Look at Hartsdale. According to Zillow's Home Value index, prices peaked in April 2006. Interestingly, this was more than 2 years before Lehman Brother's failure heralded the market collapse of late 2008. But there's been a recovery, you say? Not in Hartsdale: according to Zillow's index, our home values as of July 1, 2013 have recovered to the level of.... um, well, sometime beyond the left margin of this ten year chart. Yes, 10530 single family price values are back up to ....October 2003 levels! Factor in inflation and it's even worse. Next up, the zip code of our two candidates for supervisor... 10583:
Hastings looks a lot more like 10583 than 10530, you say. Hastings stayed at its peak until about March 2008. And Hastings prices have recovered back to where they were in the summer of 2009.
Here are the questions that every Hartsdale home owner should be asking the candidates:
1. (A) As you can see above, home values in both your zip code of 10583 and neighboring Hastings have recovered to 2009 levels. Can you offer explanations to suggest why Hartsdale's home values began dropping two years earlier than 10583 and Hastings?
(B) Why have Hartsdale home values, unlike 10583 and Hastings, shown no signs of recovery, but instead have apparently leveled off at 2003 levels?
2. Can you suggest any specific policies that you, as Supervisor, could implement to assist real estate value recovery in Hartsdale?
NOTE: I know that the Supervisor has no direct control over home values, but Hartsdale is the largest single community in Greenburgh, and its homeowners deserve your serious consideration of this matter.
The short answer is perhaps the internet where most homebuyers start or end their search. The comments on the web about Hartsdale are very negative once you get past the elementary schools. Further, for another $50-100 more you can get a starter home in Hartsley with Ardsley Schools and Greenburgh Recreation and Parking at the train station.
ReplyDeleteThe new Superintendent of Schools at Central 7 is doing a very good job. He is passionate about the school system and is trying hard to improve the quality of education. The problem: There continues to be bright flight- many families continue to give up on the school district after 4th grade and send their kids to private or religious schools.
ReplyDeleteI believe that the school district should work hard to figure out ways to keep higher achieving students in the school district. More courses that offer college credits is one example. I have some ideas and will be working with the school district on this initiative. If parents start giving the schools a chance, their property values will also rise!
Paul Feiner is once again meddling where he doesnt belong. Instead of focussing on the Town's infrastructure he has ideas for Central 7? He never learns - he was caught giving millions illegally to the Valhalla School District! We need change - starting tomorrow. Vote for Bernstein.
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