Clarkstown, NY 1st Quarter Real Estate Sales & Market Statistics

J Philip Faranda March 23, 2009

Clarktown is a sought-after town in Rockland that comprises New City, Congers and some other small hamlets. I have 2 listings in Congers, which could be considered unusual for a Westchester-based agent. However, my clients understand that I am where the most likely buyer is going to come from. Rockland has always been an attractive alternative for Westchester residents seeking lower prices.

These statistics are taken from the Greater Hudson Valley Multiple Listing Service. Since we still have 9 more days in the first quarter of 2009 I cut off the data at March 22 of each year.

 

Year # Sales Med Price Avg Price
2008    28 $532,500 $580,338
2009    29 $435,000 $475,276

 

The number of transactions is higher, but the sales prices are down by about $100,000 no matter what metric you use.

The most dramatic price decline is among 4 bedroom homes:

 

Year # Sales Med Price Avg Price
2008 22 $595,000 $621,213
2009 21 $515,000 $495,932

 

The average sales price for a home a year later is a whopping $125,000 lower. Are there still buyers? Absolutely. But what they are buying, and how much they are willing to pay, are both shrinking. If you are in Congers, New City or anywhere else in Rockland and you want to sell this Spring, this is valuable information.

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  J. Philip Real Estate

You can search the MLS like an agent at http://jphilip.listingbook.com.

J. Philip Faranda ranks among New York’s premier short sale REALTORS specializing in short sales in Westchester, Rockland, Putnam & Dutchess Counties. www.NYShortSaleTeam.com. Read Phil’s short sale blog at http://NewYorkShortSaleBlog.wordpress.com.

J. Philip Serves Briarcliff Manor, Ossining, Croton on Hudson, Pleasantville, Sleepy Hollow, White Plains, Yonkers, Peekskill, Cortlandt, Tarrytown, Yorktown, Montrose, Hawthorne, Thornwood, Valhalla, Hartsdale & all of Westchester County, New York.

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