Tag Archives: Bedford Hills NY Real Estate for Sale

Bedford Hills NY Real Estate for Sale

Existing Home Sales Fall For 3rd Straight Month In November | Bedford Hills NY Homes

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Sales of previously owned homes fell for the third straight month in November, as prices continued to rise year-over-year, the National Association of Realtors reported Thursday.

The annual pace of existing home sales (which include single-family homes, townhomes, condominiums and co-ops) fell 4.3% to a seasonally adjusted annual rate of 4.90 million in November, down from 5.12 million in October. For the first time in 29 months, the pace is slower (by 1.2%) than the rate one year earlier.

“Home sales are hurt by higher mortgage interest rates, constrained inventory and continuing tight credit,” said Lawrence Yun, NAR chief economist. “There is a pent-up demand for both rental and owner-occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction. As such, rents are rising at the fastest pace in five years, while annual home prices are rising at the highest rate in eight years.”

Case in point: the national median sale price for previously-owned homes was $196,300 in November, up 9.4% year-over-year. However, that figure is lower than October’s median sales price, and ends an 11-month run of double-digit increases in sales prices year-over-year.

Distressed homes continued to account for 14% of sales (9% foreclosures and 5% short sales), as they did in both October and September. One year ago, in November 2012, distressed sales accounted for 22% of the total existing home sales. The decreased number of these properties on the market is contributing to the rise in median sale price.

 

 

 

http://www.forbes.com/sites/erincarlyle/2013/12/19/existing-home-sales-fall-for-3rd-straight-month-in-november/

House marketed as ‘Frankenstein’ fixer-upper sells in 2 days, over list | Bedford Hills NY Real Estate

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Abandoned for three years, stripped of its kitchen and bathroom fixtures, and missing part of its roof, the two-bedroom fixer-upper was in such rough shape that its listing agent did not hesitate to market the property as “Frankenstein.

”Which made the home all the more attractive to plasterer and carpenter Chris Leczynski, who bought the Melbourne, Australia, property sight unseen two days after it hit the market, paying $11,000 over the asking price of $500,000. Source: news.com.au

 

– See more at: http://www.inman.com/wire/house-marketed-as-frankenstein-fixer-upper-sells-in-two-days-over-list/?utm_source=20131216&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.R3mr5AHp.dpuf

JD Power survey highlights challenges of serving first-time buyers and sellers | Bedford Hills Realtor

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Brokerages affiliated with franchisors Prudential Real Estate, Re/Max and Century 21 scored higher than average in overall customer satisfaction among first-time buyers in a J.D. Power study measuring customer satisfaction among first-time and repeat homebuyers and sellers among the nation’s largest real estate companies.

In general, overall satisfaction with real estate companies was higher among consumers who had bought or sold a home before, compared to first-time buyers and sellers. On a 1,000-point scale, the average score among repeat homebuyers was 817, and 803 among repeat home sellers, compared with the industry average of 797.

Companies affiliated with Prudential Real Estate ranked highest with first-time homebuyers in overall customer satisfaction (811), followed by Re/Max (798) and Century 21 (797). Companies affiliated with Coldwell Banker (792) and Keller Williams (787) scored below average. Among first-time sellers, Prudential Real Estate (809), Keller Williams (802), Re/Max (800) and Century 21 (799) were tops, with Coldwell Banker (780) scoring below average.

“Real estate companies remain challenged in adapting their customer service approach to best meet the needs of first-time homebuyers and sellers,” said Christina Cooley, director in the diversified services industries practice at J.D. Power, in a statement.

“They need to educate these customers by explaining the current state of the market, discuss foreclosure and short-sale transactions, and walk them through every step of the closing process.”

 

 

– See more at: http://www.inman.com/2013/12/10/jd-power-survey-highlights-challenges-of-serving-first-time-buyers-and-sellers/?utm_source=20131211&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.at475iP0.dpuf

The Russians are coming! | Bedford Hills Real Estate

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When Bill de Blasio takes office in January, Russian billionaires with New York City pied-à-terres could find themselves on the receiving end of a tax hike, if the mayor-elect embraces proposals released Wednesday by the Independent Budget Office.

The IBO ideas take aim at wealthy non-residents who maintain pricey apartments within the five boroughs.

The IBO said Wednesday that the city could generate savings by ending a much-used property tax break on co-ops and condos that are not being used as primary residences. The IBO also suggested a transfer tax for properties valued at $5 million or more. The two proposals could save $44 million annually.

Mayor Michael Bloomberg has made it abundantly clear that he is loath to place wealthy homeowners in that position, regardless of their passport.

“Wouldn’t it be great if we could get all the Russian billionaires to move here?” he asked rhetorically earlier this year. He argues that wealthy foreigners spend into the city economy but don’t use city services, offsetting tax revenue lost through their exemption from the tax rolls.

The IBO, in its latest “Budget Options for New York City” on Wednesday, argues that the 421-a program is tailor-made to attract a maximum amount of billionaires from Russia or anywhere else, and should therefore be scrapped entirely.

The 421-a program was created to promote housing development citywide by offering temporary tax exemptions on newly built apartments. But purchases in new co-op and condo construction–especially in Manhattan–are being increasingly made by non-city residents, and the IBO projects that the number could rise to nearly half of all purchases in the coming years.

 

 

 

http://www.crainsnewyork.com/article/20131204/BLOGS04/131209960

Bedford Hills NY Real Estate Weekly Report | #RobReportBlog

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Bedford   Hills NY Weekly Real Estate Report11/22/2013
Homes for sale32
Median Ask Price$847,000.00
Low Price$289,000.00
High Price$10,995,000.00
Average Size4028
Average Price/foot$419.00
Average DOM151
Average Ask Price$1,733,887.00

Bedford Hills sales up 50% | Median Price down 20% | #RobReportBlog

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Bedford   Hills NY Real Estate ReportRobReportBlog
20136 months ending 11/202012
15Sales10up 50%
$545,000.00median sold price$683,750.00down 20%
$170,000.00low sold price$323,199.00
$2,800,000.00high sold price$3,995,000.00
2129average size3194
$320.00ave. price per foot$310.00
158ave days on market185
$696,000.00average sold price$1,192,970.00
93.99%ave sold to ask94.59%

6 Ways to Maximize Your Google+ Engagement | Bedford Hills Realtor

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Is Google+ working for your business?

Are you wondering how to increase engagement with your Google+ community?

Google+ is designed to focus on one thing and one thing only: engagement.

So, how can you pump up your Google+ engagement?

In this post, you’ll discover six ways to use Google+ posts to stimulate activity.

#1: Make Your Text Stand Out

You’ll first want to help your content stand out by differentiating the formatting. Instead of publishing a boring block of text, add a little formatting variety to your next Google+ post.

Unlike Facebook, it’s generally acceptable to have longer posts on Google+. If you publish a long post, remember that dense text can be a turnoff for readers. Use appropriate line spacing and paragraph breaks to make it easy for readers to scan your content.

Use bold, italic and strike-through text to highlight important headings or passages and your post will stand out in the stream.

Here are some handy tips for text formatting in Google+.

Google+ lets you format text in your posts.

#2: Choose Pictures That Pop

Don’t underestimate the importance of images. Stimulating graphics directly impact the click through rates on your posts.

When you post an image, choose one that has vibrant pictures with bright, eye-catching color contrasts as seen in this Etsy image.

Example of a visually engaging image on an Etsy Google+ post.

Instead of using the thumbnail images that auto-generate when you drop a link into your status update, upload a standard-size image to grab your readers’ attention.

National Geographic used this tactic to command more attention in the news feed.

Example of a full-size image on a National Geographic Google+ post.

And if you have great photography, use HUGE high-resolution images, which are much larger than standard-size images. Upload the original image resolution of your photo (e.g., 4288 x 2848), but remember that uploads count against your Google Drive storage quota.

Take advantage of this feature and your post will dominate the news feed like Mercedes-Benz does.

 

 

 

 

http://www.socialmediaexaminer.com/maximum-engagement-on-google-plus/

New plays on bay windows are boldly branching out in modern architecture | Bedford Hills NY Homes

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When modern and contemporary architecture “abandon” traditional architectural elements in favor of new forms, one of the elements left behind is the bay window. Yet if we think of these elements as reinterpretations of traditions in architecture rather than abandonments (columns, for example, are turned into skinny pilotis without details like capitals), then the idea of the bay window is alive and well, if less used than it should be.
Here you’ll find six examples that show the benefits of modern answers to bay windows — increased area, light and seating capacity — and the various means of expressing the idea in modern houses and in modern renovations of old houses.

This addition to a ranch house looks like the end of a square tube that runs from front to back, with large windows on each side. The front picture window is partially frosted to maintain privacy.
Here we are looking toward the front window from the kitchen before it was furnished. Only one thin strip of glass is clear; the adjacent pieces are translucent. Adding cushions to the bay would make it a great window seat; one could peek outside through the vertical strip or just enjoy the light coming in through the painting-like panes of color.
Like the front window, the back window projects from the house, cantilevered a foot or two above the ground. But unlike on the the front, all the glass here is clear, and the area inside is an extension of the floor, giving more space for seating near the kitchen.
This house on New York’s Long Island has a fair amount of ins and outs on its exterior. I’m drawn to the tall portion facing right.
A view from the side reveals a tall bay window adjacent to a section of curtain wall set back from the stone facade. A stair can be seen below the large bay window.
It turns out the bay window is actually an extension of the stair landing. The Eames Lounge Chair in the previous photo indicates that this space is ideal for sitting, relaxing and enjoying the view.
On a more modest scale is this two-unit condo in San Francisco, with modern bay windows above the garage.
What looks fairly subtle on the outside is impressive on the inside, owing to the relative size of the window (almost the full width of the bedroom) and the way the architect articulated the window seat. The only thing I would change for myself would be the height of the sconces, which appear to be head height, making it hard for someone to lean against the walls while occupying the window seat.