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About Dutchess County, NY

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Are you a Veteran or Active Military? Use a VA Loan to Purchase your Home!

07-09-09
Steve Hawk
Steve Hawk: Loan Officer in Pawling, NY
  • view my blog
  • Office: (914) 696-3400 x239
  • Mobile: (845) 612-9620

If you're a retired veteran or active military, you are eligible for the best mortgage program on the market today! A VA Loan. Benefits of a VA Loan are:

  • No Downpayment Required -- 100% Financing (only program in today's market that offers this benefit)
  • A 4% Seller Concession is allowed, to pay for certain closing costs (less out of pocket funds required at closing)
  • No PMI (Private Mortgage Insurance) -- although an upfront funding fee is required and can be financed or paid by the seller concession
  • Interest rates similar to FHA rates (yesterday's rates were under 5.50%!)

Prospective borrowers still need to qualify based on income and credit, and must live in the home as their primary residence. If you're furtunate to qualify for VA financing, take advantage of this great program to purchase your new home (or refinance to a lower interest rate). If you live in Dutchess or Putnam county, or anywhere in NY for that matter, contact me for a free consultation.

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Dutchess County Real Estate Market Report - June 2009

07-09-09
Jennifer Fivelsdal, Fishkill NY
Jennifer Fivelsdal, Fishkill NY: Real Estate Agent in Rhinebeck, NY
  • view my blog
  • Office: (845) 249-2945
  • Mobile: (845) 594-9947
  • Secondary: (845) 758-6842

I think there is more optimism about the real estate market in Dutchess County. We are definitely seeing more potential buyers entering the marketplace. Could it be due to the fact there are more good buys out there ? or the time to take advantage of the $8000 tax credit is getting shorter? I have also noticed that some sellers are now adjusting to the shift in the market and is pricing with that in mind.

  • Good to see offers at the beginning of the month up by 13% over same time last year, going from 145 to 165
  • Another noteworthy number is the sales dollar volume which is down 28.9% from same time last year, going from $52,1666,238 to $37,114,625. The big drop is also due to the fact that the majority of sales have been on the lower end of the inventory range and this is noticeable when you compare last year average and median price to this year.

A View at Montgomery Place a Histolrical Site

Breakdown of the numbers for single family Detached

Median Selling Price - $ 255,000 a decrease of 17.7% from June 2008

Average Selling Price - $ 296,917 a decrease of 16.9% from June 2008

Closed sales - 125 an increase of 14.4% from June 2008

Inventory at beginning of month - 1983 a decrease of 12.6% from June 2008

Days on market - 128 a decrease of 2.3% over June 2008

Absorption rate for June 2009 1983/125= 15.86 months to clear inventory

The condo townhouse market is doing well, sales is up a third over last year. Unlike the single family detached home market, the sale dollar volume is up over last year. This is not surprising as the drop in the average price was only down 9.0% over last year and sales was up.

Breakdown of the numbers for single family Attached

Median Selling Price - $ 185,900 a decrease of 17.4% from June2008

Average Selling Price - $ 200,184 a decrease of 9.0% from June 2008

Closed sales - 32 an increase of 33.3% from June 2008

Inventory at beginning of month - 429 an increase of 11.7% over June 2008

Days on market - 133 a decrease of 15.8% over June 2008

Absorption rate for June 2009 429/32= 13.4 months to clear inventory

****Source of data Mid-Hudson Multiple Listing Service In c (MHMLS)

Other 2009 Market Reports

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Looking to purchase that first home or know of someone who will? Attend a free home buyer's seminar on Saturday July 11th

____________________________________________________________________________________________________

If you are looking to buy or sell real estate in the Hudson Valley ,or to get an answer to a real estate question please contact me.

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.
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First- Time Home Buyers Seminar in Wappingers Falls NY on July 11th

07-06-09
Jennifer Fivelsdal, Fishkill NY
Jennifer Fivelsdal, Fishkill NY: Real Estate Agent in Rhinebeck, NY
  • view my blog
  • Office: (845) 249-2945
  • Mobile: (845) 594-9947
  • Secondary: (845) 758-6842

househousehouse

To be sure, there is not much good economic news these days. However, this is truly a unique time period for first-time homeowners. Home-ownership is more affordable because of the drop in home prices, the availability of short sales and REO properties and the fact that mortgage rates are still low.

One of the reasons cited for some of the current housing and mortgage problems facing the community is the lack of pre-buying education. This issue is being taken seriously by various organizations and more emphasis is being placed on counseling consumers prior to purchasing.

If you are considering purchasing your home this year, maybe to take advantage of the $8000 tax credit, there is still time to get information about the mortgage process, the home buying process, the role of the attorney in the process, the inspection and and title work.

With this in mind you are invited to a free home buyers seminar.

Where: Trustco Bank - 1490 Route 9, Wappingers Falls NY 12590

When: July 11th from 2-4 PM

Refreshments: Yes

Please call ahead to reserve a seat

Sandy - 845-298-9315

Jennifer 845-249-2945

Presenters at the seminar are:

Evan Handel - Attorney

David Andrick - Inspector

Sandy Harvey-Pollard- Branch Manager Trustco Bank

Jennifer Fivelsdal - Associate Broker Keller Williams Realty Team

Keller Williams logo

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team

845-249-2945 or 845-758-6842 jennifer@jfivehomes.com and www.jfivehomes.com

SEARCH FOR A HOME IN THE MID HUDSON VALLEY

**** Informational only; deemed reliable but is not guaranteed.

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Pawling NY Commercial Properties

07-06-09
Lawrence Walsh Group
Lawrence Walsh Group: Real Estate Brokerage in Brewster, NY
  • view my blog
  • Office: (914) 248-1800
  • Mobile: (845) 629-3608
  • Secondary: (845) 278-0099

Pawling NY Commercial Properties

Contact the Lawrence Walsh Group for first class representation and exceptional client services. 
Call us today at 914-248-1800 or contact us.

Pawling NY Commercial Listings

All Listings Under $100,000 $400,000 - $500,000
Over $1,000,000

MLS# 2700567

MLS ID: 2700567
Price: $1,295,000
City: Pawling
Property Type: Commercial-Indust

MLS# 2906512

MLS ID: 2906512
Price: $459,000
City: Pawling
Property Type: Commercial-Indust

MLS# 2905606

MLS ID: 2905606
Price: $1,075
City: Pawling
Property Type: Commercial-Indust

Properties marked with the icon are provided courtesy of WPMLS and are not the listings of RE/MAX Classic Realty. Any use of search facilities other than by a consumer seeking to purchase or lease real estate is prohibited.

 

Call 914-248-1800 or visit us at www.nyccountryhomes.com

To search all Westchester, Putnam & Dutchess County listings use our quick search tool below.

Search Westchester NY Putnam NY Dutchess NY real estate mls listings



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Hopewell Junction NY Commercial Properies

07-06-09
Lawrence Walsh Group
Lawrence Walsh Group: Real Estate Brokerage in Brewster, NY
  • view my blog
  • Office: (914) 248-1800
  • Mobile: (845) 629-3608
  • Secondary: (845) 278-0099

Hopewell Junction NY Commercial Properies

Contact the Lawrence Walsh Group for first class representation and exceptional client services. 
Call us today at 914-248-1800 or contact us.

Hopewell Junction NY Commercial Listings

All Listings $700,000 - $800,000 $900,000 - $1,000,000
Over $1,000,000

MLS# 2721959

MLS ID: 2721959
Price: $2,800,000
City: Hopewell Junction
Property Type: Commercial-Indust

MLS# 2837748

MLS ID: 2837748
Price: $989,000
City: Hopewell Junction
Property Type: Commercial-Indust

MLS# 2902476

MLS ID: 2902476
Price: $760,000
City: Hopewell Junction
Property Type: Commercial-Indust

Properties marked with the icon are provided courtesy of WPMLS and are not the listings of RE/MAX Classic Realty. Any use of search facilities other than by a consumer seeking to purchase or lease real estate is prohibited.

Call 914-248-1800 or visit us at www.nyccountryhomes.com

To search all Westchester, Putnam & Dutchess County listings use our quick search tool below.

Search Westchester NY Putnam NY Dutchess NY real estate mls listings



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