Last week, I published a market report for Ossining which had the median price of a single family home in Ossining schools at $382,000. While Westchester is one of the more expensive counties in our state, Ossining is actually one of the more affordable places to buy from a price point of view.
Today, Coldwell Banker has published a Home Listing Report which surveys 164 New York housing markets and has ranked Ossining (!) as the most expensive market in our state with an average price of almost $920,000. Being a native of Ossining and with an office in town, I was intrigued as to how they came to that conclusion, so I dug a little deeper.
There were quite a few characteristics of the data to consider to put the numbers in context:
- The span of time measured was listings taken was from September, 2010 to March 2011.
- The only property type surveyed was 4 bedroom, 2 bath single family homes.
- The only homes surveyed were homes listed with Coldwell Banker themselves.
- The prices measured were asking prices, not sale prices.