Archive for the ‘Market Updates’ Category
Half of 2020 is officially behind us and what a turbulent year it has been. It is time to evaluate the market’s performance over the 1st half of the year, report on the current environment and predict what’s in store in the months to come. As we anticipated and due to the pandemic, real estate sales have decreased substantially for the 1st half of the year compared to 2019. Even though real estate was considered essential by NYS, restrictions were placed on the industry on March 20, 2020 that made it nearly impossible to make sales. On June 4, 2020 >>More
Clinton County 2019 was a solid year for real estate in Clinton County with overall sales volume up 2% over 2018. What’s more, sales volume in 2018 was stronger than normal with 12% growth over the previous year. The final total for residential sales was $101,110,195 with 627 homes sold. The average sales price of a home was up 4% to $161,260. The seller’s market we have experienced throughout all of 2019 is anticipated to continue due to low interest rates and low supply amid the continuous demands for housing in our area. Essex County In Essex County, 331 homes >>More
How’s the real estate market? Real estate sales in Clinton County have remained strong and are up 2.4% year-to-date over 2018. As we forecasted, homes that are priced competitively are selling quicker and for more money than they did a year ago; the average sale price is up over 5% — to almost $161,000 — year-to-date. While a slight cooling off of the market is normal as we head into the holiday season, the demand for homes in our area should continue as inventory remains low.
Now that half of 2019 is behind us, it’s time to take a closer look at current trends in our local real estate market. As we predicted at the beginning of the year, the market in Clinton County has been strong and steady. Real estate sales are up 7% this year over the same time period last year (Jan-Jun). Inventory remains low, and as a result, homes that are priced competitively are selling much faster than normal. We have also experienced an uptick in the number of homes receiving multiple offers. The average sale price year-to-date is 7% higher than this time in 2018, >>More
As was the case throughout 2018, home inventory has remained low during the first quarter of 2019. Homes that are for sale at market value are going under contract in a short period of time. Clinton County has seen a slight and steady increase in the average price of residential home sales, a trend that will most likely hold throughout the year. We anticipate that this seller’s market will continue for the foreseeable future, since the demand for homes in our area is exceeding the supply. Want more $$$ out of your real estate? We delivered our clients the highest average sale price in >>More
Here’s a recap of the local real estate market in 2018. The bottom line: now is THE TIME to sell, especially in Clinton County. Read on for more details. Clinton County 2018 was another successful year for real estate sales in Clinton County. The final total for residential sales was $98,228,00 (12% increase). A total of 632 homes were sold, an increase of 29 over 2017. Finally, the average sales price of a home in Clinton County was up 7% to $156,400. With houses continuing to sell more quickly and at a higher average sales price, we are still experiencing a seller’s market. >>More
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
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
Curious about market conditions in the North Country? Read on for 1st Quarter residential sales information for Clinton, Essex and Franklin Counties.