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Old 02-01-2010, 08:21 AM
 
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I've move away, but I still have a house I'm thinking about putting on the market. Does anyone know if the real estate market and economy in general has improved since the last year or so. Anyone know about how Global Foundries/AMD is doing? Are people starting to relocate to Saratoga County or has it not had any impact?

Thanks!
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Old 02-02-2010, 03:45 PM
 
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In the last month two homes down the road have sold, which were on the market for about a year. They sold for about $5K below asking price. I have seen homes in Saratoga that have been on the market a long time and yet other expensive homes are selling. A friend, who owns a home construction company, recently sold a couple of homes, after about a year of very slow business. It appears people are buying to take advantage of the $8K tax credit. Not sure if I answered your question which I think will depend on your price, condition of house, etc.

To my knowledge they are building the AMD plant, but still has quite a ways to go.
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Old 02-02-2010, 06:14 PM
 
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Thank you for your response. Those bits of information are very informative.
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Old 02-02-2010, 10:34 PM
 
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It must only be the high-end that is slow. One of my co-workers was looking at townhouses in Clifton Park last year and placed bids on several. All of those ended up with multiple bids - one within a couple days of listing - and he eventually just stopped looking. Presumably many of the bidders were first time buyers and were trying to get the 8K credit (it was extended, but was supposed to have ended last year).
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Old 02-03-2010, 07:08 AM
 
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Not sure if only high end is slow, as some of the new penthouses of $1M have sold on Broadway. The homes that were on the market for a year sold for around $200K; newly built have sold for between $250K and $300K. A few models in the Parade of Homes sold ($900K and $650K). It appears to be a buyer's market and they want the best home for the best price. Can't blame them.
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Old 02-04-2010, 05:20 PM
 
Location: Old Forge, NY
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Saratoga County seems to be in great shape compared to the rest of the country. Last year it was still a high growth area and people were buying .

We sold our home for around $175k FSBO last May and we were under contract within a week. About a year ago, I talked to local agent and she said prices really aren't coming down yet but houses are staying on the market longer.

I'm curious if things have changed. I doubt they have much.
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Old 02-04-2010, 09:42 PM
 
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Read the other day that although the national home sales were down, Saratoga was up 21%
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Old 02-05-2010, 09:03 AM
 
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Quote:
Read the other day that although the national home sales were down, Saratoga was up 21%
Wow, that's nothing to sneeze at. I wonder how much of that is due to Global Foundries in Malta. My realtor sent me a bunch of stuff with really low prices, so she wasn't feeling very optimistic, based on sales these past few months. She did say the 200-350K range was doing well.
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Old 02-05-2010, 01:31 PM
 
Location: amsterdam ny
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Quote:
Originally Posted by Ellwood View Post
Read the other day that although the national home sales were down, Saratoga was up 21%
Where did you hear this?

According to Stats GCAR – Greater Capital Association of REALTORS For all of 2009, Saratoga County Total # of Sales Down 8%, and median price Down 6%.

For 2009, City of Saratoga Total # of Sales Down 26%, median price Down 3%.
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Old 02-05-2010, 04:08 PM
 
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Quote:
Originally Posted by rug city View Post
Where did you hear this?

According to Stats GCAR Greater Capital Association of REALTORS For all of 2009, Saratoga County Total # of Sales Down 8%, and median price Down 6%.

For 2009, City of Saratoga Total # of Sales Down 26%, median price Down 3%.

I heard it on the news in December when they reported nationally housing was down but up in Saratoga. This isn't the link but it does indicate that December sales had increased.
Positive Outlook for County Real Estate Market in 2010 - Saratoga News By Saratoga Today Newspaper - Your Source For Weekly Local Spa City News
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