Horse farm real estate has dropped in price in a fashion similar to the rest of the housing market, the New York Times reports today.
The story provides several examples of properties that have either sold for far less than their original list price or have seen their listing price drop, including a Bedford Corners 22-acre farm with 10 horse stalls currently on the market for $8 million. The listing, with the Katonah office of Coldwell Banker Residential Brokerage, was priced a few years ago at $13 million.
Still, the story said buyers interested in horse farm properties continue to be attracted to Bedford, with the trail network maintained by the Bedford Riding Lanes Association as a main draw.
For the full Times story, click here.
To find out more about the Bedford Riding Lanes Association,