Overall the county is seeing similar conditions to what we saw last spring, tight inventory and high buyer demand. Compared to this time last year, Westchester County saw a mighty 19.4% sales increase in the single family sector and 21% in the coops sector. The condo sector is struggling a bit and declined by 15.2% from last year. Single family nventory levels decreased in Westchester and the median sale price rose to $600,000 ($85,000 increase from last year).
The fact that there have many multiple bidding situations, prices were bound to inch upwards. Even the million dollar sector is back to levels that we saw pre-recession, making up 23% of the overall home sales this quarter!
It seems that The Westchester County real estate market is turning around for the better
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
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