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JUNE 3–APRIL MEDIAN SALES PRICES FOR SINGLE HOMES UP 32% IN WESTCHESTER, SALES OF SINGLES UP 11.3%
WPCNR REALTY REALITY. From the Hudson River Gateway Association of Realtors (edited) June 3, 2024:
Last week’s report by the Hudson Gateway Association of Realtors (HGAR), based on data supplied by OneKey® MLS, also indicates that sales of single-family homes in the Bronx, Putnam and Sullivan counties decreased in April. The largest decline was in Putnam at 32.3%, followed by the Bronx at 31.4% and Sullivan at 22.2%.
Westchester County
Sales of condos in April experienced the highest jump at 32.5%, compared to single home sales with an 11.3% gain.
Co-op sales, however, saw a decline of 15.1%.
The median sales price for single-family homes keeps climbing – this time by 16.4% to $870,000. In April 2023, the median was $747,500.
Co-op median sales prices rose by 5.6% to $190,000, while the median for condos declined by 10.3% to $477,500. This time last year, the median stood at $532,500.
New listings for all property types increased, with single-family homes taking the lead at 11.3%, followed by condos at 10.8% and co-ops at 1.7%. Pending sales for all properties are up by 16.5%.
Inventory fell for all property types with co-ops experiencing a 38.9% drop, followed by single-family homes with a 25.2% decline and condo, at 11.8% less. As of April, there were just 2.4 months of supply availability, which is down 17.2% from last year.
New listings of single-family homes rose in the Bronx, Westchester, Putnam, and Orange counties, while pending sales for all property types increased in every region except Rockland and Orange counties. Westchester showed the highest amount of new single-family listings at 11.3% over this time last year, while Putnam County had the highest growth in overall pending sales at 17.6%.
Condos in Rockland and Orange counties saw double-digit jumps in median sales prices, while median sales prices for condos in the Bronx and Westchester decreased by double-digits. Rockland County’s median priced condo sold for $390,000 – an increase of 12.6%. Conversely, new listings for condos declined in both Rockland and Orange counties, while increasing in the Bronx, Westchester, and Putnam counties.
Co-op median sales prices were also on the rise in the Bronx, Westchester, Rockland, and Orange counties. Orange County experienced the highest gain of 95%, with a median price of $195,000, up from just $100,000 in April 2023.
However, demand continues to outpace supply. Single-family homes in Westchester County saw the largest drop at 25.2%. “While inventory remains low across our region, signs are pointing to a more vibrant spring and summer market with both new listings and pending sales growing,” said Lynda Fernandez, HGAR CEO. “The fact that property sales continue to rise is also a good indicator of the consistent demand for housing in our region.”
75 GUNS TURNED IN AT NEW ROCHELLE GUN BUYBACK
75 FIREARMS COLLECTED AT NEW ROCHELLE COMMUNITY GUN BUYBACK
District Attorney and Police Commissioner kicked off National Gun Violence Awareness Month with community advocates at amnesty buyback event where shotguns, rifles were surrendered
NEW ROCHELLE, N.Y. – Westchester County District Attorney Miriam E. Rocah and New Rochelle Police Department Commissioner Robert Gazzola announced that 75 firearms were collected today at a community gun buyback held at Shiloh Baptist Church in New Rochelle.
A total of $13,750 in gift cards were exchanged, with no questions asked, for surrendered shotguns, handguns and rifles from the public.
Joined by Shiloh Baptist Church Rev. Dr. H. Lee Jordan, Jr., Moms Demand Action for Gun Sense in America volunteers and New Rochelle community advocates, DA Rocah and Commissioner Gazzola commemorated the start of National Gun Violence Awareness Month in support of fighting gun violence with proactive community-based efforts like gun buybacks, education on safe gun storage practices and enforcing New York’s enhanced gun safety laws.
DA Rocah said: “I am proud to kick off National Gun Violence Awareness Month by getting 75 firearms off our streets and out of potentially the wrong hands. I thank the New Rochelle Police Department and Shiloh Baptist Church for being valuable partners in today’s successful buyback event, and to our community advocates who work with us in our efforts year-round to reduce gun-involved incidents, including suicides.”
MAYOR TOM ROACH ANALYZES “THE STATE OF THE CITY” AS NEXT YEAR’S BUDGET IS APPROVED
WPCNR COMMON COUNCIL CHRONICLE. June 1, 2024:
After the passing of the 2024-25 City of White Plains budget Tuesday evening, Mayor Roach delivered an impromptu “State of the City” message to viewers on the White Plains Community Media channel. Here is the Mayor’s overview of where the city is going into the new budget year: