Real Estate Market Trends In Tarrytown NY July//August 2014

Inventory remained tight in Tarrytown this spring and we saw 4 single family closings in the month of July.  These numbers are down 55.6% from 9 the same time last year.  The sales/list price ratio moved up to 102.6% from 99.3% in June.  The median price in July was $970,393, up 104.5% from $474,500 last year.  This means that the homes that sold this month were of higher value.  inventory levels were 24 and down 20% from 30 in July 2013.  The average days on market of 130 was up substantially from 35 in June but down from 160 in July 2013.  

The summer months tend to slow as the market usually peaks in June.  Many purchasers want to be in by the summer so they can prepare for the school year.  Typically the market picks back up after Labor day for those that want to be in before the holidays.  This doesn't mean that there won't be any summer activity, just not as robust as the spring market.

The condo market saw 5 sales this July which is down 37.5% from 8 in July 2013.  The sales/list price ratio moved up to 99.3% from 91.9% in June.  The median price was $458,000, down 4.6% from $480,250 the same time last year.  Inventory was down to 22 units which is 45% less then July 2013.  The average days on market were 65, down substantially from 146 in June and considerably from 120 in July 2013.

Coop activity was also light with only 3 units sold and a sales/list price ratio in July of 91.3%.  The median price was $144,000 which was down a little from $170,000 in July 2013.  Inventory of 12 was down29.4% from 17 in July 2013.  The average days on market was 127.

If you have any questions about the Tarrytown Real Estate Market or other trends please feel free to contact me directly.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com

Accredited Buyer Representative

Real Estate associate Broker

William Raveis Legends Realty group

914.406.9023

chris@legendsrealtygroup.net

mrwestchester.blogspot.com

Croton-on-Hudson Real Estate Market Statistics June 2014

Single Family Homes

Sales

There were 7 unit sales in May. This is up 40.0% from 5 in May of 2013. This is the highest unit sales have been since 8 in September, 2013. Sales/list price ratio in May moved up to 97.6% from 86.3% in April.

Prices

Median price in May was $440,000. This is up 33.3% from $330,000 in May of 2013. This is the lowest median price has been since December, 2013. 3-month median price of $527,500 in May was down moderately from $745,000 in April but up considerably from $400,000 in May of 2013.

Inventory

Inventory of 73 in May was up 7.4% from 68 in April and up 1.4% from 72 in May of 2013. New listings of 25 in May were down considerably from 35 in April but up slightly from 21 in May of 2013. Months of supply of 10.8 in May was up just slightly from 10.3 in April but down a little from 11.4 in May of 2013. This is the highest months of supply has been since June, 2013.

Market Time

Days on market of 95 in May was way down from 206 in April and down substantially from 216 in May of 2013. This is the lowest days on market has been since December, 2013.

Condos

Prices

3-month median price in May was $505,000.

Inventory

Inventory of 12 in May was up 50.0% from 8 in April but down 25.0% from 16 in May of 2013. New listings of 8 in May were way up from 2 in April and up substantially from 4 in May of 2013. Months of supply of 16 in May was up considerably from 10.7 in April and up slightly from 14.8 in May of 2013. This is the highest months of supply has been since November, 2012.

Coops

Sales

Unit sales in May were 2. Sales/list price ratio in May was 84.0%.

Prices

Median price in May was $52,500. 3-month median price of $75,500 in May was down a little from $88,000 in April but up substantially from $45,750 in May of 2013.

Inventory

Inventory of 13 in May was down 13.3% from 15 in April and down 7.1% from 14 in May of 2013. New listings of 1 in May were down substantially from 5 in April and way down from 2 in May of 2013. Months of supply of 14.2 in May was down considerably from 20 in April and down moderately from 18.7 in May of 2013.

Market Time

Days on market in May was 45.

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

chris@legendsrealtygroup.net
mrwestchester.blogspot.com

Pleasantville Real Estate Market Statistics June 2014

Single Family Homes

Sales

Unit sales in May were 8, unchanged from the same month last year. Sales/list price ratio in May moved up to 98.7% from 97.1% in April.

Prices

Median price in May was $838,000. This is up 34.6% from $622,500 in May of 2013. 3-month median price of $697,750 in May was up a little from $662,500 in April and up slightly from $615,000 in May of 2013.

Inventory

Inventory of 72 in May was up 33.3% from 54 in April but down 19.1% from 89 in May of 2013. New listings of 28 in May were up somewhat from 23 in April and up substantially from 18 in May of 2013. Months of supply of 7.9 in May was up considerably from 5.9 in April but down somewhat from 10.9 in May of 2013. This is the highest months of supply has been since August, 2013.

Market Time

Days on market of 148 in May was down modestly from 182 in April but very slightly up from 143 in May of 2013.

Condos

Sales

There were 3 unit sales in May. This is up 50.0% from 2 in May of 2013. This is the highest unit sales have been since 4 in December, 2013. Sales/list price ratio in May moved up to 99.3% from 95.1% in April.

Prices

Median price in May was $247,000. This is down 11.6% from $279,500 in May of 2013. 3-month median price of $268,500 in May was down slightly from $309,500 in April but up just slightly from $262,500 in May of 2013.

Inventory

Inventory of 5 in May was down 28.6% from 7 in April and down 77.3% from 22 in May of 2013. New listings of 2 in May were down substantially from 5 in April and down considerably from 6 in May of 2013. Months of supply of 1.6 in May was down somewhat from 2.3 in April and down substantially from 13.2 in May of 2013.

Market Time

Days on market of 70 in May was up considerably from 55 in April and up slightly from 62 in May of 2013.

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

White Plains NY Real Estate Market Report June 2014

Single Family Homes

Sales

There were 11 unit sales in May. This is down 50.0% from 22 in May of 2013. This is the lowest unit sales have been since 8 in February, 2013. Sales/list price ratio in May moved up to 97.2% from 93.4% in April.

Prices

Median price in May was $645,000. This is up 21.1% from $532,500 in May of 2013. This is the highest median price has been since November, 2013. 3-month median price of $600,000 in May was down a little from $609,500 in April but up modestly from $517,500 in May of 2013.

Inventory

Inventory of 123 in May was up 16.0% from 106 in April but down 4.7% from 129 in May of 2013. New listings of 52 in May were up modestly from 47 in April and way up from 35 in May of 2013. Months of supply of 6.5 in May was up considerably from 5.4 in April but down modestly from 7.8 in May of 2013. This is the highest months of supply has been since November, 2013.

Market Time

Days on market of 131 in May was down slightly from 153 in April and down a little from 149 in May of 2013.

Condos

Sales

There were 15 unit sales in May. This is down 6.3% from 16 in May of 2013. This is the highest unit sales have been since 17 in October, 2013. Sales/list price ratio in May moved up to 97.9% from 97.6% in April.

Prices

Median price in May was $350,000. This is down 12.3% from $399,000 in May of 2013. 3-month median price of $437,500 in May was up slightly from $365,000 in April and up a little from $410,750 in May of 2013.

Inventory

Inventory of 77 in May was down 2.5% from 79 in April and down 18.1% from 94 in May of 2013. New listings of 20 in May were down considerably from 28 in April but up modestly from 17 in May of 2013. Months of supply of 6.1 in May was down marginally from 6.2 in April and down a little from 7 in May of 2013.

Market Time

Days on market of 72 in May was down moderately from 91 in April and way down from 191 in May of 2013.

Coops

Sales

There were 19 unit sales in May. This is up 26.7% from 15 in May of 2013. Sales/list price ratio in May moved up to 96.3% from 95.7% in April.

Prices

Median price in May was $159,000. This is down 5.9% from $169,000 in May of 2013. 3-month median price of $168,500 in May was up just slightly from $167,500 in April and up a little from $141,000 in May of 2013.

Inventory

Inventory this month is 141, the same as last month. New listings of 33 in May were down considerably from 42 in April but up slightly from 31 in May of 2013. Months of supply of 9 in May was down just slightly from 9.1 in April and down considerably from 15.3 in May of 2013. On a year-over-year basis, months of supply has been falling for 8 months.

Market Time

Days on market of 121 in May was way down from 196 in April and down substantially from 191 in May of 2013.

Multi Family Homes

Inventory

Inventory in May was 14, unchanged from the same month last year. New listings of 6 in May were up substantially from 2 in April and way up from 3 in May of 2013. Months of supply of 28 in May was up considerably from 18.9 in April and up substantially from 14 in May of 2013. This is the highest months of supply has been since December, 2010.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com

Accredited Buyer Representative

Real Estate Associate Broker

William Raveis Legends Realty Group

914.406.9023

chris@legendsrealtygroup.net

mrwestchester.blogspot.com

Bronxville NY Real Estate Market Report May 2014

Single Family Homes

Sales

There were 6 unit sales in April. This is down 53.8% from 13 in April of 2013. Sales/list price ratio in April moved up to 101.2% from 98.8% in March.

Prices

Median price in April was $1,737,500. This is up 13.9% from $1,525,000 in April of 2013. 3-month median price of $1,837,500 in April was up considerably from $1,450,000 in March and up substantially from $1,136,250 in April of 2013.

Inventory

Inventory of 57 in April was up 7.5% from 53 in March but down 54.8% from 126 in April of 2013. New listings of 17 in April were up moderately from 14 in March but way down from 36 in April of 2013. Months of supply of 4.5 in April was up a little from 4 in March but down substantially from 10.4 in April of 2013.

Market Time

Days on market of 72 in April was way down from 145 in March and down considerably from 171 in April of 2013. This is the lowest days on market has been since May, 2011.

Condos

Inventory

Inventory this month is 7, the same as last month. Months of supply of 4.2 in April was up considerably from 3.4 in March but down substantially from 7.8 in April of 2013.

Coops

Sales

There were 1 unit sales in April. This is down 93.3% from 15 in April of 2013. On a year-over-year basis, unit sales have been falling for 4 months. Sales/list price ratio in April moved up to 98.1% from 96.9% in March.

Prices

Median price in April was $205,000. This is down 12.8% from $235,000 in April of 2013. 3-month median price of $200,000 in April was up a little from $171,000 in March but down slightly from $212,500 in April of 2013.

Inventory

Inventory of 93 in April was down 3.1% from 96 in March and down 51.3% from 191 in April of 2013. New listings of 3 in April were way down from 7 in March and down substantially from 36 in April of 2013. Months of supply of 6.2 in April was very slightly up from 6 in March but way down from 12.8 in April of 2013.

Market Time

Days on market of 364 in April was up substantially from 135 in March and up considerably from 181 in April of 2013. This is the highest days on market has been since April, 2010.

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

chris@legendsrealtygroup.net

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

Rye NY Real Estate Market Report May 2014

Single Family Homes
Prices

3-month median price of $1,617,500 in April was down a little from $1,725,000 in March but up marginally from $1,600,000 in April of 2013.

Inventory

Inventory this month is 37, the same as last month. Months of supply of 2.1 in April was up marginally from 2 in March but down substantially from 10.1 in April of 2013.

Condos

Prices

3-month median price of $654,000 in April was way up from $424,950 in March and up considerably from $200,000 in April of 2013.

Coops
Prices

3-month median price of $467,500 in April was down just slightly from $484,000 in March but way up from $275,000 in April of 2013.

Inventory

Inventory 

this month is 6, the same as last month. Months of supply of 1.9 in April was up slightly from 1.8 in March but down considerably from 12.4 in April of 2013.

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

chris@legendsrealtygroup.net

Croton-on-Hudson Real Estate Market Report March 2014

Single Family Homes

Sales

There were 4 unit sales in March. This is down 60.0% from 10 in March of 2013. Sales/list price ratio in March moved up to 94.1% from 86.8% in February.

Prices

Median price in March was $685,000. This is up 64.2% from $417,250 in March of 2013. 3-month median price of $485,250 in March was up a little from $439,000 in February and up modestly from $415,000 in March of 2013.

Inventory

Inventory of 56 in March was up 5.7% from 53 in February and up 14.3% from 49 in March of 2013. New listings of 11 in March were up moderately from 9 in February and up somewhat from 9 in March of 2013. Months of supply of 8.1 in March was up a little from 7.1 in February but down just slightly from 8.2 in March of 2013.

Market Time

Days on market of 186 in March was up somewhat from 141 in February but down a little from 198 in March of 2013. This is the highest days on market has been since May, 2013.

Condos

Prices

3-month median price in March was $549,000.

Inventory

Inventory of 10 in March was up 66.7% from 6 in February but down 16.7% from 12 in March of 2013. New listings of 5 in March were way up from 1 in February and up considerably from 3 in March of 2013. Months of supply of 7.5 in March was up substantially from 4.5 in February and way up from 5.1 in March of 2013. This is the highest months of supply has been since November, 2012.

Coops

Inventory

Inventory in March was 10, unchanged from the same month last year. New listings of 1 in March were way down from 3 in February and down substantially from 2 in March of 2013. Months of supply of 5.7 in March was down a little from 6.7 in February and down slightly from 6.4 in March 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

Rye Real Estate Market Report March 2014

Sales

There were 1 unit sales in March. This is down 80.0% from 5 in March of 2013. Sales/list price ratio in March moved up to 97.4% from 91.3% in February.

Prices

Median price in March was $1,845,000. This is up 2.8% from $1,795,000 in March of 2013. This is the highest median price has been since May, 2013. 3-month median price of $1,725,000 in March was up a little from $1,545,000 in February and way up from $1,075,000 in March of 2013.

Inventory

Inventory of 53 in March was up 6.0% from 50 in February but down 60.4% from 134 in March of 2013. New listings of 4 in March were way down from 15 in February and down substantially from 36 in March of 2013. Months of supply of 2.8 in March was up a little from 2.6 in February but way down from 9.1 in March of 2013.

Market Time

Days on market of 27 in March was down substantially from 222 in February and down considerably from 136 in March of 2013.

Condos

Prices

3-month median price this month is $424,950, the same as last month.

Coops

Sales

There were 1 unit sales in March. This is down 80.0% from 5 in March of 2013. Sales/list price ratio in March moved down to 92.2% from 97.7% in February.

Prices

Median price in March was $530,000. This is up 94.9% from $272,000 in March of 2013. 3-month median price of $484,000 in March was way up from $324,000 in February but down a little from $525,000 in March of 2013.

Inventory

Inventory of 11 in March was up 10.0% from 10 in February but down 59.3% from 27 in March of 2013. New listings this month are 1, the same as last month. Months of supply of 3.4 in March was up somewhat from 2.8 in February but down considerably from 11.6 in March of 2013.

Market Time

Days on market of 145 in March was down moderately from 213 in February and way down from 362 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
mrwestchester.blogspot.com

Tarrytown Real Estate Market Report, March 2014

Sales

There were 3 unit sales in March. This is up 50.0% from 2 in March of 2013. This is the lowest unit sales have been since 2 in September, 2013. Sales/list price ratio in March moved up to 106.4% from 95.8% in February.

Prices

Median price in March was $520,000. This is down 51.6% from $1,073,931 in March of 2013. 3-month median price of $520,000 in March was up marginally from $497,500 in February and up a little from $486,000 in March of 2013.

Inventory

Inventory of 22 in March was down 4.3% from 23 in February and down 40.5% from 37 in March of 2013. New listings of 6 in March were down a little from 7 in February and down modestly from 7 in March of 2013. Months of supply of 4.6 in March was down slightly from 4.9 in February and down considerably from 9.7 in March of 2013.

Market Time

Days on market of 76 in March was down substantially from 182 in February and down marginally from 77 in March of 2013. This is the lowest days on market has been since September, 2013.

Condos

Prices

3-month median price of $508,500 in March was up modestly from $442,000 in February and up somewhat from $421,000 in March of 2013.

Inventory

Inventory of 15 in March was down 6.3% from 16 in February and down 64.3% from 42 in March of 2013. New listings this month are 3, the same as last month. Months of supply of 2.8 in March was down just slightly from 2.9 in February and way down from 9.8 in March of 2013.

Coops

Sales

Unit sales in March were 1. Sales/list price ratio in March was 95.0%.

Prices

Median price in March was $360,000. 3-month median price this month is $142,000, the same as last month.

Inventory

Inventory of 16 in March was up 14.3% from 14 in February and up 45.5% from 11 in March of 2013. New listings of 4 in March were down considerably from 6 in February but up substantially from 2 in March of 2013. Months of supply of 10 in March was up slightly from 8.4 in February and up considerably from 5.9 in March of 2013. This is the highest months of supply has been since September, 2013.

Market Time

Days on market in March was 182.

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
mrwestchester.blogspot.com