Current Market Conditions Cornwall NY
Update – April 30th 2014
Cornwall NY Real Estate Market Report
Cornwall NY housing market saw more homes enter the housing market in March. Every year spring brings increased activity to the housing market. I saw that happen in Cornwall NY. Right on schedule homeowners decided it was time to list their properties. New homes on the market increased from five new listings in February to fifteen new Cornwall homes in March.
Buyers looking to purchase in Cornwall NY now have more to choose from. The housing market, while still not a sellers market is seeing good activity and well priced homes are going under contract quickly.
These are the March updates for Cornwall NY. The report includes the Town of Cornwall as well as the Village. It is important when buying or selling to know what homes have transferred title in specific neighborhoods.
- There are 100 single family homes currently on the market (only 15 new listings for March
- The average list price is $362,200 (ranging from $64,900 to 949,900)
- There are 15 homes currently under contract
- In the month of March 2014 there were 3 homes that transferred title. The Sold Pricing on those homes were $112,000, $325,000 and $454,000.
- In the last twelve months there were 121 closed sales with an average sold price of $297,360 spending an average of 122 days on the market
- The Cornwall NY single family absorption rate is at a 9.9 month supply.
Our sold homes in March were few and therefore the statistics are relatively insignificant, and can’t really call it a trend. While we had only three sales this March, last March had only 5. As spring has launched a good number of homes to go to contract we expect that April will have some better numbers.
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.
Search Here for ALL Active Listings for Cornwall NY
Cornwall NY Real Estate Market Report | March 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.