MARKET ACTION REPORT

Egen Warner

October 2011
Broker Associate 914-424-7231 egen.warner@cbmoves.com (914) 633-5540
Trending Versus*: Trending Versus*:

City: Mount Vernon

Price Range: ALL | Properties: Single Family Home

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings October Median Sales Price October Average Sales Price Total Properties Currently for Sale (Inventory) October Number of Properties Sold October Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) October Sold Price per Square Foot October Month's Supply of Inventory October Sale Price vs List Price Ratio

Month

LM

L3M PYM
-5% -19% -13% -2% -17% 17% -1%

LY

YTD
$352,500 $358,864 76 197 $183 $167 22.1 93.9%

PriorYTD
-3% -9% -4% 13% -9% -6% -28% -2.1%

PriorYear
1% -7% 16% -6% -5% -27% -1.9%

$380,000 1% $440,844 3% $333,750 -13% $284,250 -27% 142 -1% 6 -40% 158 -29% $178 -5% $148 -25% 23.7 64% 93.1% -2.2%

-5% 4% -21% -5% -29% -26% -10% 0% -13% -7% -11% -9% -19% -16% -10% -22% -2% -2.8%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales
October Property sales were 6, equal to 6 in October of 2010 and -40.0% lower than the 10 sales last month. October 2011 sales were at their lowest level compared to October of 2010 and 2009. October YTD sales of 76 are running -3.8% behind last year's year-to-date sales of 79.

Prices
The Median Sales Price in October was $333,750, down -20.5% from $420,000 in October of 2010 and down -13.3% from $385,000 last month. The Average Sales Price in October was $284,250, down -29.4% from $402,500 in October of 2010 and down -26.8% from $388,200 last month. October 2011 ASP was at the lowest level compared to October of 2010 and 2009.

Based on information from Empire Access Multiple Listing Service, Inc. for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

MARKET ACTION REPORT

Egen Warner

October 2011
Broker Associate 914-424-7231 egen.warner@cbmoves.com (914) 633-5540

City: Mount Vernon

Price Range: ALL | Properties: Single Family Home

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 142, down -1.4% from 144 last month and down -10.1% from 158 in October of last year. October 2011 Inventory was at a mid range compared to October of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 23.7 months was at a mid range compared with October of 2010 and 2009.

Market Time
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for October was 158, down -29.1% from 223 days last month and down -13.2% from 182 days in October of last year. The October 2011 DOM was at its lowest level compared with October of 2010 and 2009.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The October 2011 Selling Price per Square Foot of $148 was down -25.3% from $198 last month and down 18.7% from $182 in October of last year.

Based on information from Empire Access Multiple Listing Service, Inc. for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

MARKET ACTION REPORT

Egen Warner

October 2011
Broker Associate 914-424-7231 egen.warner@cbmoves.com (914) 633-5540

City: Mount Vernon

Price Range: ALL | Properties: Single Family Home

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The October 2011 Selling Price vs Original List Price of 93.1% was down from 95.2% last month and down from 94.9% in October of last year.

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 October 2011 was 26, up 52.9% from 17 last month and up 23.8% from 21 in October of last year.

Based on information from Empire Access Multiple Listing Service, Inc. for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.