This is the market data for September of 2010 for single family homes in Peekskill, and all information is sourced from the Empire access (formerly Westchester-Putnam) MLS.
To say that I am bullish on Peekskill is an understatement.
Now, the good news. There are FIFTEEN homes under contract in Peekskill now, and I have one of them. It is simply too nice a place for people not to take advantage of the affordability. I said this in September:
when the buyers wake up to what they can get at these low prices, you’ll see a spike. All markets are cyclical, and I think we are witnessing the calm before a storm of activity.
Expect a powerful finish to 2010 and strong first quarter for 2011 in this wonderful Hudson River town.
Previous posts about Peekskill are here.