Houlihan Lawrence Q4-2012 Market Report

Houlihan Lawrence Q4–2012 Market Report

HoulihanLawrence.com

Presented by Chris Meyers Chief Operating Officer

Houlihan Lawrence

Q4–2012 houlihanlawrence.com

Q4-2012

Executive Summary

January, 2013

The local real estate market finished 2012 with a bang marked by the record-breaking sale of Devonshire in Bedford Corners, the first brokered property sale in Westchester to exceed $21 million. Closing on December 24th, this historic transaction punctuated the most active quarter in our market since 2006. As home sales increased sharply across most of the region in Q4, median sale prices increased by 3.8%.

Westchester enjoyed strong gains in Q4 and the highest number of Q4 home sales since 2006: single-family home sales increased to 1,041 in Q4-2012, a 30% gain from Q4-2011, while condo and coop sales were up 44% and 16% respectively in Q4-2012 compared to Q4-2011.

Continuing a trend prevalent since 2008, Southern Westchester outperformed the northern suburbs in sales growth. Single-family home sales in the Sound Shore region were up 53% in Q4, Lower Westchester was up 48%, and Greater White Plains was up 50%. Northern Westchester saw home sales increase by 26%, while Northwest Westchester was up 16%.

Looking further north to Putnam County, Q4 single-family home sales increased by 4%, while median sale price dropped by 5%, when compared to Q4-2011. In Dutchess County, homes sold increased by 19% in Q4-2012 and median sale price was up by 6%, compared to Q4-2011.

We've been reporting all year that prices were showing signs of a bottom, and sure enough the median price of a Westchester single-family home was up 3.8% to $545,000 in Q4 vs. Q4-2011.

The average single-family home sold for $797,012 up 14% from Q4-2011, fueled by the notable strength of the luxury home market. Perhaps spurred by the pending increase in capital gains tax rates, sales of homes priced at or above $2 million surged 84% from Q4-2011. The average price for luxury home sales was $3.8 million, up 19% from Q4-2011 .

Looking ahead to 2013, we continue to take our cue from the level of pending sales at year-end.

Last year, we pointed to the sharp increase in pending sales in lower price ranges as a harbinger of a better year than most were forecasting for 2012. Once again, the signs are encouraging, although a shrinking inventory of homes for sale – which ended the year at the lowest levels since 2005 - may be the only thing holding back the continued growth in sales. Pending sales are up across nearly all price levels in Westchester County, and up 21.2% for all single family homes.

Pendings are down in Putnam County by 5%, but soaring by 43% in Dutchess County.

This quarter was notable for gains across most of the region, and Houlihan Lawrence capped th 2012 with significant milestones, which are highlighted on the next page. 2013 marks our 125 Anniversary, and our legacy remains deeply rooted in local relationships and vast global connections. Our longevity is a result of always looking forward and innovating, working towards even greater success in the next 125 years.

Stephen Meyers President and CEO

Chris Meyers Chief Operating Officer

Q4–2012 houlihanlawrence.com

Houlihan Lawrence 2012 Highlights

2012 was banner year for Houlihan Lawrence. We participated in a record-breaking transaction, outperformed the market and dominated the rankings of the top offices and agents. Here are a few of the highlights: Sales Milestones  

Total home sales of $4 Billion, up 20% from 2011, nearly double the market sales volume increase of 11%.

Participated in the highest-price home sales in Westchester, Putnam, and Dutchess counties: •

Westchester: Represented both the Seller and the Buyer on Devonshire in Bedford Corners. Offering price: $26m

•

Putnam: Represented both the Seller and the Buyer on two homes that tied for highest sale. Selling price: $2.5m

•

Dutchess: Represented the Seller on the sale of 1305 Chestnut Ridge Road in Millbrook.

Selling price: $3.75m

Westchester County Market Share Highlights   



37% dollar volume market share, leading the market with more than three times our nearest competitor.

Number One office in unit sales (White Plains) and Number One office in dollar volume (Scarsdale).

Scarsdale, Rye and Bronxville were the Number One, Two and Three respectively, top producing offices in dollar volume. Larchmont, Irvington, Bedford and White Plains were among the top 10 producing offices, giving Houlihan Lawrence 7 out of the top 10 offices.

Participated in 73% of all home sales of $2m or more.

Putnam County Market Share Highlights  

33% market share by dollar volume of sales, more than three times our nearest competitor.

Yorktown, Brewster and Cold Spring offices were the Number One, Two and Three respectively top producing offices for Putnam County based on dollar volume.

Dutchess County Market Share Highlights  

18% market share by dollar volume of sales.

East Fishkill, LaGrange and Millbrook offices were among the top seven offices.

Agent Highlights Houlihan Lawrence agents dominated the rankings of top selling agents in our local Multiple Listing Service.   

Eight of the Top 10 agents by Total Sales Volume.

16 of the Top 25 agents by Total Sales Volume.

29 of the Top 50 agents by Total Sales Volume.

Sources: EAMLS & MHMLS

Q4-2012

houlihanlawrence.com

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

Q4-2012

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

Q4-2012

Q4-2011

% Change

Full Year 2012

Full Year 2011

% Change

1042 $796,411 $545,000 196 92.9

798 $698,289 $525,000 186 92.6

30.6% 14.1% 3.8% 5.4% 0.3%

4473 $800,708 $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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

890 498 390 245 142 78 51 74 64 2432

371 149 98 87 31 21 6 9 6 778

2 3 4 3 5 4 9 8 11 3

1112 569 449 236 175 66 58 56 56 2777

337 100 88 51 29 15 8 5 9 642

3 6 5 5 6 4 7 11 6 4

-20.0% -12.5% -13.1% 3.8% -18.9% 18.2% -12.1% 32.1% 14.3% -12.4%

10.1% 49.0% 11.4% 70.6% 6.9% 40.0% -25.0% 80.0% -33.3% 21.2%

$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

$736,021

$829,006

$881,789

$913,997

$936,242

$881,437

$763,469

$827,990

$288

$322

$345

$348

$350

$334

$297

$305

$292

$286

143

140

140

153

164

169

178

176

181

190

97.4

98.1

97.6

96.4

96.0

95.2

92.9

94.2

94.3

94.4

Source: Empire Access Multiple Listing Service, Single-family homes

$814,240 $800,708

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

NYC Gateway Single-family homes

Homes Sold Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Mount Vernon

21

18

17%

96

88

9%

New Rochelle

66

54

22%

262

240

9%

Pelham

13

14

-7%

115

88

31%

Yonkers

102

81

26%

403

337

20%

NYC Gateway

202

167

21%

876

753

16%

School District

Homes Sold up 16% 2012 vs.

2011 Median Price down 5% 2012 vs.

2011

Click on a School district to obtain the latest monthly market report.

New Rochelle

Mount Vernon

New Rochelle

Pelham

Yonkers

Median Sale Price Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Mount Vernon

$270,000

$332,500

-19%

$317,000

$350,000

-9%

New Rochelle

$520,000

$510,000

2%

$567,500

$582,500

-3%

Pelham

$685,000

$623,500

10%

$685,000

$803,750

-15%

Yonkers

$372,250

$425,000

-12%

$390,000

$415,000

-6%

NYC Gateway

$399,500

$455,000

-12%

$464,000

$490,000

-5%

School District

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Source: Empire Access Multiple Listing Service, Single-family homes, Zones 7 & 8

NYC Gateway

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

61 98 99 84 83 31 33 9 498

32 51 33 29 24 4 10 0 183

2 2 3 3 3 8 3 Not Valid 3

87 114 113 86 99 34 48 7 588

35 37 34 25 19 5 4 1 160

2 3 3 3 5 7 12 7 4

-29.9% -14.0% -12.4% -2.3% -16.2% -8.8% -31.3% 28.6% -15.3%

-8.6% 37.8% -2.9% 16.0% 26.3% -20.0% 150.0% -100.0% 14.4%

$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

$537,959

$601,033

$684,970

$658,763

$668,933

$619,854

$539,928

$572,784

$240

$270

$295

$292

$298

$283

$254

$253

$245

$239

143

138

140

151

160

165

180

178

180

197

97.9

97.9

98.0

96.7

96.4

95.6

94.1

94.5

94.3

94.4

Source: Empire Access Multiple Listing Service, Single-family homes, Zones 7 & 8

$574,874 $539,176

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Lower Westchester Single-family homes

Homes Sold Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Bronxville

10

1

900%

81

47

72%

Eastchester

16

19

-16%

79

82

-4%

Edgemont

16

10

60%

98

49

100%

Scarsdale

48

32

50%

226

205

10%

Tuckahoe

9

5

80%

36

27

33%

Lower Westchester

99

67

48%

520

410

27%

School District

Homes Sold up 27% 2012 vs.

2011 Median Price up 1% 2012 vs.

2011

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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Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

$2,335,000

$460,000

408%

$1,600,000

$1,860,000

-14%

Eastchester

$529,500

$600,000

-12%

$555,000

$593,500

-7%

Edgemont

$747,500

$972,000

-23%

$908,125

$925,000

-2%

Scarsdale

$1,315,000

$924,000

42%

$1,325,000

$1,225,000

8%

Tuckahoe

$700,000

$598,000

17%

$660,000

$610,000

8%

Lower Westchester

$995,000

$800,000

24%

$999,999

$995,000

1%

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 6

Lower Westchester

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

5 34 38 38 13 12 8 10 8 166

2 17 12 13 9 8 1 2 2 66

3 2 3 3 1 2 8 5 4 3

11 38 53 33 31 18 13 11 5 213

2 5 8 11 9 4 2 0 1 42

6 8 7 3 3 5 7 Not Valid 5 5

-54.5% -10.5% -28.3% 15.2% -58.1% -33.3% -38.5% -9.1% 60.0% -22.1%

0.0% 240.0% 50.0% 18.2% 0.0% 100.0% -50.0% 0.0% 100.0% 57.1%

$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

$1,103,219 $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 $376

$417

$447

$456

$455

$440

$387

$411

$398

$402

142

147

148

161

164

162

185

177

174

169

97.0

99.1

97.5

96.5

96.6

95.6

91.9

94.6

95.0

96.0

Source: Empire Access 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 Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Ardsley

20

14

43%

84

63

33%

Briarcliff Manor

12

10

20%

55

51

8%

Dobbs Ferry

10

6

67%

59

39

51%

Elmsford

14

15

-7%

37

30

23%

Hastings

18

17

6%

59

67

-12%

Irvington

12

9

33%

77

43

79%

Mount Pleasant

20

16

25%

86

71

21%

Ossining

48

34

41%

145

137

6%

Pleasantville

17

13

31%

71

47

51%

Pocantico Hills

2

1

100%

8

8

0%

Tarrytown

10

9

11%

52

38

37%

The Rivertowns

183

144

27%

733

594

23%

School District

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 23% 2012 vs.

2011 Median Price up 1% 2012 vs.

2011

Median Sale Price Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Ardsley

$510,000

$480,500

6%

$523,750

$517,000

1%

Briarcliff Manor

$826,450

$732,500

13%

$800,000

$683,010

17%

Dobbs Ferry

$544,950

$709,000

-23%

$629,000

$700,000

-10%

Elmsford

$337,500

$390,000

-14%

$405,000

$421,000

-4%

Hastings

$622,500

$655,000

-5%

$625,000

$660,000

-5%

Irvington

$725,000

$515,000

41%

$740,000

$810,000

-9%

Mount Pleasant

$521,000

$531,750

-2%

$490,000

$500,000

-2%

Ossining

$327,500

$379,500

-14%

$355,000

$385,000

-8%

Pleasantville

$560,000

$525,000

7%

$525,000

$495,000

6%

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Pocantico Hills

$783,250

$675,000

16%

$790,955

$657,500

20%

Tarrytown

$537,500

$640,000

-16%

$550,000

$606,625

-9%

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The Rivertowns

$522,000

$519,250

1%

$535,000

$530,000

1%

School District

The Rivertowns

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 3

The Rivertowns

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

43 48 57 48 69 26 54 17 362

17 15 22 19 15 11 34 4 137

3 3 3 3 5 2 2 4 3

46 52 76 62 82 39 51 17 425

10 20 25 7 14 9 7 4 96

5 3 3 9 6 4 7 4 4

-6.5% -7.7% -25.0% -22.6% -15.9% -33.3% 5.9% 0.0% -14.8%

70.0% -25.0% -12.0% 171.4% 7.1% 22.2% 385.7% 0.0% 42.7%

$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

$602,692

$716,948

$749,612

$737,385

$719,413

$727,417

$622,480

$630,618

$277

$314

$335

$329

$327

$313

$288

$281

$274

$265

141

139

138

146

158

175

173

175

184

196

98.2

98.3

98.0

96.5

96.6

95.6

94.7

94.7

95.1

95.3

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 3

$620,144 $608,216

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Greater White Plains

Single-family homes

Homes Sold Q4 Q4 2012 2011

School District

% Change

Full Year 2012

Full Year 2011

% Change

Greenburgh

27

17

59%

100

92

9%

Valhalla

14

7

100%

44

39

13%

White Plains

43

32

34%

177

155

14%

Greater White Plains

84

56

50%

321

286

12%

Homes Sold up 12% 2012 vs.

2011 Median Price up 3% 2012 vs.

2011

Click on a School district to obtain the latest monthly market report.

Greenburgh

Valhalla

White Plains

White Plains

Median Sale Price Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Greenburgh

$380,000

$425,000

-11%

$426,877

$446,250

-4%

Valhalla

$472,450

$380,000

24%

$452,500

$437,500

3%

White Plains

$605,000

$575,000

5%

$592,000

$550,000

8%

Greater White Plains

$498,500

$482,500

3%

$510,000

$495,000

3%

School District

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Source: Empire Access Multiple Listing Service, Single-family homes, Zone 4

Greater White Plains

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

12 32 34 25 23 10 8 1 145

8 18 11 10 17 3 4 0 71

2 2 3 3 1 3 2 Not Valid 2

16 41 48 29 40 12 16 0 202

5 13 15 6 6 1 2 0 48

3 3 3 5 7 12 8 0 4

-25.0% -22.0% -29.2% -13.8% -42.5% -16.7% -50.0% 0.0% -28.2%

60.0% 38.5% -26.7% 66.7% 183.3% 200.0% 100.0% 0.0% 47.9%

$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

$566,294

$613,760

$674,650

$675,274

$672,834

$658,832

$579,604

$578,480

$265

$294

$332

$328

$325

$308

$284

$272

$258

$252

125

120

118

132

142

163

169

166

173

193

98.4

99.5

98.9

97.3

97.1

95.9

93.9

95.4

95.1

95.0

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 4

$532,545 $563,760

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

The Sound Shore

Single-family homes

Homes Sold Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Blind Brook

12

17

-29%

61

55

11%

Harrison

33

26

27%

131

129

2%

Mamaroneck

45

20

125%

223

213

5%

Port Chester

19

11

73%

79

51

55%

Rye City

34

19

79%

153

132

16%

Rye Neck

13

9

44%

49

67

-27%

The Sound Shore

156

102

53%

696

647

8%

School District

Homes Sold up 8% 2012 vs.

2011 Median Price down 6% 2012 vs.

2011

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

Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

$754,250

$745,000

1%

$767,500

$779,000

-2%

$1,061,500

$1,040,000

2%

$949,000

$1,344,850

-29%

Mamaroneck

$900,826

$827,500

9%

$998,000

$996,999

0%

Port Chester

$512,000

$392,250

31%

$406,000

$425,000

-5%

$1,725,000

$2,025,000

-15%

$1,570,000

$1,514,000

4%

Rye Neck

$615,000

$755,000

-19%

$640,000

$799,000

-20%

The Sound Shore

$904,500

$865,000

5%

$894,500

$950,000

-6%

School District Blind Brook Harrison

Rye City Preview all our HD Videos of Westchester, Putnam and Dutchess

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Source: Empire Access Multiple Listing Service, Single-family homes, Zone 5

The Sound Shore

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

51 57 56 44 40 24 15 25 17 329

30 13 18 11 8 7 3 5 2 97

2 4 3 4 5 3 5 5 9 3

75 60 54 31 47 17 17 16 20 337

22 6 22 19 13 4 2 1 6 95

3 10 2 2 4 4 9 16 3 4

-32.0% -5.0% 3.7% 41.9% -14.9% 41.2% -11.8% 56.3% -15.0% -2.4%

36.4% 116.7% -18.2% -42.1% -38.5% 75.0% 50.0% 400.0% -66.7% 2.1%

$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

$1,020,410 $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 $364

$406

$433

$455

$453

$450

$395

$398

$402

$392

143

142

147

152

165

174

179

170

170

176

96.7

97.9

96.6

96.7

95.6

94.8

91.2

93.7

94.1

93.9

Source: Empire Access 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

Q4 Q4 2012 2011

% Change

Full Year 2012

Full Year 2011

% Change

Bedford

45

32

41%

205

185

11%

Byram Hills

35

18

94%

127

106

20%

Chappaqua

22

26

-15%

131

132

-1%

Katonah-Lewisboro

34

30

13%

181

141

28%

North Salem

14

3

367%

58

34

71%

Somers

27

31

-13%

114

95

20%

Northern Westchester

177

140

26%

816

693

18%

Homes Sold up 18% 2012 vs.

2011 Median Price down 8% 2012 vs.

2011

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

Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Bedford

$990,000

$807,500

23%

$705,000

$775,000

-9%

Byram Hills

$805,000

$847,500

-5%

$860,000

$1,063,750

-19%

Chappaqua

$757,500

$802,500

-6%

$850,000

$845,125

1%

Katonah-Lewisboro

$625,000

$542,500

15%

$629,000

$596,000

6%

North Salem

$454,319

$510,000

-11%

$454,319

$508,000

-11%

Somers

$357,000

$545,000

-35%

$464,000

$542,000

-14%

Northern Westchester

$717,500

$697,500

3%

$692,500

$753,500

-8%

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 2

Northern Westchester

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

109 102 124 93 50 27 23 36 33 597

31 18 23 18 10 3 1 2 2 108

4 6 5 5 5 9 23 18 17 6

145 102 143 85 57 25 20 22 27 626

44 20 26 11 4 4 3 3 2 117

3 5 6 8 14 6 7 7 14 5

-24.8% 0.0% -13.3% 9.4% -12.3% 8.0% 15.0% 63.6% 22.2% -4.6%

-29.5% -10.0% -11.5% 63.6% 150.0% -25.0% -66.7% -33.3% 0.0% -7.7%

$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

$925,678 $1,045,970 $1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065

$979,814

$939,854 $912,747

$305

$340

$373

$360

$368

$340

$289

$299

$274

$267

156

151

149

169

182

171

180

185

193

199

97.1

97.2

97.4

95.8

95.2

94.6

92.7

93.6

93.2

92.8

Source: Empire Access 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 Q4 Q4 2012 2011

School District

% Change

Full Year 2012

Full Year 2011

% Change

Croton-Harmon

19

15

27%

59

64

-8%

Hendrick Hudson

18

21

-14%

80

67

19%

Lakeland

45

41

10%

171

155

10%

Peekskill

20

13

54%

59

54

9%

Yorktown

37

30

23%

134

111

21%

Northwest Westchester

139

120

16%

503

451

12%

Homes Sold up 12% 2012 vs.

2011 Median Price down 3% 2012 vs.

2011

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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Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year % 2011 Change

Croton-Harmon

$410,000

$385,000

7%

$472,500

$528,250

-11%

Hendrick Hudson

$302,500

$300,000

1%

$349,000

$355,000

-2%

Lakeland

$340,000

$305,000

12%

$322,500

$325,000

-1%

Peekskill

$240,000

$180,000

33%

$240,000

$232,500

3%

Yorktown

$400,000

$396,250

1%

$386,500

$410,000

-6%

Northwest Westchester

$340,000

$326,250

4%

$342,500

$352,500

-3%

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 1

Northwest Westchester Single-family homes

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

101 75 62 25 35 18 14 2 332

47 36 16 3 8 2 1 0 113

2 2 4 8 4 9 14 Not Valid 3

114 102 67 32 31 20 12 1 379

41 26 8 4 3 1 0 0 83

3 4 8 8 10 20 Not Valid Not Valid 5

-11.4% -26.5% -7.5% -21.9% 12.9% -10.0% 16.7% 100.0% -12.4%

14.6% 38.5% 100.0% -25.0% 166.7% 100.0% 0.0% 0.0% 36.1%

$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

$429,536

$473,575

$518,962

$524,300

$511,158

$513,692

$419,037

$421,273

$211

$239

$259

$256

$248

$243

$215

$207

$195

$187

142

130

130

151

160

167

177

178

186

194

98.2

98.6

97.9

96.5

96.3

95.0

94.8

94.9

94.8

94.9

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 1

$395,090 $394,972

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Q4-2012

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

Q4-2012

Q4-2011

% Change

Full Year 2012

Full Year 2011

% Change

291 $370,921 $320,000 $259 181 95.1

202 $420,408 $338,000 $273 182 93.3

44.1% -11.8% -5.3% -5.1% -0.5% 1.9%

1006 $371,549 $330,000 $262 187 94.9

836 $411,994 $337,250 $277 180 94.2

20.3% -9.8% -2.1% -5.4% 3.9% 0.7%

Supply/Demand Snapshot

As of December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

203 136 65 35 48 20 21 3 531

77 36 14 12 14 2 1 0 156

3 4 5 3 3 10 21 Not Valid 3

273 178 76 50 50 25 23 10 685

56 39 16 13 9 8 3 0 144

5 5 5 4 6 3 8 Not Valid 5

-25.6% -23.6% -14.5% -30.0% -4.0% -20.0% -8.7% -70.0% -22.5%

37.5% -7.7% -12.5% -7.7% 55.6% -75.0% -66.7% 0.0% 8.3%

$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 Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

$334,814

$372,088

$420,845

$424,230

$434,912

$430,037

$397,114

$400,317

$242

$278

$312

$328

$330

$321

$291

$286

$277

$262

113

110

116

138

162

169

174

180

180

187

98.7

98.9

99.0

97.2

96.6

95.8

94.2

94.8

94.2

94.9

Source: Empire Access Multiple Listing Service, Condominiums

$411,994 $371,549

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Q4-2012

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

Q4-2012

Q4-2011

% Change

Full Year 2012

Full Year 2011

% Change

343 $172,601 $145,000 $168 225 94.1

295 $170,019 $146,000 $176 224 93.1

16.3% 1.5% -0.7% -4.5% 0.4% 1.1%

1257 $177,843 $148,000 $174 220 94.0

1160 $185,347 $160,000 $185 212 93.6

8.4% -4.0% -7.5% -5.9% 3.8% 0.4%

Supply/Demand Snapshot

As of December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

1211 50 20 13 12 4 1 0 1311

250 14 3 2 3 2 0 0 274

5 4 7 7 4 2 Not Valid 0 5

1299 60 25 4 13 1 0 0 1402

222 8 2 5 7 1 0 0 245

6 8 13 1 2 1 0 0 6

-6.8% -16.7% -20.0% 225.0% -7.7% 300.0% 0.0% 0.0% -6.5%

12.6% 75.0% 50.0% -60.0% -57.1% 100.0% 0.0% 0.0% 11.8%

$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 Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

$149,309

$170,763

$200,562

$207,205

$213,747

$205,727

$192,922

$195,024

$156

$180

$209

$218

$223

$219

$202

$197

$185

$174

154

142

143

153

170

173

203

207

212

220

97.8

98.4

98.3

96.6

96.0

95.3

93.9

93.8

93.6

94.0

Source: Empire Access Multiple Listing Service, Co-Operatives

$185,347 $177,843

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Putnam County

Single-family homes

Homes Sold Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Brewster

28

21

33%

130

86

51%

Carmel

46

48

-4%

181

162

12%

Garrison

0

5

-100%

13

27

-52%

Haldane

19

8

138%

46

35

31%

Lakeland

5

4

25%

23

27

-15%

Mahopac

52

49

6%

167

135

24%

Putnam Valley

17

26

-35%

63

96

-34%

Putnam County

167

161

4%

623

568

10%

School District

Homes Sold up 10% 2012 vs.

2011 Median Price down 8% 2012 vs.

2011

Click on a School district to obtain the latest monthly market report.

Brewster Garrison Lakeland Putnam Valley

Carmel Haldane Mahopac

Median Sale Price Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Brewster

$279,750

$323,500

-14%

$274,250

$310,000

-12%

Carmel

$240,000

$272,500

-12%

$245,000

$259,500

-6%

Garrison

$0

$490,000

0.0%

$597,500

$557,500

7%

Haldane

$414,000

$439,500

-6%

$405,000

$459,000

-12%

Lakeland

$315,875

$411,250

-23%

$315,875

$350,000

-10%

Mahopac

$322,450

$335,000

-4%

$335,000

$347,500

-4%

Preview all our HD Videos of Westchester, Putnam and Dutchess

Putnam Valley

$324,000

$272,500

19%

$297,500

$317,500

-6%

houlihanlawrence.com/hltv

Putnam County

$300,000

$315,000

-5%

$299,000

$324,950

-8%

School District Brewster-Mahopac

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 9

Putnam County

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

273 128 86 48 51 23 21 13 643

61 15 11 9 9 1 2 0 108

4 9 8 5 6 23 11 Not Valid 6

264 127 77 51 76 21 29 13 658

68 22 13 3 5 0 3 0 114

4 6 6 17 15 Not Valid 10 Not Valid 6

3.4% 0.8% 11.7% -5.9% -32.9% 9.5% -27.6% 0.0% -2.3%

-10.3% -31.8% -15.4% 200.0% 80.0% 0.0% -33.3% 0.0% -5.3%

$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 Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

$390,666

$422,637

$466,576

$466,930

$463,756

$438,500

$373,616

$356,730

$196

$222

$242

$244

$232

$214

$190

$176

$178

$169

163

151

153

157

178

180

192

206

211

211

97.2

97.3

97.1

96.3

95.6

94.5

92.7

94.3

93.7

94.0

Source: Empire Access Multiple Listing Service, Single-family homes, Zone 9

$372,783 $351,297

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Q4-2012

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

Q4-2012

Q4-2011

% Change

Full Year 2012

Full Year 2011

% Change

20 $236,807 $236,000 $155 278 93.9

28 $262,569 $222,500 $168 175 94.4

-28.6% -9.8% 6.1% -7.7% 58.9% -0.5%

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

64 7 0 11 1 0 0 1 84

14 2 2 3 0 0 0 0 21

5 4 0 4 Not Valid 0 0 Not Valid 4

71 10 7 4 0 0 0 1 93

14 3 2 4 0 0 0 0 23

5 3 4 1 0 0 0 Not Valid 4

-9.9% -30.0% -100.0% 175.0% 0.0% 0.0% 0.0% 0.0% -9.7%

0.0% -33.3% 0.0% -25.0% 0.0% 0.0% 0.0% 0.0% -8.7%

$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

$223,152

$241,434

$262,122

$277,229

$290,809

$296,499

$248,638

$248,143

$162

$184

$211

$223

$217

$211

$188

$174

$169

$155

122

104

115

130

152

169

179

190

186

252

97.9

98.1

98.3

97.2

96.6

96.2

95.4

94.8

95.0

94.7

Source: Empire Access Multiple Listing Service, Condominiums

$266,995 $231,039

Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price

Q4-2012

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

Q4-2012

Q4-2011

% Change

Full Year 2012

Full Year 2011

% Change

446 $312,746 $250,000 191 93.4

375 $265,475 $235,000 182 93.4

18.9% 17.8% 6.4% 4.9% 0.0%

1604 $291,442 $242,000 190 93.6

1494 $311,943 $246,000 187 92.0

7.4% -6.6% -1.6% 1.6% 1.7%

Supply/Demand Snapshot

As of December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

849 291 119 96 94 45 56 53 1603

256 56 19 10 12 4 3 2 362

3 5 6 10 8 11 19 27 4

970 338 176 102 97 51 61 63 1858

169 40 17 6 17 2 2 0 253

6 8 10 17 6 26 31 Not Valid 7

-12.5% -13.9% -32.4% -5.9% -3.1% -11.8% -8.2% -15.9% -13.7%

51.5% 40.0% 11.8% 66.7% -29.4% 100.0% 50.0% 0.0% 43.1%

$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

$122

$140

$154

$156

$150

$137

$121

$120

$113

$109

146

147

137

151

155

160

164

172

187

190

97.2

97.3

97.3

96.2

95.2

94.6

93.7

94.0

92.0

93.6

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

Q4 Q4 2012 2011

% Change

Full Year 2012

Full Year 2011

% Change

Beacon

21

11

91%

73

63

16%

East Fishkill

58

42

38%

188

189

-1%

Fishkill

20

25

-20%

96

72

33%

La Grange

26

20

30%

110

115

-4%

Poughkeepsie

77

61

26%

275

256

7%

City of Poughkeepsie

21

23

-9%

68

90

-24%

Wappinger

41

38

8%

127

143

-11%

Southwest Dutchess

264

220

20%

937

928

1%

Homes Sold up 1% 2012 vs.

2011 Average Price down 8% 2012 vs.

2011

Click to obtain a specific town/city monthly market report.

Beacon Fishkill Poughkeepsie Wappinger

East Fishkill La Grange City of Poughkeepsie

Average Sale Price Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Beacon

$215,000

$200,000

8%

$207,446

$224,500

-8%

East Fishkill

$317,450

$328,750

-3%

$339,717

$340,000

0%

Fishkill

$229,250

$240,000

-5%

$239,211

$249,000

-4%

La Grange

$274,500

$242,500

13%

$263,500

$256,000

3%

Poughkeepsie

$195,000

$215,000

-9%

$205,000

$215,000

-5%

City of Poughkeepsie

$142,000

$168,000

-16%

$166,000

$166,000

0%

Wappinger

$267,000

$242,000

10%

$249,000

$255,000

-2%

Southwest Dutchess

$215,000

$200,000

8%

$207,446

$224,500

-8%

Town/City Poughkeepsie Area

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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Southwest Dutchess

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

477 132 59 56 27 10 5 0 766

161 36 16 7 7 1 0 0 228

3 4 4 8 4 10 Not Valid 0 3

549 174 87 57 41 11 8 4 931

112 22 11 5 11 1 0 0 162

5 8 8 11 4 11 Not Valid Not Valid 6

-13.1% -24.1% -32.2% -1.8% -34.1% -9.1% -37.5% -100.0% -17.7%

43.8% 63.6% 45.5% 40.0% -36.4% 0.0% 0.0% 0.0% 40.7%

$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

$119

$134

$149

$150

$142

$133

$121

$113

$105

$101

137

137

128

145

148

154

159

165

183

178

97.7

98.1

98.4

97.7

96.4

95.5

95.5

95.4

95.3

95.3

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 Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Beekman

22

21

5%

83

63

32%

Dover

8

9

-11%

31

47

-34%

Pawling

15

4

275%

42

31

36%

Union Vale

9

4

125%

24

16

50%

Southeast Dutchess

54

38

42%

180

157

15%

Town/City

Homes Sold up 15% 2012 vs.

2011 Average Price Unchanged 2012 vs.

2011

Click to obtain a specific town/city monthly market report.

Dutchess County

Beekman

Dover

Pawling

Union Vale

Average Sale Price Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Beekman

$332,500

$267,000

25%

$307,750

$355,000

-13%

Dover

$192,500

$155,000

24%

$174,000

$160,000

9%

Pawling

$329,000

$325,875

1%

$319,000

$280,000

14%

Union Vale

$380,000

$372,500

2%

$296,500

$335,500

-12%

Southeast Dutchess

$316,250

$270,000

17%

$284,750

$284,675

0%

Town/City

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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Southeast Dutchess

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

103 43 20 13 18 8 12 5 222

28 8 1 2 3 0 0 1 43

4 5 20 7 6 Not Valid Not Valid 5 5

104 58 24 16 25 13 12 9 261

24 5 2 1 2 0 0 0 34

4 12 12 16 13 Not Valid Not Valid Not Valid 8

-1.0% -25.9% -16.7% -18.8% -28.0% -38.5% 0.0% -44.4% -14.9%

16.7% 60.0% -50.0% 100.0% 50.0% 0.0% 0.0% 0.0% 26.5%

$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

$135

$158

$163

$167

$164

$150

$131

$135

$112

$108

158

164

145

154

170

157

180

189

219

215

97.7

97.1

97.4

96.6

95.4

94.3

93.0

94.2

93.7

96.0

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

Q4 Q4 2012 2011

% Change

Full Year 2012

Full Year 2011

% Change

Clinton

7

10

-30%

36

40

-10%

Hyde Park

30

28

7%

133

97

37%

Milan

9

1

800%

13

12

8%

Pleasant Valley

12

18

-33%

57

51

12%

Red Hook

13

17

-24%

63

51

24%

Rhinebeck

16

16

0%

70

53

32%

Northwest Dutchess

87

90

-3%

372

304

22%

Homes Sold up 22% 2012 vs.

2011 Average Price down 2% 2012 vs.

2011

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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Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Clinton

$305,000

$355,250

-14%

$320,650

$355,250

-10%

Hyde Park

$177,250

$170,000

4%

$175,500

$179,000

-2%

Milan

$290,000

$250,000

16%

$330,000

$350,000

-6%

Pleasant Valley

$257,500

$216,000

19%

$255,000

$250,000

2%

Red Hook

$300,000

$249,000

21%

$285,500

$260,000

10%

Rhinebeck

$338,500

$271,000

25%

$322,500

$295,000

9%

Northwest Dutchess

$255,000

$225,000

13%

$240,000

$244,500

-2%

Town/City

Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Northwest Dutchess

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

181 84 28 20 32 14 15 7 381

56 9 1 1 2 0 2 0 71

3 9 28 20 16 Not Valid 8 Not Valid 5

233 75 44 20 21 17 20 13 443

22 8 2 0 4 1 2 0 39

11 9 22 Not Valid 5 17 10 Not Valid 11

-22.3% 12.0% -36.4% 0.0% 52.4% -17.6% -25.0% -46.2% -14.0%

154.5% 12.5% -50.0% 0.0% -50.0% -100.0% 0.0% 0.0% 82.1%

$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

$121

$142

$153

$160

$150

$136

$117

$124

$121

$114

158

157

141

155

159

172

166

167

175

199

97.1

97.0

96.4

93.6

93.8

93.5

93.1

92.8

92.9

90.9

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 Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Amenia

6

7

-14%

16

16

0%

North East

5

1

400%

6

4

50%

Pine Plains

1

2

-50%

8

7

14%

Stanford

13

4

225%

33

22

50%

Washington

4

3

33%

18

23

-22%

Northeast Dutchess

29

17

71%

81

72

13%

Town/City

Homes Sold up 13% 2012 vs.

2011 Average Price down 16% 2012 vs.

2011

Click to obtain a specific town/city monthly market report.

Amenia

North East

Pine Plains

Stanford

Washington

Average Sale Price Dutchess County Town/City

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Q4 2012

Q4 2011

% Change

Full Year 2012

Full Year 2011

% Change

Amenia

$391,850

$430,000

-9%

$222,500

$346,000

-36%

North East

$325,000

$1,092,500

-70%

$312,750

$317,500

-2%

Pine Plains

$177,550

$170,000

4%

$239,775

$175,000

37%

Stanford

$302,500

$460,500

-34%

$335,000

$430,000

-22%

Washington

$612,500

$280,000

119%

$467,500

$550,000

-15%

Northeast Dutchess

$325,000

$420,000

-23%

$333,500

$397,500

-16%

Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Northeast Dutchess

Q4-2012

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 December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

64 22 11 7 14 13 24 40 195

9 3 0 0 0 3 1 1 17

7 7 Not Valid Not Valid Not Valid 4 24 40 11

64 21 18 9 7 10 20 37 186

7 4 2 0 0 0 0 0 13

9 5 9 Not Valid Not Valid Not Valid Not Valid Not Valid 14

0.0% 4.8% -38.9% -22.2% 100.0% 30.0% 20.0% 8.1% 4.8%

28.6% -25.0% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 30.8%

$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

$169

$178

$227

$221

$230

$180

$176

$181

$213

$202

171

190

180

184

205

217

177

219

234

238

93.6

95.2

93.9

94.5

91.1

91.5

85.5

88.9

80.9

90.6

Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.

Average Price Per Square Foot Days on Market % Sale Price to List Price

Q4-2012

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

Q4-2012

Q4-2011

% Change

Full Year 2012

Full Year 2011

% Change

85 $203,926 $203,000 $134 185 95.3

86 $217,186 $192,500 $129 226 96.4

-1.2% -6.1% 5.5% 3.9% -18.1% -1.1%

334 $191,586 $175,500 $128 208 95.4

297 $199,877 $185,000 $125 209 95.5

12.5% -4.1% -5.1% 2.4% -0.5% -0.1%

Supply/Demand Snapshot

As of December 31, 2012

Price Range

As of December 31, 2011

2012 vs. 2011

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

261 57 10 1 1 0 0 0 330

62 10 5 0 0 0 0 0 77

4 6 2 Not Valid Not Valid 0 0 0 4

320 55 14 5 0 0 0 0 394

49 21 6 0 0 0 0 0 76

7 3 2 Not Valid 0 0 0 0 5

-18.4% 3.6% -28.6% -80.0% 0.0% 0.0% 0.0% 0.0% -16.2%

26.5% -52.4% -16.7% 0.0% 0.0% 0.0% 0.0% 0.0% 1.3%

$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

$118

$138

$159

$162

$165

$153

$141

$137

$125

$128

125

120

116

132

143

172

162

162

209

208

98.6

98.1

98.2

97.0

97.2

96.1

95.2

95.1

95.5

95.4

Source: Mid-Hudson Multiple Listing Service, Residential-attached homes.

Average Price Per Square Foot Days on Market % Sale Price to List Price

Q4–2012 houlihanlawrence.com

Highest Recorded Residential Sale in Westchester County DEVONSHIRE Bedford Corners Offered at $26,500,000 Houlihan Lawrence is pleased to have represented both the seller and buyer of this magnificent Gilded Age 100-acre estate, which closed in late December for over $21 Million. This sale represents the highest single residential sale ever reported in Westchester County and the highest sale in Houlihan Lawrence’s 125-history.

To find out more about our exceptional marketing programs for estate properties, call our Luxury Country Properties Division at 914.234.0308.

1.888.454.7356 houlihanlawrence.com