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Adirondack Real is a unique showcase for Adirondack Great Camps, Adirondack Vacation Rentals, Adirondack mountain ski chalets, Adirondack log cabins, Adirondack fishing and hunting camps, Adirondack waterfront properties, charming country inns, B&B's as well as unique vacation rental properties throughout Upstate New York.

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St. Regis Lake Compound
137 Saint Regis Carry Rd Lake Clear NY 12945

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for an ASSOCIATED PRESS article with Rob Grant, President discussing the history of Adirondack property values and the impact on residents.
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Chasolen joins Rob Grant & Associates staff
SARANAC LAKE — Rob Grant & Associates, Real Estate, recently announced that Ruth Chasolen has joined its staff as a real estate sales agent. Grant said he was especially pleased that Chasolen came with a broad background in sales. click here for entire bio

Lake Placid Real Estate

Lake Placid is New York's Olympic Region offering year-round entertainment for the entire family. The Lake Placid Region is famous for hosting the 1932 and 1980 Winter Olympics. Lake Placid has also been host for a variety of world class events including the World Cup bobsled and luge, the Ironman Triathalon, international figure skating, Empire State Games and the "I Love NY" Horse Shows. The Lake Placid region offers visitors a rich variety of historic, artistic and cultural attractions.
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Time to buy or take cover? Reactions vary in wake of dismally slow July for Essex County real estate
By GEORGE EARL, Adirondack Daily Enterprise Staff Writer

At a time when the cost of gas and fuel oil are skyrocketing and sweeping state budget cuts are hitting the North Country, the New York State Association of Realtors is adding to the bad business news by reporting that July was one of its worst months ever for sales in Essex County: a decline of 65 percent from June and 68 percent from July a year ago.

Worry over the crumbling real estate market is being countered by some real estate agents who say that now is a good time to buy, but other sellers aren't quite as bullish.

The number of home sales by Realtors in Essex County took a sharp drop in July from the previous month, from 34 houses sold in June to only 12 in July, according to NYSAR's most recent report. By this time in 2006, Realtors had sold 807 homes in Essex County; this year they had sold 631 through July.

The median home sale price in Essex County in July had declined 47 percent since June, falling from $221,914 to $117,500. In July 2006, the median sale price was $185,000. In July 2007 it was $150,000 - 22 percent more than this July.

Statewide, NYSAR said the median home sale price has fallen from $243,000 in the second quarter of 2006 to $212,250 in 2008.

"It remains a good buyer's market," NYSAR spokesman Salvidore Prividera Jr. said. "We're past many of the financial difficulties in the credit market, and there are more options and bargains to be had." He said it's also not the worst time to list a home.

"Typical homeowners have been in a home for seven years," he said. "The median sales price statewide in 2001 was $127,000. In July of 2008, it was $229,000."

Laura Burns, the executive officer for Northern Adirondack Board of Realtors, said market performance varies by region.

"Days on market are high because prices aren't realistic," Burns said. "Recently we are noticing more price changes. Mortgage guys have also tightened up."

Burns said median sale prices have remained higher for longer in Essex County, in part due to the euphoria of the second-home market.

In Franklin County, she said the median sale price actually rose and that prices remain stable, although numbers were not available. She also said foreclosure rates are lower in the North Country and that none of NABOR's 166 Realtors have closed due to lack of business.

"They don't have the booms, and they don't have the busts," she said. "But sales are still low."

For instance, she said, the median home price in Franklin County is only $80,000. But Burns said that makes it a good place for first-time home buyers who can take advantage of the Federal Housing Stimulus Package.

"What the economic stimulus is really having an effect on is first-time home buyers," Burns said. "So I'm suspecting that people are getting off the fence and hitting the market. Federal assistance has more of an effect on less affluent communities."

Burns said mortgage rates are still good and prices have stabilized.

"People who are local are buying a house to live in it, and they are still building long-term equity," she said. "List prices are going to creep up next year."

Others take a more sober view of the market.

"We're essentially awash in unsold inventory," Saranac Lake real estate broker Rob Grant said. "People don't want to hear that, but if someone tells you otherwise, they are in denial."

Grant said that economic conditions in the Adirondacks make families particularly vulnerable, and while many are moving out, fewer are moving in.

"In our part of the woods, in the Adirondacks, we have seen a huge increase in the number of homes for sale," Grant said. "Right away, what that means is you've got that many more homes competing for fewer buyers."

He said several compounding factors in the Adirondacks mean a difficult market for most homes and that only the very high-end property sales remain strong.

"We just completed a $3 million sale on the west shore of Lake Placid. So the market is fragmented," he said. "Vacation homes and high end are doing well, but the rest is getting pounded."

"We've got a very powerful transformation happening where we have a credit crisis, we've got a very bad recession and extremely high property taxes, and that creates a perfect storm."

Grant said these economic problems will become especially acute this winter.

"We're ground zero in terms of the energy crisis," he said. "I see this winter as the critical tipping point for a lot of people, and I think we're going to see a lot of collateral damage in the market."

Saranac Lake Real Estate

Take a virtual tour of Saranac Lake & the Adirondacks & enjoy full color photos of hundreds of beautiful waterfront camps & vacation homes for rent and for sale throughout the North Country...All with the simple click of your mouse! Access the Multiple Listing Service to preview every property for sale in the Saranac Lake area & the Northern Adirondacks.
Looking for a vacation rental? Saranac Lake Real Estate also offers one of the regions largest vacation rental sites featuring Adirondack Great Camps, waterfront homes, ski chalets, log cabins & hundreds of vacation retreats. Saranac Lake Real Estate .com & Rob Grant & Associates is proud to be one of the largest & most respected Realtors in the Adirondacks!
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For Adirondack Log Cabins, Log Furniture & Adirondack Log Cabin Rentals
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Adirondacks Real Estate Company

To request a free relocation kit for any Region in New York State including the Adirondacks, Capitol-Saratoga Region, Catskills, Central New York- Leatherstocking Region, Chautagu-Allegheny, Finger Lakes, Hudson Valley, Long Island, New York City, Niagara Frontier and the Thousand Islands as well as the major cities listed below just fill out our simple relocation form!


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Adirondacks, New York, Resource Guides

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To receive relocation information for any of the cities listed below please call (518) 891-3745 or fill out our simple real estate relocation form

Adirondack Real Estate, AlbanyReal Estate, AmityvilleReal Estate, AuburnReal Estate, BataviaReal Estate, BinghamtonReal Estate, BrewsterReal Estate, BronxReal Estate, Bronxville Real Estate, Brooklyn Real Estate, Brookville Real Estate, Buffalo Real Estate, Catskills Real Estate, Chappaqua Real Estate, Corning Real Estate, Ellenville Real Estate, Elmira Real Estate, Garrison Real Estate, Geneva Real Estate, Glens Falls Real Estate, Haverstraw Real Estate, Hudson Real Estate, Hudson Valley Real Estate, Ithaca Real Estate, Jamestown Real Estate, Kiamesha Real Estate, Kingston Real Estate, Lake Placid Real Estate, LibertyReal Estate, Lockport Real Estate, Long Island Real Estate, Mahopac Real Estate, Manhattan Real Estate, Massena Real Estate, Middletown Real Estate, Monticello Real Estate, Mount Kisco Real Estate, Newburgh Real Estate, New City Real Estate, New Rochelle Real Estate, Niagara Falls Real Estate, North Babylon Real Estate, Nyack Real Estate, Oneida Real Estate, Oneonta Real Estate, Ossining Real Estate, Oswego Real Estate, Peekskill Real Estate, Plattsburgh Real Estate, Port Chester Real Estate, Potsdam Real Estate, Poughkeepsie Real Estate, Queens Real Estate, Rochester Real Estate, Saranac Lake Real Estate, Saratoga Springs Real Estate, Scarsdale Real Estate, Schenectady Real Estate, Spring Valley Real Estate, Staten Island Real Estate, Suffern Real Estate, Syracuse Real Estate, Tarrytown Real Estate, Tonawanda Real Estate, Troy Real Estate, Tupper Lake Real Estate, Utica Real Estate, Watertown Real Estate, White PlainsReal Estate, Woodstock Real Estate, Yonkers Real Estate



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