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Vita, Both Buyer and Seller in 10970

What is the current real estate trend for Crystal Hill Club Bayberry Unit in particular?

Asked by Vita, 10970 Tue Dec 14, 2010

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Hello Vita,

Sales have been relatively slow in Crystal Hill this year. There have only been 5 title transfers. There are currently 3 units under contract, and 4 active listings; one of which is a Bayberry priced at $400k. There were no sales of Bayberrys in 2010 most likely given to the fact that they are the largest and most expensive. The Dorchester at 2634 sq ft sold for $359,900 and the Ashton at 2761 sq ft sold for $345,000. Should North Rockland School District receive another tax increase and/or the interest rates rise, the Bayberry may well have to be priced in the mid to upper 300's.

The current average ratio of sale price to list price is 94.98%. Sale price to original list price is 88.64%

Hope this helps.
0 votes Thank Flag Link Wed Dec 15, 2010
Current sales are about 20% lower in value compared with the top prices obtained in 2005-2006. I'd be happy to share more details with you if you'd like. Feel free to contact me via my website or by phone at 845-480-1819.
0 votes Thank Flag Link Tue Dec 14, 2010
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