Single Family Homes
Sales
There were 13 unit sales in February. This is up 8.3% from 12 in February of 2013. Sales/list price ratio in February moved down to 91.3% from 103.0% in January.
Prices
Median price in February was $1,390,000. This is up 19.1% from $1,167,000 in February of 2013. 3-month median price of $1,545,000 in February was down marginally from $1,560,000 in January but up a little from $1,343,500 in February of 2013.
Inventory
Inventory of 92 in February was up 10.8% from 83 in January but down 27.6% from 127 in February of 2013. New listings of 26 in February were up considerably from 21 in January but down modestly from 30 in February of 2013. Months of supply of 4.8 in February was up slightly from 4.4 in January but down considerably from 8.4 in February of 2013.
Market Time
Days on market of 222 in February was up substantially from 103 in January and way up from 154 in February of 2013. This is the highest days on market has been since April, 2013.
Condos
Sales
Unit sales in February were 2. Sales/list price ratio in February was 100.7%.
Prices
Median price in February was $654,000. 3-month median price of $424,950 in February was up substantially from $299,000 in January and up considerably from $205,000 in February of 2013.
Inventory
Inventory of 1 in February was down 66.7% from 3 in January and down 91.7% from 12 in February of 2013. Months of supply of.6 in February was down considerably from 1.9 in January and way down from 5.5 in February of 2013. On a year-over-year basis, months of supply has been falling for 4 months.
Market Time
Days on market in February was 251.
Coops
Sales
There were 5 unit sales in February. This is up 150.0% from 2 in February of 2013. Sales/list price ratio in February moved up to 97.7% from 96.4% in January.
Prices
Median price in February was $405,000. This is down 34.7% from $620,000 in February of 2013. 3-month median price of $324,000 in February was up slightly from $275,500 in January but down considerably from $550,000 in February of 2013.
Inventory
Inventory of 22 in February was down 21.4% from 28 in January and down 31.3% from 32 in February of 2013. New listings of 2 in February were down considerably from 3 in January and down substantially from 5 in February of 2013. Months of supply of 6.1 in February was down somewhat from 8.4 in January and down considerably from 15.4 in February of 2013. On a year-over-year basis, months of supply has been falling or even for 8 months.
Market Time
Days on market of 213 in February was up substantially from 115 in January and up somewhat from 162 in February of 2013.
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
mrwestchester.blogspot.com
www.linkedin.com/in/christopherpagli
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