Tarrytown Real Estate Market Report, March 2014

Sales

There were 3 unit sales in March. This is up 50.0% from 2 in March of 2013. This is the lowest unit sales have been since 2 in September, 2013. Sales/list price ratio in March moved up to 106.4% from 95.8% in February.

Prices

Median price in March was $520,000. This is down 51.6% from $1,073,931 in March of 2013. 3-month median price of $520,000 in March was up marginally from $497,500 in February and up a little from $486,000 in March of 2013.

Inventory

Inventory of 22 in March was down 4.3% from 23 in February and down 40.5% from 37 in March of 2013. New listings of 6 in March were down a little from 7 in February and down modestly from 7 in March of 2013. Months of supply of 4.6 in March was down slightly from 4.9 in February and down considerably from 9.7 in March of 2013.

Market Time

Days on market of 76 in March was down substantially from 182 in February and down marginally from 77 in March of 2013. This is the lowest days on market has been since September, 2013.

Condos

Prices

3-month median price of $508,500 in March was up modestly from $442,000 in February and up somewhat from $421,000 in March of 2013.

Inventory

Inventory of 15 in March was down 6.3% from 16 in February and down 64.3% from 42 in March of 2013. New listings this month are 3, the same as last month. Months of supply of 2.8 in March was down just slightly from 2.9 in February and way down from 9.8 in March of 2013.

Coops

Sales

Unit sales in March were 1. Sales/list price ratio in March was 95.0%.

Prices

Median price in March was $360,000. 3-month median price this month is $142,000, the same as last month.

Inventory

Inventory of 16 in March was up 14.3% from 14 in February and up 45.5% from 11 in March of 2013. New listings of 4 in March were down considerably from 6 in February but up substantially from 2 in March of 2013. Months of supply of 10 in March was up slightly from 8.4 in February and up considerably from 5.9 in March of 2013. This is the highest months of supply has been since September, 2013.

Market Time

Days on market in March was 182.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
RealEstate Associate Broker
William Raveis Legends Realty Group

914.406.9023 cell
914.332.6300 office

chris@legendsrealtygroup.net
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