The Median Sold Price by month is up by 6% in Westchester. These are interesting statistics. The facts are, that in November 2013 the Median Sold price in the 90045 zip code was $770,000 and now in November 2014 the Median Sold Price is $820,000. This is an upward tick of $50,000! Clearly other factors should be looked at as well. For example the...
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I you look at this chart, clearly you can see that inventory as increased a great deal month over month. The part you do not see is that prices have increased by 19% month over month too. Clearly this is a huge increase and shows the desirability factor of “hip cool and trendy Westchester”. There are pros and cons with this. The large increase...