Currently there are 93 multifamily homes for sale in the county. 9 multifamilies have sold within the last 3 months, which works out to 9.68%. Their average days on market is 116, the median 81. In contrast, there are 1327 single family homes currently on the market. 357 have sold during the last 3 months, or 26.90%. Their average days on market is 96, the median 64.
As you can see, while they do take a little longer to sell, the difference is not that great. If you were to examine all of the sales closely, you would notice that those that were priced well are the ones that sold.
There is always interest in homes for sale in the river towns. What turns interest into a sale is the price.
Allan Erps, ABR
Licensed Real Estate Salesperson
VM(24 Hours) 845-770-2141
Cell Phone/Text 845-304-3040
For the latest in Buyers and Sellers Resources,
visit my website at; http://www.allanerps.randrealty.com
I own a lot of rentals. i have over paid many times if the terns justify it.
But if you are only interested in cash-out deals, you have to make your property more appealing than the competition.
In this market I will buy properties with real cash flow. Price accordingly and you should snag your buyer.