Peekskill Real Estate Market 2nd Quarter 2011

J Philip Faranda July 10, 2011

Peekskill Westchester CountyThis is the market data for the second quarter of 2011 for single family homes in Peekskill, and all information is sourced from the Empire Access (formerly Westchester-Putnam) Multiple Listing Service.

In the 2nd quarter of 2011 there were 14 closings at a median price of $239,500. 

In the 2nd quarter of 2010, Peekskill had 16 closings at a median of $267,500. 

Prices continue to slide in Peekskill, and transaction totals are also down some. It is a good time to be a buyer, and investors know this- there are 11 homes under contract at a median asking price of only $160,000. The less expensive inventory is all that’s moving. 

 

There are  73 active listings with a $290,000 median list price. That is over 18 months of available inventory at incredible prices compared to the bulk of Westchester County. 

I’ll repeat: Now is the time to buy in in this beautiful, historic town on the banks of the Hudson. Peekskill also has a plethora of condomiums as well, and I may post a market update on that sector also. 

Get yourself a free Listingbook account and check out homes for sale in Peekskill. 

Previous posts about Peekskill are here.  

 

 

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