Rye had another very strong month for closings with 27 single family homes trading hands in August. Although that number is down a bit from 33 in August 2013, it's still a good number for this time of year and is the highest it's been since then. The median price was $1,950,000 which is up 12.1% from 1,740,000 in August 2013. The amount of inventory hasn't changed much since July down 9% and only 9.8% form August 2013. There were a good number of multi million dollar homes that came on the market in Rye these last few months as well. The average days on market of 62 was down from 88 in July and marginally from 65 in August 2013.
There weren't any Rye Condo sales to report through the MLS in August and the 3 month median price of $430,000 was down substantially from $677,500 in July and down a little from $470,000 in August 2014. Current inventory and the months of supply are both down a bit and the supply is the lowest it's been since March 2014.
Only 1 Rye coop sale to report at this time. The current inventory of 18 units is down from this time last year along with new listings.
Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023 cell
914.332.6300 office
Chris@LegendsRealtyGroup.net
mrwestchester.blogspot.com
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