New Downward Trend in Contracts for Copake Lake Real Estate Market

Sales remained steady from last week to this week, with one home sold in the Copake Lake market over the last 30 days. However, a budding downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price in Copake Lake stayed put this week at $220,000. A downturn in contracts, coupled with the availability of seven months of inventory, prove that Copake Lake is a definite buyer's market.

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Demographic facts about Copake Lake:

  • There are 86.5 people per square mile in this area.
  • The lifestyle rating for this area is 62. (Scale: 1 = Worst, 100 = Best)
  • 77.7% of the residents travel to work in an automobile, 8.9% via carpool, and 1.7% by way of public transit.

Data reported through 10/12/2016

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