Amidst the uncertainty in pandemic, Westchester County real estate homes for sale offers individuals and families a lovely place to call home. There is no doubt that the pandemic has led real estate and home values to collapse, but prices have gradually increased again. Encouraging sellers and buyers to enter the market.
Furthermore, the buying frenzy remained strong in the second quarter of 2021, particularly in Westchester County. Suggesting the real estate market is still thriving and increasing in time. The overall number of single-family residential units sold during the second quarter of 2021 reached 1,805, slightly increasing from 1,174 in the second quarter of 2020. Moreover, it growing to 1,500 in the second quarter of 2019.
During 2021, the average selling price of all Westchester County real estate homes for sale was $863,836. Compared to only $727,454 in the second quarter of 2020 and $685,00 in the year of 2019.
Equestrian Farms For Sale in Upstate New York were also sold in a period of 58 days and at a return rate of 100.2 percent. Indicating that many farms and homes sold in Westchester county are far more than its asking price.
Pro Analysis on Westchester County Real Estate Homes for Sale
According to the Berkshire Hathaway 2021 report, Homes for sale continued soaring across Westchester County. Westchester County real estate homes for sale increased by 41.6 percent annually (2020 vs. 2021), and average days on the market for the unit have dropped significantly.
The main concern in Westchester remains the lack of inventory. Supported by the fact that new Westchester County real estate homes for sale down for 7.4% for years and demand keep on rising. Due to home buyers looking for alternatives, the price of Equestrian Farms For Sale in Upstate New York surges in the first quarter. Indicating as one of the red-hot properties in the Westchester market.
According to Graziose, a real estate market expert, there are many variables indicating the strong demand for homes and equestrian farms in Upstate New York.
While this issue has been fueled by departing New York City citizens, Berkshire Hathaway analyses that the majority of residents will soon be returned.
Graziose stated that the market forecast an increase in vacancy rates of 3 to 6 percent. Which tells that the demand in Westchester homes and Equestrian Farms For Sale in Upstate New York will find an influx in recent times. Moreover, multi-family homes supply will soon expand in Westchester, matching the rapid market demands.
Westchester Concierge For Any Real Estate Needs
Westchester Concierge is a multiple listing service in real estate for home buyers and sellers. The company’s purpose isn’t just on home and property closing, but also focus on first homeownership to help families and individuals to start a new life chapter.
Currently Westchester Concierge is the leader in temporary housing market, but the company also provide service in Westchester County Real Estate Homes For Sale and Equestrian Farms For Sale in Upstate New York.
The company is convinced in delivering a total home selling and buying satisfaction and experience to their clients. As it always requires dedication and ability to maintain a solid real estate process.
Westchester Concierge experience and expertise in the real estate market will allow clients to achieve maximum results and meet their desires. It has been their commitment since early days to provide clients with exceptional service from a highly skilled and talented owner, Michele Belle.
Any Westchester County Real Estate Homes For Sale and Equestrian Farms For Sale in Upstate New York come in full facility, equipped with everything to guarantee an memorable stay. With many available homes and property units, there is no reason to turn back on your real estate needs. Get a quote from Westchester Concierge and select the best unit now!