Quarterly Market Report

 

Good news! Our quarterly report indicates the market is as strong as it’s been since the height of the seller’s market ten years ago. The biggest story however in this quarter’s report is that inventory is way down across the region. So what’s going to happen in 2017? Short answer: Basic economics 101. High demand and limited supply drives prices up, which itself draws in more supply. Essentially, my prediction is that 2017 prices will be up a tick by the end of the year. And in 2018, we will have 2005 all over again: sales up, prices up, all good!

Why? Because of inventory. Once we get inventory levels below six months (i.e., we would sell out all our existing inventory in six months at our current rate of sales), we start to see real pressure on pricing. And we’re at or near that level pretty much across the NY region:

  • Westchester: 3.8 SF/2.6 Condos/4.5 Coops
  • Rockland: 4.9 SF/5.6 Condos
  • Orange: 6.4 SF/4.6 Condos
  • Putnam: 5.0 SF/3.7 Condos

That also means, of course, that we need listings!  If you’ve been thinking about selling your home, or know anyone who is, this is likely to be the most active spring market that we’ve had in years. Contact me at 845-480-2366 for a no obligation discussion.

Rockland County Real Estate Market Report

 

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2017 Rockland Real Estate Predictions

Good news! Our quarterly report indicates the market is as strong as it’s been since the height of the seller’s market ten years ago. The biggest story however in this quarter’s report is that inventory is way down across the region. So what’s going to happen in 2017? Short answer: Basic economics 101. High demand and limited supply drives prices up, which itself draws in more supply. Essentially, my prediction is that 2017 prices will be up a tick by the end of the year. And in 2018, we will have 2005 all over again: sales up, prices up, all good!

Why? Because of inventory. Once we get inventory levels below six months (i.e., we would sell out all our existing inventory in six months at our current rate of sales), we start to see real pressure on pricing. And we’re at or near that level pretty much across the NY region:

  • Westchester: 3.8 SF/2.6 Condos/4.5 Coops
  • Rockland: 4.9 SF/5.6 Condos
  • Orange: 6.4 SF/4.6 Condos
  • Putnam: 5.0 SF/3.7 Condos

That also means, of course, that we need listings!  If you’ve been thinking about selling your home, or know anyone who is, this is likely to be the most active spring market that we’ve had in years. Contact me at 845-480-2366 for a no obligation discussion.

BETTER HOMES AND GARDENS RAND REALTY QUARTERLY MARKET REPORT:
Rockland County and Hudson Valley Quarterly Real Estate Report

 

4 Highland Place West Nyack Mother Daughter Home for Sale

Rockland County Real Estate Mother Daughter Home Listing. Contact Listing Agent Mike Truiano at 845-480-2366 for immediate info and appointments.

Perfect Mother/Daughter set up. Affordability in Clarkstown South. Over 2200 square feet including finished lower level. . This 5 bedroom homes features large eat in kitchen, spacious living room, gleaming hardwood floors and cedar closet. Freshly painted and newer windows. Private road, dead end street and low taxes. Lower level features separate entrance, second kitchen, laundry room and 2 bedrooms. Perfect for extended families. Moments away from Palisades Mall. 40 Minutes to NYC. Money Magazine Ranks Clarkstown #7 on the Top 50 Places to Live.

Rockland County Mother Daughter Listing

 

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Greatschools.org rates Clarkstown High School with 9/10 rating. 

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Click here to view all Current Mother Daughter Homes for sale in Rockland County NY.

Should I move to Rockland County, NY?

Thinking of moving to Rockland County, NY? Check out these articles from the NY Daily News and our local Rockland Journal News. If you are looking for award winning school districts, easy access and public transportation into NYC, plus lots of parks, amenities and shopping then start your new home search in Rockland County.

http://www.nydailynews.com/content-studio/move-rockland-county-article-1.2810173

http://www.lohud.com/story/money/real-estate/homes/2016/11/11/leaving-city-suburbas/91337024/

And while you are here, take a look at our Winter events guide. There will be much to enjoy throughout our local communities. This Winter Events Guide features many locations where you can enjoy sledding, snowboarding, skiing, and snow tubing. Winter is a festive time of year when you can create lasting memories with your family and friends, so take advantage of everything the community has to offer.

rockland-county-winter-events-guide

Rand Realty’s 1st Quarter Market Report for Hudson Valley

 

Rockland County real estate 1st gtr market report

Better Homes and Gardens Rand Realty is proud to present these Local Market Reports. The Local Market Reports are designed to give you a deeper understanding of what’s happening throughout your county — how is the sales activity, are prices changing, how quickly are homes selling, and how negotiable are sellers from their last listing price? When we’re looking at the countywide data, we are generally dealing with a sample size of hundreds of sales.

The Rockland County housing market started the year strong, with increases in both sales and prices that are now reaching levels we have not seen in over 10 years at the tail end of the last seller’s market.

SALES. Rockland sales were up again, rising over 16% from last year’s first quarter and now up over 20% for the rolling year. We’ve now seen sustained rates of growth for almost four years, with transactions up for the last six quarters and 14 out of the last 15. Indeed, sales totals are now approaching “seller market levels,” with the 1,880 rolling year sales the highest total in over 10 years.

PRICES. This sustained increase in buyer demand is having its expected impact on pricing, with prices up almost 3% on average and almost 2% in the price-per-square foot, but falling a tick at the median. For the year, the results are more uniform, with prices up about 3% across the board. After the sharp decline following the financial crisis in 2008, and then a few years of bouncing around the bottom, Rockland prices are now starting their fourth year of modest but meaningful appreciation. They still have a way to go before they gain back the losses suffered after the financial crisis of 2008, but they’re trending in a positive direction.

NEGOTIABILITY. The negotiability indicators showed that sellers are gaining a bit more leverage with buyers. We saw another dramatic decline in the number of homes for sale, for example, with the months of inventory falling over 21% and now reaching the six-month level that usually delineates a “seller’s market.” Similarly, the listing retention rate rose above 96% for the first time since 2006, and the days on market continued to fall. All together, a declining inventory, with homes selling more quickly and for closer to the asking price, tells us that we’re moving into a strong seller’s market.

CONDOS. The condo market in Rockland continues to struggle. Sales were up, but not as sharply as with single-family homes. And prices were down slightly, indicating that buyer demand in the market is not pushing appreciation. With condo inventory actually rising a bit, we’re not likely to see any meaningful price appreciation in this entry level market anytime soon. Going forward, we expect a robust spring market that will continue to drive prices and sales upward. With prices still at attractive levels, interest rates low, and the economy generally strengthening, we believe that Rockland will have its best year since the height of the seller’s market.

Betsy Ross Estates – Orangeburg, NY homes for sale

Welcome to Betsy Ross Estates. This subdivision located in Orangetown NY, features a “Madison Style” Bi-level. This large two floor home style is known for its dual stair case upon entering into the grand foyer. The homes in Betsy Ross estates also showcase a 2 car garage, 4 spacious bedrooms, a master bedroom with 2 walk in closets and a living room on its own level.

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Dual staircase in Madison Style Bilevel

Betsy Ross estates is located in Orangeburg, near the Celtic soccer fields and Veteran’s Park. (40-acre park offers ball fields, soccer fields, batting cages, tennis and basketball courts, a roller hockey rink and two fishing ponds.) Residents of Orangetown also benefit from free golfing privileges at the Blue Hill Golf Course.  (27-hole municipal golf course)

Betsy Ross Street Names: Betsy Ross Drive, Rutgers Road, Fort Lee Place, Bunker Hill Road, Brandywine Drive, Minuteman Circle and Monmouth Court.

Betsy Ross Estates Rockland County NY Real Estate

Located just off exit 6 from the Palisades Parkway. Easy access to NY State Thruway. Near NJ Border. (Bergan County)

Residents of Betsy Ross Estates attend the Pearl River school district.

park near gateway estates orangeburg houses for sale

All active home listing in the Pearl River school district.

 

Click here to view all active homes for sale in Orangeburg.

 

Sales Prices in Betsy Ross Estates
Betsy Ross Estates Rockland County NY real estate Orangeburg

Ryan Mansion Vistas – age 55 and older Rockland County condos

View all active Ryan Mansion condos for sale Ryan Mansion Suffern age 55 older rockland county condos

20-home Luxury retirement community to accommodate variousRockland County NY real estate listing search mature lifestyles. The Ryan Mansion community is located in prestigious Montebello. This spacious, one floor living, will take your breath away with its size, quality and views. Elegant foyer entry is open to a magnificent, huge floor plan that includes an over sized formal dining room, gorgeous gourmet kitchen with high end custom cabinetry. Living/Family room with double sliders to deck with views of sunset and lush Ramapo Mountain. Cozy up around the custom fireplace and enjoy the views at the same time. Master suite has the same stunning views of Ramapo Mountain and the sunset. Also offers his and her walk in closets with custom shelving, dressing area, beautiful master bath with whirlpool tub and tiled over sized shower. Lower level is a walk out that is equipped with elevator making it easy to enjoy one floor living. Features a large family room, full bath and closets galore. Could also be used as a guest suite or den/office. All custom. Each home will have an oversized two-car garage as well as a large storage room.

MODELS: A. The Livingston: Interior Units. The Washington: End Units

Monthly Common  Charges: Apx $325.

Search All Suffern Condo Listings

 

Return to  All Rockland County Age 55 and older condos
Rockland County age 55 and older condos