MARKET ACTION REPORT September 2010

Suzanne Welch
Zip Code: 10520 - Associate Broker
914-557-3760
Cortlandt suzanne4homes@gmail.com
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 $598,000 6% -2%
Average List Price of all Current Listings $774,292 3% -4%
September Median Sales Price $503,000 18% 0% 7% 6% $484,000 -0% 2%
September Average Sales Price $470,722 11% -4% -5% -14% $548,683 6% -0%
Total Properties Currently for Sale (Inventory) 71 -8% -7%
September Number of Properties Sold 9 800% 29% 47 31%
September Average Days on Market (Solds) 147 -34% -3% -5% -9% 161 0% 0%
Asking Price per Square Foot (based on New Listings) $261 -6% -1% -13% 0% $261 -0% 0%
September Sold Price per Square Foot $234 -20% -6% 5% -6% $234 -10% -6%
September Month's Supply of Inventory 7.9 -90% -76% -27% -59% 22.2 1% 16%
September Sale Price vs List Price Ratio 97.2% -8.6% -.3% 4.4% 2.3% 96.1% 1.2% 1.1%
* 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
September Property sales were 9, up 28.6% from 7 12

12
in September of 2009 and 800.0% higher than the 1 10
sales last month. September 2010 sales were at their
9

9
8
8
8

highest level compared to September of 2009 and

7

7
7
6
2008. September YTD sales of 47 are running
6

6
6

6
5

5
30.6% ahead of last year's year-to-date sales of 36. 4
4

4
4

4
3

3
2
2

2
1

1
0
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 D J F M A M J J A S
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 September was $503,000, 900
up 7.0% from $470,000 in September of 2009 and
800
up 18.4% from $425,000 last month. The Average
Sales Price in September was $470,722, down 5.5% 700
from $497,857 in September of 2009 and up 10.8% 600
from $425,000 last month. September 2010 ASP 500
was at the lowest level compared to September of 400
2009 and 2008.
300
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 D J F M A M J J A S
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
120 90
The Total Inventory of Properties available for sale as of
September was 71, down 7.8% from 77 last month and 80
100
70
100

down 6.6% from 76 in September of last year. September

93

91

90
89
87

87

2010 Inventory was at its lowest level compared with 80 60

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76

76

September of 2009 and 2008.

74

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50
73

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72

71
70
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67

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66
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64

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61

40
56

56
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40 30
A comparatively lower MSI is more beneficial for sellers
20
while a higher MSI is better for buyers. The September 20
2010 MSI of 7.9 months was at its lowest level compared 10
with September of 2009 and 2008. 0 0
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 D J F M A M J J A S
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Westchester-Putnam 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 September 2010
Suzanne Welch
Zip Code: 10520 - Associate Broker
914-557-3760
Cortlandt suzanne4homes@gmail.com
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 200 155 147
September was 147, down 33.8% from 222 days last
month and down 5.2% from 155 days in September of 150
95
last year. The September 2010 DOM was at a mid level 100
compared with September of 2009 and 2008.
50
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 D J F M A M J J A S
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 400
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 259
indicator on the direction of Property values. The 234
250 224
September 2010 Selling Price per Square Foot of $234
was down 20.0% from $293 last month and up 4.7% 200
from 224 in September of last year.
150
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 D J F M A M J J A S
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. 97.2%
96.4%
The September 2010 Selling Price vs Original List Price
of 97.2% was down from 106.3% last month and up 95% 93.1%
from 93.1% in September of last year.

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

Inventory / New Listings / Sales

Inventory / New Listings / Sales 120 Inventory New Listings Sales
This last view of the market combines monthly 100
100

inventory of Properties for sale along with New Listings

93

91

90
89
87

87

and Sales. The graph shows the basic annual 80

84
83
81
79
78

78

77
76

76

seasonality of the market as well as the relationship

74

74

74
73

73
72

71
70
69

69

67

60
66
65

64

between these items. The number of New Listings in

61
61
56

56
51

September 2010 was 17, up 325.0% from 4 last month

49

40
and up 13.3% from 15 in September of last year.
20

0
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 D J F M A M J J A S
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Westchester-Putnam 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 September 2010
Suzanne Welch
Zip Code: 10520 - Cortlandt Associate Broker
914-557-3760
suzanne4homes@gmail.com
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 September 2010 was 17, up
325.0% from 4 last month and up 13.3% from 15 in September of last year.

120 Inventory New Listings Sales

100
100
93

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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 D J F M A M J J A S
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Westchester-Putnam 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.