Active Rain July 5, 2010

Briarcliff Manor Real Estate Market June 2010

This is for single family home activity in the Briarcliff Manor school district for June of 2010. All information is derived from the Westchester-Putnam Multiple Listing Service. I blogged last month about the anomaly of no May sales in Briarcliff or Pleasantville, and true to  my expectation sales roared back in June.

Briarcliff Manor Real Estate Market June 2010Compared to June 2009, Briarcliff Manor sales volume more than  doubled. The median price of $649,000 is rather low for the area, but the 14 homes under contract have a median price of $1.1 million so it balances out.

One interesting fact: of the 9 sales, only 2 had more than 120 days on market. The homes that sold in under 90 days got 99% of asking price. The homes that sold in more than 120 days only got 89% of asking price. That is a huge disparity, and it speaks to the weakness of stale listings. Yet again, more evidence that pricing the house right to start with will net the seller more money, and that overpricing hurts in the long run. There are 54 available home in inventory, which is a healthy selection but not a burdensome amount. I expect a strong July in Briarcliff Manor real estate sales as well.  If you’d like to search for a home in Briarcliff, get yourself a free Listingbook account and search the MLS like an agent. 

Downtown Briarcliff Manor