Pleasantville Real Estate Market, 2nd Quarter 2011

By
Real Estate Broker Owner with J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

Pleasantville's real estate market for the second quarter of 2011 is an analysis of single family home activity for the period April 1, 2011 to June 30, 2011 for the Pleasantville school district. All information is derived from the Empire Access MLS. 

For the second quarter of 2011, Pleasantville had 12 closings at a median price of $445,000.

For the same period in 2010, there were 13 closings at a median price of $535,000. 

That is a significant drop in median price. To appreciate how far down prices have come, in 2004, there were 22 closings at a median price of $647,500. From the peak, Pleasantville is down over $200,000 in median price. 

There are 72 homes for sale now at a median asking price of $604,200. That is almost 2 years of inventory. 

The light at the end of the tunnel for the area is on the homes currently under contract: 9 homes are under contract, and they have a median asking price of $719,000. 

Remember, we are measuring quarters here, not single months, so the likelihood of an anomaly is far smaller. That high median price for the contracted homes is real, it is significant, and it is good news. 

Downtown Pleasantville

Previous postings on Pleasantville.

Find a great home in Pleasantville on Listingbook

 

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Topic:
Real Estate Market Trends
Location:
New York Westchester County Pleasantville
Groups:
Market Reports
Posts to Localism
Tags:
pleasantville
market reports
pleasantville real estate market

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Additional Information

Phil Faranda is broker and owner of J. Philip Real Estate LLC in Briarcliff Manor, NY. Since founding the firm as a sole practitioner in late 2005, the team has grown to over 30 agents & closed 350+ transactions valued at $140 million. He is in his 4th term as Vice President of the HGMLS. This blog commentary is geared toward consumers and industry colleagues alike. You can reach him at (914) 723-8900.
Warning: *Sarcasm and irony advisory at all times.*



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