Recent Price Reductions in the Averill Park area

As the market continues to settle real estate agents need to continue price reductions on homes that are currently listed. Pricing homes is not an exact science and we generally use a combination of several methods to determine the best listing price - we review homes that have recently been listed, those that have recently sold, and those that have recently gone under contract. We compare and contrast the houses on several dozen levels - including square footage, acreage, age, number of bedrooms, number of bathrooms, cosmetics, exterior amenities, heat source, road frontage, mechanical conditions, neighborhood, and more! We often determine a price per square foot and are able to get a price range based on that number - the more motivated a seller is the lower a price should be in the range. Unfortunately most people still believe their houses should be priced above the range.

What happens when a house needs a price reduction? Well, the longer a house sits on the market the staler a listing appears to be - and often buyers wonder what’s wrong with it? Generally a price reduction reintroduces the house to buyers looking for a property in the area and introduces the property to new buyers. It’s never fun to admit that our exact science is not exact, but as the market continues to fluctuate sellers need to as well.

398 Burden Lake Road, Averill Park NY, $299,900

Stamped Concrete Walk-way invites you in to this New Cape Cod nicely positioned on a 1.5 acre lot with lovely country views. Quality craftsmanship abounds in this spacious three + bedroom home. First floor Master Suite with soaking garden tub! Large eat in kitchen with stainless stove, dishwasher + breakfast bar. First Floor Laundry Rm, Living Rm with gas fireplace & upgraded Berber carpet. Two car garage, breezeway, and a relaxing private deck. Immediate Occupancy! Listed by Heartland Homes.

3010 NY RT 43, Averill Park, NY $153,900

Want to save gas? See this quaint 1830’s colonial in Averill Park village that is walking distance to Crystal Lake, shopping, church, schools, restaurants & post office. Recent renovations: wall between kitchen/Dining Room removed to create space, wood floors refinished + new linoleum, all cleaned & painted throughout with out compromising the original charm of this vintage home  bath off laundry room needs total rehab. Room for home business with private entryway. Yard has stream, bordering stonewall with lilacs, mature trees & room for garden. Listed by Bovair Properties.

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