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Archive for the ‘Market Updates’ Category

Weekly Real Estate Update (8/11/17 – 8/17/17)

RYE CITY SCHOOLS (10580)

There are currently 83 Active Single Family Homes in the Rye City Schools area.  Current average price is $3,594,892. Average price per square foot is $732.66. Current average DOM is 116 days. Median price is $2,795,000.

2 New Single Family Listings in Rye:

  • 10 Florence Avenue – $2,595,000  New Construction
  • 61 Osborn Road – $3,997,000  New Construction

2 Price Reductions in Rye:

  • 16 Vale Place – $1,325,000 to $1,295,000
  • 2 Glen Oaks Drive – $1,450,000 to $1,299,000

11 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

There are currently 12 Active Single Family Homes in the Rye Neck Schools 10580 area.  Current average price is $2,721,417. Average price per square foot is $524.98. Current average DOM is 128 days. Median price is $2,200,000.

0 New Single Family Listings in Rye Neck 10580

0 Price Reductions in Rye Neck 10580

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

HARRISON SCHOOLS (10577, 10580, 10528)

There are currently 148 Active Single Family Homes in the Harrison Schools area (10580, 10577, 10528). Current average price is $2,735,736. Average price per square foot is $428.88. Current Average DOM is 152 days. Median price is $2,495,000.

0 New Single Family Listings in Harrison:

0 Price Reductions in Harrison:

5 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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Weekly Real Estate Update (8/4/17 – 8/10/17)

RYE CITY SCHOOLS (10580)

There are currently 87 Active Single Family Homes in the Rye City Schools area.  Current average price is $3,509,080. Average price per square foot is $731.19. Current average DOM is 110 days. Median price is $2,695,000.

4 New Single Family Listings in Rye:

  • 9 Overlook Place – $1,899,000  New Construction
  • 63 Davis Avenue – $2,250,000  New Construction
  • 49 Coolidge Avenue – $2,295,000  New Construction
  • 27 Claremont Avenue – $2,650,000  New Construction

2 Price Reductions in Rye:

  • 27 Ridgeland Terrace – $739,000 to $699,000
  • 108 Bradford Avenue – $1,495,000 to $1,450,000

9 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

There are currently 13 Active Single Family Homes in the Rye Neck Schools 10580 area.  Current average price is $2,804,000. Average price per square foot is $545.55. Current average DOM is 118 days. Median price is $2,250,000.

0 New Single Family Listings in Rye Neck 10580

0 Price Reductions in Rye Neck 10580

1 Public Open House in Rye Neck (10580) This Weekend

HARRISON SCHOOLS (10577, 10580, 10528)

There are currently 157 Active Single Family Homes in the Harrison Schools area (10580, 10577, 10528). Current average price is $2,650,178. Average price per square foot is $426.65. Current Average DOM is 142 days. Median price is $2,395,000.

7 New Single Family Listing in Harrison:

  • 11 Bentay Drive (10528) – $661,000
  • 13 Bellain Avenue (10528) – $735,000
  • 232 Union Avenue (10528) – $740,000
  • 6 Yarmouth Road (10577) – $879,000
  • 27 Brookside Lane (10528) – $999,000
  • 12 Flagler Drive (10580) – $3,250,000
  • 1 Laurel Woods Court (10580) – $5,995,000

6 Price Reductions in Harrison:

  • 12 Saddletree (10528) – $1,395,000 to $1,394,999
  • 4390 Purchase Street (10577) – $1,430,000 to $1,350,000
  • 400 Polly Park Road (10580) – $1,800,000 to $1,750,000
  • 205 Polly Park Road (10580) – $1,950,000 to $1,895,000
  • 16 Magnolia Drive (10577) – $3,150,000 to $2,995,000
  • 11 Sky Meadow Farm (10577) – $4,500,000 to $4,200,000

7 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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Excerpts from the Executive Summary by President Chris Meyers and CEO Stephan Meyers…

  • Inventory remains low. Inventory overall in Westchester was down 11%.
  • The lack of inventory is affecting pricing which presents a challenge for first-time homebuyers. Primarily it’s the
    inventory at the most affordable levels, homes priced below $1,000,000, where inventory is down 16% overall but down
    as much as 35% below $500,000.
  • The high-end market started strong but has since cooled. While sales of luxury homes were strong through the end
    of the quarter, pending sales in Westchester are down. (see the full luxury report posted last week)
  • Homes continue to trade at a healthy pace; but, that may change. The number of homes sold in Westchester is nearly flat or slightly ahead of last year. Pending sales however, have declined since the end of the quarter, showing early signs of softening.

To Read the Entire 2nd Quarter Market Report…Click Here.

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Weekly Real Estate Update (7/28/17 – 8/3/17)

RYE CITY SCHOOLS (10580)

There are currently 91 Active Single Family Homes in the Rye City Schools area.  Current average price is $3,481,308. Average price per square foot is $725.81. Current average DOM is 105 days. Median price is $2,695,000.

5 New Single Family Listings in Rye:

  • 27 Ridgeland Terrace – $739,000
  • 107 Bradford Avenue – $999,000
  • 65 Grace Church Street – $1,695,000
  • 351 Park Avenue – $4,100,000  New Construction
  • 2 Upper Dogwood Lane – $4,995,000

5 Price Reductions in Rye:

  • 47 Adelaide Street – $1,150,000 to $1,075,000
  • 556 Milton Road – $1,349,000 to $1,279,000
  • 20 Anchor Drive – $1,750,000 to $1,699,000
  • 50 Drake Avenue – $1,999,000 to $1,899,000
  • 67 Island Drive – $3,450,000 to $3,149,000

14 Public Open Houses in Rye This Weekend Including…

38 Lasalle Avenue | $1,995,000 | 8/6 | 2-4pm

RYE NECK SCHOOLS (10580)

There are currently 16 Active Single Family Homes in the Rye Neck Schools 10580 area.  Current average price is $2,747,250. Average price per square foot is $530.51. Current average DOM is 121 days. Median price is $2,412,500.

0 New Single Family Listings in Rye Neck 10580

0 Price Reductions in Rye Neck 10580

1 Public Open House in Rye Neck (10580) This Weekend

HARRISON SCHOOLS (10577, 10580, 10528)

There are currently 155 Active Single Family Homes in the Harrison Schools area (10580, 10577, 10528). Current average price is $2,675,245. Average price per square foot is $429.38. Current Average DOM is 143 days. Median price is $2,495,000.

6 New Single Family Listing in Harrison:

  • 71 Oak Street (10528) – $649,000
  • 33 Temple Street (10580) – $685,000
  • 257 Condit Street (10528) – $949,000  New Construction
  • 9 Rigene Road (10528) – $1,599,000
  • 11 Kenilworth Lane (10580) – $2,250,000
  • 46 Biltmore Avenue (10580) – $3,485,000

3 Price Reductions in Harrison:

  • 76 Oakland Avenue (10528) – $649,000 to $619,000
  • 27 Brookside Lane (10528) – $1,075,000 to $999,999
  • 8 The Crossing (10577) – $1,150,000 to $1,050,000

6 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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Weekly Real Estate Update (7/21/17 – 7/27/17)

RYE CITY SCHOOLS (10580)

There are currently 92 Active Single Family Homes in the Rye City Schools area.  Current average price is $3,505,174. Average price per square foot is $738.63. Current average DOM is 106 days. Median price is $2,722,500.

3 New Single Family Listings in Rye:

  • 1 Ridgeland Manor – $893,000
  • 55 Sanford Street – $2,195,000  New Construction
  • 38 Lasalle Avenue  – $1,995,000

38 Lasalle Avenue | 3,253 sqft

2 Price Reductions in Rye:

  • 49 Coolidge Avenue – $2,350,000 to $2,295,000  New Construction
  • 54 Drake Avenue – $3,495,000 to $3,295,000

9 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

There are currently 17 Active Single Family Homes in the Rye Neck Schools 10580 area.  Current average price is $2,798,941. Average price per square foot is $530.88. Current average DOM is 118 days. Median price is $2,500,000.

0 New Single Family Listings in Rye Neck 10580

0 Price Reductions in Rye Neck 10580

1 Public Open House in Rye Neck (10580) This Weekend

HARRISON SCHOOLS (10577, 10580, 10528)

There are currently 154 Active Single Family Homes in the Harrison Schools area (10580, 10577, 10528). Current average price is $2,719,747. Average price per square foot is $433.07. Current Average DOM is 140 days. Median price is $2,495,000.

5 New Single Family Listing in Harrison:

  • 30 Bentay Drive (10528) – $689,000
  • 10 Pebble Beach Drive (10577) – $1,249,000
  • 603 Harrison Avenue (10528) – $1,595,000
  • 36 Seville Avenue (10580) – $3,200,000
  • 120 Polly Park Road (10580) – $6,999,990

4 Price Reductions in Harrison:

  • 9 Century Ridge Road (10577) – $1,372,000 to $1,295,000
  • 1 Indian Trail (10528) – $1,399,000 to $1,299,000
  • 31 Garden Road (10528) – $1,899,000 to $1,749,000
  • 7 Ophir Drive (10577) – $1,949,999 to $1,850,000

7 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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Excerpt from the Houlihan Lawrence 2nd Qtr 2017 Luxury Market Report Executive Summary…

“Luxury homes sales had a strong first half of the year. The number of luxury homes sales in Westchester County ($2M and higher) showed double digit gains in the second quarter and year-to-date. In Westchester County, homes sales from $3M to $4.9M increased nearly 50%. The median price was $3.7M and 12 of the 43 sales achieved the $4M price mark. Despite positive gains in closed sales, clouds may be forming over our luxury markets in the second half of the year. Pended sales, a forward-looking indicator, dipped in Westchester County at the
close of the first half. More ominous is the 50% decline in Westchester’s ultra-luxury ($5M and higher) pended sales, attributable to waning demand in Northern Westchester.”
– Anthony Cutugno, Senior Vice President, Director of Private Brokerage

If you are interested in reading the full report and receiving this quarterly analysis delivered right to your inbox please email jomeara@houlihanlawrence.com

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Weekly Real Estate Update (7/14/17 – 7/20/17)

RYE CITY SCHOOLS (10580)

There are currently 93 Active Single Family Homes in the Rye City Schools area.  Current average price is $3,518,065. Average price per square foot is $740.51. Current average DOM is 106 days. Median price is $2,750,000.

5 New Single Family Listings in Rye:

  • 1 Ridgeland Manor – $893,000
  • 9 Oakwood Avenue – $1,195,000
  • 59 North Street – $2,499,000
  • 7 Martin Road – $4,495,000
  • 135 Highland Road – $5,999,000  New Construction

1 Price Reduction in Rye:

  • 16 Vale Place – $1,350,000 to $1,325,000

17 Public Open Houses in Rye This Weekend.

RYE NECK SCHOOLS (10580)

There are currently 18 Active Single Family Homes in the Rye Neck Schools 10580 area.  Current average price is $2,740,611. Average price per square foot is $531.67. Current average DOM is 111 days. Median price is $2,412,500.

1 New Single Family Listing in Rye Neck 10580

  • 3 Bixby Court – $1,749,000

1 Price Reduction in Rye Neck 10580

  • 14 Shore Road – $3,500,000 to $3,395,000

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

HARRISON SCHOOLS (10577, 10580, 10528)

There are currently 153 Active Single Family Homes in the Harrison Schools area (10580, 10577, 10528). Current average price is $2,709,242. Average price per square foot is $428.02. Current Average DOM is 136 days. Median price is $2,495,000.

5 New Single Family Listing in Harrison:

  • 76 Oakland Avenue (10528) – $649,000
  • 8 The Crossing (10577) – $1,150,000
  • 15 Harrows Lane (10577) – $1,295,000
  • 3 Highland Road (10580) – $1,599,000
  • 16 Park Drive South (10580) – $3,799,000

8 Price Reductions in Harrison:

  • 96 Franklin Avenue (10528) – $679,000 to $649,000
  • 50 Brae Burn Drive (10577) – $999,000 to $949,000
  • 4300 Purchase Street (10577) – $1,275,000 to $1,175,000
  • 93 Taylor Lane (10528) – $1,329,000 to $1,275,000
  • 4 Oakmont Drive (10577) – $1,475,000 to $1,399,000
  • 9 Linden Drive (10577) – $1,995,000 to $1,959,000
  • 205 Polly Park Road (10580) – $1,995,000 to $1,950,000
  • 1 White Oak Circle (10577) – $2,880,000 to $2,750,000

4 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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