Croton-on-Hudson is a wonderful little community situated within the town of Cortlandt. Over the years there have been some struggles when it comes to real estate prices and lack comparable sales in some parts. I find that many love the community feel and proximity to Manhattan. The train runs often and has a ton of parking as well, the one challenge is the amount of time it takes for you to get to the train. It's not really walkable from many parts of Croton.
This past August Croton Single Family sales of 14 were the same as last August and the sales/list price ratio moved up to 99.2% from 98.1% in July. The median price was $537,500 which is up from $504,950 in August 2013. Inventory levels of 76 are down a bit from 85 in July but up 2.7% from 74 in August 2013.
We did see some surprising sales this spring, some homes sold way over their asking price, even with no comps to back them. This goes to show that if a buyer really wants a home they will most likely pay more and some even waive their mortgage contingency. The days on market average of 56 was way down from 97 last August.
Croton condo sales reflect a different story with only 2 units sold and a sales/list price ratio of 102.4%! The median price was $411,500, down from $440,000 in August 2013. Inventory was also down to 15 units from 17 in July and up a bit from August 2013.
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