????The Summer Edition-Westchester 2nd Quarter Real Estate Update!
Thomas Roberts
Licensed Real Estate Salesperson at William Raveis Real Estate, Mortgage & Insurance, Entrepreneur, and Leader
Homeowners and aspiring real estate sellers! Let's kick off the Summer of 2023 with a burst of excitement and joy! As we gather around sizzling BBQs and delightful get-togethers, one topic takes center stage: Real Estate. Brace yourselves, because this newsletter will equip you with the knowledge to tackle the subject with confidence and expertise.
Now, let's delve into the captivating world of residential real estate. Westchester County, known for its scenic beauty and vibrant communities, is currently facing a housing shortage. Can you believe it? There are only 2,124 properties available for sale in the entire county. That includes 1,221 stunning single-family homes, which has seen a -14% decrease compared to last year. Picture-perfect condominiums, with their enticing amenities, are in high demand, as there are only 252 units on the market, reflecting a significant -35.3% drop from the previous year. And let's not forget about the charming co-ops, with their unique character and cozy atmosphere. They make up 641 of the available units, down 25.1% from last year.
So, if you're considering selling your house, now is the perfect time to capitalize on this exciting market. The demand is high, and the supply is limited, which means your property could be in high demand! Don't miss out on this opportunity to showcase your home to eager buyers and secure a great deal. List your house today and let the magic of real estate unfold in your favor.
Below is an interactive chart on the available Homes, Condos and Co-ops Currently for sale in Westchester County.
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Mortgage Rates:
As of the writing of this newsletter mortgage rates are currently at 6.71%.
The Links Below are live
The communities below each have a clickable link that will give you the most updated market data for that particular area. When you click on your community you can toggle between house types indicated by the photo to the right.