According to the data from the Hudson Gateway MLS for single family home sales, Croton on Hudson had a very good July compared to the same time period last year. Both sales volume and median price were up.
For July 2012 7 homes sold at a median sale price of $620,000.
For July 2011 6 homes sold at a median sale price of $500,000.
7 homes are under contract at a median list price of $450,000. Clearly, the coming months will be at a lower volume and median sale price.
For the year to date, 31 homes have sold at a median sale price of $468,750.
For the same period in 2011, 37 homes closed at a median price of $549,900.
That is quite a decline, but it shouldn't be alarming.
Simply put, all real estate is local, and while the nationwide trend is better, Croton is having a slower 2012 than 2011. It happens. It is not a large sample, and this data doesn't mean that the typical home is worth $110,000 less than last year; it simply means that the activity is lower and the transactions are at lower price points. Croton is not a big enough area to read much more into it than that.
There are 51 Active listings at a $575,000 median list price. Consumers certainly have choices going forward. That gives the last 5 months of the year great potential if homebuyers recognize the opportunity.