Larchmont NY is clearly one of the leaders in the Westchester County Real Estate Market. August closed out with 31 single family sales, up 3.3% from August 2013. The sales/list price ratio was also up to 101.9%, many homes sell over the asking price in Larchmont. The median price of $1,085,000 was down 4.7% and the price per sq. ft average was $458.
Inventory levels shrunk down to 57 single family homes compared to 69 in July and 73 in August 2013. Days on market averaged 34, down moderately from 43 in July and substantially from 73 this time last year.
Not much to report in the way of Larchmont condo sales, there was only 1 traded. This is due in part to lower inventory levels of 3 units in August compared to 12 in July and 21 in August 2013.
The Larchmont coop sector performed similarly with only 2 units closing. The median price was $379,000, the highest the median price has been since February 2014. Inventory levels are also much lower this month, decreasing to 10 from 31 compared to last August 2013.
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