Larchmont is one of the most walkable and commutable communities in lower Westchester. This is why Homes for sale Larchomt NY are actually a desired commodity even in a deep housing recession. Homes in the Murray Ave elementary school district are not technically part of Larchmont Village – but are considered to be in the unincorported portion of the of the town of Mamaroneck. However, the neighborhood boasts a Larchmont P.O. and zip code and much of it is located within walking distance of the train and the village. Depending on precise location, many have the option of leaving the car behind for the Larchmont to Grand Central commute as well as shopping and fine dining.
Looking at recent home sales in this neighborhood the data supports a neutral market – perhaps even pushing into what would be a marginal seller’s market. This distinguishes Larchmont homes for sale from many other parts of the county.
As can be seen in the chart below, prices for single family homes the Murray Ave. school district remained stable over the first six months of the year. There was an upward trend for higher-end homes with more than 4 bedrooms. Median price for a 3 BR single family home was $789.5k during the first six months of this year. Down 3.7% from the second half of 2009. 4 BR homes had a median sales price of $1,027k – with no significant change from the second half of 2009 while 5 BR+ homes had a median price of $1,370k – up from $1,198k for the second half of 2009. The median price of a house overall was $977.5k – up from $969k – or less than 1%.
Considering the state of the overall market – Larchmont is very robust.
For more information about this wonderful neighborhood see -
Single Family Homes in Larchmont NY – Murray Ave Elementary School
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© 2010 – Ruthmarie G. Hicks – http://thewestchesterview.com. All rights reserved.
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