Study: Hudson Valley Home Prices Fall in 40% of Markets
Hudson Valley home prices fell in nearly 40% of markets analyzed by a new study.
PropertyShark recently released a new residential report that looked into the real estate market in the Hudson Valley from 2014-2018.
"Curious to which communities along the Hudson River saw the most dynamic price evolution, we looked at all residential sales closed between 2014 - 2018 in Dutchess, Orange, Putnam, Rockland, Ulster and Westchester counties," PropertyShark Marketing Communications Specialist Esther Racatean told Hudson Valley Post.
Key findings of the study:
- 45 of the 116 markets we analyzed saw a decrease in home prices
- 66 of the 116 markets saw an increase in home prices; most went up by less than 10%
- 8 Hudson Valley markets experienced a median sale price gain of 20% or more.
- 2 Hudson Valley markets experienced a median sale price gain of 30% or more.
- Stanford's median jumped 36% between 2014-2018, leading Hudson Valley price evolution.
- Dutchess County on top for sales activity growth: Union Vale and Dover Town more than doubled their sales activity in only 5 years.
- From a dollar amount perspective, Rye leads with a $1.8M median sale price in 2018. Rye's 10580 zip code also ranks as the 59th most expensive in the US.
Stanford (36 percent) and Beacon (32 percent) were the only markets to see an increase of over 30 percent.
Top Growing Markets By County:
- Dutchess County: Stanford - 36%
- Ulster County: Kerhonkson- 24%
- Putnam County: Patterson- 18%
- Orange County: Blooming Grove- 17%
- Rockland County: Haverstraw- 29%
- Westchester County: Peekskill/Buchanan - 18%
CLICK HERE for more information about your market.
- Longtime Hudson Valley Movie Theater is Closed
- Popular Hudson Valley Bar Reopens After Filming of Movie
- Freezing Temperatures, Chance of Snow Forecast For Hudson Valley
- Democrats Gain Nearly 11,000 Voters in Hudson Valley in Past Year
- Local Farm Owned by Granddaughter of 'The Wizard of Oz' Producer
- Man Fatally Shot at Hudson Valley Restaurant, Shooter At Large
- Hudson Valley Man Gunned Down Near School, Suspects on Run
- Hudson Valley Fire Department Board Member Charged With Murder
- Popular Hudson Valley Bar Closed For Movie Filming
- Anti-White Supremacy Rally Held in Hudson Valley