What a year to-date! Another cold winter had its effects on the real estate market. Properties entered the market place later than usual with still properties being introduced to the market each week..
As of June 30th, 2015, there were 74 single family properties available in the 1o804 zip code, ranging in price from $479,000 to $2,613,000. There are 47 properties in contract with list prices ranging from $460,000 to $1,199,888, and there have been 64 Sold properties ranging in price from $375,000 to $2,400,000.
Interesting to see that for the most part, price per square foot has increased since 2010. However, it should also be noted that with only 64 sales to date this year, and with my including all single family properties in the 10804 zip code, the price per square foot is overall.
I also thought it would be interesting to observe the close price versus the original list price. No surprise, the closings in January and February would reflect those year end sales which historically sell for less. Whereas, the true (early) spring sales are more robust with a smaller differential between list and actual sales price. With a current large inventory, it is a great time in which to purchase a home!
New Rochelle is GREAT!
