Real Estate Food For Thought...
Our river villages 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 in the river villages. When we shop local, the money we spend goes back into our community, keeps our villages thriving and impacts the value of homes in the area. It also 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 and home furnishings to sweet treats and restaurants that are happy to host or cater your affair, we have it all right here in the rivertowns. Also, please keep in mind the local charities that serve our neighbors. People to People, the Nyack Center, Soup Angels and so many other local organizations could really use our help to make the holidays special for our neighbors in need. 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 rivertowns in October.
How is the Rivertown Real Estate Market?
October 2018 YTD vs. October 2017 YTD - Single Family Homes
New Inventory (the number of homes coming on the market) increased 1.4% (223 YTD 2018 vs. 220 YTD 2017). There was a 7.3% decrease in the number of sales (115 YTD 2018 vs. 124 YTD 2017). The average sales price for homes that have sold increased 20.1% to $799,663. The median sales price increased 19.5% to $630,000. Overall, the average sales price for homes that have sold in Rockland County (inclusive of the rivertowns) was $498,668, up 6.4% over the same period last year. The median sales price in Rockland County (inclusive of the rivertowns) was $460,000, up 5.0% over the same period last year.
October 2018 YTD vs. October 2017 YTD - Condos/Co-ops
New inventory (the number of condos coming on the market) increased 2.9% (72 YTD 2018 vs. 70 YTD 2017). There was a 2.5% increase in the number of sales (41 YTD 2018 vs. 40 YTD 2017). The average sales price of condos that have sold decreased 2.5% to $415,500. The median sales price decreased 32.5% to $275,000. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the rivertowns) was $246,037, up 5.6% 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 9.0% 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.*