Check out the May 2014 New York Magazine article "Get in on Sullivan County"
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.
2014 finishes stronger than expected, with sales volume up slightly over 2013
(January 2014) 2014 finished stronger than I expected, with some end of year closings pushing the yearly single family home sales total up 1.9% over 2013. That might not seem a lot to crow about, but it isn't bad, considering that nationally sales were down 3.2% in 2014 over 2013 according to the National Association of Realtors.
For the latest 3 month period ending Dec. 31, the 184 closed sales represented a gain of 8.9% over the same period a year earlier.
On the price front, for sellers at least, the picture isn't as rosy. For the full year, the median sales price, which is a more reliable indicator of overall market performance than the average, was essentially flat 2013 to 2014. For the 4th quarter, the median actually slipped 2.7% year over year.
The average sales price is up, both for the full year and the 4th quarter. Both full year and 4th quarter clocked a 7.9% gain in the average over the previous year. The average has been boosted by some pick up in the upper end. During the 4th quarter there were 7 sales above $500,000 including 2 above $1 million.
A continuing drag on the market is limited inventory in high demand categories. If we had more lakefronts, farmhouses and log homes to show and sell, 2014 may have closed out well ahead of 2013.
|Current Listings**||Closed Sales Oct - Dec 2014|
|All Single Family Homes||$232,325||$175,064|
|Non-Lakefront 10+ Acres||$431,932||$301,152|
** Current Listings from the Sullivan MLS only. Closed sales includes Sullivan sales compiled from Sullivan MLS and Hudson Gateway MLS.