Daily Archives: February 3, 2011

Downtown Mount Kisco Shoppers Keep Shopping | Mt Kisco Real Estate

 

MOUNT KISCO — Looking out the window of the Smokers Harbor II cigar shop, it’s easy to spot two empty storefronts across the road on East Main Street.

But in one of the vacant spaces is a sign saying Crisabella’s Italian Restaurant will open in that location just southeast of Main Street’s intersection with South Moger Avenue.

The cigar shop co-owner, Brian Kaplan noted the other empty space, which once housed the Dance Connection, is to become a new Jos. A. Banks men’s clothing store.

But even amid the signs of new investment downtown, Kaplan said he’s seen the sluggish economy’s impact on his own shop, which opened in June.

“You’re in northern Westchester. There are still people with cash,” said Kaplan, who purchased the cigar business from the previous owner. “But I would think if you have an extra $50 in cash and you needed to pay your phone bill, you’re not going to spend it on cigars.”

Kaplan said he doesn’t expect great business now as the economy sputters along, but hoped to benefit as it turns a corner. He said the store is in a village that’s a northern Westchester commercial hub, adding that people heading to Mount Kisco’s Target on Route 117 might stop downtown to shop.

Thomas Lenhart, a customer relaxing with a cigar at Smokers Harbor recently, said Mount Kisco is a draw for him. Lenhart said Hawthorne, where he lives, doesn’t have much of a downtown.

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Manhattan townhouse sales jump by nearly a third – Crain’s New York Business

The number of sales of Manhattan townhouses jumped by nearly a third in 2010, while the average sales price climbed more than 9%—mostly due to an increase in the market share of single-family houses—according to Prudential Douglas Elliman and appraisal firm Miller Samuel Inc.

The number of sales of one- to five-family properties totaled 197 last year, up from 149 transactions in 2009, for an increase of 32.2%. Last year’s figure is still a far cry from the peak of the market in 2007, when there were 343 transactions. It’s also below the annual average over the past decade—246 transactions.

The average sales price in 2010 was $5.47 million, up from $5.01 million in 2009. Even the average price per square foot rose in 2010, hitting $1,203, up 8.3% from an average price of $1,111 in 2009. The sales price increase was due to a gain in market share of higher priced single-family townhouses over lower priced three- to five-family townhouses.

Single-family townhouses accounted for 51% of sales in 2010, up from 42% the previous year, while the market share of three- to five-family townhouses fell to 22% in 2010 from 30% the previous year. This is the highest market share for single-family townhouse sales in 11 years. In 1999, that share was 58%, but it has hovered around the mid- to high-30s in the last decade.

“There’s a tremendous premium for single-family properties,” said Jonathan Miller, chief executive of Miller Samuel. He attributed the increase in their share of the market to the relative strength of their rebound in 2010.

“Three- to five-family properties recovered in 2009,” he said. “But one-family properties took the baton last year.”

Prices rose in most of the Manhattan markets, except downtown. There the average sales price fell 18% last year to $5.27 million and the average price per square foot fell 10.2% to $1,335. Mr. Miller attributed the drop to fewer single-family townhouses in that part of the borough.

At 1.9%, the townhouse market remained a tiny share of the overall residential sales in 2010.

TheRobReportBlog | Armonk NY Weekly Real Estate Report

AemonkArmonk NY Real Estate Report   |    RobReportBlog

63   homes available

$14,995,000   high price

$469,000   low price

$1,350,000   median price

4921  average square feet

$418  average price per foot

209  average days on market

Armonk NY Homes

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South Salem NY Weekly Real Estate Report | RobReportBlog – Robert Paul’s blog

02/03/2011

South Salem NY Weekly Real Estate Report | RobReportBlog

South Salem NY Real Estate Report  |    RobReportBlog

1073 (800x600)

 

 

88   homes available

$2,500,000   high price

$235,000   low price

$697,000  median price

2929   average square feet

$288   average price per foot

154   average days on market

 

 

South Salem NY Homes

South Salem Luxury Homes

 

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