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Peekskill NY Real Estate Market Report & Statistics

By
Real Estate Agent with Houlihan Lawrence, Inc

Here are the Real Estate Market Statistics for the Town of Peekskill, 10566 New York located in Westchester County. These statistics include active, pending, sold and homes that were rejected by the market by either expiring or withdrawing from it.

Market Statistics Report Peekskill Real Estate

 

  

Property Type  Single Family    Property Subtype  Detached  Time Frame (1/1/2006 to 5/5/2007)

 

     Single Family

 

 

         2- Bedrooms

         3 Bedrooms

         4 Bedrooms

         5+ Bedrooms

         All Bedrooms

 

       Active

 

    #Units

9

51

38

4

102

 

    Average List Price

$293,066

$404,709

$480,769

$394,950

$422,812

 

    Average Market Time

75

73

97

53

81

 

    Average Square Feet

1200

433130

2244

2418

217602

 

 

 

       All Off Market

 

    #Units

13

60

41

5

119

 

 

 

       Pending

 

    #Units

0

1

1

1

3

 

    Average List Price

$0

$329,900

$399,900

$639,000

$456,267

 

    Average Market Time

0

70

126

262

153

 

    Average Square Feet

0

1124

2163

2700

1996

 

 

 

       Sold

 

    #Units

13

59

40

4

116

 

    Dollar Value

$3,816,000

$21,272,660

$16,846,619

$2,140,605

$44,075,884

 

    Average List Price

$305,862

$375,440

$430,984

$539,250

$392,445

 

    Average Sold Price

$293,538

$360,554

$421,165

$535,151

$379,965

 

    Average Market Time

104

162

186

191

165

 

    Average Square Feet

1256

1625

2077

2738

1778

 

    % of List Price

95.97

96.03

97.72

99.24

96.82

 

 

 

Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Joe,

Would you say price is slipping or holding steady over last year?

 

 

May 05, 2007 07:47 AM
Anonymous
Anonymous

Hi Jennifer,

I would say that prices are dropping due to a few different factors.

  1. High Inventory Levels: Too many homes for buyers to look at and it spreads the activity out so homes that are priced right aren't getting the amount of showings they need to.
  2. Improper Pricing: Agents are taking listings that are overpriced. They are not skilled enough at handling the objections and so they take listings they should be denying.
  3. Media Coverage of Market: The media is killing our market because as we all know BAD NEWS always out sells good news. Take for example, the 100% financing options. They are still out there, maybe a bit more expensive, but they are still available.

We as agent need to  be better at pricing homes and asking for reductions sooner. A rule of thumb is 2 weeks or 10 showings. If your listings are getting no showings in 2 weeks, it's time to reduce 5 -10 %. And if your home has 10 showings and no offers, it is time to reduce 5 - 10 %. Don't be affraid to ask. Studies say that you will get 5 - 7 rejections before you can close a client.  But if you start asking to late, you will be behind the eight ball and the listing will either expire or they will & you will miss the market.

Talk to you soon,

Joe Camaj 

 

 

 

 

May 07, 2007 03:10 AM
#2
"Tommy" Decebal
HomeSpector Inc. 516-851-5833 - Farmingdale, NY
Adamescu Long Island NY MASTER Home Inspector

Wish you a Merry Christmas and best wishes for a great year in 2008.

Tommy   New York Certified Home Inspector Long Island NY Nassau/Suffolk Home Inspections

Dec 24, 2007 12:21 AM