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
Serving Clifton Park NY and the entire Albany NY Capital Region
Lewis Beynon, REALTOR
Prime Property Solutions, LLC
(518)281-3951 LewisB@nycap.rr.com
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.