Larchmont single family home sales cooled down a bit with 10 closings in the month of October. This is the lowest home sales have been since 9 in April 2014. The sales/list price ratio moved down to 94.4% from 97.8% in September. The median price was $1,012,225 which is down 51.8% from $2,098,888 in October 2013. This is also the lowest median price has been since May 2014. Inventory levels of 53 homes was down 14.5% from 62 in September and down 36.9% from 84 this time last year. The average days on market of 67 was up marginally from 64 in September but down substantially from 149 in October 2013. This is the highest days on market has been since May 2014. Overall the Larchmont real estate market remains strong and usually does.
The Larchmont Coop sector saw a total of 8 closings in October, up 300% from 2 this time last year. The sales/list price ratio moved down to 95.1% from 100.3% in September. The median price was $208,750, up 11.6% from $187,000 in October 2013. Price per square foot of $259 was down from $307 in September but up from $205 in October 2013.
Happy Thanksgiving to you and your family!
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