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

Larchmont Real Estate Market Statistics June 2014

Single Family Homes

Sales

There were 12 unit sales in May. This is down 20.0% from 15 in May of 2013. Sales/list price ratio in May moved up to 100.8% from 99.5% in April.

Prices

Median price in May was $829,500. This is down 2.4% from $850,000 in May of 2013. This is the lowest median price has been since November, 2012. 3-month median price of $1,011,500 in May was down modestly from $1,189,750 in April but very slightly up from $991,111 in May of 2013.

Inventory

Inventory this month is 75, the same as last month. New listings of 41 in May were up a little from 39 in April but down somewhat from 52 in May of 2013. Months of supply this month is 4, the same as last month. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since October, 2013.

Market Time

Days on market of 77 in May was way down from 140 in April but up modestly from 66 in May of 2013.

Condos

Prices

3-month median price of $472,000 in May was down moderately from $635,000 in April and down a little from $510,500 in May of 2013.

Inventory

Inventory of 21 in May was up 16.7% from 18 in April and up 23.5% from 17 in May of 2013. New listings of 4 in May were up considerably from 2 in April but way down from 9 in May of 2013. Months of supply of 25.2 in May was up moderately from 19.6 in April and up considerably from 20.4 in May of 2013. This is the highest months of supply has been since November, 2013.

Coops

Sales

There were 3 unit sales in May. This is up 50.0% from 2 in May of 2013. Sales/list price ratio in May moved down to 92.5% from 99.2% in April.

Prices

Median price in May was $165,000. This is down 52.9% from $350,000 in May of 2013. This is the lowest median price has been since March, 2013. 3-month median price of $169,702 in May was down a little from $174,404 in April but up slightly from $156,000 in May of 2013.

Inventory

Inventory of 21 in May was up 10.5% from 19 in April but down 53.3% from 45 in May of 2013. New listings of 8 in May were up slightly from 7 in April but down moderately from 10 in May of 2013. Months of supply of 5.4 in May was up a little from 5 in April but way down from 12.9 in May of 2013.

Market Time

Days on market of 141 in May was up just slightly from 138 in April and up considerably from 107 in May of 2013.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com

Accredited Buyer Representative

Real Estate Associate Broker

William Raveis Legends Realty Group

914.406.9023 cell

914.332.6300 office

chris@legendsrealtygroup.net

mrwestchester.blogspot.com

Larchmont NY Real Estate Market Report May 2014

Single Family Homes

Sales

There were 5 unit sales in April. This is down 64.3% from 14 in April of 2013. This is the lowest unit sales have been since 4 in October, 2011. Sales/list price ratio in April moved up to 102.0% from 96.9% in March.

Prices

Median price in April was $753,000. This is down 28.0% from $1,045,556 in April of 2013. 3-month median price of $1,074,500 in April was down slightly from $1,184,500 in March and down just slightly from $1,086,250 in April of 2013.

Inventory

Inventory of 42 in April was up 7.7% from 39 in March but down 62.2% from 111 in April of 2013. New listings of 18 in April were down moderately from 25 in March and down considerably from 51 in April of 2013. Months of supply of 2.3 in April was up slightly from 2.1 in March but down substantially from 7.4 in April of 2013.

Market Time

Days on market of 178 in April was up a little from 163 in March and way up from 90 in April of 2013. This is the highest days on market has been since May, 2009.

Condos

Prices

3-month median price this month is $635,000, the same as last month.

Inventory

Inventory this month is 15, the same as last month. Months of supply of 20 in April was up slightly from 18 in March and up substantially from 10.7 in April of 2013. This is the highest months of supply has been since November, 2013.

Coops

Sales

There were 2 unit sales in April. This is down 33.3% from 3 in April of 2013. Sales/list price ratio in April moved up to 100.0% from 92.5% in March.

Prices

Median price in April was $192,500. This is up 11.3% from $173,000 in April of 2013. 3-month median price of $185,000 in April was down a little from $211,000 in March but way up from $138,250 in April of 2013.

Inventory

Inventory of 15 in April was down 21.1% from 19 in March and down 61.5% from 39 in April of 2013. New listings of 4 in April were way down from 6 in March and down substantially from 11 in April of 2013. Months of supply of 4.1 in April was down a little from 5.1 in March and way down from 10 in April of 2013.

Market Time

Days on market of 184 in April was up substantially from 25 in March and up considerably from 89 in April of 2013. This is the highest days on market has been since November, 2013.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com

Accredited Buyer Representative

Real Estate Associate Broker

William Raveis Legends Realty Group

chris@legendsrealtygroup.net

914.406.9023 cell

914.332.6300 office