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Archive for the ‘Market Updates’ Category

Market Report – 1Q2022

Posted on: April 28th, 2022 No Comments

 


Market Report – Year-end 2021

Posted on: February 25th, 2022 No Comments

Like the rest of the nation, the North Country real estate market thrived in 2021. The average sale price in Clinton and Essex counties have increased significantly with low inventory being the primary driver, this is illustrated in the attached sales volume chart. The 4th quarter stats suggest the market may be beginning to plateau, primarily in Essex and Franklin counties. Clinton County buyers continued to be bullish in the 4th quarter resulting in a record ASP of $225,500. We expect Omicron to impact the 1st and 2nd quarters of 2022. Inventory remains low, and while there are still buyers >>More


HOW’S THE MARKET?

Posted on: October 21st, 2021 No Comments

Nearly everything that was forecasted in our 1Q2021 market update has come to pass over the past 6 months. Values have continued to increase due to a surplus of buyers in the market compared to the number of homes available for sale. Multiple offers on listed homes have been a common occurrence. No one has experienced a real estate market quite like the past 18 months; it’s been truly amazing to watch unfold. The increases in the north country region have been significant which begs the questions: How long can the upward trend in volume and values continue and will there be a >>More


How’s the Market? Q3 2020 Update

Posted on: November 4th, 2020 No Comments

How’s The Market?

Posted on: August 14th, 2020 No Comments

Half of 2020 is officially behind us and what a turbulent year it has been. It is time to evaluate the market’s performance over the 1st half of the year, report on the current environment and predict what’s in store in the months to come. As we anticipated and due to the pandemic, real estate sales have decreased substantially for the 1st half of the year compared to 2019. Even though real estate was considered essential by NYS, restrictions were placed on the industry on March 20, 2020 that made it nearly impossible to make sales. On June 4, 2020 >>More


2019 Real Estate Market Update

Posted on: February 27th, 2020 No Comments

Clinton County 2019 was a solid year for real estate in Clinton County with overall sales volume up 2% over 2018.  What’s more, sales volume in 2018 was stronger than normal with 12% growth over the previous year. The final total for residential sales was $101,110,195 with 627 homes sold. The average sales price of a home was up 4% to $161,260. The seller’s market we have experienced throughout all of 2019 is anticipated to continue due to low interest rates and low supply amid the continuous demands for housing in our area. Essex County In Essex County, 331 homes >>More


3rd Quarter Market Update, 2019

Posted on: November 14th, 2019 No Comments

How’s the real estate market? Real estate sales in Clinton County have remained strong and are up 2.4% year-to-date over 2018. As we forecasted, homes that are priced competitively are selling quicker and for more money than they did a year ago; the average sale price is up over 5% — to almost $161,000 — year-to-date. While a slight cooling off of the market is normal as we head into the holiday season, the demand for homes in our area should continue as inventory remains low.


How’s the market? Q2 2019 Update

Posted on: July 29th, 2019 No Comments

Now that half of 2019 is behind us, it’s time to take a closer look at current trends in our local real estate market. As we predicted at the beginning of the year, the market in Clinton County has been strong and steady. Real estate sales are up 7% this year over the same time period last year (Jan-Jun). Inventory remains low, and as a result, homes that are priced competitively are selling much faster than normal. We have also experienced an uptick in the number of homes receiving multiple offers. The average sale price year-to-date is 7% higher than this time in 2018, >>More


How’s the market? Q1 2019 Update

Posted on: May 6th, 2019 No Comments

As was the case throughout 2018, home inventory has remained low during the first quarter of 2019. Homes that are for sale at market value are going under contract in a short period of time. Clinton County has seen a slight and steady increase in the average price of residential home sales, a trend that will most likely hold throughout the year. We anticipate that this seller’s market will continue for the foreseeable future, since the demand for homes in our area is exceeding the supply. Want more $$$ out of your real estate? We delivered our clients the highest average sale price in >>More


2018 Real Estate Market Update

Posted on: February 11th, 2019

Here’s a recap of the local real estate market in 2018.  The bottom line: now is THE TIME to sell, especially in Clinton County.  Read on for more details. Clinton County 2018 was another successful year for real estate sales in Clinton County. The final total for residential sales was $98,228,00 (12% increase).  A total of 632 homes were sold, an increase of 29 over 2017. Finally, the average sales price of a home in Clinton County was up 7% to $156,400. With houses continuing to sell more quickly and at a higher average sales price, we are still experiencing a seller’s market. >>More