Monroe NY Real Estate Results - March 2019

By
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 March 2019.  The number of monthly sales, available inventory, and sales prices all increased.

 

Following is an overview of the March 2019 Monroe NY results.

 
Sales Volume

In the month of March 2019, there were 16 single family home sales, which was a slight increase over February (14%). There are 37 homes currently under contract with more than half going under contract prior to March. Those sales results should start showing up in April.

 
Inventory

In terms of inventory, at the end of February 2019 there were 75 homes on the market while at the end of March there were 93, an increase of 24%. At this time last year, there were 82 homes on the market, so the Spring market seems to be starting a little earlier in 2019. Also of interest, the current number of active listings represents about four and a half months of inventory. Last month Monroe had about four months of inventory available. That means that while the market is still a seller's market, it is on the way to being balanced as it was for most of 2018.

 
Median Sales Prices

The median sales price for March 2019 was $316,500, a 2% increase over February 2019. In this area, any months with median prices over $300K indicate a healthy market. To get an idea of the types of homes that are selling, the lowest price home sold in March was a two bedroom, one bath "arts & crafts" style home with 780 square feet of living space. While small in size, the home overlooked Walton Lake, and had outdoor patio/ deck/ windows on both levels for enjoying the lake views. The listing indicated this home needed TLC. It was listed at $112K and sold for $125K.

 

The most expensive home that sold in March was a four bedroom, two and a half bath Colonial style home with 2,508 square feet of living space. This home had hardwood flooring, custom kitchen cabinets and Quartz counters, a walk-up attic and walk-out basement, deck, yard and more. This home was listed at $455K and sold at $435K.

 
Summary

It is a great time to sell. The Spring market is heating up and competition is increasing. If you want to get ahead of the curve, now is the time to get your home on the market!

 

If you are a buyer, it's important to be ready to make an offer as soon as you find "the" house. The best way to ensure you're ready is to talk to a real estate professional. I'm happy to help!

 

Call me on 914-419-0270 or email me at kat@thehousekat.com.

Monroe NY Real Estate Results - March 2019

 

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

facebook    Kat's Homes

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Rainmaker
3,193,292
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Looks like both inventory and prices are headed in the right direction !

Apr 03, 2019 04:28 AM #1
Rainmaker
3,173,507
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kat. Sounds like the spring market is off to a good start. Enjoy your day!

Apr 03, 2019 04:39 AM #2
Rainmaker
1,281,263
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Kat,
Thanks for the report. I like the idea of a balanced market developing. 

Apr 03, 2019 04:48 AM #3
Rainmaker
1,406,413
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Yes, Sally K. & David L. Hanson - inventory and prices ARE going in the right direction! Have a great day.

Wayne Martin - Good morning to you as well!

Thank you Carol Williams - We were balanced most of last year as well!

 

Apr 03, 2019 05:05 AM #4
Rainmaker
3,247,802
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning,  Kat- - -this is an easy-to-read report for Monroe,  NY real estate. Valuable statistics at a glance.

Apr 03, 2019 05:28 AM #5
Ambassador
3,046,780
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Another great real estate market report, Thank you Kat Palmiotti 

 

Make this an extra special day....

Apr 03, 2019 06:00 AM #6
Rainmaker
1,158,273
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti - Sellers should read your Monroe market report to realize that the time to put their home on market is now.  They will be in good hands with you beside them.  Monroe has a very reasonable market position that most buyers should be able to afford.

Apr 03, 2019 07:53 AM #7
Rainmaker
3,076,184
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat,  Great information for buyers and sellers in your area.  How soon are you coming to Montana?

Apr 03, 2019 08:51 AM #8
Rainmaker
1,583,371
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Apr 03, 2019 12:44 PM #9
Rainmaker
1,406,413
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you Michael Jacobs for your comment!

Thank you Paul S. Henderson, REALTOR®, CRS - I hope you have a fantastic day today.

Yes, Sheri Sperry - MCNE® - Now is a great time to sell!

Apr 04, 2019 04:54 AM #10
Rainmaker
1,406,413
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Hi Will Hamm - There are still a few unknowns, but if all goes well, we should be there in June!

And thank you Jeremy K. Frost for your comment!

Apr 04, 2019 04:55 AM #11
Rainmaker
1,964,191
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Good Morning Kat Palmiotti - Considering what the climate is like in northern states, I would say you are off to a great new start for 2019! Those March statistics so far appear to be very favorable and I wish you many happy buyers and sellers with huge success! 

Apr 04, 2019 07:49 AM #12
Rainmaker
1,376,859
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Kat, this looks like a pretty healthy market that does have some options for buyers.

Apr 04, 2019 09:46 AM #13
Rainmaker
1,406,413
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Patricia Feager, MBA, CRS, GRI,MRP - Thank you! I plan for happy buyers and sellers!

Jeffrey DiMuria 321.223.6253 Waves Realty - Yes, the market is healthy. Thanks for your comment!

Apr 04, 2019 10:13 AM #14
Rainmaker
1,852,134
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kat - it looks like a good time for sellers to get off the fence andn contact Kat Palmiotti .

Apr 08, 2019 06:05 AM #15
Rainmaker
1,406,413
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you Grant Schneider - now is a great time to sell!

Apr 08, 2019 08:52 AM #16
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