Dutchess County NY Real Estate Market Update For May 2012

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242
http://actvra.in/DtV

Dutchess County NY Real Estate Market

During May 2012, 111 single family detached homes sold in Dutchess County NY Real Estate raspberriesMarket which was 13 more than same time last year. No change in the median price, however the average sale price fell 18.8 percent going from $337,452 last May to $309,591. Days on market fell by 3 day, and at the same time there was a 34 percent increase in the number of purchase offers, an indication of more market activity.
Speaking to some of the agents in the marketplace they are also noticing the uptick in the market.

Single Family Detached Homes Sales in Dutchess County in May 2012

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Month
May11
$337,452 $278,250  98  159  2026  20.67  141
Apr12 $344,390 $250,000  97  165  1834  18.90  158

May12

$309,591 $278,250 111  156  1907  17.18  189

 \

Dutchess County NY RE May 2012

In the single family attached market (Townhouses, Condos,Coops) 3 more homes sold this year than in May 2011. The average sale price fell by 5.3 percent, the median fell even further, going from $200,000 to $176,500 an 11.8 percent drop. Days on market increased 26.1 percent, 46 days more on the market when compared to same time last year. Inventory was down by 89 units when compared to May 2011; at the same time the purchase offers increased this year by 14.

Condos And Townhouses Report For  May 2012

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Mon

May11

$201,732 $200,000  25  180  462  18.48  23
Apr 12 $170,239 $155,000  25  193  382  15.28  26
May12
$191,108 $176,500  28  227  373  13.32  37

 Data attached homes

May Graph

 

 

Data for report compiled from the Mid Hudson Multiple Listing Services

**** Report does not include mobile home data

**** Absorption rate computed using actual sales data, not pending sales.

Report deemed reliable but not guaranteed.

If you are thinking of buying real estate this would be a good time to do so, that is, if you have the right circumstances. Why? low, low interest rates and price reduction on a good portion of the inventory. Please call or email me if you need assistance finding a

     Dutchess County homes

 homes4salebutton2 Amenia NY

 copyright © by Jennifer Fivelsdal, all rights reserved- Dutchess County NY Real Estate Market Update For May 2012

 

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Show All Comments
Rainmaker
588,157
Janis Borgueta
Key Properties of the Hudson Valley ~ 845-527-7115 - Newburgh, NY
LIC R.E Salesperson - Homes for Sale Newburgh NY

Jennifer... Nice presentation for your market report!! I need to get on this.. along with so many other things.. just not enough time in the day to learn it all.

Jul 02, 2012 06:59 PM #1
Ambassador
1,447,584
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Janis you are so right, just not enough time for all the bright idea ;)

Have a great week.

Jul 02, 2012 08:33 PM #2
Rainmaker
1,073,408
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jennifer, I love your reports as well, very detailed and great analysis. BTW is that a picture of a Raspberry bush?

Jul 02, 2012 10:22 PM #3
Rainmaker
1,633,118
Debbie Gartner
Floor Coverings International Westchester NY & Stamford CT - White Plains, NY
The Flooring Girl - Westchester hardwood flooring

I'm glad there is more activity in the market place as that is always a good sign and glad that June is looking even stronger.  It sounds like June was also a good month for here.

Jul 03, 2012 02:40 AM #4
Rainmaker
910,568
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Jennifer it looks like May was a great month for Dutchess County Real Estate! I hope the trend continues.

Jul 03, 2012 04:06 AM #5
Ambassador
1,472,189
Karen Kruschka
RE/MAX Real Estate Connections - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Jennifer  There is no shortage of information in your Dutchess County market report.  Buyers and sellers are fortunate to have a broker with your experience in the area

Jul 03, 2012 06:11 AM #6
Rainmaker
365,479
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Jennifer, a HIGH 5 to J FIVE for this outstanding market report.  I love your graphs!  They have just the right amount of information for your Dutchess County consumers and they are easy to read!  Well done!

Jul 03, 2012 06:55 AM #7
Rainmaker
707,224
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Jennifer, another great market reports keeping everyone informed and educated. Buyers and sellers would be wise to call Jennifer for their real estate needs. Happy July 4th. 

Jul 03, 2012 11:40 AM #8
Rainmaker
1,915,160
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Jennifer, Great market report. I just stopped by to wish you a good holiday.

Jul 03, 2012 03:15 PM #9
Rainmaker
217,417
Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty

It's good to see things are picking up, they seem to be improving here in Colorado Springs also.  Inventory levels are lower here as well.

Jul 03, 2012 07:29 PM #10
Rainmaker
1,484,423
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Jennifer, Looks like Duchess County is doing well and your market report has lots of information for buyers and sellers to learn from!

Jul 04, 2012 05:56 AM #11
Rainmaker
1,451,165
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jennifer, you have shown you are the market expert for Duchess County and lots of information for those buyers and sellers!

Jul 04, 2012 08:54 AM #12
Rainmaker
1,507,896
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert

I only see it getting better. :) Happy 4th!

Jul 04, 2012 05:27 PM #13
Ambassador
1,447,584
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Endre that is a Raspberry bush, lots of picking right now :)

Debbie yes June also saw an increase, report will be out shortly.

Bill yes we want to see that trend continues.

Jul 06, 2012 05:50 AM #14
Ambassador
1,447,584
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Karen I try to provide information consumers can use, as you well know preparing the reports   can be time consumer but well worth the time.

Bruce thank you.  I try to make the reports visually appealing and simple so that anyone can understand them.

Jul 06, 2012 05:54 AM #15
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Jennifer Fivelsdal

Mid Hudson Valley real estate connection
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