Increased High-End Sales Point to a Robust Hudson Valley Luxury Real Estate Market

Ellis Sotheby’s International Realty today announced an increase in high-end sales year over year, pointing to a robust Hudson Valley luxury real estate market, particularly in Rockland’s Gold Coast, the Hudson River communities from Snedens Landing to Upper Nyack.

According to the Hudson Gateway Association of REALTORS^® and non-Multiple Listing Service transactions, as of the first six months of 2016 Ellis Sotheby’s International Realty has 41.32 percent market share in Rockland County for sales greater than $1 million and 64.38 percent for sales greater than $2 million.

“The significance of these statistics is that they indicate a healthy growth in the high-end market,” said Richard Ellis, owner of Ellis Sotheby’s International Realty. “The luxury market sets the pace for the overall market, so these are all positive indications for the Hudson Valley.”

This home at 14 Lawrence Lane in Palisades, New York, recently sold for $4,287,500, the highest year-to-date sale in the market. The sale was brokered by Ellis Sotheby’s International Realty of Nyack, New York.

Ellis Sotheby’s International Realty also held Rockland County’s highest sale year to date − 14 Lawrence Lane in Palisades − for $4,287,500. The home also was the second highest sale in Snedens Landing in five years. Three out of the top 10 agents who have sold single family homes in Rockland County for the same time period are affiliated with the brokerage.

“I am proud that my firm continues to hold the top position for single-family homes sold in Rockland County and in the river towns of Grandview, Nyack, Palisades, Piermont, South Nyack, Upper Grandview and Upper Nyack,” said Ellis. “Ellis Sotheby’s International Realty also holds the highest average sales price for single-family homes in Rockland County, at $1,154,407. As well, we are up 57 percent over last year, semi annually, year-over-year in dollar sales volume for closed transactions.”