Rockland County Luxury Real Estate Market Sees Record Sales

Ellis Sotheby’s International Realty today announced a record-breaking 2015 in sales and predicted continued market growth in Rockland County this year.

Last year the firm captured 25 percent market share for homes that sold or were pending sale for over $1 million in Rockland County. In addition, it handled five of six sales valued at $2 million or more in the county.

Ellis Sotheby’s International Realty was the only broker with sales of $3 million or more in Rockland County. During 2015 and the last 10 of 11 years, it achieved the highest selling price of any single property in the county.

1 Castle Road, Piermont | $5,025,000 USD | Sold: September 2015

“Last year saw many achievements for our firm, demonstrating our continuing success in the luxury market and deep knowledge of the beautiful areas we have proudly served for 30 years,” said Richard Ellis, owner of Ellis Sotheby’s International Realty.

“All indicators point to a growth market for 2016, given more units are selling, especially in the high end,” he said “We have not truly seen an overall increase in price, but I expect our market will turn that corner this year.”

The Hudson Gateway Association of Realtors ranked Ellis Sotheby’s International Realty fifth for 2015 Rockland County sales, based on dollar volume, with an average selling price of $781,000 ─ one of the Multiple Listing Service’s highest. The firm also is affiliated with two of the MLS’ top 10 selling agents in 2015: Hamid Moghadam and Richard Ellis.

“We are seeing an increase in clients looking for luxury properties priced greater than $1 million,” Ellis said. “The Hudson River communities continue to be hot markets. More New Yorkers are choosing to search Rockland and Orange counties for properties, and many buyers ─ including international buyers ─ are initiating their property searches based on lifestyle and home features.”