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Two hundred thirty one Rockland homes sell
Rockand County's real estate market is right on track with last year's first quarter numbers. For the first quarter, there were 231 single family home sales, compared with 234 homes sold in the first quarter last year.
Here's how the numbers compare with the previous years:
2006 - First quarter = 325 homes sold
2007 - First quarter = 333 homes sold
2008 - First quarter = 216 homes sold
2009 - First quarter = 191 homes sold
2010 - First quarter = 211 homes sold
2011 - First quarter = 234 homes sold
2012 - First quarter = 231 homes sold
As for the condo market, the numbers have improved: there were 92 condo sales in the first quarter this year, compared with only 76 condo sales last year:
2006 - First quarter = 136 condo sales
2007 - First quarter = 136 condo sales (same as year before)
2008 - First quarter = 106 condo sales
2009 - First quarter = 74 condo sales
2010 - First quarter = 97 condo sales
2011 - First quarter = 76 condo sales
2012 - First quarter = 92 condo sales
Here is how the prices breakdown for this year's first quarter single family home sales:
Sale Price / # of homes sold
> $2,000,000 = 2
$1,000,000-$2,000,000 = 2
$900,000-$1,000,000 = 0
$800,000-$900,000 = 3
$700,000-$800,000 = 4
$600,000-$700,000 = 10
$500,000-$600,000 = 15
$400,000-$500,000 = 53
$300,000-$400,000 = 74
$200,000-$300,000 = 45
$100,000-$200,000 = 18
< $100,000 = 1
As you can see, the majority of homes are selling in the $200,000 - $500,000 range, with the sweet spot being the $300,000-$400,000 range.
Over the past few weeks, the local inventory expanded with 31 new listings. These properties include 10 condos and 21 single family homes. The homes range from a cozy ranch at 409 Maple Ave in Upper Nyack for $330,000 to a beautiful 1880 Victorian home at 850 Piermont Ave in Piermont listed at $1,499,000.
As for pending sales, over the past few weeks the area had 23 properties go under contract (19 homes and 4 condos). And on the title transfer side, the local market had 14 closings (9 homes, 4 condos, 1 commercial).
I would say that the Spring market is cruising right along.
CELEBRATING MY 23rd YEAR IN REAL ESTATE….For the past two decades I have had the pleasure and privilege of living and working in the Nyacks as a full time real estate Broker Associate, assisting buy....
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