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.
Sales volume remains down from 2013, but median price ticks up
(October 2014) September was another mixed bag month, with Sullivan County sales paralleling the national trend of a slowing real estate market. Year-over-year closed sales for the 3 month period ending Sept. 30 was down 13%. The average sales price slipped 5.7%. The "mixed bag" number is the median sales price, which ticked up 5.2% over the previous year. This is the second month in a row that the median sales price has gained, after 7 months of being essentially flat.
The volume slide is disappointing, but not particularly alarming because it's not out of sync with what's being reported around the country. 2013 was a 'mini-boom' year, with double digit sales increases over 2012. A portion of that mini-boom was driven by foreclosure buys, and foreclosure inventory has been way down this year.
There is a bright spot in the data, namely more activity at higher price points. For the latest 3 month period, there were four MLS recorded sales above $500,000. Five more closed during the first few weeks of October, and combined with strong sales in the mid range, next month's price data (which will include Oct. sales) could be the highest we've seen since the recession.
For the latest 3 month period houses, on average, sold for 91.8% of their asking price, which is a jump from last month's 89.9%.
|Current Listings**||Closed Sales Jul - Sep 2014|
|All Single Family Homes||$240,235||$161,335|
|Non-Lakefront 10+ Acres||$419,917||$299,900|
** Current Listings from the Sullivan MLS only. Closed sales includes Sullivan sales compiled from Sullivan MLS and Hudson Gateway MLS.