Market

Market

Here’s What $800,000 Buys in Somers NY

This was the house that came back; I interviewed with the prior owner who sold it to my clients but we didn’t get the listing. This time we did! It just closed on July 31st for $800,000. Somers is known for its bucolic setting and this property didn’t disappoint, as the nearly 1.5 acre lot […]
Buying, Market, Selling

Here’s What $480,000 Buys in Wappingers Falls, NY

If you feel priced out of Westchester, fear not. Dutchess County, sometimes humorously referred to as “Nextchester,” often has what you need if you are open to living a little farther north. A great example is this renovated raised ranch on a 1.2 acre lot on a cul-de-sac street that we closed on today at […]
Market

Here’s What $410,000 Buys in Patterson, NY

The quality of life in Patterson is mighty nice, and I’m sure our clients will agree after closing on this awesome townhouse for $410,000 last week. This 1700+ square foot home was technically listed as a one bedroom, 2.5 bath but it lives like a 3 bedroom with a 2nd quarters on the second level […]
Market

Here’s What $580,000 Will Buy You in Mahopac

$580,000 will go far even in this market, as this 4 bedroom, 3 bath raised ranch demonstrates. Set on a pretty 1.1 acre lot, this 1991 build has a two car garage, a rear deck overlooking the yard, and a wonderful primary suite. The remarks on the MLS said the following: Contemporary flair in this […]

Market Here’s What $800,000 Buys in Somers NY This was the house that came back; I interviewed with the prior owner who sold it to my clients but we didn’t get the listing. This time we did! It just closed on July 31st for $800,000. Somers is known for its bucolic setting and this property didn’t disappoint, as the nearly 1.5 acre lot […]

Buying Here’s What $480,000 Buys in Wappingers Falls, NY If you feel priced out of Westchester, fear not. Dutchess County, sometimes humorously referred to as “Nextchester,” often has what you need if you are open to living a little farther north. A great example is this renovated raised ranch on a 1.2 acre lot on a cul-de-sac street that we closed on today at […]

Market Here’s What $410,000 Buys in Patterson, NY The quality of life in Patterson is mighty nice, and I’m sure our clients will agree after closing on this awesome townhouse for $410,000 last week. This 1700+ square foot home was technically listed as a one bedroom, 2.5 bath but it lives like a 3 bedroom with a 2nd quarters on the second level […]

Market Here’s What $580,000 Will Buy You in Mahopac $580,000 will go far even in this market, as this 4 bedroom, 3 bath raised ranch demonstrates. Set on a pretty 1.1 acre lot, this 1991 build has a two car garage, a rear deck overlooking the yard, and a wonderful primary suite. The remarks on the MLS said the following: Contemporary flair in this […]

Market What Does $330,000 Buy in Patterson, NY? You can still buy a nice 3 bedroom home in Putnam County for under $350,000 like the one our buyer client closed on last week. It is a fully renovated 1100 square foot 3 bedroom, 2 bath bungalow on a level lot with parking for at least 4 cars. The siding, roof, HVAC, walls, kitchen, […]

Market Here’s What $439,000 Buys in Highland, NY I LOVE THIS HOUSE! The dollar goes just a bit further in Ulster County than it does in Westchester, and this decked out cape that my clients closed on this week are ecstatic about their purchase. The prior owner did a marvelous renovation, and in addition to the wood burning fireplace and nearly an acre […]

Market What $705,000 Will Buy You in Ossining If your budget is in the $700,000 range and you’re looking in Ossining, you’ll be pleased to know that you can still buy a 4 bedroom home on over an acre like the one we just closed on this week in town. 5 Ridgeview drive has 4 bedrooms, 3 baths, and a 1.6 acre lot. […]

Commentary How Can We Solve the Real Estate Inventory Shortage? My last two posts have addressed the fact that despite the higher interest rates, it remains a seller’s market because of low inventory of listings. I wrote about why inventory is so low yesterday, and today I’m going to pretend I’m the HUD secretary and Housing Emperor (a position I made up but I’d love […]

Market Why is Inventory so Low? Yesterday I wrote about the low inventory and the challenges buyers face with supply not measuring up to demand. I did not address the reason why buyers have so little to choose from, and that’s what I’ll attempt to tackle. There is no single factor for such a dramatic shortage. It is more of a […]

Commentary How Slow is the Market in December and the Holidays? The cyclical nature of the market is a long discussed topic. It’s no secret that the traditional “busy season” is the spring, with the key word “traditionally.” In typical market cycles, the summer remains active, transactions tail off in the autumn, and things get quiet around the holidays and winter time. But we aren’t in […]

Market What Can You Buy in Irvington for $799,000? Prices are up these days, but $799,000 was all a buyer paid on our recent closing on 21 Beechwood in the Village of Irvington. The home was a fixer upper, and that is indicative of local values for the condition. “Bring your contractor! Classic mid century center hall colonial on a cul de sac with […]

Commentary What can you buy in Mahopac for $305,000? Prices are up, but lower cost homes are still possible if you don’t need lots of bedrooms, like the home we just closed at 27 Jackson Road, just a few hundred yards from Kirk Lake. “Great opportunity to own a unique charmer with Lake Rights seasonal views of Kirk Lake in a secluded, wooded setting. […]

Market What $449,000 Buys in Peekskill $449,000 will buy you a condominium with Hudson Views like the one I just closed on. The MLS description for the property are as follows: “Amazing Hudson River views, just yards from the metro north train station, and minutes from all that downtown Peekskill and the wonderful waterfront offer! Modern kitchen with roomy granite countertops. […]

Commentary Just Because the Market is “Hot” Doesn’t Mean Real Estate Agents Have it Easy I don’t think I’ve seen the following thought written anywhere lately, but I’ll say it: The average real estate agent has never worked harder than they have in this market. That seems contrary to the public perception that rising prices and a “hot” market is when agents have it easy, but extreme conditions aren’t conducive […]

Market No, Rising Mortgage Rates Will Not Crash Property Values I’m relatively old. I remember Nixon resigning office, Tang commercials, news stories on the war in Vietnam, and lots of other things from when Kitchens were green and gold. I remember when mortgage interest rates topped 20% in the early 1980s, and my father telling my mother how rates didn’t matter, payment amounts did. He […]

Market How Low is the Housing Inventory? Pretty Bloody Low, That’s How Low While making a training video on market reports for the agents this past week, I clicked on an old market report I wrote in November 2011 for Ossining. Among other things, I noted that there were 119 single family homes available for sale in the school district at that time. In working on current data, […]

Market What Does $751,000 Buy In Briarcliff Manor? I recently closed on this listing for over $50,000 over asking price. This is an example of how values have grown in the area. The description of the home in the MLS is as follows: “This is the village of Briarcliff Manor lifestyle you’ve sought in a 5 bedroom split that lives like a colonial. […]

Market What $568,000 Buys in Briarcliff Manor We were actually gratified to list and sell this property after selling it to the owners a few years prior. They did benefit from appreciation, selling for $568,000 after purchasing it for $395,000 7 years before. As described in the MLS: This is a adorable 3 bedroom, 2 bath ranch home on nearly half an […]

Market What $575,000 Buys in Briarcliff Manor $575,000 buys an awfully nice home these days, like the 3 bedroom, 2 bath split we recently closed for a seller client on Leawood Drive. As the MLS described: This is a TRUE GEM in a four cul-de-sac neighborhood of about 70 houses! Besides being completely renovated and move-in ready, what sets this house apart […]

Market What Does $513,000 Buy in Yorktown? I’m so glad you asked! If your budget is in the low 500’s, you might like a home like the one we just closed on Avis Court, a 3 bedroom 2 bath split on nearly 3/4 of an acre on a cul de sac. The final sale price was $513,500. Best of luck to my […]