Orangeburg New York Real Estate Market Report For August 2009
Posted on 13. Sep, 2009 by Joshua Ferris in Blog, Market Reports, New York, Real Estate, Rockland County
Orangeburg is a small hamlet in the Town of Orangetown located in Rockland County New York. The hamlet is made up of a variety of different home styles with homes in the half million to multi-million mark being quite common.
Average Days on Market (Single Family Homes vs Condos)
The average number of days each home type (single family/condominium) has spent on the market saw a strong increase towards the middle of August. As of this writing there are no condominiums for sale in Orangeburg and about seven single family homes.
Orangeburg New York Median Price For August 2009
Despite the average days on market increasing for single family homes during August 2009, Orangeburg’s median price rose slightly. Orangeburg’s prime location will likely see this market through the rest of 2009 without any significant median price changes.
Inventory Levels For Orangeburg New York During August 2009
The last of the condominiums for sale in Orangeburg went off the market over the summer. Since there is only one condominium project in Orangeburg, Blue Hill Commons, the lack of inventory for that home type is not surprising. Single family homes saw a nominal decrease in inventory over the summer.
Search homes for sale in Orangeburg New York or call 1-888-218-8468 for more information about real estate in this neighborhood. You can also receive detailed market reports like the one above by email each week by signing up below!
Pearl River New York Real Estate Report For August 2009
Posted on 12. Sep, 2009 by Joshua Ferris in Blog, Market Reports, Real Estate, Real Estate Reports, Rockland County
Pearl River is one of the largest communities in Rockland County New York and is located within the Town of Orangetown. Most well known as the home of Wyeth and for its close proximity to the New York City metro area, Pearl River offers housing from one bedroom condos up to estate homes and everything in between.
Average Days on Market (Single Family Homes vs Condos)
Pearl River currently has 4 condominiums on the market and they’re seeing a strong increase in the number of days on market during August 2009. Because the statistic pool size is so small it’s hard to gauge exactly why the average days on market for this home type is rising so rapidly. Single family homes are seeing a stable, and lower than other local communities, average days on market of about 70 – 80 days.
Median Price in Pearl River New York For August 2009
Once again showing signs of stability, the median price of both single family and condominiums in Pearl River stayed consistent from the end of July 2009 through to early September 2009. First time buyers would be wise to consider the Pearl River market for a home given the stability of local home prices.
Home Inventory For Pearl River During August 2009
Single family home inventory in Pearl River is up slightly for August 2009 while condominiums saw a slight decrease in the number of homes for sale.
Search homes for sale in Pearl River or call call 1-888-218-8468 for more information about real estate in this neighborhood. You can also receive detailed market reports like the one above by email each week by signing up below!
Palisades New York Real Estate Report For August 2009
Posted on 11. Sep, 2009 by Joshua Ferris in Blog, Market Reports, Real Estate, Rockland County
Palisades is a tiny hamlet located in the Town of Orangetown New York. It’s one of the closest points in Rockland County to New York City, New Jersey and Westchester County. There are no condominiums in Palisades so our report for August 2009 will focus exclusively on single family home sales in the area.
Average Days on Market
Due in part to Palisades’ location and home styles the average days on market during August 2009 continued to rise sharply. Though the community is close to some of the most sought after work cities in the tri-state area, the price of Palisades homes makes it nearly impossible for many first time home buyers to purchase in the hamlet.
Median Price in Palisades New York For August 2009
Although the Palisades market appears to be appreciating at a rapid rate it is important to note there are only 12 homes for sale in the area which might skew the statistics for median price slightly.
Number of Homes For Sale in Palisades New York During August 2009
Again, because of the small number of homes for sale the Palisades area inventory appears to have dropped more heavily than it really has. To get a better idea of how the Palisades market fluctuates over the course of time check out the one year graph below:
Search homes for sale in Palisades New York or call 1-888-218-8468 for more information about real estate in this neighborhood. You can also receive detailed market reports like the one above by email each week by signing up below!
Nyack New York Real Estate Report For August 2009
Posted on 10. Sep, 2009 by Joshua Ferris in Blog, Market Reports, New York, Real Estate, Rockland County
Nyack is a Village within the Towns of Orangetown and Clarkstown in Rockland County New York. The Village is most well known for its live music at Memorial Park, popular nightlife and the Clermont condominiums which, in some parts, offer panoramic Hudson River views.
The following statistics are for August 2009 and compare single family homes to condominiums in Nyack:
Average Days on Market (Single Family Homes vs Condominiums)
Condominiums in Nyack have seen a major increase in the average days on market with a 30 day increase. Single family homes in the area bared a similar, but less significant bump up of about two weeks. This could be caused by the median price changes as shown below.
Median Price in Nyack For August 2009
The condominium market continues to hover around the low $400s mark which is most likely the reason for the dramatic increase in average days on market for that home style. There are smaller condominium communities in Nyack but the largest, by far, is The Clermont waterfront condos. The Clermont also commands some of the highest prices in Nyack of any home type.
Single family home prices trended downward by about $30,000 during August 2009 indicating the single family home market for Nyack will continue to see price declines in the foreseeable future.
Nyack New York Home Inventory For August 2009
Only a few homes sold in Nyack during August 2009 with both single family and condominium home styles posting a modest sales increase for the final month of the Summer home buying season. Given the higher price of the Nyack market it remains to be seen whether the looming $8,000 first time home buyer tax credit expiration will have an impact on home sales in the area.
Search homes for sale in Nyack or call 1-888-218-8468 to learn more about homes for sale in the area. You can also sign up to receive a weekly market report about Nyack like this one using the sign up area below:
August 2009 Piermont New York Real Estate Market Report
Posted on 09. Sep, 2009 by Joshua Ferris in Blog, Market Reports, New York, Real Estate, Rockland County
Piermont is a small river hamlet within the Town of Orangetown, NY. For the month of August 2009 I compiled the following market statistics:
Average Days on Market (Single Family vs Condos)
The condominium market has been under siege for some time now due to tighter lending standards and the higher average condo price in the Piermont area. Surprisingly Piermont’s single family homes are seeing a strong uptick in the average days on market while condominiums have maintained a relatively consistent average of 126 days on market.
Median Price in Piermont New York For August 2009
For home buyers who are afraid to enter the market the above chart indicates a stabilizing price trend for homes in the Piermont area. Worth noting is the rising median price of single family homes that seems to coincide with the rising average days on market for that home type. Condominium median price is up slightly.
Home Inventory in Piermont During August 2009
Although the average days on market has increased for single family homes alongside price in Piermont, the number of single family homes for sale in the area plunged significantly. Two condominiums came on the market during August 2009 providing a nominal increase to the small market’s inventory.
Search Piermont Homes For Sale or call us at 1-888-218-8468 to learn more about Piermont New York real estate. You can also subscribe to these market statistics by email using the sign up area below.