Archive for the 'White Plains' Category
The White Plains housing market has been trending upwards since the bottoming out from the housing crisis of 2008. The popularity of White Plains has been increasing over the years, particularly in the downtown. Many non-residents think of it as strictly a city until they see the charm of the outlying suburban areas. These represent two distinct markets for White Plains and both are doing well.
Recently, I have been posting about the bull market in Westchester NY. Well, new construction is always a sign of a bull housing market! On Nov 19 the LCOR project at 55 Bank Street had its ground-breaking ceremony on a complex that when complete, will add 561 vitally needed units to the housing stock.
Both condominium complexes (1 & 5 Renaissance Square comprise two separate complexes) at the Ritz Carlton have experienced a more uneven recovery than Trump Tower. This is probably because the finances of both complexes caused some concern for a couple of years. This was mostly due to the unfortunate timing of the openings and the financial travails of the original builder (Louis Cappelli). As a result, the Ritz Carlton took a bit longer to recover from the housing recession.
Current Price: $849,000 (subject to change)
Monthly HOA: $1546
Additional Fees: $20 (storage unit)
Trump Tower offers the epitome of luxury and amenities all in the walkers paradise of downtown White Plains. You can leave the car and walk to almost anywhere. The train station is a little over half a mile away with a commute to Manhattan a mere 33 minutes by express train.
The latest sales stats show high demand and a strong rebound in the market starting in 2012.
Trump Tower – White Plains – Sales History – 2011-2015
Like all real estate in the New York metropolitan area, Trump Tower was impacted by the financial crisis of 2008. The low point was in 2011 when prices were nearly 20% off their highs of 2006. However, after 2011, the market started posting gains. And if the statistics hold for the remainder of 2015, Trump Tower will have completely recovered the losses posted since 2006.
Its been past time for an update on Jefferson Place in White Plains. As the housing recovery has moved from a buyers market into sellers market territory, we are seeing prices make a comeback in the White Plains condo and coop market.
Westchester has many fall traditions. It is famous for them. Like the historic Hudson Valley Jack O’Lantern blaze, and Horseman’s Hollow, Westchester Magazine has created its own unique fall tradition: the Westchester Magazine’s Dream Home. This year we have the “Penthouse Edition” at none other than the ultimate luxury complex – the Ritz Carlton in downtown White Plains NY.
The Bottom Line:
- Asking Price – $150,000
- Common Charges – $924 without STAR
- Deductible – 50%
- Included Utilities – Heat/Hot Water
- Square Feet: 1000
- Parking: Wait list – $65/month
- Living Space: 2 BR/1 BA
My latest and greats on my “Sights Of The Season” series – Previous installments can be accessed through my Holiday Season Archive of this blog which includes photos from Halloween onward.
Some photos are just plain FUN to take. Santa is visiting White Plains on his vintage tractor! After all, getting out all those Reindeer can be a challenge so backup transportation is sometimes in order. And his presence certainly breathes new life into this great vintage tractor!
Love the imagination that went into this!
© 2013 – RGHicks – http://fotosonthefly.biz – All rights reserved.
– See more at: http://fotosonthefly.biz/969/sights-of-the-season-santa-visits-white-plains-on-his-flying-tractor/#sthash.QrWHqaqp.dpufSanta visits White Plains