The report looks at some of the more traditional sales metrics for Westchester like the total number of homes sold, the average selling prices, the median prices, and the price-per-square foot for all major Westchester property types, especially single-family homes, condos, and coops.
The firm’s managing partner Joseph Rand compiles and writes the detailed report, answering questions like:
- Why were average real estate prices in Westchester a bit disappointing in the 4th Quarter of 2013?
- How many months does a home priced at $3M+ in Westchester typically stay on the market?
- When was the last time that Westchester had so many quarters of rising sales in a row?
When asked about the state of the real estate market in the region, Joe felt good about both 2013 and the year ahead. “Westchester and the northern suburbs of New York City finished 2013 very strong, with sales up significantly across the region and prices beginning to show the first small signs appreciation. Homeowners in Westchester have some great reasons to be optimistic about home prices as we head into 2014.” Rand continued, “Every market cycle sees a shift in demand prior to a similar shift in prices and after nearly two years of sustained increases in demand, we believe that prices are now ready to follow.”
In addition to Westchester, the report provides sales and pricing information for the other counties in Better Homes and Gardens Rand Realty’s service area, including Rockland, Orange, and Putnam in New York, and Passaic and Bergen in New Jersey.
Better Homes and Gardens Rand has produced the quarterly market report for almost ten years. It is the region’s most comprehensive independent analysis of real estate prices, sales and trends.
To download a free copy of the complete report, visit RandRealty.com. To watch the video market summaries for Westchester and the neighboring counties, please visit Rand’s Facebook page at www.facebook.com/RandRealty.
Joseph Rand is a Managing Partner at Better Homes and Gardens Rand Realty.