Dutchess County 2014 Annual Market Report

Our local Dutchess County Real Estate Market Update

The 2014 Dutchess County housing market ended with 1845 closed sales, 4574 new listings and just over 2000 properties in contract.  The real estate market seemed frozen along with the frigid temperatures and took quite a bit of time to truly heat up in 2014 – but once it thawed out homes started to sell.  Overall, considering the sleepy winter and spring markets, we held our own and the prices remained stable.

Berkshire Hathaway HomeServices Hudson Valley Properties offers a detailed and insightful analysis of 2014 housing market which is below.

This year has started out much the same with numerous single digit days, blustery winds and plenty of snow;  but we expect the market to heat up quickly as the outside temperatures start to climb.  We have experienced large numbers of traffic visiting all the real estate websites as homebuyer’s seem to be doing their house hunting from the comfort of their computer or mobile devices.  There seems to be plenty of pent-up buyer demand that is bound to make this year hot.  And while these potential buyers are in hibernation mode, numerous sellers are busy preparing to get their homes listed for sale.

All the major predictors point to a good year for real estate in Dutchess County  –  low interest rates, a substantial inventory of properties and a high consumer index.

To view entire report, please click this image.


 

 

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Debra “Debbie” Allan

Direct: 845-905-8788

Email me at DAllan@BHHSHudsonValley.com 


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Private Getaways for Sale in Dutchess County

Search current inventory of Private Getaways for Sale in Dutchess County

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Hidden Gem in Staatsburg NY

24 S. Cross Rd, Staatsburg NY 12580
Price: $477,700
MLS number: 335993
Bedrooms: 3
Bathrooms: 3 Full
Square Footage: 2464
Unfinished Basement: 1200 (approx.)
Acreage: 15.98

Call Debbie Allan at 845-905-8788 to see if this property is still available and arrange a showing.

Cozy yet elegant, enjoy tranquil setting!

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Lovely appointed front porch Colonial tucked privately on almost 16 acres of wooded property. Fabulous two story foyer is flanked by spacious formal dining and living rooms;  9’ceilings on main floor; custom cook’s kitchen with maple cabinets, corian counters, stainless appliances including warming drawer, wall oven/convection, built in micro/convection, wine cooler, dual drawer dishwasher, gas cooktop; loads of big windows throughout home allowing lots of natural light; gas fireplace in cozy living room; master suite with walk in closet and large bath with whirlpool; huge private, rear deck with hot tub; shed and workshop with electric & water.

This unique paradise is close a multitude of activities including the local mansions (i.e.Vanderbuilt), village & town shopping and restaurants like the CIA, close to Rhinebeck and Red Hook villages, short ride to the majestic Hudson River and the Walkway Over the Hudson and much more!  Also conveniently located close major highways for commuters.

Perfect for Entertaining and Relaxing!

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Click here to see additional images & video tour of this private getaway in Dutchess County

 

Where is Staatsburg, NY?

Staatsburg is a hamlet located in town of Hyde Park which borders the Hudson River’s eastern bank with Poughkeespie to its south and Rhinebeck to its north.  For area amenties in and around Staatsburg NY, check out this link.

Find Homes For Sale in the Staatsburg, NY and surrounding areas

 

 


Vacation Homes for Sale in Dutchess County

Search current inventory of

Vacation Homes for Sale in Dutchess Countyimage

Great new price!

Vacation Home For Sale in Dutchess County

Direct Lakefront Home for Sale, Pawling NY

71 Dutchess Drive, Holmes NY 12531
Price: $425,900
MLS number: 335855
Bedrooms: 3
Bathrooms: 2.5
Square Footage: 2248

You Will Love the Views from the Living Room, Balcony and Lakefront yard

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This is a wonderful opportunity to own a slice of heaven in the Pawling area of Dutchess County.  Exceptional views abound from this awesome Lake Dutchess home featuring over 200′ of direct lake frontage.Views of Lake

Lake Dutchess is a private, serene, motorboat-free lake set in the beautiful Pawling area.

This lovely, lakefront ranch style home offers a private setting for a weekend retreat or year round home.

The open floorplan boasts plenty of room for entertaining & relaxing while enjoying the breathtaking views of this pristine lake. Lovely hardwood flooring throughout main level, large bright sunny windows, updated eat-in kitchen & baths. Sliding glass doors lead to spacious balcony facing the lake also.

 

 

71 Dutchess Drive

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The lower level of this home enjoys easy walk-out to patio and lakefront, a huge family room with fireplace & high ceilings. Also there is an office, den, laundry room and full bath located on this level.

There is plenty of room for family and friends to gather and stay. This 1.01 acre property gently slopes toward the lake for easy access to enjoy swimming, kayaking, skating, fishing and more. This property also has a fully fenced tennis court and 2 car detached garage. Convenient to I84, trains & shopping. Just over an hour to NYC too!

Direct Lakefront Home

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Click here to see additional images of this Dutchess County Lakefront Home

Kitchen Perfect for Entertaining

If entertaining is your forte, there is no better place to do this then from the expansive kitchen in this amazing lakefront home. The stainless steel appliances make the kitchen come together, but it’s the vast amount of space that makes bringing friends together so easy.  It flows into the open concept dining area and living room which lead to the balcony through sliding glass doors.

Where is Pawling, NY and What is there to do?

Pawling is a small town located in the southeast corner of Dutchess County.  It is known for its proximity to the neighboring counties of Putnam and Westchester and its quaint, country atmosphere.  Pawling has a multitude of beautiful residential homes set on stunning properties.  There are numerous bodies of water throughout this town along with hiking, site seeing and other places of interest.

Find Homes For Sale in the Pawling Area

 


Dutchess County’s #1 Office

2014 Top 10 Residential Brokers - By Transactions


November Market Report in Dutchess County

Market Report for Dutchess County – November 2014

Real estate market data for Dutchess County, NY provided by Debbie Allan of Berkshire Hathaway HomeService Hudson Valley Properties.


Dutchess County Home Prices

According to Sandy Tambone, Executive Officer of Mid Hudson Multiple Listing Service –

“Market Recovering from Dark ‘n Stormy Start of Year”

“After a first quarter deficit of 9.6% in sales of single family detached homes in Dutchess County the market is poised to at least post the same or close to the same number of units sold as last year. November sales of single family detached homes are 12.1% greater than last year. November 2014 logged 148 units which is 16 units above last year’s 132. The net effect has brought the year-to-date sales up to 1607 this year versus 1612 from last year which is only 0.3% off. The past three year’s unit sales total surpassed the previous and it is hopeful this year will make four years in a row.
Although the higher unit volume is at the cost of long term price stagnation and slightly declining year-to-date- average and median selling price. There has not been any appreciable increase in selling price for some time. The Y-T-D average selling price is down 2.7% to $296,134 from $304,257 and the Y-T-D median selling price is down just 0.1% to $246,997 from $247,250.
The number of available single family detached homes for sale in Dutchess County and the purchase offers on listed homes are both up 6.9% and 5.3%, respectively. The concern of increasing mortgage rate may be tempered by the inflation rate being only 1.5% over last year. The Federal Reserve is under no pressure to raise rates.”

 

Plenty to choose from in Dutchess County 

 

3,085 Available Homes

If you are interested in current homes on the market in Dutchess County you
can find that information by clicking on the link. High inventory suggests that homes are sitting on the market for longer. Currently in Dutchess County, single family homes have a current average market time of 138 days before they sell and single family attached (condos & townhomes) current average days on market is at 121 days to sell.

This would suggest that buyers are in a great position to make an aggresive offer on a home.  Sellers should make sure to price their home near the market value if they expect to get an offer from a prospective buyer.

 

Click here to get timely market information for Dutchess County real estate

Visit my website to search for homes in Dutchess County or to be notified when a new homes come on the market.

To find out what you home is worth in the current market call 845.705.5441 or fill out FORM What’s my home worth?

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Where in the heck is Wiccopee?

Search for East Fishkill, NY homes for saleWiccopee sign

Located in southern Dutchess County in the town of East Fishkill, you’ll find an enchanting hamlet tucked amongst the surrounding woodlands and mountains.

Wiccopee’s name comes from a Native American tribe that lived there in the early 1700’s.  Amidst the area homes you’ll find hiking trails, small lakes and streams, a few farms including Fishkill Farms and even some historical sites.

 


But don’t let the natural setting fool you! Wiccopee is situated in close proximity to major highways, shopping, schools, the train station, the Hudson River and only a 60 mile drive to the NYC.  There are residential neighborhoods situated throughout the area with a variety of characteristics. 

Wiccopee is a hidden gem which is very attractive to its residents.  I’ve have lived and played in this area.  I’ve enjoyed the peaceful setting, the hiking to “flat rock”, finding restful, babbling streams and so much more.  To me one the best reasons to live in Wiccopee is the convenience – only minutes to an assortment of local restaurants and stores.  What more could you ask for?

EF Market through Oct 2014

Search for East Fishkill, NY homes for sale


View Wiccopee, NY in a larger map

 

Search for East Fishkill, NY homes for sale

http://www.finddutchesscountyhomes.com/whats-my-home-worth/


Veterans Loans: The Best Way Home!

On Veterans Day we honor the men and women who have bravely served for our country.  We should always remember and be thankful for all the sacrifices that these brave patriots have endured.

Thank you all for your service and for protecting our great country!

To honor our service men and women, the Veterans Administration offers some excellent benefits for Veterans including programs to help you purchase a home.

The best features about Veteran Loans are the savings!

  •  100% Financing - so you don’t need any money for down payment
  • No PMI (private mortgage insurance) keeps your monthly payments lower

The following 2 video explain how to get started with the process

According to Realtor.org, “more than 20 million American veterans have benefited from the Veterans Affairs Guaranteed Home Loan program over the past 70 years, but millions of former and active duty service members are not aware that they can take advantage of the homebuying program.”

For more information on buying a home, check out the links below:

Veterans Administration

HUD.gov

CFPB

Understanding the Process

 


October Market Report in Dutchess County

Home Prices in Dutchess County for October 2014

Real estate market data for Dutchess County, NY provided by Debbie Allan of Houlihan Lawrence.


Dutchess County Home Prices

According to Sandy Tambone, Executive Officer of Mid Hudson Multiple Listing Service,

“October Dutchess County, NY Home Sales “All Treat no Trick”

October presented a treat of remarkable sales of single family detached homes in Dutchess County. There were 193 closed units in October up a stellar 27.8% above last October 151 units sold.

The year-to-date unit sales volume is showing a bounce back being down only 1.3% from last year. This year’s closed sales are 1449 units from 1468 last year. This boost is a result of a good September which was up 16.4% along with the 27.8% rise in October. It has been a tough recovery for the market after being down 9.6% at the ends of the first quarter.

The year-to-date median price continues to be relatively flat showing a 0.2% increase above last year $246,997 from $246,553. There appears to be a trend in price reductions which may be partly responsible in getting properties closed. Also, with inflation just at 1.5% the Federal Reserve will not look at raising interest rates in the near future.

Inventory is slightly above last year which remains historically high. Purchase offers accepted are up 16.5% at 198 from 170.”

October housing stats

October housing stats

 

Recently SOLD - c/Poughkeepsie

Recently SOLD – 41 Pembroke Dr., Poughkeepsie

 

There are 3 very positive aspects to the local housing market right now.

  • 1.  There are still extremely low interest rates – hovering in the low 4% range.
  • 2.  We have plenty of excellent homes for sale (homes, condos and townhouses), well priced with motivated sellers ready to sell.
  • 3.  Even though there was talk early in the year about prices starting to rise, that just has not happened. Dutchess County real estate pricing is fairly stable.  Home prices are still relatively low.  These 3 elements make for a very good buyer’s market and therefore it is truly a great time to buy.

 

There is plenty to choose from in the Dutchess County housing marketDutchess County Active Listings Map

 

3,495 Available Homes in Dutchess County

  If you are interested in current homes on the market in Dutchess County you can find that information
by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in Dutchess County, single family homes have a current median time of 117 days on the market before they sell and single family attached (condos & townhomes) current median days on market is at 187 days to sell.

    This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers.

 

To receive regular market

report updates click here


Find Homes for Sale in Dutchess County

Visit my website to search for homes in Dutchess County or to be notified when a new homes come on the market.

To find out what you home is worth in the current market call 845.705.5441 or fill out FORM  What’s my home worth?

Debbie Allan
You can reach me at 845.705.5441

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