Clifton Park and Albany NY Homes for Sale: Saratoga Springs, NY Real Estate Market Update

Saratoga Springs, NY Real Estate Market Update

Listed below is the YTD Market Statistics for the Saratoga Spring School District.  As you will see unit sale are off dramatically (24.7%), but surprisingly, prices are "only" down 7.2%.  What I find interesting is that just a few miles down the road, in the Clifton Park School district, unit sales are down 10.3% and prices are down 3.5% (see my Clifton Park post HERE).  This clearly illustrates that buyers and sellers need to utilize the services of a real estate professional to make sure they know what is happening in the neighborhood and town.  Please don't listen to the National news and think this directly applies to your home or search.  After all, we all know the news outlets are "paid" to sensationalize everything!

  YTD '08 YTD '09 % Change
Units 453 341 -24.7%
Avg List $369,509 $343,737 -7.0%
Avg Sale $355,726 $330,088 -7.2%
% to List -3.7% -4.0%  
DOM 95 105 10.5%

Best wishes from upstate NY.  Lewis Beynon, Prime Property Solutions, 518-281-3951, www.LewisB.com

 Capital District Real Estate

 

Serving Raleigh NC and the Greater Triangle Region

Lewis Beynon, Broker

Norris Team of Century 21 Triangle Group

(919)475-6329    LewisB@norristeam.com

FREE Home Search @ www.LewisB.com

Comment balloon 1 commentLewis Beynon • November 18 2009 08:44AM

Comments

Lewis: It is always important to ask for the professional advice of a Realtor familiar with your market area about the value of your home.  Home values can fluctuate seasonally and you certainly wouldn't want to throw money out the window needlessly.

We see the same sort of things happening in our local neighborhoods. Some hold their value better than others.....mostly driven by supply and demand.

Posted by Bonnie & Terry Westbrook, Grand Rapids MI Real Estate (Westbrook Realty) about 8 years ago

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