The latest Current Market Conditions report is up, with sales through Dec. '08. The picture is far from rosy, with annual single family home sales volume in the Sullivan MLS running at about a 400 rate and closed sales prices hovering right around late 2004 levels. There is some good news — asking prices are finally dropping, many sellers seem more flexible, and there has been some pick-up in buyer interest, particularly in "good value" properties.
David Knudsen
- Licensed Associate Broker
Catskills Buyer Agency
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Phone 845-468-5710 (H)
Email: davidk@beechwoods.net
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Liberty, NY 12754
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January 15, 2009
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I see Rats fleeing a sinking ship in this country!!
Posted by: Julio | January 22, 2009 at 12:43 PM
I see people buying assets cheap. Or I guess you could wait until everyone else is buying.
Posted by: rod | January 23, 2009 at 12:14 AM
Keep DREAMING rod
There is nothing to buy that makes it worthwhile.
In a couple of years, NO-one will be buying
Everyone will be SELLING
Posted by: Chris | January 23, 2009 at 08:46 AM
Good morning all,
It's Friday and here are the four week closing figures.
I wish I could sugarcoat this - but to quote our host -
"it ain't pretty".
B.
P.S.
And to respond to Rod -
============
"I see people buying assets cheap. Or I guess you could wait until everyone else is buying."
Posted by: rod | January 23, 2009 at 12:14 AM
===========
Most people - en masse - never buy cheap or at the bottom. They are too fearful that prices will continue to drop. Some brave individuals that have capital and time might venture in to the marketplace - but not the general public - most buy when the price is too high and the value is already baked in.
Onwards...
=========================================================
12/26/2008 through 1/23/2009
CLOSED sales - Within Sullivan County, NY
==========================================================
MEDIAN: $87,450
AVERAGE: $110,710
==========================================================
* 60% of closed sales were either in the
townships of Liberty, Thomson or Fallsburgh.
* The top price for the monthly time period
was $275,000.
*Of those houses that sold over 200k - 83%
(5) were either in Tusten, Highland or Cochecton.
============================================================
Posted by: B. | January 23, 2009 at 09:28 AM
Welcome back Jimmy Carter Days!!
Posted by: Jimmy | January 23, 2009 at 12:25 PM