The town of Cortlandt has many moving parts: The villages of Croton on Hudson and Buchanan, the Hamlet of Verplanck, Cortlandt Manor, and right in the middle, the separate municipality of the city of Peekskill. Croton and Peekskill have their own school districts, so the vast majority of Cortlandt is served by the Hendrick Hudson and Lakeland school districts. This is the November 2011 market report for single family homes in Cortlandt covering Hendrick Hudson and Lakeland separately.
Hendrick Hudson Schools
November 2011- 6 homes closed at a median price of $427,500
November 2010- 2 homes closed at a median price of $610,000
11 homes under contract at a median asking price of $369,900
64 homes active at a median asking price of $407,000
November 2011- 6 homes closed at a median price of $302,500
November 2010- 6 homes closed at a median price of $295,000
18 homes under contract at a median asking price of $259,000
72 homes active at a median asking price of $334,9000
In both districts buyers have enormous options and plenty of available choices at asking prices that are below the median asking price of the sold inventory last month. The Hendrick Hudson school district, centered in Buchanan and in the southern part of the town has seen volume rise because more people are acting on the lower priced inventory. In the Lakeland school district on the north side of town, more people are also taking advantage of the lower priced homes.
With 11 homes under contract in Hendrick Hudson ("Hen Hud" to the locals) and 18 pending sale in Lakeland, it is clear that the market will be active going into the winter.
What can you get for around $300,000 in Cortlandt? We have a 2100 square foot contemporary on almost an acre with 4 bedrooms and 2 baths priced at $299,900. That was unthinkably low a few short years ago.
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All information is taken from the Empire Access Multiple Listing Service.