Tag Archives: Bedford Hills NY

Bedford Hills NY

Abandoned NY Island Has Lighthouse, B&B + Ghostly Rumors | Bedford Hills Real Estate


Execution%20Rocks.jpg [Photo via Scouting NY.]

Nick Carr, film location scout extraordinaire, was exploring islands in New York’s waterways when he spotted a lighthouse and its adjacent brick house (for the keeper) perched atop a rocky outcropping. Upon further digging, he learned that the lighthouse on Execution Rocks, located in the Long Island Sound between New Rochelle and the North Shore, was built in 1849 and had a quirky history (and roster of keepers) until it was automated in 1979. After a federal call for help in 2007, a Philadelphia couple stepped up and formed a nonprofit to maintain and restore the petite island’s structures. On the long road to raising $1.2 million, they’re banking on New Yorkers’ sense of adventure and penchant for history, creating three no-frills double rooms and charging guests $150 per person per night to stay there





Pending home sales decline again, is weather to blame? | Bedford Hills Real Estate


Harsh winter conditions have largely taken the blame for the recent stagnation in the housing market nationwide, but experts say the genesis of downturn goes all the way back to the warm months of 2013.

The National Association of Realtors released February’s pending home sales numbers this week, revealing an eighth consecutive month of decline in the market.

The South and Northeast saw the biggest decreases, offsetting gains in the West and Midwest.

The pending home sales index dipped 0.8 percent to 93.9, down from 94.7 in January and down 10.5 percent from February 2013.

While harsh weather may not have been the originator of the downturn, it may have stalled the stabilization that seems to be taking hold along with the warmer weather.

“Contract signings for the past three months have been little changed, implying the market appears to be stabilizing,” said NAR chief economist Lawrence Yun. “Moreover, buyer traffic information from our monthly Realtor survey shows a modest turnaround, and some weather delayed transactions should close this spring.”




Consumer Confidence and Home Price Data Nod to Stronger Growth | Bedford Hills Real Estate


American consumer confidence surged to a six-year high in March and house prices rose solidly in January, positioning the economy for stronger growth after a soft spot attributed to bad winter weather.

The upbeat outlook, however, was dimmed somewhat by other data on Tuesday showing new-home sales at a five-month low in February, partly because of the cold weather.

“The economy is showing signs of shaking off the weather effect. We are going to get a big lift to second-quarter growth from the weather,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pa.

The Conference Board said its index of consumer attitudes rose to 82.3, from 78.3 in February. That is the highest level since January 2008, just as recession started to take hold, and it beat economists’ expectations for a reading of 78.6.

The jump in confidence bodes well for the economy, even though consumers were less upbeat about the labor market.

An unusually cold and snowy winter has held back the economy, disrupting activity that includes hiring, spending and manufacturing. Growth in the first quarter is expected to have slowed considerably from the fourth quarter’s annualized 2.4 percent pace.


Design Lessons From Tiny Homes | Bedford Hills Real Estate


There are small spaces, and then there are microspaces. The architects and designers who show at the MicroDwell exhibition specialize in the latter. Architect Lynne Reynolds’ Lean2 home is just 189 square feet. It’s inspired by 19th-century landscape follies and built with recycled aluminum billboard sections and translucent panels. Meanwhile, architectural designers Hunter Floyd and Damon Wake built their 200-square-foot Cinder Box home using glass and charred wood siding, finding a way to include a sofa, a desk alcove, bookshelves and a sleeping loft.
These tiny structures are joining a dozen others at MicroDwell 2014, the second annual small-space building and design exhibition held at the Shemer Art Center.  The projects, all well under the 600-square-foot maximum requirement, were designed and built by architects, builders, artists, hobbyists, students (high school as well as college) and others as tangible experiments to learn how to do more with less, as well as be creative with materials. This year’s theme was live-work, so many of the projects have office, commercial space or studio themes.
I checked out the event, which runs through March 23, 2014, and realized there’s a lot everyone can learn from living small.

Play with materials. Small spaces mean smaller material needs, allowing budgetary leeway to try something new, like the Japanese shou-sugi-ban-style charred wood siding used here on the exterior of Hunter Floyd and Damon Wake’s Cinder Box.
Use slim, low-slung furniture. Inside the Cinder Box, the tight space feels spacious with a sleek sofa, an almost-there coffee table and a slimmed-down chair.

The State of the Real Estate Market | Bedford Hills NY Real Estate


According to Movoto Real Estate‘s State of the Market report, the market followed seasonal trends on a month-over-month basis, as the number of available homes on the market and the median list price per square foot index dipped when compared to November. At the same time, our data shows that year-over-year changes in the median list price per square foot and inventory level indexes are similar to previous years’ numbers.

How This Report Is Made

In building Movoto Real Estate’s monthly State of the Real Estate Market report, we look at 38 geographically diverse cities in order to determine total inventory levels and median price per square foot index. In addition, we further break down this data on a month-over-month and year-over-year basis. The data used comes from each city’s Multiple Listing Service.

Median List Price Per Square Foot Index


During the 12-month period between December 2012 and December 2013, there were 33 cities in which the median list price per square foot increased. Of the cities that had increases, 17 witnessed double-digit gains.

In total, across the cities we track, the median list price per square foot index increased from $159 in December 2012 to $176 in December 2013, a gain of 10.4 percent.

The cities that saw the largest gains by percentage were:

  • Boston: The value for a home in Boston increased by about 27 percent in the past year, going from $361 in December 2012 to $458 in December 2013.
  • Sacramento: The median list price per square foot for a home inSacramento increased by about 21 percent in the past 12 months. The price rose from $123 in December 2012 to $149 in December 2013.
  • Phoenix: Phoenix home prices increased by about 20 percent in the past year. The median list price per square foot increased from $101 to $121 from December 2012 to December 2013.



Classic Scarsdale Colonial With a Recent Redo Asks $16.5M | Bedford Hills NY Homes


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Location: Scarsdale, N.Y. Price: $16,500,000 The Skinny: Colonial Revival architecture may have long ago been demoted to being the go-to style for designers of Midwestern housing developments and exurban strip malls, but this elegant Scarsdale manse harks back to an era when Doric columns and sheltering porticoes were, briefly, the height of fashion. Built in 1914 and owned by one family since 1953, the home recently benefited from a much-needed redo during the Designer Showhouse of Westchester charity event, which thoroughly de-frumped the place (see these before and after shots for all the gory details) and showed that yes, a Colonial home can be adapted to modern tastes. Décor aside, the mansion ticks all the proper Neo-Classical boxes: Palladian-style windows, a porte-cochère at the main entrance, and a grand dining hall are all present and accounted for, not to mention a conservatory and 10-foot-high ceilings. Besides the 12-bedroom, 11-bathroom main house, the 3.75-acre estate also includes a pool and an unusual combination five-car garage/two-bedroom guest cottage/greenhouse, for which the owners are asking $16.5M.




The “Vanishing” First-Time Home Buyer; What It Means for the Housing Market | Bedford Hills Real Estate


Ah, the U.S. housing market, the so-called silver lining in the U.S. recovery—but not for long, as it may be rusting. The U.S. housing numbers are in, and they aren’t spectacular.

In the U.S. housing market, December existing-home sales rose one percent month-over-month at an annualized pace of 4.87 million units. Analysts were expecting December existing-home numbers to come in at 4.93 million. The one-percent increase also has to be taken with a grain of salt, as it was helped, in part, by a downward revision in November existing-home U.S. housing market sales to 4.82 million units. (Source: “December Existing-Home Sales Rise, 2013 Strongest in Seven Years,” National Association of Realtors web site, January 23, 2014.)

The December existing-home U.S. housing market sales of 4.87 million are also 0.6% below the 4.9-million-unit level recorded in December 2012. And sales of existing homes were down 27.9% at an annualized rate for the entire fourth quarter.

First-time home buyers—the fuel of the U.S. housing market—accounted for just 27% of all purchases in December, down from 28% in November and October and 30% in December 2012. That’s a huge drop over the 30-year average of 40% and a number real estate professionals and economists consider ideal. It is also the lowest level since the National Association of Realtors began tracking this metric in 2008.

First-time home buyers, who tend to purchase lower-priced homes, are being pushed out of the U.S. housing market recovery by all-cash sales. All-cash sales accounted for a whopping 42.1% of all U.S. residential sales in December, up from 38.1% in November and 18.0% in December 2012. (Source: “Short Sales and Foreclosure Sales Combined Accounted for 16 percent of U.S. Residential Sales in 2013,” RealtyTrac web site, January 22, 2014.)