When people living outside of Westchester County think of living in White Plains, their minds often quickly turn to the luxury downtown condos such as Trump Tower and the Ritz Carlton. But these condos are a relatively new development and people often overlook that White Plains NY homes have a high percentage of single family homes, many at the high end of the price spectrum. When local residents think of making a move and start looking for White Plains NY homes for sale, Gedney Farms is often on top of the list as a move-up location.
The Neighborhood of Gedney Farms White Plains NY:
Gedney Farms is a beautiful neighborhood with large rolling lawns and ample lot size. It’s a very quiet and private community similar to some of the finer neighborhoods of Scarsdale and Larchmont but without the steep price point. Located in the southern portion of White Plains NY, Gedney Farms is a traditional neighborhood with all the amenities of suburban life.
Gedney Farms is mature neighborhood with old growth trees lining the streets and gracing the properties. Since only three homes are allowed per acre, the area offers plenty of privacy and wonderful winding streets that are ideal for walking. Old world charm abounds as many of the homes are from the pre-war period.
The Ridgeway Golf Course is the crowning jewel of this neighborhood. Many residents have back yards that come right up against the golf course – giving the feeling of unlimited open space. The Golf course is divided into three portions and as a result there are several “golf cart crossing” signs dotting the area.
If your browser doesn’t support viewing the embedded video – click here to view the Video on Gedney Farms: For more still photos – click here to view still photos of Gedney Farms on Flickr:
Home Pricing History and Sales Volume for Gedney Farms White Plains:
As can be seen from the charts below, housing prices have gone down. They reached a low point in 2009. Volume has also been very modest with only four homes sold the previous year. Since January, 2 homes have closed bringing the median price up to $907,000 from the $884,000 median of 2009. Sales volume has been weak. Down by 2/3 in recent years. With only four homes sold the previous year. Make no mistake, this is still a buyer’s market – given the small numbers of buyers in this type of market, that condition could remain unchanged for quite a while. In 2010 there were two closed sales before the end of march – keeping the volume relatively low, but the sales prices show a slight upward trend. The number of sales are too small to detect a trend.
There are currently five active listings in Gedney Farms. They range in price from $600,000 to $1.4 million. The sizes of the home vary from 2700-4700 sf. Taxes range from close to $16,000 to over $24k. Although this is steep, it is thousands less than a comparable home in Scarsdale or Larchmont.
Though not strictly walkable, those who happen to be close to Mamaroneck Ave. could walk down to Gedney Way for some fine dining. Sams of Gedney Way is a popular destination. Roosters Market also provides a convenient place to order a meal or buy a few essentials without dragging out the car.
Just 33 minutes by train to Manhattan, White Plains is ideally located for the commuter. For a metro north timetable – please click here.
© 2010 Ruthmarie G. Hicks – http://thewestchesterview.com – All rights reserved
