Houlihan Lawrence 1st Quarter 2012 Market Report
Westchester, Putnam and Dutchess Counties
HoulihanLawrence.com
Presented by Chris Meyers Chief Operating Officer Direct: 914.337.0400 chrismeyers@houlihanlawrence.com
1st Q–2012 houlihanlawrence.com
1st Quarter 2012 Market Report
April 2012
Spring was in the air much earlier than usual in 2012, and buyers across Westchester, Putnam and Dutchess counties responded by posting the highest level of pending sales as of March 31st since 2005. A pending sale represents a commitment to purchase a home at a specified price and terms, typically closing within 60 to 90 days. In Westchester, pending sales at quarter’s end were up 31% over Q1-2011, while pendings in Putnam and Dutchess increased by 26.5% and 9% respectively. The surge in pending sales is particularly striking in contrast to the modest results for closed sales of singlefamily homes, up a mere 1.1% in Westchester in Q1-2012, while declining 22% in Putnam and 7% in Dutchess. The lag in closed sales reflects the muted activity in late 2011, when deal making was concentrated among lower-priced homes. Not surprisingly, the median sale price drifted lower as closed sales were skewed toward the lower price ranges: in Westchester, Q1-2012 median sale price is $505,500, down 8.4% from the same period last year. In Putnam, the median price this quarter is $274,500, down 21% from Q1-2011. The median sale price in Dutchess is $235,000, down 4.7% from a year earlier. Continuing the momentum we first noted in our Q4-2011 Market Report, entry price levels were particularly strong in early 2012. In Westchester, pending sales under $500,000 are up 44% from Q1-2011 and represent the highest Q1 level for that price range in nine years. In Dutchess, pending homes under $300,000 are up 26.8%, while in Putnam, pending homes priced under $200,000 are up a whopping 91% from 2011. But sales growth was not limited to the low end. Nearly all price ranges saw double-digit percentage increases in pending sales in Q1-2012. Westchester homes priced between $700,000 and $1,000,000 saw pendings up 46.3% from 2011. Even the luxury market is flourishing again, with pending deals to purchase Westchester homes priced above $2.5 million up 34% from 2011. While pending sales are increasing sharply, inventory levels are essentially flat. It will be interesting to see in the coming quarters whether the sales growth attracts wary sellers who have been waiting out the market. If supply grows to match demand, prices will remain near current levels, equivalent in most markets to 2003 prices. If inventory does not grow, we are likely to see home values begin to appreciate by 2013. Already, we are seeing an increase in multiple-offer bidding wars in many markets for the most desirable listings. So what is behind the sudden increase in pending sales, and more importantly, can the momentum continue? Certainly, the mild weather has played a role, and economic indicators such as jobs, interest rates, and the stock market have been supportive over the past 6 months. But the real wild card – the animal spirits that determine market psychology – can be much harder to predict or to pin down. The next two quarters will tell whether we are truly at the beginning stage of new long-term bull market for housing, or if the surprising market strength of Q1-2012 fades with the blossoms of Spring. Stay tuned to HoulihanLawrence.com for our monthly reports covering each town, and we will be back in early July to report on regional market performance in the second quarter.
Stephen Meyers
Chris Meyers
Chief Executive Officer Houlihan Lawrence
Chief Operating Officer Houlihan Lawrence
1st Q-2012
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Table of Contents Click on a green heading to jump to that page.
WESTCHESTER COUNTY Overview Single-family Homes Supply/Demand Snapshot Ten-Year Market History
New York City Gateway Mount Vernon New Rochelle Pelham Yonkers
Lower Westchester Bronxville Eastchester Edgemont Scarsdale Tuckahoe
The Rivertowns Ardsley Briarcliff Manor Dobbs Ferry Elmsford Hastings Irvington Mount Pleasant Ossining Pleasantville Pocantico Hills Tarrytown
Greater White Plains
Westchester Condominiums
Southwest Dutchess
Westchester Co-Operatives
Beacon East Fishkill Fishkill LaGrange Poughkeepsie Poughkeepsie/City Wappinger
Greenburgh Valhalla White Plains
Overview Supply/Demand Snapshot Ten-Year Market History
The Sound Shore
Overview Supply/Demand Snapshot Ten-Year Market History
Blind Brook Harrison Mamaroneck Port Chester Rye City Rye Neck
Northern Westchester Bedford Byram Hills Chappaqua Katonah–Lewisboro North Salem Somers
Northwest Westchester Croton–Harmon Hendrick Hudson Lakeland Peekskill Yorktown
PUTNAM COUNTY Brewster Carmel Garrison Haldane Lakeland Mahopac Putnam Valley
Putnam Condominiums Overview Supply/Demand Snapshot Ten-Year Market History
DUTCHESS COUNTY
Overview Single-family Homes Supply/Demand Snapshot Ten-Year Market History
Southeast Dutchess Beekman Dover Pawling Union Vale
Northeast Dutchess Amenia North East Pine Plains Stanford Washington
Northwest Dutchess Clinton Hyde Park Milan Pleasant Valley Red Hook Rhinebeck
Dutchess Condominiums Overview Supply/Demand Snapshot Ten-Year Market History
1st Q-2012
houlihanlawrence.com
Westchester County Single-family Homes
Overview
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
730 $505,500 $725,191 210 93.3
722 $551,250 $759,303 200 93.2
1.1% -8.3% -4.5% 5.0% 0.1%
3842 $600,000 $814,240 181 94.3
4018 $630,000 $827,990 176 94.2
-4.4% -4.8% -1.7% 2.8% 0.1%
Homes Sold Median Sale Price Average Sale Price Average Days on Market % Sale Price to List Price
Supply/Demand Snapshot
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
1242 845 638 440 270 110 99 84 96 3824
364 174 177 130 52 28 25 15 7 972
3 5 4 3 5 4 4 6 14 4
1267 768 698 412 241 110 63 81 90 3730
253 158 121 98 45 32 17 11 7 742
5 5 6 4 5 3 4 7 13 5
-2.0% 10.0% -8.6% 6.8% 12.0% 0.0% 57.1% 3.7% 6.7% 2.5%
43.9% 10.1% 46.3% 32.7% 15.6% -12.5% 47.1% 36.4% 0.0% 31.0%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$736,021
$829,006
$881,789
$913,997
$936,242
$881,437
$763,300
$827,990
$288
$322
$345
$348
$350
$334
$297
$305
$292
$264
143
140
140
153
164
169
178
176
181
210
97.4
98.1
97.6
96.4
96.0
95.2
92.9
94.2
94.3
93.3
Source: Empire Access Multiple Listing Service, Single-family homes
$814,240 $725,191
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
NYC Gateway Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Mount Vernon
24
19
26%
88
91
-3%
New Rochelle
41
45
-9%
240
248
-3%
Pelham
17
10
70%
88
81
9%
Yonkers
87
71
23%
337
320
5%
NYC Gateway
169
145
17%
753
740
2%
School District
Homes Sold up 17% in 1st Q 2012 vs. 1st Q 2011 Median Price down 15% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report.
New Rochelle
Mount Vernon
New Rochelle
Pelham
Yonkers
Median Sale Price 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Mount Vernon
$337,500
$400,000
-16%
$350,000
$350,000
0%
New Rochelle
$557,500
$635,000
-12%
$582,500
$630,000
-8%
Pelham
$510,000
$744,950
-32%
$803,750
$780,000
3%
Yonkers
$385,000
$408,000
-6%
$415,000
$435,000
-5%
NYC Gateway
$425,000
$500,000
-15%
$490,000
$515,000
-5%
School District
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Source: Empire Access Multiple Listing Service, Single-family homes, Zones 7 & 8
NYC Gateway
1st Q-2012
Single-family homes
Market Report
Mount Vernon, New Rochelle, Pelham, Yonkers
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
87 128 132 115 141 61 78 9 751
35 39 25 20 35 13 20 0 187
2 3 5 6 4 5 4 Not Valid 4
79 98 162 101 146 54 73 14 727
28 32 34 25 28 13 26 1 187
3 3 5 4 5 4 3 14 4
10.1% 30.6% -18.5% 13.9% -3.4% 13.0% 6.8% -35.7% 3.3%
25.0% 21.9% -26.5% -20.0% 25.0% 0.0% -23.1% -100.0% 0.0%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$537,959
$601,033
$684,970
$658,763
$668,933
$619,854
$539,928
$572,784
$240
$270
$295
$292
$298
$283
$254
$253
$245
$218
143
138
140
151
160
165
180
178
180
220
97.9
97.9
98.0
96.7
96.4
95.6
94.1
94.5
94.3
92.6
Source: Empire Access Multiple Listing Service, Single-family homes, Zones 7 & 8
$574,874 $488,597
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Lower Westchester Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Bronxville
10
5
100%
47
75
-37%
Eastchester
9
16
-44%
82
84
-2%
Edgemont
17
6
183%
49
62
-21%
Scarsdale
21
29
-28%
205
202
2%
Tuckahoe
2
4
-50%
27
33
-18%
Lower Westchester
59
60
-2%
410
456
-10%
School District
Homes Sold down 2% in 1st Q 2012 vs. 1st Q 2011 Median Price up 39% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report. Bronxville
Eastchester
Edgemont
Scarsdale
Tuckahoe
Median Sale Price Scarsdale School District Bronxville
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1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
$1,413,500
$1,275,000
11%
$1,860,000
$1,750,000
6%
$565,000
$586,000
-4%
$593,500
$612,500
-3%
Edgemont
$1,095,000
$917,500
19%
$925,000
$1,115,000
-17%
Scarsdale
$1,355,000
$1,050,000
29%
$1,225,000
$1,200,000
2%
Tuckahoe
$568,000
$540,000
5%
$610,000
$599,000
2%
$1,200,000
$866,250
39%
$995,000
$1,025,000
-3%
Eastchester
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1st Q 2012
Lower Westchester
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 6
Lower Westchester
1st Q-2012
Single-family homes
Market Report
Bronxville, Eastchester, Edgemont, Scarsdale, Tuckahoe
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
13 56 70 67 38 35 18 17 17 331
5 16 37 39 14 13 11 7 3 145
3 4 2 2 3 3 2 2 6 2
11 57 66 67 36 20 14 13 9 293
2 11 13 23 12 9 10 5 2 87
6 5 5 3 3 2 1 3 5 3
18.2% -1.8% 6.1% 0.0% 5.6% 75.0% 28.6% 30.8% 88.9% 13.0%
150.0% 45.5% 184.6% 69.6% 16.7% 44.4% 10.0% 40.0% 50.0% 66.7%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$1,103,219 $1,204,413 $1,330,846 $1,351,736 $1,393,748 $1,297,435 $1,212,153 $1,302,610 $1,282,116 $1,363,664 $376
$417
$447
$456
$455
$440
$387
$411
$398
$382
142
147
148
161
164
162
185
177
174
192
97.0
99.1
97.5
96.5
96.6
95.6
91.9
94.6
95.0
95.2
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 6
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
The Rivertowns
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Ardsley
13
5
160%
63
75
-16%
Briarcliff Manor
8
14
-43%
51
51
0%
Dobbs Ferry
13
9
44%
39
45
-13%
Elmsford
5
2
150%
30
43
-30%
Hastings
5
17
-71%
67
51
31%
Irvington
13
10
30%
43
56
-23%
Mount Pleasant
16
12
33%
71
68
4%
Ossining
26
28
-7%
137
153
-11%
Pleasantville
11
8
38%
47
40
18%
Pocantico Hills
1
1
0%
8
8
0%
Tarrytown
6
5
20%
38
47
-19%
117
111
5%
594
637
-7%
School District
The Rivertowns
Click on a School district to obtain the latest monthly market report. Ardsley Elmsford Mount Pleasant Pocantico Hills
Briarcliff Manor Hastings Ossining Tarrytown
Dobbs Ferry Irvington Pleasantville
Homes Sold up 5% in 1st Q 2012 vs. 1st Q 2011 Median Price down 13% in 1st Q 2012 vs. 1st Q 2011
Median Sale Price 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Ardsley
$404,000
$515,000
-22%
$517,000
$612,000
-16%
Briarcliff Manor
$656,600
$617,500
6%
$683,010
$743,000
-8%
Dobbs Ferry
$610,000
$562,000
9%
$700,000
$637,500
10%
Elmsford
$418,000
$343,500
22%
$421,000
$400,000
5%
Hastings
$560,000
$660,000
-15%
$660,000
$680,000
-3%
Irvington
$650,000
$751,000
-13%
$810,000
$752,750
8%
Mount Pleasant
$468,750
$451,250
4%
$500,000
$532,500
-6%
Ossining
$369,111
$369,500
0%
$385,000
$429,000
-10%
Pleasantville
$427,000
$511,250
-17%
$495,000
$602,500
-18%
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Pocantico Hills
$295,000
$350,000
-16%
$657,500
$677,500
-3%
Tarrytown
$595,000
$680,000
-13%
$606,625
$579,000
5%
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The Rivertowns
$470,000
$540,000
-13%
$530,000
$559,000
-5%
School District
The Rivertowns
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 3
The Rivertowns
1st Q-2012
Single-family homes
Market Report
Ardsley, Briarcliff Manor, Dobbs Ferry, Elmsford, Hastings, Irvington, Mount Pleasant, Ossining, Pleasantville, Pocantico Hills, Tarrytown
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
49 57 90 91 112 47 95 21 562
15 24 17 15 26 13 12 5 127
3 2 5 6 4 4 8 4 4
42 67 120 81 124 55 80 25 594
6 15 17 16 18 9 7 3 91
7 4 7 5 7 6 11 8 7
16.7% -14.9% -25.0% 12.3% -9.7% -14.5% 18.8% -16.0% -5.4%
150.0% 60.0% 0.0% -6.3% 44.4% 44.4% 71.4% 66.7% 39.6%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$602,692
$716,948
$749,612
$737,385
$719,413
$727,417
$622,480
$630,618
$277
$314
$335
$329
$327
$313
$288
$281
$274
$243
141
139
138
146
158
175
173
175
184
226
98.2
98.3
98.0
96.5
96.6
95.6
94.7
94.7
95.1
93.4
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 3
$620,144 $554,786
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Greater White Plains
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Greenburgh
24
24
0%
92
112
-18%
Valhalla
7
12
-42%
39
52
-25%
White Plains
32
32
0%
155
192
-19%
Greater White Plains
63
68
-7%
286
356
-20%
School District
Homes Sold down 7% in 1st Q 2012 vs. 1st Q 2011 Median Price down 7% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report.
Greenburgh
Valhalla
White Plains
White Plains
Median Sale Price 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Greenburgh
$401,250
$459,750
-13%
$446,250
$451,300
-1%
Valhalla
$420,000
$503,750
-17%
$437,500
$533,000
-18%
White Plains
$474,000
$522,250
-9%
$550,000
$582,875
-6%
Greater White Plains
$446,000
$481,500
-7%
$495,000
$537,962
-8%
School District
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Source: Empire Access Multiple Listing Service, Single-family homes, Zone 4
Greater White Plains
1st Q-2012
Single-family homes
Market Report
Greenburgh, Valhalla, White Plains
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
13 40 46 52 59 20 25 2 257
6 13 10 5 12 3 5 0 54
2 3 5 10 5 7 5 Not Valid 5
23 36 45 48 46 23 16 1 238
12 10 16 7 9 6 3 0 63
2 4 3 7 5 4 5 Not Valid 4
-43.5% 11.1% 2.2% 8.3% 28.3% -13.0% 56.3% 100.0% 8.0%
-50.0% 30.0% -37.5% -28.6% 33.3% -50.0% 66.7% 0.0% -14.3%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$566,294
$613,760
$674,650
$675,274
$672,834
$658,832
$579,604
$578,480
$265
$294
$332
$328
$325
$308
$284
$272
$258
$232
125
120
118
132
142
163
169
166
173
191
98.4
99.5
98.9
97.3
97.1
95.9
93.9
95.4
95.1
95.1
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 4
$532,545 $476,833
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
The Sound Shore
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Blind Brook
12
10
20%
55
69
-20%
Harrison
27
23
17%
129
129
0%
Mamaroneck
29
30
-3%
213
236
-10%
Port Chester
10
10
0%
51
64
-20%
Rye City
15
23
-35%
132
151
-13%
Rye Neck
7
18
-61%
67
47
43%
100
114
-12%
647
696
-7%
School District
The Sound Shore
Homes Sold down 12% in 1st Q 2012 vs. 1st Q 2011 Median Price up 5% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report. Blind Brook
Harrison
Mamaroneck
Port Chester
Rye City
Rye Neck
Median Sale Price The Sound Shore
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Blind Brook
$779,375
$702,500
11%
$779,000
$795,000
-2%
Harrison
$962,500
$1,100,000
-13%
$1,344,850
$1,160,000
16%
Mamaroneck
$1,140,000
$835,250
37%
$996,999
$992,000
1%
Port Chester
$405,500
$370,000
10%
$425,000
$451,250
-6%
$2,150,000
$1,580,000
36%
$1,514,000
$1,200,000
26%
Rye Neck
$625,000
$680,000
-8%
$799,000
$950,000
-16%
The Sound Shore
$880,000
$835,250
5%
$950,000
$927,000
3%
School District
Rye City Preview all our HD Videos of Westchester, Putnam and Dutchess
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Source: Empire Access Multiple Listing Service, Single-family homes, Zone 5
The Sound Shore
1st Q-2012
Single-family homes
Market Report
Blind Brook, Harrison, Mamaroneck, Port Chester, Rye City, Rye Neck
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
88 87 91 82 79 27 40 31 27 552
36 25 27 34 21 7 6 4 3 163
2 3 3 2 4 4 7 8 9 3
88 76 108 84 69 30 19 27 28 529
9 15 32 23 20 14 6 4 4 127
10 5 3 4 3 2 3 7 7 4
0.0% 14.5% -15.7% -2.4% 14.5% -10.0% 110.5% 14.8% -3.6% 4.3%
300.0% 66.7% -15.6% 47.8% 5.0% -50.0% 0.0% 0.0% -25.0% 28.3%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$1,020,410 $1,153,411 $1,237,111 $1,316,380 $1,356,202 $1,344,403 $1,149,544 $1,215,667 $1,262,051 $1,245,028 $364
$406
$433
$455
$453
$450
$395
$398
$402
$391
143
142
147
152
165
174
179
170
170
189
96.7
97.9
96.6
96.7
95.6
94.8
91.2
93.7
94.1
93.2
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 5
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Northern Westchester
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Bedford
35
35
0%
185
169
10%
Byram Hills
12
23
-48%
106
110
-4%
Chappaqua
20
15
33%
132
116
14%
Katonah-Lewisboro
30
30
0%
141
155
-9%
North Salem
19
9
111%
34
40
-15%
Somers
20
11
82%
95
88
8%
Northern Westchester
136
123
11%
693
678
2%
School District
Homes Sold up 11% in 1st Q 2012 vs. 1st Q 2011 Median Price down 25% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report. Bedford
Byram Hills
Chappaqua
Katonah–Lewisboro
North Salem
Somers
Median Sale Price Bedford
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School District
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year % 2010 Change
Bedford
$949,000
$650,000
46%
$775,000
$800,000
-3%
Byram Hills
$773,750
$1,112,500
-30%
$1,063,750
$927,500
15%
Chappaqua
$590,000
$946,000
-38%
$845,125
$890,050
-5%
Katonah-Lewisboro
$635,000
$705,000
-10%
$596,000
$684,500
-13%
North Salem
$415,000
$675,000
-39%
$508,000
$562,500
-10%
Somers
$452,500
$459,000
-1%
$542,000
$581,250
-7%
Northern Westchester
$604,000
$800,000
-25%
$753,500
$764,500
-1%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 2
Northern Westchester
1st Q-2012
Single-family homes
Market Report
Bedford, Byram Hills, Chappaqua, Katonah–Lewisboro, North Salem, Somers
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
158 162 188 141 89 39 30 29 45 881
42 36 50 23 11 6 6 3 1 178
4 5 4 6 8 7 5 10 45 5
135 149 213 133 77 41 20 32 47 847
26 36 27 22 6 5 1 2 1 126
5 4 8 6 13 8 20 16 47 7
17.0% 8.7% -11.7% 6.0% 15.6% -4.9% 50.0% -9.4% -4.3% 4.0%
61.5% 0.0% 85.2% 4.5% 83.3% 20.0% 500.0% 50.0% 0.0% 41.3%
$0 - $499,999 $500,000 - $699,999 $700,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999 $3,000,000 - $3,999,999 $4,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$925,678 $1,045,970 $1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065
$979,814
$939,854 $858,898
$305
$340
$373
$360
$368
$340
$289
$299
$274
$258
156
151
149
169
182
171
180
185
193
220
97.1
97.2
97.4
95.8
95.2
94.6
92.7
93.6
93.2
92.2
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 2
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Northwest Westchester Single-family homes
Homes Sold 1st Q 1st Q 2012 2011
School District
% Change
Full Year 2011
Full Year 2010
% Change
Croton-Harmon
11
16
-31%
64
57
12%
Hendrick Hudson
12
13
-8%
67
74
-10%
Lakeland
34
40
-15%
155
149
4%
Peekskill
11
15
-27%
54
46
17%
Yorktown
18
16
13%
111
123
-10%
Northwest Westchester
86
100
-14%
451
449
0%
Homes Sold down 14% in 1st Q 2012 vs. 1st Q 2011 Median Price down 3% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report. Croton–Harmon
Hendrick Hudson
Lakeland
Peekskill
Yorktown
Median Sale Price Yorktown
1st Q 2012
1st Q 2011
Full Year 2011
Full Year % 2010 Change
Croton-Harmon
$465,000
$520,000
-11%
$528,250
$452,000
17%
Hendrick Hudson
$388,500
$400,000
-3%
$355,000
$442,625
-20%
Lakeland
$301,000
$317,500
-5%
$325,000
$349,500
-7%
Peekskill
$230,000
$300,000
-23%
$232,500
$242,250
-4%
Yorktown
$366,250
$411,250
-11%
$410,000
$428,000
-4%
Northwest Westchester
$336,500
$347,500
-3%
$352,500
$382,000
-8%
School District
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% Change
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 1
Northwest Westchester Single-family homes
1st Q-2012
Market Report
Croton–Harmon, Hendrick Hudson, Lakeland, Peekskill, Yorktown
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
106 142 87 44 63 21 16 2 481
54 31 12 6 4 7 3 0 117
2 5 7 7 16 3 5 Not Valid 4
116 138 99 44 51 22 18 3 491
16 15 14 6 5 3 1 0 60
7 9 7 7 10 7 18 Not Valid 8
-8.6% 2.9% -12.1% 0.0% 23.5% -4.5% -11.1% -33.3% -2.0%
237.5% 106.7% -14.3% 0.0% -20.0% 133.3% 200.0% 0.0% 95.0%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$429,536
$473,575
$518,962
$524,300
$511,158
$513,692
$418,548
$421,273
$211
$239
$259
$256
$248
$243
$215
$207
$195
$186
142
130
130
151
160
167
177
178
186
200
98.2
98.6
97.9
96.5
96.3
95.0
94.8
94.9
94.8
93.4
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 1
$395,090 $349,961
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
1st Q-2012
houlihanlawrence.com
Westchester County Condominiums
Overview Units Sold Median Sale Price Average Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
190 $312,500 $346,411 $266 220 94.5
181 $325,000 $374,242 $264 188 91.5
5.0% -3.8% -7.4% 0.8% 17.0% 3.3%
835 $337,000 $412,074 $277 180 94.2
937 $355,000 $400,317 $286 180 94.8
-10.9% -5.1% 2.9% -3.1% 0.0% -0.6%
Supply/Demand Snapshot
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
289 186 107 60 74 29 23 10 778
69 55 17 15 12 4 3 1 176
4 3 6 4 6 7 8 10 4
330 219 96 67 86 29 37 6 870
64 35 19 15 16 1 8 0 158
5 6 5 4 5 29 5 Not Valid 6
-12.4% -15.1% 11.5% -10.4% -14.0% 0.0% -37.8% 66.7% -10.6%
7.8% 57.1% -10.5% 0.0% -25.0% 300.0% -62.5% 0.0% 11.4%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$334,814
$372,088
$420,845
$424,230
$434,912
$430,037
$397,114
$400,317
$242
$278
$312
$328
$330
$321
$291
$286
$277
$266
113
110
116
138
162
169
174
180
180
220
98.7
98.9
99.0
97.2
96.6
95.8
94.2
94.8
94.2
94.5
Source: Empire Access Multiple Listing Service, Condominiums
$412,074 $346,411
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
1st Q-2012
houlihanlawrence.com
Westchester County Co-Operatives
Overview
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
259 $144,000 $172,082 $172 219 92.9
274 $165,675 $186,183 $191 216 93.6
-5.5% -13.1% -7.6% -9.9% 1.4% -0.7%
1160 $160,000 $185,347 $185 212 93.6
1267 $170,000 $195,024 $197 207 93.8
-8.4% -5.9% -5.0% -6.1% 2.4% -0.2%
Units Sold Median Sale Price Average Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
Supply/Demand Snapshot
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
1494 94 22 8 17 2 3 0 1640
283 12 5 0 6 2 0 0 308
5 8 4 Not Valid 3 1 Not Valid 0 5
1485 95 25 15 12 6 2 0 1640
207 20 2 1 2 1 1 0 234
7 5 13 15 6 6 2 0 7
0.6% -1.1% -12.0% -46.7% 41.7% -66.7% 50.0% 0.0% 0.0%
36.7% -40.0% 150.0% -100.0% 200.0% 100.0% -100.0% 0.0% 31.6%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$149,309
$170,763
$200,562
$207,205
$213,747
$205,727
$192,922
$195,024
$156
$180
$209
$218
$223
$219
$202
$197
$185
$172
154
142
143
153
170
173
203
207
212
219
97.8
98.4
98.3
96.6
96.0
95.3
93.9
93.8
93.6
92.9
Source: Empire Access Multiple Listing Service, Co-Operatives
$185,347 $172,082
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Putnam County
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Brewster
22
22
0%
86
118
-27%
Carmel
36
42
-14%
162
161
1%
Garrison
2
4
-50%
27
14
93%
Haldane
3
8
-63%
35
30
17%
Lakeland
3
9
-67%
27
22
23%
Mahopac
32
28
14%
135
159
-15%
Putnam Valley
10
26
-62%
96
64
50%
Putnam County
108
139
-22%
568
568
0%
School District
Homes Sold down 22% in 1st Q 2012 vs. 1st Q 2011 Median Price down 21% in 1st Q 2012 vs. 1st Q 2011
Click on a School district to obtain the latest monthly market report. Brewster Garrison Lakeland Putnam Valley
Carmel Haldane Mahopac
Median Sale Price School District
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Brewster
$243,500
$312,750
-22%
$310,000
$325,000
-5%
Carmel
$217,550
$254,500
-15%
$259,500
$270,000
-4%
Garrison
$1,050,000
$757,500
39%
$557,500
$521,000
7%
Haldane
$392,500
$520,000
-25%
$459,000
$388,500
18%
Lakeland
$280,000
$329,900
-15%
$350,000
$362,500
-3%
Mahopac
$330,000
$378,500
-13%
$347,500
$350,000
-1%
Preview all our HD Videos of Westchester, Putnam and Dutchess
Putnam Valley
$298,750
$315,000
-5%
$317,500
$305,000
4%
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Putnam County
$274,500
$349,000
-21%
$324,950
$315,000
3%
Brewster-Mahopac
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 9
Putnam County
1st Q-2012
Single-family homes
Market Report
Brewster, Carmel, Garrison, Haldane, Lakeland, Mahopac, Putnam Valley
Click on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
295 148 92 69 83 32 35 20 774
77 25 21 9 8 0 2 1 143
4 6 4 8 10 Not Valid 18 20 5
268 163 99 59 82 22 26 8 727
54 34 12 10 1 0 1 1 113
5 5 8 6 82 Not Valid 26 8 6
10.1% -9.2% -7.1% 16.9% 1.2% 45.5% 34.6% 150.0% 6.5%
42.6% -26.5% 75.0% -10.0% 700.0% 0.0% 100.0% 0.0% 26.5%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$390,666
$422,637
$466,576
$466,930
$463,756
$438,500
$373,616
$356,730
$196
$222
$242
$244
$232
$214
$190
$176
$178
$155
163
151
153
157
178
180
192
206
211
213
97.2
97.3
97.1
96.3
95.6
94.5
92.7
94.3
93.7
92.5
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 9
$372,783 $310,096
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
1st Q-2012
houlihanlawrence.com
Putnam County Condominiums
Overview Units Sold Median Sale Price Average Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
16 $181,900 $202,260 $153 257 95.3
16 $217,500 $260,688 $174 179 96.2
0.0% -16.4% -22.4% -12.1% 43.6% -0.9%
79 $233,000 $263,832 $167 186 95.0
67 $230,000 $248,143 $174 190 94.8
17.9% 1.3% 6.3% -4.0% -2.1% 0.2%
Supply/Demand Snapshot
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
81 19 2 4 0 0 0 1 107
11 2 2 3 0 0 0 0 18
7 10 1 1 0 0 0 Not Valid 6
72 11 11 6 0 1 1 1 103
13 3 0 0 0 0 0 0 16
6 4 Not Valid Not Valid 0 Not Valid Not Valid Not Valid 6
12.5% 72.7% -81.8% -33.3% 0.0% -100.0% -100.0% 0.0% 3.9%
-15.4% -33.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 12.5%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
$223,152
$241,434
$262,122
$277,229
$290,809
$296,499
$248,638
$248,143
$162
$184
$211
$223
$217
$211
$188
$174
$167
$153
122
104
115
130
152
169
179
190
186
257
97.9
98.1
98.3
97.2
96.6
96.2
95.4
94.8
95.0
95.3
Source: Empire Access Multiple Listing Service, Condominiums
$263,832 $202,260
Average Sale Price Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
1st Q-2012
houlihanlawrence.com
Dutchess County Single-family Homes
Overview
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
293 $235,000 $273,235 212 93.2
302 $246,500 $398,554 193 86.4
-3.0% -4.7% -31.4% 9.8% 7.9%
1492 $246,000 $312,085 187 92.0
1529 $260,000 $307,938 172 94.0
-2.4% -5.4% 1.3% 8.7% -2.1%
Homes Sold Median Sale Price Average Sale Price Average Days on Market % Sale Price to List Price
Supply/Demand Snapshot
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
993 367 188 98 109 51 63 62 1931
208 51 20 11 19 2 2 2 315
5 7 9 9 6 26 32 31 6
989 359 198 123 119 58 57 51 1954
164 55 23 25 16 4 0 2 289
6 7 9 5 7 15 Not Valid 26 7
0.4% 2.2% -5.1% -20.3% -8.4% -12.1% 10.5% 21.6% -1.2%
26.8% -7.3% -13.0% -56.0% 18.8% -50.0% 0.0% 0.0% 9.0%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$122
$140
$154
$156
$150
$137
$121
$120
$113
$105
146
147
137
151
155
160
164
172
187
212
97.2
97.3
97.3
96.2
95.2
94.6
93.7
94.0
92.0
93.2
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Southwest Dutchess Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Beacon
20
19
5%
63
70
-10%
East Fishkill
27
45
-40%
189
209
-10%
Fishkill
23
19
21%
72
72
0%
La Grange
17
23
-26%
115
101
14%
Poughkeepsie
51
47
9%
256
260
-2%
City of Poughkeepsie
15
14
7%
90
85
6%
Wappinger
17
22
-23%
142
106
34%
Southwest Dutchess
170
189
-10%
927
903
3%
Town/City
Homes Sold down 10% in 1st Q 2012 vs. 1st Q 2011 Average Price down 8% in 1st Q 2012 vs. 1st Q 2011
Click to obtain a specific town/city monthly market report. Beacon Fishkill Poughkeepsie Wappinger
East Fishkill La Grange City of Poughkeepsie
Average Sale Price 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Beacon
$208,000
$225,000
-8%
$224,500
$220,500
2%
East Fishkill
$435,000
$340,000
28%
$340,000
$363,000
-6%
Fishkill
$237,500
$276,500
-14%
$249,000
$264,900
-6%
La Grange
$249,100
$258,000
-3%
$256,000
$288,656
-11%
Poughkeepsie
$195,000
$190,000
3%
$215,000
$225,000
-4%
City of Poughkeepsie
$158,000
$152,000
4%
$166,000
$179,900
-8%
Wappinger
$230,000
$261,500
-12%
$255,000
$270,500
-6%
Southwest Dutchess
$208,000
$225,000
-8%
$224,500
$220,500
2%
Town/City Poughkeepsie Area
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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Southwest Dutchess
1st Q-2012
Single-family homes
Market Report
Beacon, East Fishkill, Fishkill, La Grange, Poughkeepsie, City of Poughkeepsie, Wappinger
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
557 186 92 57 46 13 10 3 964
146 30 15 8 10 1 0 0 210
4 6 6 7 5 13 Not Valid Not Valid 5
601 194 114 66 47 9 7 3 1041
105 31 14 17 9 2 0 0 178
6 6 8 4 5 5 Not Valid Not Valid 6
-7.3% -4.1% -19.3% -13.6% -2.1% 44.4% 42.9% 0.0% -7.4%
39.0% -3.2% 7.1% -52.9% 11.1% -50.0% 0.0% 0.0% 18.0%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$116
$131
$147
$146
$139
$130
$117
$110
$101
$98
137
137
129
146
146
153
160
164
181
190
97.6
98.0
98.3
97.5
96.3
95.4
95.3
95.4
95.3
94.7
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Southeast Dutchess
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Beekman
15
12
25%
63
63
0%
Dover
9
13
-31%
47
37
27%
Pawling
7
9
-22%
31
36
-14%
Union Vale
6
5
20%
16
32
-50%
Southeast Dutchess
37
39
-5%
157
168
-7%
Town/City
Homes Sold down 5% in 1st Q 2012 vs. 1st Q 2011 Average Price down 4% in 1st Q 2012 vs. 1st Q 2011
Click to obtain a specific town/city monthly market report.
Dutchess County
Beekman
Dover
Pawling
Union Vale
Average Sale Price 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Beekman
$280,000
$333,000
-16%
$355,000
$337,500
5%
Dover
$145,000
$184,000
-21%
$160,000
$192,000
-17%
Pawling
$358,500
$250,000
43%
$280,000
$312,500
-10%
Union Vale
$238,870
$295,000
-19%
$335,500
$319,000
5%
Southeast Dutchess
$260,000
$270,000
-4%
$284,675
$298,910
-5%
Town/City
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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Southeast Dutchess
1st Q-2012
Single-family homes
Market Report
Beekman, Dover, Pawling, Union Vale
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
113 76 33 14 20 14 9 11 290
14 9 3 1 3 1 0 0 31
8 8 11 14 7 14 Not Valid Not Valid 9
99 64 27 21 20 12 5 7 255
22 8 3 4 3 0 0 1 41
5 8 9 5 7 Not Valid Not Valid 7 6
14.1% 18.8% 22.2% -33.3% 0.0% 16.7% 80.0% 57.1% 13.7%
-36.4% 12.5% 0.0% -75.0% 0.0% 0.0% 0.0% -100.0% -24.4%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$135
$158
$163
$167
$164
$150
$131
$135
$112
$108
158
164
145
154
170
157
180
189
219
284
97.7
97.1
97.4
96.6
95.4
94.3
93.0
94.2
93.7
94.1
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Northwest Dutchess
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Clinton
3
6
-50%
40
33
21%
Hyde Park
23
21
10%
97
96
1%
Milan
1
4
-75%
12
19
-37%
Pleasant Valley
10
7
43%
51
56
-9%
Red Hook
13
9
44%
51
61
-16%
Rhinebeck
13
10
30%
53
76
-30%
Northwest Dutchess
63
57
11%
304
341
-11%
Town/City
Homes Sold up 11% in 1st Q 2012 vs. 1st Q 2011 Average Price up 9% in 1st Q 2012 vs. 1st Q 2011
Click to obtain a specific town/city monthly market report. Clinton
Hyde Park
Milan
Pleasant Valley
Red Hook
Rhinebeck
Average Sale Price Dutchess County
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1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Clinton
$775,000
$257,500
201%
$355,250
$328,000
8%
Hyde Park
$190,000
$202,000
-6%
$179,000
$193,500
-8%
Milan
$230,000
$198,950
16%
$350,000
$245,000
43%
Pleasant Valley
$290,000
$345,000
-16%
$250,000
$237,500
5%
Red Hook
$310,000
$240,000
29%
$260,000
$262,000
-1%
Rhinebeck
$315,000
$175,500
80%
$295,000
$327,500
-10%
Northwest Dutchess
$235,000
$215,000
9%
$244,500
$250,000
-2%
Town/City
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Northwest Dutchess
1st Q-2012
Single-family homes
Market Report
Clinton, Hyde Park, Milan, Pleasant Valley, Red Hook, Rhinebeck
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
243 74 44 18 28 17 24 12 460
39 9 1 1 6 0 1 0 57
6 8 44 18 5 Not Valid 24 Not Valid 8
221 71 41 22 33 21 27 11 447
32 12 5 1 3 0 0 0 53
7 6 8 22 11 Not Valid Not Valid Not Valid 8
10.0% 4.2% 7.3% -18.2% -15.2% -19.0% -11.1% 9.1% 2.9%
21.9% -25.0% -80.0% 0.0% 100.0% 0.0% 0.0% 0.0% 7.5%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$121
$142
$153
$160
$150
$136
$117
$124
$121
$115
158
157
141
155
159
172
166
167
175
226
97.1
97.0
96.4
93.6
93.8
93.5
93.1
92.8
92.9
89.7
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
Northeast Dutchess
Single-family homes
Homes Sold 1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
Amenia
4
1
300%
16
16
0%
North East
0
0
0%
4
7
-43%
Pine Plains
1
1
0%
7
6
17%
Stanford
5
3
67%
22
31
-29%
Washington
8
6
33%
23
22
5%
Northeast Dutchess
18
11
64%
72
82
-12%
Town/City
Homes Sold up 64% in 1st Q 2012 vs. 1st Q 2011 Average Price down 37% in 1st Q 2012 vs. 1st Q 2011
Click to obtain a specific town/city monthly market report. Amenia
North East
Pine Plains
Stanford
Washington
Average Sale Price Dutchess County
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
$151,500
$170,000
-11%
$346,000
$272,500
27%
North East
$0
$0
0%
$317,500
$235,000
35%
Pine Plains
$177,000
$243,000
-27%
$175,000
$197,487
-11%
Stanford
$322,250
$450,000
-28%
$430,000
$285,000
51%
Washington
$377,500
$1,120,000
-66%
$550,000
$573,500
-4%
Northeast Dutchess
$282,500
$450,000
-37%
$397,500
$290,000
37%
Town/City Amenia
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Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Northeast Dutchess
1st Q-2012
Single-family homes
Market Report
Amenia, North East, Pine Plains, Stanford, Washington
Click to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
61 20 14 9 12 7 19 36 178
3 3 1 1 0 0 1 2 11
20 7 14 9 Not Valid Not Valid 19 18 16
48 25 13 14 16 15 18 30 179
1 3 1 3 1 2 0 1 12
48 8 13 5 16 8 Not Valid 30 15
27.1% -20.0% 7.7% -35.7% -25.0% -53.3% 5.6% 20.0% -0.6%
200.0% 0.0% 0.0% -66.7% -100.0% -100.0% 0.0% 100.0% -8.3%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$169
$178
$227
$221
$230
$180
$176
$181
$213
$132
171
190
180
184
205
217
177
219
234
226
93.6
95.2
93.9
94.5
91.1
91.5
85.5
88.9
80.9
91.8
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
1st Q-2012
houlihanlawrence.com
Dutchess County Condominiums
Overview Units Sold Median Sale Price Average Sale Price Average Price Per Square Foot Average Days on Market % Sale Price to List Price
1st Q 2012
1st Q 2011
% Change
Full Year 2011
Full Year 2010
% Change
51 $153,500 $174,817 $122 216 93.8
55 $152,000 $171,557 $119 184 94.3
-7.3% 1.0% 1.9% 2.5% 17.4% -0.5%
295 $185,000 $199,775 $126 208 95.5
283 $200,000 $201,596 $137 162 95.1
4.2% -7.5% -0.9% -8.0% 28.4% 0.4%
Supply/Demand Snapshot
As of March 31, 2012
Price Range
As of March 31, 2011
2012 vs. 2011
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
SUPPLY Active Listings
DEMAND Pending Sales
Supply/ Demand Ratio*
% Change in Listings
% Change in Pendings
310 66 8 4 0 0 1 0 389
68 17 5 0 0 0 0 0 90
5 4 2 Not Valid 0 0 Not Valid 0 4
332 73 14 1 1 0 0 0 421
56 20 13 1 0 0 0 0 90
6 4 1 1 Not Valid 0 0 0 5
-6.6% -9.6% -42.9% 300.0% -100.0% 0.0% 0.0% 0.0% -7.6%
21.4% -15.0% -61.5% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0%
$0 - $299,999 $300,000 -$399,999 $400,000 - $499,999 $500,000 - $599,999 $600,000 - $799,999 $800,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 and up Market Totals
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average Price Per Square Foot Days on Market % Sale Price to List Price
$118
$138
$159
$162
$165
$153
$141
$137
$126
$122
125
120
116
132
143
172
162
162
208
216
98.6
98.1
98.2
97.0
97.2
96.1
95.2
95.1
95.5
93.8
Source: Mid-Hudson Multiple Listing Service, Residential-attached homes.
Average Price Per Square Foot Days on Market % Sale Price to List Price
Homes sold for 2012 are annualized based on actual sales year-to-date.
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