Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 12

2011 Ulster County Real Estate Statistics

by Team Ulster





The final numbers are in for 2011 home sales in Ulster County.   Here are some highlights from the charts shown below:


• The number of homes sold in 2011 was 914, down from the high of 1,711 homes sold in 2005 – a 45% decline.

• Home sales in the $400,000 to $900,000 range declined by 61% from 2005 to 2011.

• In 2011, home sales were most active below $400,000, with sales under $100,000 being at their highest level in the last eight years.

• There was a 22% drop in the median price of homes from their high in 2007 of $250,750 to $199,000 in 2011.

• The number of days a house was on the market from listing to closing was 188 days in 2011, up from 126 days in 2004.

• It is a great time to buy a home, as interest rates are at their all-time low, and prices have dropped to there lowest level in 10 years.

 

The following charts were compiled based on information taken from the Ulster County Multiple Listing Service.

 

 

 

 


 

   

 

 

 

 

 

 

 

 

 

Ulster County Real Estate Statistics, First Half 2011

by Ben Shor

The following statistics were taken from the Ulster County Multiple Listing Service (MLS). These statistics include all single family homes sold in Ulster County that were listed on the Ulster County MLS. We will be comparing statistics for the first half of 2011 with the first half of 2010.

 

You will see that there were major changes in the Ulster County real estate market when you compare the first half of 2010 with the first half of 2011. After two years of stable prices, there has been a noticeable drop in the median price of single family homes during the first six months of 2011. In addition, the number of homes sold has decreased significantly, single family homes are on the market longer, and they are selling for a lower sale price to list price ratio.

The median sold price for single family homes decreased by about 9% when comparing the first half of 2010 to the first half of 2011, from $214,000 to $195,000.

The number of single family homes sold in the first half of 2011 decreased by about 28% when comparing the first half of 2010, from 509 to 369. You may remember that during the first half of 2010, there was an 8% tax credit for first-time home buyers, which expired at the end of May 2010. During the first half of this year, there was no tax credit, which reduced the urgency to buy.

The sale price to list price ratio decreased by about 2% when comparing the first half of 2010 to the first half of 2011, from 93.89 to 92.07%. That means that in 2011 the average single family home sold for about 8% less than the final listing price for that home.

The number of days a sold house was on the market from the time it was listed until the closing date, increased by 14 days (about 8%) when comparing the first half of the first half of 2010 to 2011, from 180 to 194.

The number of single family homes listed in the first half of 2011 decreased by about 5% when comparing the first half of 2010, from 1,656 to 1,579.

The average sold price for single family homes increased by about 12% when comparing the first half of 2010 to the first half of 2011, from $234,563 to $261,861. The main reason for the increase in average price is the greater number of homes sold for over $500,000. In the first half of 2010, ten homes sold for $500,000, and in the first half of 2011, 23 homes sold for over $500,000.

2010 Ulster County Real Estate Statistics

by Team Ulster

The following statistics were taken from the Ulster County Multiple Listing Service (MLS). These statistics include all single family homes sold in Ulster County that were listed on the Ulster County MLS. We will be comparing statistics for the full 2010 year with the previous year’s statistics.

There was little change in Ulster County real estate statistics from 2009 through 2010. Average and median prices for single family homes changed very little, as did the number of listings, number of listings sold, days-on-market, and the sale price to list price ratio.

The average sold price for single family homes decreased by about 1% from 2009 to 2010, from $246,729 to $243,537.

The median sold price for single family homes stayed the same from 2009 to 2010, at $215,000.

The number of days a sold house was on the market from the time it was listed until the closing date, increased by 3 days (about 2%) from 2009 to 2010, from 171 to 174.

The sale price to list price ratio increased by less than 1% from 2009 to 2010, from 93.33% to 93.68%. That means that in 2010 the average single family home sold for about 6% less than the final listing price for that home.

The number of single family homes listed in 2010 increased by about 1% from 2009, from 2,798 to 2,826.

The number of single family homes sold in 2010 increased by about 2% from 2009, from 972 to 989.

In 2011, with stable prices for single family homes and low interest rates that are slowly on the rise, this is a good time to buy.

Ulster County Real Estate Statistics Third Quarter 2010

by Team Ulster

The statistics shown below were taken from the Ulster County Multiple Listing Service.  

Comparing sales from January 1, 2010 thru September 30, 2010 with sales from the same time period in 2009, there has been an increase of 114 homes sold, a 15% increase.  The average sale price stayed about the same, decreasing by about $650 from $239,120 to $238,486.  The median sale price increased from $200,700 to $238,486, a 19% increase. Sales increased in most price categories, except for sales of homes over $500,000, which stayed about the same.

When you compare sales for the January 1, 2010 thru September 30, 2010 with sales from 2008, there have been appreciable drops in average and median sale prices.  The average sale price dropped from $292,437 to $238,486, a 22.7% decrease.  The median sale price dropped from $240,000 to $210,000, a 14.3% decrease.

The average and median sale price for 2010 is slightly lower than what it was in 2004!  But with prices remaining fairly stable for the past year and nine months, perhaps we have hit the bottom of the market. 

Year

Number of

Average sale

Median sale

 

units sold

price

price

2001

660

$170,241

$137,000

2002

1544

$185,400

$150,000

2003

1526

$216,119

$180,000

2004

1786

$250,572

$215,000

2005

1883

$279,239

$245,000

2006

1657

$283,288

$247,000

2007

1563

$300,742

$250,000

2008

1200

$288,758

$239,200

2009

1184

$241,065

$209,000

2010 YTD

776

$238,075

$210,000

_______________________________________________________________

Year

Number of

Average sale

Median sale

1/1/10 - 9/30/10

units sold

price

price

 

890

$238,486

$210,000

Low sold

23,500

 

 

High Sold

2,150,000

 

 

0-$100,000

89

 

 

$101K - $200K

323

 

 

$201K - $300K

275

 

 

$301K - $400K

117

 

 

$401K - $500K

50

 

 

$501 - 1mill

32

 

 

1mill +

4

 

 

% over $1M

0.4%

 % under $300K

77.1%

_______________________________________________________________

 

Year

Number of

Average sale

Median sale

1/1/09 - 9/30/09

units sold

price

price

 

776

$239,120

$200,700

Low sold

23,500

 

 

High Sold

1,700,000

 

 

0-$100,000

91

 

 

$101K - $200K

290

 

 

$201K - $300K

226

 

 

$301K - $400K

92

 

 

$401K - $500K

38

 

 

$501 - 1mill

34

 

 

1mill +

5

 

 

% over $1M

0.6%

 % under $300K

78.2% 

Ulster County Real Estate Sales Statistics

by Team Ulster

The statistics shown below were taken from the Ulster County Multiple Listing Service.  

Comparing sales from January 1, 2010 through July 15, 2010 with sales from the same time period in 2009, there has been an increase of 160 homes sold, a 33.6% increase.  The average sale price decreased from $240,296 to $235,503, a 2% decrease.  The median sale price increased from $206,730 to $209,875, a 1.5% increase. Sales increased for homes in every price category, except for the lowest and highest priced homes, those priced under $100,00 and over $501,000.

When you compare sales for the January 1, 2010 through July 15, 2010 with sales from 2008, there have been appreciable drops in average and median sale prices.  The average sale price dropped from $300,999 to $235,503, a 27.8% decrease.  The median sale price dropped from $245,000 to $209,875, a 16.7% decrease.

The average and median sale price for 2010 is slightly lower than what it was in 2004!  But with prices remaining fairly stable for the past year and a half, perhaps we have hit the bottom of the market.  

  

Ulster County Multiple Listing Sales Stats 1/1/2001 - 7/15/2010
Year Number of Average sale Median sale
  units sold price price
2001 660 $170,241 $137,000
2002 1544 $185,400 $150,000
2003 1526 $216,119 $180,000
2004 1786 $250,572 $215,000
2005 1883 $279,239 $245,000
2006 1657 $283,288 $247,000
2007 1563 $300,742 $250,000
2008 1200 $288,758 $239,200
2009 1184 $241,065 $209,000
2010 YTD 636 $235,503 $209,875

 

Year Number of Average sale Median sale
1/1/10 - 7/15/10 units sold price price
  636 $235,503 $209,875
Low sold 20,000    
High Sold 2,150,000    
0-$100,000 53    
$101K - $200K 184    
$201K - $300K 163    
$301K - $400K 70    
$401K - $500K 24    
$501 - 1mill 17    
1mill + 2    
% over $1M 0.003% % under $300K

78.10%

 

 

Year Number of Average sale Median sale
1/1/09 - 7/15/09 units sold price price
  476 $240,296 $206,730
Low sold 23,500    
High Sold 1,300,000    
0-$100,000 61    
$101K - $200K 174    
$201K - $300K 132    
$301K - $400K 60    
$401K - $500K 19    
$501 - 1mill 26    
1mill + 4    
% over $1M 0.80% % under $300K 76.80%

 

Year Number of Average sale Median sale
1/1/08 - 7/15/08 units sold price price
  461 $300,999 $245,000
Low sold 20,000    
High Sold 3,200,000    
0-$100,000 28    
$101K - $200K 174    
$201K - $300K 200    
$301K - $400K 93    
$401K - $500K 46    
$501 - 1mill 41    
1mill + 13    
% over $1M 2.18% % under $300K 67.50%

 

The following chart is broken down by Ulster County town, for the period January 1, 2010 through July 16, 2010.  It lists the number of units sold, the average list price prior to sale, the average sold price, a comparison of these two figures, and the average days a listing is on market, beginning with the listing date and ending with the sold date.

Woodstock had the highest average list and sold prices for Ulster County, and the Village of Ellenville had the lowest average list and sold prices.  Rosendale had the highest ratio of sold price compared to list price, and Ellenville had the lowest ratio.  Marlborough had the highest number of days on market, and Hurley had the lowest.

 
LIST TO SELL RATIO BY TOWN, January 1, 2010  -  July 16th, 2010
TOWN UNITS AVERAGE AVERAGE % LIST AVE. DAYS
  SOLD LIST PRICE SOLD PRICE TO SELL ON MARKET
Denning 0 $273,766     0
Ellenville Village 7 $142,942 $127,700 89.34% 251
Esopus 34 $194,844 $183,840 94.35% 240
Gardiner 22 $323,572 $312,231   146
Hardenburgh 0 $150,000      
Hurley 41 $264,590 $248,571 93.95% 131
Kingston City 90 $174,345 $163,416 93.73% 186
Kingston Town 3 $253,800 $236,660 93.25% 169
Lloyd 35 $223,353 $212,011 94.92% 160
Marbletown 35 $350,080 $313,195 89.46% 178
Marlborough 6 $291,050 $276,166 94.89% 261
New Paltz 43 $310,013 $293,973 94.83% 136
Olive 24 $240,935 $226,820 94.14% 214
Out of County 67 $277,726 $259,300 93.37% 214
Plattekill 14 $229,364 $213,600 93.13% 187
Rochester 34 $237,585 $221,848 93.38% 221
Rosendale 17 $175,897 $170,620 97.00% 156
Saugerties Town 41 $267,621 $245,565 91.76% 172
Saugerties Village 10 $192,110 $182,350 94.92% 150
Shandaken 13 $238,476 $224,153 93.99% 189
Shawangunk 8 $287,943 $279,159 96.95% 140
Town of Ulster 35 $190,525 $180,775 94.88% 182
Wawarsing 16 $166,250 $151,368 91.05% 209
Woodstock 41 $393,170 $358,387 91.15% 176

Ulster County Real Estate Statistics from NAR

by NAR

The National Association of Realtors (NAR) puts together every six months, real estate statistics for Ulster County, New York, based on information they get from the Ulster County Board of Realtors, the Ulster County Multiple Listing Service, and the local and national government.  This includes statistics and information about real estate sales, mortgages, foreclosures, employment, and unemployment in Ulster County, New York

To see the full report from NAR, CLICK HERE.

Ulster County Real Estate Statistics 5/15/10

by Team Ulster
Ulster County Multiple Listing Sales Stats 1/1/2001 - 5/15/2010   Year Number of Average sale Median sale
Year Number of Average sale Median sale   1/1/08 - 6/15/08 units sold price price
  units sold price price     461 $300,777 $240,000
2001 660 $170,241 $137,000   Low sold 20,000    
2002 1544 $185,400 $150,000   High Sold 3,200,000    
2003 1526 $216,119 $180,000   0-$100,000 22    
2004 1786 $250,572 $215,000   $101K - $200K 136    
2005 1883 $279,239 $245,000   $201K - $300K 158    
2006 1657 $283,288 $247,000   $301K - $400K 70    
2007 1563 $300,742 $250,000   $401K - $500K 32    
2008 1200 $288,758 $239,200   $501 - 1mill 33    
2009 1184 $241,065 $209,000   1mill + 10    
2010 YTD 379 $239,797 $209,000   % over $1M 2.10% % under $300K 68.50%
                 
                 
                 
Year Number of Average sale Median sale   Year Number of Average sale Median sale
1/1/09 - 6/15/09 units sold price price   1/1/10 - 6/15/10 units sold price price
  346 $240,574 $197,500     513 $237,207 $210,000
Low sold 34,900       Low sold 20,000    
High Sold 1,300,000       High Sold 2,150,000    
0-$100,000 48       0-$100,000 53    
$101K - $200K 127       $101K - $200K 184    
$201K - $300K 91       $201K - $300K 163    
$301K - $400K 44       $301K - $400K 70    
$401K - $500K 13       $401K - $500K 24    
$501 - 1mill 20       $501 - 1mill 17    
1mill + 3       1mill + 2    
% over $1M 0.80% % under $300K 76.80%   % over $1M 0.003% % under $300K 77.90%
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 

The statistics shown below were taken from the Ulster County Multiple Listing Service.  

Comparing sales from January 1, 2010 thru April 24, 2010 with sales from the same time period in 2009, there has been an increase of 70 homes sold, a 31.5% increase.  The average sale price increased from $232,509 to $241,285, a 3.7% increase.  The median sale price increased from $190,000 to $209,120, a 10% increase. Sales increased in every price category, except for sales of homes over $1 million.

Comparing sales from January 1, 2010 thru April 24, 2010 with sales from all of 2009, the average and median sale prices were almost exactly the same. 

When you compare sales for the January 1, 2010 thru April 24, 2010 with sales from 2008, there have been appreciable drops in average and median sale prices.  The average sale price dropped from $288,758 to $241,065, a 16.6% decrease.  The median sale price dropped from $239,200 to $209,120, a 12.6% decrease.

The average and median sale price for 2010 is slightly lower than what it was in 2004!  But with prices remaining fairly stable for the past year and four months, perhaps we have hit the bottom of the market. 

 

 

Year

Number of

Average sale

Median sale

 

units sold

price

price

2001

660

$170,241

$137,000

2002

1544

$185,400

$150,000

2003

1526

$216,119

$180,000

2004

1786

$250,572

$215,000

2005

1883

$279,239

$245,000

2006

1657

$283,288

$247,000

2007

1563

$300,742

$250,000

2008

1200

$288,758

$239,200

2009

1184

$241,065

$209,000

2010 YTD

292

$241,285

$209,120

 

  

Year

Number of

Average sale

Median sale

1/1/10 - 4/24/10

units sold

price

price

 

292

$241,285

$209,120

Low sold

23,500

 

 

High Sold

1,500,000

 

 

0-$100,000

36

 

 

$101K - $200K

101

 

 

$201K - $300K

82

 

 

$301K - $400K

39

 

 

$401K - $500K

20

 

 

$501 - 1mill

13

 

 

1mill +

1

 

 

% over $500K

4%

 

 

 

 

Year

Number of

Average sale

Median sale

1/1/09 - 4/24/09

units sold

price

price

 

222

$232,509

$190,000

Low sold

30,500

 

 

High Sold

1,300,333

 

 

0-$100,000

35

 

 

$101K - $200K

85

 

 

$201K - $300K

58

 

 

$301K - $400K

24

 

 

$401K - $500K

7

 

 

$501 - 1mill

10

 

 

1mill +

3

 

 

% over $500K

6%

 

 

 

 

Year

Number of

Average sale

Median sale

1/1/08 - 4/24/08

units sold

price

price

 

304

$291,228

$237,250

Low sold

20,000

 

 

High Sold

1,493,500

 

 

0-$100,000

15

 

 

$101K - $200K

88

 

 

$201K - $300K

102

 

 

$301K - $400K

50

 

 

$401K - $500K

22

 

 

$501 - 1mill

21

 

 

1mill +

6

 

 

% over $500K

9%

 

 

 

Ulster County Real Estate Statistics for 2009

by Team Ulster

The following statistics were taken from the Ulster County Multiple Listing Service (MLS).  These statistics include all single family homes sold in Ulster County that were listed on the Ulster County MLS.  We will be comparing statistics for the full 2009 year with the previous year’s statistics.

The average and median price for single family homes sold in 2009 decreased considerably from 2008. 

One of the major reasons for this decline was the federal government offering an $8,000 tax credit to first-time homebuyers in 2009.  As a result, many of the homes sold were to first-time homebuyers, and these buyers tend to purchase lower-priced homes.  This brought down the average and median price of sold homes in 2009.

Another reason for the decline in prices was the “great recession” that began in late 2008.  Existing and prospective homeowners suffered major losses of income and deep declines in the value of their investments.  As a result, some homeowners had to sell because they could no longer afford to maintain their home, and some homebuyers had less money to purchase a home.  This brought about downward pressure on home prices.

The average sold price for single family homes decreased by about 17% from 2008 to 2009, from $297,505 to $246,530.

The median sold price for single family homes decreased by about 22% from 2008 to 2009, from $245,000 to $215,000.

The number of days a sold house was on the market from the time it was listed until the closing date, increased by 9 days (about 6%)  from 2008 to 2009, from 162 to 171.

The sale price to list price ratio decreased by less than 1% from 2008 to 2009, from 93.80% to 93.33%.  That means that in 2009 the average single family home sold for about 7% less than the final listing price for that home.

The number of single family homes listed in 2009 decreased by about 5% from 2008, from 2,945 to 2,807.

The number of single family homes sold in 2009 increased by about 1% from 2008, from 960 to 971.

Ulster County Real Estate - Podcast Transcript

by Team Ulster

 

Joe: team ulster, a Prudential Nutshell Realty, is proud to present the Ulster County Real Estate Podcast.

 

Can you believe these mortgage rates? Welcome to the January edition of our podcast. From Wall Street to Main Street, loan mortgage rates have created some great opportunities in our local market. Stay tuned as we discuss recent market trends and strategies for getting the best loan possible. It's all coming up next.

 

We're here today with team ulster from Prudential Nutshell Realty. What's happening right now in the Ulster County real estate market?

 

laurel sweeney: Hi, Joe. Well, I beg to give you some information about our local real estate market. I've been taking a close look at the statistics and have some really interesting information for both buyers and sellers. The average selling price for a home in Ulster County in 2007 was $302,000. In 2008, the average selling price is $290,000. In 2007, we sold 1,387 homes and in 2008, 1,038 homes. The above represents a decrease in the number of homes sold in the past 12 months at 25%. The decrease, as an average in meeting sell prices, were only 4% and 5%, respectively, in a year where the Standard & Poor index lost 38%.

 

These statistics should also be compared to the National Association of Realtors. Which shows a national median home price decrease of 21.7% from July '06 to November '08. Here in Ulster County, homes, actually, had a net increase during the same time period. The relatively stable market for homes in Ulster County is in no small part due to our connection with New York City. It's also our strong commitment here to reasonable development and subdivision of land. We've not had an over abundance of new construction over the last 10 years as compared to many other areas of the country, which are now suffering.

 

It's now a great time to be a home buyer with the greatest selection in a decade. A wide variety of inventory from which to choose. We also have the lowest number of foreclosed homes in all of New York State. Of course, mortgage money is available at near record low interest rates. The Federal government is also offering a first time homebuyer tax credit of $7,500 for home purchased before July 1st. In addition, we've got motivated sellers ready and needing to move. Most importantly, this is the opportunity of a lifetime to accumulate wealth through home ownership.

 

Joe: OK, thanks. For a national perspective today, we're also joined by Terry Murphy, real estate author and columnist from US Learning in Memphis, Tennessee. Terry, share with us what you're seeing nationally.

 

Terry Murphy: Joe, for many of us, 2008 was a difficult year. It presented a number of challenges for the economy. But fortunately, there are already things and positive action in 2009 and this really bodes well for our local real estate market as we ring in the New Year.

 

Now, for instance, a Federal Reserves decision to lower interest rates has made things, considerably, easier for homebuyers and homeowners who need to refinance. This would, significantly, impact housing sales, home valuations, and the nation's overall economy. As a result, mortgage rates, which have averaged about 6.3 in the third quarter of last year, had, recently fallen into the 4% range in some parts of the country and this is the lowest rate in nearly 50 years. This will bring buyers back to the market.

 

Now, this is, perhaps, the best buyer's market in modern history with higher inventories, slower window activity, and low, low interest rates. Wow! There are a lot of factors that play here. The key to all of these, Joe, is that buyers must be credit worthy. Credit regulations have shifted, and our definition of credit worthiness has changed as well. Buyers should do everything they can to maintain and guard their credit rating and take advantage of today's opportunities.

 

Joe: Thanks, Terry. These changes in credit will have an impact on everyday buying and selling. Laurel, how do you advice your clients?

 

Laurel: Joe, it is becoming increasingly important for our buyers to maintain good credit when applying for a mortgage. The higher your credit score, the lower your interest rate. We have a number of reliable mortgage planners to call on who help us find the best loan for our clients. Then, it's a matter of the buyer doing their part.

 

Joe: What can a buyer do to make sure they're qualified for the best rate?

 

Laurel: My first suggestion would be to review your credit report for accuracy. The three main credit reporting agencies - Experian, Equifax, and TransUnion - will provide a free report each year just for the asking. It's a great program and here's a tip when ordering your reports. Instead of ordering all three reports at once, consider staggering your request throughout the year. Which will allow you to check your reports more frequently. Any mistakes on your report should be corrected immediately.

 

Second, make sure you pay your bills on time. This is huge. Up to 35% of our credit score is based on our payment history. Even if you've had a rough spot in the past, you can still bring up a low score by simply paying your bills each month.

 

Joe: What else can people do?

 

Laurel: Buyers should do their best to manage their existing credit accounts and reduce their debts. It's great if you can pay off your outstanding accounts, but it's not critical. Banks just want to see people manage their accounts responsibly.

 

Terry: You know, Joe, that's a great point. Having a few open accounts will not hurt you as long as you're not abusing them. On the other hand, Joe, closing down accounts may look bad if done right before applying for your loan.

 

Laurel: That's right. We should also note that mortgage companies are looking for ways to help. There are great programs out there, even if you have less than perfect credit. Perspective buyers owe it to themselves to contact us for more details. We're more than happy to help.

 

Joe: Great. We'll share your contact information next. Thanks so much for helping us with today's program.

 

Laurel: You're welcome, Joe. We'll talk next month.

 

Joe: For more information on our program or for information on the Ulster County real estate market, contact team ulster from Prudential Nutshell Realty. You can reach them at 845-687-2200. You can also find Team Ulster online at www.UlsterCountyHouse.com. Until next time, thank you for listening to the Ulster County Real Estate Podcast.

 

 

Displaying blog entries 1-10 of 12

Contact Information

Photo of Laurel Sweeney Real Estate
Laurel Sweeney
Berkshire Hathaway HomeServices Nutshell Realty
1209 State Route 213, PO Box 452
High Falls NY 12440
Office: 845-687-2200
Toll Free 877-468-5783
Fax: 845-687-4162

© 2016 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.®.  Equal Housing Opportunity.