The pace of real estate sales slowed down in January in Katonah-Lewisboro school district. As in surrounding towns, there were significantly more new listings and less sales recorded in January 2010 comparing with December 2009. Overall, there is a very strong buyers market in the single family house segment of Katonah-Lewisboro real estate.
Below are some vital numbers for Katonah-Lewisboro real estate market (as defined by school district, single family houses only).
Market Profile & Trends Overview
Total properties currently for sale (inventory) 137
New listings in January 35
Median list price of all current listings $895,000
Average list price of all current listings $1,291,109
January number of properties sold 10
January median sales price $644,750
January average sales price $688,530
January average days on market 192
January sold price per square foot $262
January month's supply of inventory 13.7
Inventory & Absorption Rate
The total inventory of properties available for sale in Katonah-Lewisboro school district as of January was 137, down -4.2% from 143 last month and up 2.2% from 134 in January of last year.
You can see a list of currently listed houses for sale in Katonah at this Coldwell Banker website.
The January 2010 months supply of inventory (absorption rate) was 13.7 months, which is an indication of a very strong buyers market.
Property Sales
January real estate sales in Katonah-Lewisboro were 10, up 233.3% from 3 in January of 2009 and -44.4% lower than 18 sales last month. January 2010 sales were at their highest level compared to January of 2009 (3) and 2008 (7). January YTD sales of 10 are running 233.3% ahead of last year's year-to-date sales of 3.
Prices
The median sales price in January was $644,750, up 35.7% from $475,000 in January of 2009 and up 1.4% from $636,000 last month. The average sales price in January was $688,530, up 28.7% from $535,000 in January of 2009 and down -22% from $882,983 last month.
Market Time
The average days on market in Katonah-Lewisboro school district in January 2010 was 192, up 16.4% from 165 days last month and up 113.3% from 90 days in January of last year.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the "mix" of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values.The January 2010 selling price per square foot of $262 was up 4.5% from $251 last month and down -4.7% from 275 in January of last year.
Questions? Comments? Want to see a list of all sold properties? Interested in a complimentary Comparative Market Analysis (CMA) for your home? Feel free to email, call or text me - I'd love to be of help!
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