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Elliman Report: Westchester & Putnam Sales 3Q 2014

Westchester housing prices were higher than prior year levels including single families, 2-4 families, co-ops, condos and the luxury market. Median sales price as compared to the prior year quarter has been trending higher for seven consecutive quarters as listing inventory moved lower. Median sales price for single-family properties was $681,000 up 4.7% from the same period last year. Average sales price increased 6.5% to $917,686 and average price per square foot increased 5.2% respectively from the same period last year. The median sales price of the single-family luxury market, defined as the top ten percent of all sales, increased 5.4% to $2,300,000 from the prior year quarter…

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