Active Rain July 11, 2011

Yorktown Real Estate Market 2nd Quarter 2011

Yorktown in north Westchester CountyThis Market Report is for the Yorktown school district and all data is for single family homes taken from the Empire Access (formerly Westchester-Putnam Multiple) Listing Service.

In the 2nd quarter of 2011, Yorktown had 27 closed sales at a median sale price of $380,000.

In the same time period of 2010, 45 homes sold at a median sales price of $465,000.

Clearly, Yorktown is taking it on the chin this quarter. However, this quarter is being compared to the last stretch of the stimulus from last year, which artificially inflated the numbers. 

Currently, there are 26 homes under contract at an asking price of $397,464. If they close at an average of 95% of list price, that will put median value at just under $380,000. Values, therefore, look steady. 

There are 150 active and available listing on the market now at a median list price of $449,000. That means there is 18 months of inventory on the market, which is quite a bit. And judging from the median sale prices, the higher prices homes are not selling as well.

It is a good time to be a buyer. Is there an acho in here?  

Previous postings on Yorktown can be found here. 

To check out the 150 available properties Yorktown has to offer, register yourself for a free Listingbook account.