The following statistics were taken from the Ulster County Multiple Listing Service (MLS). These statistics include all single family homes sold in Ulster County that were listed on the Ulster County MLS. We will be comparing statistics for the full 2008 year with the previous year’s statistics.
There were small statistical changes (decreases of up to 4%) from 2007 to 2008, except in one area: the number of single family homes sold, declined by about 24%.
The average sold price for single family homes decreased by about 2% from 2007 to 2008, from $304,891 to $297,256.
The median sold price for single family homes decreased by about 4% from 2007 to 2008, from $255,720 to $245,000.
The number of days a sold house was on the market from the time it was listed until the closing date, decreased by 2 days (about 1%) from 2007 to 2008, from 164 to 162.
The sale price to list price ratio decreased by a little more than 1% from 2007 to 2008, from 95.22% to 93.79%. That means that in 2008 the average single family home sold for about 6% less than the final listing price for that home.
The number of single family homes listed in 2008 decreased by about 4% from 2007, from 2,939 to 2,802.
The number of single family homes sold in 2008 decreased by about 24% from 2007, from 1,224 to 931.
If we go back to 2006, we see that in the past two years, the average sold price of a single family home increased by about 3%, from $287,827 to $297,256; and the median sold price decreased by about 2%, from $251,750 to $245,000.
Prices for single family homes haven’t changed that much in Ulster County over the past couple of years. So, Ulster County real estate is an excellent investment, as it continues to hold its value.