J. Philip's Briarcliff, Ossining & Westchester Real Estate Blog

I've got Croton on Hudson on the mind lately. It isn't because my older brother has lived there for 30 years or because I camped at Croton Point Park as a young scout dozens of times. It could be because the only Bed and Breakfast in all of Westchester County is here, or maybe the numerous excellent restaurants. The real reason Croton is on my mind is because I'll be leasing office space there in the near future, and I intend to do more business in the area in 2010.

Downtown Croton is idyllic- small shops, food, boutiques, and towny-type places that date back prior to my youth.    

 The Village has one of the biggest train stations on the Hudson line of Metro North. It is a major interchange, and even Amtrak stops here.  

The views of the Hudson River from many points on the Village are breathtaking, and I think we get a little spoiled after seeing it every day.

If you want to know more about Croton, the NY Times did a very nice piece on the village last month, and included a very good slideshow also. I highly recommend them. Of course, I like my own photos of the place.

 

• J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. 2010 Vice President, Westchester-Putnam Multiple Listing Service. 
• Read my short sale blog here. 
• J. Philip Serves Briarcliff Manor, Ossining, Croton, the River Towns, Westchester County, and the bedroom counties of New York City.
• Free MLS Search! Register for a Free Listingbook account and search the MLS like an agent. 
• I'm hiring agents. 
• Agents: Subscribe to the 40 Somethings Group. Reach Phil at (914) 723-8900.

All content/images, unless noted, are the property of J. Philip Faranda & may not be used without permission

I have blogged about Croton on Hudson previously. Croton is a beautiful river village just about an hour north of Manhattan by train, and is a popular commuting point. I spent much of my youth there, as my older brother and his family have resided there since about 1980. 

Of the 42 single homes sales this year, the price breakdown is below. My data source is the Westchester-Putnam MLS. 

There are no surprises here. If you want a decent place for under half a million, Croton is a fantastic choice. It has upscale homes also, but overall sales are down for 2009. The market started slow in the village, and thus far this year only 42 homes have sold. In 2008, by comparison, 68 homes sold during the same time period. At the peak in 2005 the number was 85, so sales by transaction total are down 50% from the peak.

There are 52 homes on the market as I write this, so we have over a year's worth of inventory available. Given the fact that available inventory is at it's lowest ebb in December, that could swell up to well over 70 after the holidays. One good piece of news is that the median home value of $455,650 is down only about 10% from the 2005 peak of $510,000. That speaks well of the village, but speaking well of Croton comes easy to me. 

 

• J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. 2010 Vice President, Westchester-Putnam Multiple Listing Service. 
• Read my short sale blog here. 
• J. Philip Serves Briarcliff Manor, Ossining, Croton, the River Towns, Westchester County, and the bedroom counties of New York City.
• Free MLS Search! Register for a Free Listingbook account and search the MLS like an agent. 
• I'm hiring agents. 
• Agents: Subscribe to the 40 Somethings Group. Reach Phil at (914) 723-8900.

All content/images, unless noted, are the property of J. Philip Faranda & may not be used without permission