Capital District Real Estate, Lewis Beynon

The National Association of Realtors just announced a press release that indicates Pending Home Sales jumped 7.4% in August and is up 8.8% from last August. Obviously, buyers are taking advantage of lower home prices, higher inventory levels, and low interest rates. This is great news for Clifton Park and all of the Capital District Real Estate market.

Hard hit regions like California, Florida, and Arizona contributed nicely to this new level. The Northeast saw very similar numbers as the national results. In Clifton Park, we have been very fortunate in the past two years and have seen only modest declines (1%-3%) in median home prices.

So, if you are thinking about buying or selling your home, please give me a call so we can meet. NOW is the time to buy!!! I will be happy to provide you with a free consultation of your home and your neighborhood.

Thank you.

The Clifton Park - Halfmoon Public Library has successfully achieved LEED certification for its advanced environmental building design and operation. LEED, Leadership in Energy and Environmental Design, is a program sponsored by the US Green Building Council that sets specific design and performance criteria for green building design and operation. Certification comes only when the completed building demonstrates achieved performance to original design parameters.

This great building was designed by Woodward, Connor, Gillies, and Seleman Architects. They have designed several green buildings throughout New York State and have become the leader in this new green design arena. They have several ties to the Clifton Park area and all four gentlemen are graduates of RPI. For more information on the Clifton Park - Halfmoon Library please go to http://www.cphlibrary.org

If you need assistance with your move to the Clifton Park area, please let me know. It would be my pleasure to assist you.

Located in Upstate New York's Capital Region, the Town of Clifton Park nicely embodies all that is good about suburban living with a fresh blend of cosmopolitan sophistication in comparably scenic countryside and friendly, caring people making it A Good Place to Live, Work and Play. With a population of 35,000 residents, Clifton Park is considered one of the fastest growing suburbs in New York State. As a suburb of the New York State Capital, Albany, Clifton Park, is centrally located for the residents, visitors as well as vacationers who visit throughout the year. http://www.mapquest.com/maps?city=Clifton+Park&state=NY

One of the major features, that attracted my family to the area, is Clifton Commons. This is a single recreational facility that maintains 2 hockey rinks, 4 outdoor basketball courts, 6 full-sized soccer fields, 14 softball/baseball fields, a playground, a senior center, and an outdoor stage for plays and small concerts. this is a wonderful facility that hosts an international soccer tournament and the Babe Ruth World Series on a regular basis.

For more information, please visit www.cliftonpark.org

The Capital District Real Estate market is very stable when compared to most of the country. Mostly due to the fact that Albany, NY is the Capital of NY. It is also due to a lot of technology and research jobs in the market place. Universities and Colleges that support all this are: Rensselaer Polytechnic Institute (RPI), SUNY Albany, SUNY College of Nanoscale Science and Engineering, The Sage Colleges, St. Rose College, Siena College, Hudson Valley Community College, Skidmore College, and Union College. For a "small" town like Albany, this is a lot of schools.

If you ever have questions about our marketplace, pleasedo not hesitate to contact me directly.

Real estate in the Capital District is fairly stable when compared to other parts of the country. Partly because we did not see the dramatic increases in home prices that much of the country saw these last few years. The difficulty in our market is that many buyers now think they can "steal" listings because "the market is so bad right now!!!" So, buyers are slow to act and when they do want to buy they think they can go in very low. I did some analysis on 9/12/08 through the MLS and in the four counties of Albany, Schenectady, Rensselaer, and Saratoga the following single family statistics were compiled:

Active Listings: 5,406

YTD Sales: 4,669

Inventory: 9.8 months

Average List Price: $241,311

Average Sale Price: $234,772

Sales to List %: 97.3%

Average days on market: 81 days

If you have any questions about the Capital District Real Estate market, please be sure to let me know.

Thank you,

Lewis