The median sale price was $570,000 in August of this year, up 0.3% from July but down 23.2% from August 2010. The number of homes for sale in this period totaled 234, up 4.5% from August 2010.  Homes sold in August 2011 totaled 16, up 45.5% from August 2010. Days on the market: 176, up 12 days from the year before.

Sales prices have depreciated 20.5% over the last five years in South Salem. Although real estate values in town have plunged about 30% since the peak of the real estate boom, a comparison of 2009 and 2010 numbers showed median prices almost flat in Lewisboro, an indication that prices may have bottomed out. The number of single-family homes sold rose 38% over 2009.

The median price of all homes sold in Lewisboro in 2009 was $632,500. In 2010, the median price dropped only $2,500, to $630,000. In 2008, it was $784,500 and in 2006, it was $793,000.

In 2009, 76 single family homes and 14 condominiums were sold in Lewisboro. The lowest price was $246,000 and the highest $2.58 million. In 2010, 105 single-family homes and 12 condominiums found buyers. Prices ranged from a low of $60,000 for a small cottage in Kitchawan to $3.5 million for a luxury home.

The median sale price in September 2010 was $742,500, up almost 25% from September 2009, according to data from the Houlihan-Lawrence real estate firm (156 Katonah Avenue/232-5007/HoulihanLawrence.com).

Homes sold from October 2009 to September 2010 totaled 157, up 60.2%. Homes for sale in September 2010: 237, up 10.2% from September 2009. Days on market for sold homes for that period: 180, up nine days from the year before. Average days on market increased from 176 in 2009 to 194 in 2010, probably due to the large inventory of homes available.