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3rd Quarter Market Update, 2016

Posted on: October 17th, 2016 No Comments

We’ve just completed the 3rd Quarter of 2016 with residential real estate sales in Clinton County continuing at a healthy pace. Sales volume year to date is up 11%.

The number of homes sold in the county has also increased year to date to 450 from 394 in 2015. Essex and Franklin Counties have also had more completed sales with 215 in Essex up from 166, and 233 in Franklin up from 206 in 2015.

Inventory of homes, especially in the City of Plattsburgh, continues to be low. The average home sale price in this quarter was up 2.5% above the last quarter from $142,763 to $146,141. It appears to be an attractive market for sellers and with continued good weather, 2016 is likely to be a very positive year in North Country real estate.

 

ABOUT FESETTE REALTY

Fesette Realty has been the leader in residential and commercial sales, property management and leasing.  The firm has achieved the highest combined gross sales volume among all Clinton County brokerages for the past five years.

Please contact our office if you have questions about any of the information provided, and one of our sales associates would be happy to assist you.

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