Larchmont NY Real Estate Market Report July 2016

By
Services for Real Estate Pros with William Raveis Legends Realty Group 30PA1082583

Sales

There were 34 Larchmont NY single family home sales in June. This is up 54.5% from 22 in June of 2015. This is the highest unit sales have been since 36 in July, 2015. Sales/list price ratio in June moved up to 101.2% from 98.9% in May.

Prices

Median price in June was $1,127,500. This is down 10.5% from $1,260,000 in June of 2015. 3-month median price of $1,100,000 in June was up marginally from $1,049,000 in May but down a little from $1,285,000 in June of 2015. Price per square foot in June was $540. This is up from $459 in May and up from $536 in June of 2015.

Inventory

Inventory of 54 in June was down 21.7% from 69 in May and down 28.9% from 76 in June of 2015. New listings of 19 in June were down substantially from 39 in May and way down from 32 in June of 2015. Months of supply of 2.9 in June was down considerably from 3.9 in May and down substantially from 4.6 in June of 2015. This is the lowest months of supply has been since January, 2016.

Market Time

Days on market of 31 in June was way down from 60 in May and down a little from 37 in June of 2015. This is the lowest days on market has been since January, 2016.

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Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Christopher, sounds like Larchmont is doing well and better! Always has been a popular community, well sought-after. Hope you're getting some of the action!

Jul 23, 2016 09:24 PM #1
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Rainmaker
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Christopher Pagli

"I Stay Open Until You Close"
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