Inventory remained tight in Tarrytown this spring and we saw 4 single family closings in the month of July. These numbers are down 55.6% from 9 the same time last year. The sales/list price ratio moved up to 102.6% from 99.3% in June. The median price in July was $970,393, up 104.5% from $474,500 last year. This means that the homes that sold this month were of higher value. inventory levels were 24 and down 20% from 30 in July 2013. The average days on market of 130 was up substantially from 35 in June but down from 160 in July 2013.
The summer months tend to slow as the market usually peaks in June. Many purchasers want to be in by the summer so they can prepare for the school year. Typically the market picks back up after Labor day for those that want to be in before the holidays. This doesn't mean that there won't be any summer activity, just not as robust as the spring market.
The condo market saw 5 sales this July which is down 37.5% from 8 in July 2013. The sales/list price ratio moved up to 99.3% from 91.9% in June. The median price was $458,000, down 4.6% from $480,250 the same time last year. Inventory was down to 22 units which is 45% less then July 2013. The average days on market were 65, down substantially from 146 in June and considerably from 120 in July 2013.
Coop activity was also light with only 3 units sold and a sales/list price ratio in July of 91.3%. The median price was $144,000 which was down a little from $170,000 in July 2013. Inventory of 12 was down29.4% from 17 in July 2013. The average days on market was 127.
If you have any questions about the Tarrytown Real Estate Market or other trends please feel free to contact me directly.
Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate associate Broker
William Raveis Legends Realty group
914.406.9023
chris@legendsrealtygroup.net
mrwestchester.blogspot.com
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