When it comes to real estate markets in Rensselaer County, homes sold within the Averill Park School District performed well enough to be ranked 2nd overall in Rensselaer County for 2017, and 15th overall in the Capital Region.
While there was a 22% decrease in the number of homes available for sale in 2017, this is still a popular, growing market in Rensselaer County, that gets help from multiple zip codes.
But regardless of which zip code a home is located in, as long as home sellers have the Averill Park School District attached to their property, they can expect to be paid handsomely for these top home styles heading into 2018.
Cape Cod style homes are the third most prevalent home style within the Averill Park School District.
Of the 187 home sales in 2017, 17 of those consisted of Cape Cod style, finishing with an average sale price of $175,071.
This number was actually down 1.53% from 2016’s average price from 24 Cape Cod sales, and actually ended up being the lowest average price for this style in 10 years.
Two other times (2008, 2015) Cape Cod home sellers in Averill Park saw their sale average over $200,000, and that is where we expect them to surpass in 2018, especially if they feature four bedrooms.
Regardless, seven, three bedroom Cape Cod style homes sold within the district last year, for an average price of $174,629, a price we think will rise in 2018 as well.
For sellers ready to hit the market in 2018, expect anywhere from $175,000, to over $200,000 for your Cape Cod home sale, depending on the number of bedrooms your home has, and of course, other factors, such as condition.
Colonial home style sales have exploded in the district over the past 10 years, although with the housing market crisis of 2009, owners who purchased a Colonial from 2008 through 2011, are just starting to get their heads above water.
In 2008, 26 Colonial home sales sold in the Averill Park School District for an average sale price of $278,942. Fast forward to 2017, and the number of sales for this style has nearly doubled, with 49 Colonial home sales for an average sale price of $283,782.
This was good enough for a 3.50% increase in average price for this particular home style, a number that could easily approach $300,000 in 2018.
Of course, as you can imagine, four bedroom Colonial home sales do indeed sell for over $300,000 in this district, with 24 of the 49 Colonial styles sales in 2017 being four bedrooms, and selling for an average price of $316,273.
Expect a three bedroom Colonial, although not as common, to reach average sales prices of up to $250,000 in 2018 as well.
Ranch style home owners have a lot to be excited about if selling their home inside the Averill Park School District in 2018.
Overall, Ranch home sale prices saw a 8.08% increase in 2017 when compared to 2016, for an average sale price of $198,478.
Of course, the common size of most Ranch homes across the region are that of three bedrooms, and such was the case here with 31 Ranch style home sales offering three bedrooms and selling for a surprising sale price of $204,541 in 2017.
This was good enough for a whopping 21.52% increase from 2016’s 30 Ranch sales featuring three bedrooms.
A total of 42 Ranch style homes sold within this district in 2017, a number that is down from 2016’s, 46 Ranch style sales.
But these specific home owners will see the best prices in 2018 as well, although some sellers are known to be a bit overzealous on price.
It took an average of 65 days to recieve a contract on three bedroom Ranch homes in 2017, a likely result of over pricing.