Year End Housing Sales 2015 – Town of Newburgh NY

Home Sales Town of Newburgh NY 2015

 Year End Housing Market Update for 2015 

The Town of Newburgh housing market saw some increased activity this year. Sales were up, and prices moved up ever so slightly. The number of sales increased 21.84%. Buyers and sellers were very pleased with this. Homes over $450K price point were up dramatically.  Our waterfront homes continue to provide value to buyers looking for luxury at a most reasonable price point. Sellers in the luxury market should pay attention this spring as more inventory gives more choices for buyers to find their dream home. Many buyers relocating to the area are looking for a home that boasts those famous Hudson River views.

• 251 homes sold in the Town of Newburgh for the year 2015
• Median sale price of these homes were $219,900
• Average sales price was $237,628 spending approximately 136 number of days on the market.
• The most expensive home sold was at $830,000
• The least expensive home sold was $20,000
• 49 homes sold between $150,000 to $200,000
• 59 homes sold between $200,000 to $249,000
• 37 homes sold between $250,000 and $300,000
• 21 homes were new construction which is consistent with last year
• 14 homes sold over $450,000 for the entire year
• 33 of the sold homes were in the shortsale status for 2015 that transferred title which is up from 2015
• The absorption rate for the Town of Newburgh 2015 is now at 10.76 months of inventory which is falling.

The Town of Newburgh continues to see homes selling. Pricing has is up slightly and buyers are moving into homes. The average sale price is up 1.8% over last year. Shortsales still invade the market and continue to be a problem for house values to begin to appreciate again. The strongest part of the market continues to show homes selling under $300,000. Many buyers are looking for that first home that is affordable, commutable and in great condition. The ability to work in our area is worth a 60 mile commute to Grand Central Station. Homes that are well priced right disappear off the market quickly.

Looking at the last give years shows that our selling prices are not increasing.  The volume of sales grew more this year than in the last four. Our inventory is consistent and we expect to see more homes enter the market in the next few weeks. Statistically speaking we are in the slow months. Buyers however are out in full force and looking to make a move. Interest rates have not taken off yet, but our serious buyers are thinking that now is the time before they miss out.

• 2011 – 161 Homes Sold – Average Price – $239,719
• 2012 – 172 Homes Sold – Average Price – $250,804
• 2013 – 205 Homes Sold – Average Price – $242,313
• 2014 – 206 Homes Sold – Average Price – $233,359
• 2015 – 251 Homes Sold – Average Price is $237,628

December 2015 Monthly Breakdown of Sales

• A total of 31 single family homes sold (compared to December of 2014 having 31)
• Average price was $257,477
• Average home spent 154 Days on the market
• Most expensive home sold was $650,000
• The least expensive home sold was $92,500
• There are currently 225 active listings as of December 31st.

If you are looking to buy or sell a home in the next few months, now is the time to learn about the process, the challenges and what you can expect. Don’t wait until the weather changes, the birds are singing and your competition has already done their homework. Buying and selling real estate is a moving target. Ready – Set – Go!  Begin the process now.

Take a look at the Town of Newburgh NY Active MLS Listings

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Page ONE  

Knowing what has sold in the past is helpful when either buying or selling a home. It gives you a better perspective of the current status of the market. If you are looking to purchase or sell a home in the Town of Newburgh NY I would be happy to discuss your real estate needs and show you how I can help. I am your local Newburgh NY real estate agent that is ready to guide you every step of the way.

Search the MLS – ACTIVE Listing in the Town of Newburgh NY Orange County NY

What Homes Sold Town of Newburgh NY 2015?

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

What is My Town of Newburgh NY Home Worth?

Town of Newburgh NY Housing Market Update November 2015

 Home Values for the Town of Newburgh NY November 2015

Town of Newburgh home sales are consistent. First time buyers are moving in, some buyers are relocating,”empty nesters” are downsizing, while others want a big home to accommodate their large family. Overall, inventory is up for the last few months. Sales are consistent though. Our prices appear to be creeping up in some price points, but homes in the higher ranges are not selling as fast. Our most popular price point is between $200,000 to $250,000 for a single family home in the town. In contrast only one home sold over $500,000.

 Town of Newburgh NY Home Sales:

• There are currently 241 single family homes for sale
• 41 new listings came on the market in November
• The average list price was $313,684  ranging from $40,000 to $3,220,000
• There are 65 homes currently under contract in the Town of Newburgh
• 25 properties transferred title in November
• The average sold price was $ 232,827
• The most expensive property sold was $480,000
• The least expensive property sold was $42,500
• The average number of days on the market was 145
• The Town of Newburgh has 12.00 months of inventory
• 241 homes were sold in the last 365 days compared to 210 in the previous 12 months

As the year progresses our inventory is falling. Sales are up and prices are remaining consistent. Buyers are out looking in many locations as they will forego one location to another and keep home values the priority. The critique is that many homes “need work”. Those homes do linger on the market for quite some time. Homes that are in good condition and not over priced go quickly. Many resale homes are needing to adjust pricing to reflect condition. Seems that when they do a sold sign follows quickly.

Homes SOLD in the Town of Newburgh NY November 2015

Real Estate Is local! Your information should be too.

Call for more info about sold homes in YOUR neighborhood! 845-527-7115

Contrary to what you might expect, getting a full price offer is not unheard of in this market. While prices haven’t gone up much, a nice home, requiring few updates that is properly priced is rare. Showing great value worthy of a buyer moving forward is key.  Buyers wants a good deal, but in the end the price they pay will be fair market value for a home. I have never met a buyer that wants to overpay for any home.

Call for  more info on how we can set up a search and find a home for  you now.  Not tech savvy? No worries i can do that for you. Let’s talk about what you are looking for. Contact me now.

Search the MLS for Town of Newburgh NY Homes …

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Housing Market Updates November 2015 Town of Newburgh NY

SEARCH the Newest Listings for the Town of Newburgh NY

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

More Town of Newburgh NY Listings

• Town of Newburgh NY Website
• Past Real Estate Market History for the Town of Newburgh NY
• Great Newburgh Enlarged City School District
• A Bit of History of the Town of Newburgh NY 

Want to learn more? I write local market updates every month. Please feel free to read and share.  If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing. Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

What are Town of Newburgh NY Homes Worth in July 2015?

Town of Newburgh NY Housing Market Update 

Homes for Sale Fostertown Road Newburgh NY

 Home Values for Town of Newburgh NY 

Town of Newburgh sales slowed down a bit over the last month. Buyers are out looking, and yet I am hearing that inventory is low. I don’t see inventory dropping, yet the perception from our local buyers is that the values are not there. Older homes that are competing with new construction are not selling as quickly. Overall, inventory is up from the last couple of months. Calls are from buyers that are anxious to move in, but they are not finding a home that they are willing to purchase.  Buyers are watching closely everything that comes on the market and pounce on a good deal when they see it. Well prepared houses are seeing multiple offers in a short period of time. Sellers should take note that getting a home ready for sale makes it easy to sell and for top market value.

 Town of Newburgh NY Home Sales:

• There are 280 single family homes for sale
• 40 new listings came on the market in July which is down from the previous month
• The average list price was $323,077  ranging from $39,900 to $1,790,000
• There are 58 homes currently under contract in the Town of Newburgh
• 20 properties transferred title in July
• The average sold price was $ 229,300.
• The most expensive property sold was $485,000
• The least expensive property sold was $45,000
• 1 new construction home transferred title in July 2015
• The average number of days on the market was 126
• The Town of Newburgh has 14.95 months of inventory which is up slightly from last month
• 218 homes were sold in the last 365 days
• Compare July 2014 Market Reports

Real Estate Is local!

Call for more info about sold homes in YOUR neighborhood! 845-527-7115

Getting a full price offer is not unheard of in this market. The problem isn’t that your agent listed your home for too little money, it means that it is priced right, shows great value and worthy of a buyer moving forward. No buyer wants to pay over “fair market value” for any home.  Buyers are truly savvy with all the information available. Having the ability to sift through all the data that is relevant to  you and your home is huge. Knowledge is power when buying or selling a home. Whether you buy in California or New York, the local market matters.

Searching for new listings can be a challenge. When a new listing pops on the market you need to know asap. Make sure to plan ahead well and be ready, willing and able when the time comes to move forward.

Call for  more info on how we can set up a search and find a home for  you now.  Not tech savvy? No worries i can do that for you. Let’s talk about what you are looking for. Contact me now.

Search the MLS for Town of Newburgh NY Homes ….

Search Homes for Sale Town of Newburgh NYSearch ALL Active Listings

Housing Market Updates July 2015 Town of Newburgh NY

SEARCH ALL Town of Newburgh NY current listings

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

• Town of Newburgh NY Website
• Past Real Estate Market History for the Town of Newburgh NY
• Great Newburgh Enlarged City School District
• A Bit of History of the Town of Newburgh NY 

Want to learn more? I write local market updates every month. Please feel free to read and share.  If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing. Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

Town of Newburgh Map [map id=”3″]

Half Yearly Housing Market Report 2015

Town of Newburgh NY

TOWN OF NEWBURGH NY HOUSING MARKET UPDATES JUNE 2015

The Town of Newburgh NY Housing Market Update.

Time flies and the snow has been gone for a weeks already. It is time to reflect back to what happened during the cold winter and early spring with a housing market update of the first two quarters of 2015. We are now six months into the new year and many people have been asking how the real estate market is behaving.

The first part of 2015 started out slowly and then the pace did pick up. Once the thaw was over, buyers seemed to jump on everything, looking for a great home to purchase. It was definitely a busy time. An optimistic outlook after a nasty winter brought both hopeful buyers and also sellers into the market and many new listings followed.

The question is, how did that translate into buyers making offers and purchasing homes?  An increase of home sales this year over last year at the same time was up approximately 12%. Great for sellers and buyers alike. Inventory began increasing after the snow melted when sellers saw the activity.  Sellers were excited to see the surge, and made sure to have their home listed and ready to be scooped up.

Active Listings – Town of Newburgh NY January to June 2015

So what homes are for sale? This chart shows the active number of listings over the last six months. for the Town of Newburgh. Fluctuation normally occurs seasonally and that is no surprise. Our current inventory of homes is at a 14.98 month supply indicating that we remain in a buyers market. This is down from last years number of over 16 months of available inventory. That means less choices for buyers than last year, but there are still quite a few homes on the market. As buyers were actively purchasing homes, the local sellers put their homes on the market quickly.

What happened with the pricing of homes?  The average home prices remained flat.  Not really much improvement at all. As new inventory entered the market there is still a large number of homes for sale. There is always the need for prices to reflect the fair market value and not what owners wanted to see. While buyers had less to choose from, buyers were not willing or able to pay higher prices. The inventory of Newburgh NY homes actually decreased 3.3% since last year at the same time.  Buyers found that the spring the inventory of new homes entered the market pretty close to fair market value. These were the homes that sold first. Properly priced homes did see multiple offers and quick sale. Pricing didn’t really adjust upward much for this although it may happen soon as inventory of good homes dwindles.

SOLD Single Family Homes in the Town of Newburgh NY

January to June 2015

Sold Homes Town of Newburgh NY January to June 2015

Buyers do have a good deal more to choose from right now. There are less bank owned and short sale properties flooding the market. As the competition to sell a home increases, pricing will adjust. Sellers are aware that their home needs to stand out from the rest. If they truly want to sell, we see repairs and staging before a home even enters the market. It is important to stand out from the crowd when selling  your home.

Condition drastically affects the outcome of offers. When selling your home it needs to show well, be easily accessible and priced to compete with the rest of the homes on the market. Homes don’t sell for what an owner wants, needs or has already invested in the property. It sells only for fair market value. Understanding what homes have sold in your neighborhood and how an appraiser will view your home when the time comes, can be the difference between listing and selling a home. Proper pricing is key to getting the highest and best offer the local market will bear. 

Town of Newburgh NY Home Sales Updates – June 2015

• In June the inventory of  single family homes for sale is 266
• 54 new listings came on the market in June
• The average list price was $320,625 ranging from $60,000 to $1,790,000
• There are 53 homes currently under contract – 20 went under contract in June.
• In June the Town of Newburgh had 21 properties sold
• The average sold price in June was $ 236,277 spending an average of 141 days on the market ranging from $125,000 to $422,000.
• In the last twelve months there were 213 closed sales with an average sold price of $234,323 spending an average of 154 days on the market. The majority of our inventory sold between $200K and $300K.
• The Town of Newburgh NY home absorption rate is at a 14.98 month supply of inventory which is down from last year.

When I work with buyers the common request on their wish list is to find a new home meets their needs.  Buyers that are smart enough to recognize value when they see it make offers that reflect the true current value. They watch the market and learn as much as possible about what is for sale, what is bank owned and what prices homes have recently sold for. Homes priced in the $200 to $300K is the most popular price point. We have homes that range from the $100’s to over $1 Million. New construction is part of the equation and the range for that is from $260,000 and up.

Knowing the homes that are selling where you live is important. Remember that when you purchase a home today it changes many things about your financial future. When it is time to sell we can help put all the pieces to the puzzle together with you. Let us provide you with important information that you need, with our FREE comparative market analysis.

What is My Town of Newburgh NY Home Worth June 2015

Search All Town Of Newburgh NY Active Listings

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Continue the SEARCH for your next home….  Town of Newburgh Homes for SaleSearch the MLS

Resources and info for the Town of Newburgh NY

• Town of Newburgh NY Website
• Great Newburgh Enlarged City School District
• Newburgh Library
• A Bit of History of the Town of Newburgh NY

I hope you enjoyed reading this article. If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing.  Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

Map of the Town of Newburgh [map id=”3″]

What is My Town of Newburgh NY Home Worth?

Town of Newburgh NY Housing Market Update May 2015 

Curb appeal Sells Homes – Ask about the value!

 Home Values for Town of Newburgh NY 

New listings continued to pour into the housing market in May. The Town of Newburgh saw an increase of new listing of over 18% compared to April. Overall inventory is up from the winter. Consistent with past years the spring is a busy time for sellers to put their home on the market. Interestingly enough, homes are finding that they have multiple offers and buyers are making the move to go forward. Many of my buyer clients are complaining that inventory is down. While that doesn’t show in the numbers, the complaint is that the old inventory that was over priced has lingered and their is little value. When the new homes enter the market and are ready to sell now with proper pricing, they disappear. Buyers are watching closely everything that comes on the market.

 Town of Newburgh NY Home Sales:

• There are 244 single family homes for sale
• 58 new listings came on the market in May- up from 48 the previous month
• The average list price was $333,479 ranging from $45,900 to $1,900,000
• There are 53 homes currently under contract in the Town of Newburgh
• 24 new contracts in May of 2015
• 24 properties transferred title in May
• The average sold price was $ 244,791
• The most expensive property sold was $830,000
• The least expensive property sold was $59,900
• 1 new construction homes sold in May 2015
• The average number of days on the market was 122
• The Town of Newburgh has 13.13 months of inventory which is up slight from last month
• 223 homes were sold in the last 365 days
• Compare May 2014 Market Reports

Call for more info about sold homes in your neighborhood! 845-527-7115

“I thought it was a buyers market?” I hear that phrase often. Well, it can be if you are getting a good value for the money. When homes enter the market that have already been discounted to reflect the fair market value, then those homes sell fast and can end up getting full price offers. When these homes disappear in a flash leaving buyers  are confused. They were listening to the national news or reading up an article for another market.

If you are serious about buying a home, then you need to know about all new listings. Hesitating to make an offer can mean missing out on a home that fits your needs and is priced to sell. Buyers that are ready and are watching the market and they have the advantage, as they already know what is happening daily in the local market.

Does your agent watch the market daily? When a new listing pops on the market you need to know asap. Make sure to plan well for being ready, willing and able when the time comes to move forward.

Call for  more info on how we can set up a search and find a home for  you now.  Not tech savvy? No worries i can do that for you. Let’s talk about what you are looking for. Contact me now.

Learn more about Newburgh NY Homes ….  Town of Newburgh Homes for SaleSearch the MLS

What’s My Town of Newburgh NY Home Worth in May 2015?

Learn more about the Town of Newburgh NY current listings.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

• Town of Newburgh NY Website
• Past Real Estate Market History for the Town of Newburgh NY
• Great Newburgh Enlarged City School District
• A Bit of History of the Town of Newburgh NY 

Want to learn more? I write local market updates every month. Please feel free to read and share.  If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing. Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

Town of Newburgh Map [map id=”3″]

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What is My Town of Newburgh NY Home Worth?

Town of Newburgh NY Housing Market Update April 2015 

Hudson River Overlooking the Newburgh Beacon Bridge

 Home Values for Town of Newburgh NY 

The April housing market for the Town of Newburgh saw a dramatic number of new listings enter the market. Over 40 new homes were listed and inventory is up. Consistent with past years the spring is a busy time for sellers to put their home on the market. No more snow, warm weather and blue skies are an encouraging reason for buyers to search for that place to call home.

 Town of Newburgh NY Home Sales:

• There are 223 single family homes for sale – a slight increase of 8 listings
• 49 new listings came on the market in April – up from 32
• The average list price was $324,238  ranging from $45,900 to $1,650,000
• There are 57 homes currently under contract in Newburgh
• 25 new contracts in April of 2015
• 11 properties transferred title in April compared to March with 12 Sold homes
• The average sold price was $ 265,137
• The most expensive property sold was $428,003
• The least expensive property sold was $109,000
• 3 new construction homes sold in April 2015
• The average number of days on the market was 232
• The Town of Newburgh has 11.38 months of inventory remaining consistent with last month
• 214 homes were sold in the last 365 days
• Compare April 2014 Market Reports

Pricing of SOLD Single Family Homes for April 2015

Pricing remains rather consistent with the last few months. We have enough inventory at 11.38 months to still be considered a buyers market. I do get complaints from buyers that a good deal of the inventory is in need of repairs and not what they are looking for. Buyers continue to look for great deals and have been disappointed frequently with what is currently available. Turnkey homes are what is selling. Investors that are able to pick up homes that are deeply discounted have been flipping a few. These deals can be sweet as new buyers get a home that has already been renovated and the buyer does not need to make the repairs.

“Fair market value” is what a home will sell for. Banks and buyers know what a home is worth to them. I do get low offers on listings from some that think a “buyers market” means that a seller will accept almost anything for their home. This can be disappointing for buyers as they do lose out when a seller either turns down an offer and won’t negotiate, or a new offer comes in leaving them without the home they wanted.

Inventory is up a bit this month, and so is the number of buyers looking. Price your home properly, get it ready for market and work with an agent that knows your area. The results of having all three are in your favor to have your home sold in no time.

Knowledge is power in the real estate market and making sure the numbers are right can save you a ton of cash when buying or selling. While I can’t change what the numbers are, I can inform you best on what to expect and how to move forward in a challenging market. Call for  more info, or contact me now.

Learn more about Newburgh NY Homes ….  Town of Newburgh Homes for SaleSearch the MLS

What’s My Town of Newburgh NY Home Worth in April 2015?

Learn more about the Town of Newburgh NY

• Town of Newburgh NY Website
• Past Real Estate Market History for the Town of Newburgh NY
• Great Newburgh Enlarged City School District
• A Bit of History of the Town of Newburgh NY 

Want to learn more? I write local market updates every month. Please feel free to read and share.  If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing. Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

Town of Newburgh Map [map id=”3″]

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available See what homes are currently on the market in the town of Newburgh NY

What is My Town of Newburgh NY Home Worth?

Town of Newburgh NY Housing Market Update February 2015 

Hudson River Waterfront in Winter

 Home Values for Town of Newburgh NY 

The Town of Newburgh housing market is moving along in a steady fashion. Buyers are out looking and making offers on homes. To be sure, as the weather finally changes you can expect to see more homes enter the housing market. February was a cold and snowy month, and even so, buyers decided it was time to look for their next home, which kept the numbers of homes listed, under contract and sold rather consistent.

Current info on the Town of Newburgh NY Home Sales 

• There are 194 single family homes for sale – consistent with last month
• 23 new listings came on the market in February
• The average list price was $336,900  ranging from $45,900 to $2,995,000
• There are 30 homes currently under contract. 10 of those homes went under contract
• 19 properties transferred title in February, compared to January with 18 Sold homes
• The average sold price was $ 224,575.
• The most expensive property sold was $511,798
• The least expensive property sold was $65,000
• 3 new construction homes sold in February 2015
• The average number of days on the market was 183 days on the market.
• Two homes sold were bank owned.
• The majority of our inventory sold between $200K and $300K range for the month of February
• The Town of Newburgh has 11.52 months of inventory and remains in a buyers market.

Pricing of SOLD Single Family Homes for February 2015

Sold Homes – Pricing for the Town of Newburgh NY February 2015

Many sellers will wait until the spring thaw before cleaning the yard, planting flowers and making their house look more like a home. Yet with all the nasty weather this February we had 23 new listings of homes for sale in the Town of Newburgh. The seasonal statistics say we should be seeing a surge in the next few weeks.

Pricing of homes in the area continues to encourage buyers and disappoint sellers. The numbers having been moving sideways for a while now. Home buyers are not looking for homes that are large and expensive to maintain. Affordability is more important as buyers are more cautious with their decisions. Many clients are still getting FHA mortgages, while other are paying 20 to 30% down and some are paying cash.  The value in many homes can be seen in location, taxes, schools and amenities available. While some prefer shiny and new, a good number of our buyers stick with resales for their affordability.

Since the weather has finally calmed down a bit and a major blizzard seems less likely than it did a month ago the influx of spring homes entering the market is imminent. Our phones have been ringing with many potential sellers looking for a comparative market analysis to better understand what their options are. Buyers are getting pre-approved with local lenders, searching online for homes, and scheduling appointments to see them. Many buyers that were waiting for the snow to melt are finding that many homes are no longer available. Builders are pursuing permits and some new construction homes will go up on spec as model homes. Spring is just around the corner and we are all excited for a great Spring. I for one am hoping for some warm sunshine after our long cold winter.

Is it time to sell your home? Tis the season! A local real estate salesperson is what you need to discuss the current values. Details about your neighborhood are best when your local agent lives and works in the same community. Knowledge is power in the real estate market and making sure the numbers are right can save you a ton of cash when buying or selling. While I can’t change what the numbers are, I can inform you best on what to expect and how to move forward in a challenging market. Call for  more info, or send me an email now. janisborgueta@gmail.com and 845-527-7115 is my direct line. I look forward to hearing from you soon.

Learn more about Newburgh NY Homes ….  Town of Newburgh Homes for SaleSearch the MLS

What’s My Town of Newburgh NY Home Worth in February 2015?

Learn more about the Town of Newburgh NY

• Town of Newburgh NY Website
• Past Real Estate Market History for the Town of Newburgh NY
• Great Newburgh Enlarged City School District
• A Bit of History of the Town of Newburgh NY 

Want to learn more? I write local market updates every month. Please feel free to read and share.  If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing. Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

Town of Newburgh Map [map id=”3″]

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available See what homes are currently on the market in the town of Newburgh NY

What is My Town of Newburgh NY Home Worth?

Town of Newburgh NY Housing Market Update January 2015 

Balmville New York Homes

 Home Values for the Town of Newburgh NY January 2015

The Town of Newburgh NY housing market continues to move forward in this buyers market. Our inventory is at the lowest it has been since May of 2011! Good news for sellers looking to put their home on the market with less competition. Pricing continues to remain consistent with a what a buyer is willing and able to spend. The most popular price point of a home disappearing quickly is between $200,000 to $300,000. 10 of our 18 homes that sold last month fell into that category. Our buyer pool is finding that there are not as many choices when it comes to looking at homes now. Many are ready and qualified, but are waiting for our spring surge. While we have no idea what will show up tomorrow, we have not seen a huge amount of new homes enter the market.

Current info on the Town of Newburgh NY Home Sales 

• There are 190 single family homes for sale – steady decrease over the last four months.
• 21 new listings came on the market in January
• The average list price was $323,800  ranging from $29,900 to $2,995,000
• There are 39 homes currently under contract. 8 of those homes went under contract in January
• 18 properties transferred title in January, compared to last January with only 14 Sold homes
• The average sold price was $ 231,201
• The least expensive property sold was $118,000
• The most expensive property sold was $537,125
• One new construction home sold in January 2015
• The average number of days on the market was 157 days on the market.
• One home sold was bank owned.
• The majority of our inventory sold between $250K and $300K range for the month of January
• The Town of Newburgh has 11.29 months of inventory and remains in a buyers market.

Pricing of SOLD Single Family Homes for January 2015

Winter is always a slower time of year, but there are buyers out there. Since the phones have been busy with buyers and sellers, I am expecting the number of listings to increase soon as well as more buyers out looking. I have been out with clients in the snow that just are not willing to wait until spring. They are ready today and want to be in their home when schools is out for the season. The trend is to see more homes enter the market in late March and April, so beating out the competition takes a bit more to get a home recognized. Proper pricing shows value and a home in good condition, staged properly and marketed well gets buyers in to see a home and make an offer.

Is it time to sell your home? A local real estate salesperson is what you need to discuss the current values. Details about your neighborhood are best when your local agent lives and works in the same community. Knowledge is power in the real estate market and making sure the numbers are right can save you a ton of cash when buying or selling. While I can’t change what the numbers are, I can inform you best on what to expect and how to move forward in a challenging market. Call for  more info, or send me an email now. janisborgueta@gmail.com and 845-527-7115 is my direct line.

Learn more about Newburgh NY Homes ….  Town of Newburgh Homes for SaleSearch the MLS

What’s My Town of Newburgh NY Home Worth in January 2015?

Learn more:

Info on the Town of Newburgh NY:

• Town of Newburgh NY Website
• Past Real Estate Market History for the Town of Newburgh NY
• Great Newburgh Enlarged City School District
• Newburgh Library
• A Bit of History of the Town of Newburgh NY 

Want to learn more? I write local market updates every month. Please feel free to read and share.  If you would like to receive more information  please subscribe to my blog. No Spam No hassles, just info on local housing. Looking to buy a new home? Search the MLS for New Homes in the Hudson Valley. Feel free to contact me anytime at (845)-527-7115 or come visit me on Google+  Statistics represent single family homes  for sale in Newburgh NY (source HGMLS ).  Information is deemed reliable, but not guaranteed.

Town of Newburgh Map [map id=”3″]

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available See what homes are currently on the market in the town of Newburgh NY

Housing Market Sales 2014 in the Town of Newburgh NY

What homes SOLD last year in the Town of Newburgh NY?

Orange County NY Housing Market Update for Town of Newburgh

 Year End Housing Market Update for 2014 

The numbers are in for housing market in the Town of Newburgh NY. While the number of sales are not much higher than last year, they are certainly consistent and up significantly from four years ago. Buyers looking to jump into the market and purchase high end homes are in a sweet spot. Homes selling over the $500K price point are few. Our waterfront homes have never been more affordable. Sellers in the luxury market that are ready to downsize, or relocate are pricing their homes according to what the market will bear. Buyers are finding some treasures on the Hudson River.

• 206 homes sold in the Town of Newburgh for the year 2014
• Median sale price of these homes were $220,000
• Average sales price was $233,359 spending approximately 148 number of days on the market.
• The most expensive home sold was at $500,000
• The least expensive home sold was $40,000
• 46 homes sold between $150,000 to $200,000
• 40 homes sold between $200,000 to $249,000
• 32 homes sold between $250,000 and $300,000
• 20 homes were new construction which is up from 11 last year.
• 5 homes sold over $450,000 for the entire year
• 17 of the sold homes were in the shortsale status for 2014 that transferred title which is down from 22
• The absorption rate for the Town of Newburgh 2014 is now at 11.83 months of inventory. .

The Town of Newburgh continues to see homes selling. Pricing has not increased but buyers are moving into homes. The average sale price is down 3.4% over last year. Shortsales still invade the market and continue to be a problem for house values to begin to appreciate again. The strongest part of the market are homes under $300,000. The buyer pool are those moving into the area looking for a more affordable lifestyle. The ability to work in our area is worth a 65 mile commute to New York City. Sellers that are within this price range see good traffic. Homes that are well cared for and priced right disappear off the market quickly.

Looking at the last four years shows that our selling prices are not increasing.  The volume of sales continues to increase ever so slightly from last year, but is up 27% since since 2011. Our absorption rate tells me that inventory is falling and that buyers will have less choices. As inventory falls pricing can begin to rise. With continued low interest rates and a stronger economy the numbers could change this year.

• 2011 – 161 Homes Sold – Average Price – $239,719
• 2012 – 172 Homes Sold – Average Price – $250,804
• 2013 – 205 Homes Sold – Average Price – $242,313
• 2014 – 206 Homes Sold – Average Price – $233,359

December 2014 Monthly Breakdown of Sales

• A total of 21 single family homes sold (compared to December of 2013 having 25)
• Average price was $212,198
• Average home spent 155 Days on the market
• Most expensive home sold was $440,000
• The least expensive home sold was $52,500
• There are currently 202 active listings as of December 31st.

The winter is usually a slower time of year for inventory. Many sellers think they should wait until spring when things look prettier outside.  When a new buyer enters the market in winter they are usually motivated to buy now, and not wait until spring. If they are relocating April or May is too long to delay their search to view a home. They will be buying now and with less homes on the market, the competition is less. A home that has made the effort to look clean and groomed well on the outside can still sell during wintertime. Properly adjusting for any season to sell a home is key. When you are ready to sell, the season should not dictate when to put it on the market.

Take a look at the Town of Newburgh NY Active MLS Listings

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Page ONE  

Knowing what has sold in the past is helpful when either buying or selling a home. It gives you a better perspective of the current status of the market. If you are looking to purchase or sell a home in the Town of Newburgh NY I would be happy to discuss your real estate needs and show you how I can help. I am your local Newburgh NY real estate agent that is ready to guide you every step of the way.

Search the MLS – ACTIVE Listing in the Town of Newburgh NY Orange County NY

Town of Newburgh NY 2014 Year End Market Report

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+