The sales statistics for single family homes in the municipalities of Bedford and Lewisboro, Westchester County, New York for the years 2005, 2006 and 2007 indicate just what we would suspected. Homes are on the market longer and the number of sales have dropped. The average price of a single family increased over the base year of 2005. The following are the statistics released by the Westchester Putnam Multiple Listing Service;
BEDFORD MUNICIPALITY
Year Number of Sales Average Price Median Price DOM
2005 204 $1,342,803. $866.500. 147
2006 173 $1,641,847. $999,000. 163
2007 189 $1,603,564 $980,000. 190
LEWISBORO MUNICIPALITY
2005 168 $934,452. $744,500. 144
2006 117 $977,060. $793,000. 182
2007 131 $935,117. $825,000. 167
While the statistics involve two municipalities in Westchester County, New York. What this study should indicate to a reader is do not overprice you house in this market because the inventory stays on the market longer.
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