NY Housing Market Posts Sales and Price Gain in March . .

The New York State housing market posted both sales and selling price gains for the first time in 2009 during March, providing a strong signal to those buyers waiting for the market to “hit bottom” that they may well have already missed it.

March home sales jumped 14.1 percent in March compared to February, and the statewide median sales price rose 6 percent to reach its second highest level in the past 12 months, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.

“It is important to note that buyers who are waiting for the theoretical ‘bottom’ of the market have already missed it,” said Duncan R. MacKenzie, NYSAR chief executive officer. “Prices have been fairly stable for the past 12 months and are now expected to begin to climb slightly. The market typically gains momentum the spring and summer months.”
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ALL OF ROCKLAND COUNTY MARKET REPORT:
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Jan - June 2009 Market Update
(updated on July 30 2009)
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Click here: or on the Image to the left for the full
view of the most recent market activity.

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Nanuet Market Report

Jan - June 2009 Market Update
(updated on July 30 2009)x

Click here: or on the Image to the left for the full view of the most recent market activity.

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The Hamlets - All Properties For Sale in 2009

The Hamlets - All Properties SOLD in 2009

THE HAMLETS OF NANUET MARKET REPORT

Jan - June 2009 Market Update
(updated on July 30.09)

(You Tube video … coming soon )
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Stony Point Bi-Level 
Incredible value with separate building

$419,900: Stony Point Bi-level – Incredible value on prime home.. Raised Ranch – approx 2400 sq ft..4/5 bedrooms with home office. 3 full baths.  Totally renovated kitchen with granite countertops and stainless steel appliances.  Family friendly neighborhood close to park.  Unique bonus – barn with recreational room on upper level ( approx. 900 sq ft. with heat) and additional workshop/garage on lower level. (approx 900 sq.ft. with heat) and additional workshop/garage on lower level.  Comfort, convenience and safety (central air,vac,alarm). Fenced level prop.  x
Contact at 845-268-2842.

 

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ALL OF ROCKLAND COUNTY MARKET REPORT:
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Jan – May 2009 Market Update
(updated in Jun.09)
x
Click here: or on the Image to the left for the full
view of the most recent market activity.x

Nanuet Market Report

Jan – May 2009 Market Update
(updated in Jun.09)

*  A declining stock market which needs time to rebound from its losses
*  Retirement accounts dwindling
*  Skyrocketing unemployment ~ and more layoffs or job cuts this year.
*  Home prices and home sales have declined year after year since August 2004 and according to the National Association of Realtors, the greatest price decline since 1968.  This all translates to markets and consumers who are seeking safety.

We’ve all heard the news, both the bad and the good.  The negative news is outlined above, including how difficult it is secure mortgage money right now.  The more positive news is that truly, and historically, this is one of the best times in decades for anyone to purchase real estate.  Low mortgage rates, (the lowest in 50 years) tax incentives, and perhaps more on the horizon.  People everywhere are hoping that these efforts will serve to stabilize our housing market and help create that elusive CC.

If you are a frequent visitor to this site, you know that I continually harp on the importance of properly pricing your property so that it is positioned well in this incredibly competitive market.  You also know that we have been tracking inventory.  Declining inventory serves to stabilize home prices.  So … as usual, we will be watching the next three (3) to six (6) months closely.  It will take that amount of time to see if “the buyers are back”.