Irvington NY Real Estate Market Report May 2016

Sales

There were 5 unit sales in April. This is up 25.0% from 4 in April of 2015. This is the highest unit sales have been since 6 in November, 2015. Sales/list price ratio in April moved down to 97.2% from 100.1% in March. 

Prices

Median price in April was $770,000. This is down 26.1% from $1,042,500 in April of 2015. This is the lowest median price has been since February, 2014. 3-month median price of $955,000 in April was down moderately from $1,350,000 in March and down slightly from $1,017,000 in April of 2015. Price per square foot in April was $325. This is down from $341 in March and down from $501 in April of 2015. 

Inventory

Inventory of 53 in April was up 15.2% from 46 in March and up 10.4% from 48 in April of 2015. New listings of 16 in April were up considerably from 11 in March but down moderately from 22 in April of 2015. Months of supply of 9.5 in April was up slightly from 8.4 in March and up considerably from 7.4 in April of 2015. This is the highest months of supply has been since September, 2015. 

Market Time

Days on market of 85 in April was down substantially from 181 in March but way up from 61 in April of 2015.

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White Plains NY Real Estate Market Report March 2016

Sales

There were 14 unit sales in February. This is down 6.7% from 15 in February of 2015. This is the lowest unit sales have been since 8 in April, 2015. Sales/list price ratio in February moved up to 99.6% from 99.0% in January.

Prices

Median price in February was $586,690. This is down 36.6% from $925,000 in February of 2015. 3-month median price of $627,500 in February was up slightly from $570,000 in January but down moderately from $821,250 in February of 2015. Price per square foot in February was $280. This is down from $293 in January and down from $299 in February of 2015.

Inventory

Inventory of 81 in February was up 22.7% from 66 in January and up 39.7% from 58 in February of 2015. New listings of 33 in February were up considerably from 11 in January and way up from 17 in February of 2015. Months of supply of 4.1 in February was up moderately from 3.3 in January and up considerably from 3.3 in February of 2015.

Market Time

Days on market of 105 in February was way up from 70 in January and up moderately from 84 in February of 2015. This is the highest days on market has been since April, 2015.

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Ardsley, Tarrytown, Sleepy Hollow, Dobbs Ferry, Hastings, & Irvington Real Estate Market Reports 2014

This year started off similar to last year with tight inventory and multiple buyers.  Sales for Ardlsey, Tarrytown, Irvington, Sleepy Hollow, Dobbs Ferry, and Hastings total 56 across the board with the majority in the $600,000-$700,000 and $1,000,000+ range.  This has to do with the average list price in those areas, very encouraging none the less.  As April approaches we hope to see a rise in inventory which is still very low in all of Westchester.  The good news for home sellers is tight inventory means more activity and multiple bidders in most cases.  Stay tuned for April's snapshot coming soon.  Please feel free to contact me with any questions or a complimenatry, customized, market analysis for your home.  If you are a buyer I can customize a market CMA to bring you up to speed on home values and making an offer.



Rivertowns Real Estate Agent, Tarrytown Buyers Agent, Tarrytown Real Estate Agent,

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Licensed Real Estate Associate Broker
William Raveis Legends Realty Group
914.332.6300 office
914.406.9023 cell
chris@LegendsRealtyGroup.net

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