This is the market report for Chappaqua, NY for the 2nd quarter of 2011. It covers single family homes in the Chappaqua from April 1, 2011 to June 30, 2011. All data is from the Empire Access MLS.
In the 2nd quarter of 2011, Chappaqua had 35 closings at a median sale price of $745,000.
In the 2nd quarter of 2010, Chappaqua had 37 closings at a median sale price of $773,000.
Volume and prices are quite steady compared to the same time period last year. They are down just a little bit, but they remain steady.
There are 42 homes currently under contract at a median asking price of $899,000. This is $100,000 more than the median sale price, so higher end inventory is moving.
There are 186 active listings at a median asking price of $989,000. Higher cost homes take longer to sell, and while Chappaqua is quite healthy, it isn't immune from the overall trend. That's why there is over a year's worth of available inventory. We just closed on a beautiful listing here in the Spring and are working to help the clients find a new home.
This is a renowned community with renowned residents (the Clintons live here, as does Vanessa Williams), and some of the available properties are multi million dollar, breathtaking places. If you are looking in this price strata and you prefer northern Westchester, Chappaqua could be on your short list.
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