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The market for two- to four-family houses was bright, with the number of sales up by 10.6% to 177 and the median sale price up 3.8% to $545,000.
The bottom line of Houlihan Lawrence’s luxury housing report on sales in Westchester and Fairfield is that it’s all about the effects pricing has...
Joe Rand, chief creative officer for the organization, described the luxury market as being “spooked” by SALT and told the Business Journal, “I think the market is fundamentally strong."
The report said that the number of residential sales in Westchester rose 14.5% to 2,495 in the second quarter of 2019.
For Westchester, the second quarter of 2019 was the third consecutive quarter that luxury homes sales in the $2 million and higher category went down.
Joe Rand, managing partner of the brokerage, told the Business Journal that SALT has had a modest but meaningful effect on the high end of the market.
“We’ve seen a very good quarter and we’re seeing some very optimistic numbers,” Scott Elwell said.
Cervalis, an IT infrastructure provider, is building a data and disaster recovery center in Norwalk.