| |  | Your Guide to Nyack and Rockland County
Move-to-Nyack.com is a real estate website that provides comprehensive professional services and advice for buyers, sellers and veterans in the greater Nyack/Valley Cottage area, and all of Rockland County. | |
| Call Me Day or Night
John Kovencz
Prudential Rand Realty
46 South Broadway
Nyack, NY 10960
Mobile: 914-523-2953
Email: john@movetonyack.com
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BUYERS: You can now search for homes and pull up property listings on your cell phones and other mobile devices while you are on the go. Go to RandMobile.com anywhere, anytime to view detailed property listings in the Hudson Valley. You can also access current mortgage rates.
SELLERS: Present your home in it's best light. Get a FREE 1 hour consultation on decorating tips and advice on staging your home from "Home Staging Plus" with my compliments. Then expose your listing here to the many buyers coming from a multitude of search engines such as Yahoo, Google, MSN and others."
VETERANS: Call or email me about my collaboration with Rockland County and visit the County Clerk's site for a list of merchants and their discounts through the "Return the Favor" program.
www.rocklandcountyclerk.com
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| Thank you for visiting my online real estate resource and I hope you find it to be a useful tool in your search for real estate and that it answers some of those questions you might have about the process. Whether you are a first time buyer, an experienced investor or selling your home, you will find this combination of current, clear information, exceptional service and solid expertise, invaluable when the time comes for you to make that all important decision. Welcome to Nyack/Valley Cottage and Rockland County.
FOR ALL MY REAL ESTATE FRIENDS:
click on www.realestatejournal.com for general real estate info. Saw a house and want to know the price? Want to ask me a question about the local market here in Rockland County? No question too silly. Send your question to:john@move-to-nyack.com
RECENT NEWS:
Rockland County Third Quarter Report:
Our local residential market experienced another decline in the number of homes sold in the third quarter, down 15.0% from last year. Transactions in Rockland have now declined for 15 straight quarters on a year by year basis and are down 25.6% for all of 2008 compared to 2007. This drop in the number of homes sold has had it's expected impact on prices, which have stabilized at about 10% down from last year. The average and median sales prices in Rockland are now comparable to the prices in the latter half of 2004, meaning that homeowners have given back all of the appreciation gains of 2005-2007, during the transistion from a sellers market to a buyers market.
But when you read about other areas of the country that have suffered through 30% and 35% drops in sales prices, it helps put things in perspective.
Why are prices falling less here than in other areas of the country? Compared to places like Las Vegas, Southern California, and Florida, where prices were artificially boosted in the seller’s market by investor speculation and the prevalence of subprime mortgages, prices in our area rose based on market fundamentals. When demand was high, and inventory was low, prices went up. Now, prices in our area are dropping based on those same fundamentals: the number of homes sold has gone down quarter-after-quarter for almost three years, even while more homes were coming on the market. Basic economics says that when supply is up, and demand stays constant or goes down, then prices have to come down. So after two years when prices continued to increase in the face of higher inventory and reduced demand, those prices have now started to come down.
What's the bottom line on real estate in this area? Values have already come down. People still want to live in the area. God isn't making any more real estate, but people are still making babies, and they're all going to need a place to live.
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Information contained here-in deemed reliable, but not guaranteed.
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