market report - betsy ronel€¦ · single family homes quarterly market overview q3 2019 q3 2018 %...
TRANSCRIPT
Q3
MA
RKET
REP
ORT
W E S TC H E S T E R P U T N A M & D U TC H E S S
Presented By
CHRIS MEYERSPresident
Houlihan Lawrence
HoulihanLawrence.com
The real estate market in Westchester, Putnam and Dutchess counties remains polarized depending on price point, but the third quarter brought some welcome life into a previously quiet 2019.
The first two quarters of the year were anything but frothy, but once buyers were able to put the new tax laws into clear perspective the market turned on quite predictably. The tax reform, however, was not the only factor that kept many buyers on the sidelines. Perception of value remained critical in order for buyers to take action. With a surplus of data readily available to consumers, both online presentation and price must be flawlessly aligned in order to stand out from the competition. In many of our markets, primarily where there are higher price points and growing inventory, sellers needed to adjust downward before the buyers took action.
Where the sellers did adjust, Westchester County sales rebounded. Most notably the Sound Shore and parts of Northern Westchester experienced double digit increases over last year. In Westchester, there was an average increase in home sales of 0.6% in the third quarter this year as compared to Q3 2018 and the median sale price increased 3.0%. In the entry level price points multiple bid situations were still prevalent where inventory was low.
Putnam County had a 6% increase in homes sold in the third quarter 2019 as compared to 2018. The median sale price increased as well at 3% on average. The supply and demand in Putnam remained healthy and strong under $800,000. However, between $800,000-$1,000,000 there was a 37% increase in number of listings over last year. Adjustments will have to be made in order to move the needle and drive sales.
Dutchess County, with its substantial territory, continued to vary greatly by region. Countywide, single family sales were down 2.9% over Q3 2018, and the median sale price was up 6.3%. Southeast Dutchess experienced the greatest influx of buyers with home sales up 12% over same time last year. Largely due to decreased inventory, the median sale price here increased an impressive 18.2%. Southwest Dutchess, and all of Northern Dutchess have fewer sales than 2018 in this quarter with Northeast Dutchess unit sales down 9%.
Although the market activity started later this year than we’re accustomed, it extended throughout the summer, a traditionally quieter time. August, in fact, was our busiest month in 2019 for closings and the activity has continued throughout September. As we approach an election year, which adds uncertainty to an already fragmented market, you can count on Houlihan Lawrence for proprietary market intelligence to guide your decision making.
Sincerely,
THIRD QUARTER 2019
EXECUTIVE SUMMARY
Stephen MeyersChairman
Chris MeyersCEO
TABLE OF CONTENTSTHIRD QUARTER 2019
WESTCHESTER COUNTYSingle Family Home Overview
NEW YORK CITY GATEWAYMount Vernon, New Rochelle, Pelham, Yonkers
LOWER WESTCHESTERBronxville, Eastchester, Edgemont, Scarsdale,Tuckahoe
THE RIVERTOWNSArdsley, Briarcliff Manor, Dobbs Ferry, Elmsford,Hastings, Irvington, Mount Pleasant, Ossining,Pleasantville, Pocantico Hills, Tarrytown
GREATER WHITE PLAINSGreenburgh, Valhalla, White Plains
THE SOUND SHOREBlind Brook, Harrison, Mamaroneck, PortChester, Rye City, Rye Neck
NORTHERN WESTCHESTERBedford, Byram Hills, Chappaqua, Katonah-Lewisboro, North Salem, Somers
NORTHWEST WESTCHESTERCroton-Harmon, Hendrick Hudson, Lakeland,Peekskill, Yorktown
WESTCHESTER COUNTYCondominium Overview
WESTCHESTER COUNTYCo-Operative Overview
PUTNAM COUNTYBrewster, Carmel, Garrison, Haldane, Mahopac,Putnam Valley
PUTNAM COUNTYCondominium Overview
DUTCHESS COUNTYSingle Family Home Overview
SOUTHEAST DUTCHESSBeekman, Dover, Pawling, Union Vale
SOUTHWEST DUTCHESSBeacon, East Fishkill, Fishkill, LaGrange,Poughkeepsie, Poughkeepsie/City, Wappinger
NORTHEAST DUTCHESSAmenia, North East, Pine Plains, Stanford,Washington
NORTHWEST DUTCHESSClinton, Hyde Park, Milan, Pleasant Valley, RedHook, Rhinebeck
DUTCHESS COUNTYCondominium Overview
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WESTCHESTER COUNTYSINGLE FAMILY HOMES
QUARTERLY MARKET OVERVIEW Q3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
HOMES SOLD 1930 1919 0.6% 4419 4521 -2.3%
AVERAGE SALE PRICE $908,945 $879,312 3.4% $866,890 $880,716 -1.6%
MEDIAN SALE PRICE $699,000 $678,500 3.0% $675,000 $670,000 0.7%
AVERAGE PRICE PER SQUARE FOOT $335 $328 2.1% $324 $325 -0.3%
% SALE PRICE TO LIST PRICE 97.1 97.3 -0.2% 96.9 97.5 -0.6%
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 449 372 1 498 351 1 -9.8% 6.0%
$500,000 - $699,999 639 294 2 651 303 2 -1.8% -3.0%
$700,000 - $999,999 754 213 4 682 187 4 10.6% 13.9%
$1,000,000 - $1,499,999 441 119 4 467 97 5 -5.6% 22.7%
$1,500,000 - $1,999,999 249 43 6 271 44 6 -8.1% -2.3%
$2,000,000 - $2,499,999 142 16 9 127 19 7 11.8% -15.8%
$2,500,000 - $2,999,999 96 13 7 109 12 9 -11.9% 8.3%
$3,000,000 - $3,999,999 75 12 6 91 12 8 -17.6% 0.0%
$4,000,000 and up 95 13 7 107 14 8 -11.2% -7.1%
Market Totals 2940 1095 3 3003 1039 3 -2.1% 5.4%*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 $827,687 $814,126 $800,088 $811,056 $861,093 $836,478 $818,854 $851,298 $856,884 $866,890 Average Sale Price
Average Price/SqFt $305 $292 $286 $297 $308 $311 $309 $318 $320 $324 Average Price/SqFt
Days On Market 176 181 190 178 112 90 84 80 75 75 Days On Market
%Sale Price to List Price 94.2 94.3 94.4 96.0 96.7 97.0 97.0 97.4 97.2 96.9 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, SINGLE FAMILY HOMES * Homes sold for 2019 are annualized based on actual sales year-to-date.
NEW YORK CITY GATEWAYSINGLE FAMILY HOMES
NEW ROCHELLE
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
MOUNT VERNON 51 51 0% 139 124 12%
NEW ROCHELLE 109 125 -13% 249 268 -7%
PELHAM 48 38 26% 108 98 10%
YONKERS 145 185 -22% 374 427 -12%
NYC Gateway 353 399 -12% 870 917 -5%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
MOUNT VERNON NEW ROCHELLE
PELHAM YONKERS
HOMESSOLD
Q3- 2019 VS. Q3- 2018 12%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 0%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
MOUNT VERNON $475,000 $435,000 9% $449,900 $435,000 3%
NEW ROCHELLE $690,000 $720,000 -4% $685,000 $692,500 -1%
PELHAM $1,008,042 $913,250 10% $956,250 $919,750 4%
YONKERS $529,000 $520,000 2% $515,000 $510,000 1%
NYC Gateway $582,000 $580,000 0% $565,000 $560,000 1%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8
NEW YORK CITY GATEWAYSINGLE FAMILY HOMES
MOUNT VERNON, NEW ROCHELLE, PELHAM, YONKERSClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 9 21 0 10 27 0 -10.0% -22.2%
$300,000 -$399,999 21 52 0 45 32 1 -53.3% 62.5%
$400,000 - $499,999 76 48 2 69 58 1 10.1% -17.2%
$500,000 - $599,999 82 55 1 84 64 1 -2.4% -14.1%
$600,000 - $799,999 146 52 3 119 43 3 22.7% 20.9%
$800,000 - $999,999 66 15 4 56 25 2 17.9% -40.0%
$1,000,000 - $1,999,999 86 16 5 80 12 7 7.5% 33.3%
$2,000,000 and up 14 2 7 16 3 5 -12.5% -33.3%
Market Totals 500 261 2 479 264 2 4.4% -1.1%
*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 $572,784 $574,874 $539,314 $567,284 $596,011 $603,126 $604,355 $626,880 $643,804 $647,455 Average Sale Price
Average Price/SqFt $253 $245 $239 $253 $261 $266 $272 $281 $297 $303 Average Price/SqFt
Days On Market 178 180 197 182 113 90 81 79 67 65 Days On Market
%Sale Price to List Price 94.5 94.3 94.4 95.8 96.6 97.4 97.6 98.0 97.7 98.2 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8 * Homes sold for 2019 are annualized based on actual sales year-to-date.
LOWER WESTCHESTERSINGLE FAMILY HOMES
SCARSDALE
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
BRONXVILLE 26 16 63% 60 40 50%
EASTCHESTER 36 32 13% 83 86 -4%
EDGEMONT 24 49 -51% 53 76 -30%
SCARSDALE 100 89 12% 206 177 16%
TUCKAHOE 13 15 -13% 36 38 -5%
Lower Westchester 199 201 -1% 438 417 5%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BRONXVILLE EASTCHESTER
EDGEMONT SCARSDALE
TUCKAHOE
HOMESSOLD
Q3- 2019 VS. Q3- 2018 1%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 2%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
BRONXVILLE $1,860,000 $2,180,884 -15% $1,800,000 $2,030,000 -11%
EASTCHESTER $741,000 $763,500 -3% $725,000 $713,000 2%
EDGEMONT $1,097,812 $1,140,000 -4% $1,110,000 $1,120,000 -1%
SCARSDALE $1,463,000 $1,425,000 3% $1,400,000 $1,525,000 -8%
TUCKAHOE $995,000 $845,000 18% $805,000 $782,500 3%
Lower Westchester $1,260,000 $1,240,750 2% $1,185,000 $1,195,000 -1%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6
LOWER WESTCHESTERSINGLE FAMILY HOMES
BRONXVILLE, EASTCHESTER, EDGEMONT, SCARSDALE, TUCKAHOEClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 1 1 1 3 1 3 -66.7% 0.0%
$500,000 - $699,999 19 13 1 23 14 2 -17.4% -7.1%
$700,000 - $999,999 68 18 4 58 20 3 17.2% -10.0%
$1,000,000 - $1,499,999 58 25 2 77 10 8 -24.7% 150.0%
$1,500,000 - $1,999,999 44 9 5 46 8 6 -4.3% 12.5%
$2,000,000 - $2,499,999 30 7 4 17 3 6 76.5% 133.3%
$2,500,000 - $2,999,999 24 4 6 26 3 9 -7.7% 33.3%
$3,000,000 - $3,999,999 17 4 4 22 3 7 -22.7% 33.3%
$4,000,000 and up 29 7 4 25 4 6 16.0% 75.0%
Market Totals 290 88 3 297 66 5 -2.4% 33.3%
*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 $1,302,610 $1,282,116 $1,312,425 $1,263,156 $1,388,882 $1,406,473 $1,463,106 $1,505,917 $1,416,955 $1,393,228 Average Sale Price
Average Price/SqFt $411 $398 $402 $413 $443 $451 $442 $444 $439 $425 Average Price/SqFt
Days On Market 177 174 169 168 88 72 80 80 75 83 Days On Market
%Sale Price to List Price 94.6 95.0 96.0 96.3 97.7 97.6 96.4 96.9 96.1 95.7 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6 * Homes sold for 2019 are annualized based on actual sales year-to-date.
THE RIVERTOWNSSINGLE FAMILY HOMES
THE RIVERTOWNS
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
ARDSLEY 37 53 -30% 77 100 -23%
BRIARCLIFF MANOR 18 22 -18% 40 57 -30%
DOBBS FERRY 23 23 0% 50 56 -11%
ELMSFORD 16 25 -36% 50 45 11%
HASTINGS 23 29 -21% 54 57 -5%
IRVINGTON 33 21 57% 70 57 23%
MOUNT PLEASANT 33 34 -3% 80 83 -4%
OSSINING 51 67 -24% 136 162 -16%
PLEASANTVILLE 23 30 -23% 57 61 -7%
POCANTICO HILLS 6 2 200% 10 9 11%
TARRYTOWN 23 26 -12% 49 50 -2%
The Rivertowns 286 332 -14% 673 737 -9%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
ARDSLEY BRIARCLIFF MANORDOBBS FERRY ELMSFORDHASTINGS IRVINGTONMOUNT PLEASANT OSSININGPLEASANTVILLE POCANTICO HILLSTARRYTOWN
HOMESSOLD
Q3- 2019 VS. Q3- 2018 14%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 4%MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
ARDSLEY $772,500 $712,500 8% $753,000 $699,500 8%
BRIARCLIFF MANOR $975,000 $947,250 3% $892,500 $860,000 4%
DOBBS FERRY $810,000 $862,000 -6% $842,500 $792,500 6%
ELMSFORD $542,500 $480,000 13% $491,500 $485,000 1%
HASTINGS $750,000 $896,000 -16% $762,450 $895,000 -15%
IRVINGTON $930,000 $1,060,000 -12% $943,500 $1,085,000 -13%
MOUNT PLEASANT $565,000 $565,250 0% $577,499 $585,000 -1%
OSSINING $485,000 $479,000 1% $463,000 $451,250 3%
PLEASANTVILLE $627,500 $734,500 -15% $680,000 $730,000 -7%
POCANTICO HILLS $1,205,000 $1,472,500 -18% $657,500 $626,500 5%
TARRYTOWN $872,000 $699,000 25% $767,500 $696,000 10%
The Rivertowns $677,500 $650,000 4% $650,000 $650,000 0%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3
THE RIVERTOWNSSINGLE FAMILY HOMES
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 DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 5 3 2 8 7 1 -37.5% -57.1%
$300,000 -$399,999 24 15 2 31 17 2 -22.6% -11.8%
$400,000 - $499,999 46 36 1 47 21 2 -2.1% 71.4%
$500,000 - $599,999 61 29 2 60 27 2 1.7% 7.4%
$600,000 - $799,999 125 50 3 90 29 3 38.9% 72.4%
$800,000 - $999,999 93 18 5 84 26 3 10.7% -30.8%
$1,000,000 - $1,999,999 90 21 4 103 26 4 -12.6% -19.2%
$2,000,000 and up 30 2 15 35 4 9 -14.3% -50.0%
Market Totals 474 174 3 458 157 3 3.5% 10.8%
*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 $630,618 $620,144 $608,046 $664,832 $689,728 $692,908 $705,636 $740,944 $765,251 $739,177 Average Sale Price
Average Price/SqFt $281 $274 $264 $285 $294 $304 $308 $321 $323 $320 Average Price/SqFt
Days On Market 175 184 196 179 117 88 81 72 67 75 Days On Market
%Sale Price to List Price 94.7 95.1 95.3 97.5 98.2 97.6 98.7 98.9 100.3 97.7 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3 * Homes sold for 2019 are annualized based on actual sales year-to-date.
GREATER WHITE PLAINSSINGLE FAMILY HOMES
WHITE PLAINS
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
GREENBURGH 53 47 13% 115 127 -9%
VALHALLA 26 24 8% 56 51 10%
WHITE PLAINS 84 80 5% 169 196 -14%
Greater White Plains 163 151 8% 340 374 -9%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
GREENBURGH VALHALLA WHITE PLAINS
HOMESSOLD
Q3- 2019 VS. Q3- 2018 8%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 5%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
GREENBURGH $570,000 $545,000 5% $570,000 $535,000 7%
VALHALLA $607,750 $511,000 19% $589,250 $525,000 12%
WHITE PLAINS $680,000 $708,000 -4% $685,000 $730,000 -6%
Greater White Plains $640,000 $607,000 5% $625,000 $610,500 2%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4
GREATER WHITE PLAINSSINGLE FAMILY HOMES
GREENBURGH, VALHALLA, WHITE PLAINSClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 1 0 Not Valid 4 1 4 -75.0% -100.0%
$300,000 -$399,999 4 6 1 10 7 1 -60.0% -14.3%
$400,000 - $499,999 13 20 1 19 10 2 -31.6% 100.0%
$500,000 - $599,999 40 13 3 33 23 1 21.2% -43.5%
$600,000 - $799,999 64 26 2 62 24 3 3.2% 8.3%
$800,000 - $999,999 27 13 2 21 7 3 28.6% 85.7%
$1,000,000 - $1,999,999 27 5 5 21 7 3 28.6% -28.6%
$2,000,000 and up 0 0 0 0 0 0 0.0% 0.0%
Market Totals 176 83 2 170 79 2 3.5% 5.1%
*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 $578,480 $532,545 $563,760 $555,397 $594,770 $606,510 $593,753 $624,937 $650,930 $651,611 Average Sale Price
Average Price/SqFt $272 $258 $252 $264 $272 $284 $290 $300 $305 $307 Average Price/SqFt
Days On Market 166 173 193 175 105 79 80 64 63 67 Days On Market
%Sale Price to List Price 95.4 95.1 95.0 96.8 97.2 97.6 97.6 98.4 98.4 97.9 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4 * Homes sold for 2019 are annualized based on actual sales year-to-date.
THE SOUND SHORESINGLE FAMILY HOMES
THE SOUND SHORE
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
BLIND BROOK 45 37 22% 91 76 20%
HARRISON 49 54 -9% 124 138 -10%
MAMARONECK 99 80 24% 218 208 5%
PORT CHESTER 38 31 23% 85 76 12%
RYE CITY 67 48 40% 120 126 -5%
RYE NECK 27 25 8% 50 64 -22%
The Sound Shore 325 275 18% 688 688 0%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BLIND BROOK HARRISON
MAMARONECK PORT CHESTER
RYE CITY RYE NECK
HOMESSOLD
Q3- 2019 VS. Q3- 2018 18%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 0%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
BLIND BROOK $880,000 $955,000 -8% $930,000 $897,500 4%
HARRISON $1,300,000 $1,392,500 -7% $1,285,000 $1,397,500 -8%
MAMARONECK $1,263,000 $1,232,500 3% $1,170,500 $1,197,500 -2%
PORT CHESTER $522,500 $530,000 -1% $534,000 $507,450 5%
RYE CITY $2,080,000 $1,787,500 16% $1,898,750 $1,880,500 1%
RYE NECK $1,188,350 $934,000 27% $1,095,000 $998,000 10%
The Sound Shore $1,155,000 $1,150,000 0% $1,120,000 $1,150,000 -3%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5
THE SOUND SHORESINGLE FAMILY HOMES
BLIND BROOK, HARRISON, MAMARONECK, PORT CHESTER, RYE CITY, RYE NECKClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 15 14 1 19 13 1 -21.1% 7.7%
$500,000 - $699,999 41 18 2 51 20 3 -19.6% -10.0%
$700,000 - $999,999 69 24 3 72 22 3 -4.2% 9.1%
$1,000,000 - $1,499,999 84 32 3 89 18 5 -5.6% 77.8%
$1,500,000 - $1,999,999 70 11 6 63 23 3 11.1% -52.2%
$2,000,000 - $2,499,999 45 5 9 39 8 5 15.4% -37.5%
$2,500,000 - $2,999,999 29 4 7 38 5 8 -23.7% -20.0%
$3,000,000 - $3,999,999 22 7 3 40 7 6 -45.0% 0.0%
$4,000,000 and up 32 4 8 36 7 5 -11.1% -42.9%
Market Totals 407 119 3 447 123 4 -8.9% -3.3%
*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 $1,215,667 $1,262,051 $1,225,038 $1,271,109 $1,298,331 $1,367,114 $1,320,302 $1,353,465 $1,403,827 $1,375,803 Average Sale Price
Average Price/SqFt $398 $402 $392 $406 $418 $434 $431 $436 $430 $427 Average Price/SqFt
Days On Market 170 170 176 165 99 83 74 74 78 78 Days On Market
%Sale Price to List Price 93.7 94.1 93.9 96.1 96.9 96.4 96.7 97.1 95.7 96.4 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5 * Homes sold for 2019 are annualized based on actual sales year-to-date.
NORTHERN WESTCHESTERSINGLE FAMILY HOMES
BEDFORD
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
BEDFORD 71 66 8% 174 182 -4%
BYRAM HILLS 47 36 31% 115 96 20%
CHAPPAQUA 69 62 11% 147 152 -3%
KATONAH-LEWISBORO 68 62 10% 152 170 -11%
NORTH SALEM 17 14 21% 38 49 -22%
SOMERS 66 46 44% 138 120 15%
Northern Westchester 338 286 18% 764 769 -1%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BEDFORD BYRAM HILLS
CHAPPAQUA KATONAH–LEWISBORO
NORTH SALEM SOMERS
HOMESSOLD
Q3- 2019 VS. Q3- 2018 18%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 3%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
BEDFORD $715,000 $747,050 -4% $741,250 $775,000 -4%
BYRAM HILLS $941,000 $1,245,000 -24% $968,000 $1,076,250 -10%
CHAPPAQUA $944,000 $956,250 -1% $899,000 $932,500 -4%
KATONAH-LEWISBORO $700,500 $681,750 3% $640,000 $710,000 -10%
NORTH SALEM $515,000 $498,000 3% $528,500 $546,000 -3%
SOMERS $510,000 $549,750 -7% $522,500 $497,700 5%
Northern Westchester $737,500 $757,500 -3% $735,210 $757,750 -3%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2
NORTHERN WESTCHESTERSINGLE FAMILY HOMES
BEDFORD, BYRAM HILLS, CHAPPAQUA, KATONAH–LEWISBORO, NORTH SALEM, SOMERSClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $499,999 68 39 2 68 39 2 0.0% 0.0%
$500,000 - $699,999 134 57 2 145 44 3 -7.6% 29.5%
$700,000 - $999,999 224 46 5 211 40 5 6.2% 15.0%
$1,000,000 - $1,499,999 149 31 5 143 23 6 4.2% 34.8%
$1,500,000 - $1,999,999 68 11 6 93 10 9 -26.9% 10.0%
$2,000,000 - $2,499,999 49 3 16 46 2 23 6.5% 50.0%
$2,500,000 - $2,999,999 29 3 10 30 4 8 -3.3% -25.0%
$3,000,000 - $3,999,999 31 0 Not Valid 23 1 23 34.8% -100.0%
$4,000,000 and up 25 2 13 36 2 18 -30.6% 0.0%
Market Totals 777 192 4 795 165 5 -2.3% 16.4%
*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 $979,814 $939,854 $912,747 $929,282 $1,020,339 $901,858 $868,326 $910,798 $893,432 $886,838 Average Sale Price
Average Price/SqFt $299 $274 $267 $278 $284 $284 $277 $285 $277 $278 Average Price/SqFt
Days On Market 185 193 199 189 131 105 101 100 96 87 Days On Market
%Sale Price to List Price 93.6 93.2 92.8 94.7 94.8 96.1 95.8 96.0 96.0 95.6 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2 * Homes sold for 2019 are annualized based on actual sales year-to-date.
NORTHWEST WESTCHESTERSINGLE FAMILY HOMES
YORKTOWN
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
CROTON-HARMON 38 25 52% 80 58 38%
HENDRICK HUDSON 45 50 -10% 115 111 4%
LAKELAND 87 101 -14% 212 216 -2%
PEEKSKILL 27 40 -33% 73 105 -31%
YORKTOWN 64 54 19% 157 116 35%
Northwest Westchester 261 270 -3% 637 606 5%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
CROTON–HARMON HENDRICK HUDSON
LAKELAND PEEKSKILL
YORKTOWN
HOMESSOLD
Q3- 2019 VS. Q3- 2018 3%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 11%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
CROTON-HARMON $596,000 $645,000 -8% $587,450 $640,500 -8%
HENDRICK HUDSON $545,000 $480,000 14% $522,000 $470,000 11%
LAKELAND $435,000 $395,000 10% $410,000 $395,000 4%
PEEKSKILL $328,400 $360,000 -9% $340,000 $320,000 6%
YORKTOWN $542,500 $494,500 10% $527,500 $478,000 10%
Northwest Westchester $480,000 $432,250 11% $457,800 $420,000 9%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1
NORTHWEST WESTCHESTERSINGLE FAMILY HOMES
CROTON–HARMON, HENDRICK HUDSON, LAKELAND, PEEKSKILL, YORKTOWNClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 36 20 2 44 32 1 -18.2% -37.5%
$300,000 -$399,999 55 47 1 64 34 2 -14.1% 38.2%
$400,000 - $499,999 70 46 2 52 47 1 34.6% -2.1%
$500,000 - $599,999 40 25 2 60 26 2 -33.3% -3.8%
$600,000 - $799,999 67 27 2 72 34 2 -6.9% -20.6%
$800,000 - $999,999 26 8 3 30 2 15 -13.3% 300.0%
$1,000,000 - $1,999,999 14 1 14 23 4 6 -39.1% -75.0%
$2,000,000 and up 1 0 Not Valid 5 1 5 -80.0% -100.0%
Market Totals 309 174 2 350 180 2 -11.7% -3.3%
*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 $421,273 $395,090 $394,377 $398,011 $421,695 $431,339 $419,267 $441,752 $456,746 $488,357 Average Sale Price
Average Price/SqFt $207 $195 $187 $194 $202 $208 $210 $221 $229 $240 Average Price/SqFt
Days On Market 178 186 193 183 118 99 89 77 72 71 Days On Market
%Sale Price to List Price 94.9 94.8 94.9 96.5 96.2 97.7 98.2 98.8 98.9 98.9 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1 * Homes sold for 2019 are annualized based on actual sales year-to-date.
WESTCHESTER COUNTYCONDOMINIUMS
QUARTERLY MARKET OVERVIEW Q3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
UNITS SOLD 414 401 3.2% 1019 997 2.2%
AVERAGE SALE PRICE $467,395 $456,309 2.4% $461,419 $436,642 5.7%
MEDIAN SALE PRICE $399,750 $392,000 2.0% $390,000 $375,000 4.0%
AVERAGE PRICE PER SQUARE FOOT $337 $328 2.7% $339 $324 4.6%
AVERAGE DAYS ON MARKET 60 59 1.7% 67 66 1.5%
% SALE PRICE TO LIST PRICE 98.0 98.4 -0.4% 97.5 98.0 -0.5%
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 67 48 1 84 61 1 -20.2% -21.3%
$300,000 -$399,999 89 64 1 74 63 1 20.3% 1.6%
$400,000 - $499,999 80 35 2 69 31 2 15.9% 12.9%
$500,000 - $599,999 44 13 3 39 18 2 12.8% -27.8%
$600,000 - $799,999 68 29 2 43 21 2 58.1% 38.1%
$800,000 - $999,999 22 10 2 30 10 3 -26.7% 0.0%
$1,000,000 - $1,999,999 55 26 2 40 18 2 37.5% 44.4%
$2,000,000 and up 19 1 19 13 1 13 46.2% 0.0%
Market Totals 444 226 2 392 223 2 13.3% 1.3%*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 $400,599 $411,994 $371,630 $397,179 $423,000 $428,530 $422,642 $443,221 $442,707 $461,419 Average Sale Price
Average Price/SqFt $286 $277 $262 $276 $288 $300 $309 $314 $324 $339 Average Price/SqFt
Days On Market 180 180 187 168 104 85 78 68 67 67 Days On Market
%Sale Price to List Price 94.8 94.2 94.9 96.4 96.8 97.3 97.4 97.8 97.8 97.5 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Condominiums * Homes sold for 2019 are annualized based on actual sales year-to-date.
WESTCHESTER COUNTYCO-OPERATIVES
QUARTERLY MARKET OVERVIEW Q3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
UNITS SOLD 455 545 -16.5% 1397 1470 -5.0%
AVERAGE SALE PRICE $212,250 $205,791 3.1% $208,010 $200,200 3.9%
MEDIAN SALE PRICE $180,000 $170,000 5.9% $177,500 $165,000 7.6%
AVERAGE PRICE PER SQUARE FOOT $220 $208 5.8% $214 $203 5.4%
AVERAGE DAYS ON MARKET 57 67 -14.9% 69 79 -12.7%
% SALE PRICE TO LIST PRICE 98.5 98.0 0.5% 98.0 97.9 0.1%
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 411 460 1 436 501 1 -5.7% -8.2%
$300,000 -$399,999 53 27 2 60 44 1 -11.7% -38.6%
$400,000 - $499,999 16 8 2 16 6 3 0.0% 33.3%
$500,000 - $599,999 16 5 3 9 4 2 77.8% 25.0%
$600,000 - $799,999 18 4 5 12 4 3 50.0% 0.0%
$800,000 - $999,999 6 1 6 6 2 3 0.0% -50.0%
$1,000,000 - $1,999,999 4 1 4 9 1 9 -55.6% 0.0%
$2,000,000 and up 0 0 0 9 0 Not Valid -100.0% 0.0%
Market Totals 524 506 1 557 562 1 -5.9% -10.0%*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 $195,024 $185,347 $178,012 $188,081 $179,697 $179,351 $185,777 $187,907 $198,839 $208,010 Average Sale Price
Average Price/SqFt $197 $185 $174 $181 $174 $179 $188 $193 $204 $214 Average Price/SqFt
Days On Market 207 212 220 219 151 115 94 85 77 69 Days On Market
%Sale Price to List Price 93.8 93.6 94.0 94.8 95.5 96.1 96.8 97.5 97.9 98.0 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Co-Operatives * Homes sold for 2019 are annualized based on actual sales year-to-date.
PUTNAM COUNTYSINGLE FAMILY HOMES
BREWSTER-MAHOPAC
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HOMES SOLD
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
BREWSTER 58 56 4% 130 141 -8%
CARMEL 84 81 4% 219 216 1%
GARRISON 9 11 -18% 27 25 8%
HALDANE 20 21 -5% 39 45 -13%
LAKELAND 20 12 67% 43 28 54%
MAHOPAC 87 79 10% 208 212 -2%
PUTNAM VALLEY 34 35 -3% 88 84 5%
Putnam County 312 295 6% 754 751 0%
CLICK ON A SCHOOL DISTRICT FOR THELATEST MONTHLY MARKET REPORT.
BREWSTER CARMELGARRISON HALDANELAKELAND MAHOPACPUTNAM VALLEY
HOMESSOLD
Q3- 2019 VS. Q3- 2018 6%MEDIANSALE PRICE
Q3- 2019 VS. Q3- 2018 3%
MEDIAN SALE PRICE
SCHOOL DISTRICTQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
BREWSTER $345,000 $315,000 10% $333,500 $312,500 7%
CARMEL $332,528 $310,000 7% $315,000 $302,500 4%
GARRISON $512,000 $715,000 -28% $550,000 $710,000 -23%
HALDANE $441,250 $525,000 -16% $497,000 $520,000 -4%
LAKELAND $394,500 $414,500 -5% $389,500 $373,750 4%
MAHOPAC $430,000 $400,000 8% $408,950 $389,950 5%
PUTNAM VALLEY $368,500 $327,500 13% $322,500 $313,625 3%
Putnam County $371,750 $360,000 3% $360,000 $345,000 4%
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9
PUTNAM COUNTYSINGLE FAMILY HOMES
BREWSTER, CARMEL, GARRISON, HALDANE, LAKELAND, MAHOPAC, PUTNAM VALLEYClick on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 135 65 2 119 60 2 13.4% 8.3%
$300,000 -$399,999 126 68 2 109 71 2 15.6% -4.2%
$400,000 - $499,999 100 42 2 107 38 3 -6.5% 10.5%
$500,000 - $599,999 71 23 3 74 31 2 -4.1% -25.8%
$600,000 - $799,999 79 11 7 75 14 5 5.3% -21.4%
$800,000 - $999,999 41 4 10 30 4 8 36.7% 0.0%
$1,000,000 - $1,999,999 27 3 9 32 0 Not Valid -15.6% 0.0%
$2,000,000 and up 21 0 Not Valid 18 1 18 16.7% -100.0%
Market Totals 600 216 3 564 219 3 6.4% -1.4%
*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 $356,730 $372,783 $350,828 $359,387 $366,901 $356,361 $362,379 $368,414 $390,927 $383,968 Average Sale Price
Average Price/SqFt $176 $178 $169 $173 $175 $174 $177 $183 $195 $198 Average Price/SqFt
Days On Market 206 211 212 220 151 128 116 103 90 79 Days On Market
%Sale Price to List Price 94.3 93.7 94.0 94.6 94.9 95.8 96.4 96.7 97.4 97.3 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9 * Homes sold for 2019 are annualized based on actual sales year-to-date.
PUTNAM COUNTYCONDOMINIUMS
QUARTERLY MARKET OVERVIEW Q3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
UNITS SOLD 39 41 -4.9% 88 107 -17.8%
AVERAGE SALE PRICE $272,035 $270,613 0.5% $248,359 $270,226 -8.1%
MEDIAN SALE PRICE $255,000 $237,500 7.4% $235,500 $239,000 -1.5%
AVERAGE PRICE PER SQUARE FOOT $184 $192 -4.2% $185 $188 -1.6%
AVERAGE DAYS ON MARKET 74 91 -18.7% 64 75 -14.7%
% SALE PRICE TO LIST PRICE 98.1 98.4 -0.3% 98.2 98.3 -0.1%
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 35 15 2 19 13 1 84.2% 15.4%
$300,000 -$399,999 14 11 1 13 7 2 7.7% 57.1%
$400,000 - $499,999 1 2 1 1 1 1 0.0% 100.0%
$500,000 - $599,999 1 0 Not Valid 4 2 2 -75.0% -100.0%
$600,000 - $799,999 1 1 1 1 0 Not Valid 0.0% 0.0%
$800,000 - $999,999 0 0 0 1 0 Not Valid -100.0% 0.0%
$1,000,000 - $1,999,999 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%
$2,000,000 and up 0 0 0 1 0 Not Valid -100.0% 0.0%
Market Totals 54 29 2 41 23 2 31.7% 26.1%*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 $248,143 $266,995 $231,039 $229,906 $254,240 $279,172 $246,529 $241,929 $276,336 $248,359 Average Sale Price
Average Price/SqFt $174 $169 $155 $158 $163 $176 $166 $168 $194 $185 Average Price/SqFt
Days On Market 190 186 252 249 137 117 115 83 76 64 Days On Market
%Sale Price to List Price 94.8 95.0 94.7 95.8 95.8 97.0 97.4 96.9 98.4 98.2 %Sale Price to List Price
Source: Hudson Gateway Multiple Listing Service, Condominiums * Homes sold for 2019 are annualized based on actual sales year-to-date.
DUTCHESS COUNTYSINGLE FAMILY HOMES
QUARTERLY MARKET OVERVIEW Q3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
HOMES SOLD 700 721 -2.9% 1761 1826 -3.6%
AVERAGE SALE PRICE $338,972 $322,007 5.3% $334,409 $327,586 2.1%
MEDIAN SALE PRICE $315,000 $296,450 6.3% $296,000 $280,000 5.7%
AVERAGE PRICE PER SQUARE FOOT $167 $153 9.2% $176 $155 13.5%
% SALE PRICE TO LIST PRICE 97.5 98.0 -0.5% 96.9 97.4 -0.5%
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 443 270 2 516 269 2 -14.1% 0.4%
$300,000 -$399,999 263 148 2 286 117 2 -8.0% 26.5%
$400,000 - $499,999 183 98 2 145 65 2 26.2% 50.8%
$500,000 - $599,999 128 47 3 108 65 2 18.5% -27.7%
$600,000 - $799,999 130 29 4 110 22 5 18.2% 31.8%
$800,000 - $999,999 50 6 8 67 6 11 -25.4% 0.0%
$1,000,000 - $1,999,999 78 8 10 67 4 17 16.4% 100.0%
$2,000,000 and up 52 1 52 52 4 13 0.0% -75.0%
Market Totals 1327 607 2 1351 552 2 -1.8% 10.0%*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 $307,938 $311,856 $291,761 $296,375 $287,420 $282,862 $286,860 $298,238 $331,954 $334,409 Average Sale Price
Average Price/SqFt $147 $140 $136 $137 $135 $133 $170 $146 $156 $176 Average Price/SqFt
Days On Market 172 186 190 180 171 171 173 156 149 143 Days On Market
%Sale Price to List Price 94.0 92.0 93.6 94.3 93.7 94.9 96.1 96.8 97.2 96.9 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2019 are annualized based on actual sales year-to-date.
SOUTHWEST DUTCHESSSINGLE FAMILY HOMES
POUGHKEEPSIE AREA
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HOMES SOLD
TOWN/CITYQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
BEACON 34 29 17% 99 84 18%
EAST FISHKILL 98 109 -10% 219 264 -17%
FISHKILL 32 27 19% 92 72 28%
LA GRANGE 50 46 9% 136 137 -1%
POUGHKEEPSIE 125 131 -5% 296 325 -9%
CITY OF POUGHKEEPSIE 40 38 5% 102 89 15%
WAPPINGER 57 62 -8% 138 154 -10%
Southwest Dutchess 436 442 -1% 1082 1125 -4%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
BEACON EAST FISHKILLFISHKILL LA GRANGEPOUGHKEEPSIE CITY OF POUGHKEEPSIEWAPPINGER
HOMESSOLD
Q3- 2019 VS. Q3- 2018 1%AVERAGESALE PRICE
Q3- 2019 VS. Q3- 2018 5%
AVERAGE SALE PRICE
TOWN/CITYQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
BEACON $337,450 $338,000 0% $335,000 $346,250 -3%
EAST FISHKILL $400,000 $381,700 5% $384,190 $381,350 1%
FISHKILL $332,000 $325,000 2% $329,750 $286,000 15%
LA GRANGE $333,250 $348,110 -4% $325,000 $311,000 5%
POUGHKEEPSIE $273,000 $260,000 5% $258,000 $238,000 8%
CITY OF POUGHKEEPSIE $200,000 $207,500 -4% $203,750 $189,900 7%
WAPPINGER $335,000 $320,000 5% $315,000 $302,500 4%
Southwest Dutchess $324,700 $310,500 5% $305,000 $286,000 7%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
SOUTHWEST DUTCHESSSINGLE FAMILY HOMES
BEACON, EAST FISHKILL, FISHKILL, LA GRANGE, POUGHKEEPSIE, CITY OF POUGHKEEPSIE, WAPPINGERClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 205 148 1 256 160 2 -19.9% -7.5%
$300,000 -$399,999 154 104 1 156 86 2 -1.3% 20.9%
$400,000 - $499,999 113 73 2 69 48 1 63.8% 52.1%
$500,000 - $599,999 61 36 2 58 52 1 5.2% -30.8%
$600,000 - $799,999 44 24 2 46 10 5 -4.3% 140.0%
$800,000 - $999,999 12 3 4 17 2 9 -29.4% 50.0%
$1,000,000 - $1,999,999 11 0 Not Valid 1 0 Not Valid 1000.0% 0.0%
$2,000,000 and up 3 0 Not Valid 2 0 Not Valid 50.0% 0.0%
Market Totals 603 388 2 605 358 2 -0.3% 8.4%
*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 $292,581 $272,363 $268,696 $274,415 $273,954 $272,557 $286,668 $294,915 $325,868 $331,949 Average Sale Price
Average Price/SqFt $142 $134 $127 $134 $133 $131 $142 $147 $156 $167 Average Price/SqFt
Days On Market 165 183 178 180 167 164 167 152 145 139 Days On Market
%Sale Price to List Price 95.4 95.3 95.3 96.4 96.2 96.5 97.9 98.2 99.0 98.2 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2019 are annualized based on actual sales year-to-date.
SOUTHEAST DUTCHESSSINGLE FAMILY HOMES
DUTCHESS COUNTY
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HOMES SOLD
TOWN/CITYQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
BEEKMAN 38 22 73% 83 69 20%
DOVER 16 18 -11% 39 51 -24%
PAWLING 13 18 -28% 38 43 -12%
UNION VALE 16 16 0% 39 40 -3%
Southeast Dutchess 83 74 12% 199 203 -2%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
BEEKMAN DOVER
PAWLING UNION VALE
HOMESSOLD
Q3- 2019 VS. Q3- 2018 12%AVERAGESALE PRICE
Q3- 2019 VS. Q3- 2018 16%
AVERAGE SALE PRICE
TOWN/CITYQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
BEEKMAN $369,500 $283,750 30% $355,000 $325,000 9%
DOVER $263,500 $189,500 39% $230,000 $215,000 7%
PAWLING $317,500 $357,750 -11% $316,250 $315,000 0%
UNION VALE $358,500 $386,000 -7% $350,000 $320,000 9%
Southeast Dutchess $338,000 $292,250 16% $320,000 $290,000 10%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
SOUTHEAST DUTCHESSSINGLE FAMILY HOMES
BEEKMAN, DOVER, PAWLING, UNION VALEClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 49 45 1 55 37 1 -10.9% 21.6%
$300,000 -$399,999 31 16 2 49 9 5 -36.7% 77.8%
$400,000 - $499,999 17 12 1 24 6 4 -29.2% 100.0%
$500,000 - $599,999 22 5 4 23 6 4 -4.3% -16.7%
$600,000 - $799,999 27 2 14 18 5 4 50.0% -60.0%
$800,000 - $999,999 7 0 Not Valid 10 1 10 -30.0% -100.0%
$1,000,000 - $1,999,999 11 0 Not Valid 7 0 Not Valid 57.1% 0.0%
$2,000,000 and up 5 0 Not Valid 8 0 Not Valid -37.5% 0.0%
Market Totals 169 80 2 194 64 3 -12.9% 25.0%
*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 $339,438 $316,494 $304,702 $324,952 $300,036 $300,184 $290,273 $305,199 $310,168 $352,642 Average Sale Price
Average Price/SqFt $154 $133 $135 $143 $131 $134 $130 $134 $157 $156 Average Price/SqFt
Days On Market 189 219 216 188 176 195 186 166 156 146 Days On Market
%Sale Price to List Price 94.2 93.7 96.0 93.7 95.4 94.1 94.4 95.9 96.3 95.4 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2019 are annualized based on actual sales year-to-date.
NORTHWEST DUTCHESSSINGLE FAMILY HOMES
DUTCHESS COUNTY
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HOMES SOLD
TOWN/CITYQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
CLINTON 7 20 -65% 38 46 -17%
HYDE PARK 45 57 -21% 115 130 -12%
MILAN 9 7 29% 25 19 32%
PLEASANT VALLEY 28 30 -7% 63 73 -14%
RED HOOK 23 18 28% 62 43 44%
RHINEBECK 22 18 22% 48 42 14%
Northwest Dutchess 134 150 -11% 351 353 -1%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
CLINTON HYDE PARK
MILAN PLEASANT VALLEY
RED HOOK RHINEBECK
HOMESSOLD
Q3- 2019 VS. Q3- 2018 11%AVERAGESALE PRICE
Q3- 2019 VS. Q3- 2018 0%
AVERAGE SALE PRICE
TOWN/CITYQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
CLINTON $281,000 $358,750 -22% $338,950 $340,000 0%
HYDE PARK $216,300 $207,000 5% $216,300 $200,000 8%
MILAN $370,000 $450,000 -18% $412,500 $359,900 15%
PLEASANT VALLEY $273,800 $329,535 -17% $259,000 $255,000 2%
RED HOOK $270,000 $337,500 -20% $261,827 $325,000 -19%
RHINEBECK $496,150 $405,000 23% $454,500 $430,000 6%
Northwest Dutchess $280,500 $279,950 0% $270,000 $264,900 2%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
NORTHWEST DUTCHESSSINGLE FAMILY HOMES
CLINTON, HYDE PARK, MILAN, PLEASANT VALLEY, RED HOOK, RHINEBECKClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 121 55 2 128 49 3 -5.5% 12.2%
$300,000 -$399,999 53 23 2 52 14 4 1.9% 64.3%
$400,000 - $499,999 34 10 3 39 9 4 -12.8% 11.1%
$500,000 - $599,999 31 4 8 19 6 3 63.2% -33.3%
$600,000 - $799,999 35 2 18 29 7 4 20.7% -71.4%
$800,000 - $999,999 24 1 24 25 1 25 -4.0% 0.0%
$1,000,000 - $1,999,999 32 5 6 30 3 10 6.7% 66.7%
$2,000,000 and up 16 1 16 17 1 17 -5.9% 0.0%
Market Totals 346 101 3 339 90 4 2.1% 12.2%
*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 $308,343 $292,439 $298,652 $297,016 $305,623 $279,185 $279,891 $303,836 $342,739 $342,482 Average Sale Price
Average Price/SqFt $151 $145 $140 $138 $144 $132 $137 $150 $158 $165 Average Price/SqFt
Days On Market 167 175 199 180 177 169 164 151 146 143 Days On Market
%Sale Price to List Price 92.8 92.9 90.9 93.6 93.2 94.1 94.9 96.1 95.9 96.5 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2019 are annualized based on actual sales year-to-date.
NORTHEAST DUTCHESSSINGLE FAMILY HOMES
DUTCHESS COUNTY
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HOMES SOLD
TOWN/CITYQ3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
AMENIA 6 7 -14% 20 19 5%
NORTH EAST 7 6 17% 13 12 8%
PINE PLAINS 6 4 50% 18 10 80%
STANFORD 9 11 -18% 24 29 -17%
WASHINGTON 11 15 -27% 21 36 -42%
Northeast Dutchess 39 43 -9% 96 106 -9%
CLICK TO OBTAIN A SPECIFICTOWN/CITY MONTHLY MARKET REPORT.
AMENIA NORTH EAST
PINE PLAINS STANFORD
WASHINGTON
HOMESSOLD
Q3- 2019 VS. Q3- 2018 9%AVERAGESALE PRICE
Q3- 2019 VS. Q3- 2018 6%
AVERAGE SALE PRICE
TOWN/CITYQ3
2019Q3
2018%
CHANGE YTD2019
YTD2018
%CHANGE
AMENIA $241,500 $211,500 14% $239,000 $184,200 30%
NORTH EAST $295,000 $282,500 4% $271,000 $265,000 2%
PINE PLAINS $217,500 $300,000 -28% $233,250 $300,000 -22%
STANFORD $311,000 $340,000 -9% $300,500 $280,000 7%
WASHINGTON $285,000 $370,000 -23% $370,000 $482,031 -23%
Northeast Dutchess $269,000 $285,000 -6% $282,500 $282,500 0%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
NORTHEAST DUTCHESSSINGLE FAMILY HOMES
AMENIA, NORTH EAST, PINE PLAINS, STANFORD, WASHINGTONClick to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 57 19 3 60 15 4 -5.0% 26.7%
$300,000 -$399,999 21 4 5 22 4 6 -4.5% 0.0%
$400,000 - $499,999 13 2 7 12 0 Not Valid 8.3% 0.0%
$500,000 - $599,999 13 1 13 8 1 8 62.5% 0.0%
$600,000 - $799,999 22 1 22 15 0 Not Valid 46.7% 0.0%
$800,000 - $999,999 7 2 4 15 2 8 -53.3% 0.0%
$1,000,000 - $1,999,999 23 3 8 28 1 28 -17.9% 200.0%
$2,000,000 and up 28 0 Not Valid 25 3 8 12.0% -100.0%
Market Totals 184 32 6 185 26 7 -0.5% 23.1%
*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 $520,955 $1,012,500 $591,015 $567,693 $463,158 $472,708 $439,423 $430,139 $553,985 $442,969 Average Sale Price
Average Price/SqFt $204 $252 $226 $190 $167 $185 $166 $201 $197 $183 Average Price/SqFt
Days On Market 219 234 241 197 208 212 212 193 198 193 Days On Market
%Sale Price to List Price 88.9 80.9 90.5 87.9 80.5 88.9 91.3 92.6 92.0 90.9 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes. * Homes sold for 2019 are annualized based on actual sales year-to-date.
DUTCHESS COUNTYCONDOMINIUMS
QUARTERLY MARKET OVERVIEW Q3
2019Q3
2018%
CHANGEYTD2019
YTD2018
%CHANGE
UNITS SOLD 128 149 -14.1% 390 392 -0.5%
AVERAGE SALE PRICE $235,534 $229,243 2.7% $220,202 $210,454 4.6%
MEDIAN SALE PRICE $214,450 $228,000 -5.9% $195,000 $184,950 5.4%
AVERAGE PRICE PER SQUARE FOOT $159 $152 4.6% $153 $144 6.3%
AVERAGE DAYS ON MARKET 124 160 -22.5% 147 156 -5.8%
% SALE PRICE TO LIST PRICE 98.6 99.3 -0.7% 98.3 98.6 -0.3%
SUPPLY DEMAND ANALYSISAS OF SEPTEMBER 30, 2019 AS OF SEPTEMBER 30, 2018 2019 vs. 2018
PRICE RANGESUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
SUPPLY:ACTIVELISTINGS
DEMAND:PENDINGSALES
SUPPLY/DEMANDRATIO*
%CHANGE INLISTINGS
%CHANGE INPENDINGS
$0 - $299,999 99 86 1 92 99 1 7.6% -13.1%
$300,000 -$399,999 31 29 1 26 22 1 19.2% 31.8%
$400,000 - $499,999 34 13 3 13 9 1 161.5% 44.4%
$500,000 - $599,999 6 2 3 4 0 Not Valid 50.0% 0.0%
$600,000 - $799,999 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%
$800,000 - $999,999 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%
$1,000,000 - $1,999,999 1 0 Not Valid 1 0 Not Valid 0.0% 0.0%
$2,000,000 and up 0 0 0 0 0 0 0.0% 0.0%
Market Totals 175 130 1 138 130 1 26.8% 0.0%*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 $202,319 $199,877 $192,054 $205,732 $205,677 $191,248 $196,896 $195,776 $208,519 $220,202 Average Sale Price
Average Price/SqFt $146 $135 $134 $142 $135 $132 $681 $139 $146 $153 Average Price/SqFt
Days On Market 163 209 209 209 178 174 159 137 149 147 Days On Market
%Sale Price to List Price 95.1 95.5 95.5 96.7 97.3 96.8 97.5 96.4 98.5 98.3 %Sale Price to List Price
Source: Mid-Hudson Multiple Listing Service, Residential-attached homes. * Homes sold for 2019 are annualized based on actual sales year-to-date.
Giving back to the communities we serve is a privilege that comes with The Power of
Leadership. For over twenty years, Houlihan Lawrence has been committed to supporting
Breast Cancer Awareness Month.
This year, we’re raising the bar on our largest philanthropic effort and hope to surpass the
$100,000 we’ve raised in prior years.
Join us for the walk this month.
H O U LI H A N L AW R E N C E . TH E P OW E R O F L E A D E R S H I P.
MAKING STRIDES AGAINST BREAST CANCER WALK
Manhattanville College Purchase, NY
October 20, 2019
DONATE: hlre.co/HLmakingstrides
4 GLOBAL NETWORKS – REACHING 56 COUNTRIES & 6 CONTINENTS
Christie’s International Real EstateLeading Real Estates Companies of the World | Luxury Portfolio International
Mayfair International Realty | Board of Regents Luxury Real Estate