Latimer, HGAR Tout Westchester’s Booming Housing Market.
View Full Press Conference Here: https://youtu.be/x3KSX8h5F9k
(White Plains, NY) – Sales of homes in Westchester County continued booming in 2021. The flourishing sales in Westchester County is leading to thriving statistics across the Hudson Valley with numbers higher than compared to the past three years according to Hudson Gateway Association of Realtors (HGAR).
County Executive George Latimer said: “We have long known that Westchester County is a desirable place to live. No one is fleeing Westchester County – and anyone who says that is just pushing rhetoric. We have urban, suburban and even rural settings, we have an excellent mass transit system and a top class educational system. Business, small and large, is booming here in Westchester and our housing market reflects all of this and more.”
According to HGAR, Q2 2021 continued the trends seen in the first quarter – strong buyer demand and low inventory in most market segments, coupled with low interest rates, drove multiple offers for above asking price on many properties.
• Single-Family Median Sales Price increased 17.7 percent to $835,500.
o Compared to $710,000 in second-quarter 2020 and $702,500 in the same period of 2019
o In May, the National Association of REALTORS® reported that the median sales price of existing homes rose by 24% over the previous year – the highest increase since 1999.
• Single-Family Closed Sales were up 54.4 percent to 1,828.
• Condos Closed Sales were up 95.6 percent to 401.
• Co-ops Closed Sales were up 47.1 percent to 509.
• Condos Median Sales Price increased 3.8 percent to $405,000.
• Co-ops Median Sales Price held steady at $190,000.
CEO Hudson Gateway Association of REALTORS® (HGAR) and President and Chief Strategic Growth Officer, OneKey® MLS Richard Haggerty said: “Residential home sales in Westchester County for the second quarter of 2021 continued a remarkable recovery from the depths of the Covid-19 crisis a year ago, with strong gains both in the number of sales as well as increased median sales prices, and at this juncture these trends show no signs of abating.”
For information on programs to assist with homeownership, click here: https://homes.westchestergov.
Last week, Latimer announced that over the past four years, Westchester County has experienced a decrease in major crimes. Latimer, crediting the County Police Department and local police departments with a more proactive approach to preventing crime and collaborative policing strategies.
2017 to 2020
· Index Crimes, 11% decrease
· Violent Crimes, 18.8 % decrease
· Property Crimes, 9.4% decrease
· Violent Crimes with Firearms, 22.3 % decrease
· Weapons Secured, 370% increase
Latimer said: “I commend the work of our brave men and women in making the streets of Westchester County safer than four years ago. Fighting crime is sometimes with a heavy hand, and sometimes it’s making more proactive and inclusive choices. Proactive and inclusive choices – which are hallmarks of my administration- are what we are seeing here today. All the law enforcement in this County is working to make Westchester safe and I am glad to say today that we are seeing the results of their hard work.”
Westchester County Department of Public Safety Commissioner Sheriff Thomas Gleason said: “I want to thank County Executive Latimer for his support of our brave men and women and his support of our approach to policing. Law enforcement is part of the community and it is only when we work together that we can succeed.”
Latimer said: “We cannot predict the future, but we are committed to monitoring crime statistics and providing resources where and when they might be needed.”
The decrease in crime statistics come from the New York State Division of Criminal Justice Services and Westchester County Department of Public Safety.
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