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February 12, 2012

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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Somers, New York

Reported by Geri Schwalb, Associate Broker, ABR

Updated November 22, 2011.

Current Market Rating: 1



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2
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5
Buyer's

Seller's

Current Price Trend: 2




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5
Falling

Rising

House prices are at all time lows and continuing in that downward trend. Mortgages are available under 4% for a 30 year fixed without points if your credit is really good. Don't wait for rates to really move up, if you're in the market to buy. While this is a really great interest rate, the Jumbo Loan number will drop approximately $100,000 in September. If you are looking to buy in the $600,000 - $700,000 price range, now is the time to buy. If you're thinking of selling - you can probably get a reasonable price for your house quickly. As tentative as the market is, deals are being made. Now is the time for action whether you are buying or selling.

ZIP Code: 10589

Location Characteristics: Still characteristically one of the most "countrified" communities in Northern Westchester. Large lots, large houses, charming boutique shops, proximity to MetroNorth Railroad and 684 just reveal part of this lovely area. Smaller lake communities add to the rural feeling.

For More Information:

View Market Conditions of other areas served by Geri Schwalb

Navigate: Top > New York > Somers

About Geri Schwalb:
Nothing says more about who you are than where you live! I've dedicated myself to finding out all I can about you - your dreams, your desires, and your very personal, very individual taste. Then I focus in on homes that don't just fit you, they suit you. It's the only way to make sure that where you live, says who you are.

Live Who Your Are!

Get answers to all your real estate questions on any of my web sites: www.YorktownHomesConnection.com; www.MahopacHomesConnection.com; www.CortlandtHomesConnection.com;


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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