Real Estate Food for Thought...
If you are thinking of selling your home and want to obtain the best price (and really, who doesn’t?!) focus on presentation, pricing, promotion and property accessibility. Successful sellers invest in preparing and sprucing their home up before putting it on the market. This extra effort helps present your home in its best light and differentiates it from many other homes on the market. When it comes to pricing, sellers are often surprised to learn that approximately 34% of the homes sold in the past year sold at or above their asking price. These homes are thoughtfully priced right from the start. When buyers see your well-presented, well-priced home come on the market they get excited and hurry to see it. More buyers seeing your home can result in multiple offers, driving your selling price up. An aggressive marketing campaign to promote your home is also key. It’s not just being on every website buyers utilize, it is how your home is showcased on these sites – inviting descriptions and enticing pictures go a long way toward capturing buyer interest. And finally, the ability for buyers to see your home easily is important. Homes that are easy to show to potential buyers are often the ones that sell for the best price. So, if you’d like to obtain the best price for your home, remember the 4Ps. With that, here are the homes that sold in the Rivertowns in January.
How is the Rockland County Rivertown Real Estate Market?
January 2018 YTD vs. January 2017 YTD - Single Family Homes
New Inventory (the number of homes coming on the market) increased 21.4% (17 YTD 2018 vs. 14 YTD 2017). There was a 14.3% decrease in the number of sales (6 YTD 2018 vs. 7 YTD 2017). The average sales price for homes that have sold decreased 14.3% to $1,063,688. The median sales price decreased 45.6% to $530,000. Overall, the average sales price for homes that have sold in Rockland County (inclusive of the rivertowns) was $477,554, up 0.6% over the same period last year. The median sales price in Rockland County (inclusive of the rivertowns) was $429,000, up 0.5% over the same period last year.
January 2018 YTD vs. January 2017 YTD - Condos/Co-ops
New inventory (the number of condos coming on the market) decreased 36.4% (7 YTD 2018 vs. 11 YTD 2017). There was an 33.3% increase in the number of sales (4 YTD 2018 vs. 3 YTD 2017). The average sales price of condos that have sold decreased 72.4% to $159,375. The median sales price decreased 73.3% to $157,250. Overall, the average sales price for condos that have sold in Rockland County (inclusive of the rivertowns) was $208,686, down 15.8% over the same period last year. The median sales price for condos and co-ops in Rockland County (inclusive of the rivertowns) was $189,000 down 26.7% 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.