Tarrytown and Sleepy Hollow housing stats are giving us many mixed signals. Pricing appears to have stabilized, but inventories remain high given the low rate of sales - which will continue to put pricing under pressure.
Havilands Manor offers the best of both worlds. Just minutes from the hustle and bustle of downtown White Plains, you have all the fine dining, shopping and entertainment our city is famous for at your fingertips. Nevertheless it is quiet residential neighborhood that seems a world away from city life. The commute to Manhattan is equally convenient. It's a mere 33 minutes by Metro-North to Grand Central Station.
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.
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.