Larchmont 10538 Jan – August/2014 vs. 2013 Closed Price to Original Price Ratio
There are always different factors in closed price ratios compared to original price ratios. One for could be higher price properties. Another factor could be supply and demand and buyers simply paying more for their home purchase. Since we just established that sales prices were higher in 2014 year to-date (ending August 31st), so when we see that homes were selling at 102.4% say in May compared to 99.1% in 2013, and that the average sales price for that same month was $1,142,827 in 2014 compared to $928,900 then that informs us that the market is continuing to be very much stronger in 2014, and the figures are also reflective of multiple bidding.
It is imperative to have a good real estate agent representing you in your home search, during negotiation and in the simple follow-through of those little hiccups that occur in each sale and purchase. Call me, I am here for your real estate needs.
Larchmont is GREAT!