MARKET ACTION REPORT November 2010

Agent Name
Zip Code: 10567 - Cortlandt Manor Title
Phone
Website
Other
Price Range: All | Properties: Single Family
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $449,900
Average List Price of all Current Listings $523,442
November Median Sales Price $325,000 $368,500
November Average Sales Price $374,706 $399,640
Total Properties Currently for Sale (Inventory) 124
November Number of Properties Sold 9 109
November Average Days on Market (Solds) 121 172
Asking Price per Square Foot (based on New Listings) $219 $213
November Sold Price per Square Foot $193 $199
November Month's Supply of Inventory 13.8 14.2
November Sale Price vs List Price Ratio 92.2% 95.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

18
Property Sales 16

16

16
November Property sales were 9, down 43.8% from 14

15
16 in November of 2009 and 18.2% lower than the 11 12
13

13

13

13

12
sales last month. November 2010 sales were at a mid 10
11

11
11

11

11
10
level compared to November of 2009 and 2008. 8
9

9
9
9

9
8

8
November YTD sales of 109 are running 13.5% ahead 6
7

7
6
6

6
of last year's year-to-date sales of 96. 4

5
4

2
3

0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 700
The Median Sales Price in November was $325,000, 650
down 7.9% from $353,000 in November of 2009 and 600
down 7.0% from $349,500 last month. The Average 550
500
Sales Price in November was $374,706, down 5.4% 450
from $396,264 in November of 2009 and up 1.6% 400
from $368,955 last month. November 2010 ASP was 350
at the lowest level compared to November of 2009 300
and 2008. 250
200
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
200 40
The Total Inventory of Properties available for sale as of
180 35
November was 124, down 5.3% from 131 last month and
178
178
174

160
169

down 2.4% from 127 in November of last year. November 30

159
158
157
156

156
154

152

140
148
145

144
143

2010 Inventory was at a mid level compared with

140

137

136

25
133
132

131

120
129

129

127

126

124

November of 2009 and 2008.

122

122

120
118

116
111

100 20
106
103
102
100

80 15
A comparatively lower MSI is more beneficial for sellers 60
10
while a higher MSI is better for buyers. The November 40
20 5
2010 MSI of 13.8 months was at a mid level compared
with November of 2009 and 2008. 0 0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT November 2010
Agent Name
Zip Code: 10567 - Cortlandt Manor Title
Phone
Website
Other
Price Range: All | Properties: Single Family

Days On Market for Sold Properties

Market Time 300
Average Days on Market (Listing to Contract) for properties sold during the month
277
3 Mo Avg
The average Days On Market (DOM) shows how many 280
days the average Property is on the market before it 260
sells. An upward trend in DOM tends to indicate a move 240
towards more of a Buyer's market, a downward trend a 220
move towards more of a Seller's market. The DOM for 200
November was 121, down 22.4% from 156 days last 180
month and down 8.3% from 132 days in November of 160 132
last year. The November 2010 DOM was at its lowest 140 121
level compared with November of 2009 and 2008. 120
100
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 250
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for 240
the direction of Property values. Since Median Sales 230 217
Price and Average Sales price can be impacted by the 220
'mix' of high or low end Properties in the market, the 210 196 193
selling price per square foot is a more normalized 200
indicator on the direction of Property values. The 190
November 2010 Selling Price per Square Foot of $193 180
was up 4.7% from $184 last month and down 1.8% from 170
196 in November of last year. 160
150
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 99%
97.5%
The Selling Price vs Original Listing Price reveals the 98%
average amount that Sellers are agreeing to come down 97%
from their original list price. The lower the ratio is 96% 95.2%
below 100% the more of a Buyer's market exists, a ratio
95%
at or above 100% indicates more of a Seller's market.
94%
The November 2010 Selling Price vs Original List Price
93% 92.2%
of 92.2% was down from 94.0% last month and down
from 95.2% in November of last year. 92%
91%
90%
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 200 Inventory New Listings Sales
This last view of the market combines monthly 180
178
178
174

160
169

inventory of Properties for sale along with New Listings

159
158
157
156

156
154

152

140
148
145

and Sales. The graph shows the basic annual

144
143
140

137

136

133
132

120
131
129

129

127

126

124

seasonality of the market as well as the relationship

122

122

120
118

116

100
111
106

between these items. The number of New Listings in

103
102
100

80
November 2010 was 23, up 43.8% from 16 last month
60
and up 43.8% from 16 in November of last year.
40
20
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales November 2010
Agent Name
Zip Code: 10567 - Cortlandt Manor Title
Phone
Website
Other
Price Range: All | Properties: Single Family

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2010 was 23, up
43.8% from 16 last month and up 43.8% from 16 in November of last year.

200 Inventory New Listings Sales

180
178
178
174

169

160

159
158
157
156

156
154

152

148
140

145

144
143
140

137

136

133
132

131
129

129

127

126
120

124
122

122

120
118

116
111
106
100
103
102
100

80

60

40
45

43

39
35
34

33
32

31

31
29

29

29

29
28
26

26
20
25

25
24

24
23

23

23
21

21

19
18

16

16
16

16
15

15

15

15
14
13

13

13

13
12

12
11

11

11

11

10

10

11

11
9

9
7

8
0
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.