Real Estate Food for Thought...
Are you thinking about buying? Why not consider a condo, townhome or co-op? In the Rivertowns we have condos, townhomes and co-ops to suit just about everyone – from first-time buyers looking for an affordable way to enter the real estate market to empty nesters looking to scale down in size but not in luxury. These properties offer many benefits. Often, people don’t have the inclination, ability or time to dedicate to regular home maintenance like outside repairs, lawn care, snow removal and other routine maintenance issues that come with owning a single-family home. Condo, townhome and co-op owners pay a monthly fee that includes, among other things, hiring outside services to manage these and other tasks. Many people also like the sense of community and security that having neighbors in close proximity offers. Other advantages are the amenities the complex may offer such as a pool, tennis courts or fitness center – perks you might not be able to afford or have room for in a single-family home. Weigh your options. A townhome, condo or co-op may just be the perfect choice for your next home. With that, here are the homes that sold in the Rivertowns during the July.
How is the Rivertown Real Estate Market?
July 2018 YTD vs. July 2017 YTD - Single Family Homes
New Inventory (the number of homes coming on the market) decreased 4.9% (170 YTD 2018 vs. 162 YTD 2017). There was a 9.5% increase in the number of sales (81 YTD 2018 vs. 74 YTD 2017). The average sales price for homes that have sold increased 19.5% to $825,195. The median sales price increased 13.2% to $631,250. Overall, the average sales price for homes that have sold in Rockland County (inclusive of the rivertowns) was $496,774, up 6.0% over the same period last year. The median sales price in Rockland County (inclusive of the rivertowns) was $455,000, up 3.4% over the same period last year.
July 2018 YTD vs. July 2017 YTD - Condos/Co-ops
New inventory (the number of condos coming on the market) decreased 1.9% (53 YTD 2018 vs. 54 YTD 2017). There was an 12.9% decrease in the number of sales (27 YTD 2018 vs. 31 YTD 2017). The average sales price of condos that have sold decreased 12.9% to $414,856. The median sales price decreased 29.1% to $325,000. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the rivertowns) was $245,571, up 2.8% over the same period last year. The median sales price for condos and co-ops in Rockland County (inclusive of the rivertowns) was $215,000 up 10.3% over the same period last year.
For questions, comments or to find out what’s happening in your neighborhood, you are welcome to call Donna Cox on 845-641-8613.
Better Homes and Gardens Rand Real Estate
46 S. Broadway
Nyack, NY 10960
Email - Donna.Cox@randrealty.com
Phone - 845-641-8613 (cell)