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.
2015 starts strong, with sales up 8.5% over the previous year.
(February 2014) The first month of 2015 is looking pretty good. For the 3 month period ending Jan. 31st, the number of closed single family sales was up 8.5% over the previous year. On the price front, the median sales price rang in the New Year with an 8.3% gain over the previous year, but the average sales price slipped 10% year over year. But as I've cautioned repeatedly over the years, moves in the average sales price are less reliable indicators of market trends due to the effect of a few higher priced sales to skew the average.
The good news is that volume is trending up, although at a lower rate than many in the business here probably expected. A lot of my colleagues here have commented on how busy they were during the fall, which should be reflected in the latest closed sales numbers. An 8% uptick in volume is nothing to sneeze at, but I think a lot of folks are expecting to see much higher numbers.
A limiting factor, though, continues to be inventory. Until the recent spate of cold weather, there have been a lot of people out shopping for houses, but they haven't been finding what they want. If we had more inventory in key demand categories, the closed sales numbers would undoubtedly be higher.
For the latest 3 month period, the bid-to-ask ratio for sales was 88.7%, down slightly from last month's 89.5%
|Current Listings**||Closed Sales Nov 14 - Jan 15|
|All Single Family Homes||$230,875||$157,509|
|Non-Lakefront 10+ Acres||$404,090||$296,421|
** Current Listings from the Sullivan MLS only. Closed sales includes Sullivan sales compiled from Sullivan MLS and Hudson Gateway MLS.