Tarrytown NY Single Family Homes Inventory Still Very Tight

Despite tight inventory levels in Tarrytown and Sleepy Hollow sales were up a bit in January with six closings total.  This is the highest single family homes sales have been since 9 in June 2014.  The sales/list price ratio decreased to 100.8% from 103.7.  This tells us homes are still selling for the asking price or more.

The median price in January was $613,750, up from $545,750 this time last year.  Inventory levels of 17 are up but down one from 18 in January 2014, not much change there.  New listings are still scarce with a total of 4 homes in January.  This should definitely improve over the next two months.  We have seen homes going to multiple bids in the first week on the market so far this season.

The average days on market of 161 in January was down a little from 168 in December but up moderately from 133 in January 2014.

Christopher Pagli
Licensed Real Estate Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group

914.332.6300 office

914.406.9023 cell

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Tarrytown NY Real Estate Market Update October 2014

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

 

Chris@LegendsRealtyGroup.net

mrwestchester.blogspot.com

Tarrytown NY Real Estate Report September 2014

As expected, we saw fewer Tarrytown single family home sales in August then the preceding spring market months.  This is most likely due to the fact that the majority of people that want to be in for the new school year have already closed.  The 5 single family sales were also down from 8 in August of 2013. The median sales price in August was $559,000 which is up 26% from this time last year!  Inventory levels of 23 are still down a bit from 24 in July, and 32 in August 2013.  

We haven't seen many new Tarrytown single family listings come on which doesn't surpirse at it is one of the slowest transition months of the year in Westchester County.  Lastly, the average days on market of 52 was down considerably from 130 in July and 109 in August 2013.

The Tarrytown condo sector performed very well in August with 8 sales.  Although this is down slightly from August 2013 it is the highest unit sales have been since October 2013.  The median price was $442,000 which is up 2.1% from last year.  Inventory levels of 21 were down 4.5% from 22 in July and down 43% from 37 in August 2013.  

This may be partly due to the addition of the Hudson Harbor condo community on theTarrytown waterfront, there were many sales in the complex last year.  The average days on market of 42 in August was way down from 153 in August 2013 and the lowest since May 2013.

There isn't much to report about the Tarrytown Coop sales as there were only 2 this month, down only by 1 from August 2013.  The median price was $212,000 which is up 123% from $95,000 in August 2013.  Inventory levels of 10 stayed the same as last month and only a few new listings have entered the marketplace.  The average days on market of 89 was down substantially from 178 in August 2013.  

Overall, properties are still selling rather quickly in Tarrytown and the shortage of inventory continues.  I am very optimistic about inventory throughout the county because I've noticed an increase in other parts of Westchester County since Labor day weekend, this we always expect.  

If you have any questions please feel free to contact me below

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