PLEASANTVILLE, N.Y. - Despite the state of the current economy, home sales in Pleasantville have gone up over the past year and local real estate experts say it could be a sign that prices are the lowest that they could go.
"We're certainly trending up," said Tom Consaga, manager with RE/MAX Ace Realty in Pleasantville. "As we go back a year, the prices are about the same but significantly more sales and a little less time on the market."
Consaga said that over the course of the last six months of 2012, 61 homes were purchased in Pleasantville for an average price of $642,336. Those purchased homes stayed on the market for an average of 152 days. One year earlier, in the second half of 2011, only 39 homes were sold in Pleasantville for an average of $649,156, a slight increase. Those homes stayed on the market for an average of 170 days.
"The perception is that the prices have stopped falling and amazing interest rates are really driving the sales," Consaga said. "It's a pure buyer's market and the people who need to buy and can buy, are being active."
Despite things looking good in the Pleasantville real estate market in the short term, Consaga said he doesn't expect it to be long term until the economy starts trending upwards as well.
"Until we see a significant downward trend in the unemployment rate and some confidence comes back to corporate America, we're not going to see a great breakout year of amazing real estate sales," Consaga said. "However, we do have improving sales and good sales."
For Pleasantville residents looking to sell their homes, Consaga said it's about strategy and the little things that make a difference in getting the most money.
"The strategy of pricing a little high to test the market is a terrible strategy these days because it can scare off the buyer," Consaga said. "Just making sure that the house is presented in good light because the houses that are the ones in good condition with few problems that are priced right are the ones that are having no problems with selling."