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Dutchess County NY Real Estate Market Report - December 2009

This is the final report for Dutchess County real estate in 2009.  In this report I will provide you with the statistics for December but will then take you through a period of 5 years to show you how the market  performed.

 During the month of December '09 there were 144 single family detached homes sold- a 61.8% increase over same time last year.  Interestly, the average price was up 18.4% over last year which is an indication more higher priced properties sold. The median price, on the other hand, fell 5.4 % when compared to last year. As you can see from the chart below, the median price has continued to fall since 2006. Available inventory was also down 6.1%.  Absorption rate is 12.76 months; so there is a whole year of inventory available.

                                        SINGLE FAMILY DETACHED HOMES                 

                            AVG.                Median          # of Sales      DOM        Inventory

December 08     $294,005         $280,000             89              126             1957

November 09     $294,228         $255,000           153              108             1927

December 09     $347,997         $315,396           144              132             1838

 

                             AVG.                Median          # of Sales      DOM        Inventory

December 07     $402.267         $310,000            149             114            2118

December 06     $412,119         $349,900            175             115            1939

December 05    $383,022          $342,500            208              96             1675

Dutchess County Real estate Dec 09

 

                               SINGLE FAMILY ATTACHED- CONDOS/TOWNHOUSES  

 Single family attached home sales increased 21.9% over last year, same time.  Average price was down 12.5% but the median was up 3.3%.  Interestingly, the inventory level was up 55.7%.  The absorption rate for December was  8.46 months.         

                            AVG.                Median          # of Sales      DOM        Inventory

December 08     $209,566        $210,000            27             147            362

November 09     $179,037        $172,000            27             109            386

December 09     $188,403        $179,000            26             119            392

 

                             AVG.                Median        # of Sales      DOM        Inventory

December 07     $243,338         $205,000           20             116           356

December 06     $231,112        $225,000            39             103           330

December 05    $242,384         $218,000            32               80           212

 

Dutchess County single family attached homes

Dutchess County is a great place to call home, and right now you have a variety of properties in all price ranges.

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com  and www.jfivehomes.com  

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  162 Deer Run Road, Red Hook NY 12571| 845-758-6842

  Jennifer Fivelsdal  |   Real Estate Broker  |  jennifer@jfivehomes.com  www.jfivehomes.com  or  www.midhudsonhomevalue.com

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14 commentsJennifer Fivelsdal • January 17 2010 08:29PM
Dutchess County NY Real Estate Market Report - December 2009
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This is the final report for Dutchess County real estate in 2009. In this report I will provide you with the statistics for December but will then take you through a period of 5 years to show you how the market performed. During the month of… more