Fair 49°
Tag:

Real Estate Trends

Real Estate
What's Selling: Westchester Experts Dish On The Real Estate Market What's Selling: Westchester Experts Dish On The Real Estate Market
What's Selling: Westchester Experts Dish On The Real Estate Market Large houses aren't selling the way they used to. According to multiple Westchester realtors, homes that are 3,000 square feet and above $1 million, once the darlings of the Westchester real estate world, are now no longer as attractive.  Bigger used to be better, said Alison Bernstein founder/president of Suburban Jungle, a suburbs strategy relocation firm, but a cultural shift began when millennials entered the market approximately 10 years ago. “People used to plan to own their homes for 30 to 40 years," she said. "Now, they're thinking three to four years and thinking differe…

SHARE

by James Miranda
Real Estate
Westchester Luxury Home Sales Hit 10-Year High Westchester Luxury Home Sales Hit 10-Year High
Westchester Luxury Home Sales Hit 10-Year High Sales of luxury homes selling for $2 million and higher in Westchester County hit a 10-year high in 2017 with 357 high-end homes sold, a 4.7 percent increase from 2016, according to a new Houlihan Lawrence Luxury Market Report. Sale prices for luxury homes rose slightly from 2016, with the median sale price at $2.60 million, up from $2.56 million. Total sales for 2017 topped the $1 billion mark, a 6.2 percent increase from the previous year’s volume.  Two markets – Scarsdale and Rye – accounted for approximately 43 percent of the total luxury sales in Westchester in 2017. Westchester’s top…

SHARE

by Daily Voice