The White Plains Real Estate Market saw another blockbuster month with Single family, Condo, and coop closings. Definite signs that the White Plains market is strong and not slowing down.
White Plains Single Family Homes
Sales
There were 31 unit sales in August. This is down 13.9% from 36 in August of 2013. Sales/list price ratio in August moved up to 98.1% from 96.4% in July.
Prices
Median price in August was $610,000. This is up 9.8% from $555,500 in August of 2013. 3-month median price of $614,000 in August was down a little from $621,500 in July but up just slightly from $600,000 in August of 2013. Price per square foot in August was $293. This is up from $278 in July and up from $285 in August of 2013.
Inventory
Inventory of 95 in August was down 12.8% from 109 in July and down 21.5% from 121 in August of 2013. New listings of 19 in August were way down from 30 in July but up a little from 17 in August of 2013. Months of supply of 5.1 in August was down modestly from 5.7 in July and down somewhat from 6.5 in August of 2013. This is the lowest months of supply has been since March, 2014.
Market Time
Days on market of 57 in August was down considerably from 96 in July and down substantially from 104 in August of 2013.
White Plains Condos
White Plains Condos
Sales
There were 13 unit sales in August. This is down 40.9% from 22 in August of 2013. Sales/list price ratio in August moved up to 98.1% from 95.2% in July.
Prices
Median price in August was $501,500. This is up 7.0% from $468,750 in August of 2013. 3-month median price of $413,500 in August was up modestly from $388,100 in July and up a little from $385,000 in August of 2013. Price per square foot in August was $474. This is up from $387 in July and up from $369 in August of 2013.
Inventory
Inventory of 84 in August was down 1.2% from 85 in July and down 3.4% from 87 in August of 2013. New listings of 17 in August were way down from 32 in July and down modestly from 20 in August of 2013. Months of supply of 6.8 in August was very slightly up from 6.5 in July and up slightly from 6.2 in August of 2013. This is the highest months of supply has been since July, 2013.
Market Time
Days on market of 125 in August was up moderately from 99 in July and up considerably from 100 in August of 2013. This is the highest days on market has been since September, 2013.
White Plains Coops Sales
White Plains Coops Sales
Sales
There were 27 unit sales in August. This is up 68.8% from 16 in August of 2013. Sales/list price ratio in August moved up to 95.3% from 94.7% in July.
Prices
Prices
Median price in August was $180,000. This is up 20.0% from $150,000 in August of 2013. 3-month median price of $182,500 in August was very slightly up from $175,000 in July and up just slightly from $177,000 in August of 2013. Price per square foot in August was $193. This is up from $187 in July and up from $187 in August of 2013.
Inventory
Inventory of 131 in August was down 9.7% from 145 in July and down 32.1% from 193 in August of 2013. New listings of 20 in August were way down from 33 in July and down considerably from 26 in August of 2013. Months of supply of 7.9 in August was down modestly from 9.2 in July and way down from 13.5 in August of 2013.
Market Time
Days on market of 107 in August was up a little from 98 in July but down substantially from 182 in August of 2013.
Christopher Pagli
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023 cell
914.332.6300 office
MrWestchester.blogspot.com - Blog
chris@legendsRealtyGroup.net
Christopher Pagli
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023 cell
914.332.6300 office
MrWestchester.blogspot.com - Blog
chris@legendsRealtyGroup.net
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