Real Estate Food for Thought...

Some people view buying a house as purely a financial transaction, often underestimating the less tangible but equally important emotional benefits of owning a home. There’s a big difference in buying a house and having a home.  A house is a basic structure – shelter from the elements and a place to sleep and put stuff. Buying a house is just the first step. Making a home is what’s important.  It’s true – home is where the heart is. A home is where you feel comfortable, warm, safe and protected. A home is where you live your life, where friends and family gather to celebrate holidays and where a lifetime of memories are made. The homes we live in become an integral part of who we are. How many of us have driven by a home we moved out of years ago just to reminisce? A home is about establishing roots. A home is where you can plant perennials and watch them bloom year after year. You can plant a sapling and watch it grow into a glorious shade tree; you can plant a family and watch it blossom. I wish you all a lovely Thanksgiving! With that, here are the homes that sold in the rivertowns in September.

How are the Rockland County and Rivertown Real Estate Markets Doing?

October 2017 YTD vs. October 2016 YTD - Single Family Homes
New Inventory (the number of homes coming on the market) increased 2.3% (220 YTD 2017 vs. 215 YTD 2016). There was a 13.8% increase in the number of sales (124 YTD 2017 vs. 109 YTD 2016). The average sales price for homes that have sold decreased 3.2% to $666,082. The median sales price decreased 9.9% to $527,000. Overall, the average sales price for homes that have sold in Rockland County (inclusive of the rivertowns) was $467,932, up 2.8% over the same period last year. The median sales price in Rockland County (inclusive of the rivertowns) was $438,000, up 3.7% over the same period last year.

October 2017 YTD vs. October 2016 YTD - Condos/Co-ops
New inventory (the number of condos coming on the market) decreased 1.4% (70 YTD 2017 vs. 71 YTD 2016). There was an 11.1% decrease in the number of sales (40 YTD 2017 vs. 45 YTD 2016). The average sales price of condos that have sold remained unchanged at $407,500. The median sales price increased 45.5% to $407,500. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the rivertowns) was $233,224, up 1.7% over the same period last year. The median sales price in Rockland County (inclusive of the rivertowns) was $197,250, up 1.2% over the same period last year.

For questions, comments or to find out what's going on in your neighborhood, give me a call on 845-641-8613!