Tag Archives: North Salem North Sale Real Estate

August New Construction Numbers | North Salem #RealEstate

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for August 2014:
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 998,000. This is 5.6 percent (±1.4%) below the revised July rate of 1,057,000, but is 5.3 percent (±1.7%) above the August 2013 estimate of 948,000.

Single-family authorizations in August were at a rate of 626,000; this is 0.8 percent (±1.5%)* below the revised July figure of 631,000.
Authorizations of units in buildings with five units or more were at a rate of 343,000 in August.
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 956,000. This is 14.4 percent (±7.9%) below the revised July estimate of 1,117,000, but is 8.0 percent (±11.2%)* above the August 2013 rate of 885,000.

Single-family housing starts in August were at a rate of 643,

000; this is 2.4 percent (±9.7%)* below the revised July figure of 659,000.
The August rate for units in buildings with five units or more was 304,000.
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 892,000. This is 3.2 percent (±13.0%)* above the revised July estimate of 864,000 and is 16.9 percent (±14.7%) above the August 2013 rate of 763,000.

Single-family housing completions in August were at a rate of 591,000; this is 8.2 percent (±9.7%)* below the revised July rate of 644,000. The August rate for units in buildings with five units or more was 292,000.

New Residential Construction data for September 2014 will be released on Friday, October 17, 2014, at 8:30 A.M. EDT.

Our Internet site is: http://www.census.gov/starts
The U.S. Census Bureau updated its application programming interface (API) with monthly and quarterly economic indicators. The API allows developers to combine Census Bureau statistics with other data sets to create tools for research on a variety of other topics.

For more information, go to http://www.census.gov/developers/ .

Sarah Jessica Parker, Matthew Broderick Re-List $22M House | #NorthSalem Real Estate

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Celebrity super-couple and serial real estate shoppers Sarah Jessica Parker and Matthew Broderick are on the house hunt once again—the actors just re-listed their Greenwich Village townhouse at 20 East 10th Street for $22 million. The couple put the house on the market two years ago (during this same week) for $25 million, before briefly taking it off the market this April. Supposedly, the couple has never actually lived in the house, but they renovated it anyway (Vogue interviewed SJP in a different property earlier this year, one Curbed commenter says that the interview likely took place at their house on Charles Street). The 25-foot wide, 6,800-square-foot home has seven fireplaces, a landscaped garden, five bedrooms, and a full-floor master suite with a terrace, two walk-in closets, and a hand-carved stone tub. The couple bought the place in 2011 for just under $19M.


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How these amateur home flippers found their niche in real estate | North Salem Real Estate


As the number of available foreclosure properties dwindle and home values improve, house flipping in the U.S. is on the decline.

Recent data from RealtyTrac shows only 31,000 single-family homes were flipped in the second quarter of 2014, making up just 4.6% of all home sales — down from 5.9% in the first quarter and 6.2% in the last quarter of 2013 (house flipping is defined as buying and then selling a home within 12 months).

Lower-end house flipping has seen the steepest decline. While sales of homes flipped for $750,000 or more increased by 21% this year, homes sold for less than $100,000 dropped by 5%, according to RealtyTrac.

Low-end house flippers played a crucial part of the housing recovery, says Ardell DellaLoggia, a Seattle real estate agent. In areas wracked with foreclosures , flippers swooped in to rehab homes that otherwise might have been left in disrepair. But with the inventory of distressed homes on the decline, there’s less opportunity for “mom and pop” flippers  to invest.  There’s also no guarantee they’ll net a solid return on their investment. Home flippers averaged a gross return of 21% this year, which is nothing to sniff at, but represents a 10% drop from one year ago, according to RealtyTrac. 

“If you have enough flippers, you will not have those neighborhoods filled with [vacant homes],” DellaLoggia says. “For a [first-time home buyer] who would be thrilled to death to be able to afford a house that’s liveable, flippers are wonderful.”  

For now at least, it will continue to be a high-end flipper’s market. But we tracked down some home flippers who are still sticking it out on the lower end of the market. They aren’t making massive profits and they don’t have tons of cash to throw around, but they’re still managing to make home flipping a worthwhile investment.


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Teatown Lake Reservation News | North Salem Real Estate


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July 16, 2014
Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.

Wake Up and Hike!
Saturday, July 19
9 – 11 am

Start your day with a hike through Hidden Valley before the heat of the day settles in, and see what is up and about. This is an adult program.

Exploration on Bailey Brook
Sunday, July 20
10 – 11:30 am

What’s living in the brook? Be prepared to get a little wet and muddy as we search for insects, crayfish, turtles and fish in the cool water. All Welcome

Visit Teatown

1600 Spring Valley Road
Ossining, NY 10562
Teatown Lake Reservation’s
mission is to inspire our community to lifelong environmental stewardship.
Nature Center hours:
9 am – 5 pm daily
Trails are open 365 days a year from dawn to dusk.
Click here for Teatown membership benefits, details,
and to purchase or renew
your membership online .

Your donation can make

an immediate impact and help

support our environmental education programs and the stewardship of our 1,000 acre preserve.

Upcoming Events and Workshops:
What a Hummer!
Saturday, July 26
2 – 3:30 pm

Hummingbirds are winged jewels of the bird world. Learn more about these birds and make a hummingbird feeder to attract them to your yard. All Welcome. $5 per feeder

In the Nature Center Gallery:

Nature Center Gallery Richard Pileggi

Quiet Landscapes


By Richard Pileggi

On exhibit

July 5 – August 30

Click here for more info

Announcing the publication of:

Teatown’s Wildflower Island

by Lisa Fleck Dondiego

A privately printed, 80-page photo book with an Index identifying the flowers.

Foreword by Leah Waybright Kennell, Curator of Wildflower Island.

This wonderful book is available for

purchase in Teatown’s nature store for $45 plus tax.

Teatown in the News:
Invasive Species Awareness Week at Teatown
Photo by Anthony

New York State celebrated its first Invasive Species Awareness Week from July 6 through 12.
At Teatown we watched and learned about our local invasive species as our staff removed Oriental bittersweet from Wildflower Woods, black swallow-wort from Cliffdale’s fields, and water chestnut from Teatown Lake.
Click here to learn how you can help stop the spread of invasive species.

Drab to Fab: Unearthing Your Home’s Hidden Diamonds | North Salem Real Estate



Every home has “that room” – the one space that’s desperately dated, in disrepair, or otherwise in need of serious help. Of course, that room usually is the one space that everyone can see (we’re looking at you orange kitchen, carpeted bathroom, and boring backyard). So, how do you transform the embarrassing into the astonishing? We’ll show you how to find your diamond in the rough.

Fixin’ the KitchenFixin' the Kitchen

Not surprisingly, 33% of HomeAdvisor users reported that the kitchen was the room that could benefit the most from a refresh. And while many of us dream of gutting our kitchens, it’s possible to get a kitchen you can be proud by making a few key updates to your cabinets and countertops.

You probably don’t need to take a look at your cabinets to tell us whether you hate them or not. If you’re like many homeowners, you’re not too fond of them. Perhaps they’re broken and worn out. Or maybe they’re just plain ugly. Whatever the case, updating them will have a huge impact on your kitchen’s look. The question is: do you need to replace them, reface them, or simply paint them? In many cases, the answer depends on your budget. To help you decide, we recommend taking a look at our Cost Guide to see how much others in your area are paying for similar projects.

Let’s talk about your counters. If you aren’t happy with your kitchen there’s a good chance your countertops are partially to blame. While the reasons for your disdain are probably many, there are a couple of things you can do to rid yourself of your ugly counters. Your first option is to replace them. While this is the spendiest option, it’s the option that will have the biggest impact on the look and value of the room. Your other option (if you have laminate counters) is to resurface them. Far less expensive than replacing your countertops, resurfacing your counters is a labor-intensive, yet affordable option that can change the look of your kitchen without breaking the bank. To learn what option is best for you, we recommend talking to a counter pro.

Bathroom BreakthroughBathroom Breakthrough

Don’t like your bathroom? You’re not alone. You could open the checkbook and remodel your bathroom. Or you could make a few strategic updates that are guaranteed to have an impact.

When it comes to a bathroom update, one of the biggest areas of opportunity is to replace your shower or bathtub. Like most fixtures, bathtubs and showers start to show their age after a number of years. Sometimes the fix is as easy as having the tub refinished. This is a great option if you have a period tub that will be costly to replace. If refinishing is out, spending the money on a high-quality replacement will get you a tub or shower that will improve the look of the room and the value of your home.

If replacing your tub isn’t in the cards, replacing your cabinet hardware and light fixtures are affordable updates that can have freshen up your dated bathroom. While both jobs are doable DIY-projects, replacing your light fixtures can be tricky, especially if you’re not comfortable working with electricity. If you’d rather contract the job out to a pro, we can help you find a pro you can trust. (NOTE: When working with electricity, always make sure to turn the power off at your service panel.)

Luxe LandscapingLuxe Landscaping

When it comes to remodeling, the yard is often one of the last spaces to be addressed. Though this makes perfect sense from a budget standpoint, it makes less sense when you consider how visible your yard is and how much curb appeal can affect your home’s value. So, what can you do to transform landscaping your loathe in a yard you can be proud of? Here are a few options.

Perhaps the project that will have the most immediate impact is clearing out or trimming overgrown shrubs, bushes, and trees. While it can be very labor intensive, cleaning up your landscaping is a project that can be tackled in as little as a few hours or as long as a weekend. Or you can clear your calendar and hire a landscaping pro to do the job for you. Think you look good after a haircut? Just imagine how your yard will look.

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Teatown Lake Reservation News | North Salem Real Estate


Movie Night
on the lawn behindTeatown’s Nature Center
“A Birder’s Guide to Everything”
rated PG-13
The movie, partially filmed at Teatown, uses birding as the starting point for a tender and gentle coming-of-age story.
Weather for Friday is looking good!
Bring the kids and join us
Friday, June 6th *
7:15 pmBring your own seating and picnic dinner
8:15 pmMovie begins
*Raindate : Saturday June 7th
same time as above
Rain on raindate – movie is cancelled
Not a member and would like to attend the movie?
For more information
call Jean at
914-762-2912 x 124
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Teatown Lake Reservation
1600 Spring Valley Road
Ossining, NY 105

Break the Mold With a Brutalist ‘Tree House’ on the Chesapeake | North Salem Real Estate


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Up for $1.29M on Maryland’s Gibson Island is this atypical Chesapeake cottage, a 2,826-square-foot fortress designed by blocky brutalism extraordinaire, Ulrich Franzen. Known as the Glass Tree House, the 1962 three-bedroom was built for an executive at Bethlehem Steel, which may explain the liberal use of steel beams and trim. Curbed DC points out the house perches at the highest point of the island (“and as such, the trees”), and the brokerbabble is quick to tout the home’s “manicured sloping gardens [that] provide dramatic views from within.” Have a look inside, below.





Grand Park Avenue co-op sells for $16M | North Salem Real Estate


Images of the 655 Park Avenue duplex

Images of the 655 Park Avenue duplex

From Luxury Listings NYC: A duplex co-op at 655 Park Avenue — commissioned by a Rockefeller in 1924 — has sold for $16 million, according to city records. This marks the first time that the spread has traded hands in more than two decades.




Should You Rent or Sell Your Home? | North Salem Real Estate


Ryan Severino liked the location of his family’s home in Scotch Plains, N.J., but he also thought they needed more space. So in the summer of 2011, they decided to buy a bigger house. Mortgage interest rates were down, and so were home prices. “We were outgrowing our house,” Severino says. “We didn’t want to wait for prices to go back up.”

But one thing he didn’t realize was exactly how long it would take to sell the first house or to rent it, if that turned out to be the better option. “It comes down to more than pure economics,” says Severino, senior economist and associate director of research at Reis, Inc., a real estate research firm.

Finally, in the spring of 2012, eight or nine months later, Severino found a buyer for the first house. In the interim, Severino weighed the pros and cons of renting versus selling, and he reflected on the decision he ultimately made. “It was tough to sell it in that market,” Severino says. “We had the house on the market for sale while we were getting inquiries for renting it.” But Severino knew he didn’t want to be a landlord, and “didn’t want the money tied up in the house.”

Determining whether a property is a good investment takes research and analysis, and it’s wise to take your time in making the decision because it’s a major one, real estate experts say.




Gundlach: Housing Market Softer Than People Think | North Salem Real Estate


For Jeffrey Gundlach, the U.S. housing recovery isn’t so rosy.

The founder of $49 billion investment firm DoubleLine Capital LP is largely avoiding the subprime-mortgage bonds that jumped about 17 percent last year after home prices surged by the most since 2006, deterred by the lengthy process to sell foreclosed houses and the destruction that’s creating.

“These properties are rotting away,” Gundlach, 54, said last week on a conference call with investors, about homes stuck in foreclosure pipelines, adding that it could take six years to resolve defaulted loans made to the least creditworthy borrowers before the real-estate crash.

DoubleLine is giving up potentially higher yields that last year attracted money managers including Western Asset Management Co. along with hedge funds as 21 percent of foreclosed homes across the U.S. are in limbo, vacated by former owners and not yet seized by lenders, according to data company RealtyTrac.