Berkshire Hathaway HomeServices Westchester Properties Releases Second Quarter Westchester Market Report for 2017
Wallingford, CT – Berkshire Hathaway HomeServices Westchester Properties has released the Second Quarter 2017 Westchester Market Report, a valuable resource for anyone looking to buy or sell a home. The report examines the single family and condominium markets throughout Westchester and is an in-depth analysis of sales and emerging trends in the market.
Year over year, Westchester County had a 5.2% increase in volume. Single family homes saw the largest gains in pricing, with average price rising to $904,206. Condominiums had decreases in both number of sales (6.1%) and average price (26.3%) while pricing for cooperatives remained flat but saw an 12.9% uptick in number of sales to 525.
Although inventory is down in Westchester County for single family homes and condominiums, there continues to be strong demand for upgraded homes close to city centers. The problem is that first time homebuyers, those downsizing and investors alike are all interested in similar inventory which is driving average price up and days on market down. Homes that do not have buyer activity are likely overpriced and sellers should consider viewing competitor home finishes, upkeep and location as the true comparison and not just the numbers of beds and baths.
According to the latest Berkshire Hathaway HomeServices Sentiment Survey released in May; large, walk-in closets topped the list of home amenities sought by current and prospective homeowners, ahead of patios/balconies and hardwood floors. Respondents cited energy efficient appliances and smart-home features such as learning thermostats and automated lighting as the most important trends in home interior design.
For the full market report, please visit: https://issuu.com/bhhsnewenglandproperties/docs/2017q2-westchester
If you have any questions regarding this report, Berkshire Hathaway HomeServices Westchester Properties sales executives are here to help you navigate the current market with expert knowledge and exceptional service.
Berkshire Hathaway HomeServices New England, New York and Westchester Properties is a leading real estate brokerage firm with over 1,800 REALTORS® in Connecticut, Massachusetts, New York and Rhode Island. Share in our heritage and esteemed reputation as one of the most admired and respected companies in the world. By working with Berkshire Hathaway HomeServices New England, New York and Westchester Properties, our clients are aligned with a century of unparalleled financial strength, operational excellence and business ethics. For more information, visit www.bhhsWestchester.com.
For more information contact:
Melissa Sauer, Marketing Coordinator