(Updated 11/12) Could it be a case of canary in the coal mine or perhaps a season of As the Trophy House Rusts?

Hema Easley, writing for the Times Herald Record​, delves into the real estate market up in well-heeled hills of Tuxedo Park, where some 50 properties are reportedly for sale. 

“Buyers are waiting, sellers can’t sell. Nobody knows what’s happening,” said Kathy Norris in the article. A long-time real estate agent in the Park, Norris thinks Tuxedo Farms, Town taxes and potential school taxes have weighed on buyers and sellers minds alike. “Until Tuxedo Farms is totally defined, real estate in Tuxedo Park is pretty much undefined as well,” What Norris suggests, reflects in the wider Hudson Valley and beyond real estate market — the search for cost value.

Tuxedo Park home market unsettled https://t.co/k0C2gUh1Y7 via @recordonline

— Hema Easley (@EasleyH845) November 12, 2015

Some amenities come with costs. Tuxedo Park has a storied history going way back, from those early hunting ground days to a community with cottages and designs by Bruce Pryce to a village that has had a rich life in the woody Ramapo Mountains and given much to the Town of Tuxedo.

With clean lakes and surrounded by state parks, The Village of Tuxedo Park is replete with history and picturesque homes — there’s the “lake” and the “club”, and any number of cool carriage houses and gardener’s homes. Along the parks winding narrow roads are nice architectural touches that catch the wandering eye — stone work, sculpture, pathways.

According to Easley, the Village of Tuxedo Park has some 340 homes — 18 have sold in the past two years.

The Village is dealing with primary issues facing all surrounding communities — the rising cost of living.

Barbara du Pont, who sells real estate in Tuxedo Park for Ellis Sotheby’s International, chalks the slow market up to the 2007 economic cliff dive and anemic recovery.

The Park is surrounded by Sterling Forest and Harriman State Parks and has an important voice in Ramapo River watershed issues. The Village gave rise to the town, especially helping build the municipal center that includes the Tuxedo Park Library and matching post office and train station. There’s always that town cost to living in the village, a sort of endowment to the wider community.

Read Hema Easley full article on Tuxedo Park real estate here.