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