Sunday, March 14, 2010
Sullivan County home prices
There’s a reason so much of the Sullivan County map is colored blue. The high end of the market is gone.
“Up to $150,000 is a saleable number these days,” said Bill Rieber, owner of Rieber Realty. “Beyond that it’s difficult. The high-end buyers just aren’t out there now.”
The bottom fell out last year in Fallsburg, which reported the lowest median sale price and the largest percentage decline of any municipality in the region with more than a handful of sales. Realtors identified several possible factors in the decline, including high taxes and a sharp falloff in transactions in the Hasidic community (many of which aren’t reported through the Board of Realtors).
It’s best not to read too much into the numbers for the western side of the county, as each town had 25 or fewer sales last year. The second-home market there has slowed dramatically, particularly at higher price points, said David Knudsen, an associate broker with Catskills Buyer Agency.
Notes: Data for the Town of Mamakating was provided by the Greater Hudson Valley Multiple Listing Service. Data for the rest of the county was provided by the Sullivan County Board of Realtors.
http://www.recordonline.com/apps/pbcs.dll/article?AID=/20100314/NEWS/100319866/-1/SITEMAP
“Up to $150,000 is a saleable number these days,” said Bill Rieber, owner of Rieber Realty. “Beyond that it’s difficult. The high-end buyers just aren’t out there now.”
The bottom fell out last year in Fallsburg, which reported the lowest median sale price and the largest percentage decline of any municipality in the region with more than a handful of sales. Realtors identified several possible factors in the decline, including high taxes and a sharp falloff in transactions in the Hasidic community (many of which aren’t reported through the Board of Realtors).
It’s best not to read too much into the numbers for the western side of the county, as each town had 25 or fewer sales last year. The second-home market there has slowed dramatically, particularly at higher price points, said David Knudsen, an associate broker with Catskills Buyer Agency.
Notes: Data for the Town of Mamakating was provided by the Greater Hudson Valley Multiple Listing Service. Data for the rest of the county was provided by the Sullivan County Board of Realtors.
http://www.recordonline.com/apps/pbcs.dll/article?AID=/20100314/NEWS/100319866/-1/SITEMAP
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