Some parts of Westchester NY are already recovering. In areas such as Scarsdale and Larchmont, we saw our fair share of competitive bidding this year. This breath of fresh air was restricted to single-family homes in specific municipalities. Prices in these areas are well off their lows in spite of continuing declines elsewhere.
The real estate industry is something of a black box to consumers. Agents hype their marketing in order to win listings. Consumers often buy into the hype because on the surface, it makes sense. However, if you dig a little deeper, you might be surprised to see what actually rocks and what flops.
What I was emphasizing in that first post was that an agent can not defy market forces. If prices are down and the market is a bear which is the case for most of Westchester homes for sale, then even the most stellar agent will NOT be able to get you a 2006 price in 2011. The notion that the "right agent" will get the seller "their price" is a fallacy which dies a slow hard death for many sellers.