Westchester luxury sales slow

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Luxury units in Westchester, which multiplied during the housing boom, are now slow to sell. At the Ritz-Carlton Westchester in White Plains, for example, most of the 180-unit first tower sold within 10 months of going on the market in fall 2006, at an average price of $870 per square foot. But at the second tower, which came on the market nine months ago, only 70 of 177 units have sold. Developer Cappelli Enterprises has not reduced prices on the tower, where prices average in the high $800s to low $900s per square foot.

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