This is a lovely area of Larchmont. The area is strictly residential – yet for the most part it is walkable area – many of the homes being a mile or less from the train station and parts of the village. Some areas are somewhat further from town – so walkability depends upon you precise location. However, many in the area opt to leave the car and walk. The streets are tree -lined and the neighborhoods are established with mature trees. Homes for sale in much of Larchmont generally tend to have a distinctively Old -World charm about them Pre-war homes. Tudors seem to dominate the area although Colonials are very much in evidence as well. But don’t let the age of these homes fool you. Most of them have aged gracefully and boast many upgrades that can give you the best of both worlds: old world charm – with modern amenities. The lot sizes run the gamut from roughly 0.12 acres to over an acre in larger homes. In general, the homes close in to the village sit on smaller lots.
It should be noted at the outset that this area is not truly part of the village of Larchmont, but is rather part of the incorporated portion of the town of Mamaroneck. The elementary school serving the are is the Murray Ave. School. It received a rating of 10 out of 10 from GreatSchools.org and is a true “neighborhood” school.
The Housing Market and Current Market Conditions:
The pricing history tells us that this is a market that has seen a significant price adjustment over the past couple of years. Included at the bottom of this page are some market stats starting in 2006 to the present. Pricing history was broken down between 3 BR, 4 BR and 5+ BR homes. Also included is the history of sales volume over 4 years as well as the general pricing trend. Form both of those charts it can be seen that as sales volume decreased, so did prices. So far, this quarter, things are looking up. The average sales price for the area since Jan 2010 has been $1,079,000 – up from the second half of 2009 ($969,000) and roughly level with the first half of 2009. Volume, if it continues on its current path, will be up significantly from the previous year. The number of contracts and pending sales indicates a strong quarter ahead for the spring.
For more information about the commute to Grand Central Station go to the Metro-North site:
For more information about life in Larchmont and the Village of Larchmont go to Living in the village of Larchmont NY.
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://thewestchesterview.com
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