2019 was a great year selling Westchester County real estate at NestEdge Realty. The theme of the last two years stayed very much the same. The lower end of the market remained quite strong, while the upper end of the market would undoubtedly be considered a buyers market.
Whether the client was looking for new homes in Chappaqua or existing homes for sale in Scarsdale, our advice remained precisely the same. For a high-priced home, a buyer would be well advised to submit a low bid while the buyer of a less expensive home that was priced correctly and renovated well would be advised to bid quite strong right out of the box.
The Westchester real estate market experiences what I would call annual seasonality. Throughout the holiday period is a tranquil time in the Westchester real estate market. The busiest time of the year is in the late winter and the early spring. The most substantial amount of transactions are generally closed in Westchester county within the second quarter and early third quarter.
At the current time inventory remains very low. However, as we approach Presidents’ Day weekend, the number of listings coming onto the market generally increases gradually. After President’s weekend and throughout March, the number of homes for sale in most Westchester towns will skyrocket.
For homebuyers who are looking to purchase a home and move into that home in time for the next school year, now would be the time to begin getting engaged in the home search. At NestEdge Realty we advise our buyers to start looking at homes in their desired areas, even Homes you are not necessarily interested in. Due to the fact that the lion’s share of homes are generally closed within a short timeframe, it is integral for a buyer to be aware of current pricing trends in their target market.