Real estate: Growing disparity in Amenia

The Millerton News will periodically publish a listing of residential real estate sales in eastern Dutchess County and adjacent towns.

November real estate sales in Amenia showed the extreme bifurcation of local housing prices compared to homes and land in the Silo Ridge Club. There were nine sales recorded in Amenia in November: three in Silo Ridge, which were all above $4 million; and six outside the club, all below $260,000.

These results show the important difference between average and median prices in evaluating a real estate market. The average price of an Amenia property in November was $2.26 million compared to the median, or midpoint, price of $250,000.

Unlike most towns, Amenia has an ample inventory of properties. Silo Ridge has condos starting at $2.9 million; building lots for $2.86 million; and estates for up to $15 million. Outside the club, in the town, there were nine single-family homes actively listed for sale ranging from $339,000 to $8 million; and 15 parcels of vacant land for $14,999 to $6.9 million.

November 2023

4942 Route 22, a single-family home with 3 bedrooms, 2 bathrooms, sold for $260,000.

5251 Route 22, a single-family 2-bedroom, 1-bath home, sold for $237,500.

111 Redtail Pass, Silo Ridge Club, a single-family with an accessory apartment and 5 bedrooms, 6 baths and 2 half baths, sold for $8.75 million.

34 Peregrine Drive, Silo Ridge Club, a single-family with an accessory apartment and 5 bedrooms, 5 full baths and 2 half baths, sold for $6.5 million.

436 Bog Hollow Road, a two-family residence in need of renovation with 3 bedrooms, 2 baths, sold for $165,000.

6 Depot Hill, a three-family house with 5 bedrooms, 3 baths, sold for $250,000.

426 Old Route 22, a rural year-round residence with 6 bedrooms, 2 baths in poor condition on 152.9 acres, sold for $250,000.

66 Roundabout Way, Silo Ridge Club, a residential lot sold for $4.25 million.

Town of Amenia real estate sales recorded as sold between Nov. 1, 2023, and Nov. 30, 2023, sourced from monthly Dutchess County Real Property Tax Service Agency.

Compiled by Christine Bates, Real Estate Salesperson with William Pitt Sotheby’s International Realty, Licensed in CT and NY.