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Tag Archives: Armonk Luxury Homes
How Rainwater Collection Works | Armonk NY Homes
In Britain, Housing Prices Rise the Fastest Since 2006 | Armonk Homes
Manhattan apartment sales hit a high | Armonk NY Homes
Sales of Manhattan apartments have hit a fourth-quarter record, with wealthy international buyers competing with New Yorkers to get a foot in the door as prices soar.
The number of purchases rose 27 percent compared with the same period the year before to 3,297, according to new data released on Friday. Although down from 3,837 in the third quarter, this was the highest fourth-quarter tally since records began 25 years ago, according to appraiser Miller Samuel and brokerage Douglas Elliman Real Estate.
(Read more: New York is running out of luxury apartments)
Limited supply has led to buyers often making immediate all-cash offers, participating in bidding wars and making decisions based on floor plans alone, in an echo of the previous property boom. The number of days a property was on the market in the fourth quarter almost halved from the previous year to 95 days.
“Demand from foreign buyers has never been stronger. Those from the Middle East, Russia, South America, China have been on an incredible buying spree and it is these sales that are driving prices,” said Pamela Liebman, chief executive of property broker The Corcoran Group.
The median price of a luxury apartment – usually above $3 million – jumped 10 percent from a year ago to $4.9 million.
(Read more: New York apartment prices hit four-year high)
An abrupt increase in mortgage rates over the summer tipped more buyers into the Manhattan market at a time when inventories were already tight, a trend that continued to the end of 2013.
“This wasn’t a sleepy year end,” said Jonathan Miller, president of New York-based Miller Samuel. “There was a lot of good economic news last year and people from New Yorkers to international investors were keen to secure the best buying conditions from mortgage rates to prices. It was a record third quarter and now a record fourth.”
http://www.cnbc.com/id/101307173
What’s ahead for 2014 housing market | Armonk Homes
Armonk Could See Some New Year’s Eve Snow Squalls | Armonk NY Homes
As Westchester County residents get set to usher in the new year, they should also prepare for snow showers.
The National Weather Service has issued a Hazardous Weather Outlook Statement for Westchester as well as Southeast New York, Southern Connecticut and Northeast New Jersey.
Scattered snow showers are expected this afternoon into the early evening hours, with a few snow squalls producing brief whiteout conditions accompanied by heavy snow and strong winds. Snow squalls could arrive as early as 2 p.m., but are more likely later in the afternoon through about 8 p.m. Flash freeze conditions are possible as a result of the snow squalls.
Today’s high temperature is expected to be 32 degrees with temperatures falling into the 20s for the final hours of 2013.
More significant snowfall is expected later this week from late Wednesday night into Friday morning with several inches possible. There is still uncertainty in terms of possible precipitation amounts.
New Year’s Day will be mostly cloudy with a high around 30. There is a slight chance of snow after 4 p.m. on Wednesday, and a more likely chance starting in the early hours of Thursday morning, with the likelihood increasing to 70 percent during the day on Thursday. Snow is expected to end Friday morning with Friday’s high temperature only between 14 and 16 degrees.
http://armonk.dailyvoice.com/news/westchester-could-see-some-new-years-eve-snow-squalls
Heavy Rain Expected For Sunday In Armonk | The Armonk Realtor
New Year Hikes at Teatown Lake Reservation, Halle Ravine Preserve | Armonk NY Homes
Real Estate market projects 5% growth in 2014 in WA | Amonk Homes
Home building surges | Armonk NY Homes
Builders rushed to start homes in November, with that key measure of the housing recovery enjoying a huge one-month jump.
Housing starts grew at an annual pace of 1.09 million, up nearly 30% from a year ago. The issuance of building permits was also strong, up 7%.
Still the pace of housing starts was less than half of the peak levels during the housing boom in the middle of last decade, and was even 25% below the monthly average over the course of the last 50 years.
“Because of this, the impressive acceleration in residential investment which has occurred in 2013 should extend through 2014,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank, in a note Wednesday.
A survey by the National Association of Home Builders released Tuesday showed builders reporting the best sales conditions for single family homes in eight years.