Daily Archives: January 26, 2011

Selling Your Bedford NY Home in Winter | Bedford NY Real Estate

Winter presents its own unique set of challenges. It is not the ideal time to put your home on the market if you live where it gets cold and rains or snows, primarily because your home won’t show as well. However, there are steps you can take to brighten your home and make the showing pleasant and enjoyable for your buyers.

1) Clear a Path

  • •Continually shovel a path through the snow, especially if it’s still falling.
  • •Footprints on freshly fallen snow will turn to ice if the temperature is low enough, so scrape the walk.
  • •Sprinkle a layer of sand over the sidewalk and steps to ensure your buyers’ stable footing.
  • •Remember to open a path from the street to the sidewalk so visitors aren’t forced to crawl over snowdrifts.
  • •If it’s raining, put a rubber mat by the front door or a container to hold wet umbrellas.

2) Let in the Light

  • •Pull up the blinds, open the shutters, push back the drapes on every window.
  • •Turn on every light in the house, including appliance lights and closet lights.
  • •Brighten dark rooms with few windows by placing spotlights on the floor behind furniture.
  • •Turn off TV.

3) Turn on the Heat

  • •Pump up that thermostat. It’s better to heat the house a degree or two warmer than usual and then set the temperature at normal. This prevents the heat from kicking on when the buyer is present, because some HVAC systems are loud.
  • •You want the temperature inside to be comfortable and to give the buyer more of a reason to linger, especially on a cold day.
  • •Light the fireplace, but open the damper, place a grate in front of it and don’t leave it unattended for very long. You don’t want your house to catch fire!

4) Create a Mood

  • •Make your living room appear romantic by placing two champagne glasses near a champagne bucket on the coffee table.
  • •Toss afghans or throws across the arms of your sofa.
  • •Turn your bathroom into a spa:
    1.Hang plush robes.
    2.Roll up wash cloths, tie with a ribbon and place in a basket on the counter.
    3.Set up a grouping of soaps, lotions and shampoo.
    •Place vases filled with winter flowers around the house.
  • •Set a breakfast tray on the bed containing a coffee cup, saucer, napkin, rolled-up newspaper.
  • •Dress your dining room table for a dinner for two.

5) Turn on the Music

  • •Turn on soft music. I used to play Enya until one day I heard it piped in at a mortuary.
  • •Jazz or classical is soothing.
  • •Don’t turn on a commercial radio station – fill the CD changer so your music will be continuous.

6) Ease Up on the Scents

  • •Many people are allergic to certain scents and deodorizers, so don’t spray the air or plug-in air fresheners.
  • •Don’t burn candles or spray perfume in the bedroom for the same reason.
  • •If you’re going to bake cookies or simmer spices such as cinnamon in water on the stove, put out munchies so buyers aren’t disappointed. More than one sad buyer has said, “Oh, darn, I thought there were cookies in here!”

7) Make it Visually Pleasing

  • •Display photographs showcasing your summer flower gardens and lush green lawns.
  • •Keep blinds partially closed that otherwise show undesirable outdoor scenery such as a dilapidated fence or a nearby structure that obstructs views.
    •Make Your House Sparkle:
    1.Wash windows
    2.Clean out cobwebs.
    3.If necessary, re-caulk tubs, showers and sinks.
    4.Polish chrome faucets and mirrors.
    5.Clean out the refrigerator.
    6.Vacuum daily. If your carpeting is plush, vacuum in one direction.
    7.Wash and wax floors.
    8.Dust furniture, ceiling fan blades and light fixtures.
    9.Bleach dingy grout.
    10.Empty trash and recycling bins.

8) Serve Winter Foods

  • •Don’t serve muffins or any other kind of food that can be popped into the mouth because you want buyers to stay for a while and notice elements they might otherwise miss.
  • •Hot soups such as tortilla, potato or squash are delicious on a cold day.
  • •Chili or stew is a great alternative to soup, but leave a receptacle for disposal of the paper bowls and spoons.
  • •Hot apple cider or cups of cocoa make great beverage choices.

9) Provide Specific Information

  • •Attach printed cards to items and in rooms that provide further information the buyer might miss or might not know. You have so little time to make an impression.
  • •If you have an antique chandelier in your dining room, put a card on it that discloses its age and other important details.
  • •If you have removed the washer and dryer from the laundry room, attach a card to the wall describing the room.
  • •If your basement stairs are steep, attach a card to the railing that cautions buyers to watch their step.
  • •Take care when placing a card that says: “Not included in the sale.” That will make a buyer want it, but you can play that later to your advantage.

10) Use Timers and Technology to Your Advantage

  • •Plug indoor lamps into a timer to automatically turn on at times buyers will be present.
  • •Consider using motion sensors that will light up in the evening when a buyer approaches your doorstep.
  • •Set your crock-pot on a timer to warm up soup at designated time.
  • •If you use an answering machine, turn it off or mute messages.

Bedford NY Homes

Bedford Luxury Homes

Chappaqua NY Real Estate Slammed Hard in the 4th Qtr 2010 | Real Estate Down 39% | RobReportBlog

Chappaqua NY Real Estate Hit with double dip  |  Real Estate down 39% in 2010 4th Quarter  |   RobReportBlog

Chappaqua NY real estate was hit hard in the 4th quarter 2010.  Sales were down 39%.  In the 2010 4th quarter there were 17 sales. In 2009 there were 28 sales.

The median price of a sold Chappaqua NY home dropped 6% in the 4th quarter 2010.  The 2010 median price was $807,000 and $858,750 in 2009.

 

Chappaqua NY 4th Qtr. 2010 Sales Stats

17   homes sold

$1,800,000   high price

$288,000   low price

$807,000  median price

2862   average square feet

$314  average price per foot

173  average days on market

94.46%  average sold to ask

 

Chappaqua NY 4th Qtr. 2009 Sales Stats

28   homes sold

$2,625,000   high price

$570,000  low price

$858,750   median price

3322  average square feet

$306   average price per foot

169  average days on market

94.18%  average sold to ask

 

Chappaqua NY Homes

Chappaqua Luxury Homes

Katonah NY Real Estate Up 21% in 4th Qtr. 2010 | RobReportBlog – Robert Paul’s blog

01/26/2011

Katonah NY Real Estate Up 21% in 4th Qtr. 2010 | RobReportBlog

Katonah NY Real Estate Report  |  Market Up 21% in 4th Qtr.  |  RobReportBlog

 

Katonah NY real estate saw a 21% increase in sales in the 4th quarter of 2010 compared to 2009.  There were 23 sales in 2010 and 19 sales in 2009.

The median price of a Katonah NY home dropped 5.6%.  In 2010 the median price dropped to $585,000 in the 2010 4th quarter.  In 2009 the median sold price in Katonah NY was $620,000.

Martha

 

Katonah NY Real Estate 2010 4th Qtr. Stats

23   homes sold

$5,500,000   high price

$280,000   low price

$585,000   median price

2572  average square feet

$385  average price per foot

181  average days on market

94.48%  average sold to ask

 

Katonah NY Real Estate 2009 4th Qtr. Stats

19  homes sold

$3,037,500   high price

$417,500   low price

$620,000   median price

2784  average square feet

$286  average price per foot

148   average days on market

93.83%  average sold to ask

 

Katonah NY Homes

Katonah Luxury Homes

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South Salem NY Real Estate Rises 14% in 4th Qtr. | RobReportBlog

Bedford NY Residential Real Estate  –  RobReportBlog – South Salem NY Up 14%

 

South Salem NY real estate rose 14% in the 2010 4th quarter.  Sold South Salem homes rose to 16 from 14 in 2009.

The South Salem NY median price stayed flat in the 4th quarter 2010 compared to 2009.  The South Salem NY real estate median price is now $510,000.  In 2009 the 4th quarter median price was $511,500.

RobReportBlog -  South Salem Real Estate Report

RobReportBlog - South Salem Real Estate Report

 

Sales of New Homes in U.S. Likely Rose for Second Month –

Sales of New Homes in U.S. Probably Climbed for Second Month

Housing starts fell in December to a 529,000 annual rate, the lowest level since October 2009, Commerce Department figures showed last week. Photographer: Tim Boyle/Bloomberg

Jan. 25 (Bloomberg) — Nicolas Retsinas, director emeritus of the Joint Center for Housing Studies at Harvard University, talks about the outlook for the U.S. housing market and mortgage foreclosures. U.S. home prices have reached a bottom and may be set to rise in the first half as buyers take advantage of increased affordability, said Karl Case, the economist who co-founded the S&P/Case-Shiller home price index. Retsinas talks with Pimm Fox on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

Jan. 5 (Bloomberg) — Martin Connor, chief financial officer at Toll Brothers Inc., talks about the outlook for the U.S. housing market. Connor also discusses markets in Las Vegas, Florida and California. He talks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

Sales of New Huses in U.S. Probably Climbed in December

A cement mason works on the foundation of a new home under construction in Cary, North Carolina. Photographer: Jim R. Bounds/Bloomberg

Purchases of new houses in the U.S. probably rose in December for a second month as the industry struggled to stabilize near record lows, economists said before a report today.

Sales, tabulated when contracts are signed, climbed 3.5 percent to 300,000 annual pace, according to the median estimate in a Bloomberg News survey of 79 economists. The 274,000 rate in August was the weakest in data going back to 1963.

Builders may keep facing competition from a growing glut of foreclosed homes that is depressing prices. The lack of a sustained housing rebound and unemployment above 9 percent are among reasons Federal Reserve policy makers today are expected to press on with a second round of stimulus that will pump $600 billion into financial markets by June.

“It’s very hard for new-home sales to compete when buyers are getting good bargains on distressed houses,” said Michelle Meyer, senior U.S. economist with Bank of America Merrill Lynch Global Research in New York. “Housing is going to stand out as the weak spot in the economy for a while. The Fed remains concerned about it.”

The Commerce Department report is due at 10 a.m. in Washington. Economists’ forecasts ranged from 270,000 to 315,000, after a 290,000 rate in November.

Previously owned home purchases jumped more than forecast in December as buyers tried to lock in low mortgage rates before the economic recovery pushed borrowing costs up even more, figures from the National Association of Realtors showed last week. Existing house purchases are calculated when a contract closes.

Leading Indicator

New-home sales are considered a more timely barometer than purchases of previously owned homes, which account for about 90 percent of the housing market.

Housing demand see-sawed last year, reflecting a boost from a homebuyer tax incentive of as much as $8,000 that gave way to a plunge in sales by mid-2010 after the credit ended.

With sales yet to show sustained strength, builders have cut back on the new-home supply. Housing starts fell in December to a 529,000 annual rate, the lowest level since October 2009, Commerce Department figures showed last week.

An unemployment rate that is forecast to average more than 9 percent again this year signals some homeowners will keep having trouble meeting mortgage payments, leading to an increase in distressed properties. The number of homes getting a foreclosure filing will rise about 20 percent this year, reaching a peak for the housing crisis, said RealtyTrac Inc., an Irvine, California-based data seller.

Prices Fall

Prices remain under pressure, hurting homeowner equity while at the same time improving affordability. The S&P/Case- Shiller index of home values in 20 cities fell 1.6 percent in November from the prior year, the biggest 12-month decrease since December 2009, a report from the group showed yesterday.

The S&P Supercomposite Homebuilder Index, which includes Toll Brothers Inc. and Lennar Corp., rose 2.3 percent in 2010, compared with a 13 percent gain in the S&P 500 Index.

Horsham, Pennsylvania-based Toll, the largest U.S. luxury- home builder, is among companies concerned about foreclosures in markets like Las Vegas and Phoenix, even as it is “optimistic” about the upcoming spring selling season, according to Martin Connor, chief financial officer.

“I don’t think it’s quite turned the corner yet,” Connor said in a Bloomberg Television interview on Jan. 5, referring to the housing industry. Still, general positive economic news including an increase in retail sales “bodes well for the housing market,” he said.

While signs such as improving consumer confidence indicate the world’s largest economy is gaining speed, Fed Chairman Ben S. Bernanke and his fellow policy makers will likely complete the second round of quantitative easing to keep borrowing costs low and spur growth. Their statement is due at around 2:15 p.m. Washington time.

Bloomberg Survey  =========================================== New Home New Home Sales    Sales ,000’s     MOM% =========================================== Date of Release              01/26    01/26 Observation Period            Dec.     Dec. ------------------------------------------- Median                         300     3.5% Average                        297     2.5% High Forecast                  315     8.6% Low Forecast                   270    -6.9% Number of Participants          79       79 Previous                       290     5.5% ------------------------------------------- 4CAST Ltd.                     295     1.7% Action Economics               300     3.5% Aletti Gestielle               300     3.5% Ameriprise Financial           300     3.5% Banesto                        298     2.8% Bank of Tokyo- Mitsubishi      300     3.5% Bantleon Bank AG               310     6.9% Barclays Capital               295     1.7% BBVA                           310     6.9% BMO Capital Markets            305     5.2% BNP Paribas                    300     3.5% BofA Merrill Lynch Research    295     1.7% Briefing.com                   280    -3.5% Capital Economics              310     6.9% CIBC World Markets             290     0.0% Citi                           300     3.5% ClearView Economics            300     3.5% Commerzbank AG                 300     3.5% Credit Agricole CIB            300     3.5% Credit Suisse                  300     3.5% Daiwa Securities America       300     3.5% Danske Bank                    285    -1.7% DekaBank                       300     3.5% Desjardins Group               290     0.0% Deutsche Bank Securities       285    -1.7% DZ Bank                        310     6.9% Fact & Opinion Economics       270    -6.9% First Trust Advisors           292     0.7% FTN Financial                  300     3.5% Goldman, Sachs & Co.           290     0.0% Helaba                         310     6.9% High Frequency Economics       290     0.0% Horizon Investments            290     0.0% HSBC Markets                   305     5.2% Hugh Johnson Advisors          290     0.0% IDEAglobal                     300     3.5% IHS Global Insight             298     2.8% Informa Global Markets         305     5.2% ING Financial Markets          310     6.9% Insight Economics              305     5.2% Intesa-SanPaulo                300     3.5% J.P. Morgan Chase              290     0.0% Janney Montgomery Scott        295     1.7% Jefferies & Co.                275    -5.2% Landesbank Berlin              300     3.5% Landesbank BW                  305     5.2% Manulife Asset Management      305     5.2% Maria Fiorini Ramirez          295     1.7% MET Capital Advisors           285    -1.7% MF Global                      280    -3.5% Mizuho Securities              287    -1.0% Moody’s Analytics              306     5.5% Morgan Keegan & Co.            287    -1.0% Morgan Stanley & Co.           300     3.5% National Bank Financial        305     5.2% Natixis                        300     3.5% Nomura Securities Intl.        300     3.5% OSK Group/DMG                  305     5.2% Pierian Capital                315     8.6% Pierpont Securities LLC        275    -5.2% PineBridge Investments         287    -1.0% PNC Bank                       310     6.9% Raymond James                  300     3.5% RBC Capital Markets            305     5.2% RBS Securities Inc.            300     3.5% Scotia Capital                 280    -3.5% Societe Generale               276    -4.8% Standard Chartered             300     3.5% State Street Global Markets    296     2.1% Stone & McCarthy Research      300     3.5% TD Securities                  310     6.9% Thomson Reuters/IFR            295     1.7% UBS                            310     6.9% UniCredit Research             300     3.5% University of Maryland         300     3.5% Wells Fargo & Co.              304     4.8% WestLB AG                      300     3.5% Westpac Banking Co.            281    -3.0% Wrightson ICAP                 310     6.9% ===========================================

To contact the reporters on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net