White Plains NY homes are in the midst of a bear market that appears to be in full bloom. In general, the good news is that the free-fall in prices has ended - with the biggest price adjustments being in the condo market.
Over the past week, I have been weighing the pro and con arguments of the city of White Plains purchasing the Ridgeway Golf Club. The overwhelming fact remains that the unique nature of the property and its position on environmentally sensitive land as well as the bear market - has made this large tract of land available for a "song."
The Gedney Farms White Plains NY neighborhood has been on pins and needles since the 2009 announcement that the Ridgeway Golf club including the Golf course that graces the neighborhood was up for sale.
Since there have been relatively few sales at the Broadlawn White Plains, the presence of six 2 BR units on the market represents a significant inventory. This is an opportunity for buyers. Sellers need to price their units accordingly or they will lose value in a depreciating market.
White Plains New York homes have been following patterns seen throughout county with Westchester county homes for sale continuing to drop in value. Sales volume was up during the period that the tax credit was in place.