Newfield Real Estate Update
By Linda Santos, Realtor - Ithaca Fingerlakes NY Real Estate
(Warren Real Estate)
Greetings real estate readers! I'm Linda Santos reporting from the Warren Real Estate offices in downtown Ithaca.In 2023 there were 38 residential sales in Newfield, in spite of interest rates doubling during the second half of the year. While Tompkins County overall took a loss of $30M last year, and 61 fewer homes sold in the county, Newfield had its best year ever in terms of the number of residential sales, along with an increase in the sold price per square foot/SF ($166.85). Year Res. Sales Avg. Sold Price Avg. DOM Avg. Sold price/SF 2019 25 191,163 85 124.79 2020 23 206,758 47 107.26 2021 29 245,830 46 161.07 2022 28 288,311 16 151.47 2023 38 237,569 10 166.85 2024 YTD 20 285,295 25 172.02 Newfield will likely end the year with a total of 28-32 residential sales. There are ...
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