Tag Archives: Lewisboro NY

Lewisboro NY

Lewisboro Real Estate Prices Rising in 2010 | Lewisboro NY Real Estate | RobReportBlog

Taking a look at the Katonah-Lewisboro school district real estate prices over the last ten years we found median prices were rising until their peak in 2007.  In 2008 and 2009 prices dropped.  In 2010 the median price for a Katonah-Lewisboro school district home rose again.

2000          $502,000

2001          $595,000

2002          $647,500

2003          $675,000

2004          $750,000

2005          $749,500

2006          $790,000

2007          $815,000

2008          $730,000

2009          $617,500

2010          $690,000

Inventory is still high but the median price in Lewisboro shows a good increase in 2010. 

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Lewisboro NY Home Prices Will Be Flat Through 2015 | Lewisboro Real Estate

The recovery of housing prices will take at least four more years, according to a monthly survey of 110 leading economists and real estate experts, significantly longer than previously estimated.

Housing prices will rise only 7.2 percent by 2014 and the aggregate value of U.S. single-family homes four years from now will be roughly $1 trillion less than the economists projected in May, said Terry Loeb of MacroMarkets, the firm conducting the survey, which is based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years. 

”For the first time, in this month’s survey, our panelists provided their expectations through 2015. Less than 3% of the panel expects negative change in 2015, and at +3.7 percent, the average of the forecasts for that year is slightly higher than the average annual rate of national home price appreciation that prevailed in the decade prior to the historic bubble.  Yet, at +7.2%, the average projection of cumulative home price performance through 2014 reached its lowest point since survey inception for the second consecutive month,” said Robert Shiller, MacroMarkets co-founder and chief economist.

“The survey data we collected this year have consistently pointed to price stability in the intermediate- to long-term, which is reassuring in light of the volatility in actual home prices we have witnessed during the past few years.  However, most experts foresee a longer road to recovery, and materially lower price performance in the coming years than they did just a few months ago,” said Terry Loebs, MacroMarkets managing director.

Since the third quarter of 2006, near the height of the housing boom, prices have fallen 28 percent by the third quarter of this year, according to the S&P/ Case-Shiller US National Price Index.  The index rose 14.2 percent from the first quarter of 2009 until the second quarter of 2010, when the housing tax credits were in effect.  The latest MacroMarkets Home Price Expectations Survey was conducted during the period December 1st through December 15th.

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Lewisboro Winter Community Calender | Lewisboro NY Real Estate

Community Events

Check the Weather Forecast


Parks Brochure

Community Events

County Parks








Join the Parks & Recreation Department for a fun filled evening. There will be music, refreshments, lights and a special visit from Frosty & Friends. Dress warm & be ready to have fun & be amongst friends & neighbors. Please bring a canned or non-perishable food item which will be donated to the local community center to help our neighbors during the holiday season.
Monday, December 6 , 2010
Town Park, Route 35, South Salem – Please park in the main lot. Festivities will be held in the lot between the pool and ballfield.

6:30 – 7:30 p.m.


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(December 1st – 17th)
Youngsters, 8 and under, are
encouraged to write to Santa
Claus to express their holiday thoughts
and wishes. Santa’s special mailboxes
will be available at the Recreation
Office, Vista, Cross River and the South
Salem Post Office’s from December 1st
through December 17th. Santa and his
helpers put special care into answering
each letter. Please make sure that you put
your complete name (first and last) and
address on each letter.

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Youngsters 8 and under are invited to this very special event!Children will enjoy a light breakfast while watching a special show that has been planned. Santa will be there to greet each child and Mom and Dad will have plenty of opportunities to photograph Santa with their child.
Saturday, December 11, 2010
John Jay High School Cafeteria
9 – 11 a.m.

1. All children must be accompanied by a parent or guardian

2. As admission to this event, each child is aske to bring an unwrapped gift not to exceed $7.00. These gifts will be distributed to a needy children’s organization.

3. Don’t forget your camera/camcorder!

4. All reservations will be accepted on a first come, first served basis. Registration is limited.




Mortgage Bankers Report Foreclosures Are Falling in Lewisboro | Lewisboro NY Real Estate

Fewer homes are falling into foreclosure, the Mortgage Bankers Association reported Thursday. 

The percentage of homes that entered some stage of foreclosure in the third quarter fell to 13.52 percent compared to 14.42 percent in the second quarter in part because of state and federal investigations into procedural errors, the bankers said. 

Mortgages more than three months overdue also fell during the third quarter to 8.7 percent of all loans, down from 9.11 percent in the second quarter. 

The bankers say it is too early to know whether this represents a positive trend because once the foreclosure investigations grind to a halt, foreclosure activity will pick up.  

Elizabeth Duke, a Federal Reserve Board governor, testified that the Fed expected about 2.25 million foreclosure filings this year and in 2011, and 2 million in 2012. “They will remain extremely high by historical standards,” Duke said in a prepared statement. 

Source: The New York Times, David Streitfeld (11/18/2010)

NAR Article

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