Capital Region Housing Market Making A Comeback - From WRGB 8/23/2012 : Community Partners Realty
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Capital Region Housing Market Making A Comeback - From WRGB 8/23/2012

by Community Partners Realty on 09/07/12

Capital Region housing market making a comeback ALBANY -- Anthony Gucciardo and his team of realtors have already sold 90 homes this year.
With 72 active listings in the Capital Region right now, he says he's seen a 20
percent increase in business over last year.

"Right now I have 32
pending transactions set to close by October first," said Gucciardo.

According to the Greater Capital Association of Realtors a
total of 716 homes sold during the month of July. Pending sales increased by 13
percent and the median sales price increased 4 percent to
$200,000.

"Last year things were sitting on the market a few months,
but Latham, Colonie the general Capital Region, if you price properties right
they'll generally sell within two weeks or two months."

Low interest
rates are what helped Eric Mackey purchase his new 2,500 square
foot house in Clifton Park.

"I picked up the house at a really great
time and its a golden opportunity; 3 percent is what we got it at for 15 years,
so couldn't ask for a better time to buy," said Mackey.

The house was
foreclosed on earlier this year, opening the door for Mackey and others like him
to take a risk. Gucciardo says others can too, as long as the price is right--
for the buyer and the seller.

"A good buyers market makes a good
sellers market because there's buyers out there. You need to be concerned when
nobody's looking," explained Gucciardo.

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