Houlihan Lawrence4th Quarter 2013 Market Report

HoulihanLawrence.com

Presented by

Brian S. MurrayLicensed Real Estate Salesperson

Bedford Village Green

Office: 914.234.9099 Ext. 22388Mobile: 914.417.1510

Fax:bmurray@houlihanlawrence.com

Q4–2013houlihanlawrence.com

4th Quarter 2013 EXECUTIVE SUMMARY January, 2014

The Westchester, Putnam, and Dutchess County real estate markets closed 2013 in much the same way we ended 2012 - with a new post-recession high for homes sold, and with pending sales indicating the region is poised for continued sales growth in the year ahead.

Even with sharply higher levels of sales and a continuing shortage of inventory, price increases remain modest; median home values were up roughly 2-4% in 2013 across most local communities. We expect this to remain the case in 2014 as the steady creep up in mortgage rates exerts a drag on home prices even as demand continues to be strong.

For 2013, single family home sales in Westchester County surged 22% to 5,435 units, the highest level since 2005, with double-digit sales growth across nearly every price range and local community. Nearly 1,000 more Westchester homes sold at an average of 6% faster than in 2012. The median price for a Westchester home increased 4% to $610,000. In general, the strongest sales gains were seen in markets that had previously lagged in the recovery. For example, Northern Westchester communities across the board sold more homes in 2013, with Chappaqua, Yorktown and Somers among the biggest gainers in all Westchester.

In Putnam, single-family home sales were up 13% for 2013, with the median home price up 3% to $307,000. Garrison, a popular second-home market for New York City residents, led the rebound in Putnam by tripling home sales to 39 from 13 in 2012. Further north in Dutchess County, home sales increased 15%. Although the median home price inched up just 1% to $244,250, Dutchess finally halted a grueling run of six consecutive years of price declines that shaved nearly 30% from home values since 2006.

Just as the recovery trickled up to higher price points over the past 24 months, the recovery also spread into other forms of home ownership. For example, Westchester condominium and co-op sales increased 15% and 22% respectively in 2013. Many 2013 condo and co-op buyers were downsizers, who sold their single-family homes and desired more manageable, easier to maintain residences.

Looking forward, pending sales are up in the 10% range across most markets, and inventory is slowly being replenished as homeowners recognize that market conditions have become more favorable. Overall, we expect the current market environment to remain stable through at least the first half of 2014. We have a healthy, active market in which neither buyers nor sellers are able to exert relative market power. Sellers who position their property well generate strong interest and often receive multiple bids close to or even above their asking price. Buyers who are prepared to move quickly are usually able to get the best deals.

Houlihan Lawrence’s Greenwich office has released our Greenwich Q4-2013 Market Report. Like Westchester, Greenwich posted solid gains in 2013, and shows momentum as we enter 2014. We are thrilled to be a part of the Greenwich community and look forward to continued participation in this exciting market.

Sincerely,

Stephen Meyers President, CEO

Chris Meyers Managing Principal

Q4-2013houlihanlawrence.com

Table of ContentsClick on a green heading to jump to that page.

WESTCHESTER COUNTYOverview Single-family HomesSupply/Demand SnapshotTen-Year Market History

New York City GatewayMount VernonNew RochellePelhamYonkers

Lower WestchesterBronxvilleEastchesterEdgemontScarsdaleTuckahoe

The RivertownsArdsleyBriarcliff ManorDobbs FerryElmsfordHastingsIrvingtonMount PleasantOssiningPleasantvillePocantico HillsTarrytown

Greater White PlainsGreenburghValhallaWhite Plains

The Sound ShoreBlind BrookHarrisonMamaroneckPort ChesterRye CityRye Neck

Northern WestchesterBedfordByram HillsChappaquaKatonah–LewisboroNorth SalemSomers

Northwest WestchesterCroton–HarmonHendrick HudsonLakelandPeekskillYorktown

Westchester CondominiumsOverviewSupply/Demand SnapshotTen-Year Market History

Westchester Co-OperativesOverviewSupply/Demand SnapshotTen-Year Market History

PUTNAM COUNTYBrewsterCarmelGarrisonHaldaneLakelandMahopacPutnam Valley

Putnam CondominiumsOverviewSupply/Demand SnapshotTen-Year Market History

DUTCHESS COUNTYOverview Single-family HomesSupply/Demand SnapshotTen-Year Market History

Southeast DutchessBeekmanDoverPawlingUnion Vale

Southwest DutchessBeaconEast FishkillFishkillLaGrangePoughkeepsiePoughkeepsie/CityWappinger

Northeast DutchessAmeniaNorth EastPine PlainsStanfordWashington

Northwest DutchessClintonHyde ParkMilanPleasant ValleyRed HookRhinebeck

Dutchess CondominiumsOverviewSupply/Demand SnapshotTen-Year Market History

Q4-2013houlihanlawrence.com

Westchester County Single-family HomesOverview

Q4-2013 Q4-2012 % Change Full Year 2013 Full Year 2012 % ChangeHomes Sold 1221 1044 17.0% 5435 4475 21.5%Average Sale Price $743,086 $795,599 -6.6% $812,116 $800,491 1.5%Median Sale Price $560,000 $545,000 2.8% $610,000 $587,000 3.9%Average Days on Market 175 196 -10.7% 178 190 -6.3%% Sale Price to List Price 95.6 92.9 2.9% 96.1 94.4 1.8%

Supply/Demand SnapshotAs of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $499,999 765 347 2 915 371 2 -16.4% -6.5%$500,000 - $699,999 463 166 3 493 149 3 -6.1% 11.4%$700,000 - $999,999 341 144 2 385 98 4 -11.4% 46.9%$1,000,000 - $1,499,999 212 99 2 238 87 3 -10.9% 13.8%$1,500,000 - $1,999,999 149 63 2 145 31 5 2.8% 103.2%$2,000,000 - $2,499,999 67 26 3 77 21 4 -13.0% 23.8%$2,500,000 - $2,999,999 51 17 3 50 6 8 2.0% 183.3%$3,000,000 - $3,999,999 56 12 5 69 9 8 -18.8% 33.3%$4,000,000 and up 90 16 6 60 6 10 50.0% 166.7%Market Totals 2194 890 2 2432 778 3 -9.8% 14.4%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$829,006 $881,789 $913,997 $936,242 $881,437 $763,469 $827,990 $814,240 $800,491 $812,116 AverageSale Price

Average PricePer Square Foot

$322 $345 $348 $350 $334 $297 $305 $292 $286 $297 Average PricePer Square Foot

Dayson Market

140 140 153 164 169 178 176 181 190 178 Dayson Market

% Sale Priceto List Price

98.1 97.6 96.4 96.0 95.2 92.9 94.2 94.3 94.4 96.1 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes

NYC GatewaySingle-family homes

New Rochelle

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Mount Vernon 27 21 29% 100 96 4%

New Rochelle 79 66 20% 340 262 30%

Pelham 35 13 169% 144 115 25%

Yonkers 135 103 31% 464 404 15%

NYC Gateway 276 203 36% 1048 877 20%

Click on a School district to obtainthe latest monthly market report.

Mount Vernon New Rochelle

Pelham Yonkers

Homes Soldup 20%2013 vs.

2012Median Price

up 7%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Mount Vernon $400,000 $270,000 48%  $370,000 $317,000 17%

New Rochelle $610,000 $520,000 17%  $580,000 $567,500 2%

Pelham $675,000 $685,000 -2%  $750,000 $685,000 10%

Yonkers $401,000 $373,000 8%  $420,250 $390,000 8%

NYC Gateway $455,000 $400,000 14%  $495,000 $465,000 7%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8

NYC GatewaySingle-family homes

Q4-2013 Market Report

Mount Vernon, New Rochelle, Pelham, YonkersClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 53 28 2 66 31 2 -19.7% -9.7%

$300,000  -$399,999 95 41 2 104 52 2 -8.7% -21.2%

$400,000 - $499,999 94 36 3 98 33 3 -4.1% 9.1%

$500,000 - $599,999 76 22 3 85 29 3 -10.6% -24.1%

$600,000 - $799,999 75 31 2 76 24 3 -1.3% 29.2%

$800,000 - $999,999 36 12 3 30 4 8 20.0% 200.0%

$1,000,000 - $1,999,999 49 17 3 31 10 3 58.1% 70.0%

$2,000,000 and up 7 0 Not Valid 8 0 Not Valid -12.5% 0.0%

Market Totals 485 187 3 498 183 3 -2.6% 2.2%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$601,033 $684,970 $658,763 $668,933 $619,854 $539,928 $572,784 $574,874 $539,314 $567,634 AverageSale Price

Average PricePer Square Foot

$270 $295 $292 $298 $283 $254 $253 $245 $239 $253 Average PricePer Square Foot

Dayson Market

138 140 151 160 165 180 178 180 197 182 Dayson Market

% Sale Priceto List Price

97.9 98.0 96.7 96.4 95.6 94.1 94.5 94.3 94.4 95.8 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zones 7 & 8

Lower WestchesterSingle-family homes

Scarsdale

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Bronxville 12 10 20% 83 81 3%

Eastchester 32 16 100% 120 79 52%

Edgemont 18 16 13% 92 98 -6%

Scarsdale 32 48 -33% 237 226 5%

Tuckahoe 10 9 11% 43 36 19%

Lower Westchester 104 99 5% 575 520 11%

Click on a School district to obtainthe latest monthly market report.

Bronxville Eastchester

Edgemont Scarsdale

Tuckahoe

Homes Soldup 11%2013 vs.

2012Median PriceUnchanged

2013 vs.2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Bronxville $1,887,500 $2,335,000 -19%  $1,655,000 $1,600,000 3%

Eastchester $606,275 $529,500 15%  $587,500 $555,000 6%

Edgemont $1,084,999 $747,500 45%  $968,750 $908,125 7%

Scarsdale $1,106,500 $1,315,000 -16%  $1,297,500 $1,325,000 -2%

Tuckahoe $592,500 $700,000 -15%  $695,000 $660,000 5%

Lower Westchester $885,000 $995,000 -11%  $998,000 $999,999 0%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6

Lower WestchesterSingle-family homes

Q4-2013 Market Report

Bronxville, Eastchester, Edgemont, Scarsdale, TuckahoeClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $499,999 2 3 1 6 2 3 -66.7% 50.0%

$500,000 - $699,999 22 16 1 33 17 2 -33.3% -5.9%

$700,000 - $999,999 21 24 1 39 12 3 -46.2% 100.0%

$1,000,000 - $1,499,999 20 15 1 37 13 3 -45.9% 15.4%

$1,500,000 - $1,999,999 18 12 2 14 9 2 28.6% 33.3%

$2,000,000 - $2,499,999 8 10 1 13 8 2 -38.5% 25.0%

$2,500,000 - $2,999,999 9 6 2 8 1 8 12.5% 500.0%

$3,000,000 - $3,999,999 5 4 1 8 2 4 -37.5% 100.0%

$4,000,000 and up 12 1 12 8 2 4 50.0% -50.0%

Market Totals 117 91 1 166 66 3 -29.5% 37.9%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$1,204,413 $1,330,846 $1,351,736 $1,393,748 $1,297,435 $1,212,153 $1,302,610 $1,282,116 $1,312,425 $1,265,913 AverageSale Price

Average PricePer Square Foot

$417 $447 $456 $455 $440 $387 $411 $398 $402 $413 Average PricePer Square Foot

Dayson Market

147 148 161 164 162 185 177 174 169 168 Dayson Market

% Sale Priceto List Price

99.1 97.5 96.5 96.6 95.6 91.9 94.6 95.0 96.0 96.5 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 6

The RivertownsSingle-family homes

The Rivertowns

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Ardsley 25 20 25% 107 84 27%

Briarcliff Manor 13 12 8% 81 55 47%

Dobbs Ferry 11 10 10% 61 59 3%

Elmsford 10 14 -29% 46 37 24%

Hastings 13 18 -28% 86 59 46%

Irvington 12 12 0% 75 77 -3%

Mount Pleasant 19 20 -5% 82 86 -5%

Ossining 41 48 -15% 157 145 8%

Pleasantville 16 17 -6% 74 71 4%

Pocantico Hills 1 2 -50% 8 8 0%

Tarrytown 17 10 70% 65 52 25%

The Rivertowns 178 183 -3% 842 733 15%

Click on a School district to obtainthe latest monthly market report.

Ardsley Briarcliff Manor Dobbs FerryElmsford Hastings Irvington

Mount Pleasant Ossining PleasantvillePocantico Hills Tarrytown

Homes Soldup 15%2013 vs.

2012Median Price

up 6%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Ardsley $655,000 $510,000 28%  $611,700 $523,750 17%

Briarcliff Manor $725,000 $826,450 -12%  $765,000 $800,000 -4%

Dobbs Ferry $540,000 $544,950 -1%  $650,000 $629,000 3%

Elmsford $438,500 $337,500 30%  $409,000 $405,000 1%

Hastings $775,000 $622,500 25%  $660,000 $625,000 6%

Irvington $732,500 $725,000 1%  $949,000 $740,000 28%

Mount Pleasant $530,000 $521,000 2%  $513,500 $490,000 5%

Ossining $359,000 $327,500 10%  $375,000 $355,000 6%

Pleasantville $557,500 $560,000 0%  $572,500 $525,000 9%

Pocantico Hills $510,000 $783,250 -35%  $635,750 $790,955 -20%

Tarrytown $555,000 $537,500 3%  $564,000 $550,000 3%

The Rivertowns $537,500 $522,000 3%  $569,500 $535,000 6%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3

The RivertownsSingle-family homes

Q4-2013 Market Report

Ardsley, Briarcliff Manor, Dobbs Ferry, Elmsford, Hastings, Irvington, Mount Pleasant, Ossining, Pleasantville, Pocantico Hills, TarrytownClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 15 23 1 49 17 3 -69.4% 35.3%

$300,000  -$399,999 32 21 2 46 16 3 -30.4% 31.3%

$400,000 - $499,999 45 17 3 54 21 3 -16.7% -19.0%

$500,000 - $599,999 64 13 5 50 19 3 28.0% -31.6%

$600,000 - $799,999 57 32 2 67 15 4 -14.9% 113.3%

$800,000 - $999,999 25 14 2 26 11 2 -3.8% 27.3%

$1,000,000 - $1,999,999 50 36 1 55 34 2 -9.1% 5.9%

$2,000,000 and up 23 3 8 15 4 4 53.3% -25.0%

Market Totals 311 159 2 362 137 3 -14.1% 16.1%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$716,948 $749,612 $737,385 $719,413 $727,417 $622,480 $630,618 $620,144 $608,046 $665,323 AverageSale Price

Average PricePer Square Foot

$314 $335 $329 $327 $313 $288 $281 $274 $264 $286 Average PricePer Square Foot

Dayson Market

139 138 146 158 175 173 175 184 196 179 Dayson Market

% Sale Priceto List Price

98.3 98.0 96.5 96.6 95.6 94.7 94.7 95.1 95.3 97.5 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 3

Greater White PlainsSingle-family homes

White Plains

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Greenburgh 29 27 7% 134 100 34%

Valhalla 22 14 57% 89 44 102%

White Plains 52 43 21% 227 177 28%

Greater White Plains 103 84 23% 450 321 40%

Click on a School district to obtainthe latest monthly market report.

Greenburgh Valhalla White Plains

Homes Soldup 40%2013 vs.

2012Median Price

up 2%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Greenburgh $425,000 $380,000 12%  $433,000 $426,877 1%

Valhalla $540,000 $472,450 14%  $527,500 $452,500 17%

White Plains $616,750 $605,000 2%  $565,000 $592,000 -5%

Greater White Plains $545,000 $498,500 9%  $521,500 $510,000 2%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4

Greater White PlainsSingle-family homes

Q4-2013 Market Report

Greenburgh, Valhalla, White PlainsClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 7 3 2 14 8 2 -50.0% -62.5%

$300,000  -$399,999 16 11 1 33 18 2 -51.5% -38.9%

$400,000 - $499,999 31 14 2 33 11 3 -6.1% 27.3%

$500,000 - $599,999 27 16 2 25 10 3 8.0% 60.0%

$600,000 - $799,999 20 13 2 22 17 1 -9.1% -23.5%

$800,000 - $999,999 14 5 3 9 3 3 55.6% 66.7%

$1,000,000 - $1,999,999 14 1 14 8 4 2 75.0% -75.0%

$2,000,000 and up 0 0 0 1 0 Not Valid -100.0% 0.0%

Market Totals 129 63 2 145 71 2 -11.0% -11.3%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$613,760 $674,650 $675,274 $672,834 $658,832 $579,604 $578,480 $532,545 $563,760 $555,397 AverageSale Price

Average PricePer Square Foot

$294 $332 $328 $325 $308 $284 $272 $258 $252 $264 Average PricePer Square Foot

Dayson Market

120 118 132 142 163 169 166 173 193 175 Dayson Market

% Sale Priceto List Price

99.5 98.9 97.3 97.1 95.9 93.9 95.4 95.1 95.0 96.8 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 4

The Sound ShoreSingle-family homes

The Sound Shore

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Blind Brook 22 12 83% 101 61 66%

Harrison 38 33 15% 152 131 16%

Mamaroneck 55 45 22% 271 223 22%

Port Chester 25 19 32% 104 79 32%

Rye City 22 34 -35% 174 153 14%

Rye Neck 17 13 31% 63 49 29%

The Sound Shore 179 156 15% 865 696 24%

Click on a School district to obtainthe latest monthly market report.

Blind Brook Harrison

Mamaroneck Port Chester

Rye City Rye Neck

Homes Soldup 24%2013 vs.

2012Median Price

up 5%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Blind Brook $770,625 $754,250 2%  $762,500 $767,500 -1%

Harrison $1,470,000 $1,061,500 39%  $1,187,500 $949,000 25%

Mamaroneck $985,000 $900,826 9%  $995,000 $998,000 0%

Port Chester $395,000 $512,000 -23%  $400,000 $406,000 -2%

Rye City $1,450,000 $1,725,000 -16%  $1,487,000 $1,570,000 -5%

Rye Neck $757,500 $615,000 23%  $832,500 $640,000 30%

The Sound Shore $855,000 $904,500 -6%  $940,000 $894,500 5%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5

The Sound ShoreSingle-family homes

Q4-2013 Market Report

Blind Brook, Harrison, Mamaroneck, Port Chester, Rye City, Rye NeckClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $499,999 34 23 1 52 30 2 -34.6% -23.3%

$500,000 - $699,999 32 18 2 62 13 5 -48.4% 38.5%

$700,000 - $999,999 43 22 2 52 18 3 -17.3% 22.2%

$1,000,000 - $1,499,999 28 26 1 46 11 4 -39.1% 136.4%

$1,500,000 - $1,999,999 31 22 1 39 8 5 -20.5% 175.0%

$2,000,000 - $2,499,999 24 9 3 25 7 4 -4.0% 28.6%

$2,500,000 - $2,999,999 9 10 1 14 3 5 -35.7% 233.3%

$3,000,000 - $3,999,999 20 3 7 24 5 5 -16.7% -40.0%

$4,000,000 and up 29 10 3 15 2 8 93.3% 400.0%

Market Totals 250 143 2 329 97 3 -24.0% 47.4%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$1,153,411 $1,237,111 $1,316,380 $1,356,202 $1,344,403 $1,149,544 $1,215,667 $1,262,051 $1,226,439 $1,273,604 AverageSale Price

Average PricePer Square Foot

$406 $433 $455 $453 $450 $395 $398 $402 $392 $407 Average PricePer Square Foot

Dayson Market

142 147 152 165 174 179 170 170 176 165 Dayson Market

% Sale Priceto List Price

97.9 96.6 96.7 95.6 94.8 91.2 93.7 94.1 93.9 96.1 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 5

Northern WestchesterSingle-family homes

Bedford

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Bedford 49 45 9% 213 205 4%

Byram Hills 27 35 -23% 153 127 21%

Chappaqua 35 22 59% 218 131 66%

Katonah-Lewisboro 39 34 15% 190 181 5%

North Salem 13 14 -7% 60 58 3%

Somers 36 27 33% 146 114 28%

Northern Westchester 199 177 12% 980 816 20%

Click on a School district to obtainthe latest monthly market report.

Bedford Byram Hills

Chappaqua Katonah–Lewisboro

North Salem Somers

Homes Soldup 20%2013 vs.

2012Median Price

up 7%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Bedford $700,000 $990,000 -29%  $740,000 $705,000 5%

Byram Hills $999,000 $805,000 24%  $999,000 $860,000 16%

Chappaqua $850,000 $757,500 12%  $892,000 $850,000 5%

Katonah-Lewisboro $695,000 $625,000 11%  $644,750 $629,000 3%

North Salem $659,000 $454,319 45%  $490,000 $454,319 8%

Somers $491,900 $357,000 38%  $497,500 $464,000 7%

Northern Westchester $709,000 $717,500 -1%  $739,000 $692,500 7%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2

Northern WestchesterSingle-family homes

Q4-2013 Market Report

Bedford, Byram Hills, Chappaqua, Katonah–Lewisboro, North Salem, SomersClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $499,999 101 36 3 115 31 4 -12.2% 16.1%

$500,000 - $699,999 96 34 3 98 18 5 -2.0% 88.9%

$700,000 - $999,999 103 24 4 127 23 6 -18.9% 4.3%

$1,000,000 - $1,499,999 83 21 4 91 18 5 -8.8% 16.7%

$1,500,000 - $1,999,999 53 10 5 51 10 5 3.9% 0.0%

$2,000,000 - $2,499,999 20 5 4 26 3 9 -23.1% 66.7%

$2,500,000 - $2,999,999 29 1 29 23 1 23 26.1% 0.0%

$3,000,000 - $3,999,999 25 5 5 35 2 18 -28.6% 150.0%

$4,000,000 and up 39 4 10 31 2 16 25.8% 100.0%

Market Totals 549 140 4 597 108 6 -8.0% 29.6%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$1,045,970 $1,117,697 $1,172,111 $1,219,303 $1,073,808 $917,065 $979,814 $939,854 $912,747 $929,868 AverageSale Price

Average PricePer Square Foot

$340 $373 $360 $368 $340 $289 $299 $274 $267 $278 Average PricePer Square Foot

Dayson Market

151 149 169 182 171 180 185 193 199 189 Dayson Market

% Sale Priceto List Price

97.2 97.4 95.8 95.2 94.6 92.7 93.6 93.2 92.8 94.7 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 2

Northwest WestchesterSingle-family homes

Yorktown

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Croton-Harmon 12 19 -37% 75 59 27%

Hendrick Hudson 22 18 22% 89 80 11%

Lakeland 76 45 69% 211 171 23%

Peekskill 21 21 0% 75 60 25%

Yorktown 49 37 32% 217 134 62%

Northwest Westchester 180 140 29% 667 504 32%

Click on a School district to obtainthe latest monthly market report.

Croton–Harmon Hendrick Hudson

Lakeland Peekskill

Yorktown

Homes Soldup 32%2013 vs.

2012Median Price

up 8%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Croton-Harmon $560,000 $410,000 37%  $470,000 $472,500 -1%

Hendrick Hudson $304,950 $302,500 1%  $397,500 $349,000 14%

Lakeland $325,150 $340,000 -4%  $320,000 $322,500 -1%

Peekskill $230,000 $240,000 -4%  $230,500 $240,000 -4%

Yorktown $415,000 $400,000 4%  $413,000 $386,500 7%

Northwest Westchester $351,500 $340,000 3%  $369,000 $342,250 8%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1

Northwest WestchesterSingle-family homes

Q4-2013 Market Report

Croton–Harmon, Hendrick Hudson, Lakeland, Peekskill, YorktownClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 87 45 2 104 47 2 -16.3% -4.3%

$300,000  -$399,999 96 25 4 77 36 2 24.7% -30.6%

$400,000 - $499,999 54 19 3 61 16 4 -11.5% 18.8%

$500,000 - $599,999 27 7 4 23 3 8 17.4% 133.3%

$600,000 - $799,999 49 7 7 34 8 4 44.1% -12.5%

$800,000 - $999,999 17 0 Not Valid 20 2 10 -15.0% -100.0%

$1,000,000 - $1,999,999 14 2 7 11 1 11 27.3% 100.0%

$2,000,000 and up 5 0 Not Valid 2 0 Not Valid 150.0% 0.0%

Market Totals 349 105 3 332 113 3 5.1% -7.1%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$473,575 $518,962 $524,300 $511,158 $513,692 $419,037 $421,273 $395,090 $394,377 $398,011 AverageSale Price

Average PricePer Square Foot

$239 $259 $256 $248 $243 $215 $207 $195 $187 $194 Average PricePer Square Foot

Dayson Market

130 130 151 160 167 177 178 186 193 183 Dayson Market

% Sale Priceto List Price

98.6 97.9 96.5 96.3 95.0 94.8 94.9 94.8 94.9 96.5 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 1

Q4-2013houlihanlawrence.com

Westchester County CondominiumsOverview

Q4-2013 Q4-2012 % Change Full Year 2013 Full Year 2012 % ChangeUnits Sold 270 292 -7.5% 1157 1007 14.9%Average Sale Price $367,048 $372,219 -1.4% $396,685 $371,925 6.7%Median Sale Price $325,985 $320,000 1.9% $342,750 $330,000 3.9%Average Price Per Square Foot $275 $260 5.8% $276 $262 5.3%Average Days on Market 156 180 -13.3% 167 187 -10.7%% Sale Price to List Price 96.7 95.1 1.7% 96.4 94.9 1.6%

Supply/Demand SnapshotAs of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 142 81 2 209 77 3 -32.1% 5.2%$300,000  -$399,999 108 50 2 132 36 4 -18.2% 38.9%$400,000 - $499,999 49 15 3 68 14 5 -27.9% 7.1%$500,000 - $599,999 32 14 2 31 12 3 3.2% 16.7%$600,000 - $799,999 26 11 2 48 14 3 -45.8% -21.4%$800,000 - $999,999 21 2 11 18 2 9 16.7% 0.0%$1,000,000 - $1,999,999 20 6 3 22 1 22 -9.1% 500.0%$2,000,000 and up 4 0 Not Valid 3 0 Not Valid 33.3% 0.0%Market Totals 402 179 2 531 156 3 -24.3% 14.7%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$372,102 $420,845 $424,248 $434,912 $430,037 $397,114 $400,317 $411,994 $371,925 $396,685 AverageSale Price

Average PricePer Square Foot

$278 $312 $328 $330 $321 $291 $286 $277 $262 $276 Average PricePer Square Foot

Dayson Market

110 116 138 162 169 174 180 180 187 167 Dayson Market

% Sale Priceto List Price

98.9 99.0 97.2 96.6 95.8 94.2 94.8 94.2 94.9 96.4 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Condominiums

Q4-2013houlihanlawrence.com

Westchester County Co-OperativesOverview

Q4-2013 Q4-2012 % Change Full Year 2013 Full Year 2012 % ChangeUnits Sold 384 344 11.6% 1535 1259 21.9%Average Sale Price $190,061 $172,800 10.0% $188,127 $178,012 5.7%Median Sale Price $145,500 $145,000 0.3% $150,000 $148,400 1.1%Average Price Per Square Foot $181 $168 7.7% $181 $174 4.0%Average Days on Market 210 226 -7.1% 220 220 0.0%% Sale Price to List Price 95.2 94.1 1.2% 94.8 94.0 0.9%

Supply/Demand SnapshotAs of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 1146 322 4 1216 250 5 -5.8% 28.8%$300,000  -$399,999 44 12 4 47 14 3 -6.4% -14.3%$400,000 - $499,999 17 6 3 21 2 11 -19.0% 200.0%$500,000 - $599,999 10 3 3 11 3 4 -9.1% 0.0%$600,000 - $799,999 11 4 3 11 3 4 0.0% 33.3%$800,000 - $999,999 0 1 0 4 2 2 -100.0% -50.0%$1,000,000 - $1,999,999 0 0 0 1 0 Not Valid -100.0% 0.0%$2,000,000 and up 0 0 0 0 0 0 0.0% 0.0%Market Totals 1228 348 4 1311 274 5 -6.3% 27.0%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$170,763 $200,562 $207,205 $213,747 $205,727 $192,922 $195,024 $185,347 $178,012 $188,127 AverageSale Price

Average PricePer Square Foot

$180 $209 $218 $223 $219 $202 $197 $185 $174 $181 Average PricePer Square Foot

Dayson Market

142 143 153 170 173 203 207 212 220 220 Dayson Market

% Sale Priceto List Price

98.4 98.3 96.6 96.0 95.3 93.9 93.8 93.6 94.0 94.8 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Co-Operatives

Putnam CountySingle-family homes

Brewster-Mahopac

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Homes Sold

School DistrictQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Brewster 22 29 -24% 125 131 -5%

Carmel 59 46 28% 203 181 12%

Garrison 9 0 0% 39 13 200%

Haldane 11 19 -42% 43 46 -7%

Lakeland 9 5 80% 25 23 9%

Mahopac 56 52 8% 185 167 11%

Putnam Valley 25 17 47% 87 63 38%

Putnam County 191 168 14% 707 624 13%

Click on a School district to obtainthe latest monthly market report.

Brewster CarmelGarrison HaldaneLakeland Mahopac

Putnam Valley

Homes Soldup 13%2013 vs.

2012Median Price

up 3%2013 vs.

2012

Median Sale Price

School DistrictQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Brewster $262,000 $274,500 -5%  $305,000 $274,000 11%

Carmel $215,000 $240,000 -10%  $235,500 $245,000 -4%

Garrison $595,000 $0 0%  $508,000 $597,500 -15%

Haldane $525,000 $414,000 27%  $500,000 $405,000 24%

Lakeland $260,000 $315,875 -18%  $285,000 $315,875 -10%

Mahopac $336,250 $322,450 4%  $350,000 $335,000 5%

Putnam Valley $280,000 $324,000 -14%  $246,500 $297,500 -17%

Putnam County $300,000 $300,000 0%  $307,000 $299,000 3%

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9

Putnam CountySingle-family homes

Q4-2013 Market Report

Brewster, Carmel, Garrison, Haldane, Lakeland, Mahopac, Putnam ValleyClick on a School district to obtain the latest monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 232 79 3 287 61 5 -19.2% 29.5%

$300,000  -$399,999 136 28 5 123 15 8 10.6% 86.7%

$400,000 - $499,999 84 13 6 82 11 7 2.4% 18.2%

$500,000 - $599,999 56 11 5 48 9 5 16.7% 22.2%

$600,000 - $799,999 58 5 12 50 9 6 16.0% -44.4%

$800,000 - $999,999 29 3 10 21 1 21 38.1% 200.0%

$1,000,000 - $1,999,999 22 2 11 20 2 10 10.0% 0.0%

$2,000,000 and up 13 2 7 12 0 Not Valid 8.3% 0.0%

Market Totals 630 143 4 643 108 6 -2.0% 32.4%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$422,637 $466,576 $466,984 $463,756 $438,500 $373,616 $356,730 $372,783 $350,828 $359,387 AverageSale Price

Average PricePer Square Foot

$222 $242 $245 $232 $214 $190 $176 $178 $169 $173 Average PricePer Square Foot

Dayson Market

151 153 157 178 180 192 206 211 212 220 Dayson Market

% Sale Priceto List Price

97.3 97.1 96.3 95.6 94.5 92.7 94.3 93.7 94.0 94.6 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Single-family homes, Zone 9

Q4-2013houlihanlawrence.com

Putnam County CondominiumsOverview

Q4-2013 Q4-2012 % Change Full Year 2013 Full Year 2012 % ChangeUnits Sold 27 20 35.0% 101 69 46.4%Average Sale Price $239,514 $236,807 1.1% $226,819 $231,039 -1.8%Median Sale Price $210,000 $236,000 -11.0% $200,000 $206,000 -2.9%Average Price Per Square Foot $166 $155 7.1% $157 $155 1.3%Average Days on Market 184 278 -33.8% 250 252 -0.8%% Sale Price to List Price 94.1 93.9 0.2% 95.7 94.7 1.1%

Supply/Demand SnapshotAs of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 44 12 4 64 14 5 -31.3% -14.3%$300,000  -$399,999 10 6 2 7 2 4 42.9% 200.0%$400,000 - $499,999 0 0 0 0 2 0 0.0% -100.0%$500,000 - $599,999 3 6 1 11 3 4 -72.7% 100.0%$600,000 - $799,999 1 0 Not Valid 1 0 Not Valid 0.0% 0.0%$800,000 - $999,999 0 0 0 0 0 0 0.0% 0.0%$1,000,000 - $1,999,999 0 0 0 0 0 0 0.0% 0.0%$2,000,000 and up 1 0 Not Valid 1 0 Not Valid 0.0% 0.0%Market Totals 59 24 2 84 21 4 -29.8% 14.3%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

AverageSale Price

$241,434 $262,122 $277,229 $290,809 $296,499 $248,638 $248,143 $266,995 $231,039 $226,819 AverageSale Price

Average PricePer Square Foot

$184 $211 $223 $217 $211 $188 $174 $169 $155 $157 Average PricePer Square Foot

Dayson Market

104 115 130 152 169 179 190 186 252 250 Dayson Market

% Sale Priceto List Price

98.1 98.3 97.2 96.6 96.2 95.4 94.8 95.0 94.7 95.7 % Sale Priceto List Price

Source: Hudson Gateway Multiple Listing Service, Condominiums

Q4-2013houlihanlawrence.com

Dutchess County Single-family HomesOverview

Q4-2013 Q4-2012 % Change Full Year 2013 Full Year 2012 % ChangeHomes Sold 487 450 8.2% 1852 1612 14.9%Average Sale Price $300,770 $312,037 -3.6% $297,456 $291,263 2.1%Median Sale Price $253,380 $250,000 1.4% $244,250 $242,134 0.9%Average Days on Market 166 191 -13.1% 180 190 -5.3%% Sale Price to List Price 95.5 93.4 2.2% 94.3 93.7 0.6%

Supply/Demand SnapshotAs of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 919 210 4 849 247 3 8.2% -15.0%$300,000  -$399,999 275 47 6 266 56 5 3.4% -16.1%$400,000 - $499,999 137 23 6 114 19 6 20.2% 21.1%$500,000 - $599,999 102 28 4 94 10 9 8.5% 180.0%$600,000 - $799,999 102 9 11 93 9 10 9.7% 0.0%$800,000 - $999,999 43 2 22 43 3 14 0.0% -33.3%$1,000,000 - $1,999,999 57 6 10 56 2 28 1.8% 200.0%$2,000,000 and up 44 0 Not Valid 49 2 25 -10.2% -100.0%Market Totals 1679 325 5 1564 348 4 7.4% -6.6%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

Average PricePer Square Foot

$168 $187 $188 $181 $165 $149 $147 $140 $135 $137 Average PricePer Square Foot

Dayson Market

147 137 151 155 160 164 172 187 190 180 Dayson Market

% Sale Priceto List Price

97.3 97.3 96.2 95.2 94.6 93.7 94.0 92.0 93.7 94.3 % Sale Priceto List Price

Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.

Southwest DutchessSingle-family homes

Poughkeepsie Area

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Homes Sold

Town/CityQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Beacon 28 21 33% 91 74 23%

East Fishkill 68 59 15% 216 190 14%

Fishkill 32 22 46% 111 98 13%

La Grange 37 26 42% 134 110 22%

Poughkeepsie 75 76 -1% 294 275 7%

City of Poughkeepsie 13 21 -38% 93 68 37%

Wappinger 39 41 -5% 154 127 21%

Southwest Dutchess 292 266 10% 1093 942 16%

Click to obtain a specifictown/city monthly market report.

Beacon East FishkillFishkill La Grange

Poughkeepsie City of PoughkeepsieWappinger

Homes Soldup 16%2013 vs.

2012Average Price

Unchanged2013 vs.

2012

Average Sale Price

Town/CityQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Beacon $241,000 $215,000 12%  $244,500 $203,723 20%

East Fishkill $332,500 $315,000 6%  $349,500 $339,717 3%

Fishkill $249,000 $229,250 9%  $230,000 $239,211 -4%

La Grange $286,000 $274,500 4%  $275,000 $263,500 4%

Poughkeepsie $205,000 $196,000 5%  $195,000 $205,000 -5%

City of Poughkeepsie $197,000 $142,000 39%  $169,950 $166,000 2%

Wappinger $232,500 $267,000 -13%  $250,175 $249,000 1%

Southwest Dutchess $250,500 $239,950 4%  $238,445 $237,500 0%

Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Southwest DutchessSingle-family homes

Q4-2013 Market Report

Beacon, East Fishkill, Fishkill, La Grange, Poughkeepsie, City of Poughkeepsie, WappingerClick to obtain a specific town/city monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 500 132 4 465 154 3 7.5% -14.3%

$300,000  -$399,999 140 25 6 121 36 3 15.7% -30.6%

$400,000 - $499,999 69 15 5 62 16 4 11.3% -6.3%

$500,000 - $599,999 56 18 3 52 8 7 7.7% 125.0%

$600,000 - $799,999 48 5 10 25 6 4 92.0% -16.7%

$800,000 - $999,999 8 0 Not Valid 9 0 Not Valid -11.1% 0.0%

$1,000,000 - $1,999,999 8 0 Not Valid 5 0 Not Valid 60.0% 0.0%

$2,000,000 and up 1 0 Not Valid 0 0 0 0.0% 0.0%

Market Totals 830 195 4 739 220 3 12.3% -11.4%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

Average PricePer Square Foot

$164 $180 $183 $176 $161 $150 $142 $134 $126 $134 Average PricePer Square Foot

Dayson Market

137 128 145 148 154 159 165 183 178 180 Dayson Market

% Sale Priceto List Price

98.1 98.4 97.7 96.4 95.5 95.5 95.4 95.3 95.3 96.4 % Sale Priceto List Price

Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.

Southeast DutchessSingle-family homes

Dutchess County

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Homes Sold

Town/CityQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Beekman 25 23 9% 81 84 -4%

Dover 9 8 13% 38 31 23%

Pawling 7 15 -53% 59 43 37%

Union Vale 2 9 -78% 24 24 0%

Southeast Dutchess 43 55 -22% 202 182 11%

Click to obtain a specifictown/city monthly market report.

Beekman Dover

Pawling Union Vale

Homes Soldup 11%2013 vs.

2012Average Price

down 2%2013 vs.

2012

Average Sale Price

Town/CityQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Beekman $319,500 $335,000 -5%  $303,000 $310,125 -2%

Dover $205,000 $192,500 7%  $198,750 $174,000 14%

Pawling $280,000 $329,000 -15%  $291,500 $315,000 -8%

Union Vale $345,500 $380,000 -9%  $271,500 $296,500 -8%

Southeast Dutchess $310,500 $322,500 -4%  $280,000 $284,750 -2%

Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Southeast DutchessSingle-family homes

Q4-2013 Market Report

Beekman, Dover, Pawling, Union ValeClick to obtain a specific town/city monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 111 20 6 104 28 4 6.7% -28.6%

$300,000  -$399,999 37 12 3 38 8 5 -2.6% 50.0%

$400,000 - $499,999 19 4 5 18 1 18 5.6% 300.0%

$500,000 - $599,999 18 5 4 13 1 13 38.5% 400.0%

$600,000 - $799,999 14 3 5 19 3 6 -26.3% 0.0%

$800,000 - $999,999 11 0 Not Valid 8 0 Not Valid 37.5% 0.0%

$1,000,000 - $1,999,999 9 0 Not Valid 12 0 Not Valid -25.0% 0.0%

$2,000,000 and up 7 0 Not Valid 4 1 4 75.0% -100.0%

Market Totals 226 44 5 216 42 5 4.6% 4.8%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

Average PricePer Square Foot

$188 $206 $198 $190 $181 $156 $154 $133 $135 $143 Average PricePer Square Foot

Dayson Market

164 145 154 170 157 180 189 219 216 185 Dayson Market

% Sale Priceto List Price

97.1 97.4 96.6 95.4 94.3 93.0 94.2 93.7 96.0 93.7 % Sale Priceto List Price

Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.

Northwest DutchessSingle-family homes

Dutchess County

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Homes Sold

Town/CityQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Clinton 12 7 71% 42 36 17%

Hyde Park 38 30 27% 133 133 0%

Milan 6 9 -33% 22 13 69%

Pleasant Valley 20 13 54% 75 58 29%

Red Hook 12 13 -8% 58 63 -8%

Rhinebeck 27 16 69% 89 70 27%

Northwest Dutchess 115 88 31% 419 373 12%

Click to obtain a specifictown/city monthly market report.

Clinton Hyde Park

Milan Pleasant Valley

Red Hook Rhinebeck

Homes Soldup 12%2013 vs.

2012Average Price

up 2%2013 vs.

2012

Average Sale Price

Town/CityQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Clinton $352,500 $305,000 16%  $305,500 $320,650 -5%

Hyde Park $180,000 $177,250 2%  $180,000 $175,500 3%

Milan $425,000 $290,000 47%  $300,000 $330,000 -9%

Pleasant Valley $221,250 $255,000 -13%  $242,000 $253,750 -5%

Red Hook $292,250 $300,000 -3%  $256,500 $285,500 -10%

Rhinebeck $286,000 $338,500 -16%  $294,500 $322,500 -9%

Northwest Dutchess $250,000 $254,750 -2%  $245,000 $240,000 2%

Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Northwest DutchessSingle-family homes

Q4-2013 Market Report

Clinton, Hyde Park, Milan, Pleasant Valley, Red Hook, RhinebeckClick to obtain a specific town/city monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 217 43 5 189 54 4 14.8% -20.4%

$300,000  -$399,999 71 6 12 77 9 9 -7.8% -33.3%

$400,000 - $499,999 38 2 19 25 1 25 52.0% 100.0%

$500,000 - $599,999 21 3 7 22 1 22 -4.5% 200.0%

$600,000 - $799,999 25 1 25 31 0 Not Valid -19.4% 0.0%

$800,000 - $999,999 13 2 7 13 0 Not Valid 0.0% 0.0%

$1,000,000 - $1,999,999 17 2 9 15 2 8 13.3% 0.0%

$2,000,000 and up 6 0 Not Valid 7 0 Not Valid -14.3% 0.0%

Market Totals 408 59 7 379 67 6 7.7% -11.9%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

Average PricePer Square Foot

$167 $184 $193 $179 $165 $145 $151 $145 $140 $138 Average PricePer Square Foot

Dayson Market

157 141 155 159 172 166 167 175 199 181 Dayson Market

% Sale Priceto List Price

97.0 96.4 93.6 93.8 93.5 93.1 92.8 92.9 90.9 93.6 % Sale Priceto List Price

Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.

Northeast DutchessSingle-family homes

Dutchess County

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Homes Sold

Town/CityQ4

2013Q4

2012%

ChangeFull Year

2013Full Year

2012%

Change

Amenia 7 6 17% 21 16 31%

North East 3 5 -40% 9 6 50%

Pine Plains 5 1 400% 16 8 100%

Stanford 6 13 -54% 29 33 -12%

Washington 6 4 50% 30 18 67%

Northeast Dutchess 27 29 -7% 105 81 30%

Click to obtain a specifictown/city monthly market report.

Amenia North East

Pine Plains Stanford

Washington

Homes Soldup 30%2013 vs.

2012Average Price

down 24%2013 vs.

2012

Average Sale Price

Town/CityQ4

2013Q4

2012%

Change Full Year

2013Full Year

2012%

Change

Amenia $175,000 $391,850 -55%  $130,000 $222,500 -42%

North East $287,500 $325,000 -12%  $250,000 $312,750 -20%

Pine Plains $190,000 $177,550 7%  $186,500 $239,775 -22%

Stanford $230,250 $302,500 -24%  $300,000 $335,000 -10%

Washington $346,000 $612,500 -44%  $377,500 $467,500 -19%

Northeast Dutchess $236,700 $325,000 -27%  $255,000 $333,500 -24%

Source: Mid-Hudson Multiple Listing Service reports the Average Sale Price.

Northeast DutchessSingle-family homes

Q4-2013 Market Report

Amenia, North East, Pine Plains, Stanford, WashingtonClick to obtain a specific town/city monthly market report.

Supply and Demand Snapshot  - Single-family homes

  As of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 69 10 7 66 9 7 4.5% 11.1%

$300,000  -$399,999 19 4 5 21 3 7 -9.5% 33.3%

$400,000 - $499,999 9 2 5 8 0 Not Valid 12.5% 0.0%

$500,000 - $599,999 7 2 4 7 0 Not Valid 0.0% 0.0%

$600,000 - $799,999 12 0 Not Valid 15 0 Not Valid -20.0% 0.0%

$800,000 - $999,999 11 0 Not Valid 13 3 4 -15.4% -100.0%

$1,000,000 - $1,999,999 23 4 6 24 0 Not Valid -4.2% 0.0%

$2,000,000 and up 30 0 Not Valid 37 1 37 -18.9% -100.0%

Market Totals 180 22 8 191 16 12 -5.8% 37.5%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

Average PricePer Square Foot

$206 $252 $244 $254 $207 $198 $204 $252 $221 $193 Average PricePer Square Foot

Dayson Market

190 180 184 205 217 177 219 234 238 200 Dayson Market

% Sale Priceto List Price

95.2 93.9 94.5 91.1 91.5 85.5 88.9 80.9 90.6 87.9 % Sale Priceto List Price

Source: Mid-Hudson Multiple Listing Service, Residential-detached homes.

Q4-2013houlihanlawrence.com

Dutchess County CondominiumsOverview

Q4-2013 Q4-2012 % Change Full Year 2013 Full Year 2012 % ChangeUnits Sold 128 86 48.8% 390 336 16.1%Average Sale Price $232,006 $205,922 12.7% $205,246 $192,054 6.9%Median Sale Price $229,500 $205,000 12.0% $190,000 $175,500 8.3%Average Price Per Square Foot $147 $140 5.0% $142 $134 6.0%Average Days on Market 219 187 17.1% 210 209 0.5%% Sale Price to List Price 97.4 95.4 2.1% 96.5 95.5 1.0%

Supply/Demand SnapshotAs of December 31, 2013 As of December 31, 2012 2013 vs. 2012

Price Range

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

SUPPLYActive

Listings

DEMANDPending

Sales

Supply/DemandRatio*

%Change inListings

%Change inPendings

$0 - $299,999 236 44 5 258 60 4 -8.5% -26.7%$300,000  -$399,999 53 20 3 54 9 6 -1.9% 122.2%$400,000 - $499,999 18 7 3 10 5 2 80.0% 40.0%$500,000 - $599,999 2 0 Not Valid 1 0 Not Valid 100.0% 0.0%$600,000 - $799,999 1 0 Not Valid 1 0 Not Valid 0.0% 0.0%$800,000 - $999,999 0 0 0 0 0 0 0.0% 0.0%$1,000,000 - $1,999,999 0 0 0 0 0 0 0.0% 0.0%$2,000,000 and up 1 0 Not Valid 0 0 0 0.0% 0.0%Market Totals 311 71 4 324 74 4 -4.0% -4.1%

*Supply Demand Ratio Key   1-4: High Demand   5-6: Balanced   7-9: Low Demand   10+: Very Low Demand

Ten-Year Market History

Average PricePer Square Foot

$144 $167 $173 $175 $163 $152 $146 $135 $134 $142 Average PricePer Square Foot

Dayson Market

120 116 132 143 172 162 162 209 209 210 Dayson Market

% Sale Priceto List Price

98.1 98.2 97.0 97.2 96.1 95.2 95.1 95.5 95.5 96.5 % Sale Priceto List Price

Source: Mid-Hudson Multiple Listing Service, Residential-attached homes.

Q4–2013houlihanlawrence.com

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