| Armonk NY Weekly Real Estate Report | 2/28/2014 | |
| Homes for sale | 63 | |
| Median Ask Price | $1,829,000.00 | |
| Low Price | $699,000.00 | |
| High Price | $24,900,000.00 | |
| Average Size | 5612 | |
| Average Price/foot | $457.00 | |
| Average DOM | 153 | |
| Average Ask Price | $2,864,881.00 | |
Friday, February 28, 2014
Armonk NY Real Estate Report | Armonk Homes
North Salem Homes | North Salem Real Estate Report
| North Salem NY Weekly Real Estate Report | 2/28/2014 | |
| Homes for sale | 43 | |
| Median Ask Price | $699,000.00 | |
| Low Price | $235,000.00 | |
| High Price | $18,500,000.00 | |
| Average Size | 3615 | |
| Average Price/foot | $424.00 | |
| Average DOM | 213 | |
| Average Ask Price | $1,832,119.00 | |
North Salem NY Real Estate Weekly Report | North Salem Homes
| North Salem NY Weekly Real Estate Report | 2/28/2014 | |
| Homes for sale | 43 | |
| Median Ask Price | $699,000.00 | |
| Low Price | $235,000.00 | |
| High Price | $18,500,000.00 | |
| Average Size | 3615 | |
| Average Price/foot | $424.00 | |
| Average DOM | 213 | |
| Average Ask Price | $1,832,119.00 | |
Thursday, February 27, 2014
Wednesday, February 26, 2014
Tuesday, February 25, 2014
Monday, February 24, 2014
South Salem Active Real Estate Report | South Salem Homes
| South Salem NY Weekly Real Estate Report | 2/24/2013 | |
| Homes for sale | 50 | |
| Median Ask Price | $732,500.00 | |
| Low Price | $199,900.00 | |
| High Price | $12,200,000.00 | |
| Average Size | 3086 | |
| Average Price/foot | $368.00 | |
| Average DOM | 223 | |
| Average Ask Price | $1,213,764.00 | |
Pound Ridge Real Estate Report
| Pound Ridge NY Weekly Real Estate Report | 2/24/2014 | |
| Homes for sale | 56 | |
| Median Ask Price | $1,225,000.00 | |
| Low Price | $285,000.00 | |
| High Price | $5,700,000.00 | |
| Average Size | 4242 | |
| Average Price/foot | $345.00 | |
| Average DOM | 141 | |
| Average Ask Price | $1,450,728.00 | |
Saturday, February 22, 2014
Friday, February 21, 2014
Harsh weather, tight supply sink U.S. home sales | North Salem NY Homes
Severe cold weather and a shortage of houses on the market pushed U.S. home
resales to an 18-month low in January, the latest indication economic activity
has hit a soft patch.
The National Association of Realtors said on Friday that home sales dropped 5.1 percent last month to an annual rate of 4.62 million units, the lowest level since July 2012.
The Realtors group said unseasonably cold weather was partly to blame, but it also acknowledged some fundamental weakness, with fewer homes on the market to choose from and higher mortgage rates and prices reducing affordability.
"Some housing activity will be delayed until spring," said Lawrence Yun, NAR chief economist. "At the same time, we cannot ignore the ongoing headwinds of tight credit, limited inventory, higher prices and higher mortgage interest rates."
The 30-year fixed mortgage rate is about a full percentage point higher than it was a year ago, even though rates have come down a bit since hitting a two-year high in September.
Sales tumbled in the Northeast, South and Midwest, which were hit by snow storms and ice last month. But they were down 7.3 percent in the West, an indication that other factors apart from the weather also weighed on sales.
Home resales, which peaked in July, have declined in five of the last six months, and in January were down 5.1 percent from a year-ago.
http://www.reuters.com/article/2014/02/21/us-usa-economy-housing-idUSBREA1K16J20140221
The National Association of Realtors said on Friday that home sales dropped 5.1 percent last month to an annual rate of 4.62 million units, the lowest level since July 2012.
The Realtors group said unseasonably cold weather was partly to blame, but it also acknowledged some fundamental weakness, with fewer homes on the market to choose from and higher mortgage rates and prices reducing affordability.
"Some housing activity will be delayed until spring," said Lawrence Yun, NAR chief economist. "At the same time, we cannot ignore the ongoing headwinds of tight credit, limited inventory, higher prices and higher mortgage interest rates."
The 30-year fixed mortgage rate is about a full percentage point higher than it was a year ago, even though rates have come down a bit since hitting a two-year high in September.
Sales tumbled in the Northeast, South and Midwest, which were hit by snow storms and ice last month. But they were down 7.3 percent in the West, an indication that other factors apart from the weather also weighed on sales.
Home resales, which peaked in July, have declined in five of the last six months, and in January were down 5.1 percent from a year-ago.
http://www.reuters.com/article/2014/02/21/us-usa-economy-housing-idUSBREA1K16J20140221
Thursday, February 20, 2014
Average 30-year US mortgage rate up to 4.33 pct | Mt Kisco NY Homes
Average U.S. rates on fixed mortgages rose this week but remained near historically low levels.
Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.33 percent from 4.28 percent last week. The average for the 15-year mortgage edged up to 3.35 percent from 3.33 percent.
Mortgage rates have risen about a full percentage point since hitting record lows roughly a year ago. The increase was driven by speculation that the Federal Reserve would reduce its $85 billion-a-month bond purchases. Deeming the economy to be gaining strength, the Fed proceeded last month with planned reductions of its bond purchases, which have helped keep long-term interest rates low.
The housing market is expected to deliver another year of solid gains, helped by an improving economy. Most economists expect home sales and prices to keep rising this year, but at a slower pace. They forecast that both will likely rise by about 5 percent, down from double-digit gains in 2013.
Government data released Wednesday showed that U.S. home construction fell in January for a second straight month, but the weakness in both months reflected severe winter weather in many parts of the country.
http://finance.yahoo.com/news/average-30-us-mortgage-rate-4-33-pct-150638910--finance.html
Monday, February 17, 2014
Saturday, February 15, 2014
Thursday, February 13, 2014
Wednesday, February 12, 2014
Tuesday, February 11, 2014
Napa Valley Chateau With Commanding Views Asks $17M | Chappaqua Real Estate
Location: Saint Helena, Calif.
Price: $16,996,000
The Skinny: When the listing for Chateau Galatea says the home was inspired by Loire Valley chateaux, it means it literally: among the famous chateaux this Napa Valley home cribs from are Chateau Azay-le-Rideau, Chateau Le Lude, and Chateau Amboise. Here, the designers didn't stop at importing the style of the Loire Valley—they also imported the floors, doors, and windows from France, all by way of reclaimed-material design house Boiseries et Decorations. And it all mostly works. What could have come off as yet another modern French-inspired misadventure is actually relatively—if you can really use the term for a $16.996M home—modest. It's plenty big at 8,000 square feet, but not out of scale, and the large windows and coffered ceilings give the place a light and open feel. The only real missteps (allowing the designers a pass on building a chateau in the first place, of course) are outdoors, where a strangely out-of-place Grecian pavilion looms over the valley, and a fountain inspired by Exekias' famous amphora comes off more like "Achilles and Ajax at Spearfishing" than the original game of dice. But then there are the home's incredible views of the Napa Valley (and the 46 acres of vineyard-ready land) and in the face of that, ill-conceived Greek touches can be forgiven.
http://curbed.com/archives/2014/02/10/napa-valley-chateau-with-commanding-views-asks-17m.php
Monday, February 10, 2014
Freezing Long Island Ranked Hottest Market in January | Armonk NY Homes
Sacramento? San Diego? Nope, the nation’s hottest market in a frigid January was the Nassau-Suffolk CBSA according to Pro Teck Valuation Services’ January Home Value Forecast (HVF) update and much warmer Jacksonville ranked at the bottom with more than 80 percent of home sales due to foreclosure sales.
“Long Island leads Home Value Forecast’s ranking as the hottest real estate market in the nation in our January Home Value Forecast,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “Many factors account for Long Island’s strong market, including foreclosures making up an inconsequential 2.18 percent of sales and available housing inventory at only 3.63 months. Looking at the extended forecast, we see Long Island reaching peak highs again within five years.”
This month’s Home Value Forecast update also includes a listing of the 10 best and 10 worst performing metros as ranked by its market condition ranking model. The rankings are run for the single family home markets in the top 200 CBSAs on a monthly basis. They highlight the best and worst metros with regard to a number of leading real estate market indicators, including: sales/listing activity and prices, months of remaining inventory (MRI), days on market (DOM), sold-to-list price ratio and foreclosure and REO activity.
http://www.realestateeconomywatch.com/2014/02/freezing-long-island-ranked-hottest-market-in-january/
Sunday, February 9, 2014
Saturday, February 8, 2014
Friday, February 7, 2014
Thursday, February 6, 2014
Landlords could be on hook for tenant costs | Katonah Real Estate
A bill that would require property owners to pay for tenant relocation costs when a building is shut down for safety violations has been resurrected after it had gone nowhere in the City Council during the Bloomberg administration. Councilwoman Margaret Chin, D-Manhattan, introduced the bill Tuesday, which seeks to make building owners pick up the tab when residents are barred from returning home because of a fire or illegal or dangerous conditions. Last year, the city's Department of Buildings, just one of several agencies with this power, issued 1,496 partial-vacate orders that shut down a portion of a building and 346 full-vacate orders, though in both cases, some of the orders may reflect multiple violations at the same property.
The previous iteration of Ms. Chin's bill languished for nearly three years in the council before it officially died at the end of the old administration. A number of the bill's original co-sponsors now hold prominent positions in the City Council. They include Council Speaker Melissa Mark-Viverito, D-Manhattan—who wields the ultimate power to make or break legislation—and Councilman Jumaane Williams, D-Brooklyn, who chairs the Committee on Housing and Buildings, which would serve as the vehicle for Ms. Chin's proposal. Neither office commented on the bill. In addition, Mayor Bill de Blasio has also made housing and tenants' rights a cornerstone of his fledging administration.
A major source of infractions in Chinatown and elsewhere is the presence of illegal apartments, according to Ms. Chin. Her district, which includes Chinatown, was the site of three major vacate orders last year in which multi-family buildings were emptied out by city edict.
http://www.crainsnewyork.com/article/20140206/REAL_ESTATE/140209922/landlords-could-be-on-hook-for-tenant-costs
The previous iteration of Ms. Chin's bill languished for nearly three years in the council before it officially died at the end of the old administration. A number of the bill's original co-sponsors now hold prominent positions in the City Council. They include Council Speaker Melissa Mark-Viverito, D-Manhattan—who wields the ultimate power to make or break legislation—and Councilman Jumaane Williams, D-Brooklyn, who chairs the Committee on Housing and Buildings, which would serve as the vehicle for Ms. Chin's proposal. Neither office commented on the bill. In addition, Mayor Bill de Blasio has also made housing and tenants' rights a cornerstone of his fledging administration.
A major source of infractions in Chinatown and elsewhere is the presence of illegal apartments, according to Ms. Chin. Her district, which includes Chinatown, was the site of three major vacate orders last year in which multi-family buildings were emptied out by city edict.
http://www.crainsnewyork.com/article/20140206/REAL_ESTATE/140209922/landlords-could-be-on-hook-for-tenant-costs
Wednesday, February 5, 2014
Tuesday, February 4, 2014
The 13 largest houses on the market in America | Cross River Real Estate
Sure, technically the country's truly largest house—the well-documented, high-drama 'Versailles' monster that smears across Windermere, Fla., at 90,000 square feet—has blipped onto the market a few times in the last few years, but the palace has been off the official listings since August 2012, likely because the owners are now trying to wrap construction before selling it off. (Interested parties, word is, can still pay $65M for the property as is.) With Versailles off the table, it seemed a fine idea to round up the nation's other largest estates on the market right now.
Of course, "largest house" is a somewhat nebulous term so, to clarify: this list only takes from single-family, actualized—though do keep an eye out for NYC's 62,000-square-foot The Residence at River House, TBD—listings in the United States found on Zillow. Now what counts as a "single-family?" Also nebulous. Let's put it this way: a huge manor with a couple of guest houses on the property? Sure, the total compound's interior square-footage is counted here. A property that's got a house plus four guest villas, three stocked lakes, two guest houses, and a 70,000-square-foot equestrian center? Yeah, that's not a house, that's a summer camp. Nice try, bub.
http://homes.yahoo.com/photos/the-13-largest-houses-on-the-market-in-america-1391547148-slideshow/
Of course, "largest house" is a somewhat nebulous term so, to clarify: this list only takes from single-family, actualized—though do keep an eye out for NYC's 62,000-square-foot The Residence at River House, TBD—listings in the United States found on Zillow. Now what counts as a "single-family?" Also nebulous. Let's put it this way: a huge manor with a couple of guest houses on the property? Sure, the total compound's interior square-footage is counted here. A property that's got a house plus four guest villas, three stocked lakes, two guest houses, and a 70,000-square-foot equestrian center? Yeah, that's not a house, that's a summer camp. Nice try, bub.
http://homes.yahoo.com/photos/the-13-largest-houses-on-the-market-in-america-1391547148-slideshow/
Monday, February 3, 2014
Case-Shiller: Prices Rose 11.2% in Q3, Best in 7 Years | Chappaqua NY Homes
The CoreLogic Case-Shiller Indexes estimate that home prices increased by 11.2 percent in the third quarter of 2013 compared to a year ago. Home prices nationwide were 17 percent above the trough reached in the fourth quarter of 2011, but remained 23 percent below the peak reached in the first quarter of 2006. The analysis projects that price appreciation is expected to slow to 4.2 percent nationally through the third quarter of 2014 across all U.S. markets, close to its long-term annual average of 4.5 percent recorded since 1975.
“Investor demand and sales of foreclosed properties are dropping quickly,” said Dr. David Stiff, principal economist for CoreLogic Case-Shiller™. “This is especially true in states that were caught up early in the bubble and have non-judicial foreclosure proceedings, such as California and Arizona. In these states, inventories of bank-owned properties are close to being cleared. Non-investor demand, although increasing, will not replace demand from investors.”
The large metro areas, defined as those with populations greater than 950,000, that experienced the most rapid appreciation rates on a year-over-year basis compared to third quarter 2012 were Las Vegas (+30 percent), Sacramento (+27 percent) and Riverside, Calif. (+26 percent). The large metro areas with the slowest appreciation rates were Philadelphia (+3 percent), Hartford, Conn (+3 percent) and New Orleans (+3 percent).
http://www.realestateeconomywatch.com/2014/01/case-shiller-prices-rose-11-2-in-q3-best-in-7-years/
Sunday, February 2, 2014
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