WHITE PLAINS CITIZENETREPORTER SETS RECORD VISITS FOR YEAR 7,017,658 VISITS! 2,098,003 VISITORS MADE 6 VISITS A DAY EVERY DAY. 63,330 UNIQUE VISITORS MADE 133,730 VISITS IN DECEMBER. WPCNR AVERAGED 17,284 VISITORS A WEEK, VISITING 31,270 TIMES.

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Wednesday April 17, 2019 6:30pm Community Services
(Library, Recreation & Parks, Youth Bureau

Tuesday April 23, 2019 6:30pm Public Works, Public Safety, Parking,
Building.

Monday May 6, 2019 7:30pm Public Hearing*

Thursday May 30, 2019 6:30pm Adoption of the 2019 – 2020 Tax Budget

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WPCNR REAL ESTATE REALITY. Statistics from the Hudson Gateway Association of Realtors. Comment by John F. Bailey. April 8, 2019:

Westchester residential sales declined 3.5% in the first quarter of 2019 from the first quarter of 2018.

The median price (price of a middle of the market single family home the home most in demand) declined to $605,000 from $612,500 a year ago. Sales of Single Family Homes declined 5.6% from last March.

Buyers are considering co-ops and 2 to 4 family homes more than single family residences and condos..

The 2 TO 4 Family Home  median price went up over $100,000 13.8%  to $535 ,000, up from $419,052 a year ago. The average price of a 2-4: $551,007, an astounding advance of 16.2% (to this reporter). Aside: it remains to be determined whether these are speculative sales by real estate investors, or actual first home buyers.

Condos declined 1.5% in sales but gained in price with a median sale of $360,000 up 2.5% from March 31, 2018. The average condo sale was $426,251 up 2.5% over a year ago.

Co-ops hummed going up 9.7% in price (median: $170,000 up $9,000 from $155,000 from the end of last March. Average price of a coop: $193,968, about $5,000 more than last year at this time.

Single Family Homes– the in-demand market —not so good.

The Single Family Homes were down 5.6% at 983 sales, 41 homes less 1,024 in last year’s 1^st quarter. The midpoint sales figure of all sales of Single Fams, half above, half below sold above or below this price was $605,000. Down from $612,500 from a year ago, a 1.2% decline.

Average price of single family home this first quarter $758,219, down  8.1% from a year go. The higher average price reflects sales of more expensive homes inflating the median figure of $605,000 to $758,219.

The Hudson Gateway Assocation of Realtors notes:

“Westchester and Rockland Counties, the areas with the highest price points, saw an easing of critical inventory shortages which could translate to healthier spring sales a result of  better product (housing) selection and an easing of upward pressure on prices.

“Overall the entire service area (Westchester, Putnam, Rockland, Orange and Sullivan Counties)  is experiencing a high level of economic activity and very low rates of unemployment. These factors coupled with particularly attractive mortgage rates are indications that the housing market should continue on solid ground.”

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WPCNR SCHOOL DAYS. From the White Plains City School District. April 7, 2019:

On the day before the White Plains Board of Education vote to adopt the 2019-2000 School Budget tomorrow night for presentation to the voters May 21, the Superintendent of Schools has announced the state has increased aid to the school district by $1.5 Million

Dr. Joseph Ricca, the Superintendent wrote WPCNR this morning;

“We were very pleased to learn that the final ( NY state) budget included an increase in state aid for the WPCSD. We are grateful for our elected officials’ advocacy for the WPCSD.

The allocation of funds now brings the district closer to being fully funded with regard to the foundation aid phase in.

With the addition of $1.5 million, we are now nearing 57% of the state aid phase in.

In the proposed budget, the proposed levy increase remains within the tax cap (3.44%). Unfortunately, while very helpful to the district, the additional state aid would not offset the levy.

We do anticipate that the budget to budget increase will remain below 3.9%.”

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