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[More Pacing] 3Q 2012 Westchester & Putnam Report

[1]

We just published our report on the Manhattan rental market for 3Q 2012 [1].   This is part of an evolving market report series I’ve been writing for Douglas Elliman [2] since 1994.

Key Points

WESTCHESTER

PUTNAM

Here’s an excerpt from the report:

…The third quarter was marked by a surge in sales, and fewer properties available for sale. Falling mortgage rates brought first time buyers into the market, as evidenced by a decline in the average size of a property sold. This also resulted in all price indicators falling below year-ago levels. The median sales price of a Westchester property in the third quarter was $490,000, 1.1% below $495,625 in the prior year quarter. Average sales price and average price per square foot followed the same pattern; the average square footage of sold property was 2,322 square feet, down 1.7% from 2,361 in the prior year quarter…

You can build your own custom data tables [3] on the Westchester & Putnam market – now updated with 3Q 12 data. I’ll have the newly created chart section for Westchester & Putnam uploaded soon (I know I said this last quarter as well!) and add the link here when I do – it’ll be an evolving series.




The Elliman Report: 3Q 2012 Westchester & Putnam Sales [Miller Samuel [1]]
The Elliman Report: 2Q 2012 Westchester & Putnam Sales [Prudential Douglas Elliman [4]]