Houlihan Lawrence Q4-2012 Market Report
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Transcript of Houlihan Lawrence Q4-2012 Market Report
Houlihan LawrenceQ4–2012 Market Report
HoulihanLawrence.com
Presented by
Chris Meyers
Houlihan Lawrence
Chief Operating Officer
Q4–2012houlihanlawrence.com
Q4-2012 Executive Summary January, 2013 The local real estate market finished 2012 with a bang marked by the record-breaking sale of Devonshire in Bedford Corners, the first brokered property sale in Westchester to exceed $21 million. Closing on December 24th, this historic transaction punctuated the most active quarter in our market since 2006. As home sales increased sharply across most of the region in Q4, median sale prices increased by 3.8%. Westchester enjoyed strong gains in Q4 and the highest number of Q4 home sales since 2006: single-family home sales increased to 1,041 in Q4-2012, a 30% gain from Q4-2011, while condo and coop sales were up 44% and 16% respectively in Q4-2012 compared to Q4-2011. Continuing a trend prevalent since 2008, Southern Westchester outperformed the northern suburbs in sales growth. Single-family home sales in the Sound Shore region were up 53% in Q4, Lower Westchester was up 48%, and Greater White Plains was up 50%. Northern Westchester saw home sales increase by 26%, while Northwest Westchester was up 16%. Looking further north to Putnam County, Q4 single-family home sales increased by 4%, while median sale price dropped by 5%, when compared to Q4-2011. In Dutchess County, homes sold increased by 19% in Q4-2012 and median sale price was up by 6%, compared to Q4-2011. We've been reporting all year that prices were showing signs of a bottom, and sure enough the median price of a Westchester single-family home was up 3.8% to $545,000 in Q4 vs. Q4-2011. The average single-family home sold for $797,012 up 14% from Q4-2011, fueled by the notable strength of the luxury home market. Perhaps spurred by the pending increase in capital gains tax rates, sales of homes priced at or above $2 million surged 84% from Q4-2011. The average price for luxury home sales was $3.8 million, up 19% from Q4-2011 . Looking ahead to 2013, we continue to take our cue from the level of pending sales at year-end. Last year, we pointed to the sharp increase in pending sales in lower price ranges as a harbinger of a better year than most were forecasting for 2012. Once again, the signs are encouraging, although a shrinking inventory of homes for sale – which ended the year at the lowest levels since 2005 - may be the only thing holding back the continued growth in sales. Pending sales are up across nearly all price levels in Westchester County, and up 21.2% for all single family homes. Pendings are down in Putnam County by 5%, but soaring by 43% in Dutchess County. This quarter was notable for gains across most of the region, and Houlihan Lawrence capped 2012 with significant milestones, which are highlighted on the next page. 2013 marks our 125th Anniversary, and our legacy remains deeply rooted in local relationships and vast global connections. Our longevity is a result of always looking forward and innovating, working towards even greater success in the next 125 years. Stephen Meyers Chris Meyers President and CEO Chief Operating Officer
Q4–2012houlihanlawrence.com
Houlihan Lawrence 2012 Highlights
2012 was banner year for Houlihan Lawrence. We participated in a record-breaking transaction, outperformed the market and dominated the rankings of the top offices and agents. Here are a few of the highlights:
Sales Milestones
Total home sales of $4 Billion, up 20% from 2011, nearly double the market sales volume increase of 11%.
Participated in the highest-price home sales in Westchester, Putnam, and Dutchess counties: • Westchester: Represented both the Seller and the Buyer on Devonshire in Bedford
Corners. Offering price: $26m • Putnam: Represented both the Seller and the Buyer on two homes that tied for highest
sale. Selling price: $2.5m • Dutchess: Represented the Seller on the sale of 1305 Chestnut Ridge Road in Millbrook.
Selling price: $3.75m
Westchester County Market Share Highlights
37% dollar volume market share, leading the market with more than three times our nearest competitor.
Number One office in unit sales (White Plains) and Number One office in dollar volume (Scarsdale).
Scarsdale, Rye and Bronxville were the Number One, Two and Three respectively, top producing offices in dollar volume. Larchmont, Irvington, Bedford and White Plains were among the top 10 producing offices, giving Houlihan Lawrence 7 out of the top 10 offices.
Participated in 73% of all home sales of $2m or more.
Putnam County Market Share Highlights
33% market share by dollar volume of sales, more than three times our nearest competitor. Yorktown, Brewster and Cold Spring offices were the Number One, Two and Three respectively
top producing offices for Putnam County based on dollar volume.
Dutchess County Market Share Highlights
18% market share by dollar volume of sales. East Fishkill, LaGrange and Millbrook offices were among the top seven offices.
Agent Highlights
Houlihan Lawrence agents dominated the rankings of top selling agents in our local Multiple Listing Service.
Eight of the Top 10 agents by Total Sales Volume. 16 of the Top 25 agents by Total Sales Volume. 29 of the Top 50 agents by Total Sales Volume.
Sources: EAMLS & MHMLS
Q4-2012houlihanlawrence.com
Table of ContentsClick on a green heading to jump to that page.
WESTCHESTER COUNTYOverview Single-family HomesSupply/Demand SnapshotTen-Year Market History
New York City GatewayMount VernonNew RochellePelhamYonkers
Lower WestchesterBronxvilleEastchesterEdgemontScarsdaleTuckahoe
The RivertownsArdsleyBriarcliff ManorDobbs FerryElmsfordHastingsIrvingtonMount PleasantOssiningPleasantvillePocantico HillsTarrytown
Greater White PlainsGreenburghValhallaWhite Plains
The Sound ShoreBlind BrookHarrisonMamaroneckPort ChesterRye CityRye Neck
Northern WestchesterBedfordByram HillsChappaquaKatonah–LewisboroNorth SalemSomers
Northwest WestchesterCroton–HarmonHendrick HudsonLakelandPeekskillYorktown
Westchester CondominiumsOverviewSupply/Demand SnapshotTen-Year Market History
Westchester Co-OperativesOverviewSupply/Demand SnapshotTen-Year Market History
PUTNAM COUNTYBrewsterCarmelGarrisonHaldaneLakelandMahopacPutnam Valley
Putnam CondominiumsOverviewSupply/Demand SnapshotTen-Year Market History
DUTCHESS COUNTYOverview Single-family HomesSupply/Demand SnapshotTen-Year Market History
Southeast DutchessBeekmanDoverPawlingUnion Vale
Southwest DutchessBeaconEast FishkillFishkillLaGrangePoughkeepsiePoughkeepsie/CityWappinger
Northeast DutchessAmeniaNorth EastPine PlainsStanfordWashington
Northwest DutchessClintonHyde ParkMilanPleasant ValleyRed HookRhinebeck
Dutchess CondominiumsOverviewSupply/Demand SnapshotTen-Year Market History
Q4-2012houlihanlawrence.com
Westchester County Single-family HomesOverview
Q4-2012 Q4-2011 % Change Full Year 2012 Full Year 2011 % ChangeHomes Sold 1042 798 30.6% 4473 3842 16.4%Average Sale Price $796,411 $698,289 14.1% $800,708 $814,240 -1.7%Median Sale Price $545,000 $525,000 3.8% $587,000 $600,000 -2.2%Average Days on Market 196 186 5.4% 190 181 5.0%% Sale Price to List Price 92.9 92.6 0.3% 94.4 94.3 0.1%
Supply/Demand SnapshotAs of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $499,999 890 371 2 1112 337 3 -20.0% 10.1%$500,000 - $699,999 498 149 3 569 100 6 -12.5% 49.0%$700,000 - $999,999 390 98 4 449 88 5 -13.1% 11.4%$1,000,000 - $1,499,999 245 87 3 236 51 5 3.8% 70.6%$1,500,000 - $1,999,999 142 31 5 175 29 6 -18.9% 6.9%$2,000,000 - $2,499,999 78 21 4 66 15 4 18.2% 40.0%$2,500,000 - $2,999,999 51 6 9 58 8 7 -12.1% -25.0%$3,000,000 - $3,999,999 74 9 8 56 5 11 32.1% 80.0%$4,000,000 and up 64 6 11 56 9 6 14.3% -33.3%Market Totals 2432 778 3 2777 642 4 -12.4% 21.2%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$736,021 $829,006 $881,789 $913,997 $936,242 $881,437 $763,469 $827,990 $814,240 $800,708 AverageSale Price
Average PricePer Square Foot
$288 $322 $345 $348 $350 $334 $297 $305 $292 $286 Average PricePer Square Foot
Dayson Market
143 140 140 153 164 169 178 176 181 190 Dayson Market
% Sale Priceto List Price
97.4 98.1 97.6 96.4 96.0 95.2 92.9 94.2 94.3 94.4 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes
NYC GatewaySingle-family homes
New Rochelle
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Mount Vernon 21 18 17% 96 88 9%
New Rochelle 66 54 22% 262 240 9%
Pelham 13 14 -7% 115 88 31%
Yonkers 102 81 26% 403 337 20%
NYC Gateway 202 167 21% 876 753 16%
Click on a School district to obtainthe latest monthly market report.
Mount Vernon New Rochelle
Pelham Yonkers
Homes Soldup 16%2012 vs.
2011Median Price
down 5%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Mount Vernon $270,000 $332,500 -19% $317,000 $350,000 -9%
New Rochelle $520,000 $510,000 2% $567,500 $582,500 -3%
Pelham $685,000 $623,500 10% $685,000 $803,750 -15%
Yonkers $372,250 $425,000 -12% $390,000 $415,000 -6%
NYC Gateway $399,500 $455,000 -12% $464,000 $490,000 -5%
Source: Empire Access Multiple Listing Service, Single-family homes, Zones 7 & 8
NYC GatewaySingle-family homes
Q4-2012 Market Report
Mount Vernon, New Rochelle, Pelham, YonkersClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 61 32 2 87 35 2 -29.9% -8.6%
$300,000 -$399,999 98 51 2 114 37 3 -14.0% 37.8%
$400,000 - $499,999 99 33 3 113 34 3 -12.4% -2.9%
$500,000 - $599,999 84 29 3 86 25 3 -2.3% 16.0%
$600,000 - $799,999 83 24 3 99 19 5 -16.2% 26.3%
$800,000 - $999,999 31 4 8 34 5 7 -8.8% -20.0%
$1,000,000 - $1,999,999 33 10 3 48 4 12 -31.3% 150.0%
$2,000,000 and up 9 0 Not Valid 7 1 7 28.6% -100.0%
Market Totals 498 183 3 588 160 4 -15.3% 14.4%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$537,959 $601,033 $684,970 $658,763 $668,933 $619,854 $539,928 $572,784 $574,874 $539,176 AverageSale Price
Average PricePer Square Foot
$240 $270 $295 $292 $298 $283 $254 $253 $245 $239 Average PricePer Square Foot
Dayson Market
143 138 140 151 160 165 180 178 180 197 Dayson Market
% Sale Priceto List Price
97.9 97.9 98.0 96.7 96.4 95.6 94.1 94.5 94.3 94.4 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zones 7 & 8
Lower WestchesterSingle-family homes
Scarsdale
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Bronxville 10 1 900% 81 47 72%
Eastchester 16 19 -16% 79 82 -4%
Edgemont 16 10 60% 98 49 100%
Scarsdale 48 32 50% 226 205 10%
Tuckahoe 9 5 80% 36 27 33%
Lower Westchester 99 67 48% 520 410 27%
Click on a School district to obtainthe latest monthly market report.
Bronxville Eastchester
Edgemont Scarsdale
Tuckahoe
Homes Soldup 27%2012 vs.
2011Median Price
up 1%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Bronxville $2,335,000 $460,000 408% $1,600,000 $1,860,000 -14%
Eastchester $529,500 $600,000 -12% $555,000 $593,500 -7%
Edgemont $747,500 $972,000 -23% $908,125 $925,000 -2%
Scarsdale $1,315,000 $924,000 42% $1,325,000 $1,225,000 8%
Tuckahoe $700,000 $598,000 17% $660,000 $610,000 8%
Lower Westchester $995,000 $800,000 24% $999,999 $995,000 1%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 6
Lower WestchesterSingle-family homes
Q4-2012 Market Report
Bronxville, Eastchester, Edgemont, Scarsdale, TuckahoeClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $499,999 5 2 3 11 2 6 -54.5% 0.0%
$500,000 - $699,999 34 17 2 38 5 8 -10.5% 240.0%
$700,000 - $999,999 38 12 3 53 8 7 -28.3% 50.0%
$1,000,000 - $1,499,999 38 13 3 33 11 3 15.2% 18.2%
$1,500,000 - $1,999,999 13 9 1 31 9 3 -58.1% 0.0%
$2,000,000 - $2,499,999 12 8 2 18 4 5 -33.3% 100.0%
$2,500,000 - $2,999,999 8 1 8 13 2 7 -38.5% -50.0%
$3,000,000 - $3,999,999 10 2 5 11 0 Not Valid -9.1% 0.0%
$4,000,000 and up 8 2 4 5 1 5 60.0% 100.0%
Market Totals 166 66 3 213 42 5 -22.1% 57.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$1,103,219 $1,204,413 $1,330,846 $1,351,736 $1,393,748 $1,297,435 $1,212,153 $1,302,610 $1,282,116 $1,312,425 AverageSale Price
Average PricePer Square Foot
$376 $417 $447 $456 $455 $440 $387 $411 $398 $402 Average PricePer Square Foot
Dayson Market
142 147 148 161 164 162 185 177 174 169 Dayson Market
% Sale Priceto List Price
97.0 99.1 97.5 96.5 96.6 95.6 91.9 94.6 95.0 96.0 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 6
The RivertownsSingle-family homes
The Rivertowns
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Ardsley 20 14 43% 84 63 33%
Briarcliff Manor 12 10 20% 55 51 8%
Dobbs Ferry 10 6 67% 59 39 51%
Elmsford 14 15 -7% 37 30 23%
Hastings 18 17 6% 59 67 -12%
Irvington 12 9 33% 77 43 79%
Mount Pleasant 20 16 25% 86 71 21%
Ossining 48 34 41% 145 137 6%
Pleasantville 17 13 31% 71 47 51%
Pocantico Hills 2 1 100% 8 8 0%
Tarrytown 10 9 11% 52 38 37%
The Rivertowns 183 144 27% 733 594 23%
Click on a School district to obtainthe latest monthly market report.
Ardsley Briarcliff Manor Dobbs FerryElmsford Hastings Irvington
Mount Pleasant Ossining PleasantvillePocantico Hills Tarrytown
Homes Soldup 23%2012 vs.
2011Median Price
up 1%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Ardsley $510,000 $480,500 6% $523,750 $517,000 1%
Briarcliff Manor $826,450 $732,500 13% $800,000 $683,010 17%
Dobbs Ferry $544,950 $709,000 -23% $629,000 $700,000 -10%
Elmsford $337,500 $390,000 -14% $405,000 $421,000 -4%
Hastings $622,500 $655,000 -5% $625,000 $660,000 -5%
Irvington $725,000 $515,000 41% $740,000 $810,000 -9%
Mount Pleasant $521,000 $531,750 -2% $490,000 $500,000 -2%
Ossining $327,500 $379,500 -14% $355,000 $385,000 -8%
Pleasantville $560,000 $525,000 7% $525,000 $495,000 6%
Pocantico Hills $783,250 $675,000 16% $790,955 $657,500 20%
Tarrytown $537,500 $640,000 -16% $550,000 $606,625 -9%
The Rivertowns $522,000 $519,250 1% $535,000 $530,000 1%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 3
The RivertownsSingle-family homes
Q4-2012 Market Report
Ardsley, Briarcliff Manor, Dobbs Ferry, Elmsford, Hastings, Irvington, Mount Pleasant, Ossining, Pleasantville, Pocantico Hills, TarrytownClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 43 17 3 46 10 5 -6.5% 70.0%
$300,000 -$399,999 48 15 3 52 20 3 -7.7% -25.0%
$400,000 - $499,999 57 22 3 76 25 3 -25.0% -12.0%
$500,000 - $599,999 48 19 3 62 7 9 -22.6% 171.4%
$600,000 - $799,999 69 15 5 82 14 6 -15.9% 7.1%
$800,000 - $999,999 26 11 2 39 9 4 -33.3% 22.2%
$1,000,000 - $1,999,999 54 34 2 51 7 7 5.9% 385.7%
$2,000,000 and up 17 4 4 17 4 4 0.0% 0.0%
Market Totals 362 137 3 425 96 4 -14.8% 42.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$602,692 $716,948 $749,612 $737,385 $719,413 $727,417 $622,480 $630,618 $620,144 $608,216 AverageSale Price
Average PricePer Square Foot
$277 $314 $335 $329 $327 $313 $288 $281 $274 $265 Average PricePer Square Foot
Dayson Market
141 139 138 146 158 175 173 175 184 196 Dayson Market
% Sale Priceto List Price
98.2 98.3 98.0 96.5 96.6 95.6 94.7 94.7 95.1 95.3 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 3
Greater White PlainsSingle-family homes
White Plains
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Greenburgh 27 17 59% 100 92 9%
Valhalla 14 7 100% 44 39 13%
White Plains 43 32 34% 177 155 14%
Greater White Plains 84 56 50% 321 286 12%
Click on a School district to obtainthe latest monthly market report.
Greenburgh Valhalla White Plains
Homes Soldup 12%2012 vs.
2011Median Price
up 3%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Greenburgh $380,000 $425,000 -11% $426,877 $446,250 -4%
Valhalla $472,450 $380,000 24% $452,500 $437,500 3%
White Plains $605,000 $575,000 5% $592,000 $550,000 8%
Greater White Plains $498,500 $482,500 3% $510,000 $495,000 3%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 4
Greater White PlainsSingle-family homes
Q4-2012 Market Report
Greenburgh, Valhalla, White PlainsClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 12 8 2 16 5 3 -25.0% 60.0%
$300,000 -$399,999 32 18 2 41 13 3 -22.0% 38.5%
$400,000 - $499,999 34 11 3 48 15 3 -29.2% -26.7%
$500,000 - $599,999 25 10 3 29 6 5 -13.8% 66.7%
$600,000 - $799,999 23 17 1 40 6 7 -42.5% 183.3%
$800,000 - $999,999 10 3 3 12 1 12 -16.7% 200.0%
$1,000,000 - $1,999,999 8 4 2 16 2 8 -50.0% 100.0%
$2,000,000 and up 1 0 Not Valid 0 0 0 0.0% 0.0%
Market Totals 145 71 2 202 48 4 -28.2% 47.9%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$566,294 $613,760 $674,650 $675,274 $672,834 $658,832 $579,604 $578,480 $532,545 $563,760 AverageSale Price
Average PricePer Square Foot
$265 $294 $332 $328 $325 $308 $284 $272 $258 $252 Average PricePer Square Foot
Dayson Market
125 120 118 132 142 163 169 166 173 193 Dayson Market
% Sale Priceto List Price
98.4 99.5 98.9 97.3 97.1 95.9 93.9 95.4 95.1 95.0 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 4
The Sound ShoreSingle-family homes
The Sound Shore
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Blind Brook 12 17 -29% 61 55 11%
Harrison 33 26 27% 131 129 2%
Mamaroneck 45 20 125% 223 213 5%
Port Chester 19 11 73% 79 51 55%
Rye City 34 19 79% 153 132 16%
Rye Neck 13 9 44% 49 67 -27%
The Sound Shore 156 102 53% 696 647 8%
Click on a School district to obtainthe latest monthly market report.
Blind Brook Harrison
Mamaroneck Port Chester
Rye City Rye Neck
Homes Soldup 8%
2012 vs.2011
Median Pricedown 6%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Blind Brook $754,250 $745,000 1% $767,500 $779,000 -2%
Harrison $1,061,500 $1,040,000 2% $949,000 $1,344,850 -29%
Mamaroneck $900,826 $827,500 9% $998,000 $996,999 0%
Port Chester $512,000 $392,250 31% $406,000 $425,000 -5%
Rye City $1,725,000 $2,025,000 -15% $1,570,000 $1,514,000 4%
Rye Neck $615,000 $755,000 -19% $640,000 $799,000 -20%
The Sound Shore $904,500 $865,000 5% $894,500 $950,000 -6%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 5
The Sound ShoreSingle-family homes
Q4-2012 Market Report
Blind Brook, Harrison, Mamaroneck, Port Chester, Rye City, Rye NeckClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $499,999 51 30 2 75 22 3 -32.0% 36.4%
$500,000 - $699,999 57 13 4 60 6 10 -5.0% 116.7%
$700,000 - $999,999 56 18 3 54 22 2 3.7% -18.2%
$1,000,000 - $1,499,999 44 11 4 31 19 2 41.9% -42.1%
$1,500,000 - $1,999,999 40 8 5 47 13 4 -14.9% -38.5%
$2,000,000 - $2,499,999 24 7 3 17 4 4 41.2% 75.0%
$2,500,000 - $2,999,999 15 3 5 17 2 9 -11.8% 50.0%
$3,000,000 - $3,999,999 25 5 5 16 1 16 56.3% 400.0%
$4,000,000 and up 17 2 9 20 6 3 -15.0% -66.7%
Market Totals 329 97 3 337 95 4 -2.4% 2.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$1,020,410 $1,153,411 $1,237,111 $1,316,380 $1,356,202 $1,344,403 $1,149,544 $1,215,667 $1,262,051 $1,226,439 AverageSale Price
Average PricePer Square Foot
$364 $406 $433 $455 $453 $450 $395 $398 $402 $392 Average PricePer Square Foot
Dayson Market
143 142 147 152 165 174 179 170 170 176 Dayson Market
% Sale Priceto List Price
96.7 97.9 96.6 96.7 95.6 94.8 91.2 93.7 94.1 93.9 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 5
Northern WestchesterSingle-family homes
Bedford
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Bedford 45 32 41% 205 185 11%
Byram Hills 35 18 94% 127 106 20%
Chappaqua 22 26 -15% 131 132 -1%
Katonah-Lewisboro 34 30 13% 181 141 28%
North Salem 14 3 367% 58 34 71%
Somers 27 31 -13% 114 95 20%
Northern Westchester 177 140 26% 816 693 18%
Click on a School district to obtainthe latest monthly market report.
Bedford Byram Hills
Chappaqua Katonah–Lewisboro
North Salem Somers
Homes Soldup 18%2012 vs.
2011Median Price
down 8%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Bedford $990,000 $807,500 23% $705,000 $775,000 -9%
Byram Hills $805,000 $847,500 -5% $860,000 $1,063,750 -19%
Chappaqua $757,500 $802,500 -6% $850,000 $845,125 1%
Katonah-Lewisboro $625,000 $542,500 15% $629,000 $596,000 6%
North Salem $454,319 $510,000 -11% $454,319 $508,000 -11%
Somers $357,000 $545,000 -35% $464,000 $542,000 -14%
Northern Westchester $717,500 $697,500 3% $692,500 $753,500 -8%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 2
Northern WestchesterSingle-family homes
Q4-2012 Market Report
Bedford, Byram Hills, Chappaqua, Katonah–Lewisboro, North Salem, SomersClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $499,999 109 31 4 145 44 3 -24.8% -29.5%
$500,000 - $699,999 102 18 6 102 20 5 0.0% -10.0%
$700,000 - $999,999 124 23 5 143 26 6 -13.3% -11.5%
$1,000,000 - $1,499,999 93 18 5 85 11 8 9.4% 63.6%
$1,500,000 - $1,999,999 50 10 5 57 4 14 -12.3% 150.0%
$2,000,000 - $2,499,999 27 3 9 25 4 6 8.0% -25.0%
$2,500,000 - $2,999,999 23 1 23 20 3 7 15.0% -66.7%
$3,000,000 - $3,999,999 36 2 18 22 3 7 63.6% -33.3%
$4,000,000 and up 33 2 17 27 2 14 22.2% 0.0%
Market Totals 597 108 6 626 117 5 -4.6% -7.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$925,678 $1,045,970 $1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065 $979,814 $939,854 $912,747 AverageSale Price
Average PricePer Square Foot
$305 $340 $373 $360 $368 $340 $289 $299 $274 $267 Average PricePer Square Foot
Dayson Market
156 151 149 169 182 171 180 185 193 199 Dayson Market
% Sale Priceto List Price
97.1 97.2 97.4 95.8 95.2 94.6 92.7 93.6 93.2 92.8 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 2
Northwest WestchesterSingle-family homes
Yorktown
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Croton-Harmon 19 15 27% 59 64 -8%
Hendrick Hudson 18 21 -14% 80 67 19%
Lakeland 45 41 10% 171 155 10%
Peekskill 20 13 54% 59 54 9%
Yorktown 37 30 23% 134 111 21%
Northwest Westchester 139 120 16% 503 451 12%
Click on a School district to obtainthe latest monthly market report.
Croton–Harmon Hendrick Hudson
Lakeland Peekskill
Yorktown
Homes Soldup 12%2012 vs.
2011Median Price
down 3%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Croton-Harmon $410,000 $385,000 7% $472,500 $528,250 -11%
Hendrick Hudson $302,500 $300,000 1% $349,000 $355,000 -2%
Lakeland $340,000 $305,000 12% $322,500 $325,000 -1%
Peekskill $240,000 $180,000 33% $240,000 $232,500 3%
Yorktown $400,000 $396,250 1% $386,500 $410,000 -6%
Northwest Westchester $340,000 $326,250 4% $342,500 $352,500 -3%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 1
Northwest WestchesterSingle-family homes
Q4-2012 Market Report
Croton–Harmon, Hendrick Hudson, Lakeland, Peekskill, YorktownClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 101 47 2 114 41 3 -11.4% 14.6%
$300,000 -$399,999 75 36 2 102 26 4 -26.5% 38.5%
$400,000 - $499,999 62 16 4 67 8 8 -7.5% 100.0%
$500,000 - $599,999 25 3 8 32 4 8 -21.9% -25.0%
$600,000 - $799,999 35 8 4 31 3 10 12.9% 166.7%
$800,000 - $999,999 18 2 9 20 1 20 -10.0% 100.0%
$1,000,000 - $1,999,999 14 1 14 12 0 Not Valid 16.7% 0.0%
$2,000,000 and up 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%
Market Totals 332 113 3 379 83 5 -12.4% 36.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$429,536 $473,575 $518,962 $524,300 $511,158 $513,692 $419,037 $421,273 $395,090 $394,972 AverageSale Price
Average PricePer Square Foot
$211 $239 $259 $256 $248 $243 $215 $207 $195 $187 Average PricePer Square Foot
Dayson Market
142 130 130 151 160 167 177 178 186 194 Dayson Market
% Sale Priceto List Price
98.2 98.6 97.9 96.5 96.3 95.0 94.8 94.9 94.8 94.9 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 1
Q4-2012houlihanlawrence.com
Westchester County CondominiumsOverview
Q4-2012 Q4-2011 % Change Full Year 2012 Full Year 2011 % ChangeUnits Sold 291 202 44.1% 1006 836 20.3%Average Sale Price $370,921 $420,408 -11.8% $371,549 $411,994 -9.8%Median Sale Price $320,000 $338,000 -5.3% $330,000 $337,250 -2.1%Average Price Per Square Foot $259 $273 -5.1% $262 $277 -5.4%Average Days on Market 181 182 -0.5% 187 180 3.9%% Sale Price to List Price 95.1 93.3 1.9% 94.9 94.2 0.7%
Supply/Demand SnapshotAs of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 203 77 3 273 56 5 -25.6% 37.5%$300,000 -$399,999 136 36 4 178 39 5 -23.6% -7.7%$400,000 - $499,999 65 14 5 76 16 5 -14.5% -12.5%$500,000 - $599,999 35 12 3 50 13 4 -30.0% -7.7%$600,000 - $799,999 48 14 3 50 9 6 -4.0% 55.6%$800,000 - $999,999 20 2 10 25 8 3 -20.0% -75.0%$1,000,000 - $1,999,999 21 1 21 23 3 8 -8.7% -66.7%$2,000,000 and up 3 0 Not Valid 10 0 Not Valid -70.0% 0.0%Market Totals 531 156 3 685 144 5 -22.5% 8.3%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$334,814 $372,088 $420,845 $424,230 $434,912 $430,037 $397,114 $400,317 $411,994 $371,549 AverageSale Price
Average PricePer Square Foot
$242 $278 $312 $328 $330 $321 $291 $286 $277 $262 Average PricePer Square Foot
Dayson Market
113 110 116 138 162 169 174 180 180 187 Dayson Market
% Sale Priceto List Price
98.7 98.9 99.0 97.2 96.6 95.8 94.2 94.8 94.2 94.9 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Condominiums
Q4-2012houlihanlawrence.com
Westchester County Co-OperativesOverview
Q4-2012 Q4-2011 % Change Full Year 2012 Full Year 2011 % ChangeUnits Sold 343 295 16.3% 1257 1160 8.4%Average Sale Price $172,601 $170,019 1.5% $177,843 $185,347 -4.0%Median Sale Price $145,000 $146,000 -0.7% $148,000 $160,000 -7.5%Average Price Per Square Foot $168 $176 -4.5% $174 $185 -5.9%Average Days on Market 225 224 0.4% 220 212 3.8%% Sale Price to List Price 94.1 93.1 1.1% 94.0 93.6 0.4%
Supply/Demand SnapshotAs of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 1211 250 5 1299 222 6 -6.8% 12.6%$300,000 -$399,999 50 14 4 60 8 8 -16.7% 75.0%$400,000 - $499,999 20 3 7 25 2 13 -20.0% 50.0%$500,000 - $599,999 13 2 7 4 5 1 225.0% -60.0%$600,000 - $799,999 12 3 4 13 7 2 -7.7% -57.1%$800,000 - $999,999 4 2 2 1 1 1 300.0% 100.0%$1,000,000 - $1,999,999 1 0 Not Valid 0 0 0 0.0% 0.0%$2,000,000 and up 0 0 0 0 0 0 0.0% 0.0%Market Totals 1311 274 5 1402 245 6 -6.5% 11.8%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$149,309 $170,763 $200,562 $207,205 $213,747 $205,727 $192,922 $195,024 $185,347 $177,843 AverageSale Price
Average PricePer Square Foot
$156 $180 $209 $218 $223 $219 $202 $197 $185 $174 Average PricePer Square Foot
Dayson Market
154 142 143 153 170 173 203 207 212 220 Dayson Market
% Sale Priceto List Price
97.8 98.4 98.3 96.6 96.0 95.3 93.9 93.8 93.6 94.0 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Co-Operatives
Putnam CountySingle-family homes
Brewster-Mahopac
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Homes Sold
School DistrictQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Brewster 28 21 33% 130 86 51%
Carmel 46 48 -4% 181 162 12%
Garrison 0 5 -100% 13 27 -52%
Haldane 19 8 138% 46 35 31%
Lakeland 5 4 25% 23 27 -15%
Mahopac 52 49 6% 167 135 24%
Putnam Valley 17 26 -35% 63 96 -34%
Putnam County 167 161 4% 623 568 10%
Click on a School district to obtainthe latest monthly market report.
Brewster CarmelGarrison HaldaneLakeland Mahopac
Putnam Valley
Homes Soldup 10%2012 vs.
2011Median Price
down 8%2012 vs.
2011
Median Sale Price
School DistrictQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Brewster $279,750 $323,500 -14% $274,250 $310,000 -12%
Carmel $240,000 $272,500 -12% $245,000 $259,500 -6%
Garrison $0 $490,000 0.0% $597,500 $557,500 7%
Haldane $414,000 $439,500 -6% $405,000 $459,000 -12%
Lakeland $315,875 $411,250 -23% $315,875 $350,000 -10%
Mahopac $322,450 $335,000 -4% $335,000 $347,500 -4%
Putnam Valley $324,000 $272,500 19% $297,500 $317,500 -6%
Putnam County $300,000 $315,000 -5% $299,000 $324,950 -8%
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 9
Putnam CountySingle-family homes
Q4-2012 Market Report
Brewster, Carmel, Garrison, Haldane, Lakeland, Mahopac, Putnam ValleyClick on a School district to obtain the latest monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 273 61 4 264 68 4 3.4% -10.3%
$300,000 -$399,999 128 15 9 127 22 6 0.8% -31.8%
$400,000 - $499,999 86 11 8 77 13 6 11.7% -15.4%
$500,000 - $599,999 48 9 5 51 3 17 -5.9% 200.0%
$600,000 - $799,999 51 9 6 76 5 15 -32.9% 80.0%
$800,000 - $999,999 23 1 23 21 0 Not Valid 9.5% 0.0%
$1,000,000 - $1,999,999 21 2 11 29 3 10 -27.6% -33.3%
$2,000,000 and up 13 0 Not Valid 13 0 Not Valid 0.0% 0.0%
Market Totals 643 108 6 658 114 6 -2.3% -5.3%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$390,666 $422,637 $466,576 $466,930 $463,756 $438,500 $373,616 $356,730 $372,783 $351,297 AverageSale Price
Average PricePer Square Foot
$196 $222 $242 $244 $232 $214 $190 $176 $178 $169 Average PricePer Square Foot
Dayson Market
163 151 153 157 178 180 192 206 211 211 Dayson Market
% Sale Priceto List Price
97.2 97.3 97.1 96.3 95.6 94.5 92.7 94.3 93.7 94.0 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Single-family homes, Zone 9
Q4-2012houlihanlawrence.com
Putnam County CondominiumsOverview
Q4-2012 Q4-2011 % Change Full Year 2012 Full Year 2011 % ChangeUnits Sold 20 28 -28.6% 69 80 -13.8%Average Sale Price $236,807 $262,569 -9.8% $231,039 $266,995 -13.5%Median Sale Price $236,000 $222,500 6.1% $206,000 $236,500 -12.9%Average Price Per Square Foot $155 $168 -7.7% $155 $169 -8.3%Average Days on Market 278 175 58.9% 252 186 35.5%% Sale Price to List Price 93.9 94.4 -0.5% 94.7 95.0 -0.3%
Supply/Demand SnapshotAs of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 64 14 5 71 14 5 -9.9% 0.0%$300,000 -$399,999 7 2 4 10 3 3 -30.0% -33.3%$400,000 - $499,999 0 2 0 7 2 4 -100.0% 0.0%$500,000 - $599,999 11 3 4 4 4 1 175.0% -25.0%$600,000 - $799,999 1 0 Not Valid 0 0 0 0.0% 0.0%$800,000 - $999,999 0 0 0 0 0 0 0.0% 0.0%$1,000,000 - $1,999,999 0 0 0 0 0 0 0.0% 0.0%$2,000,000 and up 1 0 Not Valid 1 0 Not Valid 0.0% 0.0%Market Totals 84 21 4 93 23 4 -9.7% -8.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
AverageSale Price
$223,152 $241,434 $262,122 $277,229 $290,809 $296,499 $248,638 $248,143 $266,995 $231,039 AverageSale Price
Average PricePer Square Foot
$162 $184 $211 $223 $217 $211 $188 $174 $169 $155 Average PricePer Square Foot
Dayson Market
122 104 115 130 152 169 179 190 186 252 Dayson Market
% Sale Priceto List Price
97.9 98.1 98.3 97.2 96.6 96.2 95.4 94.8 95.0 94.7 % Sale Priceto List Price
Source: Empire Access Multiple Listing Service, Condominiums
Q4-2012houlihanlawrence.com
Dutchess County Single-family HomesOverview
Q4-2012 Q4-2011 % Change Full Year 2012 Full Year 2011 % ChangeHomes Sold 446 375 18.9% 1604 1494 7.4%Average Sale Price $312,746 $265,475 17.8% $291,442 $311,943 -6.6%Median Sale Price $250,000 $235,000 6.4% $242,000 $246,000 -1.6%Average Days on Market 191 182 4.9% 190 187 1.6%% Sale Price to List Price 93.4 93.4 0.0% 93.6 92.0 1.7%
Supply/Demand SnapshotAs of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 849 256 3 970 169 6 -12.5% 51.5%$300,000 -$399,999 291 56 5 338 40 8 -13.9% 40.0%$400,000 - $499,999 119 19 6 176 17 10 -32.4% 11.8%$500,000 - $599,999 96 10 10 102 6 17 -5.9% 66.7%$600,000 - $799,999 94 12 8 97 17 6 -3.1% -29.4%$800,000 - $999,999 45 4 11 51 2 26 -11.8% 100.0%$1,000,000 - $1,999,999 56 3 19 61 2 31 -8.2% 50.0%$2,000,000 and up 53 2 27 63 0 Not Valid -15.9% 0.0%Market Totals 1603 362 4 1858 253 7 -13.7% 43.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average PricePer Square Foot
$122 $140 $154 $156 $150 $137 $121 $120 $113 $109 Average PricePer Square Foot
Dayson Market
146 147 137 151 155 160 164 172 187 190 Dayson Market
% Sale Priceto List Price
97.2 97.3 97.3 96.2 95.2 94.6 93.7 94.0 92.0 93.6 % Sale Priceto List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Southwest DutchessSingle-family homes
Poughkeepsie Area
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Homes Sold
Town/CityQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Beacon 21 11 91% 73 63 16%
East Fishkill 58 42 38% 188 189 -1%
Fishkill 20 25 -20% 96 72 33%
La Grange 26 20 30% 110 115 -4%
Poughkeepsie 77 61 26% 275 256 7%
City of Poughkeepsie 21 23 -9% 68 90 -24%
Wappinger 41 38 8% 127 143 -11%
Southwest Dutchess 264 220 20% 937 928 1%
Click to obtain a specifictown/city monthly market report.
Beacon East FishkillFishkill La Grange
Poughkeepsie City of PoughkeepsieWappinger
Homes Soldup 1%
2012 vs.2011
Average Pricedown 8%2012 vs.
2011
Average Sale Price
Town/CityQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Beacon $215,000 $200,000 8% $207,446 $224,500 -8%
East Fishkill $317,450 $328,750 -3% $339,717 $340,000 0%
Fishkill $229,250 $240,000 -5% $239,211 $249,000 -4%
La Grange $274,500 $242,500 13% $263,500 $256,000 3%
Poughkeepsie $195,000 $215,000 -9% $205,000 $215,000 -5%
City of Poughkeepsie $142,000 $168,000 -16% $166,000 $166,000 0%
Wappinger $267,000 $242,000 10% $249,000 $255,000 -2%
Southwest Dutchess $215,000 $200,000 8% $207,446 $224,500 -8%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Southwest DutchessSingle-family homes
Q4-2012 Market Report
Beacon, East Fishkill, Fishkill, La Grange, Poughkeepsie, City of Poughkeepsie, WappingerClick to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 477 161 3 549 112 5 -13.1% 43.8%
$300,000 -$399,999 132 36 4 174 22 8 -24.1% 63.6%
$400,000 - $499,999 59 16 4 87 11 8 -32.2% 45.5%
$500,000 - $599,999 56 7 8 57 5 11 -1.8% 40.0%
$600,000 - $799,999 27 7 4 41 11 4 -34.1% -36.4%
$800,000 - $999,999 10 1 10 11 1 11 -9.1% 0.0%
$1,000,000 - $1,999,999 5 0 Not Valid 8 0 Not Valid -37.5% 0.0%
$2,000,000 and up 0 0 0 4 0 Not Valid -100.0% 0.0%
Market Totals 766 228 3 931 162 6 -17.7% 40.7%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average PricePer Square Foot
$119 $134 $149 $150 $142 $133 $121 $113 $105 $101 Average PricePer Square Foot
Dayson Market
137 137 128 145 148 154 159 165 183 178 Dayson Market
% Sale Priceto List Price
97.7 98.1 98.4 97.7 96.4 95.5 95.5 95.4 95.3 95.3 % Sale Priceto List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Southeast DutchessSingle-family homes
Dutchess County
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Homes Sold
Town/CityQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Beekman 22 21 5% 83 63 32%
Dover 8 9 -11% 31 47 -34%
Pawling 15 4 275% 42 31 36%
Union Vale 9 4 125% 24 16 50%
Southeast Dutchess 54 38 42% 180 157 15%
Click to obtain a specifictown/city monthly market report.
Beekman Dover
Pawling Union Vale
Homes Soldup 15%2012 vs.
2011Average Price
Unchanged2012 vs.
2011
Average Sale Price
Town/CityQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Beekman $332,500 $267,000 25% $307,750 $355,000 -13%
Dover $192,500 $155,000 24% $174,000 $160,000 9%
Pawling $329,000 $325,875 1% $319,000 $280,000 14%
Union Vale $380,000 $372,500 2% $296,500 $335,500 -12%
Southeast Dutchess $316,250 $270,000 17% $284,750 $284,675 0%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Southeast DutchessSingle-family homes
Q4-2012 Market Report
Beekman, Dover, Pawling, Union ValeClick to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 103 28 4 104 24 4 -1.0% 16.7%
$300,000 -$399,999 43 8 5 58 5 12 -25.9% 60.0%
$400,000 - $499,999 20 1 20 24 2 12 -16.7% -50.0%
$500,000 - $599,999 13 2 7 16 1 16 -18.8% 100.0%
$600,000 - $799,999 18 3 6 25 2 13 -28.0% 50.0%
$800,000 - $999,999 8 0 Not Valid 13 0 Not Valid -38.5% 0.0%
$1,000,000 - $1,999,999 12 0 Not Valid 12 0 Not Valid 0.0% 0.0%
$2,000,000 and up 5 1 5 9 0 Not Valid -44.4% 0.0%
Market Totals 222 43 5 261 34 8 -14.9% 26.5%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average PricePer Square Foot
$135 $158 $163 $167 $164 $150 $131 $135 $112 $108 Average PricePer Square Foot
Dayson Market
158 164 145 154 170 157 180 189 219 215 Dayson Market
% Sale Priceto List Price
97.7 97.1 97.4 96.6 95.4 94.3 93.0 94.2 93.7 96.0 % Sale Priceto List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Northwest DutchessSingle-family homes
Dutchess County
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Homes Sold
Town/CityQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Clinton 7 10 -30% 36 40 -10%
Hyde Park 30 28 7% 133 97 37%
Milan 9 1 800% 13 12 8%
Pleasant Valley 12 18 -33% 57 51 12%
Red Hook 13 17 -24% 63 51 24%
Rhinebeck 16 16 0% 70 53 32%
Northwest Dutchess 87 90 -3% 372 304 22%
Click to obtain a specifictown/city monthly market report.
Clinton Hyde Park
Milan Pleasant Valley
Red Hook Rhinebeck
Homes Soldup 22%2012 vs.
2011Average Price
down 2%2012 vs.
2011
Average Sale Price
Town/CityQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Clinton $305,000 $355,250 -14% $320,650 $355,250 -10%
Hyde Park $177,250 $170,000 4% $175,500 $179,000 -2%
Milan $290,000 $250,000 16% $330,000 $350,000 -6%
Pleasant Valley $257,500 $216,000 19% $255,000 $250,000 2%
Red Hook $300,000 $249,000 21% $285,500 $260,000 10%
Rhinebeck $338,500 $271,000 25% $322,500 $295,000 9%
Northwest Dutchess $255,000 $225,000 13% $240,000 $244,500 -2%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Northwest DutchessSingle-family homes
Q4-2012 Market Report
Clinton, Hyde Park, Milan, Pleasant Valley, Red Hook, RhinebeckClick to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 181 56 3 233 22 11 -22.3% 154.5%
$300,000 -$399,999 84 9 9 75 8 9 12.0% 12.5%
$400,000 - $499,999 28 1 28 44 2 22 -36.4% -50.0%
$500,000 - $599,999 20 1 20 20 0 Not Valid 0.0% 0.0%
$600,000 - $799,999 32 2 16 21 4 5 52.4% -50.0%
$800,000 - $999,999 14 0 Not Valid 17 1 17 -17.6% -100.0%
$1,000,000 - $1,999,999 15 2 8 20 2 10 -25.0% 0.0%
$2,000,000 and up 7 0 Not Valid 13 0 Not Valid -46.2% 0.0%
Market Totals 381 71 5 443 39 11 -14.0% 82.1%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average PricePer Square Foot
$121 $142 $153 $160 $150 $136 $117 $124 $121 $114 Average PricePer Square Foot
Dayson Market
158 157 141 155 159 172 166 167 175 199 Dayson Market
% Sale Priceto List Price
97.1 97.0 96.4 93.6 93.8 93.5 93.1 92.8 92.9 90.9 % Sale Priceto List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Northeast DutchessSingle-family homes
Dutchess County
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Homes Sold
Town/CityQ4
2012Q4
2011%
ChangeFull Year
2012Full Year
2011%
Change
Amenia 6 7 -14% 16 16 0%
North East 5 1 400% 6 4 50%
Pine Plains 1 2 -50% 8 7 14%
Stanford 13 4 225% 33 22 50%
Washington 4 3 33% 18 23 -22%
Northeast Dutchess 29 17 71% 81 72 13%
Click to obtain a specifictown/city monthly market report.
Amenia North East
Pine Plains Stanford
Washington
Homes Soldup 13%2012 vs.
2011Average Price
down 16%2012 vs.
2011
Average Sale Price
Town/CityQ4
2012Q4
2011%
Change Full Year
2012Full Year
2011%
Change
Amenia $391,850 $430,000 -9% $222,500 $346,000 -36%
North East $325,000 $1,092,500 -70% $312,750 $317,500 -2%
Pine Plains $177,550 $170,000 4% $239,775 $175,000 37%
Stanford $302,500 $460,500 -34% $335,000 $430,000 -22%
Washington $612,500 $280,000 119% $467,500 $550,000 -15%
Northeast Dutchess $325,000 $420,000 -23% $333,500 $397,500 -16%
Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.
Northeast DutchessSingle-family homes
Q4-2012 Market Report
Amenia, North East, Pine Plains, Stanford, WashingtonClick to obtain a specific town/city monthly market report.
Supply and Demand Snapshot - Single-family homes
As of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 64 9 7 64 7 9 0.0% 28.6%
$300,000 -$399,999 22 3 7 21 4 5 4.8% -25.0%
$400,000 - $499,999 11 0 Not Valid 18 2 9 -38.9% -100.0%
$500,000 - $599,999 7 0 Not Valid 9 0 Not Valid -22.2% 0.0%
$600,000 - $799,999 14 0 Not Valid 7 0 Not Valid 100.0% 0.0%
$800,000 - $999,999 13 3 4 10 0 Not Valid 30.0% 0.0%
$1,000,000 - $1,999,999 24 1 24 20 0 Not Valid 20.0% 0.0%
$2,000,000 and up 40 1 40 37 0 Not Valid 8.1% 0.0%
Market Totals 195 17 11 186 13 14 4.8% 30.8%
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand
Ten-Year Market History
Average PricePer Square Foot
$169 $178 $227 $221 $230 $180 $176 $181 $213 $202 Average PricePer Square Foot
Dayson Market
171 190 180 184 205 217 177 219 234 238 Dayson Market
% Sale Priceto List Price
93.6 95.2 93.9 94.5 91.1 91.5 85.5 88.9 80.9 90.6 % Sale Priceto List Price
Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.
Q4-2012houlihanlawrence.com
Dutchess County CondominiumsOverview
Q4-2012 Q4-2011 % Change Full Year 2012 Full Year 2011 % ChangeUnits Sold 85 86 -1.2% 334 297 12.5%Average Sale Price $203,926 $217,186 -6.1% $191,586 $199,877 -4.1%Median Sale Price $203,000 $192,500 5.5% $175,500 $185,000 -5.1%Average Price Per Square Foot $134 $129 3.9% $128 $125 2.4%Average Days on Market 185 226 -18.1% 208 209 -0.5%% Sale Price to List Price 95.3 96.4 -1.1% 95.4 95.5 -0.1%
Supply/Demand SnapshotAs of December 31, 2012 As of December 31, 2011 2012 vs. 2011
Price Range
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
SUPPLYActive
Listings
DEMANDPending
Sales
Supply/DemandRatio*
%Change inListings
%Change inPendings
$0 - $299,999 261 62 4 320 49 7 -18.4% 26.5%$300,000 -$399,999 57 10 6 55 21 3 3.6% -52.4%$400,000 - $499,999 10 5 2 14 6 2 -28.6% -16.7%$500,000 - $599,999 1 0 Not Valid 5 0 Not Valid -80.0% 0.0%$600,000 - $799,999 1 0 Not Valid 0 0 0 0.0% 0.0%$800,000 - $999,999 0 0 0 0 0 0 0.0% 0.0%$1,000,000 - $1,999,999 0 0 0 0 0 0 0.0% 0.0%$2,000,000 and up 0 0 0 0 0 0 0.0% 0.0%Market Totals 330 77 4 394 76 5 -16.2% 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 PricePer Square Foot
$118 $138 $159 $162 $165 $153 $141 $137 $125 $128 Average PricePer Square Foot
Dayson Market
125 120 116 132 143 172 162 162 209 208 Dayson Market
% Sale Priceto List Price
98.6 98.1 98.2 97.0 97.2 96.1 95.2 95.1 95.5 95.4 % Sale Priceto List Price
Source: Mid-Hudson Multiple Listing Service, Residential-attached homes.
Highest Recorded Residential Sale in Westchester County
DEVONSHIREBedford Corners
Offered at $26,500,000
Houlihan Lawrence is pleased to have representedboth the seller and buyer of this magnificentGilded Age 100-acre estate, which closed inlate December for over $21 Million. This salerepresents the highest single residential sale ever reported in Westchester County and thehighest sale in Houlihan Lawrence’s 125-history.To find out more about our exceptional marketingprograms for estate properties, call our LuxuryCountry Properties Division at 914.234.0308.
Q4–2012houlihanlawrence.com
1.888.454.7356houlihanlawrence.com