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Douglas Elliman Report: Westchester & Putnam Sales 2Q 2011

A quarterly survey of Westchester & Putnam residential sales.

…All three price indicators for the Westchester housing market showed year-over-year increases, aslargerpropertiesgainedfavor. Median sales price, price per square foot, and average sales price posted year-over-year gains of 4.9%, 3.2% and9.3%,respectively. However,the increase was generally related to the shift toward larger property sales and it would be more accurate to characterize the market as stable. The average square footage of a home sold in the second quarter was 2,236, up 5.9% from 2,112 in the same period last year…

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