As expected, Tarrytown Single Family and Condo sales have cooled down a bit from the busy spring market. There were 4 single family sales which is up from 2 in September 2013 along with the sales/list price ratio of 97.6%. The median price was $517,500, up from $492,500 this time last year. Please note that this is the lowest the median price has been since March 2014.
Inventory levels of 26 are up 13% from 23 in August but down 25.7% from 35 in September 2013. The average days on market of 83 is way up from 52 in August and a bit from 70 in September 2013.
Tarrytown Condo sales were a total of 4 as well which is also up from 3 this time last year but the sales/list price ratio decreased 1%. The median price was #340,000, down from $499,000 in September 2013 and is the lowest the median price has been since April 2014.
Inventory levels of 19 units is down 9.5% from 21 in August and 40.6% from September 2013. The average days on market of 36 is down considerably from 147 in september 2013.
We should see more inventory come on in the coming months as many try to get a jump on the spring market. It seems that it starts earlier and earlier every year. The bottom line is that serious buyers will be out anytime of year. So if you are considering selling your home have your agent analyze the amount of inventory, absorption rate, and guide you accordingly.
Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.332.6300 office
914.406.9023 cell
mrwestchester.blogspot.com
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