hl 2nd quarter market report
DESCRIPTION
Houlihan Lawrence 2nd Quarter Market ReportTRANSCRIPT
2nd Quarter 2014 Market Report
2nd Quarter 2014 Market Report
Presented By
CHRIS MEYERSManaging Principal
Houlihan Lawrence
HoulihanLawrence.com
EXECUTIVE SUMMARYSECOND QUARTER 2014
The housing market in New York City's northern suburbs remains strong and stable, though higher prices arebeginning to test buyers' resolve. Westchester single-family home sales in Q2-2014 were down 12% from Q2-2013,while Putnam and Dutchess sales were down 7% and 10%, respectively. Since Q2 closings largely reflect contractssigned during Q1, we can lay some of the blame for the dip on the harsh winter weather that pushed our normalSpring season back by about six weeks. However, prices are up in many towns, especially in the communities closestto New York City where home prices have surpassed pre-recession peak levels while inventory remains tight forhomes priced under $1 million.Value-conscious buyers are finding they have to work harder to find the right home atthe right price, contributing to the slowdown in home sales.
This “NYC effect” is apparent in the dichotomy between what's happening with prices in Southern Westchester andNorthern Westchester. Consider that Q2 median prices were up 6% in the NYC Gateway communities and up 17% inLower Westchester. For Westchester overall, the median price was up just 0.8%. Moving further north from NYC, wefind that prices increased 2.8% in Dutchess and declined by 9% in Putnam County.
The challenge for buyers in a tight market is also apparent in the growing prevalence of bidding wars that drive saleprices up above the asking price. More than 20% of Westchester home sales in Q2 closed above the list price, which isup from 12.5% in Q1. Six school districts – all in Southern Westchester - saw more than one-third of Q2 sales closeabove list price: Mamaroneck (46%), Eastchester (46%), Hastings-on-Hudson (44%), Scarsdale (37%), Edgemont(35%) and Ardsley (34%).
One segment of the market which is not supply-constrained is at the high end. The inventory of homes priced above$3 million is up more than 40% from Q2-2013, giving luxury home buyers more bargaining power. Prospective sellersat these price points should be aware that they have a lot more competition for buyers than they did just a year ago.
Looking ahead, we expect conditions to remain stable in the back half of 2014. Across the region, we ended Q2 withinventory up 8-10% and pending sales down 3-5% from a year ago, suggesting that the market is settling in at asustainable level of sales activity.
Please check out our local market reports for monthly updates on market activity in your community.
Sincerely,
Stephen MeyersPresident and CEO
Chris MeyersManaging Principal
TABLE OF CONTENTSSECOND QUARTER 2014
WESTCHESTER COUNTYSingle Family Home Overview
NEW YORK CITY GATEWAYMount Vernon, New Rochelle, Pelham, Yonkers
LOWER WESTCHESTERBronxville, Eastchester, Edgemont, Scarsdale,Tuckahoe
THE RIVERTOWNSArdsley, Briarcliff Manor, Dobbs Ferry, Elmsford,Hastings, Irvington, Mount Pleasant, Ossining,Pleasantville, Pocantico Hills, Tarrytown
GREATER WHITE PLAINSGreenburgh, Valhalla, White Plains
THE SOUND SHOREBlind Brook, Harrison, Mamaroneck, PortChester, Rye City, Rye Neck
NORTHERN WESTCHESTERBedford, Byram Hills, Chappaqua, Katonah-Lewisboro, North Salem, Somers
NORTHWEST WESTCHESTERCroton-Harmon, Hendrick Hudson, Lakeland,Peekskill, Yorktown
WESTCHESTER COUNTYCondominium Overview
WESTCHESTER COUNTYCo-Operative Overview
PUTNAM COUNTYBrewster, Carmel, Garrison, Haldane, Mahopac,Putnam Valley
PUTNAM COUNTYCondominium Overview
DUTCHESS COUNTYSingle Family Home Overview
SOUTHEAST DUTCHESSBeekman, Dover, Pawling, Union Vale
SOUTHWEST DUTCHESSBeacon, East Fishkill, Fishkill, LaGrange,Poughkeepsie, Poughkeepsie/City, Wappinger
NORTHEAST DUTCHESSAmenia, North East, Pine Plains, Stanford,Washington
NORTHWEST DUTCHESSClinton, Hyde Park, Milan, Pleasant Valley, RedHook, Rhinebeck
DUTCHESS COUNTYCondominium Overview
HOULIHANLAWRENCE.COM
WESTCHESTER COUNTYSINGLE FAMILY HOMES
QUARTERLY MARKET OVERVIEW Q2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
HOMES SOLD 1263 1437 -12.1% 2195 2214 -0.9%
AVERAGE SALE PRICE $876,209 $857,678 2.2% $863,714 $806,061 7.2%
MEDIAN SALE PRICE $655,000 $650,000 0.8% $635,000 $600,000 5.8%
AVERAGE PRICE PER SQUARE FOOT $307 $304 1.0% $304 $293 3.8%
% SALE PRICE TO LIST PRICE 97.3 95.8 1.6% 96.6 95.5 1.2%
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 1135 537 2 1149 594 2 -1.2% -9.6%
$500,000 - $699,999 779 355 2 802 353 2 -2.9% 0.6%
$700,000 - $999,999 693 338 2 631 319 2 9.8% 6.0%
$1,000,000 - $1,499,999 489 228 2 402 248 2 21.6% -8.1%
$1,500,000 - $1,999,999 273 109 3 290 85 3 -5.9% 28.2%
$2,000,000 - $2,499,999 135 58 2 125 55 2 8.0% 5.5%
$2,500,000 - $2,999,999 122 33 4 111 28 4 9.9% 17.9%
$3,000,000 - $3,999,999 113 22 5 78 15 5 44.9% 46.7%
$4,000,000 and up 136 25 5 98 23 4 38.8% 8.7%
Market Totals 3875 1705 2 3686 1720 2 5.1% -0.9%*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $881,726 $914,144 $935,515 $881,108 $763,462 $827,687 $814,126 $800,088 $811,140 $863,714 Average Sale Price
Average Price/SqFt $345 $348 $350 $334 $297 $305 $292 $286 $297 $304 Average Price/SqFt
Days On Market 140 153 163 169 178 176 181 190 178 142 Days On Market
%Sale Price to List Price 97.6 96.4 96.0 95.2 92.9 94.2 94.3 94.4 96.0 96.6 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, SINGLE FAMILY HOMES * Homes sold for 2014 are annualized based on actual sales year-to-date.
NEW YORK CITY GATEWAYSINGLE FAMILY HOMES
NEW ROCHELLE
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
MOUNT VERNON 32 24 33% 53 45 18%
NEW ROCHELLE 72 89 -19% 124 142 -13%
PELHAM 34 51 -33% 54 66 -18%
YONKERS 92 109 -16% 188 190 -1%
NYC Gateway 230 273 -16% 419 443 -5%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
MOUNT VERNON NEW ROCHELLE
PELHAM YONKERS
HOMESSOLD
Q2- 2014 VS. Q2- 2013 16%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 6%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
MOUNT VERNON $367,000 $332,500 10% $377,000 $340,000 11%
NEW ROCHELLE $625,000 $582,500 7% $650,010 $560,000 16%
PELHAM $862,950 $791,000 9% $862,950 $778,750 11%
YONKERS $437,000 $446,000 -2% $430,000 $430,000 0%
NYC Gateway $555,000 $525,000 6% $530,000 $490,000 8%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8
NEW YORK CITY GATEWAYSINGLE FAMILY HOMES
MOUNT VERNON, NEW ROCHELLE, PELHAM, YONKERSClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 61 43 1 68 44 2 -10.3% -2.3%
$300,000 -$399,999 107 69 2 117 71 2 -8.5% -2.8%
$400,000 - $499,999 144 57 3 131 50 3 9.9% 14.0%
$500,000 - $599,999 101 48 2 124 36 3 -18.5% 33.3%
$600,000 - $799,999 135 56 2 115 52 2 17.4% 7.7%
$800,000 - $999,999 63 27 2 46 18 3 37.0% 50.0%
$1,000,000 - $1,999,999 103 34 3 77 26 3 33.8% 30.8%
$2,000,000 and up 11 0 Not Valid 13 2 7 -15.4% -100.0%
Market Totals 725 334 2 691 299 2 4.9% 11.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $684,970 $658,763 $668,933 $619,854 $539,928 $572,784 $574,874 $539,314 $567,284 $604,583 Average Sale Price
Average Price/SqFt $295 $292 $298 $283 $254 $253 $245 $239 $253 $256 Average Price/SqFt
Days On Market 140 151 160 165 180 178 180 197 182 137 Days On Market
%Sale Price to List Price 98.0 96.7 96.4 95.6 94.1 94.5 94.3 94.4 95.8 96.5 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8 * Homes sold for 2014 are annualized based on actual sales year-to-date.
LOWER WESTCHESTERSINGLE FAMILY HOMES
SCARSDALE
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
BRONXVILLE 24 31 -23% 36 43 -16%
EASTCHESTER 28 25 12% 50 38 32%
EDGEMONT 20 25 -20% 36 39 -8%
SCARSDALE 67 76 -12% 109 100 9%
TUCKAHOE 16 17 -6% 26 23 13%
Lower Westchester 155 174 -11% 257 243 6%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BRONXVILLE EASTCHESTER
EDGEMONT SCARSDALE
TUCKAHOE
HOMESSOLD
Q2- 2014 VS. Q2- 2013 11%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 17%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
BRONXVILLE $1,820,000 $1,660,000 10% $1,857,500 $1,622,500 15%
EASTCHESTER $701,000 $620,000 13% $672,500 $563,750 19%
EDGEMONT $1,311,750 $989,000 33% $1,165,000 $894,000 30%
SCARSDALE $1,450,000 $1,300,000 12% $1,495,000 $1,293,000 16%
TUCKAHOE $707,000 $680,000 4% $708,000 $710,000 0%
Lower Westchester $1,212,500 $1,040,000 17% $1,170,000 $999,999 17%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6
LOWER WESTCHESTERSINGLE FAMILY HOMES
BRONXVILLE, EASTCHESTER, EDGEMONT, SCARSDALE, TUCKAHOEClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 6 7 1 7 5 1 -14.3% 40.0%
$500,000 - $699,999 33 25 1 43 37 1 -23.3% -32.4%
$700,000 - $999,999 51 52 1 66 42 2 -22.7% 23.8%
$1,000,000 - $1,499,999 60 55 1 56 51 1 7.1% 7.8%
$1,500,000 - $1,999,999 40 30 1 40 21 2 0.0% 42.9%
$2,000,000 - $2,499,999 24 20 1 25 17 1 -4.0% 17.6%
$2,500,000 - $2,999,999 21 11 2 22 6 4 -4.5% 83.3%
$3,000,000 - $3,999,999 25 10 3 16 4 4 56.3% 150.0%
$4,000,000 and up 30 7 4 12 5 2 150.0% 40.0%
Market Totals 290 217 1 287 188 2 1.0% 15.4%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $1,330,846 $1,351,736 $1,393,748 $1,297,435 $1,212,153 $1,302,610 $1,282,116 $1,312,425 $1,263,156 $1,367,129 Average Sale Price
Average Price/SqFt $447 $456 $455 $440 $387 $411 $398 $402 $413 $435 Average Price/SqFt
Days On Market 148 161 164 162 185 177 174 169 168 116 Days On Market
%Sale Price to List Price 97.5 96.5 96.6 95.6 91.9 94.6 95.0 96.0 96.3 97.8 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6 * Homes sold for 2014 are annualized based on actual sales year-to-date.
THE RIVERTOWNSSINGLE FAMILY HOMES
THE RIVERTOWNS
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
ARDSLEY 27 21 29% 45 36 25%
BRIARCLIFF MANOR 14 21 -33% 17 33 -49%
DOBBS FERRY 13 15 -13% 26 27 -4%
ELMSFORD 18 8 125% 29 20 45%
HASTINGS 18 24 -25% 31 39 -21%
IRVINGTON 14 25 -44% 30 34 -12%
MOUNT PLEASANT 31 24 29% 39 32 22%
OSSINING 34 41 -17% 62 62 0%
PLEASANTVILLE 20 21 -5% 32 26 23%
POCANTICO HILLS 1 0 0% 4 1 300%
TARRYTOWN 25 15 67% 44 24 83%
The Rivertowns 215 215 0% 359 334 8%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
ARDSLEY BRIARCLIFF MANORDOBBS FERRY ELMSFORDHASTINGS IRVINGTONMOUNT PLEASANT OSSININGPLEASANTVILLE POCANTICO HILLSTARRYTOWN
HOMESSOLD
Q2- 2014 VS. Q2- 2013 0%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 1%MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
ARDSLEY $607,500 $610,000 0% $625,000 $582,500 7%
BRIARCLIFF MANOR $700,000 $765,000 -9% $769,000 $705,000 9%
DOBBS FERRY $630,000 $600,000 5% $637,500 $650,000 -2%
ELMSFORD $327,375 $414,375 -21% $344,750 $400,000 -14%
HASTINGS $677,750 $606,000 12% $640,000 $600,000 7%
IRVINGTON $1,247,500 $1,225,000 2% $996,499 $1,162,500 -14%
MOUNT PLEASANT $482,500 $494,500 -2% $485,000 $502,500 -4%
OSSINING $385,000 $364,000 6% $384,450 $385,500 0%
PLEASANTVILLE $763,000 $540,000 41% $663,500 $532,500 25%
POCANTICO HILLS $450,000 $0 0% $597,500 $1,100,000 -46%
TARRYTOWN $615,000 $661,000 -7% $585,000 $590,250 -1%
The Rivertowns $585,000 $580,000 1% $580,000 $567,500 2%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3
THE RIVERTOWNSSINGLE FAMILY HOMES
ARDSLEY, BRIARCLIFF MANOR, DOBBS FERRY, ELMSFORD, HASTINGS, IRVINGTON,MOUNT PLEASANT, OSSINING, PLEASANTVILLE, POCANTICO HILLS, TARRYTOWN
Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 29 19 2 49 33 1 -40.8% -42.4%
$300,000 -$399,999 55 28 2 54 32 2 1.9% -12.5%
$400,000 - $499,999 87 35 2 72 46 2 20.8% -23.9%
$500,000 - $599,999 93 32 3 88 35 3 5.7% -8.6%
$600,000 - $799,999 91 62 1 90 66 1 1.1% -6.1%
$800,000 - $999,999 70 32 2 47 28 2 48.9% 14.3%
$1,000,000 - $1,999,999 91 59 2 75 65 1 21.3% -9.2%
$2,000,000 and up 29 6 5 29 5 6 0.0% 20.0%
Market Totals 545 273 2 504 310 2 8.1% -11.9%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $749,336 $739,862 $719,413 $727,417 $622,480 $630,618 $620,144 $608,046 $664,832 $664,319 Average Sale Price
Average Price/SqFt $335 $329 $327 $313 $288 $281 $274 $264 $285 $286 Average Price/SqFt
Days On Market 138 146 158 175 173 175 184 196 179 146 Days On Market
%Sale Price to List Price 98.0 96.5 96.6 95.6 94.7 94.7 95.1 95.3 97.5 98.1 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3 * Homes sold for 2014 are annualized based on actual sales year-to-date.
GREATER WHITE PLAINSSINGLE FAMILY HOMES
WHITE PLAINS
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
GREENBURGH 33 27 22% 59 44 34%
VALHALLA 10 20 -50% 18 41 -56%
WHITE PLAINS 44 58 -24% 89 93 -4%
Greater White Plains 87 105 -17% 166 178 -7%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
GREENBURGH VALHALLA WHITE PLAINS
HOMESSOLD
Q2- 2014 VS. Q2- 2013 17%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 8%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
GREENBURGH $504,250 $455,000 11% $504,250 $425,000 19%
VALHALLA $518,750 $495,500 5% $479,030 $527,000 -9%
WHITE PLAINS $635,000 $527,500 20% $619,000 $530,000 17%
Greater White Plains $540,000 $500,000 8% $537,500 $500,000 8%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4
GREATER WHITE PLAINSSINGLE FAMILY HOMES
GREENBURGH, VALHALLA, WHITE PLAINSClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 5 9 1 7 14 1 -28.6% -35.7%
$300,000 -$399,999 19 10 2 37 15 2 -48.6% -33.3%
$400,000 - $499,999 50 29 2 44 19 2 13.6% 52.6%
$500,000 - $599,999 45 27 2 49 32 2 -8.2% -15.6%
$600,000 - $799,999 47 21 2 44 30 1 6.8% -30.0%
$800,000 - $999,999 28 12 2 26 11 2 7.7% 9.1%
$1,000,000 - $1,999,999 24 8 3 12 8 2 100.0% 0.0%
$2,000,000 and up 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%
Market Totals 220 116 2 220 129 2 0.0% -10.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $674,650 $675,274 $672,834 $658,832 $579,604 $578,480 $532,545 $563,760 $555,397 $591,821 Average Sale Price
Average Price/SqFt $332 $328 $325 $308 $284 $272 $258 $252 $264 $268 Average Price/SqFt
Days On Market 118 132 142 163 169 166 173 193 175 137 Days On Market
%Sale Price to List Price 98.9 97.3 97.1 95.9 93.9 95.4 95.1 95.0 96.8 97.2 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4 * Homes sold for 2014 are annualized based on actual sales year-to-date.
THE SOUND SHORESINGLE FAMILY HOMES
THE SOUND SHORE
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
BLIND BROOK 19 32 -41% 32 40 -20%
HARRISON 42 47 -11% 67 66 2%
MAMARONECK 68 76 -11% 113 103 10%
PORT CHESTER 23 24 -4% 41 39 5%
RYE CITY 29 55 -47% 58 72 -19%
RYE NECK 10 17 -41% 17 23 -26%
The Sound Shore 191 251 -24% 328 343 -4%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BLIND BROOK HARRISON
MAMARONECK PORT CHESTER
RYE CITY RYE NECK
HOMESSOLD
Q2- 2014 VS. Q2- 2013 24%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 6%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
BLIND BROOK $1,050,000 $845,000 24% $854,500 $714,500 20%
HARRISON $1,300,000 $1,500,000 -13% $1,250,000 $1,157,500 8%
MAMARONECK $1,011,499 $993,055 2% $1,049,000 $995,000 5%
PORT CHESTER $433,000 $454,500 -5% $433,000 $400,000 8%
RYE CITY $1,600,000 $1,425,000 12% $1,620,000 $1,408,500 15%
RYE NECK $952,500 $1,289,000 -26% $950,000 $949,000 0%
The Sound Shore $1,049,000 $991,111 6% $1,049,000 $937,000 12%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5
THE SOUND SHORESINGLE FAMILY HOMES
BLIND BROOK, HARRISON, MAMARONECK, PORT CHESTER, RYE CITY, RYE NECKClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 66 32 2 74 40 2 -10.8% -20.0%
$500,000 - $699,999 61 37 2 85 29 3 -28.2% 27.6%
$700,000 - $999,999 86 68 1 94 64 1 -8.5% 6.3%
$1,000,000 - $1,499,999 74 58 1 74 62 1 0.0% -6.5%
$1,500,000 - $1,999,999 69 29 2 77 28 3 -10.4% 3.6%
$2,000,000 - $2,499,999 43 22 2 43 21 2 0.0% 4.8%
$2,500,000 - $2,999,999 40 13 3 30 15 2 33.3% -13.3%
$3,000,000 - $3,999,999 38 9 4 21 11 2 81.0% -18.2%
$4,000,000 and up 51 14 4 36 10 4 41.7% 40.0%
Market Totals 528 282 2 534 280 2 -1.1% 0.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $1,237,111 $1,316,380 $1,356,202 $1,344,403 $1,149,544 $1,215,667 $1,262,051 $1,225,038 $1,271,109 $1,314,729 Average Sale Price
Average Price/SqFt $433 $455 $453 $450 $395 $398 $402 $392 $406 $416 Average Price/SqFt
Days On Market 147 152 165 174 179 170 170 176 165 134 Days On Market
%Sale Price to List Price 96.6 96.7 95.6 94.8 91.2 93.7 94.1 93.9 96.1 97.2 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5 * Homes sold for 2014 are annualized based on actual sales year-to-date.
NORTHERN WESTCHESTERSINGLE FAMILY HOMES
BEDFORD
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
BEDFORD 67 64 5% 114 87 31%
BYRAM HILLS 35 32 9% 64 53 21%
CHAPPAQUA 41 74 -45% 62 101 -39%
KATONAH-LEWISBORO 51 54 -6% 90 82 10%
NORTH SALEM 16 17 -6% 26 27 -4%
SOMERS 32 36 -11% 56 58 -3%
Northern Westchester 242 277 -13% 412 408 1%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BEDFORD BYRAM HILLS
CHAPPAQUA KATONAH–LEWISBORO
NORTH SALEM SOMERS
HOMESSOLD
Q2- 2014 VS. Q2- 2013 13%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 6%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
BEDFORD $975,000 $762,500 28% $857,500 $775,000 11%
BYRAM HILLS $1,050,000 $967,499 9% $1,075,000 $987,500 9%
CHAPPAQUA $995,000 $887,500 12% $970,000 $900,000 8%
KATONAH-LEWISBORO $630,000 $640,750 -2% $610,000 $636,000 -4%
NORTH SALEM $501,000 $460,000 9% $501,000 $460,000 9%
SOMERS $552,500 $426,250 30% $540,000 $432,500 25%
Northern Westchester $799,500 $752,500 6% $749,500 $732,250 2%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2
NORTHERN WESTCHESTERSINGLE FAMILY HOMES
BEDFORD, BYRAM HILLS, CHAPPAQUA, KATONAH–LEWISBORO, NORTH SALEM, SOMERSClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 150 43 3 161 63 3 -6.8% -31.7%
$500,000 - $699,999 168 68 2 172 66 3 -2.3% 3.0%
$700,000 - $999,999 211 77 3 197 85 2 7.1% -9.4%
$1,000,000 - $1,499,999 178 44 4 162 52 3 9.9% -15.4%
$1,500,000 - $1,999,999 101 19 5 98 18 5 3.1% 5.6%
$2,000,000 - $2,499,999 53 11 5 40 12 3 32.5% -8.3%
$2,500,000 - $2,999,999 50 8 6 47 5 9 6.4% 60.0%
$3,000,000 - $3,999,999 40 3 13 35 0 Not Valid 14.3% 0.0%
$4,000,000 and up 47 4 12 39 8 5 20.5% -50.0%
Market Totals 998 277 4 951 309 3 4.9% -10.4%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065 $979,814 $939,854 $912,747 $929,868 $1,010,272 Average Sale Price
Average Price/SqFt $373 $360 $368 $340 $289 $299 $274 $267 $278 $282 Average Price/SqFt
Days On Market 149 169 182 171 180 185 193 199 189 159 Days On Market
%Sale Price to List Price 97.4 95.8 95.2 94.6 92.7 93.6 93.2 92.8 94.7 94.6 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2 * Homes sold for 2014 are annualized based on actual sales year-to-date.
NORTHWEST WESTCHESTERSINGLE FAMILY HOMES
YORKTOWN
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
CROTON-HARMON 20 18 11% 29 33 -12%
HENDRICK HUDSON 21 19 11% 45 38 18%
LAKELAND 51 43 19% 86 78 10%
PEEKSKILL 17 19 -11% 31 36 -14%
YORKTOWN 31 41 -24% 57 76 -25%
Northwest Westchester 140 140 0% 248 261 -5%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
CROTON–HARMON HENDRICK HUDSON
LAKELAND PEEKSKILL
YORKTOWN
HOMESSOLD
Q2- 2014 VS. Q2- 2013 0%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 1%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
CROTON-HARMON $560,000 $455,000 23% $519,000 $424,500 22%
HENDRICK HUDSON $353,000 $450,000 -22% $405,000 $408,700 -1%
LAKELAND $343,000 $330,000 4% $323,750 $325,000 0%
PEEKSKILL $235,500 $220,000 7% $265,000 $225,250 18%
YORKTOWN $475,000 $400,000 19% $428,400 $410,000 5%
Northwest Westchester $370,000 $367,000 1% $360,000 $352,500 2%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1
NORTHWEST WESTCHESTERSINGLE FAMILY HOMES
CROTON–HARMON, HENDRICK HUDSON, LAKELAND, PEEKSKILL, YORKTOWNClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 110 54 2 113 62 2 -2.7% -12.9%
$300,000 -$399,999 138 66 2 134 62 2 3.0% 6.5%
$400,000 - $499,999 100 33 3 77 36 2 29.9% -8.3%
$500,000 - $599,999 68 25 3 67 19 4 1.5% 31.6%
$600,000 - $799,999 88 18 5 62 15 4 41.9% 20.0%
$800,000 - $999,999 28 6 5 16 7 2 75.0% -14.3%
$1,000,000 - $1,999,999 22 1 22 21 2 11 4.8% -50.0%
$2,000,000 and up 2 0 Not Valid 3 0 Not Valid -33.3% 0.0%
Market Totals 556 203 3 493 203 2 12.8% 0.0%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $518,962 $524,300 $511,158 $513,692 $419,037 $421,273 $395,090 $394,377 $398,011 $423,034 Average Sale Price
Average Price/SqFt $259 $256 $248 $243 $215 $207 $195 $187 $194 $192 Average Price/SqFt
Days On Market 130 151 160 167 177 178 186 193 183 153 Days On Market
%Sale Price to List Price 97.9 96.5 96.3 95.0 94.8 94.9 94.8 94.9 96.5 95.2 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1 * Homes sold for 2014 are annualized based on actual sales year-to-date.
WESTCHESTER COUNTYCONDOMINIUMS
QUARTERLY MARKET OVERVIEW Q2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
UNITS SOLD 275 299 -8.0% 452 510 -11.4%
AVERAGE SALE PRICE $432,611 $423,225 2.2% $414,565 $392,527 5.6%
MEDIAN SALE PRICE $360,000 $344,500 4.5% $350,000 $330,000 6.1%
AVERAGE PRICE PER SQUARE FOOT $282 $283 -0.4% $281 $275 2.2%
AVERAGE DAYS ON MARKET 108 170 -36.5% 130 176 -26.1%
% SALE PRICE TO LIST PRICE 96.9 95.8 1.1% 96.7 95.9 0.8%
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 182 108 2 193 114 2 -5.7% -5.3%
$300,000 -$399,999 161 73 2 163 75 2 -1.2% -2.7%
$400,000 - $499,999 72 41 2 80 39 2 -10.0% 5.1%
$500,000 - $599,999 49 25 2 46 27 2 6.5% -7.4%
$600,000 - $799,999 36 31 1 46 26 2 -21.7% 19.2%
$800,000 - $999,999 34 9 4 11 15 1 209.1% -40.0%
$1,000,000 - $1,999,999 30 8 4 16 7 2 87.5% 14.3%
$2,000,000 and up 5 0 Not Valid 4 0 Not Valid 25.0% 0.0%
Market Totals 569 295 2 559 303 2 1.8% -2.6%*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $420,845 $424,248 $434,812 $429,759 $396,861 $400,599 $411,994 $371,630 $397,179 $414,565 Average Sale Price
Average Price/SqFt $312 $328 $330 $321 $291 $286 $277 $262 $276 $281 Average Price/SqFt
Days On Market 116 138 162 168 174 180 180 187 168 130 Days On Market
%Sale Price to List Price 99.0 97.2 96.6 95.8 94.2 94.8 94.2 94.9 96.4 96.7 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Condominiums * Homes sold for 2014 are annualized based on actual sales year-to-date.
WESTCHESTER COUNTYCO-OPERATIVES
QUARTERLY MARKET OVERVIEW Q2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
UNITS SOLD 394 395 -0.3% 738 678 8.8%
AVERAGE SALE PRICE $176,597 $191,790 -7.9% $175,129 $185,928 -5.8%
MEDIAN SALE PRICE $149,450 $155,000 -3.6% $145,000 $150,000 -3.3%
AVERAGE PRICE PER SQUARE FOOT $172 $184 -6.5% $170 $179 -5.0%
AVERAGE DAYS ON MARKET 160 213 -24.9% 189 226 -16.4%
% SALE PRICE TO LIST PRICE 95.6 94.5 1.2% 95.3 94.3 1.1%
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 1276 529 2 1451 457 3 -12.1% 15.8%
$300,000 -$399,999 46 34 1 66 21 3 -30.3% 61.9%
$400,000 - $499,999 17 6 3 22 8 3 -22.7% -25.0%
$500,000 - $599,999 10 3 3 10 1 10 0.0% 200.0%
$600,000 - $799,999 1 6 0 14 10 1 -92.9% -40.0%
$800,000 - $999,999 4 3 1 3 1 3 33.3% 200.0%
$1,000,000 - $1,999,999 2 4 1 2 1 2 0.0% 300.0%
$2,000,000 and up 0 0 0 0 0 0 0.0% 0.0%
Market Totals 1356 585 2 1568 499 3 -13.5% 17.2%*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $170,763 $200,536 $207,205 $213,747 $205,763 $192,922 $195,024 $185,347 $178,012 $188,060 Average Sale Price
Average Price/SqFt $180 $209 $218 $223 $219 $202 $197 $185 $174 $181 Average Price/SqFt
Days On Market 142 143 153 170 173 203 207 212 220 220 Days On Market
%Sale Price to List Price 98.4 98.3 96.6 96.0 95.3 93.9 93.8 93.6 94.0 94.8 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Co-Operatives * Homes sold for 2014 are annualized based on actual sales year-to-date.
PUTNAM COUNTYSINGLE FAMILY HOMES
BREWSTER-MAHOPAC
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
BREWSTER 36 39 -8% 58 66 -12%
CARMEL 53 48 10% 87 78 12%
GARRISON 8 11 -27% 15 18 -17%
HALDANE 10 15 -33% 19 24 -21%
LAKELAND 10 5 100% 14 11 27%
MAHOPAC 32 44 -27% 68 65 5%
PUTNAM VALLEY 19 18 6% 31 32 -3%
Putnam County 168 180 -7% 292 294 -1%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BREWSTER CARMELGARRISON HALDANELAKELAND MAHOPACPUTNAM VALLEY
HOMESSOLD
Q2- 2014 VS. Q2- 2013 7%MEDIANSALE PRICE
Q2- 2014 VS. Q2- 2013 9%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
BREWSTER $261,000 $290,000 -10% $282,750 $278,700 2%
CARMEL $234,000 $222,849 5% $235,000 $236,750 -1%
GARRISON $770,000 $485,500 59% $975,000 $496,750 96%
HALDANE $449,500 $510,000 -12% $430,000 $522,500 -18%
LAKELAND $341,250 $314,800 8% $336,250 $319,000 5%
MAHOPAC $303,000 $353,750 -14% $311,750 $336,000 -7%
PUTNAM VALLEY $248,000 $252,500 -2% $227,000 $252,500 -10%
Putnam County $282,000 $308,500 -9% $292,500 $297,500 -2%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9
PUTNAM COUNTYSINGLE FAMILY HOMES
BREWSTER, CARMEL, GARRISON, HALDANE, LAKELAND, MAHOPAC, PUTNAM VALLEYClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 309 125 2 339 112 3 -8.8% 11.6%
$300,000 -$399,999 195 43 5 183 62 3 6.6% -30.6%
$400,000 - $499,999 121 33 4 122 26 5 -0.8% 26.9%
$500,000 - $599,999 101 12 8 75 13 6 34.7% -7.7%
$600,000 - $799,999 102 17 6 77 12 6 32.5% 41.7%
$800,000 - $999,999 40 2 20 34 5 7 17.6% -60.0%
$1,000,000 - $1,999,999 34 0 Not Valid 25 5 5 36.0% -100.0%
$2,000,000 and up 22 0 Not Valid 17 0 Not Valid 29.4% 0.0%
Market Totals 924 232 4 872 235 4 6.0% -1.3%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $466,576 $466,984 $463,756 $438,500 $373,616 $356,730 $372,783 $350,828 $359,387 $366,233 Average Sale Price
Average Price/SqFt $242 $245 $232 $214 $190 $176 $178 $169 $173 $173 Average Price/SqFt
Days On Market 153 157 178 180 192 206 211 212 220 197 Days On Market
%Sale Price to List Price 97.1 96.3 95.6 94.5 92.7 94.3 93.7 94.0 94.6 94.6 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9 * Homes sold for 2014 are annualized based on actual sales year-to-date.
PUTNAM COUNTYCONDOMINIUMS
QUARTERLY MARKET OVERVIEW Q2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
UNITS SOLD 27 27 0.0% 46 46 0.0%
AVERAGE SALE PRICE $277,207 $220,179 25.9% $257,084 $226,984 13.3%
MEDIAN SALE PRICE $228,000 $203,000 12.3% $227,000 $203,500 11.5%
AVERAGE PRICE PER SQUARE FOOT $166 $151 9.9% $162 $152 6.6%
AVERAGE DAYS ON MARKET 140 277 -49.5% 172 294 -41.5%
% SALE PRICE TO LIST PRICE 96.3 95.5 0.8% 95.6 95.8 -0.2%
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 55 29 2 59 32 2 -6.8% -9.4%
$300,000 -$399,999 10 2 5 8 2 4 25.0% 0.0%
$400,000 - $499,999 3 0 Not Valid 0 0 0 0.0% 0.0%
$500,000 - $599,999 4 2 2 3 3 1 33.3% -33.3%
$600,000 - $799,999 2 2 1 0 0 0 0.0% 0.0%
$800,000 - $999,999 1 0 Not Valid 2 0 Not Valid -50.0% 0.0%
$1,000,000 - $1,999,999 0 0 0 0 0 0 0.0% 0.0%
$2,000,000 and up 1 0 Not Valid 1 0 Not Valid 0.0% 0.0%
Market Totals 76 35 2 73 37 2 4.1% -5.4%*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $262,122 $277,229 $290,809 $296,499 $248,638 $248,143 $266,995 $231,039 $229,906 $257,084 Average Sale Price
Average Price/SqFt $211 $223 $217 $211 $188 $174 $169 $155 $158 $162 Average Price/SqFt
Days On Market 115 130 152 169 179 190 186 252 249 172 Days On Market
%Sale Price to List Price 98.3 97.2 96.6 96.2 95.4 94.8 95.0 94.7 95.8 95.6 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Condominiums * Homes sold for 2014 are annualized based on actual sales year-to-date.
DUTCHESS COUNTYSINGLE FAMILY HOMES
QUARTERLY MARKET OVERVIEW Q2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
HOMES SOLD 409 450 -9.1% 724 800 -9.5%
AVERAGE SALE PRICE $289,196 $290,594 -0.5% $285,261 $291,034 -2.0%
MEDIAN SALE PRICE $245,000 $238,375 2.8% $239,125 $230,000 4.0%
AVERAGE PRICE PER SQUARE FOOT $136 $135 0.7% $135 $135 0.0%
% SALE PRICE TO LIST PRICE 94.9 94.7 0.2% 94.6 93.9 0.7%
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 1142 290 4 1071 311 3 6.6% -6.8%
$300,000 -$399,999 412 75 5 346 77 4 19.1% -2.6%
$400,000 - $499,999 206 38 5 154 32 5 33.8% 18.8%
$500,000 - $599,999 146 33 4 129 36 4 13.2% -8.3%
$600,000 - $799,999 114 16 7 130 27 5 -12.3% -40.7%
$800,000 - $999,999 54 4 14 55 2 28 -1.8% 100.0%
$1,000,000 - $1,999,999 82 6 14 70 3 23 17.1% 100.0%
$2,000,000 and up 58 1 58 53 4 13 9.4% -75.0%
Market Totals 2214 463 5 2008 492 4 10.3% -5.9%*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $384,747 $396,631 $386,895 $347,398 $304,326 $307,938 $311,943 $291,226 $296,705 $285,261 Average Sale Price
Average Price/SqFt $187 $188 $181 $165 $149 $147 $140 $135 $137 $135 Average Price/SqFt
Days On Market 137 151 155 160 164 172 187 190 180 175 Days On Market
%Sale Price to List Price 97.3 96.2 95.2 94.6 93.7 94.0 92.0 93.7 94.3 94.6 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2014 are annualized based on actual sales year-to-date.
SOUTHWEST DUTCHESSSINGLE FAMILY HOMES
POUGHKEEPSIE AREA
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
TOWN/CITYQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
BEACON 16 19 -16% 31 35 -11%
EAST FISHKILL 55 42 31% 94 79 19%
FISHKILL 15 25 -40% 42 49 -14%
LA GRANGE 29 30 -3% 43 57 -25%
POUGHKEEPSIE 73 68 7% 126 129 -2%
CITY OF POUGHKEEPSIE 19 31 -39% 37 50 -26%
WAPPINGER 33 46 -28% 63 73 -14%
Southwest Dutchess 240 261 -8% 436 472 -8%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
BEACON EAST FISHKILLFISHKILL LA GRANGEPOUGHKEEPSIE CITY OF POUGHKEEPSIEWAPPINGER
HOMESSOLD
Q2- 2014 VS. Q2- 2013 8%AVERAGESALE PRICE
Q2- 2014 VS. Q2- 2013 5%
AVERAGE SALE PRICE
TOWN/CITYQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
BEACON $227,500 $246,207 -8% $218,000 $246,207 -12%
EAST FISHKILL $335,000 $342,500 -2% $355,500 $350,000 2%
FISHKILL $238,000 $210,000 13% $221,750 $223,450 -1%
LA GRANGE $268,500 $245,750 9% $268,500 $259,000 4%
POUGHKEEPSIE $209,000 $195,000 7% $209,500 $180,000 16%
CITY OF POUGHKEEPSIE $180,000 $169,000 7% $178,000 $167,000 7%
WAPPINGER $247,500 $272,500 -9% $246,000 $255,000 -4%
Southwest Dutchess $239,200 $228,000 5% $235,000 $225,000 4%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
SOUTHWEST DUTCHESSSINGLE FAMILY HOMES
BEACON, EAST FISHKILL, FISHKILL, LA GRANGE, POUGHKEEPSIE, CITY OF POUGHKEEPSIE, WAPPINGERClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 580 193 3 577 194 3 0.5% -0.5%
$300,000 -$399,999 209 44 5 170 45 4 22.9% -2.2%
$400,000 - $499,999 110 27 4 73 21 3 50.7% 28.6%
$500,000 - $599,999 79 26 3 68 27 3 16.2% -3.7%
$600,000 - $799,999 40 11 4 55 15 4 -27.3% -26.7%
$800,000 - $999,999 9 0 Not Valid 8 0 Not Valid 12.5% 0.0%
$1,000,000 - $1,999,999 11 1 11 9 0 Not Valid 22.2% 0.0%
$2,000,000 and up 4 0 Not Valid 1 0 Not Valid 300.0% 0.0%
Market Totals 1042 302 3 961 302 3 8.4% 0.0%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $371,303 $380,928 $366,935 $337,162 $300,417 $292,581 $272,472 $268,876 $274,463 $265,202 Average Sale Price
Average Price/SqFt $180 $183 $176 $161 $150 $142 $134 $127 $134 $129 Average Price/SqFt
Days On Market 128 145 148 154 159 165 183 178 180 172 Days On Market
%Sale Price to List Price 98.4 97.7 96.4 95.5 95.5 95.4 95.3 95.3 96.4 95.9 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2014 are annualized based on actual sales year-to-date.
SOUTHEAST DUTCHESSSINGLE FAMILY HOMES
DUTCHESS COUNTY
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
TOWN/CITYQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
BEEKMAN 19 20 -5% 27 31 -13%
DOVER 7 11 -36% 11 21 -48%
PAWLING 5 21 -76% 13 34 -62%
UNION VALE 6 7 -14% 15 11 36%
Southeast Dutchess 37 59 -37% 66 97 -32%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
BEEKMAN DOVER
PAWLING UNION VALE
HOMESSOLD
Q2- 2014 VS. Q2- 2013 37%AVERAGESALE PRICE
Q2- 2014 VS. Q2- 2013 0%
AVERAGE SALE PRICE
TOWN/CITYQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
BEEKMAN $268,000 $309,000 -13% $275,000 $292,500 -6%
DOVER $168,500 $220,000 -23% $157,000 $172,000 -9%
PAWLING $357,000 $317,500 12% $225,000 $272,500 -17%
UNION VALE $362,500 $278,000 30% $312,000 $250,000 25%
Southeast Dutchess $285,000 $285,000 0% $271,500 $257,000 6%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
SOUTHEAST DUTCHESSSINGLE FAMILY HOMES
BEEKMAN, DOVER, PAWLING, UNION VALEClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 142 22 6 120 27 4 18.3% -18.5%
$300,000 -$399,999 75 15 5 72 12 6 4.2% 25.0%
$400,000 - $499,999 39 4 10 26 6 4 50.0% -33.3%
$500,000 - $599,999 19 5 4 19 3 6 0.0% 66.7%
$600,000 - $799,999 23 3 8 22 8 3 4.5% -62.5%
$800,000 - $999,999 12 1 12 11 1 11 9.1% 0.0%
$1,000,000 - $1,999,999 13 1 13 11 1 11 18.2% 0.0%
$2,000,000 and up 9 0 Not Valid 6 0 Not Valid 50.0% 0.0%
Market Totals 332 51 7 287 58 5 15.7% -12.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $420,705 $421,775 $446,774 $424,535 $330,810 $339,438 $316,494 $304,702 $325,518 $297,474 Average Sale Price
Average Price/SqFt $206 $198 $190 $181 $156 $154 $133 $135 $143 $128 Average Price/SqFt
Days On Market 145 154 170 157 180 189 219 216 189 194 Days On Market
%Sale Price to List Price 97.4 96.6 95.4 94.3 93.0 94.2 93.7 96.0 93.7 97.2 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2014 are annualized based on actual sales year-to-date.
NORTHWEST DUTCHESSSINGLE FAMILY HOMES
DUTCHESS COUNTY
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
TOWN/CITYQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
CLINTON 12 13 -8% 19 18 6%
HYDE PARK 27 30 -10% 47 53 -11%
MILAN 6 7 -14% 14 11 27%
PLEASANT VALLEY 19 12 58% 28 32 -13%
RED HOOK 14 17 -18% 23 28 -18%
RHINEBECK 19 24 -21% 33 35 -6%
Northwest Dutchess 97 103 -6% 164 177 -7%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
CLINTON HYDE PARK
MILAN PLEASANT VALLEY
RED HOOK RHINEBECK
HOMESSOLD
Q2- 2014 VS. Q2- 2013 6%AVERAGESALE PRICE
Q2- 2014 VS. Q2- 2013 3%
AVERAGE SALE PRICE
TOWN/CITYQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
CLINTON $305,000 $287,500 6% $323,500 $272,125 19%
HYDE PARK $199,628 $177,500 13% $200,000 $180,000 11%
MILAN $247,450 $290,000 -15% $239,950 $290,000 -17%
PLEASANT VALLEY $196,000 $233,500 -16% $197,000 $225,000 -12%
RED HOOK $278,750 $232,500 20% $269,000 $231,250 16%
RHINEBECK $350,000 $321,250 9% $348,250 $297,500 17%
Northwest Dutchess $246,900 $240,000 3% $242,950 $232,500 5%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
NORTHWEST DUTCHESSSINGLE FAMILY HOMES
CLINTON, HYDE PARK, MILAN, PLEASANT VALLEY, RED HOOK, RHINEBECKClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 299 58 5 256 73 4 16.8% -20.5%
$300,000 -$399,999 91 13 7 75 15 5 21.3% -13.3%
$400,000 - $499,999 44 5 9 33 5 7 33.3% 0.0%
$500,000 - $599,999 36 2 18 31 6 5 16.1% -66.7%
$600,000 - $799,999 32 2 16 41 2 21 -22.0% 0.0%
$800,000 - $999,999 18 2 9 18 1 18 0.0% 100.0%
$1,000,000 - $1,999,999 24 4 6 26 0 Not Valid -7.7% 0.0%
$2,000,000 and up 7 0 Not Valid 5 0 Not Valid 40.0% 0.0%
Market Totals 551 86 6 485 102 5 13.6% -15.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $361,070 $397,290 $369,052 $331,664 $283,071 $308,343 $292,439 $299,108 $297,514 $308,291 Average Sale Price
Average Price/SqFt $184 $193 $179 $165 $145 $151 $145 $140 $138 $146 Average Price/SqFt
Days On Market 141 155 159 172 166 167 175 199 181 174 Days On Market
%Sale Price to List Price 96.4 93.6 93.8 93.5 93.1 92.8 92.9 90.9 93.6 93.5 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2014 are annualized based on actual sales year-to-date.
NORTHEAST DUTCHESSSINGLE FAMILY HOMES
DUTCHESS COUNTY
Preview all our HD Videos ofWestchester, Putnam and Dutchess
houlihanlawrence.com/communities
HOMES SOLD
TOWN/CITYQ2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
AMENIA 2 2 0% 5 7 -29%
NORTH EAST 5 2 150% 7 4 75%
PINE PLAINS 2 4 -50% 4 7 -43%
STANFORD 13 6 117% 17 9 89%
WASHINGTON 2 6 -67% 9 14 -36%
Northeast Dutchess 24 20 20% 42 41 2%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
AMENIA NORTH EAST
PINE PLAINS STANFORD
WASHINGTON
HOMESSOLD
Q2- 2014 VS. Q2- 2013 20%AVERAGESALE PRICE
Q2- 2014 VS. Q2- 2013 7%
AVERAGE SALE PRICE
TOWN/CITYQ2
2014Q2
2013%
CHANGE YTD2014
YTD2013
%CHANGE
AMENIA $104,750 $237,000 -56% $202,000 $80,000 153%
NORTH EAST $650,000 $237,000 174% $275,000 $237,000 16%
PINE PLAINS $151,500 $181,025 -16% $235,000 $182,000 29%
STANFORD $275,000 $292,500 -6% $300,000 $300,000 0%
WASHINGTON $225,635 $283,000 -20% $450,000 $385,000 17%
Northeast Dutchess $265,000 $248,000 7% $276,000 $246,000 12%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
NORTHEAST DUTCHESSSINGLE FAMILY HOMES
AMENIA, NORTH EAST, PINE PLAINS, STANFORD, WASHINGTONClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 89 11 8 89 12 7 0.0% -8.3%
$300,000 -$399,999 28 1 28 20 5 4 40.0% -80.0%
$400,000 - $499,999 13 2 7 20 0 Not Valid -35.0% 0.0%
$500,000 - $599,999 9 0 Not Valid 11 0 Not Valid -18.2% 0.0%
$600,000 - $799,999 19 0 Not Valid 11 1 11 72.7% -100.0%
$800,000 - $999,999 15 1 15 17 0 Not Valid -11.8% 0.0%
$1,000,000 - $1,999,999 33 0 Not Valid 24 2 12 37.5% -100.0%
$2,000,000 and up 38 1 38 40 4 10 -5.0% -75.0%
Market Totals 244 16 15 232 24 10 5.2% -33.3%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $661,970 $644,016 $645,731 $462,148 $531,786 $520,955 $1,012,500 $579,793 $572,532 $468,813 Average Sale Price
Average Price/SqFt $252 $244 $254 $207 $198 $204 $252 $221 $191 $183 Average Price/SqFt
Days On Market 180 184 205 217 177 219 234 238 198 216 Days On Market
%Sale Price to List Price 93.9 94.5 91.1 91.5 85.5 88.9 80.9 90.6 88.0 88.2 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2014 are annualized based on actual sales year-to-date.
DUTCHESS COUNTYCONDOMINIUMS
QUARTERLY MARKET OVERVIEW Q2
2014Q2
2013%
CHANGEYTD2014
YTD2013
%CHANGE
UNITS SOLD 98 87 12.6% 172 140 22.9%
AVERAGE SALE PRICE $191,642 $184,078 4.1% $199,001 $182,747 8.9%
MEDIAN SALE PRICE $173,000 $168,000 3.0% $185,000 $163,000 13.5%
AVERAGE PRICE PER SQUARE FOOT $132 $135 -2.2% $133 $138 -3.6%
AVERAGE DAYS ON MARKET 179 207 -13.5% 186 223 -16.6%
% SALE PRICE TO LIST PRICE 96.8 96.5 0.3% 97.4 96.2 1.2%
SUPPLY DEMAND ANALYSISAS OF JUNE 30, 2014 AS OF JUNE 30, 2013 2014 vs. 2013
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 306 57 5 312 77 4 -1.9% -26.0%
$300,000 -$399,999 63 32 2 74 36 2 -14.9% -11.1%
$400,000 - $499,999 16 12 1 21 6 4 -23.8% 100.0%
$500,000 - $599,999 3 1 3 1 0 Not Valid 200.0% 0.0%
$600,000 - $799,999 2 1 2 0 0 0 0.0% 0.0%
$800,000 - $999,999 0 0 0 0 0 0 0.0% 0.0%
$1,000,000 - $1,999,999 0 0 0 0 0 0 0.0% 0.0%
$2,000,000 and up 0 0 0 1 0 Not Valid -100.0% 0.0%
Market Totals 390 103 4 409 119 3 -4.6% -13.4%*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
TEN-YEAR MARKET HISTORY
Average Sale Price $205,470 $213,092 $229,891 $218,228 $203,034 $201,596 $199,877 $192,054 $205,732 $199,001 Average Sale Price
Average Price/SqFt $167 $173 $175 $163 $152 $146 $135 $134 $142 $133 Average Price/SqFt
Days On Market 116 132 143 172 162 162 209 209 209 186 Days On Market
%Sale Price to List Price 98.2 97.0 97.2 96.1 95.2 95.1 95.5 95.5 96.7 97.4 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-attached homes. * Homes sold for 2014 are annualized based on actual sales year-to-date.
THE POWER OF LEADERSHIPMeans never standing still. Our team of real estate experts are the top ranked, operating from a regional network of 26 offices, making us the number one selling real estate brokerage in New York City’s northern suburbs.
Building an esteemed network does not happen overnight. We have been developing our powerfulconnections for 125 years. We understand world-wide markets. We have the largest global network with international connections across 6 continents, with partners in 56 countries. Andby integrating smarter data and the newest digital platforms, we continue to stay one step ahead.
Proven and Proving it.
THE FUTURE OF REAL ESTATE SINCE 1888
5 GLOBAL NETWORKS – REACHING 56 COUNTRIES & 6 CONTINENTS
Christie’s International Real EstateLeading Real Estate Companies of the World | Luxury Portfolio International
Mayfair International Realty | Board of Regents Luxury Real Estate