Over the past few quarters, Larchmont had been seemingly impervious to the market gyrations that were impacting the rest of Westchester County with varying impact. Like White Plains, it took the Wall Street crisis and the temporary freezing of the credit markets to shake things up.
But only now is White Plains getting itself on the map - so to speak - as a go-to place for the arts. But on this weekend the artisans were out in force. Downtown White Plains was certainly the go-to place for the arts this weekend.
Much of Scarsdale is in full blown buyer's market mode. In single family homes, the price drops and inventory issues have been extremely severe. The cooperative market has held up much better. The weakness in single family homes is in part a reflection of the stressed jumbo loan market.
Gedney Farms is one of the premier high-end single-family neighborhoods at the southern tip of the city. The lots are large - generally over over a third of an acre. The homes are elegant and graceful with many striking pre-war Tudors and Colonials gracing the winding streets. Dominating the scene are golf course views enjoyed by many residents - courtesy of the Ridgeway Golf Club. The neighborhood of Gedney Farms was rocked by the news that the golf course views that are such a dominating feature of the neighborhood might be a mere memory in a few years.
The buyers market that we are seeing in most parts of Westchester is also in force in Hartsdale NY. Inventories are high while sales remain slow. However, interest in buying has picked up and there are those who say that prices are near their bottoms.