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October 2019 Real Estate Market Update for Saratoga County
saratoga county real estate market update for october 2019 by eli king

October 2019 Real Estate Market Update

by Zip Code for Saratoga County, NY

eli king digital marketing managerby Eli King Conklin for Roohan Realty | November 11, 2019 | LinkedIn

saratoga county real estate market update for october 2019 by eli king

*Report includes Single Family, 2 Family & Multi-Family properties that closed between October 1-31. Excludes commercial properties, rentals & new construction. Source: GLOBALMLS


County Snapshot*

October saw 242 property transactions (+5% YoY) with a median list price of $273,200 (+1% YoY), a median sale price of $270,000 (+3% YoY) and an average of 56 days on the market (22% increase YoY)


Winners

The overall winners in Saratoga County last month were 12866/Saratoga Springs and 12871/Schuylerville. Saratoga Springs performed well for total listings sold and a median sale price of $470,000 – a 48% increase year-over-year.  Schuylerville had only 5 homes move last month but had a drastic 88% reduction in average days on market compared to last year and homes there were likely to sell over asking price.

12050/Middle Grove may be an area to watch as there was modest inventory available alongside otherwise positive improvements in median sale price ($188,000/+14% YoY), sale-to-list price ratio (94.39/+.07% YoY), and average days on market (52/down 60% YoY).


Number of Listings Sold

The number of listings sold indicates the level of real estate activity in a given zip code. During the month of October, Clifton Park, Saratoga Springs and Ballston Spa had the most real estate transactions close. These cities have been the top three since June.

number listings sold saratoga county ny october2019

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 Saratoga Springs, Gansevoort and Mechanicville had the highest median sale prices last month:

median sale price saratoga county ny october 2019

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 Schuylerville, Stillwater, and Burnt Hills had the fastest turnover last month:

average days on market saratoga county real estate update october 2019

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 Galway, Burnt Hills, Schuylerville and Rexford sold – on average – above their asking price during the month of October:

sale to list price ratio saratoga county new york real estate update october 2019


Performance Breakdown by Zip Code

12019: Ballston Lake, Country Knolls, Charlton

Listings sold: 27 (-4% YoY)

Median sale price: $279,000 (+5% YoY)

Average # days on market: 42 (increased 31% YoY)

Sale-to-list price ratio: 98.14 / #9 of 19 (-1.34% YoY)

Featured 12019 listing:
20 miller road ballston lake ny 12019


12020: Ballston Spa, Malta

Listings sold: 30 (-14% YoY)

Median sale price: $218,450 (-14% YoY)

Average # days on market: 42 (increased 20% YoY)

Sale-to-list price ratio: 99.04 /#6 of 19 (+1.14% YoY)

Featured 12020 listing:

13 Birchwood Drive Ballston Spa Ny 12020


12027: Burnt Hills

Listings sold: 1 (-75% YoY)

Median sale price: $206,000 (-12% YoY)

Average # days on market: 18 (increased 20% YoY)

Sale-to-list price ratio: 103.00 / #2 of 19 (+2.22% YoY)


12065: Clifton Park

Listings sold: 50 (+2% YoY)

Median sale price: $283,500 (-6% YoY)

Average # days on market: 59 (increased 79% YoY)

Sale-to-list price ratio: 97.76 / #12 of 19 (+0.03% YoY)


12822: Corinth

Listings sold: 11 (+175% YoY)

Median sale price: $134,900 (+26% YoY)

Average # days on market: 94 (increased 77% YoY)

Sale-to-list price ratio: 96.83 / #14 of 19 (-6.44% YoY)

Featured 12822 listing:

40 fuller road corinth ny 12822


12074: Galway

Listings sold: 8 (+14% YoY)

Median sale price: $217,450 (-4% YoY)

Average # days on market: 54 (decreased 43% YoY)

Sale-to-list price ratio: 119.22 / #1 of 19 (+20.67% YoY)

Featured 12074 listing:

lot 213 sacandaga road galway ny 12074


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

Listings sold: 11 (-27% YoY)

Median sale price: $318,750 (+28% YoY)

Average # days on market: 70 (increased 21% YoY)

Sale-to-list price ratio: 97.87 / #10 of 19 (-2.11% YoY)

Featured 12831 listing:

2 harvest lane gansevoort ny 12831


12833: Greenfield Center

Listings sold: 2 (-50% YoY)

Median sale price: $200,000 (+4% YoY)

Average # days on market: 106 (increased 147% YoY)

Sale-to-list price ratio:  70.49 / #19 of 19 (-27.49% YoY)

Featured 12833 listing:

540 locust grove road greenfield center ny 12833


12835: Hadley

Listings sold: 5 (-55% YoY)

Median sale price: $175,000 (+11% YoY)

Average # days on market: 88 (increased 184% YoY)

Sale-to-list price ratio: 91.23 / #17 of 19 (-3.42% YoY)

Featured 12835 listing:

1007 county route 10 day ny 12835


12118: Mechanicville, Maltaville

Listings sold: 13 (+30% YoY)

Median sale price: $305,000 (-24% YoY)

Average # days on market: 64 (decreased 11% YoY)

Sale-to-list price ratio: 99.16 / #5 of 19 (+2.46% YoY)

Featured 12118 listing:523 south main street mechanicville ny 12118


12850: Middle Grove

Listings sold: 3 (+25% YoY)

Median sale price: $188,000 (+14% YoY)

Average # days on market: 52 (decreased 60% YoY)

Sale-to-list price ratio: 94.39 / #16 of 19 (+0.07% YoY)

Featured 12850 listing:lake desolation road middle grove ny 12850


12859: Porter Corners

Listings sold: 2 (no change)

Sale price: $190,375 (+22% YoY)

# days on market: 79 (increased 44% YoY)

Sale-to-list price ratio: 88.23 / #18 of 19 (-1.45% YoY)

Featured 12859 listing:

301 bockes road porter corners ny 12859


12148: Rexford, Vischer Ferry

Listings sold: 4 (+100% YoY)

Median sale price: $289,750 (-15% YoY)

Average # days on market: 30 (decreased 47% YoY)

Sale-to-list price ratio: 100.08 / #4 of 19 (+1.59% YoY)

Featured 12148 listing:

288 riverview road rexford ny 12148


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

Listings sold: 0

Median sale price: N/A

Average # days on market: N/A

Sale-to-list price ratio: N/A


12866: Saratoga Springs

Listings sold: 37 (-10% YoY)

Median sale price: $470,000 (+78% YoY)

Average # days on market: 65 (increased 25% YoY)

Sale-to-list price ratio: 97.06 / #13 of 19 (-0.26% YoY)

Featured 12866 listing:

19 crommelin drive saratoga springs ny 12866


12871: Schuylerville

Listings sold: 5 (+67% YoY)

Median sale price: $175,500 (no change)

Average # days on market: 14 (decreased 88% YoY)

Sale-to-list price ratio: 100.23 / #3 of 19 (+3.53% YoY)

Featured 12871 listing:

00 schuyler heights drive schuylerville ny 12871


12803: South Glens Falls

Listings sold: 13 (+160% YoY)

Median sale price: $208,000 (no change)

Average # days on market: 27 (decreased 45% YoY)

Sale-to-list price ratio: 98.97 / #7 of 19 (+0.34% YoY)

14 prospect street south glens falls ny 12803


12170: Stillwater, Bemis Heights

*Note: no listings were sold in this area during October 2018

Listings sold: 7

Median sale price: $249,900

Average # days on market: 16

Sale-to-list price ratio: 98.79 / #8 of 19

Featured 12170 listing:

44 stratton lane stillwater ny 12170


12884: Victory Mills

Listings sold: 0

Median sale price: N/A

Average # days on market: N/A

Sale-to-list price ratio: N/A


12188: Waterford, Halfmoon, Crescent

Listings sold: 10 (+100% YoY)

Median sale price: $249,500  (+14% YoY)

Average # days on market: 74 (increased 155% YoY)

Sale-to-list price ratio: 97.86 / #11 of 19 (-1.07% YoY)


12134: Edinburg, Northville

Listings sold: 11 (+57% YoY)

Median sale price: $166,000  (+4% YoY)

Average # days on market: 74 (increased 111% YoY)

Sale-to-list price ratio: 96.31 / #15 of 19 (+6.10% YoY)

Featured 12134 listing:

138b logan road northville ny 12134


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