MARKET ACTION REPORT June 2011 Zip Code: 10548 Suzanne Welch Associate Broker 914-557-3760 [email protected]Blog www.westchesterhomesblogger.wordprress.com Price Range: ALL | Properties: Single Family Home, Condo, Co-Op, Multi Family Based on information from Empire Access Multiple Listing Service, Inc. for the period 7/1/2008 through 6/30/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Reside ntial Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not re flect all real estate activity in the market. Trending Versus*: Trending Versus*: Market Profile & Trends OverviewMonth LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $379,250 Average List Price of all Current Listings $400,658 June Median Sales Price $0 $230,000 June Average Sales Price $0 $311,250 Total Properties Currently for Sale (Inventory) 26 June Number of Properties Sold 0 4 June Average Days on Market (Solds) 0 247 Asking Price per Square Foot (based on New Listings) $238 $232 June Sold Price per Square Foot $0 $208 June Month's Supply of Inventory 0.0 10.4 June Sale Price vs List Price Ratio 0.0% 89.6% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Property Sales June Property sales were 0, down -100.0% from 1 in June of 2010 and - 100.0% lower than the 2 sales last month. June 2011 sales were at their lowest level compared to June of 2010 and 200 9. June YTD sales of 4 are running -60.0% behind last ye ar's year-to-date sales of 10. Prices The Median Sales Price in June was $0, down -100.0% from $364,900 in Ju ne of 2010 and down -100.0% from $165,000 last month. The Average Sales Price in June was $0, down -100.0% from $364,900 in June of 20 10 and down -100.0% from $165,000 last month. June 2011 ASP was at the lowest level compared to June of 2010 and 2009.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Median List Price of all Current Listings $379,250
Average List Price of all Current Listings $400,658
June Median Sales Price $0 $230,000
June Average Sales Price $0 $311,250
Total Properties Currently for Sale (Inventory) 26
June Number of Properties Sold 0 4
June Average Days on Market (Solds) 0 247
Asking Price per Square Foot (based on New Listings) $238 $232
June Sold Price per Square Foot $0 $208
June Month's Supply of Inventory 0.0 10.4
June Sale Price vs List Price Ratio 0.0% 89.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales June Property sales were 0, down -100.0% from 1 in June of 2010 and -100.0% lower than the 2 sales last month. June 2011 sales were at theirlowest level compared to June of 2010 and 2009. June YTD sales of 4 are running -60.0% behind last year's year-to-date sales of 10.
Price Range: ALL | Properties: Single Family Home, Condo, Co-Op, Multi Family
Inventory & MSI The Total Inventory of Properties available for sale as of June was 26, up 13.0% from 23 last month and down -23.5% from 34 in June of lastyear. June 2011 Inventory was at the lowest level compared to June of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2011 MSI of 0.0 months was at itslowest level compared with June of 2010 and 2009.
Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for Junewas 0, down -100.0% from 206 days last month and down -100.0% from 133 days in June of last year. The June 2011 DOM was at its lowestlevel compared with June of 2010 and 2009.
Price Range: ALL | Properties: Single Family Home, Condo, Co-Op, Multi Family
Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price.The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June2011 Selling Price vs Original List Price of 0.0% was down from 81.6% last month and down from 96.3% in June of last year.
Inventory / New Listings / Sales
'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2011 was 8, up 100.0%from 4 last month and up 33.3% from 6 in June of last year.
Price Range: ALL | Properties: Single Family Home, Condo, Co-Op, Multi Family
Based on information from Empire Access Multiple Listing Service, Inc. for the period 7/1/2008 through 6/30/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not becompletely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
J 08 A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J
J 08 A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M JDays On Market 74 1 57 1 04 1 25 2 75 1 36 2 24 1 17 0 3 07 1 79 2 99 1 73 1 24 1 39 1 50 3 43 94 1 98 1 12 74 0 2 29 1 33 1 97 2 42 2 34 1 22 0 3 16 3 23 2 52 0 0 2 06 03 Mo. Roll Avg 112 129 168 179 212 159 114 141 162 262 217 199 145 138 211 196 212 135 128 62 101 121 186 191 224 199 119 146 213 297 192 84 69 69
J 08 A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J
J 08 A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M JAvg Sale Price 264 3 48 2 41 3 52 2 35 5 31 4 85 2 20 0 3 56 3 51 2 78 5 65 2 89 3 99 2 78 2 81 4 00 2 83 2 27 2 30 0 3 45 3 65 4 46 3 47 2 49 2 18 0 6 83 6 75 2 40 0 0 1 65 03 Mo. Roll Avg 284 314 276 373 417 412 235 192 236 329 398 377 417 322 319 320 321 303 247 152 192 237 385 386 347 271 156 300 453 533 305 80 55 55