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Archive for February, 2019

179 Forest Avenue
$3,695,000 | 4,496 SqFt | 6 Bdrms | 3.2 Bths | 1.3 Acres

Extraordinary architectural integrity is evident in every aspect of this home. This stunning Colonial offers the ideal balance of classic styling and modern day luxuries. Enviable 1.3 acres offers circular drive, sprawling lawns, covered terrace, beautiful pool, gardens and much more.

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Join us this upcoming Wednesday for our 2nd annual Real Estate Q&A. Perfect opportunity for you to get all your real estate related questions answered, have some refreshments and win some home inspired raffle prizes. RSVPs appreciated to jomeara@houlihanlawrence.com.

Hope to see you there!

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Purchase Street in Rye, New York

Westchester Magazine named Rye and Port Chester as having some of the best downtowns in all of Westchester and we certainly agree!

Here is the list of the top 10:

  • Bronxville
  • Katonah
  • Larchmont
  • Mount Kisco
  • Pleasantville
  • Port Chester
  • Rye
  • Scarsdale
  • Tarrytown
  • White Plains

To read the complete article as to why these downtowns are so desirable CLICK HERE.

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Weekly Real Estate Update (2/22/19 – 2/28/19)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 85
  • SF Homes in Contract – 18
  • Average Listing Price – $2,853,829
  • Average LP Per SF – $684.97
  • Average DOM – 116 Days
  • Median Listing Price – $2,495,000
  • Sales YTD: 2019 – 14 | 2018 – 21

9 New Single Family Listings in Rye:

  • 6 Barberry Lane – $1,365,000
  • 23 Holly Lane – $1,775,000 HL
  • 10 Roger Sherman Place – $1,875,000
  • 7 Stoneycrest Road – $2,350,000
  • 265 Locust Avenue – $2,850,000 HL
  • 133 Grandview Avenue – $2,995,000 HL
  • 12 Ann Lane – $3,095,000
  • 6 S Manursing Island Road – $5,325,000
  • 855 Forest Avenue – $5,995,000 HL/New Construction

4 Price Reductions in Rye

  • 125 Wappanocca Avenue – $799,000 to $749,999
  • 45 Oakwood Avenue – $1,429,500 to $1,399,000
  • 20 Hunt Place – $3,865,000 to $3,785,000 New Construction
  • 95 Central Avenue – $4,995,000 to $4,495,000

15 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 13
  • SF Homes in Contract – 3
  • Average Listing Price – $2,637,615
  • Average LP per SF – $527.16
  • Average DOM – 104 Days
  • Median Listing Price – $1,799,000
  • Sales YTD: 2019 – 1 | 2018 – 1

1 New Single Family Listing in Rye Neck 10580

  • 6 Walden Lane – $2,228,000

0 Price Reductions in Rye Neck 10580

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

HARRISON SCHOOLS (10577, 10580, 10528)

  • Active Single Family Homes – 107
  • SF Homes in Contract – 22
  • Average Listing Price – $2,407,372
  • Average LP per SF – $416.28
  • Average DOM – 170 Days
  • Median Listing Price – $2,195,000
  • Sales YTD: 2019 – 14 | 2018 – 22

7 New Single Family Listings in Harrison:

  • 107 Old Lyme Road (10577) – $875,000
  • 35 New Street (10577) – $899,000
  • 3 Willetts Road (10528) – $1,225,000
  • 38 Brae Burn Drive (10577) – $1,495,000 HL
  • 140 Woodlands Road (10528) – $2,100,000 HL
  • 59 Woodlands Road (10528) – $2,739,000
  • 4 Kervan Road (10580) – $3,295,000

3 Price Reductions in Harrison

  • 6 Pinehurst Drive (10577) – $960,000 to $949,900
  • 12 Flagler Drive (10580) – $2,850,000 to $2,450,000
  • 12 Windsor Court (10577) – $2,895,000 to $2,695,000

15 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.

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35 GREENWAY LANE
The Arbors – Rye Brook, New York
Asking $499,000

2 Bedrooms | 2 Baths | 1,240 Sq Ft | .04 Acres

Public Open House on Sunday, February 24th from 2:00-4:00pm

Immaculate 2-bedroom end unit in sought-after Arbors community. Spacious rooms, updated kitchen and baths, cathedral ceiling, ample closet space, hardwood floors and private fenced in yard with patio. The Arbors offers a private country club lifestyle with clubhouse, pool, tennis and paddle courts, health center and playground.

Front Exterior
Living Room with Vaulted Ceiling
Dining Room
Kitchen
Master Bedroom

For more information on this home or to set up a showing, please email jomeara@houlihanlawrence.com

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This article, written by C. Anderson and Joan O’Meara, appeared recently in The O’Meara Team’s 4Q18 Newsletter…Realty Check. If you would like to be included on our mailing list and receive this 4-page comprehensive quarterly newsletter in your mailbox, please email jomeara@houlihanlawrence.com.

Market Reflections & Insight
Joan O’Meara, associate real estate broker with Houlihan Lawrence’s Rye & Harrison office, provides a glimpse at some of the year’s real estate highlights and offers some insights into the year ahead.

Looking Back

Houlihan Lawrence continued to grow and dominate the market locally, throughout Westchester and Connecticut. HL participated in the highest recorded sale with the David Rockefeller Estate selling at $33,000,000. It was listed at $22,000,000 and had the interest of multiple buyers.

HL continued to participate in more than one third of all transactions in Westchester, compared to its next closest competitor with just 13%. Ranked by the Westchester Board of Realtors, 9 of the top 10 agents throughout Westchester were HL agents in 2018. HL also commanded the Rye market with 6 of the top 10 agents – including Joan O’Meara and team. As one of the top agents in the Rye office, O’Meara and team had 52 transactions and finished the year with over $65M in sales.

O’Meara points out that there was also clear evidence of the success of HL’s continually improving and innovative marketing – locally, as well as regionally, nationally and internationally. “Our participation in over 1/3 of all transactions in Westchester allows us to collect and develop proprietary data, giving us an edge.” She further describes that the most important pieces of data include where the buyers are coming from, what price points are selling, and other crucial information that helps both buyers and sellers. 

Looking Forward

We enter 2019 with some challenges and opportunities. The year will likely get off to a slow start as a result of fewer homes in contract in 2019 versus last year in Rye City. In Harrison, the number of homes in contract is the same as this time period last year. We expect to see new inventory in the coming weeks/months with the hope that this will motivate buyers to transact. This softer market can be attributed to the soft NYC real estate market, a volatile stock market, and changes in the tax law coming into effect now.

The good news as we start the new year is that there are buyers out there looking. Additionally, there is also real value for buyers, as motivated sellers adjust prices accordingly. A recently reduced property resulted in 16 showings within approximately a week. Many of these potential buyers were just beginning their search. This is significant in that it shows the importance of pricing and that there are still buyers in the wings who are keeping a watchful eye on inventory and an open ear to strong value opportunities.

Our spring market started in January, and new listings will continue to join the existing inventory over the next few weeks and months. Sellers willing to price accordingly will actually drive the market in 2019. Aligning with a top real estate agent, with years of experience, will equip both savvy buyers and motivated sellers with the know-how to navigate a tough market and still reach a successful transaction.

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I am honored to receive the Houlihan Lawrence Emerald Award for my sales performance in 2018. Thank you to all my clients, friends and family for helping me acheive this accomplishment.

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