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Archive for April, 2019

30 CENTRE STREET
Rye, New York

$2,595,000 | 6 Bedrooms | 3.1 Baths | 3,803 Sq Ft | .26 Acres

Public Open House on Sunday, April 28th at 2:00-4:00pm

Ideally located in one of the most desirable neighborhoods in Rye, this home is within walking distance to preschools, elementary school, middle/high schools, as well as town, train and Rye Town Park & Beach. The cozy and welcoming wrap-around front porch exemplifies the irreplaceable charm and character of this home and is balanced by ample modern amenities found within. This home is the standard of superior architectural detailing including high ceilings, large windows creating a light and airy interior, beautiful parquet floors with varied inlays and five-panel interior doors. The functional flow is the paradigm for today’s casual living and entertaining. Enviable Chef’s kitchen with large island and modern appliances, updated/new baths, master bedroom suite, new laundry room, sunny and convenient mudroom, custom shelving in closets and finished basement with recreation room are some examples of what this home has to offer. Both interior and exterior were recently painted in 2019. Nestled on an organically landscaped quarter-acre…this home exudes curb appeal.

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Stop by 179 Forest Avenue with some friends to tour this beautiful home and to get some Mother’s Day shopping done.
Friday, May 3rd | 10:00am-3:00pm

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Rye City Rentals

The O’Meara Team has a plethora of rentals available in Rye City. If you are looking for a single family rental contact us today.

80 Elmwood Avenue | $10,500 | 5 Bdrms | 3.1 Bths | Available June 1st
78 Orchard Avenue | $8,500 | 4 Bdrms | 3.1 Bths | Available July 20th
237 Purchase St Unit #2 | $6,200 | 5 Bdrms | 3.1 Bths | Available June 1st
31 Soundview Avenue | $1,100,000 | 3 Bdrms | 2.1 Bths | Available Immediate Occupancy
70 Florence Avenue | $5,400 | 4 Bdrms | 2.0 Bths | Available July 5th
195 Purchase Street #2 | $5,400 | 4 Bdrms | 2.1 Bths | Available June 30th
199 Purchase St Unit A | $4,700 | 3 Bdrms | 2.1 Bths | Available for Immediate Occupancy
193 Purchase St Unit #1 | $3,600 | 3 Bdrms | 2.0 Bths | Available for Immediate Occupancy

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Weekly Real Estate Update (4/19/19 – 4/25/19)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 132
  • SF Homes in Contract – 42
  • Average Listing Price – $2,755,398
  • Average LP Per SF – $669.17
  • Average DOM – 93 Days
  • Median Listing Price – $2,347,500
  • Sales YTD: 2019 – 20 | 2018 – 38

8 New Single Family Listings in Rye:

  • 1 Garden Drive – $650,000 HL
  • 55 Meadow Place – $1,375,000
  • 12 Sharon Lane – $1,495,000
  • 141 Soundview Avenue – $1,925,000
  • 138 Oakland Beach Avenue – $1,975,000
  • 85 Fairway Avenue – $2,795,000 HL
  • 115 Drake Smith Lane – $5,295,000
30 Centre Street | $2,595,000 | O’Meara Team at HL

4 Price Reductions in Rye

  • 21 Brookdale Place – $875,000 to $825,000
  • 20 Vale Place – $1,199,000 to $1,169,000
  • 101 Glen Oaks Drive – $2,195,000 to $2,095,000
  • 110 Hix Avenue – $2,695,000 to $2,595,000

42 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 17
  • SF Homes in Contract – 4
  • Average Listing Price – $2,332,759
  • Average LP per SF – $485.09
  • Average DOM – 93 Days
  • Median Listing Price – $1,899,900
  • Sales YTD: 2019 – 2 | 2018 – 5

0 New Single Family Listings in Rye Neck 10580

0 Price Reductions in Rye Neck 10580

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

HARRISON SCHOOLS (10577, 10580, 10528)

  • Active Single Family Homes – 114
  • SF Homes in Contract – 31
  • Average Listing Price – $2,297,630
  • Average LP per SF – $411.21
  • Average DOM – 145 Days
  • Median Listing Price – $1,980,000
  • Sales YTD: 2019 – 34 | 2018 – 35

4 New Single Family Listings in Harrison:

  • 43 Park Avenue (10528) – $635,000
  • 24 Harwich Lane (10577) – $899,000 HL
  • 11 Puritan Road (10580) – $1,695,000
  • 519 Woodlands Road (10528) – $1,879,000

5 Price Reductions in Harrison

  • 107 Old Lyme Road (10577) – $850,000 to $809,900
  • 16 Sunset Lane (10528) – $1,225,000 to $1,199,000
  • 12 Hampton Road (10577) – $1,699,000 to $1,649,000
  • 18 Lakeside Drive (10580) – $1,725,000 to $1,695,000
  • 39 Winfield Avenue (10528) – $3,495,000 to $2,990,000

20 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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1st Quarter 2019 Executive Summary – Luxury Market Report
by Anthony Cutugno (Senior Vice President/Director of Private Brokerage):

Over the past 6 months, the number of luxury home sales North of NYC experienced a decline of 33%. Westchester County (sales $2M and higher) suffered the steepest drop – down 38%. There is no isolated incident that accounts for losses, but rather a confluence of events that negatively impact our markets and effectively shrinks the number of luxury buyers north of NYC. The real estate market in NYC has softened resulting in fewer buyers leaving the city to head north because their apartments remain unsold. This important feeder market was robust just 18 months ago. Condos, coops and town-homes appreciated in value, sold quickly, and reliably drove buyers leaving the city to our area. Now listings are sitting on the market longer as inventory grows, selling for less than expected. As the market leader, Houlihan Lawrence tracks where buyers come from and our data indicates a 40% decline this year in the number of NYC buyers moving to the suburbs compared to same period last year.

As NYC finds its footing in a changing real estate market, this April marks the first tax season with new tax laws. Homeownership is now more costly without property tax deductibility, especially in NY which has among the highest property taxes in the country. Consequently, many would-be move-up buyers – another important segment for the luxury market – are now more likely to stay in their current home than trade-up to a bigger and more expensive property. Instead, they may add an extra bedroom or renovate their kitchen rather than assume higher property taxes, a larger mortgage and increased maintenance costs. Tax reform has also pushed some residents of NY and CT to strategically relocate to more tax-friendly states. Low-tax states such as Florida, Texas and North Carolina gained the most population in 2018.

Sharp declines in the market represent an opportunity for savvy buyers. Deals are coming together albeit at lower prices with sellers who meet the market. Luxury buyers have high standards – they want a turnkey property that represents value. Razor sharp pricing and impeccable presentation are the best tools a seller has to attract buyers actively in the market. Houlihan Lawrence participated in 71% of all luxury transactions in the first quarter and our pulse on the market is reliable. Our agents are busy and we are anticipating deals will come together at a faster pace in the second quarter than these past six months. Continued confidence in the economy is evident in the rebounding stock market and stable interest rate environment. The spring market had a late start and the next eight weeks will be pivotal during this important selling season.

To view full report CLICK HERE.

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6 INDIAN HILL ROAD
Rye, New York

$1,775,000 | 2,789 SqFt | 4 Bdrms | 2.1 Bths | .15 Acres

Public Open House on Saturday, April 6th from 2:00-4:00pm
and Sunday, April 7th from 2:00-4:00pm

Extraordinary opportunity to enjoy your own personal oasis in one of the most desirable neighborhoods in Rye. This Colonial, fully renovated and expanded in 2007, is beautifully nestled on an idyllic .2 acres featuring raised garden beds, custom fence, large patio, handcrafted rock fountain with 3 foot waterfall and 25 foot pine trees – providing a private retreat in your own backyard. Home was thoughtfully designed to capture the essence of its serene surroundings. This is most evident in the spacious family room where the sliding glass doors and window layout conjures the feeling of being outside. Office with separate entrance offers a tranquil environment with high ceiling and garden view and can be used for private or professional use. Large entry hall leads to living room with gas fireplace and cathedral ceiling and kitchen with granite counter-tops, custom cabinets, stainless appliances, wine refrigerator and breakfast area. Master bedroom replete with updated bath and large closets, three bedrooms and hall bath comprise the second floor living space. Basement offers recreation room, laundry and doors to yard and gardens. Enviable location offers easy walk to beach, town, train and is less than ½ mile to schools. Rye City boasts nationally ranked high school and middle school and has the lowest tax effective tax rate of any municipality in Westchester County. This home will exceed your expectations!

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