July 22, 2019 | Posted in: Ballston Lake, Ballston Spa, Blog, Clifton Park, Galway, Gansevoort, Greenfield, Malta, monthly real estate market updates, Moreau, Northumberland, Residential Real Estate, Round Lake, Saratoga Springs, Stillwater, Wilton

June 2019 Real Estate Market Update

by Zip Code for Saratoga County, NY

by Eli King for Roohan Realty | July 22, 2019

Note: The following data includes only Single Family, 2 Family and Multi-Family resale properties that closed between 6.1.19 and 6.30.19. Commercial properties, rentals and new construction listings have been excluded. Data source: GLOBALMLS

Number of Listings Sold

The number of listings sold indicates the level of real estate activity in a given zip code. Last month, Clifton Park, Saratoga Springs and Ballston Spa had the most real estate transactions close:

Median Sale Price

The median sale price means that half of the homes sold were lower than that price, and half were higher. Homes in Rexford, Middle Grove, and Saratoga Springs had the highest median sale prices last month:

Days on Market

Days on Market (“DOM”) is a measure of how long a home takes to sell and helps indicate demand of an area. Homes sold in Greenfield, Galway and Stillwater had the fastest turnover during the month of June:

Sale:List Price Ratio

The average sale to list price ratio is an indicator of whether homes in an area are selling above, at, or below their asking price. Scores above 100 mean homes sold above asking price; below 100 sold for less than list price. Homes in South Glens Falls and Schuylerville were most likely to sell above asking price last month:

12019: Ballston Lake, Country Knolls, Charlton

Listings sold: 16 (-24% YoY)

Median sale price: $330,750 (+11% YoY)

Average # days on market: 22 (decreased 50% YoY)

Sale-to-list price ratio: 99.45 (#5 of 20)

Featured 12019 listing:

12020: Ballston Spa, Malta

Listings sold: 43 (+8% YoY)

Median sale price: $224,000 (-.22% YoY)

Average # days on market: 46 (increased 84% YoY)

Sale-to-list price ratio: 99.14 (#7 of 20)

Featured 12020 listing:

12027: Burnt Hills

Listings sold: 5 (+150% YoY)

Median sale price: $335,000 (+30% YoY)

Average # days on market: 33 (increased 120% YoY)

Sale-to-list price ratio: 99.02 (#8 of 20)

Featured 12027 listing:

12065: Clifton Park

Listings sold: 70 (+21% YoY)

Median sale price: $310,500 (-5% YoY)

Average # days on market: 28 (increased 8% YoY)

Sale-to-list price ratio: 99.23 (#6 of 20)

12822: Corinth

Listings sold: 7 (+40% YoY)

Median sale price: $264,900 (+28% YoY)

Average # days on market: 25 (decreased 76% YoY)

Sale-to-list price ratio: 93.29 (#18 of 20)

Featured 12822 listing:

12074: Galway

Listings sold: 3 (+50% YoY)

Median sale price: $236,900 (+24% YoY)

Average # days on market: 15 (decreased 59% YoY)

Sale-to-list price ratio: 98.38 (#9 of 20)

Featured 12074 listing:

12831: Gansevoort, Wilton, Kings Station, Gurn Spring, Fortsville

Listings sold: 15 (-40% YoY)

Median sale price: $265,000 (-4% YoY)

Average # days on market: 32 (decreased 11% YoY)

Sale-to-list price ratio: 96.24 (#15 of 20)

Featured 12831 listing:

12833: Greenfield Center*

Note that only one home was sold here last month, therefore skewing YoY comparisons

Listings sold: 1 (-80% YoY)

Median sale price: $54,000 (-90% YoY)

Average # days on market: 147 (increased 96% YoY)

Sale-to-list price ratio: 90.15 (#20 of 20)

Featured 12833 listing:

12835: Hadley

Listings sold: 4 (-64% YoY)

Median sale price: $298,875 (+90% YoY)

Average # days on market: 88 (decreased 20% YoY)

Sale-to-list price ratio: 95.95 (#16 of 20)

12118: Mechanicville, Maltaville

Listings sold: 12 (-25% YoY)

Median sale price: $293,750 (+7% YoY)

Average # days on market: 38 (increased 15% YoY)

Sale-to-list price ratio: 99.57 (#4 of 20)

12850: Middle Grove

Listings sold: 2 (+50% YoY)

Median sale price: $360,000 (+182% YoY)

Average # days on market: 196 (increased 403% YoY)

Sale-to-list price ratio: 96.75 (#12 of 20)

12859: Porter Corners*

Note that only one home was sold here for each period, therefore skewing YoY comparisons

Listings sold: 1 (no change)

Sale price: $285,000 (-11% YoY)

# days on market: 61 (increased 771% YoY)

Sale-to-list price ratio: 96.64 (#13 of 20)

12148: Rexford, Vischer Ferry

Listings sold: 12 (+300% YoY)

Median sale price: $392,450 (+6% YoY)

Average # days on market: 34 (decreased 23% YoY)

Sale-to-list price ratio: 97.65 (#10 of 20)

12863: Rock City Falls

Listings sold: 0

Median sale price: N/A

Average # days on market: N/A

Sale-to-list price ratio: N/A

12151: Round Lake, Ushers*

Note that no homes were sold here during June 2018, so YoY comparison not provided.

Listings sold: 2

Median sale price: $145,250

Average # days on market: 148

Sale-to-list price ratio: 91.73 (#19 of 20)

12866: Saratoga Springs

Listings sold: 46 (-6% YoY)

Median sale price: $339,000 (-29% YoY)

Average # days on market: 48 (increased 12% YoY)

Sale-to-list price ratio: 96.49 (#14 of 20)

Featured 12866 listing:

12871: Schuylerville

Listings sold: 5 (no change YoY)

Median sale price: $185,000 (+12% YoY)

Average # days on market: 41 (increased 17% YoY)

Sale-to-list price ratio: 101.03 (#2 of 20)

Featured 12871 listing:

12803: South Glens Falls

Listings sold: 5 (-50% YoY)

Median sale price: $181,260 (+4% YoY)

Average # days on market: 50 (increased 92% YoY)

Sale-to-list price ratio: 102.03 (#1 of 20)

12170: Stillwater, Bemis Heights

Listings sold: 2 (-60% YoY)

Median sale price: $112,000 (-59% YoY)

Average # days on market: 18 (decreased 71% YoY)

Sale-to-list price ratio: 99.91 (#3 of 20)

Featured 12170 listing:

12884: Victory Mills