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WPCNR REALTY REALITY. Special to WPCNR From Houlihan Lawrence. January 8, 2018 (Edited):
Home sales in Westchester County were down 4.6% from the prior year while sales in Putnam County were up slightly by 3%.
Locally, White Plains, Greenburgh and Valhalla home sales rose 4% and the median price went up 5%.
Dutchess County sales declined 6.6% for the year.
The real estate markets in the suburbs north of New York City finished 2018 with generally slower sales, higher inventory in most markets and a decline in pending sales, according to a report released today by Houlihan Lawrence.
Meanwhile, median sale prices were somewhat higher in all three counties: Westchester ($650,000, up 1.2%), Putnam ($350,000, up 4%) and Dutchess ($281,500, up 8.3%).
Number of homes for sale in Westchester grew by 9.5% with the New York City Gateway submarket (Mount Vernon, Yonkers, New Rochelle and Pelham) posting the highest increase in inventory of 35.2%.
Putnam’s inventory remained virtually unchanged from the prior year while inventory in Dutchess declined by 11.8 %.
The number of pending sales in Westchester and Putnam fell 10.9% and 11.4 %, respectively, while pending sales in Dutchess declined by 17.2%.
Here are some highlights from the year-end report:
- Westchester communities reporting double-digit increases in total sales for the year included Peekskill (33%), Hastings (25%), Rye Neck (26%), Greenburgh (14%), Pleasantville (13%) and Somers (10%). Rivertown communities such as Peekskill and Hastings continue to attract buyers from New York City.
- In Dutchess, the sales leaders were Clinton (27%), Beacon (20%) and East Fishkill (14%). Dutchess is enjoying an influx of residents from Brooklyn looking for a more relaxed country lifestyle, especially in the Village of Beacon which is undergoing a downtown revival.
- In Putnam, Haldane, Mahopac and Brewster all posted double-digit sales gain for the year of 33%, 11% and 12%, respectively.
NYC Gateway
(Mount Vernon, New Rochelle, Pelham and Yonkers)
Homes Sold: down 8%
Median Sale Price: up 5%
Lower Westchester
(Bronxville, Eastchester, Edgemont, Scarsdale and Tuckahoe)
Homes Sold: down 11%
Median Sale Price: down 9%
Rivertowns
(Ardsley, Dobbs Ferry, Hastings, Mount Pleasant, Pleasantville, Tarrytown, Briarcliff Manor, Elmsford, Irvington Ossining, Pocantico Hills)
Homes Sold: down 2%
Median Sale Price: up 2%
Median Sale Price: up 5%
Sound Shore
(Blind Brook, Harrison, Mamaroneck, Port Chester, Rye City and Rye Neck)
Homes Sold: down 1%
Median Sale Price: up 2%
Northern Westchester
(Bedford, Byram Hills, Chappaqua, Katonah-Lewisboro, North Salem, and Somers)
Homes Sold: down 7%
Median Sale Price: up 1%
Northwest Westchester
(Croton-on-Hudson, Hendrick Hudson, Lakeland, Peekskill and Yorktown)
Homes Sold: down 4%
Median Sale Price: up 4%
Putnam County
(Brewster, Carmel, Garrison, Haldane, Lakeland, Mahopac and Putnam Valley)
Homes Sold: up 3%
Median Sale Price: up 4%
Southwest Dutchess
(Beacon, East Fishkill, Fishkill, La Grange, Poughkeepsie, City of Poughkeepsie and Wappinger)
Homes Sold: down 3%
Median Sale Price: up 10%
Southeast Dutchess
(Beekman, Dover, Pawling and Union Vale)
Homes Sold: down 12%
Median Sale Price: up 8%
Northwest Dutchess
(Clinton, Hyde Park, Milan, Pleasant Valley, Red Hook and Rhinebeck)
Homes Sold: down 14%
Median Sale Price: up 9%
Northeast Dutchess
(Amenia, North East, Pine Plains, Stanford and Washington)
Homes Sold: down 13%
Median Sale Price: down up 11%