Houlihan lawrence Q1 2014 Market Report

Page 1

1st Quarter 2014 Market Report


HoulihanLawrence.com

Presented by Chris Meyers Managing Principal Houlihan Lawrence


Q1-2014

houlihanlawrence.com

1st Quarter 2014

EXECUTIVE SUMMARY

April 2014

Mother Nature proved a worthy adversary for the real estate markets north of New York City, as frigid temperatures and winter storms tested the patience of both buyers and sellers in the region. Nonetheless, Westchester, Putnam and Dutchess counties were able to open 2014 with the strongest first quarter for closed sales across the region since the pre-recession glory days of 2007. Leading the way in single-family home sales was Westchester County, showing a striking 19% increase in closings over the first quarter of 2013, and a notable 16.5% increase in median sale price. Putnam County saw an 11% rise in median sale price and the volume of sales increased by 9%, while Dutchess County lagged behind with a nearly 12% decrease in homes sold compared to the first quarter of last year. To a large extent, the strong pace of Q1-2014 closings reflects deals that were originally put together late in 2013. Meanwhile, the snowy conditions delayed the traditional February start to the spring market. Fewer sellers listed their homes for sale in February, creating an inventory crunch that kept buyers on the sidelines waiting for more options. This scenario is most obvious in Westchester County, where we ended February with fewer than 2,600 single-family homes for sale, representing the lowest inventory level at that date since 2005, and a 10% decrease from 2013. As a result of these delays, pending sales as of the end of the quarter were down over 11% in Westchester County compared to Q1-2013. Similarly, Dutchess County saw a 7% decrease in pending sales, while Putnam County only experienced a 3.1% decrease in this time period. Sellers who did test the market during this period found their properties selling at higher prices -- and in much less time -- as is evident in the 16.4% decrease in average days on market. A surge in activity in late March is helping to make up for lost time. We experienced strong growth in both new listings and new sales contracts into the close of the quarter. By the end of March, inventory levels were down just 2%, signaling the rise of a busy late spring. Overall, we expect the year-over-year rate of sales growth to slow in Q2, and indeed throughout the remainder of 2014. With most of the market area having returned to healthy sales levels by 2013, the favorable comparisons we saw as the market emerged from the down turn are now behind us. For those interested in the nearby Connecticut market, Houlihan Lawrence also distributes the Greenwich Q1-2014 Market Report. With similar gains in median sale price combined with shorter time-on-market for our listings, we are looking forward to even more growth as the leaves get greener on both sides of the New York/Connecticut border. Sincerely, Stephen Meyers President and CEO

Chris Meyers Managing Principal


Q1-2014

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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


Q1-2014

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Westchester County Single-family Homes

Overview Homes Sold Average Sale Price Median Sale Price Average Days on Market % Sale Price to List Price

Q1-2014

Q1-2013

% Change

Full Year 2013

Full Year 2012

% Change

927 $848,407 $600,000 183 95.7

777 $710,600 $515,000 219 94.8

19.3% 19.4% 16.5% -16.4% 0.9%

5443 $811,226 $610,000 178 96.0

4478 $800,088 $585,599 190 94.4

21.5% 1.4% 4.2% -6.3% 1.7%

Supply/Demand Snapshot

As of March 31, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

920 564 513 377 241 122 92 75 113 3017

391 218 177 149 76 40 29 9 13 1102

2 3 3 3 3 3 3 8 9 3

991 661 502 359 211 113 85 78 73 3073

473 238 215 159 68 46 20 15 13 1247

2 3 2 2 3 2 4 5 6 2

-7.2% -14.7% 2.2% 5.0% 14.2% 8.0% 8.2% -3.8% 54.8% -1.8%

-17.3% -8.4% -17.7% -6.3% 11.8% -13.0% 45.0% -40.0% 0.0% -11.6%

$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

$881,726

$914,144

$935,515

$881,108

$763,462

$827,687

$814,126

$800,088

$345

$348

$350

$334

$297

$305

$292

$286

$297

$300

140

153

163

169

178

176

181

190

178

183

97.6

96.4

96.0

95.2

92.9

94.2

94.3

94.4

96.0

95.7

Source: Hudson Gateway Multiple Listing Service, Single-family homes

$811,226 $848,407

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


NYC Gateway Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Mount Vernon

21

21

0%

101

96

5%

New Rochelle

52

53

-2%

340

262

30%

Pelham

20

15

33%

144

115

25%

Yonkers

95

81

17%

464

404

15%

NYC Gateway

188

170

11%

1049

877

20%

School District

Homes Sold up 11% Q1- 2014 vs. Q1- 2013 Median Price up 8% Q1- 2014 vs. Q1- 2013

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

New Rochelle

Mount Vernon

New Rochelle

Pelham

Yonkers

Median Sale Price Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Mount Vernon

$390,000

$370,000

5%

$370,000

$317,000

17%

New Rochelle

$674,500

$525,000

29%

$580,000

$567,500

2%

Pelham

$858,750

$656,250

31%

$750,000

$685,000

10%

Yonkers

$430,000

$415,000

4%

$420,250

$390,000

8%

NYC Gateway

$478,250

$445,000

8%

$495,000

$465,000

7%

School District

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Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8


NYC Gateway

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

72 113 111 80 96 43 88 10 613

33 51 36 28 32 16 22 1 219

2 2 3 3 3 3 4 10 3

60 114 115 100 103 43 58 12 605

47 49 39 34 41 19 17 1 247

1 2 3 3 3 2 3 12 2

20.0% -0.9% -3.5% -20.0% -6.8% 0.0% 51.7% -16.7% 1.3%

-29.8% 4.1% -7.7% -17.6% -22.0% -15.8% 29.4% 0.0% -11.3%

$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

$684,970

$658,763

$668,933

$619,854

$539,928

$572,784

$574,874

$539,314

$295

$292

$298

$283

$254

$253

$245

$239

$253

$251

140

151

160

165

180

178

180

197

182

168

98.0

96.7

96.4

95.6

94.1

94.5

94.3

94.4

95.8

95.6

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8

$567,284 $589,102

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Lower Westchester Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Bronxville

12

12

0%

83

81

3%

Eastchester

22

13

69%

120

79

52%

Edgemont

16

14

14%

92

98

-6%

Scarsdale

42

24

75%

237

226

5%

Tuckahoe

10

6

67%

43

36

19%

Lower Westchester

102

69

48%

575

520

11%

School District

Homes Sold up 48% Q1- 2014 vs. Q1- 2013 Median Price up 16% Q1- 2014 vs. Q1- 2013

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 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

$2,220,000

$1,462,500

52%

$1,655,000

$1,600,000

3%

Eastchester

$617,500

$485,000

27%

$587,500

$555,000

6%

Edgemont

$892,500

$812,500

10%

$968,750

$908,125

7%

Scarsdale

$1,500,005

$1,210,000

24%

$1,297,500

$1,325,000

-2%

Tuckahoe

$708,000

$925,000

-24%

$695,000

$660,000

5%

$1,130,500

$975,000

16%

$998,000

$999,999

0%

Lower Westchester

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6


Lower Westchester

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

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 27 37 42 42 20 21 16 25 235

8 18 33 36 20 15 10 6 2 148

1 2 1 1 2 1 2 3 13 2

3 39 45 46 25 23 21 15 14 231

8 29 36 41 15 19 5 4 4 161

0 1 1 1 2 1 4 4 4 1

66.7% -30.8% -17.8% -8.7% 68.0% -13.0% 0.0% 6.7% 78.6% 1.7%

0.0% -37.9% -8.3% -12.2% 33.3% -21.1% 100.0% 50.0% -50.0% -8.1%

$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

$1,330,846 $1,351,736 $1,393,748 $1,297,435 $1,212,153 $1,302,610 $1,282,116 $1,312,425 $1,263,156 $1,328,804 $447

$456

$455

$440

$387

$411

$398

$402

$413

$426

148

161

164

162

185

177

174

169

168

183

97.5

96.5

96.6

95.6

91.9

94.6

95.0

96.0

96.3

97.1

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


The Rivertowns

Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Ardsley

18

15

20%

107

84

27%

Briarcliff Manor

3

12

-75%

81

55

47%

Dobbs Ferry

13

12

8%

61

59

3%

Elmsford

11

12

-8%

46

37

24%

Hastings

13

15

-13%

86

59

46%

Irvington

15

9

67%

75

77

-3%

Mount Pleasant

8

8

0%

82

86

-5%

Ossining

28

21

33%

159

145

10%

Pleasantville

12

5

140%

74

71

4%

Pocantico Hills

3

1

200%

8

8

0%

Tarrytown

19

9

111%

65

52

25%

The Rivertowns

143

119

20%

844

733

15%

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 20% Q1- 2014 vs. Q1- 2013 Median Price up 8% Q1- 2014 vs. Q1- 2013

Median Sale Price Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Ardsley

$710,000

$515,000

38%

$611,700

$523,750

17%

Briarcliff Manor

$865,000

$633,750

37%

$765,000

$800,000

-4%

Dobbs Ferry

$830,000

$745,000

11%

$650,000

$629,000

3%

Elmsford

$377,000

$357,500

6%

$409,000

$405,000

1%

Hastings

$577,500

$600,000

-4%

$660,000

$625,000

6%

Irvington

$900,000

$965,000

-7%

$949,000

$740,000

28%

Mount Pleasant

$592,500

$510,000

16%

$513,500

$490,000

5%

Ossining

$384,450

$445,000

-14%

$376,000

$355,000

6%

Pleasantville

$608,500

$506,250

20%

$572,500

$525,000

9%

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Pocantico Hills

$600,000

$1,100,000

-46%

$635,750

$790,955

-20%

Tarrytown

$545,750

$485,000

13%

$564,000

$550,000

3%

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The Rivertowns

$565,000

$522,000

8%

$568,750

$535,000

6%

School District

The Rivertowns

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3


The Rivertowns

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

29 48 63 79 75 38 75 24 431

22 18 22 25 37 11 33 5 173

1 3 3 3 2 3 2 5 2

43 58 52 71 80 25 73 21 423

26 20 32 21 35 18 48 3 203

2 3 2 3 2 1 2 7 2

-32.6% -17.2% 21.2% 11.3% -6.3% 52.0% 2.7% 14.3% 1.9%

-15.4% -10.0% -31.3% 19.0% 5.7% -38.9% -31.3% 66.7% -14.8%

$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

$749,336

$739,862

$719,413

$727,417

$622,480

$630,618

$620,144

$608,046

$335

$329

$327

$313

$288

$281

$274

$264

$285

$277

138

146

158

175

173

175

184

196

179

187

98.0

96.5

96.6

95.6

94.7

94.7

95.1

95.3

97.5

97.8

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3

$664,832 $641,707

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Greater White Plains

Single-family homes

Homes Sold Q1 Q1 2014 2013

School District

% Change

Full Year 2013

Full Year 2012

% Change

Greenburgh

26

17

53%

134

100

34%

Valhalla

8

21

-62%

89

44

102%

White Plains

44

35

26%

227

177

28%

Greater White Plains

78

73

7%

450

321

40%

Homes Sold up 7% Q1- 2014 vs. Q1- 2013 Median Price up 9% Q1- 2014 vs. Q1- 2013

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

Greenburgh

Valhalla

White Plains

White Plains

Median Sale Price Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Greenburgh

$500,000

$375,000

33%

$433,000

$426,877

1%

Valhalla

$427,000

$534,000

-20%

$527,500

$452,500

17%

White Plains

$578,950

$574,000

1%

$565,000

$592,000

-5%

Greater White Plains

$542,500

$500,000

9%

$521,500

$510,000

2%

School District

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Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4


Greater White Plains

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

7 14 37 39 36 21 20 0 174

10 12 17 12 11 4 5 0 71

1 1 2 3 3 5 4 0 2

11 30 34 46 23 9 14 1 168

11 16 22 19 14 8 4 0 94

1 2 2 2 2 1 4 Not Valid 2

-36.4% -53.3% 8.8% -15.2% 56.5% 133.3% 42.9% -100.0% 3.6%

-9.1% -25.0% -22.7% -36.8% -21.4% -50.0% 25.0% 0.0% -24.5%

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

$674,650

$675,274

$672,834

$658,832

$579,604

$578,480

$532,545

$563,760

$332

$328

$325

$308

$284

$272

$258

$252

$264

$266

118

132

142

163

169

166

173

193

175

157

98.9

97.3

97.1

95.9

93.9

95.4

95.1

95.0

96.8

96.8

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4

$555,397 $574,835

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


The Sound Shore

Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Blind Brook

13

8

63%

101

61

66%

Harrison

25

19

32%

153

131

17%

Mamaroneck

45

27

67%

272

223

22%

Port Chester

18

15

20%

104

80

30%

Rye City

28

17

65%

174

153

14%

Rye Neck

7

6

17%

63

49

29%

136

92

48%

867

697

24%

School District

The Sound Shore

Homes Sold up 48% Q1- 2014 vs. Q1- 2013 Median Price up 36% Q1- 2014 vs. Q1- 2013

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 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

$615,000

$636,250

-3%

$762,500

$767,500

-1%

Harrison

$1,200,000

$880,000

36%

$1,185,000

$949,000

25%

Mamaroneck

$1,195,000

$1,072,500

11%

$995,000

$998,000

0%

Port Chester

$456,250

$382,000

19%

$400,000

$405,500

-1%

$1,835,000

$1,075,000

71%

$1,487,000

$1,570,000

-5%

$800,000

$550,000

46%

$832,500

$640,000

30%

$1,049,500

$770,000

36%

$939,000

$890,000

6%

School District Blind Brook

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Rye Neck The Sound Shore

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5


The Sound Shore

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

54 44 65 64 48 44 28 29 38 414

20 27 32 30 28 11 14 2 5 169

3 2 2 2 2 4 2 15 8 2

65 75 81 73 51 38 23 25 19 450

30 25 43 27 28 17 8 7 5 190

2 3 2 3 2 2 3 4 4 2

-16.9% -41.3% -19.8% -12.3% -5.9% 15.8% 21.7% 16.0% 100.0% -8.0%

-33.3% 8.0% -25.6% 11.1% 0.0% -35.3% 75.0% -71.4% 0.0% -11.1%

$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

$1,237,111 $1,316,380 $1,356,202 $1,344,403 $1,149,544 $1,215,667 $1,262,051 $1,225,038 $1,272,183 $1,421,479 $433

$455

$453

$450

$395

$398

$402

$392

$407

$431

147

152

165

174

179

170

170

176

165

190

96.6

96.7

95.6

94.8

91.2

93.7

94.1

93.9

96.1

95.8

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Northern Westchester

Single-family homes

Homes Sold School District

Q1 Q1 2014 2013

% Change

Full Year 2013

Full Year 2012

% Change

Bedford

47

23

104%

213

205

4%

Byram Hills

29

21

38%

153

127

21%

Chappaqua

21

27

-22%

218

131

66%

Katonah-Lewisboro

39

28

39%

190

181

5%

North Salem

10

10

0%

60

58

3%

Somers

24

22

9%

146

114

28%

Northern Westchester

170

131

30%

980

816

20%

Homes Sold up 30% Q1- 2014 vs. Q1- 2013 Median Price down 11% Q1- 2014 vs. Q1- 2013

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

School District Bedford

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Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year % 2012 Change

$730,000

$979,000

-25%

$740,000

$705,000

5%

Byram Hills

$1,100,000

$987,500

11%

$999,000

$860,000

16%

Chappaqua

$960,000

$950,000

1%

$892,000

$850,000

5%

Katonah-Lewisboro

$578,000

$620,000

-7%

$644,750

$629,000

3%

North Salem

$468,550

$457,500

2%

$490,000

$454,319

8%

Somers

$486,000

$466,750

4%

$497,500

$464,000

7%

Northern Westchester

$638,000

$715,000

-11%

$739,000

$692,500

7%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2


Northern Westchester

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

107 123 159 137 89 42 36 24 42 759

31 43 43 35 12 9 5 1 5 184

3 3 4 4 7 5 7 24 8 4

130 141 172 140 71 35 32 34 33 788

58 36 56 35 12 8 5 4 4 218

2 4 3 4 6 4 6 9 8 4

-17.7% -12.8% -7.6% -2.1% 25.4% 20.0% 12.5% -29.4% 27.3% -3.7%

-46.6% 19.4% -23.2% 0.0% 0.0% 12.5% 0.0% -75.0% 25.0% -15.6%

$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

$1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065

$979,814

$939,854

$912,747

$929,868 $982,251

$373

$360

$368

$340

$289

$299

$274

$267

$278

$280

149

169

182

171

180

185

193

199

189

201

97.4

95.8

95.2

94.6

92.7

93.6

93.2

92.8

94.7

93.0

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Northwest Westchester Single-family homes

Homes Sold Q1 Q1 2014 2013

School District

% Change

Full Year 2013

Full Year 2012

% Change

Croton-Harmon

8

15

-47%

75

59

27%

Hendrick Hudson

24

19

26%

89

80

11%

Lakeland

35

35

0%

211

171

23%

Peekskill

13

17

-24%

75

60

25%

Yorktown

26

35

-26%

217

134

62%

Northwest Westchester

106

121

-12%

667

504

32%

Homes Sold down 12% Q1- 2014 vs. Q1- 2013 Median Price Unchanged Q1- 2014 vs. Q1- 2013

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 2014

Q1 2013

% Change

Full Year 2013

Full Year % 2012 Change

Croton-Harmon

$504,500

$410,000

23%

$470,000

$472,500

-1%

Hendrick Hudson

$445,000

$315,000

41%

$397,500

$349,000

14%

Lakeland

$290,000

$315,000

-8%

$320,000

$322,500

-1%

Peekskill

$299,000

$230,500

30%

$230,500

$240,000

-4%

Yorktown

$397,250

$412,500

-4%

$413,000

$386,500

7%

Northwest Westchester

$338,500

$340,000

0%

$369,000

$342,250

8%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1


Northwest Westchester Single-family homes

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

87 100 70 35 53 26 13 3 387

48 39 20 11 9 3 4 0 134

2 3 4 3 6 9 3 Not Valid 3

108 95 67 49 43 17 19 3 401

54 42 17 8 8 3 0 0 132

2 2 4 6 5 6 Not Valid Not Valid 3

-19.4% 5.3% 4.5% -28.6% 23.3% 52.9% -31.6% 0.0% -3.5%

-11.1% -7.1% 17.6% 37.5% 12.5% 0.0% 0.0% 0.0% 1.5%

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

$518,962

$524,300

$511,158

$513,692

$419,037

$421,273

$395,090

$394,377

$259

$256

$248

$243

$215

$207

$195

$187

$194

$189

130

151

160

167

177

178

186

193

183

185

97.9

96.5

96.3

95.0

94.8

94.9

94.8

94.9

96.5

96.1

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1

$398,011 $395,363

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Q1-2014

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

Q1-2014

Q1-2013

% Change

Full Year 2013

Full Year 2012

% Change

177 $386,528 $336,000 $279 164 96.4

211 $349,026 $315,000 $265 184 96.1

-16.1% 10.7% 6.7% 5.3% -10.9% 0.3%

1157 $397,179 $343,000 $276 168 96.4

1008 $371,630 $330,000 $262 187 94.9

14.8% 6.9% 3.9% 5.3% -10.2% 1.6%

Supply/Demand Snapshot

As of March 31, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

179 149 70 45 47 26 23 4 543

84 49 24 11 13 14 6 1 202

2 3 3 4 4 2 4 4 3

208 146 69 44 52 16 14 5 554

91 57 32 16 22 14 12 0 244

2 3 2 3 2 1 1 Not Valid 2

-13.9% 2.1% 1.4% 2.3% -9.6% 62.5% 64.3% -20.0% -2.0%

-7.7% -14.0% -25.0% -31.3% -40.9% 0.0% -50.0% 0.0% -17.2%

$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

$420,845

$424,248

$434,812

$429,759

$396,861

$400,599

$411,994

$371,630

$312

$328

$330

$321

$291

$286

$277

$262

$276

$279

116

138

162

168

174

180

180

187

168

164

99.0

97.2

96.6

95.8

94.2

94.8

94.2

94.9

96.4

96.4

Source: Hudson Gateway Multiple Listing Service, Condominiums

$397,179 $386,528

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Q1-2014

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

Q1-2014

Q1-2013

% Change

Full Year 2013

Full Year 2012

% Change

341 $173,869 $140,000 $169 221 95.1

283 $177,746 $139,000 $172 244 94.0

20.5% -2.2% 0.7% -1.7% -9.4% 1.2%

1536 $188,060 $150,000 $181 220 94.8

1259 $178,012 $148,400 $174 220 94.0

22.0% 5.6% 1.1% 4.0% 0.0% 0.9%

Supply/Demand Snapshot

As of March 31, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

1238 53 23 7 8 2 3 0 1334

401 21 3 3 3 2 0 0 433

3 3 8 2 3 1 Not Valid 0 3

1352 57 15 7 20 4 0 0 1455

375 20 11 5 4 3 1 0 419

4 3 1 1 5 1 0 0 3

-8.4% -7.0% 53.3% 0.0% -60.0% -50.0% 0.0% 0.0% -8.3%

6.9% 5.0% -72.7% -40.0% -25.0% -33.3% -100.0% 0.0% 3.3%

$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

$170,763

$200,536

$207,205

$213,747

$205,763

$192,922

$195,024

$185,347

$180

$209

$218

$223

$219

$202

$197

$185

$174

$181

142

143

153

170

173

203

207

212

220

220

98.4

98.3

96.6

96.0

95.3

93.9

93.8

93.6

94.0

94.8

Source: Hudson Gateway Multiple Listing Service, Co-Operatives

$178,012 $188,060

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Putnam County

Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Brewster

22

27

-19%

125

131

-5%

Carmel

34

30

13%

203

181

12%

Garrison

7

7

0%

39

13

200%

Haldane

9

9

0%

43

46

-7%

Lakeland

4

6

-33%

25

23

9%

Mahopac

36

21

71%

185

167

11%

Putnam Valley

12

14

-14%

87

63

38%

Putnam County

124

114

9%

707

624

13%

School District

Homes Sold up 9% Q1- 2014 vs. Q1- 2013 Median Price up 11% Q1- 2014 vs. Q1- 2013

Click on a School district to obtain the latest monthly market report. Brewster Garrison Lakeland Putnam Valley

Carmel Haldane Mahopac

Median Sale Price Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Brewster

$307,000

$255,000

20%

$305,000

$274,000

11%

Carmel

$237,500

$255,500

-7%

$235,500

$245,000

-4%

Garrison

$1,300,000

$508,000

156%

$508,000

$597,500

-15%

Haldane

$354,000

$535,000

-34%

$500,000

$405,000

24%

Lakeland

$332,500

$350,000

-5%

$285,000

$315,875

-10%

Mahopac

$335,235

$300,000

12%

$350,000

$335,000

5%

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Putnam Valley

$218,500

$252,500

-14%

$246,500

$297,500

-17%

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Putnam County

$311,250

$280,900

11%

$307,000

$299,000

3%

School District Brewster-Mahopac

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9


Putnam County

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

253 141 97 61 76 31 23 14 696

99 40 16 10 3 2 1 1 172

3 4 6 6 25 16 23 14 4

292 134 101 56 60 26 23 12 704

96 38 21 14 7 3 0 0 179

3 4 5 4 9 9 Not Valid Not Valid 4

-13.4% 5.2% -4.0% 8.9% 26.7% 19.2% 0.0% 16.7% -1.1%

3.1% 5.3% -23.8% -28.6% -57.1% -33.3% 0.0% 0.0% -3.9%

$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

$466,576

$466,984

$463,756

$438,500

$373,616

$356,730

$372,783

$350,828

$242

$245

$232

$214

$190

$176

$178

$169

$173

$179

153

157

178

180

192

206

211

212

220

235

97.1

96.3

95.6

94.5

92.7

94.3

93.7

94.0

94.6

94.0

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9

$359,387 $401,590

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Q1-2014

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

Q1-2014

Q1-2013

% Change

Full Year 2013

Full Year 2012

% Change

19 $228,489 $226,000 $156 218 94.4

19 $236,654 $204,000 $154 318 96.1

0.0% -3.5% 10.8% 1.3% -31.4% -1.8%

102 $229,906 $201,000 $158 249 95.8

69 $231,039 $206,000 $155 252 94.7

47.8% -0.5% -2.4% 1.9% -1.2% 1.2%

Supply/Demand Snapshot

As of March 31, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

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 8 1 5 1 1 0 2 67

22 5 0 5 3 0 0 0 35

2 2 Not Valid 1 0 Not Valid 0 Not Valid 2

72 7 0 7 1 1 0 1 89

22 2 0 5 0 0 0 0 29

3 4 0 1 Not Valid Not Valid 0 Not Valid 3

-31.9% 14.3% 0.0% -28.6% 0.0% 0.0% 0.0% 100.0% -24.7%

0.0% 150.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 20.7%

$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

$262,122

$277,229

$290,809

$296,499

$248,638

$248,143

$266,995

$231,039

$211

$223

$217

$211

$188

$174

$169

$155

$158

$156

115

130

152

169

179

190

186

252

249

218

98.3

97.2

96.6

96.2

95.4

94.8

95.0

94.7

95.8

94.4

Source: Hudson Gateway Multiple Listing Service, Condominiums

$229,906 $228,489

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Q1-2014

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

Q1-2014

Q1-2013

% Change

Full Year 2013

Full Year 2012

% Change

312 $279,657 $230,000 188 94.3

350 $291,601 $223,025 214 92.8

-10.9% -4.1% 3.1% -12.1% 1.6%

1867 $296,864 $243,500 180 94.3

1614 $291,226 $242,384 190 93.7

15.7% 1.9% 0.5% -5.3% 0.6%

Supply/Demand Snapshot

As of March 31, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

923 315 149 111 99 43 66 49 1755

240 42 23 29 14 5 2 1 356

4 8 6 4 7 9 33 49 5

852 265 114 112 90 47 56 46 1582

243 71 19 22 16 5 4 2 382

4 4 6 5 6 9 14 23 4

8.3% 18.9% 30.7% -0.9% 10.0% -8.5% 17.9% 6.5% 10.9%

-1.2% -40.8% 21.1% 31.8% -12.5% 0.0% -50.0% -50.0% -6.8%

$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

$187

$188

$181

$165

$149

$147

$140

$135

$137

$134

137

151

155

160

164

172

187

190

180

188

97.3

96.2

95.2

94.6

93.7

94.0

92.0

93.7

94.3

94.3

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

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Southwest Dutchess Single-family homes

Homes Sold Town/City

Q1 Q1 2014 2013

% Change

Full Year 2013

Full Year 2012

% Change

Beacon

15

16

-6%

94

74

27%

East Fishkill

39

37

5%

219

190

15%

Fishkill

27

24

13%

112

98

14%

La Grange

14

27

-48%

134

110

22%

Poughkeepsie

52

61

-15%

295

275

7%

City of Poughkeepsie

18

19

-5%

94

68

38%

Wappinger

29

27

7%

154

128

20%

Southwest Dutchess

194

211

-8%

1102

943

17%

Homes Sold down 8% Q1- 2014 vs. Q1- 2013 Average Price down 2% Q1- 2014 vs. Q1- 2013

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 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Beacon

$212,000

$245,000

-14%

$243,250

$203,723

19%

East Fishkill

$385,000

$364,000

6%

$349,000

$339,717

3%

Fishkill

$213,500

$252,500

-15%

$230,000

$239,211

-4%

La Grange

$260,000

$272,000

-4%

$275,000

$263,500

4%

Poughkeepsie

$209,000

$176,000

19%

$195,000

$205,000

-5%

City of Poughkeepsie

$162,500

$162,680

0%

$169,475

$166,000

2%

Wappinger

$239,000

$243,000

-2%

$250,175

$249,500

0%

Southwest Dutchess

$219,000

$223,450

-2%

$238,000

$237,500

0%

Town/City Poughkeepsie Area

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


Southwest Dutchess

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

480 161 75 60 45 5 9 2 837

156 25 17 22 6 0 0 0 226

3 6 4 3 8 Not Valid Not Valid Not Valid 4

444 122 62 70 32 7 5 1 743

170 41 13 16 7 3 1 0 251

3 3 5 4 5 2 5 Not Valid 3

8.1% 32.0% 21.0% -14.3% 40.6% -28.6% 80.0% 100.0% 12.7%

-8.2% -39.0% 30.8% 37.5% -14.3% -100.0% -100.0% 0.0% -10.0%

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

$180

$183

$176

$161

$150

$142

$134

$127

$134

$128

128

145

148

154

159

165

183

178

180

181

98.4

97.7

96.4

95.5

95.5

95.4

95.3

95.3

96.4

96.2

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

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Southeast Dutchess

Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Beekman

8

11

-27%

81

84

-4%

Dover

4

10

-60%

38

31

23%

Pawling

8

13

-39%

60

43

40%

Union Vale

9

4

125%

25

24

4%

Southeast Dutchess

29

38

-24%

204

182

12%

Town/City

Homes Sold down 24% Q1- 2014 vs. Q1- 2013 Average Price up 21% Q1- 2014 vs. Q1- 2013

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

Dutchess County

Beekman

Dover

Pawling

Union Vale

Average Sale Price Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Beekman

$308,500

$265,000

16%

$303,000

$310,125

-2%

Dover

$153,500

$152,000

1%

$198,750

$174,000

14%

Pawling

$222,500

$237,500

-6%

$288,250

$315,000

-9%

Union Vale

$312,000

$236,500

32%

$278,000

$296,500

-6%

Southeast Dutchess

$265,000

$218,500

21%

$280,000

$284,750

-2%

Town/City

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


Southeast Dutchess

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

111 52 25 19 14 8 12 7 248

23 4 4 4 5 2 0 0 42

5 13 6 5 3 4 Not Valid Not Valid 6

103 40 18 15 17 11 15 7 226

22 14 1 3 7 0 0 1 48

5 3 18 5 2 Not Valid Not Valid 7 5

7.8% 30.0% 38.9% 26.7% -17.6% -27.3% -20.0% 0.0% 9.7%

4.5% -71.4% 300.0% 33.3% -28.6% 0.0% 0.0% -100.0% -12.5%

$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

$206

$198

$190

$181

$156

$154

$133

$135

$143

$119

145

154

170

157

180

189

219

216

189

229

97.4

96.6

95.4

94.3

93.0

94.2

93.7

96.0

93.7

95.0

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

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Northwest Dutchess

Single-family homes

Homes Sold Town/City

Q1 Q1 2014 2013

% Change

Full Year 2013

Full Year 2012

% Change

Clinton

7

5

40%

42

37

14%

Hyde Park

19

23

-17%

135

133

2%

Milan

8

4

100%

22

13

69%

Pleasant Valley

9

20

-55%

75

58

29%

Red Hook

9

11

-18%

58

63

-8%

Rhinebeck

14

11

27%

89

70

27%

Northwest Dutchess

66

74

-11%

421

374

13%

Homes Sold down 11% Q1- 2014 vs. Q1- 2013 Average Price up 10% Q1- 2014 vs. Q1- 2013

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 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Clinton

$323,500

$245,000

32%

$305,500

$318,800

-4%

Hyde Park

$206,000

$180,000

14%

$180,000

$175,500

3%

Milan

$222,500

$258,500

-14%

$300,000

$330,000

-9%

Pleasant Valley

$225,000

$220,053

2%

$242,000

$253,750

-5%

Red Hook

$239,250

$230,000

4%

$256,500

$285,500

-10%

Rhinebeck

$325,500

$265,000

23%

$294,500

$322,500

-9%

Northwest Dutchess

$237,625

$217,053

10%

$245,000

$240,000

2%

Town/City

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


Northwest Dutchess

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

241 75 35 23 23 17 20 5 439

47 5 2 2 2 2 0 0 60

5 15 18 12 12 9 Not Valid Not Valid 7

210 77 23 20 23 12 18 4 387

40 14 4 3 1 2 1 0 65

5 6 6 7 23 6 18 Not Valid 6

14.8% -2.6% 52.2% 15.0% 0.0% 41.7% 11.1% 25.0% 13.4%

17.5% -64.3% -50.0% -33.3% 100.0% 0.0% -100.0% 0.0% -7.7%

$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

$184

$193

$179

$165

$145

$151

$145

$140

$138

$149

141

155

159

172

166

167

175

199

181

180

96.4

93.6

93.8

93.5

93.1

92.8

92.9

90.9

93.6

92.7

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

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Northeast Dutchess

Single-family homes

Homes Sold Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Amenia

3

5

-40%

21

16

31%

North East

2

2

0%

9

6

50%

Pine Plains

2

3

-33%

17

8

113%

Stanford

4

3

33%

29

33

-12%

Washington

7

8

-13%

31

18

72%

Northeast Dutchess

18

21

-14%

107

81

32%

Town/City

Homes Sold down 14% Q1- 2014 vs. Q1- 2013 Average Price up 74% Q1- 2014 vs. Q1- 2013

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

North East

Pine Plains

Stanford

Washington

Average Sale Price Dutchess County

Q1 2014

Q1 2013

% Change

Full Year 2013

Full Year 2012

% Change

Amenia

$210,000

$80,000

163%

$130,000

$222,500

-42%

North East

$194,500

$710,000

-73%

$250,000

$312,750

-20%

Pine Plains

$235,000

$225,000

4%

$190,000

$239,775

-21%

Stanford

$417,000

$450,000

-7%

$300,000

$335,000

-10%

Washington

$485,000

$630,000

-23%

$375,000

$467,500

-20%

Northeast Dutchess

$392,500

$225,000

74%

$250,000

$333,500

-25%

Town/City

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


Northeast Dutchess

Q1-2014

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, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

68 17 11 8 15 13 23 35 190

14 4 0 0 1 1 2 1 23

5 4 Not Valid Not Valid 15 13 12 35 8

70 18 10 7 16 16 18 33 188

6 2 1 0 1 0 2 1 13

12 9 10 Not Valid 16 Not Valid 9 33 14

-2.9% -5.6% 10.0% 14.3% -6.3% -18.8% 27.8% 6.1% 1.1%

133.3% 100.0% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 76.9%

$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

$252

$244

$254

$207

$198

$204

$252

$221

$192

$202

180

184

205

217

177

219

234

238

198

261

93.9

94.5

91.1

91.5

85.5

88.9

80.9

90.6

87.9

88.2

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

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


Q1-2014

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

Q1-2014

Q1-2013

% Change

Full Year 2013

Full Year 2012

% Change

67 $192,559 $177,900 $131 190 96.6

53 $180,561 $153,000 $143 250 95.7

26.4% 6.6% 16.3% -8.4% -24.0% 0.9%

398 $205,168 $190,000 $142 209 96.6

336 $192,054 $175,500 $134 209 95.5

18.5% 6.8% 8.3% 6.0% 0.0% 1.2%

Supply/Demand Snapshot

As of March 31, 2014

Price Range

As of March 31, 2013

2014 vs. 2013

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

SUPPLY Active Listings

DEMAND Pending Sales

Supply/ Demand Ratio*

% Change in Listings

% Change in Pendings

260 69 30 3 0 0 0 0 362

58 25 8 0 1 0 0 0 92

4 3 4 Not Valid 0 0 0 0 4

270 87 14 1 1 0 0 0 373

72 13 4 0 0 0 0 0 89

4 7 4 Not Valid Not Valid 0 0 0 4

-3.7% -20.7% 114.3% 200.0% -100.0% 0.0% 0.0% 0.0% -2.9%

-19.4% 92.3% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 3.4%

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

$167

$173

$175

$163

$152

$146

$135

$134

$142

$131

116

132

143

172

162

162

209

209

209

190

98.2

97.0

97.2

96.1

95.2

95.1

95.5

95.5

96.6

96.6

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

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

* Homes sold for 2014 are annualized based on actual sales year-to-date.


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