2011 4th Quarter Market Report Westchester County

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Real Estate Agent with Houlihan Lawrence NY#: 30BE1014671

 

We are pleased to present the Houlihan Lawrence 2011 4th Quarter Market Report (click Here), a comprehensive overview of residential market activity in Westchester, Putnam and Dutchess Counties.  With detailed yet user-friendly market data and insights, the 2011 4th Quarter Market Report solidifies our reputation as the foremost source for proprietary information and market intelligence.

The 4th Quarter Market Report is designed to help educate homeowners and buyers about market activity in the communities they live in, or are considering for purchase.

Overall, 2011 was a year of stability in a still-recovering market, and many positive signs indicate that a base may be forming for the next bull market:

· As of December 31, contracts for lower-priced homes are up substantially compared to one year ago.  In Westchester, we enter 2012 with more homes under $500,000 in contract than in any other year since 2002.  Putnam and Dutchess are also showing sizable gains in contracts for homes priced under $250,000.  Liquidity at the lower end of the market is the foundation upon which a sustainable recovery can develop.

· Supply/Demand Ratios in many areas are stronger now than they were the same time last year.

· The Luxury 2011 4th Quarter Market Report shows signs of strength, with 17 closed sales above $5 million in 2011, compared to 12 in 2010.  We are happy to note that Houlihan Lawrence was involved in 13 of these 17 luxury sales.

 

For More Information on the 2011 4th Quarter Market Report or To Speak to a Top Realtor Contact Gino Bello (917) 653-4099
www.GinoBelloHomes.com

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