The Harbors at Haverstraw : July 2010 Real Estate Update:

Good evening everybody! How are you?

This blog is to all of you who read this blog to find out information about real estate transactions down here on the beautiful Hudson river at The Harbors at Haverstraw. I will break this down into 3 sections, Part1will include information about the home(s) that is under contract/UC and those that have closed (title transferred/TT) or leased/L. Part 2 will show you all the current listings with info.

Lets, get into it. Keep in mind, all of this information is coming from the Greater Hudson Valley MLS

Part 1 On March 3, 2008 1324 Round Pointe Drive came onto the market at $549,900, 2 years and 4 months later, it is now under contract, the listing price was $350,000, this unit was gorgeous and had views of river and pool, over 1600 sq. ft., unreal! I will let you know in my next update if and when it closes for and for ho much.

Since November 1, 2007, there has been 9 re-sales (not the sale of new construction) at the Harbors, 7 of them were condos 4 in the Clubhouse and 3 in Bayside respectively, 2 of them were town homes both inland town homes not waterfront.

Since November 1, 2008, there has been 5 re-sales at the Harbors at Haverstraw; 1 town home (18 Harbor Pointe Drive sold for $500,000 on 12/4/08 - 3 beds 3.1 bath 2560 sq. ft. Gabriel II) & 4 condos (2 Bayside/ 2 Clubhouse)

Since November 1, 2009 there has been 1 re-sale , 3213 Leeward Drive 2 bed/2 bath with a den.

So, those are the numbers, do they surprise you? Is it what you expected? That means that only 5 re-sales have closed since 11/1/2008. Which means every 4 months there is a closing. I think that rates is way to slow which brings me to my next point in Part 2

Part 2

Here is some more news to chew on, there are currently 24 re-sales at the Harbors at Haverstraw; 8 town homes (3 waterfront, 5 inland), 16 condos (13 in the Clubhouse, 3 in the Bayside). If the market continues at the same pace it will take 8 years to sell 24 homes. Now, don’t freak out, although activity has clearly gotten better over the past year in Rockland County, it seems that the Harbors has not benefited from the recent upswing in homes that were under contract possibly b/c of the home buyer tax credit and the low interest rates. On the bright side since June 1, 2009, there has been 4 closings; all condos (2 Bayside & 2 Clubhouse), which means that in the past year every 3 months a home sold so, it wouldn’t be until 2016 until all of the current homes sell. Now, if the downtown adds a few more nice restaurants that other business can then feed off of. Only if Haverstraw becomes what we all know it can and what it is all ready on its way in doing, you will see a direct correlation between sales here and revitalization her at the Harbors at Haverstraw.

Ok, those 24 listings, lets break those down. Since March 1, 2010, there has been 20 new listings at the Harbors at Haverstraw! I guess everybody is bouncing from this place, after all, this is a community made up of all different types of people who are moving to and from places with different situations in life.

I just hope that these homes will sell and not all turn in to rental properties, which seems to be a good way out for a seller who needs to move on with there life.

If you know anybody that you think would be a perfect fit for our community please have them contact me.

Until next time…

Adam Stein - www.harborsbroker.com -845.323.9709 - adam.stein - Wright Bros. RE

Address	Bed/Bath	Condo /Townhome	Listing Price	Taxes	CC & HOA	List Date
1 Edge Water Lane	3/3.1	Townhome	$869,000	$23,811	$435	5/12/09
5 Harbor Pointe Drive	3/3.2	Townhome	$725,000	$14,805	$350	4/7/10
35 Bridge Lane	3/3.1	Townhome	$650,000	$13,984	$356	5/6/10
24 Lagoon Lane	3/3.1	Townhome	$599,000	$18,630	$370	3/4/10
28 Lagoon Lane	2/2.1	Townhome	$525,000	$17,097	$312	4/23/09
16 Bridge Lane	3/3.1	Townhome	$499,900	$13,440	$340	1/25/10
26 Harbor Pointe Drive #102	2/2.1	Townhome	$499,000		$310	8/24/09
1119 Round Pointe Drive	2/2	Condo (Clubhouse)	$459,900	$6,010	$403	6/24/10
1412 Round Pointe Drive	2/2	Condo w/ loft (Clubhouse)	$425,000	$9,250	$450	7/12/10
16 Leeward Drive	3/3.2	Townhome	$415,000	$10,501	$335	2/4/10
1110 Round Pointe Drive	1/1.1	Condo (Clubhouse)	$405,000	$7,615	$317	11/2/09
3209 Leeward Drive	2/2	Condo(Clubhouse)	$405,000	$7,259	$400	4/20/10
1122 Round Pointe Drive	2/2	Condo (Clubhouse)	$399,000	$9,666	$394	7/2/09
1218 Round Pointe Drive	2/2	Condo (Clubhouse)	$379,000		$378	6/8/10
1222 Round Pointe Drive	2/2	Condo (Clubhouse)	$375,000	$9,463	$393	1/20/10
3205 Leeward Drive	2/2.1	Condo (Bayside)	$375,000	$10,096	$510	5/17/10
1208 Round Pointe Drive	2/2	Condo (Clubhouse)	375,000	$7,828	$411	6/18/10
1304 Round Pointe Drive		Condo (Clubhouse)	$369,900	$7,200	$385	8/3/09
2113 Round Pointe Drive	2/2	Condo (Parkside)	$367,900	$8,336	$496	3/23/10
1113 Round Pointe Drive	2/2	Condo (Clubhouse)	$360,000	$7,390	$406	3/29/10
3415 Leeward Drive	2/2	Condo w/ loft (Bayside)	$350,000	$6,583	$383	5/6/10
1118 Round Pointe Drive	2/2	Condo (Clubhouse)	$349,000	$8,824	$378	5/11/09
2110 Round Pointe Drive	2/2	Condo(Parkside)	$329,900	$7,786	$482	3/23/10
1410 Round Pointe Drive	1/1	Condo w/ loft (Clubhouse)	$319,00	$8,099	$395	3/1/10
1301 Round Pointe Drive	2/2	Condo (Clubhouse)	$300,000	$8,900	$425	10/16/08
1105 Round Pointe Drive	Studio	Condo (Clubhouse)	$265,000	$5,274	$192	6/25/10
2115 Round Pointe Drive	1/1.1	Condo (Parkside)	$252,400	$6,106	$302	3/23/10