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
Please add your comments