Saturday, January 26, 2013 / by June Quilantang
The pace of residential real estate sales picked up considerably in 2012 in the four counties of the lower Hudson region – Westchester, by the Real Estate Experts (Realtor) firms
The Realtors reported a regional sales aggregate of 11,481 residential units consisting of single-family houses, condominiums, cooperatives, and in the case of Westchester, 2-4 family buildings as well. This was a 15% increase over 2011’s total of 9,973 sales, and it arrested the steady decrease in annual sales that commenced in 2004 and continued through most of the subsequent period to date.
Westchester, the most populous of the counties, and historically accounting for about two-thirds of the total sales activity in the region, posted a 14% gain in sales over 2011. The highest percentage sales increases were posted in the single-family house sector. In Westchester, where house sales picked up by 16%, that performance was bested by a 20% increase in condominium sales.