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Dutchess County NY Real Estate Update August 2010

Dutchess County NY Real Estate Update August 2010

Dutchess County Facts

Information obtained from US Census Bureau quick Facts.

 

During August  2010 there were 135 single family homes sold in Dutchess County NY.  This was a year over year decrease of 30 units since 165 sold in August 2009.  August sales however showed a big increase over July sales of 89 which was the lowest sales figure in that month over the last 10 years.

The median sale price in Dutchess County fell to $$268.000,  6.3% less that August 2009,  when the median was $285,900.  The average sale price also declined by10.8% going from $368,638 in 2009,  to $300,425 in 2020.

 The absorption rate in August 2009 was 12.13 months,  in August 2010 17.01 months.  However, because of the increase in sales in August 2010 the absorption rate was much better than July when it was 25.18

                               

SINGLE FAMILY DETACHED SALES August 2010 DUTCHESS COUNTY NY 

 

Year           Average Price Median Price # of Sales DOM

Inventory

Absorption    Rate Purchase offer 1st of Month
Aug 09 $336,638 $285,900 165 123 2003 12.13 156
July 10 $356,209 $275,000   89 126 2241 25.18 122
Aug 10 $300,425 $268,000  135 130 2297 17.01 130

 

The condo and townhouse market saw a 55.8% decline going from 43 sales in August 2009 to only 19 in August 2010, but saw 12.7% increase in the inventory.

The average  sale price increased slightly, while the median fell by 14.1% going from $223,514 in August 2009 to $197,500 in 2010.

 

                SINGLE FAMILY ATTACHED SALES August 2010 DUCHESS COUNTY NY

                                                          CONDOS AND TOWNHOUSES       

                                   

Year Average Price Median Price # of Sales DOM

Inventory

Absorption    Rate Purchase offer  1st of Month
Aug 09 $223,514 $230,000 43 104 402   9.34 41
July 10 $200,150 $192,000 21 116 447 21.29 32
Aug 10 $224,920 $197,500 19 100 453 23.84 28

 

***Data for report obtained from Mid-Hudson Multiple listing Services.  Deemed reliable but not guaranteed.

 

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com 

www.jfivehomes.com  or www.midhudsonhomevalue.com

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Copyright © by Jennifer Fivelsdal, all rights reserved-Dutchess County NY Real Estate Update August  2010

 

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5 commentsJennifer Fivelsdal • September 13 2010 11:12PM
Dutchess County NY Real Estate Update August 2010
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Dutchess County NY Real Estate Update August 2010 Information obtained from US Census Bureau quick Facts. During August 2010 there were 135 single family homes sold in Dutchess County NY This was a year over year decrease of 30 units… more