Archive for the 'New Rochelle' Category
A few days ago I put up a web page about the Metro-North Commute from lower Westchester to Grand Central Station. It seem to be quite popular but could only addressed the train lines and did not provide much in the way of detail. So I will provide a few posts featuring each train line.
As stated in my previous post, lower Westchester boasts commuting options that are the envy of the Tristate area. When asked why prices in Westchester have remained so resilient, one of my answers is always “Metro-North.”
The New Haven Line – (or the red line) begins in Grand Central Station in mid-town Manhattan and stretches to New Haven CT. The first stops are in Westchester County featuring the cities and towns located along the Long Island Sound.
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Well, with the storm moving through – we should wash away the Indian Summer and bring in some cool fall air. Westchester events are changing with the season. The fall season is now starting to head into full gear. My post on Halloween events from Historic Hudson Valley shows that the season is getting active with the sleepy days of summer well behind us. So the Westchester events calendar is once again up for your convenience. There are plenty of Westchester County events to pick from. Of particular note the famous BLAZE at Van Cortlandt Manor with 4000 lit jack o’lanterns begins this weekend.
Note the Upcoming Events Section at the top of the calendar. These events tend to sell out so planning ahead is essential.
Upcoming Westchester Events to Plan For….
These Events Get Sold Out Quickly – So Plan Ahead and Reserve Tickets!
Southside Johnny & the Asbury Jukes – Emlin Theater – Mamaroneck NY- Oct 9th
New Jersey’s Southside Johnny brings his blues band to the Emlin Theater
914-698-0098
Blood Sweat & Tears – Tarrytown Music Hall –
Friday Oct 15 – 8 PM Call 877-840-0457
Nick Lowe & His Band – Tarrytown Music Hall
Saturday Oct 16 – 8 PM Call 877-840-0457
Historic Hudson Valley Events For the Halloween Season
All through October – but tickets go fast – so plan ahead!
For more information – Click here for Westchester County is Halloween Central.
Mariinsky Orchestra of St. Petersburg -Valery Gregiev – Conductor - Purchase College Concert Hall
8 PM – For more information Click Here for Purchase College Center for the Performing Arts.
Friday, Oct 1
New Rochelle Farmers’ Market
Huguenot Street and Lawton Street
FRIDAYS 8:00 AM TO 3:00 PM
Stone Barns Farmer’s Market
Seasonal Farmer’s Market
2-4 PM for the general public.
630 Bedford Rd – Tarrytown, NY 10591
Westchester Broadway Theater – FIRST WEEKEND for “Jekyll & Hyde”
for details including pricing call 914-592-2222
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Early Saturday evening, much of Westchester NY was plunged into darkness by a major storm. The storm was severe enough for me to cancel my last appointment. It was nothing short of treacherous on the road. I made it home safely and counted my blessings. Then suddenly – ZAP!!! All the lights went as well as the heat (which is triggered electrically) As the storm raged on I heard an ominous THUD in the front yard. A tree that I had had scheduled to be removed this next week had decided to beat its executioner to the punch and came down across my front lawn. I was very fortunate that it didn’t hit my house.
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New Rochelle was a city that was coming into its own when the housing recession hit in full force. The downtown has been in the process of a major rehabilitation. Today, you can see the benefits of that effort, but with a depressed housing market, prices have stalled out and there are bargains to be had.
Make no mistake, New Rochelle is still up-and-coming. Whereas it does not have the attraction of being as fully “established” as its sister city, White Plains – the future looks bright. Many who want White Plains, but find it inaccessible price-wise find themselves attracted to New Rochelle. New Rochelle also has something land-locked White Plains will never be able to offer – water front property on the Long Island Sound.
Buyers who were disappointed that the White Plains market didn’t crash through the floor – should stop wishing for the impossible and give New Rochelle a second look.
Cooperatives:
Coop sales are down 33% over the previous year with prices slightly elevated. Given the low volume, I would associate the price rise to be due to random gyrations and describe the pricing as declining slightly or just flat. There is a 19 month inventory on the market – making this a buyer’s market.
Condominiums:
Condos in New Rochelle took a plunge. Prices are down 26.3% over the previous year with about 35 months of inventory left on the market. This market was overbuilt during the boom. The overbuilding included too many town houses along with the high-rise condos of Trump Plaza. Volume is off over 33% from the previous year as well. This is a market that buyers should be actively seeking – not shunning.
Going into NYC for July 4th is great – but it can be a hassle. Fact is you don’t need to go to Manhattan to see terrific displays. Here is a short list of lower Westchester events and fireworks displays. This will help get you started….
You can start celebrating as early as tonight:
Events for Wednesday July 1, 2009
Playland’s Weekly Fireworks Display:
Starts at 9:15. Offered by the Westchester County Parks Dept. Admission for parking is $4.00
Location & Info:
Playland Park
Playland Parkway
Rye, NY 10580
(914) 813-7010
White Plains Fireworks Display:
An evening out at the White Plains High School. Includes fun for all With inflatable rides and food along with a children’s stage. Free to the public. 6-10 PM. (Rain date July 2)
Location & Info:
White Plains High School
550 North St.
914-422-1200
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New Rochelle was in the middle of a major revival when the housing recession hit hard. The result is that this up and coming city took a bigger hit earlier in the housing recession than its more well-established “sister city” White Plains.
New Rochelle is now where White Plains was about 10 years ago. Geographically, it has many things going for it. It has the Long Island Sound along its eastern border which gives it a distinct aesthetic edge over the land-locked White Plains. It has a train station complete with a new parking facility and boasts a 30 minute commute to Grand Central Station. Granted it has a way to go before it becomes as established as White Plains, but for those just can’t afford what they want in White Plains, their dollars will stretch further in New Rochelle.
The downturn in prices presents buyers with a unique opportunity. Though there is risk in such an opportunity, all bad cycles come to an end and New Rochelle prices are truly reflecting a corrected market. Add to that the fact that those buying now are getting in closer to the “ground floor” than they possibly could in White Plains. Buyers should take notice because this is an area ripe with opportunity that fully established areas lack.
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First, I want to apologize. I thought I posted this. The text was created several weeks ago. So I apologize for the tardiness of the post, but I think the information is still useful.
New Rochelle is an up-and-coming city that experienced tremendous growth during the housing boom. Those who look at White Plains and can’t quite afford the price tag, should take a second look at New Rochelle because it is heading in the same direction that White Plains took ten years ago. Although the current recession has put the boom in a holding pattern, all signs point to a strong recovery in the next few years. Further, this area has seen a significant price correction.
Cooperatives:
Prices tumbled 18.5% when compared to the fourth quarter of the previous year. This is in stark contrast to the substantial price increase seen in the third quarter. It is probable that the price increase of the third quarter was an indication that buyers were very choosy and were only buying the cream – leaving the rest of the market to languish. The market crash acted to force sellers hands and those who needed to move dropped their prices. – hence the sharp decrease. This did help to relieve the overhanging inventory and sales volume in coops was actually up over the previous year. This movement in the coop market is a reflection of what has happened in other parts of the county.
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New Rochelle is a city that has been undergoing dramatic changes. During the boom new housing sprang up and the downtown is undergoing a major revitalization. When I go to downtown New Rochelle, I am reminded of what White Plains was like about 10 years ago.
New Rochelle had a mixed quarter price-wise showing an increase in sales price for single family homes and cooperatives. Condominium prices however, were down significantly. Overall, there is a lot of excess inventory which is an indication of a buyer’s market.
Cooperatives:
Coop sales prices were up significantly over the previous year (almost 20%.) This, in spite of the fact that sales volume was down about almost 30% and thee is a large overhanging inventory of about 1 year. It could be that only the “cream” of the coops actually sold – this creating an average price bump in the face of fewer buyers, but only time will tell the entire story here.
Condominiums:
Condo prices decreased 8.5% over the previous year and sales volume was down a full 20%. There is a great deal of inventory in this market as well – a full 18 months worth. Buyers have not had so much negotiatingroom in a long time. This is a definite buyer’s market where good deals can be found.
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