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Health & Fitness

Rockland County Real Estate Market Report-4th Quarter

The Rockland County Market Report for the 4th quarter of 2013 is in! The real estate market in Rockland has continued to rise and home sales have increased; continuing a two-year trend of sustained buyer demand.  This past year, the industry saw the highest sales in six years and the largest year-on-year sales increase in almost 10 years.

There were 384 sales closed on single-family homes, averaging a selling price of $405,725. The average price per square foot was $189.

 Activity: Sales activity finished strong in 2013! It sure was an impressive year of growth within Rockland County. The 4th quarter saw the number of sales increase 10.3% from 2012’s 4th quarter. Marking the 7th straight quarter with year-on-year sales increase. Also, this was the first time in nearly a decade that yearly sales growth exceeded 10%. Rockland County’s real estate market is moving in the right direction!

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Prices: There has not been much of an impact on pricing with regards to the increase in demand.  The 4th quarter prices of 2013 were mixed at the best compared to that of last year. The average price was down less then 2%. However the prices for the year overall results were slightly better, up 1.9% on average.  Prices are believed to increase a bit in 2014.

I am hopeful that the market in Rockland County has turned a corner for the better.  Buyer demand led transactions to increase over 15% compared to 2012. The past year has seen the highest yearly transactional growth since 2007. It is just a matter of time before we begin to see price appreciation in Rockland. For further detailed information on the 4th quarter Rockland County real estate market please do not hesitate to contact me at the contact information below.

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Greetings Patch readers, my name is Linda DeFilippo and I am a Real Estate Agent with Better Homes & Gardens Rand Realty in Nanuet, NY. This blog will discuss current news and trends within the real estate industry. If you have any real estate questions, please feel free to Call me at (845)825-7373 or Email me at linda.defilippo@randrealty.com

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