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Thursday, 18 May 2017 23:34

Saratoga County Index Released

MALTA — Saratoga County is outpacing the Capital Region – and in some cases, New York state and the nation – in several key economic indicators that portray a strong economy well positioned for growth, according to a first-ever index released earlier this month by the Saratoga County Prosperity Partnership.

The Saratoga County Economic Index includes key indicators such as unemployment levels, labor force participation, household income, and the strength of the housing sector.

The vibrancy of the county’s economy is illustrated by a host of data contained in the index, including: an unemployment rate at its lowest level since 2007, the lowest in the Capital Region and lower than New York state; participation in the labor force, at 68 percent, outpaces the Capital Region, the state, and the nation; median household income, at $71,496 annually, outpaces both the Capital Region and the state by just over 20 percent, and nationally by 33 percent; overall, housing permits have trended up since 2006; total value of multi-family housing permits has risen 30 percent since 2005, more than twice that of the Capital Region; and total value of single-family housing permits has begun trending upward over the past year, reversing a 21 percent decline since 2005, which was less severe than the drop of 35 percent in the Capital Region. 

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Property Transactions

  • TOWN OF BALLSTON  15 Lancaster Court, $499,000. Timothy and Amber Miller sold property to Douglas and Martha Melville.  31 McMaster Street, $310,000. Kevin Vilardo (by Atty) and Christine Vilardo (Ind and as Atty) sold property to Daniel and Chelsea Leatham. 69 Lake Hill Road, $185,000. Earl Zip sold property to Eugene and Shannon Clark. 4 Apple Street, $314,000. Phillip Heinrichs sold property to Jennifer and Benjamin Krohn. 329 Moonlight Drive, $257,000. Thomas Benuscak sold property to Phillip Brown.  Lot 15 MacKenna Court, $545,954. John Paul Builders LLC sold property to Thomas and Erin Lavertu.  CHARLTON 239 Stage Road, $232,000. Geoffrey…
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