Sullivan County Real Estate
Beautiful, affordable, friendly and just 2 hours from New York City are the reasons so many New Yorkers choose Sullivan County for their second home getaway. We pretty much have everything you're looking for lakes, mountains, rivers, farms and that friendly, down home country welcome.
If you're not familiar with the area, or are just starting your search for Catskill real estate, I've put together a lot of information to give you a good introduction. Check out the links on the left you'll get a good feel for home prices, up-to-date market trends, areas of the county, and the most comprehensive source listings for Sullivan County real estate for sale. Be sure to read my Current Market Conditions for Sullivan County Real Estate (updated monthly) and What Houses Cost Here.
If you're looking for Sullivan County New York real estate, please drop me an email or give me a call and discover Sullivan County, the best value in Catskills real estate.
Sales Volume up 16.7% Year Over Year, But Prices Remain Relatively Flat
(November 2013) The good news is that sales volume continues to be much higher than a year ago. For the latest 3 month period ending Sept. 30th, the number of sales was up 16.7% over the same period a year earlier. This is the 7th month in a row with sales volume up 10% or more from the previous year.
Stronger demand, though, isn't yet translating into higher sales prices. For the latest 3 month period, the average sales price was up only 1.5% over the same period a year earlier, while the median sales price fell 5%. Median and average sales prices have been hovering right around their prior year levels for much of the year, confounding some sellers who are convinced that prices are galloping back up. But the data just doesn't support that.
The action continues to be in the low to moderate range, with the upper end still sluggish. For the latest 3 month period, there were only 2 sales closed above $500,000. (Currently there's nothing listed as "under contract" above $500,000 in Sullivan.) The lower end of the market has been galloping ahead, with 1/3 of the sales during the latest 3 month period under $100,000.
For the latest 3 month period, single family homes here sold for an average of 90.6% of asking price, the first time the bid to ask ratio has poked above 90% in a couple of years.
The sales picture thorugh the end of the year should be pretty strong, with about 150 houses under contract or with accepted offers.
|Current Listings**||Closed Sales Jul - Sep 2013|
|All Single Family Homes||$246,892||$162,008|
|Non-Lakefront 10+ Acres||$386,473||$285,450|
** Current Listings from the Sullivan MLS only. Closed sales includes Sullivan sales compiled from Sullivan MLS and Hudson Gateway MLS.