Active Rain January 3, 2010

Briarcliff Real Estate Market Recap

Briarcliff Manor, about 30 miles north of New York City on the Metro North Hudson line (Scarborough stop if you are keeping score) is a village of stately, bucolic neighborhoods. It boasts one of the most charming main streets you’ll see on Pleasantville Road, and if you wander a bit you’ll find Pace University on the old Briarcliff College campus, Trump National Golf Course, and Holly Hill, the late Brooke Astor’s estate (on sale now for $10.5 million). It has an award winning school district, wonderful amenities, and a quality of life that is top shelf. Ann and I moved our family here in 2007 from the next neighborhood over in Ossining, and we love it here. I consider it one of the most underrated places in Westchester County.

Briarcliff Manor 

Howard Stern got his start here at a small radio station (WRNW) which, as I recall, was operating out of a small house in the 70’s. My office on North State Road is walking distance from that place. 

46 single family homes were sold in the village in 2009, and the median price was just over $654,000. 

Briarcliff 2009 Real Estate Sales

At the peak of the market in 2005, the median price was 865,000. That puts the correction at just under 25%, which basically wipes out the inflated spike from 2004-2005.  

There are 38 homes for sale currently, ranging in price from $419,000 to $4.65 million, excluding the Astor Estate. This means that there is just under a year’s worth of available inventory. 13 homes are priced below $700,000, and there is no telling how many more will be listed for sale in the coming weeks as the holidays get small in  the rear view mirror. If you do come to Briarcliff, park downtown on Pleasantville road and do a little window shopping. You’ll like what you see, and you’ll understand why we who live here love it. 

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