2011 got off to a very slow start, with far fewer homes going to contract in the towns this blog covers than in previous months. Was it simply too cold to house hunt, or is this a sign of things to come? On the other hand, a number of previously featured Hot Properties saw some love—including a few long-suffering ones. The Croton house that just went to contract was on (and off, and on, and off, and then on) the market for well over 2 years, during which time the asking price dropped over $400,000. The Croton home that sold was also on the market for over two years—and sold for $950,000 under the original asking. Meanwhile, the Peekskill house that went to contract was listed (for the first time, as far as I know) on January 3, and found a would-be buyer just 19 days later.
Contracts signed on single-family homes
December: 52
January: 32
Hot Properties That Went to Contract
Location: Peekskill
Featured: January 13, 2011
Asking Price When Featured: $315,000
Last Asking Price: $315,000
Location: Beford Hills
Featured: February 18, 2010
Asking Price When Featured: $575,000
Last Asking Price: $499,000
Location: Croton
Featured: June 3, 2008
Asking Price When Featured: $1,179,000
Last Asking Price: $765,000
Hot Properties That Sold
Location: Peekskill
Featured: July 27, 2010
Asking Price When Featured: $375,000
Last Asking Price: $350,000
Sold for: $335,000
Location: Croton
Featured: April 22, 2008
Asking Price When Featured: $2,095,000
Last Asking Price: $1,895,000
Sold for: $1,180,000
Location: Peekskill
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