Real Estate - Ormond Beach, FL
Regal Christie's International Real Estate

We always like to stay informed about current market trends throughout the country and appreciated your latest report. 

Mar 01, 2019 12:51 PM #3
Rainer
535,636
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

 

Mar 02, 2019 12:06 AM #4
Rainmaker
1,277,752
Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Always interesting to see how other regions in the state are doing.  Thanks for sharing your january unit sales numbers for Dutchess County.  

Mar 02, 2019 04:58 PM #5
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