A for-sale home in Larchmont, asking $1.4 million

High residential prices in New York City are driving buyers to suburbs, where they're bidding up prices on one- to two-million-dollar homes near train lines. Towns like Larchmont, Irvington, Bronxville, White Plains and Pelham in Westchester seemed to be the central hub of activity, with homes selling at or above their asking prices between 23 and 44 percent of the time, according to appraiser Miller Samuel.