First Quarter Sales- Westchester & Putnam Counties

Home sales for the first three months of 2011 were not as good as in 2010 in Westchester County, but they were a little bit better than last year in Putnam County.

(Now, Westchester's first quarter results for 2010 were extraordinary when compared to the previous year, posting an increase of more than 74 percent as the local economy rebounded from the depths of the recession.) 

Here are the details for Westchester and Putnam counties:

Westchester County saw the sales of 721 home in the first quarter of 2011. The average Days On Market was 200 days from listing date to title passing.

The average selling price of a single-family home was $759,740. This is a decrease from the first quarter in 2010, where the average was $787,727.

The median sales price was $552,500. So far this year, the highest closing price has been $6,480,000. The lowest closing price was $51,000.

The most homes sold, 65 of them, were in the $400,000 through $450,000 price range. This is a change from 2010, where 50 homes were sold in the $600,000 through $650,000 price range.

The average home in Westchester now sells for 93.25 percent  of its listing price. This is up from 2010, where homes were getting 92.85 percent of their asking price.

The average price per square foot is now $292.43 per square foot. At this time last year, the average was $303.44 per square foot.

The total volume of homes sold in the first quarter of 2011 was $547,772,606.

This data was obtained from the Empire Access Multiple Listing System, and study’s single-family first quarter numbers from January 1, 2011 through March 31, 2011.

Putnam County saw the sale of 139 homes during the first quarter of this year. This number is up from last year, when 124 homes had sold in the first three months of 2010.

The average sales price in Q1 was $379,143, with median home prices at $349,000. In 2010, the average was $337,395 with a median price of $310,000.

The average days on market for a home to sell in the first quarter was 226 days. In 2010, it was 219.

The highest price sold in 2011 was $2,750,000, and the lowest price sold was $50,000. In 2010, the highest price was $985,000 and the lowest was $50,000.

The total volume sold so far is $52,700,928. This is up from 2010’s volume of $41,836,960. This is an increase of 26 percent.  

Houses sold for 93.64 percent of their listing price. The average price per square foot is $187.14.

This data was obtained from the Empire Access Multiple Listing System, and study’s single-family first quarter numbers from January 1, 2011 through March 31, 2011. Additional information and quarter sales information can be found on the WPAR website.