Active Rain September 13, 2010

Peekskill, NY Real Estate Market August 2010

This is the market data for August of 2010 for single family homes in Peekskill, and all information is sourced from the Westchester-Putnam MLS.

OK- here goes:

Peekskill Real Estate Market August 2010 Peekskill Westchester County

Prices are way down. Only 1 home sold, so all statistics are at the mercy of a number too small to be considered a representative sample. Median price last month was $65,000 and August of last year was $289,500. There are 77 homes actively for sale- the balance is out of whack, with only 7 homes under contract at a median price of $247,500.

So sales are way down and pending sales are low. Here’s the deal: Peekskill is a nice place- low taxes, affordable homes, a vibrant downtown, and proximity to Manhattan, points upstate, and all the amenities of Westchester County. You could buy a pretty nice joint here for not much money. The law of supply and demand is immutable- someone is going to get some good deals, and that someone should be you. 

Yeah, you. Or someone you know. 

Get yourself a free Listingbook account and check out homes for sale in Peekskill. It is absolutely a buyer’s market here.

Previous posts about Peekskill are here.  

Downtown Peekskill