Larchmont NY Real Estate Market Statistics July 2014

Single Family Homes

Sales

There were 37 unit sales in June. This is up 15.6% from 32 in June of 2013. This is the highest unit sales have been since 43 in July, 2013. Sales/list price ratio in June moved up to 101.5% from 100.8% in May.

Prices

Median price in June was $1,213,818. This is up 14.2% from $1,062,500 in June of 2013. 3-month median price of $1,055,500 in June was up just slightly from $1,011,500 in May and up slightly from $995,000 in June of 2013.

Inventory

Inventory of 80 in June was up 6.7% from 75 in May but down 25.2% from 107 in June of 2013. New listings of 33 in June were down slightly from 41 in May but up considerably from 22 in June of 2013. Months of supply of 4.2 in June was up just slightly from 4 in May but way down from 6.8 in June of 2013. On a year-over-year basis, months of supply has been rising for 5 months. This is the highest months of supply has been since October, 2013.

Market Time

Days on market of 37 in June was down considerably from 77 in May and down substantially from 73 in June of 2013.

Condos

Prices

3-month median price this month is $472,000, the same as last month.

Inventory

Inventory in June was 17, unchanged from the same month last year. New listings of 1 in June were down considerably from 4 in May but up from 0 in June of 2013. Months of supply in June was 20.4, unchanged from the same month last year.

Coops

Sales

There were 4 unit sales in June. This is down 20.0% from 5 in June of 2013. This is the highest unit sales have been since 5 in January, 2014. Sales/list price ratio in June moved up to 98.2% from 92.5% in May.

Prices

Median price in June was $330,000. This is up 88.6% from $175,000 in June of 2013. 3-month median price of $222,500 in June was up considerably from $169,702 in May and up marginally from $216,250 in June of 2013.

Inventory

Inventory of 17 in June was down 15.0% from 20 in May and down 60.5% from 43 in June of 2013. New listings of 5 in June were way down from 8 in May and down modestly from 6 in June of 2013. Months of supply of 4.4 in June was down a little from 5.1 in May and way down from 12.3 in June of 2013.

Market Time

Days on market of 95 in June was down moderately from 141 in May and down considerably from 300 in June of 2013.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023

chris@legendsrealtygroup.net