Active Rain December 6, 2010

Peekskill Real Estate Market October-November 2010

This is the market data for September of 2010 for single family homes in Peekskill, and all information is sourced from the Empire access (formerly Westchester-Putnam) MLS.

Peekskill Real Estate Market October-November 2010 Peekskill Westchester County

To say that I am bullish on Peekskill is an understatement. 

First, the bad news: after an abysmal September report, I skipped October. I shouldn’t have, because there were zero sales in November and I had to combine it with October to have anything to report on. 2 sales with a median sales price of $233,500 is way down from the 13 deals at $305,000 the same period in 2009. 

Now, the good news. There are FIFTEEN homes under contract in Peekskill now, and I have one of them. It is simply too nice a place for people not to take advantage of the affordability. I said this in September:

when the buyers wake up to what they can get at these low prices, you’ll see a spike. All markets are cyclical, and I think we are witnessing the calm before a storm of activity. 

Expect a powerful finish to 2010 and strong first quarter for 2011 in this wonderful Hudson River town. 

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.  

 Peekskill by the waterfront