Nanuet Homes and Condos

Better Homes & Garden Rand Realty. Michael Truiano 845-480-2366, Nanuet NY 10954

2016 Nanuet Half time report

Leave a comment Posted by on July 19, 2016

2016 NANUET REAL ESTATE HALF TIME REPORT

  • 44 Nanuet homes sold in the 1st half 2016 (up 10% from 2015)
  • The average Nanuet SOLD price in the 1st half was $411,429
  • This was a 3% decrease from 1st half 2015($424,943)
  • The average ASKING price on Nanuet homes sold was $426,642
  • On average, homes that did sell, sold for $203 per square ft.
  • The highest Nanuet sale YTD: 25 Atlantic Ave, $660,000.

Average sold price by home style:

Colonial $489,833
High Ranch/Bi-level $406,750
Capecod $355,750
Split level $380,800
Ranch $335,720

Average Nanuet Sold price by # of bedrooms:

3 bedrooms $344,003
4 bedrooms $413,853
5 bedrooms

$511,666

 

 

2016 NANUET REAL ESTATE HALF TIME REPORT

It is time for my Nanuet Half Time Report. The market got off to a quick start this year with the help of a mild winter. Without any real snow storms this year, buyers accelerated the “spring market” into mid-February. As the market unfolded this spring, it became clear that Nanuet was divided into two market segments.

We are seeing a seller’s market in Nanuet for entry level homes and average size properties. (3-4 bedrooms, splits, ranches and bilevels.) With limited inventory available to meet this criteria, buyers were facing strong competition, multiple offers and full price offers. Homes in the $300’s and low $400’s moved quickly.

However, in the buy-up market, up-size homes (ie- colonials, 2500 square feet plus homes) have seen little movement and lots of available inventory. It is still very much a buyer’s market for larger homes in Nanuet. Most of the feedback we get in this market is that other colonials in New City, Pearl River and South Orangetown can be purchased with much lower property taxes than Nanuet. (A strong reason to try grieving your taxes next spring.)

We also saw the average DAYS ON MARKET statistic increase this year. We are currently averaging 180 days on market compared with 168 days as of this time last year.

Are you thinking of selling your home in the near future? Now may be the ideal time. Buyers often pay a premium this time of year to ensure they are in their new home for the September school year. As always, you can call me at 845-480-2366 to discuss any real estate questions.

 

 

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