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Tarrytown Real Estate Sales Slow Down A Bit In August 2014

By
Real Estate Agent with William Raveis Legends Realty Group 30PA1082583

 

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 the Tarrytown 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

 

 

 

 

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