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Archive for the ‘Market Updates’ Category

Weekly Real Estate Update (1/11/19 – 1/17/19)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 75
  • SF Homes in Contract – 9
  • Average Listing Price – $2,985,147
  • Average LP Per SF – $688.17
  • Average DOM – 133 Days
  • Median Listing Price – $2,495,000
  • Sales YTD: 2019 – 7 | 2018 – 2

4 New Single Family Listings in Rye:

  • 450 Boston Post Road – $1,425,000
  • 50 Walker Avenue – $1,975,000 HL | New Construction
  • 140 Grace Church Street – $2,175,000
  • 70 Stuyvesant Avenue – $4,495,000 HL

0 Price Reductions in Rye

5 Public Open Houses in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 9
  • SF Homes in Contract – 1
  • Average Listing Price – $2,826,000
  • Average LP per SF – $511.07
  • Average DOM – 178 Days
  • Median Listing Price – $2,195,000
  • Sales YTD: 2019 – 0 | 2018 – 0

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)

  • Active Single Family Homes – 84
  • SF Homes in Contract – 26
  • Average Listing Price – $2,570,885
  • Average LP per SF – $422.78
  • Average DOM – 185 Days
  • Median Listing Price – $2,222,500
  • Sales YTD: 2019 – 3 | 2018 – 6

2 New Single Family Listings in Harrison:

  • 11 Pilgrim Road (10580) – $2,690,000
  • 1 Cedar Lane (10577) – $2,795,000 HL

5 Price Reductions in Harrison

  • 8 Dante Drive (10528) – $829,000 to $810,000
  • 6 Pinehurst Drive (10577) – $1,025,000 to $960,000
  • 248 Woodlands Road (10528) – $1,400,000 to $1,200,000
  • 205 Polly Park Road (10580) – $1,732,500 to $1,660,000
  • 6 Pleasant Ridge Road (10528) – $2,249,000 to $2,149,000

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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Please feel free to contact Joan O’Meara (jomeara@houlihanlawrence.com) if you have any questions about the real estate market in our area.

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Fourth Quarter 2018 Executive Summary – Luxury Market Report (Excerpt)
by Anthony Cutugno (Senior Vice President/Director of Private Brokerage):

While luxury markets north of NYC registered losses in 2018, the uber-luxury segment of the market demonstrated notable growth. Sales over $10M peaked in Westchester County in 2018. Houlihan Lawrence represented David Rockefeller’s country estate, Hudson Pines. Listed for $22M, Hudson Pines sold for a record-setting $33M and was the highest recorded sale in Westchester County. In total, five sales closed over $10M in 2018 (a monumental gain from a single sale in 2017) and exceeded the previous high set in 2005. These exceptional but finite sales did not make up for the overall decline in luxury sales. In Westchester, luxury sales ($2M and higher) declined by double digits in 2018. Fourth quarter declines were especially deep in many markets, dragging down year-end losses and placing even more pressure on pricing. Many indicators point to a softening market in 2019. Pended sales (expected to close within 60 to 90 days) are down across the board and could impact first quarter sales.

The once red-hot market in NYC cooled down in 2018, resulting in a smaller pool of buyers heading north. Houlihan Lawrence’s proprietary data indicates that 25% to 30% of luxury buyers originate from NYC and a significant chunk of losses experienced in 2018 are attributable to this shift. The financial markets entered negative territory after a rousing 10-year run. Savvy investors were likely prepared for the inevitable dip but the volatility that accompanied these declines left even the sturdiest investor uneasy. Interest rates are expected to rise again in 2019 and while that does not materially affect the purchasing power of the luxury buyer, it sends a signal about the overall strength of the economy and impacts consumer confidence. There are economic bright spots and opportunities for the savvy buyer to embrace as we enter 2019 – unemployment is at a record low and the equity markets created extraordinary wealth since 2008, despite 2018 losses. Tax changes can result in a net positive gain for some and the next three months will provide clarity to those who ultimately benefit. Sellers may have to accept their home could achieve a selling price far less than they imagine, and their motivation to sell and price competitively will drive the market in 2019.

To view full report CLICK HERE.

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Weekly Real Estate Update (1/4/19 – 1/10/19)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 71
  • SF Homes in Contract – 13
  • Average Listing Price – $3,011,493
  • Average LP Per SF – $690.56
  • Average DOM – 133 Days
  • Median Listing Price – $2,550,000
  • Sales YTD: 2019 – 3 | 2018 – 1

4 New Single Family Listings in Rye:

  • 42 Tyler Circle – $699,000
  • 136 Soundview Avenue – $1,299,000
  • 10 Florence Avenue – $2,295,000 New Construction
  • 7 Graham Court – $2,295,000

3 Price Reductions in Rye

  • 16 Ridgewood Drive – $2,390,000 to $2,200,000
  • 37 Halsted Place – $2,495,000 to $2,375,000
  • 17 Manursing Way – $4,249,500 to $3,795,000

20 Public Open House in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 10
  • SF Homes in Contract – 1
  • Average Listing Price – $2,793,400
  • Average LP per SF – $509.87
  • Average DOM – 174 Days
  • Median Listing Price – $2,222,500
  • Sales YTD: 2019 – 0 | 2018 – 0

1 New Single Family Listing in Rye Neck 10580

  • 58 Greenhaven Road – $1,769,000 HL

1 Price Reduction in Rye Neck 10580

  • 7 Johnson Place – $2,295,000 to $2,195,000

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

HARRISON SCHOOLS (10577, 10580, 10528)

  • Active Single Family Homes – 88
  • SF Homes in Contract – 26
  • Average Listing Price – $2,512,771
  • Average LP per SF – $422.92
  • Average DOM – 186 Days
  • Median Listing Price – $2,195,000
  • Sales YTD: 2019 – 1 | 2018 – 4

5 New Single Family Listings in Harrison:

  • 2 Argyle Road (10528) – $800,000
  • 133 Wendover Road (10580) – $1,749,000
  • 48 Biltmore Avenue (10580) – $1,995,000 HL
  • 11 Windor Court (10577) – $2,995,000
  • 6 Stoneleigh Manor Lane (10577) – $3,995,000

3 Price Reductions in Harrison

  • 30 Harrows Lane (10577) – $1,295,000 to $1,225,000
  • 3 Timber Trail (10580) – $1,995,000 to $1,795,000
  • 45 Rigene Road (10528) – $3,595,000 to $3,295,000

9 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 (12/28/18 – 1/3/19)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 69
  • SF Homes in Contract – 15
  • Average Listing Price – $3,082,500
  • Average LP Per SF – $701.33
  • Average DOM – 136 Days
  • Median Listing Price – $2,595,000
  • Sales YTD: 2019 – 1 | 2018 – 1

5 New Single Family Listings in Rye:

  • 28 Meadow Place – $789,999
  • 454 Milton Road – $929,000
  • 57 Osborn Road – $2,095,000 HL
  • 2 Hook Road – $2,995,000 HL
78 Hewlett Avenue | $1,695,000 | O’Meara Team

2 Price Reductions in Rye

  • 9 Thorne Place – $1,249,000 to $1,199,000
  • 52 Central Avenue – $1,895,000 to $1,695,000

15 Public Open House in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 8
  • SF Homes in Contract – 1
  • Average Listing Price – $2,996,250
  • Average LP per SF – $532.88
  • Average DOM – 202 Days
  • Median Listing Price – $2,375,000
  • Sales YTD: 2019 – 0 | 2018 – 0

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)

  • Active Single Family Homes – 87
  • SF Homes in Contract – 23
  • Average Listing Price – $2,485,791
  • Average LP per SF – $419.87
  • Average DOM – 184 Days
  • Median Listing Price – $1,999,000
  • Sales YTD: 2019 – 0 | 2018 – 1

2 New Single Family Listings in Harrison:

  • 1 Meadow Wood Lane – (10580) – $1,249,000
  • 5 Century Trail (10528) – $2,495,000 HL/New Construction

2 Price Reductions in Harrison

  • 15 Glendale Road (10528) – $1,075,000 to $995,000
  • 3 Parkside Court (10577) – $1,695,000 to $1,675,000

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 (12/7/18 – 12/13/18)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 70
  • SF Homes in Contract – 24
  • Average Listing Price – $3,147,489
  • Average LP Per SF – $698.94
  • Average DOM – 121 Days
  • Median Listing Price – $2,597,000
  • Sales YTD: 2018 – 140 | 2017 – 163

1 New Single Family Listings in Rye:

  • 2 Westbank Road – $3,195,000 New Construction
  • 272 Locust Avenue – $6,495,000

0 Price Reductions in Rye

3 Public Open House in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 11
  • SF Homes in Contract – 2
  • Average Listing Price – $2,744,091
  • Average LP per SF – $511.86
  • Average DOM – 166 Days
  • Median Listing Price – $2,250,000
  • Sales YTD: 2018 – 22 | 2017 – 18

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)

  • Active Single Family Homes – 103
  • SF Homes in Contract – 20
  • Average Listing Price – $2,555,432
  • Average LP per SF – $422.82
  • Average DOM – 195 Days
  • Median Listing Price – $2,195,000
  • Sales YTD: 2018 – 135 | 2017 – 120

3 New Single Family Listings in Harrison:

  • 89 Grove Street (10528) – $900,000
  • 819 West Street (10528) – $1,125,000
  • 621 West Street (10528) – $1,549,000

3 Price Reductions in Harrison

  • 248 Woodlands Road (10528) – $1,600,000 to $1,400,000
  • 205 Polly Park Road (10580) – $1,700,000 to $1,632,000
  • 32 Polly Park Road (10580) – $1,950,000 to $1,650,000

8 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 (11/30/18 – 12/6/18)

RYE CITY SCHOOLS (10580)

  • Active Single Family Homes – 73
  • SF Homes in Contract – 22
  • Average Listing Price – $3,010,524
  • Average LP Per SF – $690.05
  • Average DOM – 122 Days
  • Median Listing Price – $2,495,000
  • Sales YTD: 2018 – 140 | 2017 – 160

5 New Single Family Listings in Rye:

  • 3 Red Oak Drive – $1,249,000 HL
  • 4 Gypsy Place – $1,499,000
  • 95 Sonn Drive – $2,495,000 New Construction
  • 99 Sonn Drive – $2,779,000 New Construction
  • 272 Locust Avenue – $6,495,000

4 Price Reductions in Rye

  • 125 Wappanocca Avenue – $900,000 to $899,000
  • 9 Thorne Place – $1,299,000 to $1,249,000
  • 4 Oakwood Avenue – $1,650,000 to $1,625,000
  • 57 Osborn Road – $2,300,000 to $2,095,000

10 Public Open House in Rye This Weekend

RYE NECK SCHOOLS (10580)

  • Active Single Family Homes – 13
  • SF Homes in Contract – 2
  • Average Listing Price – $2,551,923
  • Average LP per SF – $509.35
  • Average DOM – 156 Days
  • Median Listing Price – $2,195,000
  • Sales YTD: 2018 – 22| 2017 – 18

0 New Single Family Listings in Rye Neck 10580

0 Price Reductions in Rye Neck 10580

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

HARRISON SCHOOLS (10577, 10580, 10528)

  • Active Single Family Homes – 102
  • SF Homes in Contract – 24
  • Average Listing Price – $2,582,965
  • Average LP per SF – $427.66
  • Average DOM – 192 Days
  • Median Listing Price – $2,222,000
  • Sales YTD: 2018 – 131 | 2017 – 119

5 New Single Family Listings in Harrison:

  • 25 Ellsworth Avenue (10528) – $789,000
  • 32 Old Lyme Road (10577) – $999,000
  • 1 Gray Rock Drive (10528) – $1,545,000 New Construction
  • 3700 Purchase Street (10577) -$4,499,999
  • 73 Bellevue Avenue (10580) – $7,995,000 HL

0 Price Reductions in Harrison

8 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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