Spring was in the air much earlier than usual in 2012, and buyers across Westchester County responded by posting the highest level of pending sales as of March 31st since 2005. In Westchester, pending sales at quarter’s end were up 31% over Q1-2011. In area defined by Rye, Rye Neck, Mamaroneck/Larchmont, Harrison and Blindbrook, the # of homes sold in Q1-2012 was down from the same period last year, but the average price rose 5% from Q1-2011 to Q1-2012.
The average sales price increase was even higher in Rye City, due to more high end homes selling vs. the prior year period. In fact overall pending sales of Westchester homes priced above $2.5 million were up 34% from 2011. For more information or a copy of the full report email me at karenas@houlihanlawrence.com
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