Dutchess County NY Real Estate Update July 2010
During July 2010 there were 89 single family homes sold in Dutchess County NY. This was a year over year decrease of 50 units since 139 sold in July 2009. This decrease was very noticeable since the units sold in the previous month were 205. 89 was the lowest number of units sold in July during the last 10 years.
It was also worth noting that the median price of $275,000 was the same as last year however there was an 11.5 percent jump in the average (mean) price, this was due to the fact that some higher priced homes sold. Here are the two highest priced homes sold in July.
- Rhinebeck NY home sold for $2,959,000
- Pine Plains NY home sold for $3,000,000
Because of the number of sales in June the absorption rate in June was down to 10.43 months but the decline in the number of units sold in July pushed it back up to 25.18 months.
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 SALES July 2010 DUTCHESS COUNTY NY
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| July 09 | $319,340 | $275,000 | 139 | 124 | 1989 | 14.30 | 159 |
| June 10 | $301,993 | $267,000 | 205 | 137 | 2140 | 10.43 | 156 |
| July 10 | $356,209 | $275,000 | 89 | 126 | 2241 | 25.18 | 122 |
The condo and townhouse market also saw a decline going from 35 in July 2009 down to 21 in July 2010.
SINGLE FAMILY ATTACHED SALES July 2010 DUCHESS COUNTY NY
CONDOS AND TOWNHOUSES
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| July 09 | $198,469 | $195,000 | 35 | 123 | 426 | 12.17 | 40 |
| Jun 10 | $176,670 | $153,750 | 39 | 118 | 400 | 10.25 | 35 |
| July 10 | $200,150 | $192,000 | 21 | 116 | 447 | 21.29 | 32 |
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 July 2010
***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
