How is the market? This is a frequently asked question these days.
Real Estate Market Reports provides you with a snapshot of the market at a given time period. On this site the report will be monthly.
Here is a list of information you will find on the report:
- Number of homes sold in the period
- Median and average price
- square footage
- Dollar per square foot
- Report will be broken down into categories, Active, New, Offer, Contract, Sold to give a full picture.
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Dutchess County Real Estate Market November 2011
There were 108 single family homes sold during November in Dutchess County NY, a 6.7 percent drop when compared to same time last year. There was also a significant drop in the average selling price, going from $368,151 in 2010 to $284,646 a 22.7 percent drop. The median selling price also fell 14.2 percent going from $277,000-$237,750.
Although the number of homes sold was only 7 less than last year the current dollar volume was down 31.7 percent which was an indication that more expensive homes were sold last year. There were also 60 less offers at the beginning of the month, a 34.5 percent drop.
Single Family Detached Homes Sales in Dutchess County in November 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| NOV 10 | $368,151 | $277,000 | 115 | 108 | 1927 | 16.76 | 174 |
| OCT 11 | $282,701 | 240,000 | 112 | 139 | 2104 | 18.79 | 134 |
| Nov 11 | $284,646 | $237,750 | 108 | 160 | 2037 | 18.86 | 114 |
In the condo townhouse market there was also a drop in the number of units sold, going from 27 to 18, a 33.3 percent drop. Both median and average price also fell. The purchase offer at the begining of the month was off by 58.3 percent going from 36 to 15.
Condos And Townhouses Report For November 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
|
NOV 10 |
$179,037 | 172,000 | 27 | 109 | 386 | 14.29 | 36 |
| OCT 11 | $234,123 | $235,000 | 25 | 133 | 428 | 17.12 | 19 |
| NOV 11 | $147,444 | $124,250 | 18 | 182 | 423 | 23.50 | 15 |
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Dutchess County NY Real Estate Market Report October 2011
Dutchess County NY Real Estate Market Report
During October 112 single family homes sold in Dutchess County, 7 more than same time last year. At the same time when compared to this September there were 33 less sales.
Both average and median selling price fell and for the first time in 9 years the median price fell below $250,000. Keep in mind this data only applies to properties listed on the Mid Hudson Multiple listing Services.
Single Family Detached Homes Sales in Dutchess County in October 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| OCT 10 | $322,023 | $259,900 | 105 | 133 | 2295 | 21.86 | 129 |
| SEPT 11 | $307,807 | $252,500 | 145 | 148 | 2143 | 14.78 | 125 |
| OCT 11 | $282,701 | $240,000 | 112 | 139 | 2104 | 18.79 | 134 |
Median dipped below $250,000 for the first time in the last 9 years
The Dutchess County single family attached homes saw a 56.3 percent increase in sales; going from 16 last October to 25 this year.
There was a 10.6 percent increase in the average price and 5.0 percent drop in the median price.
Condos And Townhouses Report For October 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
|
OCT 10 |
$222,378 | $212,500 | 16 | 165 | 451 | 28.19 | 19 |
| SEPT 11 | $170,847 | $155,000 | 27 | 163 | 435 | 16.11 | 31 |
| OCT 1 11 | $234,123 | $235,000 | 25 | 133 | 428 | 17.12 | 19 |
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Dutchess County NY Market Report for September 2011
Dutchess County real estate sales increased in September by 26.1 percent when compared to same time last year. This year there were 145 single family homes sold versus 115 last year. Because of the increase in sales the absorption rate dipped by 5.5 months.
The average price was up, but the median down from last year. Homes are staying on the market a few days longer than last year, and the inventory is down 8.3 percent which is a trend we all want to see. Most of the active listings during the month were priced under $300,000, and about 19 were over $1,000,000. The most expensive listing was from the Town of Northeast and priced at $5,700,000.
Single Family Detached Homes Sales in Dutchess County in September 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| SEPT 10 | $289,317 | $264,000 | 115 | 141 | 2338 | 20.33 | 139 |
| AUG 11 | $301,242 | $250,000 | 147 | 127 | 2216 | 15.07 | 139 |
| SEPT 11 | $307,807 | $252,500 | 145 | 148 | 2143 | 14.78 | 125 |
The Dutchess County Condo and Townhouse real estate market really heated up in September, there were 27 sales an increase of 125 percent over same time last year.
Both average and median price were down when compared to September 2010. These properties are staying on the market longer, the days on market went up by 50 days which is a 44.2 percent increase. Here too the inventory was slightly lower.
Condos And Townhouses Report For September 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| SEPT 10 | $202,978 | $184,000 | 12 | 113 | 446 | 37.16 | 24 |
| AUG 11 | $196,971 | $209,000 | 19 | 146 | 470 | 24.74 | 24 |
| SEPT 11 | $170,847 | $155,000 | 27 | 163 | 435 | 16.11 | 31 |
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Is the real estate market getting better in Dutchess County NY? You decide.
During August 2011 in Dutchess County NY 147 single family homes were sold according to data provided by the Multiple Listing Service. This was an increase over August 2010 of 12 sales and a slight increase in the average price was also noted. The days on market was also 3 less than last August.
Most of the available inventory is under $300,000, however, there was one property for $7,322,000 that comes with a farm house from 1890 and 418 acres.
Take a look at the graph below as it clearly shows how the Dutchess County real estate market average and median prices trended during the period from 2003-2011. The month of August both during 2010 and 2011 seems to be the lowest point.
Single Family Detached Homes Sales in Dutchess County in August 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| AUG 10 | $300,425 | $268,000 | 135 | 130 | 2297 | 17.01 | 130 |
| JULY 11 | $307,831 | $277,700 | 141 | 128 | 2201 | 15.61 | 156 |
| AUG 11 | $301,242 | $250,000 | 147 | 127 | 2216 | 15.07 | 139 |
Condos And Townhouses Report For August 2011
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| AUG 10 | $224,920 | $197,500 | 19 | 100 | 453 | 23.84 | 28 |
| JULY 11 | $214,593 | $222,000 | 27 | 130 | 461 | 17.07 | 20 |
| AUG 11 | $196,971 | $209,000 | 19 | 146 | 470 | 24.74 | 24 |
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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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There were 5 single family detached homes sold in Hyde Park NY during June 2011. When compared to the real estate market in Hyde Park in June 2010 there were 15 homes sold then. This downward trend was noted in the other market reports in Dutchess County, and this should not be a surprise since the county sales report showed sales went down 40 percent.
Homes for sale in Hyde Park during June ranged in price from $90,000-$3,950,000. The million dollar property offered over 6000 square feet.
The number of homes with offers, and in contract is a gauge for the upcoming months. During June only 4 homes had offers.
H
Hudson River seen from Norrie Point in the Town of Hyde Park
Below you will find the breakdown of the monthly activity.
Hyde Park Single Family Detached Homes
| Active | 31 | Offer | 3 |
| Average List | $359,561 | Average List | $241,300 |
| Average DOM | 24 | Average DOM | 94 |
| Average SQFT | 1985 | Average SQFT | 2173 |
| Average $/SQFT | $182 | Average $/SQFT | $111 |
| Offer CS | 1 | Sold | 5 |
| Average List | $179,000 | Average List | $205,740 |
| Average DOM | 130 | Average DOM | 100 |
| Average SQFT | 1490 | Average SQFT | 1812 |
| Average $/SQFT | $120 | Average $/SQFT | $114 |
| Average Sold | $194,213 | ||
| Average$/SQFT | $107 |
June 2011 Hyde Park real estate sales
| Address | Price |
| Old Route 9 Ext | $84,365 |
| Buttermilk Dr | $156,800 |
| Abbey Road | $200,000 |
| Hudson Drive | $249,900 |
| Butter Milk Drive | $280,000 |
Data for report obtained from Mid Hudson Multiple listing Services. Deemed reliable but not guaranteed
Copyright © by Jennifer Fivelsdal, all rights reserved- Hyde Park NY Real Estate Market Report For June 2011
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