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Real Estate: Port Chester Sees Q3 Jump in Year-Over-Year Home Sales

Latest stats show 27 homes sold in September, compared with 16 a year earlier.

While home sales and median home prices showed a dip in the area for the third quarter of 2012, a new report by Houlihan Lawrence real estate shows Port Chester had a year-over-year jump in home sales in September.

Port Chester had 27 homes sales compared with just 16 during the same month in 2011. Nearby Harrison, Mamaroneck and Rye Neck saw decreases, with Rye City having just one more home sale than a year ago.

eatingdogfood October 18, 2012 at 11:02 AM
PC has the only cheap real estate in the area.
Robski48 October 18, 2012 at 11:10 AM
A better stat would be to show the average home sales over that same period for Port Chester to show that this Village Board is depressing home values by attacking the single family homeowners by not letting them sell their houses in a timely manner after they allowed them to live in a house for 50 years with open permits, no variances and no CO's. if you think they are going to attack the root of the problem, illegal housing and overcrowding, it is not happening. They claimed they didn't have enough people, they got the people, didn't address it and now will have to deal with the amnesty work which the Building Inspector stated he expected 10%, 500 houses, to participate. Mayor Pilla at the town hall meeting, which I attended, stated 256 illegal units have been eliminated. I say show the numbers and why is the district numbers still rising with the school and village taxes. That's a lie!!!!! In my opinion.
Robski48 October 18, 2012 at 11:13 AM
"Average home sale price". Sorry
Peggy Johnston October 18, 2012 at 12:10 PM
These are reported sales only. What is the actve inventory of homes for sale and how long haave they been on the market? It might be interesting to track the time from contract signing to closing, as the municipal searches and "lack of valid records/hitory of permits and CO's" (which is refuted by the building dept) is a big factor and holds up sales. Some of the contracts, for those lucky sellers who find a buyer, fall because homebuyers cannot or will not waitr for the title process to be cleared.
PC Expat October 18, 2012 at 12:45 PM
PC is the best long term investment in the county right now. You can bank on it.
Frank B. October 18, 2012 at 01:07 PM
who can afford the astronomical taxes? even if you buy now and pay off your mortgage in 20-30 years, the taxes will bury you. It is like a never ending mortgage. Run, save yourselves while you can.
Elihu Smails October 18, 2012 at 02:09 PM
Rumor also has it that Great American is back on a buying spree along with another buyer from Yonkers. Hmmmm....
Jlm65 October 18, 2012 at 03:23 PM
If you would like additional information about the Port Chester Real Estate Market, please do not hesiatate to email me for additional information at jason.mehler@randrealty.com http://www.JASONLMEHLER.com
Anita October 18, 2012 at 04:35 PM
Jason Mehler is the best sales agent around. He did what no other agent could do in the 3.5 years that we had our house for sale... he closed the deal !! One of the hardest working agents around...
FJT October 20, 2012 at 02:23 AM
I agree with you. Many Port Chester homeowners just want to escape the insanity that comes with being a homeowner in PC, so they lower their price until they can find a buyer. Unfortunately, that tactic no longer works very well because of the recent blanket revocation or nullification of thousands of existing COs. Port Chester = Hotel California for many homeowners who are trying to sell. Property values here are a steal, but they're hardly a bargain when you look at how this village has operated and continues to operate. I just heard Trustee Brakewood on TV admonish Port Chester homeowners whom he said should have checked their paperwork at closing, instead of allowing themselves to be caught up in the excitement of purchasing a home. Well, I got a copy of the CO for my condo, a copy of the CO for my building in which the condo is located, title insurance that indicated clear title to the property with valid COs -- and the transaction was overseen by an excellent White Plains real estate attorney who had done hundreds of closings. So, where did I go wrong. (I didn't.) Months ago, the Rye-Port Chester Attorneys Association warned against tarring every property owner with the "slumlord brush" and Mayor Pilla expressed concern about such action, rightly believing it would open a Pandora's Box. Well, it has created untold pain (no exaggeration) for some innocent homeowners who now face foreclosure because their buyers have walked away. (Was the nullification of COs even legal?)
FJT October 20, 2012 at 02:34 AM
In Port Chester, your property taxes can go up even when the market value of your property goes down. It's a bear trap. You advice to "Run, save yourselves while you can" is being taken seriously by a lot of folks who recognize the astronomical, ever-increasing taxation as a form of confiscation.

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