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.
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