Dutchess County Single Family Detached homes sold July 2011
During July the Dutchess County Real Estate Market had a big improvement over July 2010. 52 more homes sold this year.
What happened in July 2010? Consumers made use of the tax credit earlier in the year so by July the sales dipped. Last June sales were 82 more than this June, an indication of the impact of the tax credit. Then things changed and July 2010 had the lowest recorded sales in a 10 year period for single family detached homes in July.
The median selling price in Dutchess NY in July was only $2500 more than last year coming in at $277,500 which is actually $25,000 higher than the year to date selling price. This is because February through April the median price was below $250,000 and just around $250,000 in June.
Sales in Dutchess County NY During July Over A Ten Year Period
July 2001 average sale price $215,540 Median $190,000 units sold 205
July 2002 average sale price $259,214 Median $244,000 units sold 216
July 2003 average sale price $306,452 Median $306,452 units sold 216
July 2004 average sale price $378,673 Median $305,000 units sold 224
July 2005 average sale price $402,605 Median $340,000 units sold 228
July 2006 average sale price $426,652 Median $367,000 units sold 209
July 2007 average sale price $431,367 Median $332,000 units sold 176
July 2008 average sale price $361,076 Median $299,000 units sold 158
July 2009 average sale price $319,340 Median $275,000 units sold 139
July 2010 average sale price $356,209 Median $275,000 units sold 89
Single Family Detached Homes Sales in Dutchess County in July 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| JULY 10 | $356,209 | $275,000 | 89 | 126 | 2241 | 25.18 | 122 |
| JUNE 11 | $325,509 | $250,000 | 123 | 157 | 2168 | 17.63 | 148 |
| JULY 11 | $307,831 | $277,500 | 141 | 128 | 2201 | 15.61 | 156 |
In the single family attached market, there were 6 more sales this July when compared to same time last year. The number which stood out was that of the median selling price, it was up 44.4 percent going from $153,750 in July 2010 to $222,000 this July.
Condos And Townhouses Report For JULY 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| JULY 10 | $200,150 | $153,750 | 21 | 116 | 447 | 21.29 | 32 |
| JUNE 11 | $176,654 | $177,000 | 25 | 161 | 473 | 18.92 | 20 |
| JULY 11 | $214,593 | $222,000 | 27 | 130 | 461 | 17.07 | 20 |
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Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
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