In some parts of Yorktown, prices and home sales are up, while in other areas, the prices and number of sales are down.
As a resident of Yorktown and the Broker/Owner of Century 21 North Star Realty, I thought you'd like to know the true facts!
Yorktown Heights
Number of Sales in 2011: 147 (up 6% over 2010)
Median Sales Price in 2011: $397,000 (down 3% over 2010)
Days From Listing to closing: 141 (down 11% over 2010)
Mohegan Lake
Number of Sales in 2011: 25 (down 16% over 2010)
Median Sales Price in 2011: $300,000 (down 21.7% over 2010)
Days from Listing To Closing: 209 (up 36% over 2010)
Shrub Oak
Number of Sales in 2011: 12 (down 16.7% over 2010)
Median Sales Price in 2011: $325,000 (up 1.9% over 2010)
Days from Listing to Closing: 145 (down 2.8% over 2010)
Jefferson Valley
Number of Sales in 2011: 2 (up 100% over 2010)
Average Sales Price in 2011: $230,750 (stats not significant due to smal number of sales)
Days from Listiing to Closing: 197 (stats not significant due to small number of sales)
What's Selling?
Homes that are updated. So, if you currently own a home, plan a project to update your home each year. You can always call me to learn which improvements bring you the biggest profit when selling, but sometimes, just a fresh coat of paint will make you feel like you've got a new home without moving!
Buyers are shopping via the internet for their next home.
Shopping for a home is similar to internet dating. If the house doesn't look good on the web, it's usually passed over.
Does It Really Take Months and Months To Sell?
No.
Many homeowners need to clear a certain amount; others haven't quite adjusted to the fact that their home is worth less. So, many homeowners chase the market down by dropping the price.
It's my personal opinion that had these homeowners priced it right from the beginning, they would have netted more money!
If the house is priced right, the house usually gets an offer within 4 weeks of listing (or sooner). The closing takes place about 6 weeks later if the buyer needs to secure financing!
Predictions for 2012...
There are currently less available homes in Yorktown. Historically, when that's happened in years prior, it usually indicates that the prices are starting to edge up.
Have a question about the market? Email me. I'll be glad to include it in my next blog post!
