First quarter luxury sales are closing at a healthy pace compared to same quarter last year in Westchester County, Putnam County, Dutchess County, as well as in Greenwich, Rowayton and New Canaan, according to the Q1 Houlihan Lawrence Luxury Market Reportou.
Darien is the exception and lack of inventory is driving the decline in sales. In Westchester County, a handful of sales listed in the high $2Ms closed over asking, bumping these sales into the $3M to $4.99M price bracket, which shows a respectable increase in the first quarter.
Q1 2024 LUXURY MARKETS AT A GLANCE (Q1 2024 vs Q1 2023)
Westchester County Luxury Home Sales /$2M and Higher
Homes Sold: Down 2.6%
Median Sale Price: Down 2.1%
Q1 Highest Sale Price: $8,500,000 Bedford
Putnam and Dutchess County Luxury Home Sales /$1M and Higher
Homes Sold: Up 72.2%
Median Sale Price: Up 12.1%
Q4 Highest Sale Price Putnam: $4,700,000 Lakeland
Q4 Highest Sale Price Dutchess: $5,872,500 Stanford
Greenwich Luxury Home Sales /$3M and Higher
Homes Sold: Up 10.8%
Median Sale Price: Down 4.2%
Q4 Highest Sale Price: $14,800,000 (Greenwich)
Darien Luxury Home Sales /$2M and Higher
Homes Sold: Down 50%
Median Sale Price: Up 35.1%
Q4 Highest Sale Price: $9,580,000
New Canaan Home Sales /$2M and Higher
Homes Sold: Up 66.7%
Median Sale Price: Up 6.2%
Q4 Highest Sale Price: $6,000,000
