> MCR City Report
New York's New City Homebuyers Not Chilled By The Cold
by Blanche Evans
New City, New York buyers are still coming out to buy homes, despite colder days, say local Realtors. "New City is suburban with a touch of sophistication," says Realtor Ron Chromey, "It's the center of Rockland County activity." Chromey explains, "New City is the center of Rockland County's business community, and it's where the county government offices are located. Even though New City is the county's busiest shopping district, it is suburban in nature, and northern New City is actually quite rural in personality. New City has always had the reputation as one of the safest places to live in America. It is part of Clarkstown, a larger area that comprises the villages of West Nyack, Bardonia, Congers, and Nanuet." About the market, Chromey says, "Property values in New City remain strong, with high demand due to low inventory and low interest rates. The median price of a home in New City is $522,000 and there were less than 150 homes available for sale. Homes range from the mid $400's to luxury homes starting in the $1.5 - $2 million range. Most homes in this market sell for 97 percent or more of the listing price." Says Realtor Susan Schwartz, "Sales of existing single-family homes in Rockland County increased 38.9 percent compared with December 2002. The median in Rockland County was $390,000 compared with $320,750, a 21.6 percent increase, said the Rockland Journal News 2/1/04." "New City is located just 20 minutes north of Manhattan, yet close enough to be able to take advantage of everything it has to offer," suggests Realtor Sheryl Vogel. "Rockland offers excellent schools, parklands, culture, camps, museums and more." Vogel advises, "The Rockland County and New City real estate market is extremely active. Buyers are still searching for homes as we enter the colder months. Mortgage rates remain low. Now is the time to act." |
