Half Yearly Housing Market Report 2015
Let’s take a look at the Cornwall New York housing market for the first half of 2015. Seems that we are showing an increase of homes sold, an increase of homes listed and a decrease in the average price of a home sold.
2014 had 35 homes transfer title in the first half of the year, while in 2015 we saw 48 homes sold. While our number of homes sold rose, prices did not. The average price of a home in Cornwall for 2014 sold at $331,691 and in 2015 the average was at $297,518.
Inventory has increased this year to 14.66 months supply but last year we had less than twelve months. Buyers have more to choose from and with that prices have a tendency to follow with sellers lowering prices. The most popular price point of homes in Cornwall was under the $350,000 price point. Homes in Cornwall do vary greatly in size, location, condition and value. We have the village and the town that also can be factored into the what a homes sells for. Our waterfront properties remain a big plus when buyers are looking and they do have a higher price tag.
Active Listings – Cornwall NY January to June 2015
Buyers are enjoying choice when shopping for a home in Cornwall. Many buyers don’t only look in Cornwall though. Surrounding towns are also considered when choosing where they want to live. Schools, amenities and distance for commuting become part of the equation. It takes a home well priced with the features that a new owner values to be a winning deal. Choices keep buyers looking to be sure they are making the right choice for their new home.
Number of SOLD Single Family Homes in Cornwall NY
January to June 2015
Homes available now continue to show value and different features. Searching for that place to hang your hat is a process that involves an understanding of what has recently sold, and what is currently available. Mid range homes sell at a faster pace than either extreme. River views are quite special and we do have some wonderfully priced homes for sale. Let me know what you need, and I’ll be happy to show you around.
Homes in Cornwall NY are Selling – Half Yearly Sales by Price of SOLD Homes
Pricing Tells the story of what is hot and what is not!
Cornwall NY Home Sales Updates for June 2015
- There are 132 single family homes currently on the market (28 new listings in June)
- The average list price is $397,250 (ranging from $99,000 to 1,850,000)
- 1/3 of the inventory is at the $250,000 to $300,000 price point.
- There are 31 homes currently under contract. 7 of those were signed in June of 2015.
- In June 13 homes transferred title in Cornwall NY up from 10 last year at the same time.
- Transferred Title Prices ranged from $132,500 to $505, 000
- The average home in June sold at $301,019 compared to last year at $290,847
- These sold homes spent 106 days on the market
- 108 homes closed in the last twelve months.
- Cornwall NY is seeing an increased amount of inventory with slightly over a 14.6 month of supply of homes for sale up from just under 12 months of inventory last year at this time.
This Housing Market report includes single family homes for sale in both Cornwall and Cornwall on Hudson NY. Students that live in Cornwall attend Cornwall or Washingtonville Schools. This market report an analysis of information from the Hudson Gateway Association of Realtor’s current statistics. Neighborhood numbers vary and change daily. It is important to know details when looking to buy or sell a home in Cornwall NY.
All Town of Cornwall NY Active Listings can be found here.Search Cornwall NY Homes for Sale
What is My Cornwall NY Home Worth June 2015 [map id=”7″]
Market reports from the past will show what has recently sold in the area. The info is helpful when either buying or selling a home. It gives you a better perspective of what prices you can expect. 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 and 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 Cornwall 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.