Recent Housing Prices and The Donut Effect
Seeing double digit growth across the region.
The Times Union posted some data from Zillow regarding home prices in the region. Beacon’s increased 13% from a year ago, to an average of $481,090.
Here are some additional regions with high growth:
These figures range from 11% to 24% (the largest spurt was in Stone Ridge, a neighborhood to the west of Kingston).
Matt Rocheleau writes:
From the Capital Region to the Catskills and Hudson Valley, home values have increased sharply, with most communities seeing double-digit percentage increases over just the past year.
In some ZIP codes, the spike in home values has been particularly dramatic with the average estimated home value climbing more than 30 percent over the past 12 months, according to data provided by real estate company Zillow.
These data are just more support for the ‘Donut Effect’ I’ve written about recently in The River and summarized here in The Donut Effect.