This property Sold and Closed yesterday (June 13, 2008)

It took 33 days.

It sold for $320,000.00

This unit was Listed March 13, 2008. It took 33 days for an acceptable offer to come in.  It was shown an average of 1 time a day during that time. There was considerable interest
in this unit. The seller's finally decided to accept an offer lower than usual because the offer came in as cash.

This unit was in the E. Ramapo School District.

There is currently another unit located at 184 Eagle Ridge Way. Originally Listed for $340,000 and reduced to $337,500. It too has an accepted offer, however has not closed as yet, so the price can not be disclosed.

FOR MORE ON THIS POST: GO HERE:

Charted Below are all the closed sales in Clarkstown New York as reported by the Greater Hudson Valley MLS.  I have sorted these by the date the offer came in.  Look in the last column to the right under PD.  This charting shows near term trends in our market place.  Notice too the sold date column and how long many of these properties took to close.  This reflects the changes currently seen in mortgage qualifying and underwriting guidelines.


There were 123 sales since the beginning of 2008.

Of important note is that these closings track all the way back to December of 2006.  Be mindful that Not all of these offers came in in 2008.  Notice that 55 of these closed sales were written BEFORE 2008.  Thereforer the real number of new sales in 2008 is 68.  Divide 68 by four months of activity and you can readily see that an average of 17 properties per month have sold and closed.  In order to track market trends one needs to track PENDING SALES (PD in the chart below).  Notice too that PD have DECLINED in March/April.

     The Latest Figures for
Nanuet Condos are gathered below:

Read more »

ROCKLAND REAL ESTATE MARKET REPORT

APRIL 2008

Heres my current view of what the
markets are doing.

These numbers are for listings and sales ALL OVER Rockland County, not just one specific town, but in my opinion they give a very good picture of what our local real estate market is doing.

So here they are folks, hot off the press.  The March numbers.  Ive been anxiously
awaiting this data.  I checked every single day this month for the March figures. 
It takes about 3 weeks for the information to filter down from our local multiple listing
service (MLS). 

and, drumroll please ¦ here they are. 

The good news is that almost across the board, weve seen improvement.  The bad news
of course is that we really dont need any more inventory, but after all, it is only April. 
Keep in mind too, that although we saw more properties close in January, those were
sales most likely made back in the fall. 

Therefore, in my view, this is a very positive sign!

Figures compiled from The Greater Hudson Valley Multiple Listing Service
March Monthly Comparision Report. 

So Let a smile be your umbrella, the suns beginning to shine !

Would anyone care to comment ? 
Id love to know what yall think !