Archive for the ‘rockland condos’ tag
Hamlets Condo ~ Vista 1BR 1 Bath ~ Pristine
$273,999: Updates and Renovations:* Freshly Painted* New Faucets*
* New stainless steel appliances
* New medicine chest in bathroom
* New blinds/roman shades throughout the condo
* Shelves put up in garage, office, laundry room
* Finished office/den
* Heat and air in office/den
* Cable hookup in office/den
* Hot water heater 1 year old
* New light fixture in interior hallway
* A/C compressor 2 years old
* Carpets freshly steamed cleaned
* Entire unit freshly painted
* Abundant storage in unit, closets/garage/basement/crawl space
* Walk-in closet
* Hallway Closet with interior light
* New deck
* New front porch and steps
W.Haverstraw Short Sale - Opportunity Knocks !
Click the Photo For a Virtual Tour
$219,900: Short Sale - bring your offers
Central A/C
Appliances:
Dishwasher
Refrigerator
Stove/Oven
Washer Dryer
Laundry area - inside
Balcony, Deck, or Patio
Garage parking Guest parking
Close to shopping/transportation
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Rockland Condo Quick Search
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Rockland NY Condo Inventory Watch
ROCKLAND COUNTY NY REAL ESTATE INVENTORY WATCH UPDATED THROUGH January 24th 2009
The graph below tracks CONDO listings which arrived to the Rockland County Real Estate Market between January 18th and January 24th, 2009.
There is also a summary overview chart dating back to November 16 of 2008 so that you can quickly see the inventory trends in Rockland County
SHORT TERM TREND IS down:
Stats compiled from the GHVmls.
The numbers in the chart above reflect ALL the new listings for the dates indicated in the chart. This chart is compiled from and includes properties for sale all over Rockland County listed on The Greater Hudson Valley Multiple Listing Service (MLS) from every Broker who is a member of the Greater Hudson Valley Multiple Listing Service. (GHVmls)
THE OLD LAWS OF SUPPLY & DEMAND ALWAYS HOLD TRUE! Keep an Eye on the Inventory . . . When you see inventory beginning to shrink it is an indicator that markets are beginning to stabilize. The sweet spot is 6 months worth of inventory. Too much more and you move towards a buyer’s market, too much less, a seller’s market.
First Time Homebuyer Credit update
I thought this was a terrific article written by a fellow Broker/Owner Rick Hauser ABR GRI,
Managing Broker/Owner Hawthorn Woods , IL …
Thanks Rick for the opportunity to repost it.
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Late yesterday - the House passed the $819 billion stimulus plan, which included a modified first time homebuyer tax credit. The Senate may vote on its version of the bill sometime next week.
The bill is changing the terms of the $7,500 tax credit that was issued as a part of the Housing Recovery Act, which Congress passed last summer.
Previous legislation required that the tax credit be repaid over 15 years, making it more of a no-interest loan. Not surprisingly, the measure had little impact on the market. The stimulus bill now under consideration would make that tax credit a true credit that doesn’t need to be repaid.
NAR estimates that there could be a 10% increase in home sales if it’s implemented - giving people who are sitting on the fence or who have inadequate funds for closing costs an incentive to act now. NAR thinks that a 10% increase would yield an extra half million sales this year.
To be eligible, buyers cannot have owned a home for the past three years, and the new home has to be used as a primary residence. The credit phases out as income rises above $75,000 for singles and $150,000 for couples, and disappears entirely at $95,000 and $170,000, respectively.
Applying for it is easy, or at least as easy as doing your income taxes. Just claim it on your return. That’s it. No other forms or papers have to be filed.
Both the Senate and the House versions of the new act remove the requirement that buyers repay the credit. The Senate bill applies retroactively to any purchase completed between January 1, 2009 and the end of August. The House version is also retroactive to the start of the year, and expires at the end of June. As long as buyers don’t sell for at least 36 months, they keep the money.
And the credit is refundable, meaning that it can be claimed even if the amount of the credit earned exceeds the buyer’s tax liability. So even if your total tax bill comes to just $5,000, you can still qualify for a full $7,500 refund.
THe theory is that First time buyers who purchase from existing homeowners free those sellers to trade up to bigger, better houses. But many exsiting homeowners are not trading up anymore.
Buyers should be aware that they won’t actually receive any refund for a home purchased this year until after they file their 2009 income taxes in April 2010.
Some argue that the credit is poorly targeted because it goes to every first-time buyer, not just the ones who wouldn’t buy without it. So, it merely provides a windfall for many people who would have purchased anyway. I believe that interest rates are still too high to stimulate things as much as they need to be stimulated. 6 months ago - there was talk that the government was going to figure out a way to get rates to drop in the 4.5% range or less. That hasn’t happened. Rates are still in the 5’s.
I believe that patchwork stimuluses in this multi-billion dollar package isn’t the answer - though this well help. Getting rates to drop is the answer - and answer that we’ve all been waiting for for a long time now.
The $7,500 tax credit, regardless of the details, does nothing to address the issue that’s holding some buyers back - the suspicion that prices are going to keep falling. That said - when we negotiate on a home for our buyer clients - we build in a large buffer factor for to cover that very issue. I’m having one of my busiest January’s in a long time…Though I kinow that other agents are suffering. My clients aren’t holding back at any rate…. I’ve written up a couple of purchase contracts this week - and we are in negotiations for some serious price-off…
I suggest that the government may want to think about making it available to all homebuyers, not just first-timers. And have the credit last through the end of the year, at least. But the biggest thing that could be done is to drop rates. As we all know - rates are inversely related to prices.
Bardonia Condos in Rockland County NY
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Home Sales in Rockland County
Existing-Home Sales Decline in Economic Uncertainty
(reprinted from my newsletter)Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, expected a decline. “The quickly deteriorating conditions in the job market, stock market, and consumer confidence in October and November have knocked down home sales to another level. We hope the home sales impact from the stock market crash turns out to be short-lived, as was the case in 1987 and 2001,” he said.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 6.09 percent in November from 6.20 percent in October; the rate was 6.21 percent in November 2007. Last week, Freddie Mac reported the 30-year rate fell to 5.19 percent – the lowest on record since the series began in 1971.
Despite an overall softening in sales, there has been a solid trend of rising activity in California, Nevada, Arizona and Florida markets. “Sales are rising only in areas with large numbers of distressed properties as bargain hunters take advantage of discounted home prices,” Yun said.
NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said it’s crucial to enact sufficient housing stimulus to spark an economic recovery. “We need more than low interest rates to encourage enough buyers to enter the market and meaningfully draw down inventory, which would stabilize home prices – that, in turn, would help the economy to recover,” he said.
The national median existing-home price for all housing types was $181,300 in November, down 13.2 percent from November 2007 when the median was $208,800. There remains a significant downward distortion in the current price from a large number of distress sales at discounted prices; the median is where half of the homes sold for more and half sold for less.
Source: The National Association of Realtors®
Rockand Real Estate Positive Signs
30 Year Fixed at a 37 Year Low.
Yes Virginia, there “is” a Santa Claus. Well that’s how I felt yesterday when I saw that mortgage interest rates had adjusted downward again. Below is a reprint from the Freddie Mac Site, but I saw that Provident Bank yesterday had a 30 year conforming rate of 4.875 (with 1 point). I had an email from a colleague where they saw a mortgage broker at 4.75 with no points. So . . . let the games begin!
Compilation of Weekly Survey Releases for 2008
| December 11, 2008 | 30-yr | 15-yr | 5/1-yr ARM | 1-yr ARM |
Rates: |
5.47% | 5.20% | 5.82% | 5.09% |
| Points: | 0.7 | 0.7 | 0.6 | 0.4 |
There are other positive signs in the marketplace as well. Remember the huge bailout plan to purchase troubled mortgages? Well part of that plan is being shelved. Lawrence Yun, NAR Chief Economist writes (Source GHVmls economic and market watch report/Oct) that “Instead the money will be used to support securitization for consumer financing.” Yun adds that the goal is to get capital to lenders so that they can start issuing loans to consumers and companies. Yun shares that LIBOR rates (the key rate measurement of liquidity flow in the financial system) have begun to thaw. But those stubborn residential mortgage rates carry a high spread above Treasury rates, commercial mortgage loans are non-existent and the banks are still not lending to small businesses.
The notwithstanding the above information, the most important thing I want to communicate is YES THERE ARE LOANS OUT THERE ! If you have good credit, (read my post on FICO Scores here)a stable job and some $ to put down, you can get mortgage money. Property values have digressed to levels not seen in years. Improved affordability has led to improved home sales. The huge inventory is being worked off. As I’ve told you for months now, a shrinking inventory is another sign that the real estate market is stabilizing. Yun goes on to warn though that while these signs are encouraging, more must be done.
NAR, the National Association of Realtors has proposed that the government buy-down mortgage interest rates to ensure fixed low rates for home buyers. NAR has also presented a plan to Congress that would eliminate the repayment feature of that $7500.00 first-time home buyer tax credit. NAR has proposed that this credit be offered to all buyers and that higher FHA and conventional loan limits be made permanent. This should greatly aid in the housing recovery.
We all know that consumer confidence is at an all time low, but we also know from history that the journey to wealth accumulation begins with owning ones own home.
Rockland Condos
Don’t miss:www.RocklandCondosandTownhouses.com.
- A Site totally devoted to Rockland Condos & Townhouses
- A Site totally devoted to Rockland Condos & Townhouses
1) Nanuet Condos ~ A Complete Inventory
2) Rockland Condos ~ A Complete Inventory & Overview
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Condo/Townhouse/Co-op Complexes of Rockland County © 2008 - Proprietary ~ Rockland County Real Estate, LLC ~ Angela Chan |
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| Complex Name | Location within Town | Town |
| Retreats at Airmont | off N. Airmont Rd. behind Friendly’s | Airmont |
| Astri Terrace | off Rt. 304 | Bardonia |
| Germonds Village | Eastlyn Drive | Bardonia |
| L’Ambiance | off Rt. 304 | Bardonia |
| Parkview | off Rt. 304 | Bardonia |
| Village Green | off Rt. 304 | Bardonia |
| Chestnut Ridge Gardens | off Red Schoolhouse Rd. | Chestnut Ridge |
| Bridgewaters | off Lake Rd. | Congers |
| Cedar Grove | Rt. 304 to Old Haverstraw Rd. | Congers |
| Georgetown Manors | off Rt. 303 | Congers |
| Hidden Valley | where Rt. 303 meets Rt. 9W | Congers |
| Long Clove Meadows | off Rt. 9W | Congers |
| Millers Landing | Rt. 303, L-Old Lake Rd. | Congers |
| Mountain Shadows | off Rt. 9W | Congers |
| Northgate Commons | Lake Rd. to Old Lake Rd. | Congers |
| Stratford Arms | off Rt. 303 | Congers |
| Swans Landing | off Rt. 9W | Congers |
| Banbury Square | from Rt. 9W or Rt. 202 to Main St. | Garnerville |
| Tara Heights | from 9W to Rt. 202 | Garnerville |
| Harbors at Haverstraw | off of Rt. 9W | Haverstraw |
| Hudson Harbor View | from Rt. 9W to Rt. 202 to Dowd St. | Haverstraw |
| Village On The Green | Rt. 9W to Halgren Crescent | Haverstraw |
| Village Mills | Rt. 9W, R-Gurnee, L-Spring | Haverstraw |
| Blueberry Hill | off Rt. 306 | Monsey |
| MeInick Estates | off Rt. 59, right next to Monsey Post Office | Monsey |
| Valley View Gardens | off Rt. 59, L-Kennedy | Monsey |
| Amber Fields | off New Clarkstwon Rd. (cross street Wedgewood) | Nanuet |
| Eagle Ridge | off Smith Rd. to the Hamlets or off New Clarkstown Road | Nanuet |
| Gramercy Park | off Rt. 59, R-College Ave. | Nanuet |
| Hidden Ridge | from Rt. 59 or Forman, R-Pascack, L-Pipetownhill | Nanuet |
| Knolls East | off Smith Rd. to the Hamlets or off New Clarkstown Road | Nanuet |
| New Holland Village | Rt. 59, L-Old Nyack Turnpike | Nanuet |
| Normandy Village | Rt. 59 to Middletown Road | Nanuet |
| Omni Parc / Conklin Park | from Rt. 59 or Forman, R-Pascack, L-Pipetownhill | Nanuet |
| Sussex at Bremmer | Rt. 304 or Rt. 59 to W. Nyack Rd. | Nanuet |
| Timberline | off Smith Rd. to the Hamlets or off New Clarkstown Road | Nanuet |
| Town Hill Condos | off Smith Rd. to the Hamlets | Nanuet |
| Treetops | off Smith Rd. to the Hamlets or off New Clarkstown Road | Nanuet |
| Tudor Hill | Rt. 59, L-Old Nyack Turnpike, R-S.Pascack | Nanuet |
| Versailles | Rt. 59 or Smith Rd. to New Clarkstown Rd. | Nanuet |
| Vista (at Kingsgate) | off Smith Rd. to the Hamlets or off New Clarkstown Road | Nanuet |
| New City Condos | off North Main St. to Heritage | New City |
| Holland House | Rt. 306 to Viola Rd. | New Hempstead |
| Reagan Road Estates | Rt. 45, R-Washington, L-Bush to Reagan | New Square |
| Bradford Mews | Piermont Ave. | Nyack |
| Clermont/Clermont Phase | Rt. 59 or 9W to end of Main St. | Nyack |
| Forest Ridge | Rt. 59, L- Mt. View Ave. | Nyack |
| Highview | from Rt. 59 to 9W to High Ave. | Nyack |
| Ivanhoe | Main St. to Broadway to Fourth Ave. | Nyack |
| Nyack Mews | from Rt. 59, on corner of Franklin and High Ave. | Nyack |
| Rivercrest | Main St. to Gedney St. | Nyack |
| Village Gate Ways | from Rt. 59 or 9W to Village Gate | Nyack |
| Blue Hills Commons | Orangeburg Rd. to Western Highway | Orangeburg |
| The Meadows | off N. Middletown Rd. to Crooked Hill Rd. | Pearl River |
| Cherry Brook Estates | Rt. 304, L-Central, L-John | Pearl River |
| Somerset | N. Middletown Rd. to Somerset Dr. | Pearl River |
| Harbor Cove | Rt. 9W, L-Ash, R-Piermont, L-Gair | Piermont |
| Lawrence Park | off Rt. 9W | Piermont |
| Paradise Harbor | Rt. 9W, L-Ash, R-Piermont, L-Gair | Piermont |
| Piermont Landing | Rt. 9W, L-Ash, R-Piermont, L-Gair | Piermont |
| Roundtree Condos | off Rt. 9W | Piermont |
