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This Market Report is for the Yorktown school district and all data is taken from the Empire Access (formerly Westchester-Putnam Multiple) Listing Service. It compares the sales of single family homes from October of 2010 to October of 2009. Prices of Active and pending listings are list price only, as contract prices are not disclosed until closing.
Very interesting occurrences in Yorktown.
First, last month, the highest priced home under contract was $1,875,000. That house appeared to have disappeared from the chart, because I couldn’t find it as active, sold, or expired in October. The mystery was solved when I discovered that it closed November 3, so it will appear in next month’s market report on November. I’ll have to start crunching these reports out earlier in the month.
Next, the lowest priced home under contract last month was priced at $260,000. It too disappeared, but I found it sold in the first week of November also. Yorktown is too high volume to wait a week to do the market report for last month.
ALTHOUGH…volume was not high in Yorktown in October compared to last month or last year at the same time. Median price is down $43,000 from last month and $100,000 from last October. Transaction totals are also way down. Not to worry, however, as there are 20 pending transactions (one of which is my own) as I type. The median asking price is way down at $374,500, however. Prices are trending down at this time, and the over $120,000 disparity between asking price of active listings and those under contract is foreboding.
Previous postings on Yorktown can be found here.
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