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Christopher Cammarata

LICENSE: 10401295695


(845) 420-4562
(845) 547-0005 (Office)

My Blog

The Insanely Low Housing Inventory in Orange County, NY Continues

Posted On: June 29th, 2022 1:29PM

The housing market in Orange County, NY is hot. The lack of houses for sale has created a frenzy among qualified buyers. There is only a 1.3 months supply of housing inventory, which is driving up prices and creating bidding wars. This is great news for sellers, but it can be very frustrating for buyers who are struggling to find their dream home.

 

In the month of June there were 378 active listings when this post was written. During the same time there were 283 properties sold. That puts us at a 1.3 months supply of inventory. A healthy market would be about a 5-6 month supply in inventory.

 

Will the market change? The Feds recently increased interest rates by .75%. They are also signaling another increase of .5 - .75% increase in July. Interest rates are on the rise, which will reduce purchasing power and may cause some buyers to reconsider their plans. However, buyer demand remains high at the moment. Only time will tell how these factors will impact the housing market in Orange County.

 

Are you thinking of selling your home? Now is the time. Buyers are motivated to be in their new home before school starts in the fall. Prices are at an all-time high, with the median sales price reaching $421,250  in May 2022. That's a 21.7% increase from May 2021. If you have been thinking of selling your home, now is the time to take advantage of this market.

 

Call me today to discuss your options and to schedule a listing appointment. I will provide you with a comparative market analysis of your home and develop a marketing strategy to get you the highest dollar value for your property.

 

Don't wait, the market is moving quickly. Call me today at 845-420-4562 to discuss how I can help.

 

Christopher Cammarata
Lic. R.E. Salesperson/Realtor and Team Leader of
The Premier Properties Sales Team at HomeSmart Homes and Estates
Call or Text:  845-420-4562
Visit me on the web @ www.ChrisCamm.com
Follow me on Facebook at www.fb.com/CPCamm

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Hudson Valley Real Estate Market: Current and Projected Trends

Posted On: May 29th, 2022 2:19PM

The Hudson Valley real estate market is constantly changing and evolving. Whether you are a homeowner looking to sell, a first-time homebuyer, or an investor, it's important to stay up-to-date on the latest trends. In this blog post, we will discuss the current state of the market and give our projections for where it is headed in the near future.

 

There has been a lot of talk in the news lately about a housing bubble. While it is true that prices in some areas of the country have been rising rapidly, experts are divided on whether or not this is a housing bubble. Some say that we are in the early stages of a housing bubble, while others say that the market has already begun to correct itself. Only time will tell what the future holds for the housing market.

 

The Feds have increased interest rates and this will certainly have an impact on the housing market, but will it cause it to crash? Let's go over a few variables that will influence the market conditions.

 

The inventory levels of homes for sale remain low.  This is especially true for entry-level homes. The combination of high demand and low inventory has resulted in bidding wars and rapidly escalating prices in many markets across the country.

 

The interest rates are still at historically low levels, but they have begun to rise. This will impact buyers who are on the fence about purchasing a home. If you're thinking about buying a home, it's important to get pre-approved for a mortgage before interest rates go up any higher.

 

Rising interest rates will also impact investors who purchase rental properties. As mortgage rates increase, the costs of owning rental property also increase. This could cause some investors to sell their rental properties and put their money into other investments.

 

Median sale prices continue to increase. Most recent statistics show that for Orange County, NY, median sale prices increased by 13.2% year over year (YOY). While the next 12 months growth may not be as high, it's still anticipated to increase.

 

As prices and interest rates rise, buyers become more conservative with their offers. Additionally, some buyers may be priced out of the market altogether.  Multiple offer scenarios may decrease as a result of the aforementioned.

 

As you can see, there are a lot of factors that can impact the market. It's important to stay up-to-date on the latest trends so that you can make informed decisions about buying or selling a home.

 

If you're thinking about buying or selling a home in the Hudson Valley, Premier Properties Sales Team can help. We are a team of experienced real estate professionals who are familiar with the local market. Contact us today to learn more!

 

Christopher Cammarata

Lic. R.E. Salesperson/Realtor and Team Leader of

The Premier Properties Sales Team at HomeSmart Homes and Estates

Call or Text:  845-420-4562

Email:  [email protected]

Visit me on the web @ www.ChrisCamm.com

Follow me on Facebook at www.fb.com/CPCamm

 

Meaghan Beck

Lic. R.E. Salesperson/Realtor

Call or Text:  845-770-7271

Email:  [email protected]

 

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Statistics of Today's Housing Market

Posted On: February 19th, 2022 7:34PM

Some crazy stats to consider...

 

-  In the last 24 hours 165 homes were listed in my local MLS.

-  In the last 24 hours 207 homes went pending in my local MLS

 

Inventory continues to shrink.  There are way more buyers than sellers.

 

-  In January of 2019 the median sales price in my MLS was $333,000

-  In January of 2020 the median sales price in my MLS was $360,000

-  In January of 2021 the median sales price in my MLS was $410,000

-  In January of 2022 the median sales price in my MLS was......$450,000

 

The point of all of this?  That’s a 35% increase from 2019.  If you have been thinking of selling, now is the perfect time!!  Let’s talk about your options and the equity you could walk away with!

 

If you have been thinking about buying but waiting for the market to drop, you are likely to be waiting for a while.  Call today to discuss strategies to employ to get your perfect house today!

 

#PremierPropertiesSalesTeam #SmartAgentChris #845Realtor #ChrisCamm

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55 Henry Ave

Posted On: January 20th, 2022 1:23AM

Even with seasonal slow down, the real estate market remains very active.  Inventory remains low for buyers that are looking to make a purchase.

 

The Premier Properties Sales Team is proud to introduce you to 55 Henry Ave, Newburgh, NY.  Contact us for an exclusive showing and/or if you have questions regarding the property.

 

Scan or click the QR Code to watch a video tour of the property.

 

QR Code for video tour of 55 Henry Ave

 

Click here for more information about 55 Henry Ave, Newburgh, NY.

 

 

 

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Best of Hudson Valley 2020: Best Realtor

Posted On: September 22nd, 2020 12:12AM

Hudson Valley Magazine has been reporting on the people, places and activities that define the beautiful and ever-evolving Hudson Valley region since 1972.  Annually, businesses are awarded the Best of Hudson Valley by a contest held by Hudson Valley Magazine.  Award winners are selected through voting by members of the community.

 

It is truly an honor to have been voted Best Realtor in the Hudson Valley. I take great pride in what I do and strive to go above and beyond for all of my clients. 

 

This year has been a very challenging year for all of us. During these unprecedented times,  I have  overcome obstacles and used my knowledge and skills to work with my clients  In doing so, I’ve been able to connect virtually when not able to do so physically and ensured continuity of services to meet my client’s needs and sales moving along.

 

The market has certainly shifted and inventory remains low.  As people look for properties outside of the NYC area, circumstances have made it a great time to sell.  You can get top dollar and leverage the equity to purchase a larger home for yourself or downsize.  With record low interest rates, getting a larger home doesn’t mean that you have to increase your monthly budget.

 

I don’t focus on one transaction; I focus on developing a relationship with you, my client.  Together, we’ll establish goals and implement them to meet your needs by incorporating real estate into your lifestyle and investment portfolio.

 

Some agents claim to be better than others, but you deserve the BEST.  I’m honored to receive the Best of Hudson Valley Award for Best Realtor in 2020.  Contact me today to discuss your goals and set up a plan on how to achieve them.  I look forward to hearing from you.


Chris Cammarata Best Realtor 2020


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