Found 2 blog entries tagged as Condominiums.

Westchester Condo Inventory Hits Highest Level in 3 Years

As homebuyers work to balance budget constraints with lifestyle priorities, condominiums are becoming one of the most practical choices on the market. Whether you're a first-time buyer aiming to build equity or looking to downsize while staying in a prime location, today’s condo market offers strong opportunities — with inventory levels peaking at their highest level since 2021.

 

START YOUR CONDO SEARCH HERE


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Westchester County's Rising HOA Fee

Wrights Landing and Watermark Pointe Condominiums in New Rochelle

Homeowners’ associations (HOAs) are becoming more prevalent and costly across the United States, according to a new report by Realtor.com. In 2024, 40.5% of listings for sale included HOA fees, up from 39.2% the previous year. The median monthly HOA fee increased from $110 to $125. Key Findings:

  • 40.5% of listings for sale in 2024 had a HOA fee, up from 39.2% in 2023.

  • 69.9% of newly built homes in 2024 had HOA obligations

  • 38.2% of existing homes had HOA obligations.

  • Condo HOA fees are significantly higher, with a median of $375 per month, compared to $58 for single-family homes.

Ralph’s Take

HOA fees can significantly impact housing…

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