Pine Plains median home price stays above $500,000

Pine Plains median home price stays above $500,000

Built in 2003 on 5.37 acres, the home at 546 Hicks Hill Road sold for $425,000 in December 2019 and resold this October for $732,000 — a sign of the continued rise in property values in Pine Plains.

Photo by Christine Bates

PINE PLAINS — For the 12-month period ending Oct. 31, the median sale price for a single-family home in Pine Plains was $537,500, while sales volume reached a record $24 million.

During the comparable period from Nov. 1, 2019, through Oct. 31, 2020, the median price was $270,000 and annual sales volume totaled just $12.8 million.

The current inventory of 12 homes for sale reflects a broad spread in price points, with four listed above $1 million and seven below the current median. Half of the homes on the market have recently reduced their asking prices.

October transfers

546 Hicks Hill Road — 3 bedroom/2.5 bath home on 5.37 acres sold to Alisa Kriegel for $732,000.

37 Stissing Mountain Drive — 3 bedroom/2 bath home on 6.91 acres sold to Stissing Mountain LLC for $711,000.

48 Woodside — 3 bedroom/2 bath home on .5 acres sold to Heather M. Porter for $360,000.

2365 Route 83 — 5 bedroom/2.5 bath homebuilt in 1860 and in need of renovation on 160.69 acres soldto Ashmore Family Farms LLCfor $850,000.

*Town of Pine Plains property transfers in October are sourced from Dutchess County Real Property Office. Details on each property from Dutchess Parcel Access. Market data from One Key MLS and Infosparks. Compiled by Christine Bates, Real Estate Advisor with William Pitt Sotheby’s International Realty, Licensed in Connecticut and New York.

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