Berkshire Hathaway HomeServices Westchester Properties Releases 2017 Fourth Quarter Westchester Market Report
Wallingford, CT – Berkshire Hathaway HomeServices Westchester Properties has released the Fourth 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 County and is an in-depth analysis of sales and emerging trends in the market.
Westchester County sales were down by 1.34% in the fourth quarter, however, average price increased by 5.76% to $619,206. Median sales price for single family homes and condominiums were up by 6.00% and cooperative pricing remained flat year over year. Luxury home sales- those prices over $2 million- increased by 9.21% to 76 total sales when compared to 2016’s fourth quarter.
The most significant issue sellers and buyers need to be aware of is the new tax bill. It is too early to tell how it is going to impact the state of New York but it will be a variable for the housing market in 2018. Regardless of the implications, move-in ready homes and those within walking distance to shops and restaurants will remain front runners in the 2018 market.
For the full market report, please visit: https://www.bhhsneproperties.com/mce/prj/bne/Graphs/qr/preview/NY_Westchester_ALL.htm
At Berkshire Hathaway HomeServices Westchester Properties, our mission is to provide an unparalleled customer service experience throughout all aspects of the home transaction process. If you have any questions regarding this report, Berkshire Hathaway HomeServices Westchester Properties Realtors® 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.bhhsNEproperties.com.