At the end of March I put up a page on condos and cooperatives located in the Larchmont post-office (officially the unincorporated portion of Mamaroneck.) This small cluster of condos and coops are located a stone's throw from both the train and village - making their location nothing short of ideal.
This is an update to that initial post.
2010 Half- Year Update:
Cooperatives continue to be a firm buyer’s market. This is a systemic issue that pervades Westchester County. The uptick in price from $195k to $229k for 1 BR units reflects the low sales volume and the sale of two unusually large and very updated units in that mix. The price drop from $410k, to $356k seen in 2 BR units is in part a reflection of what actually sold during this period as compared to the end of 2009. Overall – there was 10% drop in cooperative prices in this market from Q2 2009 – Q2 2010. The free-fall has ended but how much more in the way of downside that exists is hard to tell. The Larchmont market is generally quite sturdy with single family homes showing a price increase. So this market is more fortified than other Westchester coops in different markets. All data is derived from the Westchester-Putnam MLS.
To Search for Homes and for further information go to my website/blog with free home search at The Westchester View.
I am always happy to answer your questions and you can speak to me directly on my moble phone: 914-374-5529.
© 2010 - Ruthmarie G. Hicks - http://thewestchester view.com - All rights reserved.
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