Armonk is a Hamlet located in the Town of North Castle which has three distinct geographical areas. Armonk is located in the central part of the town. It is the seat of town government and town library. Banksville known as the "Eastern District of North Castle", located in the eastern part of the town, close to Connecticut and North White Plains located in the southern part of the town. It is south of the Kensico Reservior Dam, west of the White Plains Reserviors, and east of the Bronx River although the name generally refers to any portion of North Castle south of the Kensico Reservior.
Some statistics for the Byram Hills School District:
there are 173 active single family homes on the market (12 are in contract but are considered active until financing is in place);
there are 11 pending sales (financing is in place and they are ready to close);
7 houses sold during the past month.
The absorption rate stands at 107 weeks. An absorption rate is the length of time it will take to sell the current inventory at the current rate of sale. Less than six months indicates a seller's market and great than six months indicates a buyer's market.
