Second Quarter RE Market Results for Ardsley, Dobbs Ferry, Hastings-on-Hudson, Irvington, Tarrytown and Sleepy Hollow

According to the Westchester Multiple Listing Service the average sale price in the rivertowns is down this past quarter, over the same quarter last year, by $102,166, representing a 13.4% drop. The average sale price dropped from $762,874 to $660,708. The number of actual listings on the market for the same quarterly period is also down from 210 homes in 2010 to 178 homes this year, in the 6 villages combined. However the average days on the market, from the initial listing date until the final closing date, has decreased somewhat from 210 days in 2010 to 178 days in 2011. This information may tend to suggest that sellers are finally coming to grips with the current real estate market, pricing their homes accordingly and as a result selling them marginally faster. These numbers are somewhat less dramatic when spread out over all the villages and towns in the Westchester County area at large, as can be seen in the enclosed link:
http://www.randcenter.com/marketstatsprint.asp?AgentID=4607&cnt=Westchester&Headline=Rivertowns+Real+Estate+Market&D1=4/1/2011&D2=6/30/2011&D3=4/1/2010&D4=6/30/2010&R1ClosedCount=54&R2ClosedCount=79&R1ClosedCountcnt=995&R2ClosedCountcnt=1203&R1AskingAverage=688058.74074&R2AskingAverage=808072.759493&R1AskingAveragecnt=901871.318592&R2AskingAveragecnt=861296.919368&R1ClosedAverage=660707.962962&R2ClosedAverage=762874.240506&R1ClosedAveragecnt=853438.900502&R2ClosedAveragecnt=813370.453034&R1SoldMedian=603500&R2SoldMedian=670000&R1SoldMediancnt=615000&R2SoldMediancnt=605000&R1ListedMedian=629000&R2ListedMedian=715000&R1ListedMediancnt=699999&R2ListedMediancnt=649222&R1DaysMarket=178&R2DaysMarket=210&R1DaysMarketcnt=187&R2DaysMarketcnt=181&R1ListedCount=172&R2ListedCount=205&R1ListedCountcnt=3324&R2ListedCountcnt=3458&R1P=0&R2P=0&R3P=8&R4P=6&R5P=12&R6P=7&R7P=8&R8P=5&R9P=4&R10P=4&R11P=0&R12P=0&R13P=4&R1Pcnt=26&R2Pcnt=56&R3Pcnt=101&R4Pcnt=163&R5Pcnt=126&R6Pcnt=89&R7Pcnt=79&R8Pcnt=58&R9Pcnt=63&R10Pcnt=114&R11Pcnt=56&R12Pcnt=64&R13Pcnt=234&TotalActive=274&TotalActivecnt=4479

%d bloggers like this: