Monroe, NY Real Estate News

By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for July 2019.  The number of monthly sales increased while sales prices and available inventory decreased. Following is an overview of the July 2019 Monroe NY results. Sales VolumeIn the month of July 2019, there were 20 single family home sales which was a 10% increase over June. However, July's results continue the recent trend of sales that are lower than the same month last year.  That being said, there are currently 76 homes under contract which is 40% more than the same time last month. So while sales results are continuing at a slower rate than last year, that may change in the next month or so. InventoryIn terms of inventory, there are currently 126 homes on the market. At the end of June there were 147, a 14% decrease in just on...
Comments 15
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for March 2019.  The number of monthly sales, available inventory, and sales prices all increased. Following is an overview of the March 2019 Monroe NY results. Sales VolumeIn the month of March 2019, there were 16 single family home sales, which was a slight increase over February (14%). There are 37 homes currently under contract with more than half going under contract prior to March. Those sales results should start showing up in April. InventoryIn terms of inventory, at the end of February 2019 there were 75 homes on the market while at the end of March there were 93, an increase of 24%. At this time last year, there were 82 homes on the market, so the Spring market seems to be starting a little earlier in 2019. Also of interest, the...
Comments 16
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
Update: Home is currently under contract.For the first time since it was built in 1985, this three-possibly-four bedroom, two and a half bath ranch house is on the market. If you are interested in living on one floor, this is the home for you! The large master bedroom (22' x 14 1/2' feet) has a huge arched window that faces the southern exposure, and another window that faces the east and sunrise. The master bathroom has a shower, skylight and new vanity. The master closet is a walk in with plenty of room for the belongings of two! On the other end of the home are two more bedrooms and an office/den which could have future use as a fourth bedroom. One of those bedrooms also has a private half-bath, and there is a full bath in the hall. The living room, dining area and kitchen are an ope...
Comments 14
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for February 2019.  The number of monthly sales decreased from the previous month, available inventory decreased and sales prices increased. Following is an overview of the February 2019 Monroe NY results. Sales Volume In the month of February 2019, there were 14 single family home sales. This number was less than the January results, but that is typical February behavior. That being said, February 2019 sales were 40% higher than last February, so this year is definitely starting off stronger than 2018. Also, there are 42 homes currently under contract with nearly half going under contract at least a month and a half ago. Those sales will probably show up in the March results. In terms of inventory, at the end of January 2019 there were 8...
Comments 12
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
Many sellers believe they should put their home on the market in the April/May timeframe. That's when the snow has melted, the grass is green, and flowers start "springing" up! So isn't that the best time to sell? Anytime of the year is a good time to sell, if you need to do so. But if you have the luxury of selecting any month you want, why would you want to sell in the winter month of February? The first reason is that inventory is usually at its lowest level, and competition is scarce.  As you can see from the above chart, as of February 15, 2019, the number of single family homes in Monroe NY is 77. That is about half the available inventory in the summer. Further, another 8 homes have an accepted offer. That means there are really only 69 homes that are truly available at the momen...
Comments 24
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for January 2019.  The number of monthly sales increased over the last month, while available inventory decreased. Sales prices also decreased. Based on current inventory levels, Monroe is on the cusp of becoming a seller's market. Following is an overview of the January 2019 Monroe NY results. Sales VolumeIn the month of January 2019, there were 22 single family home sales. This number was nearly double the December 2018 results. And it was exactly double the same time last year. So Monroe NY homes are definitely selling. There are also 38 homes currently under contract with nearly 20 of those going under contract last year. I expect those to be closing soon. Those sales will probably show up in the February results. In terms of inventor...
Comments 13
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for December 2018.  The number of monthly sales and available inventory decreased from the previous month and sales prices increased. Monroe is still experiencing a balanced market. 2018 ends with a market that is great for both buyers and sellers. Following is an overview of the December 2018 and end of year Monroe NY results. Sales VolumeIn the month of December 2018, there were 13 single family home sales. This number was one less than November. Sales do tend to decline late in the year, so the decrease is no surprise. In terms of inventory, at the end of December, there were 102 homes on the market, down 15% from the 120 of a month earlier. Compare that inventory level with the same time last year, when there were only 80 homes on the...
Comments 10
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the last full week of 2019, one new single family home came on the market in Monroe NY. Total inventory decreased from 115 to 112 available homes. Even with decreasing inventory, buyers still have choices. The homes currently listed for sale include cottage, ranch, cape-cod, bi-level and colonial styles, and range from $100K to $1.1M. Following is information regarding the new listing for the week: 43 Barr Lane, MLS #4856416, listed at $365,000. This three bedroom, two and a half bath townhouse has 1,954 square feet of living space. The home includes a kitchen with granite counters and smoked cherry cabinets and a master suite with soaking tub, stand-up shower and two walk-in closets. There is a finished walk-out basement, central air conditioning and a formal dining room. Outsid...
Comments 14
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the past week, one new single family home came on the market in Monroe NY. During the same time period, total inventory decreased from 117 to 115 available homes. Although inventory is decreasing, it still remains a great time for both buyers and sellers.  Following is information regarding the new listing for the week:  35 Winchester Drive, MLS #4855497, listed at $389,900. This four bedroom, two and a half bath colonial home has 2,324 square feet of living space and nearly a half acre of land. The home includes a kitchen with granite counters and tiled backsplash, a family room with wood burning stove and a master bedroom with master bath and walk-in closets. There is central air conditioning, hardwood flooring, and additional living space on lower level. Outside is a fenced in...
Comments 14
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
 During the past week, six new single family homes came on the market in Monroe NY. During the same time period, total inventory decreased from 121 to 117 available homes. Eleven homes went under contract this week, which indicates homes are definitely selling. This remains a great time for both buyers and sellers.  Following is information regarding the new listings for the week:  2 James Street, MLS #4855589, listed at $239,000. This three bedroom, one bath cape-cod style home has 1,008 square feet of living space and a quarter acre of land. The home was recently renovated. It has hardwood floors, a kitchen with granite counters and new appliances, new plumbing, new electric and more. Outside is a driveway, front porch and rear deck.   37 Lakeview Drive, MLS #4855215, listed at $289,9...
Comments 11
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the past week, four new single family homes came on the market in Monroe NY. During the same time period, total inventory increased slightly from 120 to 121 available homes. The market remains balanced and it is still great time for both buyers and sellers. Following is information regarding the new listings for the week: 7 Cunningham Drive, MLS #4854514, listed at $250,000. This three bedroom, two and a half bath bilevel style home has 2,250 square feet of living space and a half acre of land. The home has two family rooms, a brick fireplace, hardwood flooring, a two car garage and level lawn. This particular home is listed as one that needs to be updated and is a "diamond in the rough." The next three listings were all recently purchased, renovated, and are back on the market. ...
Comments 13
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for November 2018.  The number of monthly sales and available inventory decreased from last month and sales prices increased. Monroe is still experiencing a balanced market. That makes now a good time to buy or sell. Following is an overview of the November 2018 Monroe NY results. Sales VolumeIn the month of November 2018, there were 14 sales. This number was nearly half of the previous month and 20% less than the same time last year. Sales do tend to decline late in the year, so the decrease is no surprise. In terms of inventory, at the end of the month, there were 120 homes on the market which is 46% higher than the same time last year. So while inventory is currently dropping (from 128 in October), the market remains balanced and it is...
Comments 15
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the past week, five new single family homes came on the market in Monroe NY. During the same time period, total inventory decreased slightly from 121 to 120 available homes. The market can still be considered balanced at this point. That being said, inventory typically does start to decrease this time of year, and a seller's market might be close behind. The market is still great for both buyers and sellers. Following is information regarding the new listings for the week: 36 Barnett Road West, MLS #4853277, listed at $350,000. This four bedroom, two bath bilevel style home has nearly 2,100 square feet of living space and a third acre of land. The home has a kitchen with white cabinets, granite countertops and pantry, a family room, office and hardwood flooring. The home has a dr...
Comments 5
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
I am in the process of highlighting various residential developments in the town and village of Monroe NY. A few weeks ago, I shared information about the Mansion Ridge development. This week highlights the Maple Knolls area of Monroe NY. Maple Knolls is a development of single family homes in the village of Monroe NY. This development is located on both sides of Mine Road, between Rye Hill Road and the Monroe highway department.  Specifically, Maple Knolls Monroe NY is located off of Mine Road, near Rye Hill Road. The development includes nine streets: Ashmore Place and Briarwood Avenue on the north side of Mine Road, and Forestdale Avenue, Peter Bush Drive, Colony Drive, Holland Road, Ironworks Road, Kit Court and part of Fredrick Drive on the south side of Mine Road. In terms of styl...
Comments 15
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the past week, two new single family homes came on the market in Monroe NY. During the same time period, total inventory decreased from 126 to 121 available homes. The market can still be considered balanced at this point. That being said, inventory typically does start to decrease this time of year, and a seller's market might be close behind. The market is still great for both buyers and sellers. Following is information regarding the new listings for the week: 4 Grove Street, MLS #4852346, listed at $150,000. This four bedroom, one bath Capecod style home has nearly 1,500 square feet of living space and three quarters an acre of land. The Harriman village home has municipal water and sewer, oil heat and a driveway. The listing indicates this home does need some work. 240 Schun...
Comments 13
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for October 2018.  The number of monthly sales stayed strong, available inventory decreased from last month and sales prices were lower. Monroe is currently experiencing a balanced market, and it remains a good time to buy or sell. Following is an overview of the October 2018 Monroe NY results. Sales VolumeIn the month of October 2018, there were 27 sales which 2 less than the previous month and 1 more than the same time last year. That is a healthy sales level for the area. In terms of inventory, November started with 128 homes on the market, a decrease of 9% over the previous month. The current inventory levels are significantly higher than the same time last year by 34%. So while inventory is currently dropping, the market remains bala...
Comments 0
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the past week, five new single family homes came on the market in Monroe NY. Total inventory increased from 124 to 128 available homes. The market can still be considered balanced since there are nearly six months of inventory available. This is a great time for both sellers and buyers! Following is more information about this week's new listings: 15 Marc Terrace, MLS #4850277, listed at $199,500. This five bedroom, two and a half bath colonial home has 1,756 square feet of living space and a quarter acre of land. The flooring includes carpeting and parquet. There is a three season room, one car garage and in-ground pool. This is a foreclosure and no further details were provided. 15 Franklin Avenue, MLS #4850432, listed at $239,900. A one bedroom, one bath home with 1,824 square...
Comments 4
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
If you have been reading my weekly reports of new inventory in Monroe NY (Orange County), you may have noticed the following. Most of the single family homes are not in a specific community. They are typically privately owned homes on public roads, with no specific amenities or fees. That being said, many people enjoy living in a development. So starting this week, I will highlight one Monroe NY development at a time, explaining what makes each one different. They will be in no particular order. This week I'll be sharing information about Mansion Ridge. Mansion Ridge is located off of Orange Turnpike, on the Southern part of the town of Monroe. The development was built in the early 2000s. There are 120 homes in the community which consist of both townhouses and single family homes.  Ma...
Comments 4
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
During the past week, five new single family homes came on the market in Monroe NY. Total inventory decreased for the fourth week in a row, from 129 to 124 available homes. The market can still be considered balanced since there are nearly six months of inventory available. That being said, the market is probably moving towards a seller's market. Following is more information about this week's new listings: 5 Orchard Terrace, MLS #4849642, listed at $234,900. This two bedroom, one and a half bath cape-cod style home has 1,334 square feet of living space. The home has hardwood flooring downstairs, new carpeting upstairs and stainless steel cabinets in the kitchen. Outside is a driveway and lawn. 5 E Jeanibo Road, MLS #4848594, listed at $335,000. A three bedroom, three bath colonial styl...
Comments 7
By Kat Palmiotti, Helping your Montana dreams take root
(406-270-3667, kat@thehousekat.com, Broker, eXp Realty)
The Monroe, NY real estate results are available for September 2018. Well, to be honest, they've been available for weeks but I just realized now that I did not share them. So here they are! The number of monthly sales increased, available inventory increased from last month and sales prices are healthy but lower. If you are a buyer, there is still a decent level of inventory. If you are a seller, it is still a good time to put your home on the market. Following is an overview of the September 2018 Monroe NY results. Sales VolumeIn the month of September 2018, there were 29 sales which 25% more than the previous month and 50% more than last year. In terms of inventory, as of October 6th, there were 140 single family homes on the market, which was 6 more than the previous month. As of Oc...
Comments 9