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!
Fall 2008 Harbors at Haverstraw Real Estate Report
Posted on 23. Sep, 2008 by Joshua Ferris in Home Buying Guide, Home Selling Guide, Real Estate Reports, Rockland County
The Harbors at Haverstraw is a community of condominiums and townhouses along the Hudson River in the Town of Haverstraw, New York. Community amenities include commuter ferry access to downtown Manhattan, a clubhouse with pool, fitness center, spa, basketball court, cafe and a walkway along the Hudson River.
Harbors at Haverstraw
Below are the sale and rental statistics for Harbors at Haverstraw for the summer months of 2008 (June, July, August). The active listings have no limitation on when they were listed by so the June, July, August report dates do not apply to the initial listing date of active listings below.
If you have any questions about the statistics below, please feel free to leave a comment or call me at 1-888-218-8468.
Rental Statistics:
Number of Active Rentals: 6
Average Active List Rental Price: $2,283 per month
Average Leased Rental List Price: $2,325 per month
Average Actual Leased Rental Price: $2,250 per month
For Sale Statistics:
Number of Active Homes For Sale: 19
Number of Homes Under Contract: 5
Average Active List Price: $512,558
List Price High: $760,000
List Price Low: $259,999
Sold Statistics:
Number of Sold Homes: 6
Average Sold Home List Price: $455,217
Average Sold Home Selling Price: $419,121
Expired Statistics:
Number of Expired Listings: 2
Average Expired List Price: $409,499
Expired List Price High: $429,999
Expired List Price Low: $389,900
Above data gathered using the GHVMLS and is deemed accurate but not guaranteed.
For more information, including a photo gallery, on The Harbors at Haverstraw check out our recent Harbors at Haverstraw post.
September 2008 Real Estate Report for Orange and Rockland County New York
Posted on 12. Sep, 2008 by Joshua Ferris in Home Buying Guide, Home Selling Guide, Orange County, Real Estate Reports, Rockland County
The Orange County Association of REALTORs (OCAR) released their September 2008 real estate report (based on August 2008 data) for Orange and Rockland County New York today and sales are higher than July 2008 but 30% lower than they were in August 2007.
August Residential Home Sales (2007 to 2008)
Orange County New York – 30% Lower
Rockland County New York – 17% Lower
Pricing in Orange County declined slightly, 4% lower than in August 2007 while Rockland County pricing declined by 8%. The sale price of Orange County condominiums and townhouses increased 5% as the number of sales slid in both Orange and Rockland County by a staggering 47%. Rockland County condominium prices dropped 7%.
We are headed into the fall season which typically leads into the slowest time of the year for the real estate industry: winter. That being said, we are also entering “deal season” and the absolute best time of the year to buy a new home as builders face their fourth quarter earnings report in the coming months. To learn more about home buying incentives, check out our top seven new home buying incentives.
Should you buy or sell right now?
My advice from August 2008 stands:
This is a loaded question but the short of it is that you should buy or sell if your lifestyle and living situation call for it. It’s still true that you make the most money on your home when you purchase it and not when you sell so the market is ripe with great buying deals but you might have to let your current house go at or slightly below market value.
I assisted a client in the purchase of a new home and sale of his current home recently and by pricing the home right, combined with my marketing plan, we had an accepted offer at full price within 3 days of going on the market.
The current market is less than ideal for home budget stretchers and investors looking to flip properties so if you fit this segment I would hold off until this winter.
For the full report including charts and statistics, please click here to download the PDF file. As always, comments are welcome and I look forward to hearing what you all think of the current market.
If you enjoyed this post, get free updates by email or RSS.
August 2008 Real Estate Report for Orange/Rockland County New York
Posted on 24. Aug, 2008 by Joshua Ferris in Home Buying Guide, Home Selling Guide, Orange County, Real Estate Reports, Rockland County
The Orange County Association of REALTORs (OCAR) recently released their August 2008 real estate report for Orange and Rockland County New York. Although there isn’t anything terribly surprising in the report when compared to the national real estate market it is worth highlighting a few details:
YTD Residential Sales (2007 to 2008)
Orange County New York – 32% Lower
Rockland County New York – 31% Lower
Sales of condominiums were down significantly this year with a 39% drop in sales in Orange County and 33% drop in Rockland County as compared to July 2007.
Interestingly enough, the asking prices of homes in Orange County increased 2% versus 2007 and dropped 6% in Rockland County.
Although OCAR seems convinced that the market will rebound in 2009 I think there is a much greater chance of seeing improvements in 2010. There are still too many uncertainties in the credit market and with deathwatches being announced for mortgage biz heavyweights Fannie Mae and Freddie Mac along side of current local data I would say 2009 is a tad optimistic.
Should you buy or sell right now?
This is a loaded question but the short of it is that you should buy or sell if your lifestyle and living situation call for it. It’s still true that you make the most money on your home when you purchase it and not when you sell so the market is ripe with great buying deals but you might have to let your current house go at or slightly below market value.
I assisted a client in the purchase of a new home and sale of his current home recently and by pricing the home right, combined with my marketing plan, we had an accepted offer at full price within 3 days of going on the market.
The current market is less than ideal for home budget stretchers and investors looking to flip properties so if you fit this segment I would hold off until this winter.
For the full report including charts and statistics, please click here to download the PDF file. As always, comments are welcome and I look forward to hearing what you all think of the current market.
If you enjoyed this post, get free updates by email or RSS.
Rental Report for Monroe New York – May 2008
Posted on 26. Jun, 2008 by Joshua Ferris in Home Buying Guide, Home Selling Guide, Landlord Guide, Orange County, Real Estate Reports, Renter Guide
Monroe is a suburban community of Orange County New York, about 46 miles outside of New York City. With excellent commuter transit options, simple highway access to Westchester County and Northern New Jersey and world famous shopping, Monroe offers an ideal blend of convenience and comfort. The Capitol Region is about 2 hours away by car while Westchester is around 45 minutes and New York City is about an hour drive, depending on traffic.
The Monroe New York rental market has been heating up over the past few months as prospective home buyers look to renting in the area as a way to experience living in the suburbs without the long term commitment of home ownership. There are a variety of rentals to choose from too including month to month, 6 month, 12+ month and lease with option to purchase rentals.
Something to also consider when renting in the Monroe area is the style of home you would like to rent. Monroe is very diverse in its offering with lakefront rentals, townhouses and single family homes to name a few. You might even be surprised to know that the monthly rent for a lakefront home is similar to what you would pay to rent a single family home or townhouse in a gated community.
Without further ado, here are the rental statistics for May 2008, based on April 2008 data.
Number of Active Rentals: 18
Average Active Rental Price: $1,902 per month
Average Leased Rental Price: $1,659/month
Average Leased Rental List Price: $1,684/month
Above data gathered using the GHVMLS and is deemed accurate but not guaranteed.
For more information on renting in Monroe New York please feel free to leave a comment or call me toll free at 1-888-218-8468.