Poughkeepsie real estate
Poughkeepsie is a city near New York. It serves as the city seat of Duchess County. The city is located in the Hudson River valley in between New York City and Albany. The city is also known as the Queen City of Hudson. The population of the city is around 700,000. The median sales price prevailing is around $275,000. The average price per square feet has come down by more than 12% over the last year's price. The number of sales has also come down drastically which is about 95%.
This is in line of national trend. On national scale inventory levels of unsold housing plummeted by twelve percent, and have fallen below six months in several large metropolitan markets. Sales in the western states increased nearly fourteen percent last month and were thirty-two percent higher than the year before. In the south, sales were up by seven percent, and in the mid-west by four percent. Only the northeast states saw a decline in December a little over one percent. Nationwide, foreclosures and short sales accounted for about forty-five percent of December's transactions.
There are at present around six hundred houses on sale. The average prices vary from $500,000 to $10,000 A single -family house in about 3700 square feet area with 4 bedrooms and 3 baths the average price is %550,000. A condo in Greenhouse lane in about 1000 square feet area with 2 baths and 2 bedrooms may cost very low which is around $160,000 to $170,000. Another house with 4 bedrooms spread in more than 3000 square feet area may cost around $450,000. A multi family home having old structure in about 2200 area may cost around $280,000. A Cherry Hill condo in small 800 square feet area may cost very low at around $100,000 only.
A house under foreclosure may cost still very low. There are about 80 to 100 houses under foreclosure in the city of Poughkeepsie. A single-family home at Oak street may be available much below $ 100,000 with 3 bedrooms and single bath. At Clinton Street a bigger house may be available at about $150,000.
New homes are not many but below 20. They are generally higher priced at more than $500,000 to 1000,000.
Real Estate is one of the most valuable investments any one makes in his entire life. The real estate may be good home, or a duplex. Professional can help in finding a suitable house in suitable locality with necessary amenities, good neighbor, good infrastructure and other facilities. A good tenant if the house is for rent can be found by truly professional brokers. The first time home buyer should be conversant about the city to locate sellers of properties in the real estate market. The buyer should evaluate homes according to the budget only.
There are brokers and professional real estate agents to help in negotiations and make a deal for the selected house. They can be the real guide to select the house of the choice out of big listings with information on the homes vacant, neighborhood, zones utilities and nearby development plans.
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