2016 Year End Housing Sales for Putnam County, NY

Your 2016 Comprehensive Real Estate Market Analysis for Putnam County, NY Home Sales

Just how well did Putnam County, NY home sales do?

Putnam County, NY Housing Market

Putnam County, NY saw some great movement in the housing market. Single family home sales were up over 20% this year. This is consistent with an upward trend over the last three years of homes sales for the county. Housing prices remain consistent over the last few years. Inching their way up, homes in good condition and well taken care of are making progress. Older homes that are either short sales or foreclosures are pulling down the numbers. While they are selling at fair market value, pricing is reflected into the numbers pulling down the averages. We did see the higher end homes pull ahead this year in number of sales that balance the lower end of the spectrum.

• 1088 Sold Single Family Homes in 2016
• Median sale price of these homes were $325,000
• Average sales price was $362,000 spending approximately 79 days on the market.
• The most expensive home sold was at $4,240,000
• The least expensive home sold was $30,000
• 95 homes sold between $150,000 to $200,000
• 102 homes sold between $200,000 to $249,000
• 161 homes sold between $250,000 and $300,000
• 370 homes sold between $250K to $400,000
•  25 homes were new construction homes were sold
• 16 homes sold over $1,000,000
• 64 of the sold homes were in the short-sale status for 2016 that transferred title up 30% from last year
• 114 were bank owned sold homes which is up 40% from last year.
• The absorption rate is now at 5.3 months of inventory which is falling from last year.

SOLD Homes in Putnam County NY 2016

The information below is for the last three months of single family home sales.

• The 4rd Quarter of 2016 boasts 288 sold single family homes  
• The average sale price of a home during the 4th quarter $348,000 down 3.3%
• The median sale price in the 4th Q was $317,000 for a single family Putnam County, NY home down 0.9%
• The average days on market was 71days 
• The highest price home sold during this time was $5,000,000
• The lowest home sale was $32,000
• Our current inventory of single family homes is a 5.7 month supply.
• The most popular price point of a single home remains under $450,000

Buyers did see multiple offers this year for mid range homes in Putnam County. Putting in a full price offer is not unheard of in this market. As inventory has fallen, the perfect home does not always show up at the right time. Knowing when a full price offer is appropriate is helpful. Your real estate agent can advise you to fair market value of a home. Losing out on a home for a few thousand dollars can be major loss. Buying a home requires you to fall in love with a house. Finding another match can be hard to do when inventory is low. Talk to your agent and review comps on any property you see. Knowing when the numbers make sense is key to winning a multi offer situation. 

Average Sale Price of a Single Family Home in Putnam County, NY

Recent sales in Putnam County New York vary a good deal in pricing.

• The lowest price single family home is listed at $39,900
• The highest price single family home is listed at $4,750,000
• The current inventory is 440 of single family homes

How is the Putnam County, NY Housing Market?

Single Family Home Sales are up in the 3rd Quarter!

Putnam County, NY Housing Market Updates

The information below is for the last three months of single family home sales.

Single family home sales in Putnam County continue to rise despite the low inventory! Pricing  seems to be on the rise and many homes are seeing multiple offers if they are in a good location, and in good condition. More importantly sellers that are well informed are pricing their homes properly to sell. Fair market value is key and the targeted buyer pool makes their move quickly. By pricing a home in a hot market with selling in mind, multiple offers are not unheard of. Overprice a home, and you will find that other homes will be selling instead.

The information below is for the last three months of single family home sales.

• The 3rd Quarter of 2016 boasts 329 sold single family homes  
• The average sale price of a home during the third quarter $376,266
• The median sale price in the 3rdQ was $340,000 for a single family Putnam County, NY home
• The average days on market was 108 days 
• The highest price home sold during this time was $3,020,000
• The lowest home sale was $55,000
• Our current inventory of single family homes is a 7.5 month supply.
• The most popular price point of homes is $450,000 and under for a single family home.

3rd Quarter Comparison of SOLD Homes Putnam County, NY

Smart home buyers understand that low inventory means they need to pounce when something good pops on the market. A good deal can mean buying a great home at the asking price with no concessions. Real estate agents like to educate buyers early on so that they reach the finish line with the home that is “just what they were looking for”. An understanding of the process of buying a home is key to knowing when to offer full price, and when it is not in a buyers best interest to do so.

Recent sales in Putnam County New York vary a good deal in pricing.

• The lowest price single family home is listed at $35,000
• The highest price single family home is listed at $4,500,000
• The current inventory is 692 of single family homes, down approximately 27% same time last year

Inventory of Homes for Sale Putnam County, NY September 2016

Putnam County, NY Housing Update June 2016

Our current inventory of homes for sale in Putnam County is down and sales are UP for 2016!

Are you looking to find out what homes are available in Putnam County? Most of my clients what to know what are the current values, and if it is a good time to buy or sell their home. Mid year is a good time to compare what has been happening in the housing market and examine the current real estate market. We are out of the winter, past the spring surge and into the beginning of the summer plateau. Nothing stays the same in real estate and numbers don’t lie. Our sold single family homes in Putnam County have had a great first six months. Buyers have moved in and sellers have moved on.

Homes on the market this year are selling for slightly more money. With less inventory for buyers, they are more apt to jump on  a property a bit quicker rather than lose it. Buyers need to know this as it can mean that they need to come in with a strong offer from the beginning. Sellers with properly priced homes saw multiple offers  this spring, with higher than expected numbers.  Sale prices this year are averaging a 3.8% increase over last year with a slow and steady climb for the last four years. 

33.7% more homes sold 2nd Quarter of 2016 than in 2015 (254 compared to 190)

32.7% more homes sold Year to date compared to 2015 (467 compared to 352 homes were sold January to June 2016)

Home Sale prices are up on average of 3.8% Average home sale price was $369,731

The median sale price is up 8.5% over last year at $314,000 from $289,500.

The current inventory of homes is down 21.7% as of June 30th. Less choices for buyers looking to make the move into Putnam County. Days on market are slightly down on average from 134 to 128 from 2015 at a 4.4% reduction in time from listing to under contract status. The most popular price point of homes is between $250 and $400K  for a single family home. 

• Our lower inventory of homes is making things a bit more difficult for buyers looking in Putnam County.
• Active listings for sale of single family homes is 748 down from 955 in 2015.
• The lowest price single family home is listed at $35,900.
• The highest price single family home is listed at $8,999,000
• Average home listing is $541,806 and the median price of these homes is $400,000
• Ten homes sold over $1 Million dollars this year in Putnam County NY.

Take a look at what is currently on the market. With over 700 homes to view, there is something for everyone. Setting up your personal account so you can view only the homes that meet your price range and criteria is what my clients find most useful. All the active listings on Realtor.com are found here. We get the listings before they do. 

Looking for a waterfront home in Putnam County this year? Whether you are looking for a home near the train, close to Westchester or the Newburgh Beacon Bridge, we have all the listings first. Let’s get you started with surfing the inventory and find that new place to call home.

Putnam County, NY. Let’s find your next home today.

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