August Sales and Deals
The number of contracts signed in the towns this blog covers remained relatively high through August, maintaining the bounce that began back in June through what is usually a slow period. Interestingly, this mirrors the results reported by the New York Times in the city market. The five previously-featured hot properties that sold in August are full of useful tidbits. The Katonah village colonial reminds me to take the "data" with a grain of salt: in the July Sales and Deals post I recorded that the last listing price was $849,000, a figure I got from the WPMLS. Now the records tell me that the last asking price was $799,000. The farmhouse in Katonah and the house in Yorktown Heights show that the right asking price can (sometimes) trigger a bidding war. Isn't real estate watching fun!
Contracts signed on single-family homes
July: 86
August: 79
Location: CrotonFeatured: June 30, 2009
Asking Price When Featured: $459,000
Last Asking Price: $459,000
Location: OssiningFeatured: June 23, 2009
Last Asking Price: $439,222
Location: YorktownFeatured: May 28, 2009
Asking Price When Featured: $999,999
Last Asking Price: $999,999
Location: Yorktown HeightsFeatured: May 12, 2009
Asking Price When Featured: $879,000
Last Asking Price: $839,000
Sold for: $850,000
Location: Mt. KiscoFeatured: March 3, 2009
Asking Price When Featured: $929,000
Last Asking Price: $899,000
Sold for: $830,000
Location: KatonahFeatured: February 5, 2009
Asking Price When Featured: $2,495,000
Last Asking Price: $1,895,000
Sold for: $2,150,000
Location: SomersFeatured: July 17, 2008
Asking Price When Featured: $1,100,000
Last Asking Price: $895,000
Sold for: $775,000
Location: KatonahFeatured: October 30, 2007
Asking Price When Featured: $979,000
Last Asking Price: $799,000
Sold for: $770,000
2 comments:
The market is definitely improving. Prices are steady and more houses are selling. I bet things really heat up in late September.
I doubt the market is going to "really heat up" anytime soon! That sounds like a realtor's wishful thinking. But the crash does seem to be over. A number of properties near me have sold recently and the prices seemed pretty reasonable, not boom prices but not bargain basement either.
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