J. Philip's Westchester Real Estate Blog

This is the market report for the single family home sale activity for the county seat, White Plains, for July of 2010. The city has a number of zip codes, as well as many other types of housing (multi family, condos, co ops) and I can break the activity down down by zip code or property type by request. This should give an overall trend of the market compared to July of 2009. All information is from the Westchester Putnam Multiple Listing Service for single family homes in White Plains.

Things are looking up. Sales are up, the median price is up, and there are a whopping 42 homes under contract, which equals almost one third of the available homes for sale. The same condition existed back in May, and the market is showing no signs of cooling off with Autumn approaching. This speaks to the good quality of life that is available in White Plains.  

My previous postings on White Plains can all be found here.

• We Are Westchester County, NY Real Estate. Reach Phil at (914) 723-8900.
• J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. 2010 Vice President, Westchester-Putnam Multiple Listing Service. 
• I am one of New York's premier short sale REALTORS. 
• 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 am hiring agents. 

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

Hat tip to Craig Rutman:

Money Magazine has ranked America's top 100 small cities to live and White Plains came in ranked #53 . I am closing on a home in White Plains tomorrow as a matter of fact, with another closing later this month, and I do believe that Money has it right with this pick. White Plains in the county seat, has a fantastic mix of residential, shopping, and an exciting downtown, and a strong housing market even in these times. You can get a single family home, a high rise condo, or an affordable co op in a classy building here, and the taxes are low for Westchester. 

I have blogged about White Plains previously and will continue to be active in that market. I knew all along what Money magazine is reporting- White Plains is a great place to live. 

• We Are Westchester County, NY Real Estate. Reach Phil at (914) 723-8900.
• J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. 2010 Vice President, Westchester-Putnam Multiple Listing Service. 
• I am one of New York's premier short sale REALTORS. 
• 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 am hiring agents. 

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

I like White Plains. It is the county seat of Westchester, has a great downtown, lots of pretty pre war buildings, and for some reason, even though I am over here in Briarcliff, I sell a lot of houses there. I have 2 deals going as I write this.  It has several sections, such as North White Plains, Downtown (which has those pretty apartments and a cool skyline), Battle Hill, Rosedale and Gedney Farms. It also has a big co-op and condo market which I'll cover another time. All information is from the Westchester Putnam Multiple Listing Service for single family homes in White Plains.

Prices are down in 2010 from 2009 just a bit, with the median sales price slipping from $590,000 to $546,000 on 9 closings in each year respectively. However, while prices may be down, there is one really interesting blip about 2010 that is worth noting: the median asking price in May 2010 was $535,000. The median sales price was actually higher than the asking price. Are there competitive bids now? The answer is yes, and I know this firsthand.

More good news for White Plains is that there are 49 homes under contract, which is a hugely healthy figure, and at a median price of $610,000, home values are on the rise in White Plains.

There are 154 active listings, so even with all this activity buyer have plenty of options. If you want to check out a White Plains home for yourself, get a free Listingbook account and search White Plains homes for sale like an agent. 

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• We Are Westchester County, NY Real Estate. Reach Phil at (914) 723-8900.
• J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. 2010 Vice President, Westchester-Putnam Multiple Listing Service. 
• I am one of New York's premier short sale REALTORS. 
• 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 am hiring agents. 

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

An exceptional, fully renovated Bryant Gardens top-floor 1 bedroom. Renovated kitchen w/ new floors, cabinets & counters; new bathroom w/ new custom tile work, plus all other upgrades. Boasts new crown molding, new Berber carpeting, & 3 custom ELFA closet systems. Bedroom accommodates king-size set. Complex has immaculate grounds, on-site laundry, barbeque area, newly renovated halls, & playgrounds. Suburbia! Close to NY's new metropolis, trains & highways. Resident permit & visitor parking. 

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You can search the MLS like an agent at http://jphilip.listingbook.com.

J. Philip Faranda ranks among New York's premier short sale REALTORS specializing in short sales in Westchester, Rockland, Putnam & Dutchess Counties. www.NYShortSaleTeam.com. Read Phil's short sale blog at http://NewYorkShortSaleBlog.wordpress.com.

J. Philip Serves Briarcliff Manor, Ossining, Croton on Hudson, Pleasantville, Sleepy Hollow, White Plains, Yonkers, Peekskill, Cortlandt, Tarrytown, Yorktown, Montrose, Hawthorne, Thornwood, Valhalla, Hartsdale & all of Westchester County, New York.

• We Are Westchester County, NY Real Estate. Reach Phil at (914) 723-8900.
• J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. 2010 Vice President, Westchester-Putnam Multiple Listing Service. 
• I am one of New York's premier short sale REALTORS. 
• 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 am hiring agents. 

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