The Westchester real estate market cooled a bit in the third quarter, if only in comparison to the torrid pace set earlier in the year. Sales were up, but just slightly, and prices were a little soft compared to 2014. Sales. Single-family sales were up slightly, rising 5.7% from the third quarter of last year, and are now up 4.9% for the rolling year. We’ve now seen … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q3
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of “green shoots” of meaningful price appreciation, reflecting the impact of the sustained increases in buyer demand that we’ve seen over the past few years. Home sales continued … [Read more...]
Westchester County Affordability: The Monthly Payment You Need to Buy a Home is as Low as it’s Been for the Past 35 Years
Homes in Westchester County are about as affordable as they have been in over 30 years. What do I mean by that? It’s simple. Basically, the monthly mortgage payment it takes to purchase the average-priced home in Westchester is about as low as it’s been since 1981. If you look at the attached graph, you’ll see what I’m talking about. On that graph, we’ve plotted the … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. The real estate market in Westchester and the … [Read more...]
So What’s Going on in the Westchester Real Estate Market?: The Rand Quarterly Market Report for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. The Westchester real estate market continued to … [Read more...]