Happy 2011 everyone! Real Estate seems to be a constant topic of conversation when it comes to gatherings of all sorts. Around the holidays it seems we get out more often and I hear people asking “What’s the market doing?”, “Are you Selling anything?”. Maybe it’s because I spend a lot of time around people in the Real Estate business (my cross to bear) but all of my clients, past and present, are always interested.
Ulster County Real Estate is a real puzzle. Some areas/Townships show what could be deemed a comeback in 2010 when compared to prices in 2009 while other areas/Townships stumbled, let me show you what I mean. The following statistics were compiled from Sold Residential Listings in the MLS of Ulster County, Inc..
The median sale price of a residential listing in the Town of Saugerties rose from $186,000 in 2009 to $215,250 last year, that’s an increase of almost 16%! In the Town of Woodstock the median sale price plummeted from $300,000 in 2009 to $260,000 last year which represents a decrease in excess of 13%. While in the City of Kingston the median sale price of a residential property remained virtually unchanged moving from $156,300 in ’09 to $156,750 last year. Strange stuff huh?
The only thing that the Town of Saugerties, the Town of Woodstock and the City of Kingston had in common was that the number of units Sold decreased from 2009 to 2010 in each case. Minutely in the City of Kingston, going from 148 units sold in “09 to 144 in 2010. Moderately in the Town of Woodstock moving from 95 units sold in ’09 to 86 sold last year. And substantially in the Town of Saugerties having sold only 88 residentially listed properties last year compared to 102 units sold in 2009.
We’ll keep it at that for now and talk more about Real Estate in Ulster County, including the Townships of New Paltz and Marbletown in the next installment. Feel free to call, text or email me with any questions or comments. Until next time,
Edwin J. Maldonado, ABR, GREEN, GRI
NYS Licensed Real Estate Broker-Associate
Murphy Realty Group / 845.338.5252
845.389.8555 (Call or Text)