Pelham NY Real Estate Market Snapshot

Real Estate Broker/Owner with Kravitz, REALTORS®, Ltd. 89 Wolfs Ln NY 10803 914-738-7777

The Pelham NY real estate market continues to show strength.Pelham NY Aerial View

The local Pelham real estate market continues to outperform the national market – certainly heartening news for those of us who own a home here in "Westchester's Best Kept Secret."

The median sale price last month was $696,000 in Pelham NY – a full 18.1% increase over the same time period last year. There were 17 homes sold during the month – again a dramatic 41.7% increase over 2010. Another good sign of the overall health of the Pelham NY homes market is the level of “regular-way” home sales vs. those in foreclosure or pre-foreclosure stage.

Currently in Pelham, there are 51 homes on the market, 11 condos, 10 co-ops, 6 2+ family homes, and 2 building lots available. With mortgage rates slightly above their all-time lows reached last November, but still very near historic lows, now is looking more and more like a good time for opportunistic buyers to step into the market and take advantage of prices still at affordable levels.

If you’re interested in looking at Pelham NY homes for sale, contact us today to get started.

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Comments (2)

Laurel Ursino
Better Homes and Gardens Rand Realty - Nanuet, NY

A very detailed presentation on activity in your market area!

Feb 19, 2011 12:44 AM
Lester Kravitz
Kravitz, REALTORS®, Ltd. 89 Wolfs Ln NY 10803 914-738-7777 - Pelham, NY

Thank you for your kind comment.

Feb 21, 2011 08:19 AM