According to total closed sales accumulated by the Westchester-Putnam MLS, the first quarter of 2009 lagged behind 2008 sales by 37%. Westchester’s single family house market with a decrease of 41% from the first quarter of 2008. Putnam County down 31% from same period last year.
The median sales price in Westchester of $532,000 in the first quarter of 2009 represents a 15% decrease from the $622,500 median posted in 2008 first quarter. In Putnam County the median sales price of $342,450 is 11% decrease from the $386,500, in the same period of 2008.
After a slow start to the year our housing market started to show signs of activity in March as buyers take advantage of the favorable market conditions, low interest rates and federal stimulus package incentives. Have we hit bottom? Only time will tell, will keep you posted.
For our local area, see following 2009 first quarter sold stats:
Zone 1 consist of Cortlandt, Peekskill, Yorktown, portion of Somers and New Castle.
Zone 1 | Unit Sold | Average List Price | Average Sold Price | Days on Market | Average Sq Feet | % of List to
Sale Price |
| | | | | | |
Single Family | 95 | $426,150 | $401,419 | 204 | 1900 | 94.2% |
Condo | 29 | $297,810 | $279,790 | 186 | 1313 | 94% |
Co-op | 9 | $122,735 | $114,311 | 275 | 780 | 93.1% |
Putnam encompasses Carmel, Kent, Southeast, Patterson, Philipstown, and Putnam Valley.
Putnam | Unit Sold | Average List Price | Average Sold Price | Days on Market | Average Sq Feet | % of List to
Sale Price |
| | | | | | |
Single Family | 131 | $389,306 | $368,002 | 210 | 2091 | 95% |
Condo | 23 | $281,513 | $271,313 | 177 | 1425 | 96.3% |
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