Westchester County Real Estate Blog

U.S. Existing-Home Sales Increased 7.0% in September; Northeast Sales Grew 5.5%

Existing-home deals rebounded in September after seeing deals wane the former month, according to the National Association of Realtors. Each of the four major U.S. regions witnessed increases on a month-over-month base. From a time-over-year timeframe, one region held steady while the three others each reported a decline in deals.

Total existing-home deals, completed deals that include single-family homes, townhomes, condominiums and co-ops, rose 7.0% from August to a seasonally acclimated periodic rate of 6.29 million in September. Still, deals dropped 2.3% from a time ago (6.44 million in September 2020). Existing-home deals in the Northeast grew 5.5% in September, posting a periodic rate of, a 8.3% drop from September 2020. The median price in the Northeast was up 9.2% from one time ago.

“Some enhancement in force during previous months helped nudge up deals in September,” said Lawrence Yun, NAR’s principal economist. “ Casing demand remains strong...

Southern Westchester communities see biggest bump in home sales trends

With casing deals generally trending overhead in the third quarter of 2021 compared to last time, Houlihan Lawrence broke down deals in particular regions of Westchester County.

In general, the county's southern communities saw strong supplements in orders.

Houlihan Lawrence said the county's southern cities — Bronxville, Eastchester, Edgemont, Scarsdale and Tuckahoe — saw a 24% increase in the number of home deals for the quarter, and the median deals price rise 7%.

The Sound Shore communities, similar as Mamaroneck, Rye City, Rye Neck, and Port Chester, registered an 8% increase in home deals and the median deals price pushed up 13%, according to Houlihan Lawrence.

The gateway-to-New York City communities similar as Mount Vernon, Pelham, New Rochelle and Yonkers, registered a 14% increase in homes vended but the median deals price fell...

County Exec. Latimer Proposes $476M Capital Budget Plan for 2022

Westchester County Executive George Latimer unveiled a$ 476-million capital budget plan on Oct. 14 that includes $50 million for the backing of affordable casing systems in Westchester County.

The offer, now before the Westchester County Board of Lawmakers, also includes backing for roads, islands, wastewater treatment shops and county premises. Among the further notable particulars includes $4 million in backing to explore the unborn use of the Westchester County Center, which hasn’t been used for recreation or events since the COVID-19 epidemic began last time.

The fourth proposed Capital Budget of his administration also earmarks investments in mongrel and electric vehicles, and recreational installations similar as Playland, Memorial Field, and the completion of a nonstop Bronx River Pathway from New York City to Kensico Dam Plaza.

This budget offer requests...

Homebuyers Can Expect Higher Inventory, More Choices This Fall

Housing inventory is at its highest point of 2021, according to data from Realtor.com. This means that, this Fall, homebuyers will have more homes to choose from and a less competitive housing market as compared to the last year.

In addition to higher inventory, the share of sellers (nationwide) who made price adjustments grew for the second month in a row in September — signaling that sellers are finding they must lower their prices to compete for buyers. Keeping in line with typical seasonal trends, homes are lasting on the market for slightly longer, giving buyers more time to make a decision.

This will create a favorable environment for prospective homeowners who want to buy a home while still locking in a low interest rate. Mortgage rates broke above 3% for the first time...

Home Selling Checklist: 12 Things to Do Before Selling Your House

Thinking about selling? Then it ’s probably time to roll up your sleeves and get to work because there are a few things to do before listing your home!

Selling a home often entails a whole lot more than just planting a “ For Sale ” sign out front or uploading a few pics to the internet — especially if your goal is to net the most money!

So before you put your house on the market, read on for our handy "Seller's Checklist"! Some of these tips are realtively easy, while others might demand a little more work. But they ’re bound to pay off once buyers fall in love with your home and submit great offer(s)!

1. Find a great real estate agent
Think you can sell your home by yourself and not pay a real estate agent?

It can be tempting, especially in a market like we've seen this last year, but - take it from us - resist the urge! While "For Sale By Owner" transactions seem attractive to some sellers, they don't always...