According to data from the Global MLS, the marketplace for NY Capital District residential properties, here is how Q4 2022 compared to Q4 2021: -The Number of SOLD listings decreased by 22% to 1,945 properties with a top sale of $3.2 million at 21 Rose Terrace in Saratoga Springs. -The Number of PENDING listings decreased […]
There is never a good time to suffer a house fire, but to have one right before Christmas? It’s heart breaking. A local family suffered a total loss and we are attempting to raise as much money as we can to help them have the best Christmas possible. I’ve included a link below to the […]
According to data from the Global MLS, the marketplace for NY Capital District residential properties, here are the latest stats: The Number of SOLD listings decreased by 14% to 698 properties with a top sale of $2.2 million at 7 Beacon Hill Dr in Saratoga County. The Average Sales Price dropped 4%, to $327,000 w/ a drop in Average Price […]
Is our local market going to crash? A Market Crash is defined as the market falling 20% from its most recent peak. Locally prices fell ~6% from the July peak, so is this drop a sign that we are heading towards a crash? I don’t think so, and here’s why: 1. The median price of our […]
According to data from the Global MLS, the marketplace for NY Capital District residential properties, here is how Q3 close compared to Q2 close: The Number of SOLD listings increased by 33% to 2,461 properties with a top sale of $2.9 million at 8 Campion Lane in Saratoga County. The Average Sales Price increased 2%, […]
Interest rates are through the roof, so is now the time to make a move or should you wait for rates to fall? While everyone’s situation is different, I wanted to share some reasons why it might, or might not be, a good time to buy. It’s a good time to buy if one of these […]
According to Realtor.com, national home prices took the biggest Plunge in 6 years and turbulence in the national real estate market continues… but how are things tracking locally? After average sales prices steadily climbing to a record high of $350,000 in June, home prices have been decreasing since. From July to August, prices locally dropped ~3% to an […]
Is the market cooling? How are interest rates impacting the market, and what about the Fed actions to combat inflation? According to data from the Global MLS, the marketplace for NY Capital District residential properties, here are the latest stats: The Number of SOLD listings increased by 11% to 778 properties with a top sale of $1.7 […]
In this video I interview Andrea Kullman, a local mortgage broker from Homestead Funding, on the implication of the Fed raising rates another 75 basis points on 7/28/22. What does this mean for mortgage rates? If you’re thinking about buying or selling, does this change anything for you? We have plans that will help your […]
What are the market trends suggesting about the trajectory of our local real estate market? With all of the news about a recession, inflation, and increasing interest rates you may be thinking that the market is cooling off… so these number might surprise you! According to Global MLS, the marketplace for NY Capital District residential […]
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