Rockland County Real Estate Perspective

For the last six months of the 2008, I posted weekly market statistics for Rockland County. In preparing my 2008 year end real estate market report, I realized that a monthly overview would be a lot more compelling than a weekly report. It's easier to see trends with more information, and a high ...

You've undoubtedly heard, and it bears repeating yet again: Real estate is a local business. The scary housing headlines heard on CNN or read in the papers are national in scope and usually are based on a national average or single point of reference which doesn't accurately portray the situation...

Picture Perfect CottageBedrooms: 2Bathrooms: 1.1Acres: .10Year Built: circa 1904Parking: Off-street, 2 carsLocation: Upper NyackOffered at: $399,000 Picture yourself living in this adorable circa 1904 three-story cottage nestled on a hillside in a quiet Upper Nyack neighborhood. People who have s...

Back from and end of the year vacation, and back into the swing of things. Catching up on the real estate market snapshots for Rockland County for the end of 2008, and working on a year end picture. In December 2008, we saw a substantial drop in the number of active listings. Many listings that e...

I am more than 12 hours late posting this blog entry. I usually put the weekly market snapshop up early on Sunday mornings. I am late today due to the holidays. That's all I'll say, because I'm tired. And just a bit cranky. However, always the optimist, I am beginning to think that the spring rea...

The big news this week is the potential for interest rates for new mortgage loans to drop to the mid-4's. In theory, that should bring buyers who are sitting on the fence into the marketplace. Good news for sellers in Rockland County. (And buyers, too!) The mortgage professionals I've spoken with...

Happy Week's End. Or Happy Week's Beginning, if you're more of an optimist! Once again this week, the active inventory of single family homes for sale in Rockland County NY is down -- by 10.6% since the end of October. Since last week, 77 listings or 6.2% of single family homes have expired, and ...

This week, there was a 13% drop in the average sale price for single family homes in Rockland County -- a pretty significant decline. Taking a look at the numbers behind the average, I see that the justifiably lower priced homes are selling (I say "justifiably lower priced" due to condition and l...

The number of single family homes on the market in Rockland County, NY has declined by 9.5% since the end of October, in my mind signaling the beginning of the traditional holiday slow down. This decline in the number of homes for sale also underlines the importance of serious sellers getting on ...

The numbers held steady this week in Rockland County, NY. I've added a new report metric, Price Revisions. I think it's important to watch over time how many homes are undergoing price revisions because it helps anticipate a trend in sales prices over the upcoming three months. My strong sense is...