Current Housing Market Conditions
Cornwall NY Housing Market Report – April 2014 Update
The housing market for Cornwall NY continues to move forward. New homes entering the market are up from the previous month, but with no major surprises. Spring is in the air, and so are buying out looking. New homes on the market increased from 15 to 20 new listings in April as sellers love to put their homes on the market when the weather is so perfect. Curb appeal is at its height with green grass and blue skies.
These are the April updates for Cornwall NY. While the numbers are up a bit from last month it will take more time to call it a trend. Cornwall is a small community and these numbers only tell a portion of the story. Knowing the specific neighborhoods is important. This is a great basic overview to give you an idea of what is happening now. The report includes the Town of Cornwall as well as the Village. Each neighborhood can vary greatly in expected listing prices and sales. Many homes in Cornwall have views of the river, which can add to the value of any home.
Updates for the Housing Market of single family homes:
- There are 105 single family homes currently on the market with 24 new listings for April
- The average list price is $353,662
- There are 20 homes currently under contract
- In the month of April 2014 there were 7 homes that transferred title. Two of the homes were new construction.
- The average sale price for April was $299,900 and spent 275 days on the market. The range was from $138,000 to $440,000.
- In the last twelve months there were 118 closed sales with an average sold price of $298,535 and ranged from $47,000 to $600,000. These homes spent an average of 126 days on the market
- The Cornwall NY single family absorption rate is at a 10.71 month supply. This is an increase over last month.
We could say that the number of houses sold in April doubled from last month, but with only 7 homes sold that does give a different impression than the real picture. In this small community taking a closer look at the details is helpful when getting a true idea of pricing and opportunities for buying a home. Housing values are constantly changing and understanding what information is important when buying and selling a home can be a daunting experience. Contact me for your FREE market analysis on your home. I can provide a more detailed look of your specific neighborhood. As your local Cornwall Real Estate Agent I can help you navigate through the process of buying or selling your home so you don’t have to.
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Cornwall NY Real Estate Market Report April 2014
Knowing what has sold in the past is helpful when either buying or selling a home. It gives you a better perspective of what prices you can expect when looking for a home, or selling one. If you are looking to purchase or sell a home in the Cornwall NY I would be happy to discuss your real estate needs and show you how I can help. I am your local real estate agent that is ready to guide you every step of the way.
Resources for additional information on Cornwall NY
Information Deemed Reliable but Not Guaranteed. published by: your real estate expert Janis Borgueta Key Properties of the Hudson Valley as a community service in Newburgh NY. To receive more real estate information please subscribe to this blog. Looking to buy a new home? Search the MLS for New Homes in Newburgh NY. You can contact Janis at (845)-527-7115 or find her on Google+ Statistics represent single family homes for sale in Newburgh NY (source GHVMLS ). Information is deemed reliable, but not guaranteed.