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WPCNR QUILL & EYESHADE. October 18, 2012:
White Plains Single Family Home Closings for the third quarter of 2012 were up sharply -- 41% more than the third quarter of 2011, and up 140% over the 2nd quarter of this year.
In July, August, and September, 72 homes sold compared to 51 in the same time period last year, according to Mike Graessle of the Better Homes and Gardens/ Rand Realty agency in White Plains.
The median selling price of a single family White Plains home closing in the third quarter was $637,125, up 9% from $585,000 a year ago-- the average selling price $693,634 up 12%. Single Family homes closing in the third quarter stayed on the market about 6 months before selling.
Condominium sales were down 8% from last year's third quarter, and down 34% from the second quarter of this year. The average selling price was down 35% to $388,873 compared to $592,844 in last year's third quarter.
Co-ops faired better, sales up 16% from last year and 19% from the 2nd quarter of 2012. Co-op sale rices were up slightly, averaging $189,051, compared to $184,676 in the same quarter last year. The median sales price was down 6% to $168,500.
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