White Plains Real Estate Market May 2010

I like White Plains. It is the county seat of Westchester, has a great downtown, lots of pretty pre war buildings, and for some reason, even though I am over here in Briarcliff, I sell a lot of houses there. I have 2 deals going as I write this.  It has several sections, such as North White Plains, Downtown (which has those pretty apartments and a cool skyline), Battle Hill, Rosedale and Gedney Farms. It also has a big co-op and condo market which I’ll cover another time. All information is from the Westchester Putnam Multiple Listing Service for single family homes in White Plains.

Prices are down in 2010 from 2009 just a bit, with the median sales price slipping from $590,000 to $546,000 on 9 closings in each year respectively. However, while prices may be down, there is one really interesting blip about 2010 that is worth noting: the median asking price in May 2010 was $535,000. The median sales price was actually higher than the asking price. Are there competitive bids now? The answer is yes, and I know this firsthand.

More good news for White Plains is that there are 49 homes under contract, which is a hugely healthy figure, and at a median price of $610,000, home values are on the rise in White Plains.

There are 154 active listings, so even with all this activity buyer have plenty of options. If you want to check out a White Plains home for yourself, get a free Listingbook account and search White Plains homes for sale like an agent. 

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