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Real Estate Market Report in Dutchess County NY-March 2010

  

Real Estate Market Report in Dutchess County NY-March 2010

The market report in Dutchess County NY showed 92 single family detached homes sold during March 2010; a 13.6 percent increase over last year, and 14 more units than in February 2010 

In March the absorption rate which is the time it takes to work off the existing inventory dropped 3.18 indicating it will take 3 less months than in February to deplete the inventory a positive trend;  however  Dutchess County continues to be a buyer's market.

The median price also declined it was 7.1 percent less, coming in at $234,000 versus $252.000 last year.  This was not a big surprise since most of the sales occurred in the $200,000-$249,900 price range.

                          SINGLE FAMILY DETACHED SALES MARCH 2010

 

Year           Average Price Median Price # of Sales DOM

Inventory

Absorption    Rate Purchase offer Mar. 1
March 09 $290,916 $252,000 81 120 1713 21.15 131
Feb. 10 $297,415 $230,000 76 134 1681 22.11 119
March 10 $316,955 $234,000 92 148 1742 18.93 124

   

 In the townhouse/condo market there was a 66.7 increase in the number of units sold, going from 15 in February to 25 in March.  This jump also decrease the absorption rate by 9 months a significant jump but in this segment it too continues to be a buyer's market.

There was also a 5.2 percent drop in the median price going from $174,000 to $165,000.  The co-relation seems to be lower median price meant more units sold.

                SINGLE FAMILY ATTACHED SALES MARCH 2010

                                              (Condos & Townhouses)

 

Year Average Price Median Price # of Sales DOM

Inventory

Absorption    Rate Purchase offer Mar. 1
March 09 $189,397 $174,000 15 154 354 23.6 19
Feb 10 $190,199 $192,000 15 103 353 23.53 30
March 10 $183,176 $165,000 25 117 355 14.2 32

 

The Real Estate Market Report in Dutchess County NY for March 2010 clearly showed there were good  buying opportunities available to buyers.

Looking for a home in Dutchess County NY? start your search here.

Dutchess County Home SearchDutchess County NY map home search

Dutchess County is located in the Mid-Hudson Valley with a population between 292,000-296,000 and is just about 65 miles from New York City. You can get here by road or train.  The county is serviced by two Metro-North train lines.

Planning your summer vacation? consider Dutchess County NY there is so many interesting things to see and do.

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

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 Copyright © by Jennifer Fivelsdal, all rights reserved-Real Estate Market Report in Dutchess County NY-March 2010

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

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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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4 commentsJennifer Fivelsdal • April 13 2010 03:54PM

Comments

Great update for the Dutchess County NY area it is good to see how other markets are doing.

Posted by Pat Champion (Coldwell Banker Camelot Realty) over 4 years ago

Thanks for sharing your statistics for Dutchess County, New York with us. It is interesting to get to see them.

Posted by Team Honeycutt (Allen Tate) over 4 years ago

Jennifer that was a huge increase in sales, I hope that you continue to see that amount of increase each month for the rest of the year.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut) over 4 years ago

Jennifer,
It's good to show the real esate market in an area for buyers and sellers, keep the good work ! :)

Posted by Ray Saenz, Homes for Sale in Aurora, Colorado - Aurora, CO (United Property Brokers, Inc) over 4 years ago

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