Real Estate Food For Thought...

Our towns and villages in Rockland County are pretty amazing all the time, but they seem to be most magical during the holidays. As the gift-giving season arrives, keep in mind all the wonderful local businesses throughout the county. We all know that by shopping local, the money we spend goes back into our community, keeps our towns and villages thriving and impacts the value of homes in the area. But it’s so much more than that.  Shopping locally owned businesses completely transforms shopping from a stressful, crowded, impersonal ordeal into a warm and inviting experience. Our local merchants personally chose their inventory and their shops are filled with all sorts of unexpected treasures that simply can’t be found in national retail chains. Our store owners thrive on giving each customer outstanding service and personal attention and have a wealth of ideas for the perfect gift for each person on your list. From clothing, jewelry, home furnishings and toys to sweet treats and restaurants that are happy to host or cater your affair, we have it all right here in Rockland County. I wish you all the happiest of holidays and a joyful, healthy and prosperous New Year. With that, here are the homes that sold in the Rockland County rivertowns in October.

October 2017 Home Sales in the Rockland County Rivertowns

 

How is the Rivertown Real Estate Market?

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 happening in your neighborhood, you are welcome to call Donna Cox on 845-641-8613.