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EXECUTIVE SUMMARY (Excerpt) by Stephen Meyers (CEO) and Chris Meyers (President)

The real estate market in Westchester, Putnam and Dutchess counties remains polarized depending on price point, but the third quarter brought some welcome life into a previously quiet 2019. The first two quarters of the year were anything but frothy, but once buyers were able to put the new tax laws into clear perspective the market turned on quite predictably. The tax reform, however, was not the only factor that kept many buyers on the sidelines. Perception of value remained critical in order for buyers to take action. With a surplus of data readily available to consumers, both online presentation and price must be flawlessly aligned in order to stand out from the competition. In many of our markets, primarily where there are higher price points and growing inventory, sellers needed to adjust downward before the buyers took action. Where the sellers did adjust, Westchester County sales rebounded. Most notably the Sound Shore and parts of Northern Westchester experienced double digit increases over last year. In Westchester, there was an average increase in home sales of 0.6% in the third quarter this year as compared to Q3 2018 and the median sale price increased 3.0%. In the entry level price points multiple bid situations were still prevalent where inventory was low.

Although the market activity started later this year than we’re accustomed, it extended throughout the summer, a traditionally quieter time. August, in fact, was our busiest month in 2019 for closings and the activity has continued throughout September. As we approach an election year, which adds uncertainty to an already fragmented market, you can count on Houlihan Lawrence for proprietary market intelligence to guide your decision making.

To see the full summary and report CLICK HERE.

Weekend Open Houses

SUNDAY, OCTOBER 6TH
2:00-4:00PM

66 Elmwood Avenue | Rye | $1,239,000 | 4 Bdrms | 2.0 Bths
50 Walker Avenue | Rye | $1,895,000 | 5 Bedrms | 3.1 Bths

After stopping by our amazing open houses use the Waze App to preview hundreds of other homes for sale as part of the Houlihan Lawrence Open House Event this weekend.

It isn’t too late to purchase tickets to OKTOBERFEST 2019 hosted by the Friends of Rye Nature Center.

Date: Friday, October 4th
Time: 7:30-10:30pm
Location: Rye Nature Center – 873 Boston Post Road in Rye

Come celebrate the 60th anniversary of the Rye Nature Center and enjoy live music, hops, vines and delicious eats.

For more information and to purchase tickets CLICK HERE.

Weekly Real Estate Update (9/27/19 – 10/3/19)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 83
  • SF Homes in Contract – 19
  • Average Listing Price – $2,934,406
  • Average LP Per SF – $674.68
  • Average DOM – 128 Days
  • Median Listing Price – $2,000,000
  • Sales YTD: 2019 – 122 | 2018 – 126

4 New Single Family Listings in Rye:

  • 38 Redfield Street – $1,169,000
  • 96 Evergreen Avenue – $2,475,000 HL
  • 299 Forest Avenue – $2,500,000
  • 289 Grace Church Street – $4,000,000

4 Price Reductions in Rye

  • 281 Milton Road – $999,000 to $949,000
  • 3 Bixby Court – $1,480,000 to $1,430,000
  • 20 Crescent Avenue – $3,295,000 to $3,149,000
  • 115 Drake Smith Lane – $4,700,000 to $4,600,000

23 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 11
  • SF Homes in Contract – 2
  • Average Listing Price – $2,566,636
  • Average LP per SF – $529.11
  • Average DOM – 94 Days
  • Median Listing Price – $1,950,000
  • Sales YTD: 2019 – 15 | 2018 – 16

1 New Single Family Listing in Rye Neck 10580

  • 6 John Jay Place – $1,498,000 HL

0 Price Reductions in Rye Neck 10580

2 Public Open Houses in Rye Neck (10580) This Weekend

HARRISON SCHOOLS (10577, 10580, 10528)

  • Active Single Family Homes – 111
  • SF Homes in Contract – 19
  • Average Listing Price – $2,276,211
  • Average LP per SF – $409.58
  • Average DOM – 155 Days
  • Median Listing Price – $1,865,000
  • Sales YTD: 2019 – 101 | 2018 –115

3 New Single Family Listings in Harrison:

  • 1 King Street (10528) – $749,000
  • 18 Pleasant Ridge Road (10528) – $1,399,000 HL
  • 57 Bates Road (10528) – $1,799,000 HL

3 Price Reductions in Harrison

  • 15 Fenimore Drive (10528) – $849,000 to $799,000
  • 16 Sunset Lane (10528) – $1,049,500 to $999,500
  • 22 Braxmar Drive N (10528) – $1,389,000 to $1,349,000

22 Public Open Houses in Harrison (10580,10528,10577) This Weekend

For more information on any of the above properties or the current real estate market please contact me at jomeara@houlihanlawrence.com.

50 WALKER AVENUE
$1,895,000 | 5 Bedrooms | 3.1 Baths | 2,583 Sq Ft | .14 Acres

Recently completed and thoughtfully designed Colonial for today’s lifestyle by SAC Development and Alpine Construction. Inviting front porch opens to paneled foyer with coat closet and powder room, formal living room and dining room and large family room anchored by gas fireplace. Gourmet kitchen featuring island and enviable breakfast room with doors to stone patio. Second floor living space offers master suite featuring large bedroom with walk-in closet and luxurious bath with soaking tub and dual vanity, three bedrooms, full hall bath with dual vanity and convenient laundry. Finished lower level complete with recreation room, bedroom, full bath, mudroom with bench and access to attached one-car garage. Home is sited on .14 acres in walking distance to Rye Golf Club and Osborn Elementary School.

It is officially fall and that means it is time to prepare your home (inside and out) for the winter months. Here are some ideas from the O’Meara Team:

Things-To-Do Outdoors:

  • Aerate the Lawn
  • Feed the Grass (seed and fertilize)
  • Mow the Lawn (shorter the better in the fall)
  • Check the Irrigation System (if applicable)
  • Plant New Shrubs and Evergreens
  • Mulch Young Plants
  • Clean the Gutters and Downspouts
  • Check and Repair Walkways (if needed)
  • Clean and Store Outdoor/Patio Furniture
  • Turn Off Outside Water

Things-To-Do Indoors:

  • Change Filters (central air, dryer, stove, etc…)
  • Check and Clean Fireplace/Chimney
  • Check Window and Door Drafts – Add Weatherstripping
  • Change Batteries in Smoke Detectors
  • Have Heating System Serviced

This is a great time of the year to have a Home Energy Audit done. For more information Click Here.

3RD ANNUAL RYE TOWN PARK FALL FESTIVAL 2019

Date: Saturday, October 19th
Time: 11:00-3:00pm
Fee: $10 Per Child (Adults and Children Under 3 are Free)

  • Crafts
  • Activities
  • Face Painting
  • Hay Rides
  • Food Truck and More

Songs for Seeds Performing at the following times: 11:30am, 12:30pm, 1:30pm and 2:30p