Somers Real Estate Market 2nd Quarter 2011

J Philip Faranda July 18, 2011

Somers in north Westchester CountySomers is near and dear to my heart. I went to high school here at John F Kennedy Catholic. The area is located in northern Westchester County and is very wooded and pleasant, with the NYC reservoir system running along much of its eastern border. Appearances can be deceiving: There is quite a bit of industry here, with huge complexes for both IBM and Pepsi hidden from street view on bucolic campuses. Somers also lays claim to being the cradle of the American circus, with the high school mascot as the “Tusker” and town hall at the Elephant Hotel. 

The real estate market is also active.The following is the market activity for the 2nd quarter of 2001 for single family homes taken from the Empire Access MLS. 

This past quarter, 26 homes sold at a median price of $538,500. 

For the same period in 2010, 33 homes closed at a median price of $585,000. 

Given the effect of the Stimulus on 2010 stats, Somers should be considered very stable. 

There are 19 homes under contract at a median price of $475,000, which suggests that the lower priced sector is having more activity than more expensive homes. 

137 homes are active at a median asking price of $580,000. 

No mention of Somers would be complete without also noting Heritage Hills, the huge condiminium community here, which has the bulk of 69 units on the market at a median list price of $369,000. Last quarter there were 22 condo sales closed at a median price of $372,500. 

To find a home in Somers online, get yourself a free Listingbook account and search the MLS like an agent

The Elephant Hotel

The Elephant

JF Kennedy Catholic High School Campus

 

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