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Archive for the ‘Market Updates’ Category

How’s the market? Q2 2019 Update

Posted on: July 29th, 2019 No Comments

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

How’s the market? Q1 2019 Update

Posted on: May 6th, 2019 No Comments

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

2018 Real Estate Market Update

Posted on: February 11th, 2019

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

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