Larchmont NY (town of Mamaroneck) is one of those wonderfully cozy villages that reminds me of more of the "old world" then the east coast of the United States. The following pictures are a reminder that the even this very difficult winter of our discontent and fear had its share of beauty and charm.
Tarrytown and Sleepy Hollow have been in the midst of a buyer's market for some time. This has been particularly true of the single-family home market in the area. But single family homes had a volume consistent with 2007 levels - significantly down from the boom era, but not the grim dip seen in other sectors. It might be an early indication that that particular sector is starting to stabilize.Of course it is way too soon to say anything definitive. Market bottoms are always judged with 20/20 hindsight!
Larchmont is one of the few areas that has, in some sectors, escaped the worst of the bear housing market - at least for the time being. Single family homes in Larchmont have been particularly resilient. Cooperatives have undergone a mild price correction, but compared to other parts of Westchester, Larchmont is on firmer footing.
It may be the dead of winter, but a buyer's housing market is in full bloom in Scarsdale. Some sales statistics point to one of the best buyers markets for single family homes than has been seen in a very long time.