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Active Rain • December 6, 2010

Peekskill Real Estate Market October-November 2010

by J. Philip Faranda

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

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