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WPCNR QUILL & EYESHADE. By John F. Bailey. Based on statistics From Rand Realty. January 18, 2016:

Single Family Home Sales in White Plains were slightly up, and it takes 5 months to sell your home if you cooperate and lower your price.

According to 4th quarter stats on White Plains from Rand Realty’s Mike Graessle, the average price of a single family home closing in the 4th quarter was $620,000 down 14% from the 2014 4th quarter. The median price of a Single Family was $565,000. 61 single family homes closed in Oct, Nov, Dec of 2015 compared to 46 last year.

Condos are going going gone. The Condo sales last quarter were up 38%, 54 selling in the 4th quarter compared to 39 last year. However the average condo selling price is down 7% $680,000 compared to $733,874 last quarter of 2015. Median price of the condos that closed was $517,000 up 35%–lifted by the high end condos moving out.

Coop sales picked up slightly 8%, 228 to 211 in the 2014 4th quarter Coopies are going for $189,701 on average, the median, is $170,000, again lowered by the lower priced coops.

Multi Family homes were up slightly in sales 17 in last quarter of 2015 compared to 11 in 2014’s last quarter. Average price of a multi-family home: $478,000, median…$418,950, down 1% and 4% in price.

Be prepared to drop your price about 4% to move your home from when you first put it on the market.