Not only are real estate markets local in their trends, to see what the market is doing, you want a knowledgable Realtor to go over the details of the recent stats in the specific market segment being considered. What's happening in that market? What's the competition? How many homes got sold in the last six months? How many are likely to get sold in the next year? If one is a seller, it's important right now to have a compelling list price. Buyers are skittish in general. They need to see value. If you are also a buyer, there are no doubt some highly motivated sellers on the market, even if they're not priced compellingly yet. You want a strong, highly knowledgable Realtor, who understands the statistics and can help you establish realistic values. Then you might find the deal of the decade in Woodstock. Sometimes a buyers agent needs to present your value proposition to the seller's agent and the seller on your behalf in order for the seller to grasp today's reality. You want a great agent.
Prices in Woodstock have come down, (as they did throughout the country), since the really high prices of 2005 and 2006. Prices in Woodstock, however, seem to have remained more stable than in other regions. The particular style, location, setting, view, condition, size, acreage, amenities, features, age, etc. all play a role in the pricing and value of a particular home. Your Real Estate Broker should be able to help you understand and compare the pricing and value of any specific home. Especially in an area like Woodstock, I think that since there are so many unique properties & settings, you will really benefit from the knowledge and experience of a great Broker. Good luck & I hope you enjoy the move.
We are holding steady on prices here in Woodstock currently. As stated, there was a small decline over the last couple years, nowhere near the decline in other areas but the buyers are certainly taking their time!
The housing market in Woodstock is strong for quality homes. As with all markets, there are bargains to be found, and those that need a little work, but have a Woodstock style will be of great value.
When selling...photos, photos, photos - they need to be good. If you have any questions feel free to drop us a line or give us a ring.
845-679-1237 Woodstock Office
917-691-9788 Brooklyn Office
My contemporaries are correct, however there are some foreclosure properties that are a HUGE bargain, as well as some short sales. Rentals are pretty stable, although there appear to be more units available that in recent times and thus some flexibility in terms of credit scores, prices and amenities offered. Woodstock, however, remains a destination so again, it has not dropped as much as in other areas. Please call me if you are interested in either moving to the area or in investment properties, as I am an extremely experienced foreclosure and short sale agent, as well as in all other facets of residential, land and commercial property sales. My number is 845-806-7041 and I am with Century 21 Cherrytown Associates. I look forward to speaking with you!
The prices in the area have had less of a decline than the rest of the country. Woodstock and the surrounding areas are favorites for second homes.
I wish you the best of luck!