The Luxury Home Market in the towns of Bedford, Pound Ridge, Mount Kisco, Lewisboro, North Salem, and Somers, per Westchester Putnam Association of Realtors Market Stats, indicates 19 sales between $1,000,000 and $9,500,000 in the quarter 12-06-09 through 3-06-10, with an average sales price of $2,124,278.
2009 market stats for the same quarter posted 11 sales between $1,050,000 and $2,850,000, with an average sales price of $1,807,500
Year over year, the number of units sold in this quarter are up 73%, and the average sales price is up 18%
That’s the good news . . . but to put these stats into perspective, there are 216 active listings in the 1 million plus Northern Westchester market in the towns mentioned here. The present absorption rate is 6.33 homes per month with 34.12 months of housing supply.
For a Complimentary Marketing Analysis and Presentation of Services for your Fine Home, contact Pat Neville, Prudential Fine Homes Specialist, and member of the Top5 in Real Estate Network