Active Rain April 12, 2010

Briarcliff Manor Real Estate Market April 2010

Ann and I have lived in Briarcliff Manor since 2007 but the fact of the matter is that I have known Briarcliff as long as I have been alive; it is one of two villages in the town of Ossining. A small portion of Briarcliff lies in the Town of Mount Pleasant. This post will cover the Briarcliff School district, and not the small part of Briarcliff that is served by Ossining Schools. All information is taken from the Westchester-Putnam Multiple Listing Service for single family homes. 

There have been 17 homes sold in Briarcliff in the past 180 days. The median sales price was $660,000. The average length of time on the market was 130 days. Here is the breakdown of percentage of asking price homes sold for broken down by time on market:

61-90 days: 98.4% of asking

91-120 days: 95.5% of asking

121+ days: 92.6% of asking price

Clearly, the more aggressively a home is priced, the higher percentage of asking price is paid by the buying public. This is the best argument for pricing it right to start with I know of, and it is not unique to Briarcliff. 

There are 6 homes under contract or pending sale at a median price of $923,185.

There are 47 active available listings with a median asking price of $849,000. 

Less expensive homes are selling more than higher priced homes, and there is over a year’s worth of available inventory on the market.