Tarrytown NY Residential Real Estate Market Report July 2014

Single Family Homes

Sales

There were 9 unit sales in June. This is up 350.0% from 2 in June of 2013. Sales/list price ratio in June moved up to 99.3% from 98.5% in May.

Prices

Median price in June was $580,000. This is down 44.6% from $1,047,097 in June of 2013. 3-month median price of $580,000 in June was up modestly from $530,000 in May but down marginally from $582,500 in June of 2013.

Inventory

Inventory of 27 in June was down 3.6% from 28 in May and down 15.6% from 32 in June of 2013. New listings of 6 in June were way down from 12 in May and down considerably from 8 in June of 2013. Months of supply of 5.1 in June was down modestly from 6 in May and way down from 8.2 in June of 2013.

Market Time

Days on market of 35 in June was down considerably from 205 in May and down substantially from 62 in June of 2013.

Condos

Sales

There were 6 unit sales in June. This is down 25.0% from 8 in June of 2013. This is the highest unit sales have been since 7 in December, 2013. Sales/list price ratio in June moved down to 91.9% from 98.2% in May.

Prices

Median price in June was $425,000. This is down 20.9% from $537,500 in June of 2013. 3-month median price of $410,000 in June was very slightly up from $395,500 in May but down substantially from $680,000 in June of 2013.

Inventory

Inventory of 23 in June was down 8.0% from 25 in May and down 48.9% from 45 in June of 2013. New listings in June were 7, unchanged from the same month last year. Months of supply of 4.6 in June was down a little from 4.8 in May and down substantially from 10.8 in June of 2013.

Market Time

Days on market of 146 in June was way up from 67 in May and up considerably from 75 in June of 2013.

Coops

Sales

There were 4 unit sales in June. This is up 300.0% from 1 in June of 2013. Sales/list price ratio in June was 97.3%.

Prices

Median price in June was $203,000. 3-month median price of $203,000 in June was down substantially from $360,000 in May but way up from $133,750 in June of 2013.

Inventory

Inventory of 13 in June was down 27.8% from 18 in May and down 18.8% from 16 in June of 2013. New listings of 4 in June were way up from 3 in May and up considerably from 2 in June of 2013. Months of supply of 9.8 in June was down substantially from 16.6 in May and way down from 14.8 in June of 2013. This is the lowest months of supply has been since January, 2014.

Market Time

Days on market in June was 56.

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

chris@legendsrealtygroup.net