2012 Median Prices Up Mount Kisco 12% Chappaqua 2%
Daily Archives: February 2, 2013
Armonk NY Area Low Sales Price for 2012 | Armonk NY Homes
Armonk NY Area Low Sales Price for 2012 | Armonk NY Homes
2012 Low Sales Price Katonah $365,000.00 Mt Kisco $262,500.00 Bedford Hills $263,000.00 Bedford Village $418,500.00 North Salem $125,000.00 South Salem $185,000.00 Pound Ridge $355,000.00 Chappaqua $225,000.00 Armonk $150,000.00
Katonah NY Area 2012 High Sold Price Report | RobReportBlog
2012 High Sold Price $9,300,000.00 Armonk $2,575,000.00 Chappaqua $2,872,500.00 Pound Ridge $2,600,000.00 North Salem $4,750,000.00 Bedford NY $1,557,000.00 South Salem $3,995,000.00 Bedford Hills $3,950,000.00 Mount Kisco $4,000,000.00 Katonah
Average Size of a 2012 Sold Home in the Chappaqua NY Area | RobReportBlog
Average Size of a 2012 Sold Home in the Chappaqua NY Area | RobReportBlog
Square Feet 2012 Average Size of a Sold Home 3668 Armonk 3606 Chappaqua 3363 Pound Ridge 2762 North Salem 4081 Bedford NY 2842 South Salem 3176 Bedford Hills 2907 Mount Kisco 2721 Katonah
Westchester NY MLS Reports Price Decreases Since 2011 | Bedford Realtor
Westchester NY MLS Reports Price Decreases Since 2011 | Bedford Realtor
‘For the year as a whole, every county reported price decreases since 2011.
The median sale price of a Westchester single family house was $587,000, 2% lower than in 2011.
The comparable price in Purtnam was $300,000 or 8% below 2011.On the west side of the Hudson, Rockland’s single family house median was $380,000, a 3% decrease.
And Orange posted a $240,000 median, down 4%.
Only in the fourth quarter were some increases reported: Westchester’s fourth quarter median was $547,000, an increase of 4% over 2011; and Rockland also posted a 4% increase, to $363,000.’
Armonk NY Leads Bedford and Katonah in 2012 Sales Price/foot | RobReportBlog
Armonk NY Leads Bedford and Katonah in 2012 Sales Price/foot | RobReportBlog
2012 Average Sold Price per Foot $328.00 Armonk $290.00 Chappaqua $262.00 Pound Ridge $224.00 North Salem $322.00 Bedford NY $232.00 South Salem $288.00 Bedford Hills $256.00 Mount Kisco $303.00 Katonah
Mt Kisco Has Low 2012 ‘Days on Market Average’ | RobReportBlog
Mt Kisco Has Low 2012 ‘Days on Market Average’ | RobReportBlog
Average Days on Market for 2012 Sold Homes 207 Armonk 176 Chappaqua 201 Pound Ridge 238 North Salem 198 Bedford NY 235 South Salem 186 Bedford Hills 175 Mount Kisco 196 Katonah
Chappaqua and Katonah Lead in 2012 Average Sold to Ask Price | RobReportBlog
Chappaqua and Katonah Lead in Average Sold to Ask Price | RobReportBlog
Average 2012 Sold to Ask Price 93.72% Armonk 95.68% Chappaqua 93.10% Pound Ridge 93.07% North Salem 93.42% Bedford NY 93.66% South Salem 92.68% Bedford Hills 94.91% Mount Kisco 95.17% Katonah
Bedford, Armonk Lead in Highest 2012 Average Sold Price | RobReportBlog
Bedford, Armonk Lead in Highest 2012 Average Sold Price | RobReportBlog
Average 2012 Sold Price $1,264,648.00 Armonk $1,030,634.00 Chappaqua $892,754.00 Pound Ridge $639,674.00 North Salem $1,356,741.00 Bedford NY $652,715.00 South Salem $1,083,327.00 Bedford Hills $781,510.00 Mount Kisco $846,804.00 Katonah
New York City Housing Trails National Rebound | Chappaqua NY Real Estate
New York City’s housing market is poised to lag behind other markets for the next two years even as a national recovery in real estate continues.
That’s the assessment of Capital Economics Ltd. Property Economist Paul Diggle and assistant Michael Pearce, who in a Jan. 28 report said “conditions look less amenable to rising prices in New York City, particularly in Manhattan and Brooklyn.” By contrast, average U.S. prices may gain 5 percent a year, they said.
Housing in the region that includes New York City is 4 percent overvalued relative to rents and 2 percent overvalued relative to incomes, they estimate. Nationally, housing is 6 percent and 21 percent undervalued respectively, they estimate.
The economists compared average home prices in the New York region and nationally with average incomes over the past two decades to determine whether prices now seemed too high or low.
“Data on the level of house prices in Manhattan suggests that the average resident has to fork out seven times their annual income to buy in the borough,” they wrote. “The equivalent national figure is probably less than six.”
A potential crackdown in regulation of the financial services industry poses a threat to Wall Street, which may hurt housing prices for area residents, the authors said. Capital Economics’ U.S. housing department was the top forecaster of U.S. housing prices in the two years ended Feb. 1, 2012, according to Bloomberg Rankings.
“Regulatory uncertainty, not to mention macroeconomic instability emanating from problems in the euro-zone — which we don’t think are over — will constrain profits in the financial services industry and limit wage growth in NYC,” they wrote. “Domestic buyers will also not be helped by tight lending conditions” for larger-than-standard mortgages.
Finally, New York state continues to suffer from one of the largest backlogs of foreclosures in the U.S. About 6.5 percent of mortgaged properties in New York state were in the foreclosure process during the third quarter of last year, the fourth-highest of any state and well above the national rate of 5 percent, according to Capital Economics. The report said a foreclosure in the state typically takes three years to complete, the longest in the country.