market report a full circle approach to real estate #1 Raveis Team in NY
Market Statistics
building relationships We invite you to learn more about the benefits of a team approach to buying and selling from TEAM 914/360 – William Raveis’ #1 Sales Team in New York! We are a full service real estate team offering seasoned residential guidance from market pros – Susan Slotnick, Angela Manson and Felicia Frey. Whether looking to list and sell property, or searching for your first apartment or dream home, we are here to guide you every step of the way. TEAM 914/360 offers exclusive services to our listing clients including a complimentary prelisting inspection by a licensed engineer and a complimentary home staging consultation. If you are contemplating a sale, TEAM 914/360 can guide you in all aspects of confident decision making. With 30+ combined years of experience, we provide exceptional full service attention with easy access and availability covering the entire Westchester county marketplace. Market news for the first quarter of 2016 is mixed. For most of our featured Westchester towns, single family homes are generally selling more quickly with fewer Days on Market (DOM) as compared to first quarter 2015. Total dollar volume is down across all price ranges except in Scarsdale. We expect the delayed market to reflect in next quarter. See market statistical chart inside for further details. • In Armonk, the median selling price increased 3% to $969,500. The total dollar volume realized is down 50% compared to first quarter 2015.
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• In Chappaqua, the median selling price increased 1% to $941,250. Average DOM decreased 15% from 110 days to 94 days. • Edgemont saw declines in the total dollar volume, median sale price and number of single family homes sold. Average DOM decreased 3% from 133 days to 129 days. • The New Rochelle (Davis elementary school) area saw DOM decrease by 48% from an average of 177 to 92 days on market. The median selling price declined 11% to $625,000 as compared to first quarter 2015. • In Scarsdale, sales were strong with total dollar volume up 31% and DOM decreasing by 26% from an average of 109 days to 81 days. The median selling price declined 7% to $1,450,000.
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For us, there is no greater satisfaction than helping people find their ideal home within our vibrant and unique communities. We are grateful for your continued support and look forward to meeting you soon. All the best, Susan Slotnick, Angela Manson & Felicia Frey Associate Real Estate Brokers
office: 914.874.5662
914360.com
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email: 914360@raveis.com