Health & Fitness
Peekskill Real Estate Market update
The local real estate market trends and updated stats.
Many of you know I am a local realtor, and I like to hang out in Peekskill...it's all true! The number one question I get is," how is the market here?" Well, here you go, STATS, and let me tell you, there are many homes on the market. One less, next week, as I will be closing on it, but if you are in the market, get out there and see what is available!
Peekskill, NY 10566 market trends are in.
November property sales were 5, equal to 0 in November of 2010 and 25.0% higher than the 4 sales last month. November 2011 sales were at a mid level compared to November of 2010 and 2009. November YTD sales of 53 are
running 17.8% ahead of last year’s year-to-date sales of 45.
Find out what's happening in Peekskill-Cortlandtwith free, real-time updates from Patch.
Peekskill has definitely seen better days.
The Median Sales Price in November was $195,000, equal to $0 in November of 2010 and up 20.4% from $162,000 last month. The Average Sales Price in November was $178,600, equal to $0 in November of 2010 and up 29.5% from $137,913 last month. November 2011 ASP was at a mid range compared
to November of 2010 and 2009.
Find out what's happening in Peekskill-Cortlandtwith free, real-time updates from Patch.
The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move
towards more of a Seller’s market. The DOM for November was 173, up 10.2% from 157 days last month and equal to 0 days in November of last year. The November 2011 DOM was at its highest level compared with November of 2010 and 2009.
The Selling Price vs Original Listing Price reveals the 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 at or above 100% indicates more of a Seller’s market. For Peekskill, the November 2011 Selling Price vs Original List Price of 93.1% was up from 91.6% last month and equal to 0.0% in November of last year.
Right now there are 72 ACTIVE properties on the market ranging from 75K to 364,900. 12 homes are in Conditional Contract (waiting on a commitment).
Let’s just say, there are deals to be made here.
