White Plains Police Advise Residents to Stay at Home. Let DPW Do Their Job

WPCNR TRAFFIC ADVISORY. February 26, 2010: White Plains  Chief of Police James Bradley advised WPCNR as of8:30 A.M., White Plains is experiencing some localized power outages due to down wires.


He reports White Plains Roads are very slippery and people should stay home so DPW can do their job. No other major incidents.

New York State Thruway reports I-84 CLOSED IN BOTH DIRECTIONS EXIT 6-EXIT 21

Motorists should plan for extended delays on I-84. Motorists familiar with the area may wish to seek alternate routes to avoid delays.

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Downed Trees, Wires Reported. I-84 Closed. Snow to Continue

SNOW…HEAVY AT TIMES…WILL CONTINUE THROUGH THIS MORNING. IN ADDITION TO THE FALLING SNOW…WIND GUSTS OF UP TO 35 MPH WILLCAUSE BLOWING AND DRIFTING OF THE SNOW…AS WELL AS BRIEF REDUCTIONS IN VISIBILITY LESS THAN ONE QUARTER OF A MILE.

THE WIND WILL STEADILY DECREASE THROUGH NOON. LIGHT TO
OCCASIONALLY MODERATE SNOW WILL CONTINUE THROUGH TONIGHT.

STORM TOTAL SNOWFALL OF 12 TO 18 INCHES CAN BE EXPECTED IN NEW YORK CITY…WITH TOTALS OF 15 TO 25 INCHES EXPECTED ACROSS PUTNAM AND WESTCHESTER COUNTIES.

WPCNR observes:9 and 1/2 inches have fallen at our location, with higher drifts.

Greenburgh Town Supervisor Paul Feiner observes:

“I just got off the phone with the Greenburgh police department. As of 6:30 AM over 30 roads in the town are closed due to trees, wires falling. As trees come down we expect additional power outages.
The police department STRONGLY SUGGESTS that you stay home. It is very dangerous. We expect more trees to fall and more wires to come down since the storm is not over. Many roads are not passable–all over the region (not only in Greenburgh). YOu are safer in your home.

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Selling Price of WP Homes fell 24% in Last 1/4; 5 Months, 3 Weeks to Sell

 


WPCNR THE REALTY RECORDER. February 24, 2010: Rand Realty citing White Plains Multiple Listing Service statistics on White Plains sales in the October, November December 2009 quarter showed that 104 White Plains homes were on the market, and that the average sale price for the 48 homes sold  in that period continued to drop, off 24%.2 from the identical final quarter of 2008.


 


There were 13 more home sales in the final quarter of 2009 than there were in the final quarter of 2008. The Median Selling Price (meaning exactly half of the 48 homes sold sold for above the median price, and half below it), continued to fall…off 22.5%. That median price is $542,000, down from $700,000 in 2008.


 


The average selling price was $583,832 for the 48 homes sold in the last quarter, down from the $770,003 average sale price for the 35 homes sold in 2008.


 


The average time it takes to sell a home continues to be about five months  and 3 weeks. There were 104 homes on the market as of January 1.


In contrast, when all of Westchester County home sales in the fourth quarter are taken into account, across the county the Average Selling Price only declined 1.2% as opposed to the  24.2% decline in White Plains average selling price. This could be taken to mean high end homes are not coming on the market, and that those that are on the market are selling for less than they used to, a lot less. But at least half the homes sold above the $542,500 level.


In the fourth quarter, White Plains homeowners who sold their homes averaged selling their homes for 5.6% less than they originally listed them for. For example if you put your home on the market for $600,000, you could expect to have to take it down $33,000 more before selling.  Across the county homeowners were settling for 7.4% less than their asking price in the final quarter.


There were 54 homes put on the market in White Plains last quarter, and the inventory was 104 as of December 31, 2009.


Rand notes that “median prices fell 25% (in White Plains), however that does not necessarily mean your home lost 25% of its value.


 


 

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Reader’s Digest Will Move Into 44 South Broadway. Take 3 Floors

WPCNR MAIN STREET JOURNAL. By John F. Bailey. February 24, 2010: WPCNR News has learned from reliable sources speaking on condition of anonymity that Reader’s Digest, the publishing company relocating from its former Chappaqua Headquarters has signed a contract to move into 44 South Broadway, adjacent the White Plains Pavilion Mall, and next to The Westchester Mall.


The company, according to WPCNR sources, will be leasing three floors at “44” which are currently being renovated for the publisher. Previously it had been reported that the Digest was considering moving about 550 employees and was considering White Plains. Now it is definite, according to WPCNR information.

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