MARKET ACTION REPORT November 2010

Suzanne Welch
Zip Code: 10520 - Cortlandt Associate Broker
914-557-3760
suzanne4homes@gmail.com
www.westchesterhomesblogger.wordpress.com
Price Range: All | Properties: Single Family
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $527,000
Average List Price of all Current Listings $831,163
November Median Sales Price $402,000 $468,000
November Average Sales Price $414,000 $540,687
Total Properties Currently for Sale (Inventory) 54
November Number of Properties Sold 3 54
November Average Days on Market (Solds) 156 155
Asking Price per Square Foot (based on New Listings) $220 $264
November Sold Price per Square Foot $229 $236
November Month's Supply of Inventory 18.0 21.7
November Sale Price vs List Price Ratio 93.0% 95.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

14
Property Sales
November Property sales were 3, down 40.0% from 5 12
12
in November of 2009 and 25.0% lower than the 4 10
sales last month. November 2010 sales were at a mid
9

9
8
8
8

level compared to November of 2009 and 2008.

7

7
7
6
November YTD sales of 54 are running 12.5% ahead
6

6
6

6
5

5
of last year's year-to-date sales of 48. 4
4

4
4

4
3

3
2
2

2
1

1
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 1,000
The Median Sales Price in November was $402,000, 900
down 6.5% from $430,000 in November of 2009
800
and down 9.2% from $442,500 last month. The
Average Sales Price in November was $414,000, 700
down 8.4% from $452,000 in November of 2009 and 600
down 23.6% from $541,750 last month. November 500
2010 ASP was at the lowest level compared to
400
November of 2009 and 2008.
300
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
100 90
The Total Inventory of Properties available for sale as of
90 80
November was 54, down 27.0% from 74 last month and
91

91
89

88
87

80
84

70
83

down 27.0% from 74 in November of last year. November

81
79
78

78

78
78
76

76

70
74

74

74

74
73

73

60
72

2010 Inventory was at its lowest level compared with

70
69

69

67

66

60
65

64

November of 2009 and 2008. 50

61
61
56

56

50
54
51

40
49

40
30 30
A comparatively lower MSI is more beneficial for sellers
20 20
while a higher MSI is better for buyers. The November
2010 MSI of 18.0 months was at a mid level compared 10 10
with November of 2009 and 2008. 0 0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT November 2010
Suzanne Welch
Zip Code: 10520 - Cortlandt Associate Broker
914-557-3760
suzanne4homes@gmail.com
www.westchesterhomesblogger.wordpress.com
Price Range: All | Properties: Single Family

Days On Market for Sold Properties

Market Time 350
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many
days the average Property is on the market before it 300
sells. An upward trend in DOM tends to indicate a move
250
towards more of a Buyer's market, a downward trend a
move towards more of a Seller's market. The DOM for 200 178
156
November was 156, up 66.0% from 94 days last month 131
and up 19.1% from 131 days in November of last year. 150
The November 2010 DOM was at a mid level compared 100
with November of 2009 and 2008.
50
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 400
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for

the direction of Property values. Since Median Sales 350
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 300
selling price per square foot is a more normalized 263
247
indicator on the direction of Property values. The 250 229
November 2010 Selling Price per Square Foot of $229
was down 12.1% from $260 last month and down 7.4% 200
from 247 in November of last year.
150
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
110%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the
105%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio
100%
at or above 100% indicates more of a Seller's market.
The November 2010 Selling Price vs Original List Price
94.5% 93.9%
of 93.0% was down from 94.7% last month and down 95% 93.0%
from 93.9% in November of last year.

90%
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 100 Inventory New Listings Sales
This last view of the market combines monthly 90
91

91
89

88
87

80
84
83

inventory of Properties for sale along with New Listings

81
79
78

78

78
78
76

76

70
74

74

74

74
73

73

and Sales. The graph shows the basic annual

72

70
69

69

67

66

60
65

64

seasonality of the market as well as the relationship

61
61
56

56

50
54

between these items. The number of New Listings in

51
49

40
November 2010 was 2, down 77.8% from 9 last month
30
and down 77.8% from 9 in November of last year.
20
10
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales November 2010
Suzanne Welch
Zip Code: 10520 - Cortlandt Associate Broker
914-557-3760
suzanne4homes@gmail.com
www.westchesterhomesblogger.wordpress.com
Price Range: All | Properties: Single Family

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2010 was 2, down
77.8% from 9 last month and down 77.8% from 9 in November of last year.

100 Inventory New Listings Sales

90
91

91
89

88
87

84
83
80

81
79
78

78

78
78
76

76
74

74

74

74
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73
70
72

70
69

69

67

66
65

60 64

61
61
56

56

54
50
51
49

40

30

20
21

21

18

18
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17

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10
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11
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9

9
9

9
9
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8
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7
6

6
5

5
3
4

2
3

4
1

4
2
3
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.