westchester home values: What Does $500,000 Buy in Westchester County?
- 10/03/10 02:31 PM
What can you buy in different parts of Westchester County for half a million? Interesting question. I did a survey of closed transactions around the county in the past 30 days, and what I found speaks to the different characters of the many areas of our fair county. Bear in mind that these are closed transactions since September 3, not asking prices or deals from a bygone era. All information is taken from the Westchester -Putnam Multiple Listing Service. In Somers, home of my alma mater, John F Kennedy Catholic High School, $487,000 bought a 3 bedroom 2100 square foot raised ranch … (3 comments)
westchester home values: The Money You "Lost" in Your Price Reduction Wasn't Real
- 09/10/10 02:39 AM
With a median home price hovering near $700,000, even a modest price reduction on a Westchester County home can be tens of thousands of dollars. I have to approach a reduction with the diplomacy of a funeral director but be as convincing as a physician imploring his patient to quit smoking. No one could predict after the stimulus where prices would go, but it is clear that what few buyers we have are skimming the absolute cream off the top and leaving the rest. They even fight over the good stuff, creating an illusion of urgency in isolated precincts. Overall, sadly, median home price … (223 comments)
Phil Faranda is broker and owner of J. Philip Real Estate LLC in Briarcliff Manor, NY. Since founding the firm as a sole practitioner in late 2005, the team has grown to over 80 agents & closed 1000+ transactions valued at over $1 billion. He was 2014 President of the HGMLS and a 2017 Inman Influencer. This blog commentary is geared toward consumers and industry colleagues alike. You can reach him at (914) 723-8900. Warning: *Sarcasm and irony advisory at all times.*
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There is no doubt in my mind that the house would still be on the market if it wasn't for Phil's proactive efforts.
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Phil was very responsive to our requests; he was very professional and respectful; he always gave us his honest opinion on the questions we asked. ... more
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What can you buy in different parts of Westchester County for half a million? Interesting question. I did a survey of closed transactions around the county in the past 30 days, and what I found speaks to the different characters of the many areas of our fair county. Bear in mind that these are closed transactions since September 3, not asking prices or deals from a bygone era. All information is taken from the Westchester -Putnam Multiple Listing Service. 
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