Hendrick Hudson School District Real Estate Market May 2010

Located in northwest Westchester County, the Hendrick Hudson School district is in the town of Cortlandt and encompasses parts of Croton, Cortlandt Manor, Peekskill, and all of Montrose, Verplanck and Buchanan. All information is from the Westchester Putnam Multiple Listing Service. 

The district mirrors the uptick in activity and price for May 2010 compared to May 2009 that I have observed in other locales. 

Transaction totals have risen from 4 to 6; Median price is up from $344,500 to $425,00; and 8 homes are under contract for sale at a median asking price of $479,000. There is even a home under contract priced well over $900,000. That is all good news. 

15 Homes are under contract. 90 homes are actively for sale, giving the area over a year of available inventory.

What to conclude? A few thoughts:

• 2010 is better than 2009
• That isn’t saying much, but we are past the nadir.
• Barring another crisis, and I think we’ve wrung them all out, we are in the beginning of a very slow recovery.