Houlihan Lawrence Q1-2013 Market Report
HoulihanLawrence.com
Presented by Chris Meyers Houlihan Lawrence Direct: 914.220.7000 Mobile: 914.220.7000 Fax: 914.337.1671 chrismeyers@houlihanlawrence.com
Q1–2013 houlihanlawrence.com
Q1-2013
Executive Summary
April, 2013
The seeds of a housing recovery sown last year have blossomed this spring in both our region and across the United States. In Westchester, Putnam and Dutchess counties, pending sales (commitments to purchase a home at a specified price and terms, typically closing within 60 to 90 days) are up sharply compared to the same period last year, while inventory is down to 2004 levels, near the lows of the last bull market. Our current supply/demand ratio in Westchester (three active listings for every pending home sale) is at the lowest levels since 2005, and we are increasingly seeing multiple bidders vying for new listings in many communities. With inventory being absorbed at a faster pace than new listings entering the market - both locally and nationwide - we can expect to see rising home prices in 2013, consistent with our prediction last year that home values had bottomed. In fact, median prices are beginning to edge up locally in Q1 compared to the same period last year: in Westchester the median price was up 2% to $515,000; Putnam County median price increased by 3%. The national trend toward reduced inventories reflects a combination of psychological and economic factors. Some homeowners are unable to sell because they are under water on their mortgages, or have minimal equity available to purchase another home. Others may feel that time is on their side and are waiting for higher prices before listing. Whatever their reasons, homeowners across the country are staying put in greater numbers for the time being. Beneath the broad regional trend of higher pending sales, there are significant regional variations in housing market strength. • •
In Westchester, Greater White Plains and the Rivertowns are leading the way with pending sales up by 63% and 57% respectively. By contrast, pending sales are up more modestly in Northern Westchester (13%) and Northwest Westchester (5%), which have consistently lagged since 2008.
This dichotomy may reflect both the relative strength of the New York City job market and a growing buyer preference for in-town living and the most commuter-friendly suburbs. In New York City, record-breaking sale prices are making headlines as limited inventory and strong demand from both local and international buyers are fueling the luxury market. This high-end market activity is just beginning to work its way to the northern suburbs, and in recent months domestic and foreign buyers have snapped up several trophy properties in our region. However, the local luxury market (homes priced at $2 Million and up) is currently not as supply-constrained as the middle market. With time, we expect our luxury market to benefit secondarily from New York City’s strong high-end demand as it has in previous cycles. With the market shifting quickly, Houlihan Lawrence is committed to providing our clients with data and insights that reflect real-time market dynamics to help make the most informed real estate decision possible. Stephen Meyers President and CEO
Chris Meyers Managing Principal
Q1-2013
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Table of Contents Click on a green heading to jump to that page.
WESTCHESTER COUNTY Overview Single-family Homes Supply/Demand Snapshot Ten-Year Market History
New York City Gateway Mount Vernon New Rochelle Pelham Yonkers
Lower Westchester Bronxville Eastchester Edgemont Scarsdale Tuckahoe
The Rivertowns Ardsley Briarcliff Manor Dobbs Ferry Elmsford Hastings Irvington Mount Pleasant Ossining Pleasantville Pocantico Hills Tarrytown
Greater White Plains
Westchester Condominiums
Southwest Dutchess
Westchester Co-Operatives
Beacon East Fishkill Fishkill LaGrange Poughkeepsie Poughkeepsie/City Wappinger
Greenburgh Valhalla White Plains
Overview Supply/Demand Snapshot Ten-Year Market History
The Sound Shore
Overview Supply/Demand Snapshot Ten-Year Market History
Blind Brook Harrison Mamaroneck Port Chester Rye City Rye Neck
Northern Westchester Bedford Byram Hills Chappaqua Katonah–Lewisboro North Salem Somers
Northwest Westchester Croton–Harmon Hendrick Hudson Lakeland Peekskill Yorktown
PUTNAM COUNTY Brewster Carmel Garrison Haldane Lakeland Mahopac Putnam Valley
Putnam Condominiums Overview Supply/Demand Snapshot Ten-Year Market History
DUTCHESS COUNTY
Overview Single-family Homes Supply/Demand Snapshot Ten-Year Market History
Southeast Dutchess Beekman Dover Pawling Union Vale
Northeast Dutchess Amenia North East Pine Plains Stanford Washington
Northwest Dutchess Clinton Hyde Park Milan Pleasant Valley Red Hook Rhinebeck
Dutchess Condominiums Overview Supply/Demand Snapshot Ten-Year Market History
Q1-2013
houlihanlawrence.com
Westchester County Single-family Homes
Overview Homes Sold Average Sale Price Median Sale Price Average Days on Market % Sale Price to List Price
Q1-2013
Q1-2012
% Change
Full Year 2012
Full Year 2011
% Change
778 $709,709 $515,000 219 94.8
734 $726,933 $505,500 210 93.3
6.0% -2.4% 1.9% 4.3% 1.6%
4474 $800,651 $587,000 190 94.4
3842 $814,240 $600,000 181 94.3
16.4% -1.7% -2.2% 5.0% 0.1%
Supply/Demand Snapshot
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
927 677 507 358 210 112 86 87 84 3048
438 223 215 158 67 43 20 16 12 1192
2 3 2 2 3 3 4 5 7 3
1318 824 617 439 258 110 95 77 86 3824
365 173 177 130 53 28 25 14 7 972
4 5 3 3 5 4 4 6 12 4
-29.7% -17.8% -17.8% -18.5% -18.6% 1.8% -9.5% 13.0% -2.3% -20.3%
20.0% 28.9% 21.5% 21.5% 26.4% 53.6% -20.0% 14.3% 71.4% 22.6%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$829,006
$881,789
$913,997
$936,242
$881,437
$763,469
$827,990
$814,240
$322
$345
$348
$350
$334
$297
$305
$292
$286
$272
140
140
153
164
169
178
176
181
190
219
98.1
97.6
96.4
96.0
95.2
92.9
94.2
94.3
94.4
94.8
Source: Hudson Gateway Multiple Listing Service, Single-family homes
$800,651 $709,709
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
NYC Gateway Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Mount Vernon
21
24
-13%
96
88
9%
New Rochelle
53
41
29%
262
240
9%
Pelham
15
17
-12%
115
88
31%
Yonkers
81
90
-10%
404
337
20%
NYC Gateway
170
172
-1%
877
753
17%
School District
Homes Sold down 1% Q1- 2013 vs. Q1- 2012 Median Price up 5% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report.
New Rochelle
Mount Vernon
New Rochelle
Pelham
Yonkers
Median Sale Price Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Mount Vernon
$370,000
$337,500
10%
$317,000
$350,000
-9%
New Rochelle
$525,000
$557,500
-6%
$567,500
$582,500
-3%
Pelham
$656,250
$510,000
29%
$685,000
$803,750
-15%
Yonkers
$415,000
$385,000
8%
$390,000
$415,000
-6%
NYC Gateway
$445,000
$423,750
5%
$465,000
$490,000
-5%
School District
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Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8
NYC Gateway
Q1-2013
Single-family homes
Market Report
Mount Vernon, New Rochelle, Pelham, Yonkers
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
49 108 111 102 110 41 63 13 597
38 48 37 32 40 19 19 2 235
1 2 3 3 3 2 3 7 3
95 136 131 122 133 49 76 9 751
36 38 25 20 35 13 20 0 187
3 4 5 6 4 4 4 Not Valid 4
-48.4% -20.6% -15.3% -16.4% -17.3% -16.3% -17.1% 44.4% -20.5%
5.6% 26.3% 48.0% 60.0% 14.3% 46.2% -5.0% 0.0% 25.7%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$601,033
$684,970
$658,763
$668,933
$619,854
$539,928
$572,784
$574,874
$270
$295
$292
$298
$283
$254
$253
$245
$239
$229
138
140
151
160
165
180
178
180
197
218
97.9
98.0
96.7
96.4
95.6
94.1
94.5
94.3
94.4
94.2
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8
$539,314 $499,038
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Lower Westchester Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Bronxville
12
10
20%
81
47
72%
Eastchester
13
9
44%
79
82
-4%
Edgemont
14
17
-18%
98
49
100%
Scarsdale
24
21
14%
226
205
10%
Tuckahoe
6
2
200%
36
27
33%
Lower Westchester
69
59
17%
520
410
27%
School District
Homes Sold up 17% Q1- 2013 vs. Q1- 2012 Median Price down 19% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report. Bronxville
Eastchester
Edgemont
Scarsdale
Tuckahoe
Median Sale Price Scarsdale School District Bronxville
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Q1 2013
Q1 2012
% Change 4%
Full Year 2012
Full Year 2011
% Change
$1,600,000
$1,860,000
-14%
$1,462,500
$1,413,500
Eastchester
$485,000
$565,000
-14%
$555,000
$593,500
-7%
Edgemont
$812,500
$1,095,000
-26%
$908,125
$925,000
-2%
Scarsdale
$1,210,000
$1,355,000
-11%
$1,325,000
$1,225,000
8%
Tuckahoe
$925,000
$568,000
63%
$660,000
$610,000
8%
Lower Westchester
$975,000
$1,200,000
-19%
$999,999
$995,000
1%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6
Lower Westchester
Q1-2013
Single-family homes
Market Report
Bronxville, Eastchester, Edgemont, Scarsdale, Tuckahoe
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
3 36 43 45 24 20 22 19 16 228
5 28 37 40 15 18 5 4 4 156
1 1 1 1 2 1 4 5 4 1
16 55 74 65 41 31 17 17 15 331
5 16 37 39 14 13 11 7 3 145
3 3 2 2 3 2 2 2 5 2
-81.3% -34.5% -41.9% -30.8% -41.5% -35.5% 29.4% 11.8% 6.7% -31.1%
0.0% 75.0% 0.0% 2.6% 7.1% 38.5% -54.5% -42.9% 33.3% 7.6%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$1,204,413 $1,330,846 $1,351,736 $1,393,748 $1,297,435 $1,212,153 $1,302,610 $1,282,116 $1,312,425 $1,200,235 $417
$447
$456
$455
$440
$387
$411
$398
$402
$399
147
148
161
164
162
185
177
174
169
196
99.1
97.5
96.5
96.6
95.6
91.9
94.6
95.0
96.0
95.3
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
The Rivertowns
Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Ardsley
15
13
15%
84
63
33%
Briarcliff Manor
12
8
50%
55
51
8%
Dobbs Ferry
12
13
-8%
59
39
51%
Elmsford
12
5
140%
37
30
23%
Hastings
15
5
200%
59
67
-12%
Irvington
9
13
-31%
77
43
79%
Mount Pleasant
8
16
-50%
86
71
21%
Ossining
21
26
-19%
145
137
6%
Pleasantville
5
11
-55%
71
47
51%
Pocantico Hills
1
1
0%
8
8
0%
Tarrytown
9
6
50%
52
38
37%
119
117
2%
733
594
23%
School District
The Rivertowns
Click on a School district to obtain the latest monthly market report. Ardsley Elmsford Mount Pleasant Pocantico Hills
Briarcliff Manor Hastings Ossining Tarrytown
Dobbs Ferry Irvington Pleasantville
Homes Sold up 2% Q1- 2013 vs. Q1- 2012 Median Price up 11% Q1- 2013 vs. Q1- 2012
Median Sale Price Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Ardsley
$515,000
$404,000
28%
$523,750
$517,000
1%
Briarcliff Manor
$633,750
$656,600
-4%
$800,000
$683,010
17%
Dobbs Ferry
$745,000
$610,000
22%
$629,000
$700,000
-10%
Elmsford
$357,500
$418,000
-15%
$405,000
$421,000
-4%
Hastings
$600,000
$560,000
7%
$625,000
$660,000
-5%
Irvington
$965,000
$650,000
49%
$740,000
$810,000
-9%
Mount Pleasant
$510,000
$468,750
9%
$490,000
$500,000
-2%
Ossining
$445,000
$369,111
21%
$355,000
$385,000
-8%
Pleasantville
$506,250
$427,000
19%
$525,000
$495,000
6%
$1,100,000
$295,000
273%
$790,955
$657,500
20%
School District
The Rivertowns
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Pocantico Hills Tarrytown
$485,000
$595,000
-19%
$550,000
$606,625
-9%
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The Rivertowns
$522,000
$470,000
11%
$535,000
$530,000
1%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3
The Rivertowns
Q1-2013
Single-family homes
Market Report
Ardsley, Briarcliff Manor, Dobbs Ferry, Elmsford, Hastings, Irvington, Mount Pleasant, Ossining, Pleasantville, Pocantico Hills, Tarrytown
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
35 54 57 70 84 26 71 24 421
25 17 32 21 35 18 48 3 199
1 3 2 3 2 1 1 8 2
53 61 101 81 105 49 91 21 562
15 24 17 16 25 13 12 5 127
4 3 6 5 4 4 8 4 4
-34.0% -11.5% -43.6% -13.6% -20.0% -46.9% -22.0% 14.3% -25.1%
66.7% -29.2% 88.2% 31.3% 40.0% 38.5% 300.0% -40.0% 56.7%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$716,948
$749,612
$737,385
$719,413
$727,417
$622,480
$630,618
$620,144
$314
$335
$329
$327
$313
$288
$281
$274
$264
$283
139
138
146
158
175
173
175
184
196
212
98.3
98.0
96.5
96.6
95.6
94.7
94.7
95.1
95.3
96.0
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3
$608,046 $626,868
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Greater White Plains
Single-family homes
Homes Sold Q1 Q1 2013 2012
School District
% Change
Full Year 2012
Full Year 2011
% Change
Greenburgh
17
24
-29%
100
92
9%
Valhalla
21
7
200%
44
39
13%
White Plains
35
32
9%
177
155
14%
Greater White Plains
73
63
16%
321
286
12%
Homes Sold up 16% Q1- 2013 vs. Q1- 2012 Median Price up 12% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report.
Greenburgh
Valhalla
White Plains
White Plains
Median Sale Price Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Greenburgh
$375,000
$401,250
-7%
$426,877
$446,250
-4%
Valhalla
$534,000
$420,000
27%
$452,500
$437,500
3%
White Plains
$574,000
$474,000
21%
$592,000
$550,000
8%
Greater White Plains
$500,000
$446,000
12%
$510,000
$495,000
3%
School District
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Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4
Greater White Plains
Q1-2013
Single-family homes
Market Report
Greenburgh, Valhalla, White Plains
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
8 32 31 44 26 12 15 1 169
8 15 22 17 14 8 4 0 88
1 2 1 3 2 2 4 Not Valid 2
14 48 49 43 63 15 24 1 257
6 13 10 5 12 3 5 0 54
2 4 5 9 5 5 5 Not Valid 5
-42.9% -33.3% -36.7% 2.3% -58.7% -20.0% -37.5% 0.0% -34.2%
33.3% 15.4% 120.0% 240.0% 16.7% 166.7% -20.0% 0.0% 63.0%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$613,760
$674,650
$675,274
$672,834
$658,832
$579,604
$578,480
$532,545
$294
$332
$328
$325
$308
$284
$272
$258
$252
$248
120
118
132
142
163
169
166
173
193
250
99.5
98.9
97.3
97.1
95.9
93.9
95.4
95.1
95.0
96.3
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4
$563,760 $526,741
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
The Sound Shore
Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Blind Brook
8
12
-33%
61
55
11%
Harrison
19
27
-30%
131
129
2%
Mamaroneck
28
29
-3%
223
213
5%
Port Chester
15
10
50%
79
51
55%
Rye City
17
15
13%
153
132
16%
Rye Neck
6
7
-14%
49
67
-27%
The Sound Shore
93
100
-7%
696
647
8%
School District
Homes Sold down 7% Q1- 2013 vs. Q1- 2012 Median Price down 13% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report. Blind Brook
Harrison
Mamaroneck
Port Chester
Rye City
Rye Neck
Median Sale Price The Sound Shore
Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Blind Brook
$636,250
$779,375
-18%
$767,500
$779,000
-2%
Harrison
$880,000
$962,500
-9%
$949,000
$1,344,850
-29%
Mamaroneck
$1,060,750
$1,140,000
-7%
$998,000
$996,999
0%
Port Chester
$382,000
$405,500
-6%
$406,000
$425,000
-5%
$1,075,000
$2,150,000
-50%
$1,570,000
$1,514,000
4%
Rye Neck
$550,000
$625,000
-12%
$640,000
$799,000
-20%
The Sound Shore
$765,000
$880,000
-13%
$894,500
$950,000
-6%
School District
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Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5
The Sound Shore
Q1-2013
Single-family homes
Market Report
Blind Brook, Harrison, Mamaroneck, Port Chester, Rye City, Rye Neck
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
60 69 83 71 48 36 23 28 25 443
30 21 43 28 28 17 8 8 5 188
2 3 2 3 2 2 3 4 5 2
97 86 89 82 80 32 36 25 25 552
37 24 27 34 21 7 6 4 3 163
3 4 3 2 4 5 6 6 8 3
-38.1% -19.8% -6.7% -13.4% -40.0% 12.5% -36.1% 12.0% 0.0% -19.7%
-18.9% -12.5% 59.3% -17.6% 33.3% 142.9% 33.3% 100.0% 66.7% 15.3%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$1,153,411 $1,237,111 $1,316,380 $1,356,202 $1,344,403 $1,149,544 $1,215,667 $1,262,051 $1,226,439 $1,102,043 $406
$433
$455
$453
$450
$395
$398
$402
$392
$379
142
147
152
165
174
179
170
170
176
182
97.9
96.6
96.7
95.6
94.8
91.2
93.7
94.1
93.9
95.2
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Northern Westchester
Single-family homes
Homes Sold School District
Q1 Q1 2013 2012
% Change
Full Year 2012
Full Year 2011
% Change
Bedford
23
36
-36%
205
185
11%
Byram Hills
21
12
75%
127
106
20%
Chappaqua
26
20
30%
131
132
-1%
Katonah-Lewisboro
28
30
-7%
181
141
28%
North Salem
11
19
-42%
58
34
71%
Somers
22
20
10%
114
95
20%
Northern Westchester
131
137
-4%
816
693
18%
Homes Sold down 4% Q1- 2013 vs. Q1- 2012 Median Price up 15% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report. Bedford
Byram Hills
Chappaqua
Katonah–Lewisboro
North Salem
Somers
Median Sale Price Bedford
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School District
Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Bedford
$979,000
$949,500
3%
$705,000
$775,000
-9%
Byram Hills
$987,500
$773,750
28%
$860,000
$1,063,750
-19%
Chappaqua
$955,000
$590,000
62%
$850,000
$845,125
1%
Katonah-Lewisboro
$620,000
$635,000
-2%
$629,000
$596,000
6%
North Salem
$455,000
$415,000
10%
$454,319
$508,000
-11%
Somers
$466,750
$452,500
3%
$464,000
$542,000
-14%
Northern Westchester
$697,000
$608,000
15%
$692,500
$753,500
-8%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2
Northern Westchester
Q1-2013
Single-family homes
Market Report
Bedford, Byram Hills, Chappaqua, Katonah–Lewisboro, North Salem, Somers
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
113 149 173 136 76 34 33 35 36 785
54 33 54 33 10 6 4 4 3 201
2 5 3 4 8 6 8 9 12 4
168 170 181 144 81 36 32 29 40 881
42 36 50 23 12 6 6 2 1 178
4 5 4 6 7 6 5 15 40 5
-32.7% -12.4% -4.4% -5.6% -6.2% -5.6% 3.1% 20.7% -10.0% -10.9%
28.6% -8.3% 8.0% 43.5% -16.7% 0.0% -33.3% 100.0% 200.0% 12.9%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$1,045,970 $1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065
$979,814
$939,854
$912,747 $932,989
$340
$373
$360
$368
$340
$289
$299
$274
$267
$270
151
149
169
182
171
180
185
193
199
257
97.2
97.4
95.8
95.2
94.6
92.7
93.6
93.2
92.8
93.3
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Northwest Westchester Single-family homes
Homes Sold Q1 Q1 2013 2012
School District
% Change
Full Year 2012
Full Year 2011
% Change
Croton-Harmon
15
11
36%
59
64
-8%
Hendrick Hudson
19
12
58%
80
67
19%
Lakeland
35
34
3%
171
155
10%
Peekskill
17
11
55%
59
54
9%
Yorktown
35
18
94%
134
111
21%
Northwest Westchester
121
86
41%
503
451
12%
Homes Sold up 41% Q1- 2013 vs. Q1- 2012 Median Price up 1% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report. Croton–Harmon
Hendrick Hudson
Lakeland
Peekskill
Yorktown
Median Sale Price Yorktown School District
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Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year % 2011 Change
Croton-Harmon
$410,000
$465,000
-12%
$472,500
$528,250
-11%
Hendrick Hudson
$315,000
$388,500
-19%
$349,000
$355,000
-2%
Lakeland
$315,000
$301,000
5%
$322,500
$325,000
-1%
Peekskill
$230,500
$230,000
0%
$240,000
$232,500
3%
Yorktown
$412,500
$366,250
13%
$386,500
$410,000
-6%
Northwest Westchester
$340,000
$336,500
1%
$342,500
$352,500
-3%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1
Northwest Westchester Single-family homes
Q1-2013
Market Report
Croton–Harmon, Hendrick Hudson, Lakeland, Peekskill, Yorktown
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
97 96 67 50 46 19 19 4 398
50 37 18 8 8 2 0 0 123
2 3 4 6 6 10 Not Valid Not Valid 3
124 134 85 49 53 21 13 2 481
54 31 12 6 4 7 3 0 117
2 4 7 8 13 3 4 Not Valid 4
-21.8% -28.4% -21.2% 2.0% -13.2% -9.5% 46.2% 100.0% -17.3%
-7.4% 19.4% 50.0% 33.3% 100.0% -71.4% -100.0% 0.0% 5.1%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$473,575
$518,962
$524,300
$511,158
$513,692
$419,037
$421,273
$395,090
$239
$259
$256
$248
$243
$215
$207
$195
$187
$184
130
130
151
160
167
177
178
186
194
212
98.6
97.9
96.5
96.3
95.0
94.8
94.9
94.8
94.9
95.1
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1
$394,992 $379,297
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Q1-2013
houlihanlawrence.com
Westchester County Condominiums
Overview Units Sold Average Sale Price Median Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
Q1-2013
Q1-2012
% Change
Full Year 2012
Full Year 2011
% Change
211 $347,692 $312,000 $263 185 96.1
191 $347,045 $315,000 $268 220 94.5
10.5% 0.2% -1.0% -1.9% -15.9% 1.7%
1007 $371,925 $330,000 $262 187 94.9
836 $411,994 $337,250 $277 180 94.2
20.5% -9.7% -2.1% -5.4% 3.9% 0.7%
Supply/Demand Snapshot
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
203 140 76 42 52 19 15 5 552
85 57 32 15 24 14 14 0 241
2 2 2 3 2 1 1 Not Valid 2
308 177 105 59 70 28 21 10 778
69 55 16 16 12 4 3 1 176
4 3 7 4 6 7 7 10 4
-34.1% -20.9% -27.6% -28.8% -25.7% -32.1% -28.6% -50.0% -29.0%
23.2% 3.6% 100.0% -6.3% 100.0% 250.0% 366.7% -100.0% 36.9%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$372,088
$420,845
$424,230
$434,912
$430,037
$397,114
$400,317
$411,994
$278
$312
$328
$330
$321
$291
$286
$277
$262
$263
110
116
138
162
169
174
180
180
187
185
98.9
99.0
97.2
96.6
95.8
94.2
94.8
94.2
94.9
96.1
Source: Hudson Gateway Multiple Listing Service, Condominiums
$371,925 $347,692
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Q1-2013
houlihanlawrence.com
Westchester County Co-Operatives
Overview Units Sold Average Sale Price Median Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
Q1-2013
Q1-2012
% Change
Full Year 2012
Full Year 2011
% Change
283 $177,746 $139,000 $172 244 94.0
260 $172,112 $144,500 $172 220 92.9
8.8% 3.3% -3.8% 0.0% 10.9% 1.2%
1258 $177,903 $148,200 $174 220 94.0
1160 $185,347 $160,000 $185 212 93.6
8.4% -4.0% -7.4% -5.9% 3.8% 0.4%
Supply/Demand Snapshot
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
1329 65 16 10 18 5 0 0 1443
334 20 11 5 4 2 1 0 377
4 3 1 2 5 3 0 0 4
1513 76 26 5 16 2 2 0 1640
284 11 5 0 6 2 0 0 308
5 7 5 Not Valid 3 1 Not Valid 0 5
-12.2% -14.5% -38.5% 100.0% 12.5% 150.0% -100.0% 0.0% -12.0%
17.6% 81.8% 120.0% 0.0% -33.3% 0.0% 0.0% 0.0% 22.4%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$170,763
$200,562
$207,205
$213,747
$205,727
$192,922
$195,024
$185,347
$180
$209
$218
$223
$219
$202
$197
$185
$174
$172
142
143
153
170
173
203
207
212
220
244
98.4
98.3
96.6
96.0
95.3
93.9
93.8
93.6
94.0
94.0
Source: Hudson Gateway Multiple Listing Service, Co-Operatives
$177,903 $177,746
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Putnam County
Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Brewster
27
22
23%
131
86
52%
Carmel
30
36
-17%
181
162
12%
Garrison
7
2
250%
13
27
-52%
Haldane
9
3
200%
46
35
31%
Lakeland
6
3
100%
23
27
-15%
Mahopac
21
32
-34%
167
135
24%
Putnam Valley
13
10
30%
63
96
-34%
Putnam County
113
108
5%
624
568
10%
School District
Homes Sold up 5% Q1- 2013 vs. Q1- 2012 Median Price up 3% Q1- 2013 vs. Q1- 2012
Click on a School district to obtain the latest monthly market report. Brewster Garrison Lakeland Putnam Valley
Carmel Haldane Mahopac
Median Sale Price Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Brewster
$255,000
$243,500
5%
$274,000
$310,000
-12%
Carmel
$255,500
$217,550
17%
$245,000
$259,500
-6%
Garrison
$508,000
$1,050,000
-52%
$597,500
$557,500
7%
Haldane
$535,000
$392,500
36%
$405,000
$459,000
-12%
Lakeland
$350,000
$280,000
25%
$315,875
$350,000
-10%
Mahopac
$300,000
$330,000
-9%
$335,000
$347,500
-4%
Preview all our HD Videos of Westchester, Putnam and Dutchess
Putnam Valley
$260,000
$298,750
-13%
$297,500
$317,500
-6%
houlihanlawrence.com/hltv
Putnam County
$281,900
$274,500
3%
$299,000
$324,950
-8%
School District Brewster-Mahopac
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9
Putnam County
Q1-2013
Single-family homes
Market Report
Brewster, Carmel, Garrison, Haldane, Lakeland, Mahopac, Putnam Valley
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
277 137 99 60 61 27 25 12 698
77 32 18 14 7 2 1 0 151
4 4 6 4 9 14 25 Not Valid 5
315 141 90 66 83 29 31 19 774
77 25 20 10 8 0 2 1 143
4 6 5 7 10 Not Valid 16 19 5
-12.1% -2.8% 10.0% -9.1% -26.5% -6.9% -19.4% -36.8% -9.8%
0.0% 28.0% -10.0% 40.0% -12.5% 0.0% -50.0% -100.0% 5.6%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$422,637
$466,576
$466,930
$463,756
$438,500
$373,616
$356,730
$372,783
$222
$242
$244
$232
$214
$190
$176
$178
$169
$173
151
153
157
178
180
192
206
211
212
249
97.3
97.1
96.3
95.6
94.5
92.7
94.3
93.7
94.0
94.6
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9
$350,828 $342,060
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Q1-2013
houlihanlawrence.com
Putnam County Condominiums
Overview Units Sold Average Sale Price Median Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
Q1-2013
Q1-2012
% Change
Full Year 2012
Full Year 2011
% Change
19 $236,654 $204,000 $154 318 96.1
17 $220,589 $187,000 $159 261 95.2
11.8% 7.3% 9.1% -3.1% 21.8% 0.9%
69 $231,039 $206,000 $155 252 94.7
80 $266,995 $236,500 $169 186 95.0
-13.8% -13.5% -12.9% -8.3% 35.5% -0.3%
Supply/Demand Snapshot
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
72 7 0 7 1 0 1 1 89
18 2 0 5 0 0 0 0 25
4 4 0 1 Not Valid 0 Not Valid Not Valid 4
85 15 3 3 0 0 0 1 107
11 2 2 3 0 0 0 0 18
8 8 2 1 0 0 0 Not Valid 6
-15.3% -53.3% -100.0% 133.3% 0.0% 0.0% 0.0% 0.0% -16.8%
63.6% 0.0% -100.0% 66.7% 0.0% 0.0% 0.0% 0.0% 38.9%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$241,434
$262,122
$277,229
$290,809
$296,499
$248,638
$248,143
$266,995
$184
$211
$223
$217
$211
$188
$174
$169
$155
$154
104
115
130
152
169
179
190
186
252
318
98.1
98.3
97.2
96.6
96.2
95.4
94.8
95.0
94.7
96.1
Source: Hudson Gateway Multiple Listing Service, Condominiums
$231,039 $236,654
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Q1-2013
houlihanlawrence.com
Dutchess County Single-family Homes
Overview Homes Sold Average Sale Price Median Sale Price Average Days on Market % Sale Price to List Price
Q1-2013
Q1-2012
% Change
Full Year 2012
Full Year 2011
% Change
343 $293,856 $224,000 213 92.8
297 $273,917 $235,000 211 93.2
15.5% 7.3% -4.7% 0.9% -0.4%
1612 $291,263 $242,134 190 93.7
1494 $311,943 $246,000 187 92.0
7.9% -6.6% -1.6% 1.6% 1.8%
Supply/Demand Snapshot
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
846 286 122 115 93 48 56 48 1614
260 70 18 22 20 6 5 2 403
3 4 7 5 5 8 11 24 4
1035 353 176 95 106 44 67 56 1932
208 51 20 11 19 2 2 2 315
5 7 9 9 6 22 34 28 6
-18.3% -19.0% -30.7% 21.1% -12.3% 9.1% -16.4% -14.3% -16.5%
25.0% 37.3% -10.0% 100.0% 5.3% 200.0% 150.0% 0.0% 27.9%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$168
$187
$188
$181
$165
$149
$147
$140
$135
$136
147
137
151
155
160
164
172
187
190
213
97.3
97.3
96.2
95.2
94.6
93.7
94.0
92.0
93.7
92.8
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Southwest Dutchess Single-family homes
Homes Sold Town/City
Q1 Q1 2013 2012
% Change
Full Year 2012
Full Year 2011
% Change
Beacon
14
20
-30%
74
63
18%
East Fishkill
36
28
29%
189
189
0%
Fishkill
24
24
0%
98
72
36%
La Grange
27
17
59%
110
115
-4%
Poughkeepsie
60
51
18%
276
256
8%
City of Poughkeepsie
19
16
19%
68
90
-24%
Wappinger
26
17
53%
127
143
-11%
Southwest Dutchess
206
173
19%
942
928
2%
Homes Sold up 19% Q1- 2013 vs. Q1- 2012 Average Price up 8% Q1- 2013 vs. Q1- 2012
Click to obtain a specific town/city monthly market report. Beacon Fishkill Poughkeepsie Wappinger
East Fishkill La Grange City of Poughkeepsie
Average Sale Price Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Beacon
$224,250
$208,000
8%
$203,723
$224,500
-9%
East Fishkill
$366,700
$422,500
-13%
$340,000
$340,000
0%
Fishkill
$252,500
$238,500
6%
$239,211
$249,000
-4%
La Grange
$272,000
$249,100
9%
$263,500
$256,000
3%
Poughkeepsie
$177,000
$195,000
-9%
$205,000
$215,000
-5%
City of Poughkeepsie
$162,680
$160,250
2%
$166,000
$166,000
0%
Wappinger
$245,500
$230,000
7%
$249,000
$255,000
-2%
Southwest Dutchess
$224,250
$208,000
8%
$203,723
$224,500
-9%
Town/City Poughkeepsie Area
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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Southwest Dutchess
Q1-2013
Single-family homes
Market Report
Beacon, East Fishkill, Fishkill, La Grange, Poughkeepsie, City of Poughkeepsie, Wappinger
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
452 129 63 74 33 8 5 1 765
182 41 12 16 8 4 1 0 264
2 3 5 5 4 2 5 Not Valid 3
583 171 88 55 47 9 9 3 965
146 30 15 8 10 1 0 0 210
4 6 6 7 5 9 Not Valid Not Valid 5
-22.5% -24.6% -28.4% 34.5% -29.8% -11.1% -44.4% -66.7% -20.7%
24.7% 36.7% -20.0% 100.0% -20.0% 300.0% 0.0% 0.0% 25.7%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$164
$180
$183
$176
$161
$150
$142
$134
$127
$134
137
128
145
148
154
159
165
183
178
216
98.1
98.4
97.7
96.4
95.5
95.5
95.4
95.3
95.3
96.0
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Southeast Dutchess
Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Beekman
11
15
-27%
84
63
33%
Dover
10
9
11%
31
47
-34%
Pawling
13
7
86%
43
31
39%
Union Vale
4
6
-33%
24
16
50%
Southeast Dutchess
38
37
3%
182
157
16%
Town/City
Homes Sold up 3% Q1- 2013 vs. Q1- 2012 Average Price down 16% Q1- 2013 vs. Q1- 2012
Click to obtain a specific town/city monthly market report.
Dutchess County
Beekman
Dover
Pawling
Union Vale
Average Sale Price Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Beekman
$265,000
$280,000
-5%
$310,125
$355,000
-13%
Dover
$152,000
$145,000
5%
$174,000
$160,000
9%
Pawling
$237,500
$358,500
-34%
$315,000
$280,000
13%
Union Vale
$236,500
$238,870
-1%
$296,500
$335,500
-12%
Southeast Dutchess
$218,500
$260,000
-16%
$284,750
$284,675
0%
Town/City
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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Southeast Dutchess
Q1-2013
Single-family homes
Market Report
Beekman, Dover, Pawling, Union Vale
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
99 46 19 15 18 11 14 8 230
24 13 1 4 7 0 0 1 50
4 4 19 4 3 Not Valid Not Valid 8 5
121 74 29 12 22 12 12 8 290
14 9 3 1 3 1 0 0 31
9 8 10 12 7 12 Not Valid Not Valid 9
-18.2% -37.8% -34.5% 25.0% -18.2% -8.3% 16.7% 0.0% -20.7%
71.4% 44.4% -66.7% 300.0% 133.3% -100.0% 0.0% 0.0% 61.3%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$188
$206
$198
$190
$181
$156
$154
$133
$135
$117
164
145
154
170
157
180
189
219
216
240
97.1
97.4
96.6
95.4
94.3
93.0
94.2
93.7
96.0
91.6
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Northwest Dutchess
Single-family homes
Homes Sold Town/City
Q1 Q1 2013 2012
% Change
Full Year 2012
Full Year 2011
% Change
Clinton
5
3
67%
36
40
-10%
Hyde Park
23
23
0%
133
97
37%
Milan
4
1
300%
13
12
8%
Pleasant Valley
19
10
90%
58
51
14%
Red Hook
11
13
-15%
63
51
24%
Rhinebeck
11
14
-21%
70
53
32%
Northwest Dutchess
73
64
14%
373
304
23%
Homes Sold up 14% Q1- 2013 vs. Q1- 2012 Average Price down 6% Q1- 2013 vs. Q1- 2012
Click to obtain a specific town/city monthly market report. Clinton
Hyde Park
Milan
Pleasant Valley
Red Hook
Rhinebeck
Average Sale Price Dutchess County
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Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Clinton
$245,000
$775,000
-68%
$320,650
$355,250
-10%
Hyde Park
$180,000
$190,000
-5%
$175,500
$179,000
-2%
Milan
$258,500
$230,000
12%
$330,000
$350,000
-6%
Pleasant Valley
$230,000
$290,000
-21%
$253,750
$250,000
2%
Red Hook
$230,000
$310,000
-26%
$285,500
$260,000
10%
Rhinebeck
$265,000
$317,500
-17%
$322,500
$295,000
9%
Northwest Dutchess
$224,000
$238,500
-6%
$240,000
$244,500
-2%
Town/City
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Northwest Dutchess
Q1-2013
Single-family homes
Market Report
Clinton, Hyde Park, Milan, Pleasant Valley, Red Hook, Rhinebeck
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
203 82 27 21 23 12 19 4 391
43 14 4 2 4 2 1 0 70
5 6 7 11 6 6 19 Not Valid 6
249 76 41 19 23 16 24 12 460
39 9 1 1 6 0 1 0 57
6 8 41 19 4 Not Valid 24 Not Valid 8
-18.5% 7.9% -34.1% 10.5% 0.0% -25.0% -20.8% -66.7% -15.0%
10.3% 55.6% 300.0% 100.0% -33.3% 0.0% 0.0% 0.0% 22.8%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$167
$184
$193
$179
$165
$145
$151
$145
$140
$127
157
141
155
159
172
166
167
175
199
207
97.0
96.4
93.6
93.8
93.5
93.1
92.8
92.9
90.9
92.6
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Northeast Dutchess
Single-family homes
Homes Sold Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
Amenia
5
4
25%
16
16
0%
North East
2
0
0%
6
4
50%
Pine Plains
3
1
200%
8
7
14%
Stanford
3
5
-40%
33
22
50%
Washington
8
8
0%
18
23
-22%
Northeast Dutchess
21
18
17%
81
72
13%
Town/City
Homes Sold up 17% Q1- 2013 vs. Q1- 2012 Average Price down 20% Q1- 2013 vs. Q1- 2012
Click to obtain a specific town/city monthly market report. Amenia
North East
Pine Plains
Stanford
Washington
Average Sale Price Dutchess County
Q1 2013
Q1 2012
% Change
Full Year 2012
Full Year 2011
% Change
$80,000
$151,500
-47%
$222,500
$346,000
-36%
North East
$710,000
$0
0%
$312,750
$317,500
-2%
Pine Plains
$225,000
$177,000
27%
$239,775
$175,000
37%
Stanford
$450,000
$322,250
40%
$335,000
$430,000
-22%
Washington
$630,000
$377,500
67%
$467,500
$550,000
-15%
Northeast Dutchess
$225,000
$282,500
-20%
$333,500
$397,500
-16%
Town/City Amenia
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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Northeast Dutchess
Q1-2013
Single-family homes
Market Report
Amenia, North East, Pine Plains, Stanford, Washington
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
66 21 12 5 17 16 18 34 189
6 2 1 0 1 0 3 1 14
11 11 12 Not Valid 17 Not Valid 6 34 14
62 20 15 9 11 7 21 33 178
3 3 1 1 0 0 1 2 11
21 7 15 9 Not Valid Not Valid 21 17 16
6.5% 5.0% -20.0% -44.4% 54.5% 128.6% -14.3% 3.0% 6.2%
100.0% -33.3% 0.0% -100.0% 0.0% 0.0% 200.0% -50.0% 27.3%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$206
$252
$244
$254
$207
$198
$204
$252
$221
$254
190
180
184
205
217
177
219
234
238
209
95.2
93.9
94.5
91.1
91.5
85.5
88.9
80.9
90.6
84.8
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Q1-2013
houlihanlawrence.com
Dutchess County Condominiums
Overview Units Sold Average Sale Price Median Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
Q1-2013
Q1-2012
% Change
Full Year 2012
Full Year 2011
% Change
51 $180,036 $153,000 $127 245 95.3
51 $168,738 $152,500 $129 220 93.5
0.0% 6.7% 0.3% -1.6% 11.4% 1.9%
334 $191,586 $175,500 $134 208 95.4
297 $199,877 $185,000 $134 209 95.5
12.5% -4.1% -5.1% 0.0% -0.5% -0.1%
Supply/Demand Snapshot
As of March 31, 2013
Price Range
As of March 31, 2012
2013 vs. 2012
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
272 91 13 2 1 0 0 0 379
73 14 4 0 0 0 0 0 91
4 7 3 Not Valid Not Valid 0 0 0 4
312 63 8 4 0 0 1 0 388
68 17 5 0 0 0 0 0 90
5 4 2 Not Valid 0 0 Not Valid 0 4
-12.8% 44.4% 62.5% -50.0% 0.0% 0.0% -100.0% 0.0% -2.3%
7.4% -17.6% -20.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.1%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$144
$167
$173
$175
$163
$152
$146
$135
$134
$127
120
116
132
143
172
162
162
209
208
245
98.1
98.2
97.0
97.2
96.1
95.2
95.1
95.5
95.4
95.3
Source: Mid-Hudson Multiple Listing Service, Residential-attached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Q1–2013
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