Special offer

July 2008 Market Update on the Hudson Valley River Towns - Palisades, Piermont, Grandview, Upper Grandview, South Nyack, Nyack, Central Nyack and Upper Nyack

By
Real Estate Agent with Better Homes and Gardens Real Estate - Rand Realty

The rivertowns are a collection of small towns and villages situated on the western banks of the Hudson River. The rivertowns are among the most special and sought after locations in the lower Hudson Valley and include Palisades, Sneden's Landing, Piermont, Upper Grandview, Grand View, South Nyack, Nyack, Central Nyack and Upper Nyack. Located about 15 minutes north of Manhattan, the rivertowns are perfect for those looking to live in a beautiful, diverse and convenient location with easy access to Manhattan, Connecticut and Westchester.

July 2008 vs. July 2007 YTD - Single Family Homes
New inventory (the number of homes going on the market) decreased 7% (171 YTD 2008 vs. 184 YTD 2007). There was a 30% decrease in the number of sales (52 YTD 2008 vs. 74 YTD 2007).  The average sales price decreased 14.5% to $689,443. Overall, the average sales price for single family homes in Rockland County (inclusive of the river villages) was $517,776 down 7% over the same period last year.

 July 2008 YTD vs. July 2007 YTD - Condos (including townhomes and co-ops)
New inventory (the number of condos going on the market) decreased 5.75% (82 YTD 2008 vs. 87 YTD 2007). There was a 32% decrease in the number of sales (25 YTD 2008 vs. 37 YTD 2007). The average sales price decreased 14% to $441,008. Overall, the average sales price for condos in Rockland County (inclusive of the river villages) was $290,835 down 5% over the same period last year.

Visit my website at http://www.donnacox.com/ to see a wonderful selection of homes for sale in Rockland County and the Hudson Valley Rivertowns. Or, give me a call on 845-641-8613; I'd love to hear from you.

Donna Cox
Associate Broker
Prudential Rand Realty