The above chart is one of my favorites. It shows, month by month, how many homes went into contract in Nanuet. In other words, how many buyers are buying each month. The lackluster ‘Spring Market’ had many sellers worrying that their homes would never sell. However, mortgage interest rates below 4 percent and increasing rent prices helped fuel the 2nd half positive trend. After the first quarter of 2012 we will look back to see if the trends continued upwards. (Let’s keep our fingers crossed!)
A short sale exists when a seller attempts to sell a home for less than the their current mortgage value. For instance if someone purchased a Nanuet Colonial in 2005 they probably paid near $650,000. With an 80 percent loan to value they would have financed $520,000. In 2011 that same Nanuet Colonial could effectively sell on the open market for $500,000. Putting aside closing costs and expenses the sellers would be short $20,000. ($520,000 loan minus $500,000 current value.) In the real estate world these sellers are also considered upside down or under water.
8 Nanuet houses have sold and closed within the first 2 months of 2011. Search Rockland Real Estate
Nanuet Condos For Sale
Nanuet Homes For Sale
The Nanuet population grew extensively in the 60’s and 70’s as New York families deployed from Brooklyn, The Bronx, Staten Island and Manhattan seeking a higher quality of life and more elbow room in lovely Rockland County. These families left their city stoops for cul de sacs. Amazingly many of the Nanuet homes didn’t have any heating systems at this time. At the early point of the century Rockland County Real Estate was mostly used as a summer getaway for city dwellers. Luckily these homes had fire places to keep residents toasty if they decided to stay for the winter.
Today it’s more than just the city escape that attracts home buyers to Nanuet and the Rockland County Real Estate market. The neighborhoods and diverse entrepreneurial spirit are alive and well in Nanuet. There are a plethora of restaurants, pubs and other recreational activities that appeal to residents.
The Rockland County Real Estate Market in Nanuet features appealing Nanuet Colonials, High Ranches, Split Levels, Cape cods, Condos, Townhomes and co-ops for sale. It is our mission to provide you with everything you will need to embark on a new beginning in a Nanuet home or a Rockland County home, condo, or townhouse or selling you current Nanuet condo or townhome.
www.nanuethomesandcondos.com has all kinds of Nanuet real estate information, extensive condo complex data and real estate statistics for the Hamlets (Knolls East, Eagle Ridge, Timberline, Treetop, Kingsgate at Vista) We also have video tours of different subdivisions including Lake Nanuet, Newport Estates, Briar Wood, and Tennyson Park.
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In 2011 home prices have come back to earth after sky rocketing with double digit appreciation between 2005 and 2007. These new affordable prices combined with historically low interest rates makes for the perfect storm for Nanuet Home buyers in Rockland County. So search our website now for all Nanuet Real Estate, Nanuet Homes for Sale, Nanuet Condos for sale and Nanuet Town houses for sale. All in the lovely confines of Rockland County NY. Brought to you by Rockland County Real Estate agent Mike Truiano, Nanuet’s Homegrown Realtor. Mike is part of the Better Homes and Garden Rand Real Estate team located at 95 South Middletown Road, Nanuet NY 10954. In addition to Rand’s listings we also provide you access to all Rockland County NY real estate broker’s listings. More importantly we provide you with Nanuet neighborhood research so that you have plenty of information to choose from while starting your Nanuet Real Estate search.
Mike Truiano- Nanuet’s Homegrown Realtor. “I am a lifelong Nanuet resident that takes great pride in assisting other Nanuet families”
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Nanuet Homes and Condos 