Mount Kisco Residential Real Estate Report March 2014

Single Family Homes

Sales

There were 2 unit sales in March. This is down 33.3% from 3 in March of 2013. Sales/list price ratio in March moved down to 94.2% from 97.8% in February.

Prices

Median price in March was $404,250. This is down 23.4% from $527,500 in March of 2013. 3-month median price of $486,750 in March was down a little from $525,000 in February and down slightly from $515,000 in March of 2013.

Inventory

Inventory of 15 in March was down 25.0% from 20 in February and down 40.0% from 25 in March of 2013. New listings of 2 in March were way down from 7 in February and down substantially from 9 in March of 2013. Months of supply of 3.4 in March was down considerably from 4.4 in February and way down from 6.8 in March of 2013. On a year-over-year basis, months of supply has been falling for 5 months.

Market Time

Days on market of 134 in March was up substantially from 83 in February but down considerably from 228 in March of 2013. This is the highest days on market has been since June, 2013.

Condos

Sales

Unit sales in March were 1, unchanged from the same month last year. Sales/list price ratio in March moved up to 95.6% from 94.4% in February.

Prices

Median price in March was $430,000. This is up 58.1% from $272,000 in March of 2013. 3-month median price of $362,000 in March was up a little from $339,000 in February and up somewhat from $273,500 in March of 2013.

Inventory

Inventory of 14 in March was down 6.7% from 15 in February and down 33.3% from 21 in March of 2013. New listings of 1 in March were way down from 4 in February and down substantially from 4 in March of 2013. Months of supply of 7 in March was down a little from 7.5 in February and way down from 10.5 in March of 2013.

Market Time

Days on market of 173 in March was up modestly from 154 in February but down considerably from 249 in March of 2013.

Coops

Sales

Unit sales in March were 1, unchanged from the same month last year. Sales/list price ratio in March moved up to 98.0% from 94.1% in February.

Prices

Median price in March was $147,000. This is down 36.1% from $230,000 in March of 2013. This is the highest median price has been since March, 2013. 3-month median price of $127,000 in March was up considerably from $98,500 in February but down moderately from $174,000 in March of 2013.

Inventory

Inventory of 24 in March was down 7.7% from 26 in February and down 38.5% from 39 in March of 2013. New listings this month are 5, the same as last month. Months of supply of 12.5 in March was down a little from 13.6 in February and down substantially from 19.5 in March of 2013.

Market Time

Days on market of 216 in March was down slightly from 230 in February but up a little from 190 in March of 2013.

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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