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Archive for the ‘Market Updates’ Category

3rd Quarter Market Update, 2018

Posted on: November 1st, 2018 No Comments

Clinton County We’ve reached the end of 3Q2018, and residential real estate sales volume in Clinton County has seen a 25.5% increase vs 3Q2017. YTD 2018 sales volume increased 8.5% over 2017. We believe the rising interest rate environment is motivating buyers to act as they recognize the cost savings that naturally occur with a lower interest rate. Single family home inventory has been generally stable year over year. 204 homes were sold in 3Q2018 compared to 179 in 3Q2017, a 14% increase. This quarter has also moved other year-to-date indicators positive: the average home price is up 4% to $152,719, and >>More


2nd Quarter Market Update, 2018

Posted on: July 23rd, 2018 No Comments

At the half year mark for 2018, the residential real estate sales volume in Clinton County is stable with this same time period in 2017. Sales of single family homes, condos and townhouses were $36,805,000; compared to $38,231,000 in 2017 at the midpoint. 252 homes were sold vs. 259 in 2017, and the average house price was $146,052 this year vs. $147,611 at the same time last year. In Essex County, year-to-date residential real estate sales are $47,658,000 vs $43,294,000 in 2017. More homes were sold–156 vs. 147 units–with the average sales price at $305,500 vs. $294,514 in 2017 at the midpoint of the year. In Franklin County residential sales >>More


1st Quarter Market Update, 2018

Posted on: May 3rd, 2018 No Comments

Curious about market conditions in the North Country? Read on for 1st Quarter residential sales information for Clinton, Essex and Franklin Counties.


2017 Real Estate Market Update

Posted on: January 22nd, 2018 No Comments

As we look forward to another active year in real estate, we would like to offer you a brief summary of the real estate market in 2017.  Residential homes sales in our three county region—Clinton, Essex and Franklin—were consistent with 2016 sales, up just 1.5%, with the total number of homes sold in this past year at 1,280 compared to 1,259. Clinton County Reviewing the numbers by county, home sales in Clinton County for the year were close to 2016 results, only 4.3% lower at $87.4MM vs. $91.3MM in 2016.  The average price of homes sold was down slightly (2.7%) >>More


3rd Quarter Market Update, 2017

Posted on: October 25th, 2017 No Comments

As the real estate market finished its 3rd quarter of 2017, residential sales in Clinton County were down 7.5% this quarter from the same time last year. The number of homes sold was down 7.3% at 179 vs 193.  A lack of home inventory may continue to be a factor.  Year to date, however, with 438 homes sold vs. 452 last year, Clinton County residential sales dollars are only 1.2% lower than 2016 at $64,317,745 vs $65,077,980. There has been a 2% increase in the average sale price in 2017 year to date from last year at $146,844 vs. $143,978. >>More


2nd Quarter Market Update, 2017

Posted on: July 24th, 2017 No Comments

Clinton County Real estate sales in Clinton County had been off to a slow start in 2017, but in the 2nd quarter, total residential sales were up 17.6% to $24,257,057 from the same quarter in 2016.  The number of homes sold was 157 in this quarter, compared to 138 in the same quarter last year.   The average sale price for a home was $154,504, compared to $149,423 in same quarter last year.   With these numbers, the 2017 year-to-date sales are up 2.9% over last year at $37,911,197 with only one additional home sold this year, 259 vs. 258.  It will >>More


1st Quarter Market Update, 2017

Posted on: April 20th, 2017 No Comments

Real estate sales in Clinton County in the first quarter of 2017 were lower than the records set in 2016, but more in line with figures from 2015. While early 2016 was an extremely mild winter and home sales were strong, this year saw a blizzard and other bad weather that likely contributed to lower sales. Sales were at $13.6 million – down 15.8% from 2016 – but higher than the $11.4 million first quarter sales volume in 2015. The lack of new inventory may also have had a marginal effect on the market during the first quarter. In Essex >>More


2016 Real Estate Market Update

Posted on: January 26th, 2017 No Comments

At the beginning of the New Year, we like to offer you a brief summary of the real estate market results for the previous 12 months. 2016 proved to be another successful year in residential real estate in the North Country (Clinton, Essex, and Franklin Counties) with dollar sales for residential properties up by 9% from 2015 to $238MM. The total number of houses sold in the 3 counties was also up 14.2% to 1254. More specific information by county is listed below. Clinton County Clinton County residential sales in 2016 were $91,278,231, up 12.6% from 2015, with the number >>More


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 >>More


2nd Quarter Market Update, 2016

Posted on: July 26th, 2016 No Comments

2016 continues to be a strong year for real estate sales in the North Country. At the half year mark, sales volume in Clinton County was up 31% over last year at the same time. Most of the increase (24%) occurred in the first Quarter, when a mild winter and early spring encouraged home buying activity. With the rise in sales volume came an increase in the number of homes sold year to date. By the end of June, 258 home had been sold in Clinton County, compared to 198 in 2015. Essex had 129 completed home transactions compared to >>More