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Tag Archives: Chappaqua NY Homes for Sale
Report: East End real estate market ‘booming’ | Chappaqua NY Homes
Home sales on the East End have skyrocketed last year compared to 2012 and 2011, according to a report released Monday by Suffolk Research Service Inc.
The research service’s president, George Simpson, described the East End market as “booming.”
His numbers show Suffolk County’s five eastern towns have seen a 61 percent increase in sales since 2011, with the median price for single family houses on the East End rising by 4 percent from 2012 to 2013.
Looking at 2013’s fourth quarter numbers, which the service just released, 116 housing units were sold in Riverhead Town, compared with 74 in the fourth quarter of 2012 and 60 during the same period in 2011.
Southold Town saw 159 houses sold in the fourth quarter of 2013, compared with 86 during that same three-month stretch of 2012.
Marie Beninati, owner of Beninati Associates in Southold, said the trend of a dwindling housing stock and rising home prices has been going on for about “six months or so,” from her experience — and has been about a year and a half in the making.
“I haven’t really done the numbers, but if you sell two houses, maybe one comes on the market,” she said, adding that rising prices isn’t ideal, but it is a natural thing to see a pendulum swing toward more of a seller’s market.
According to a Long Island Decade Survey of Residential Sales report for 2013 compiled by The Douglas Elliman Report series, there were 12,801 homes for sale on Long Island in 2013 as opposed to 14,574 in 2012 — a decrease of 12.2 percent.
http://riverheadnewsreview.timesreview.com/2014/02/51132/report-east-end-real-estate-market-booming/
Texas Real Estate Market Finishes 2013 Strong | Chappaqua NY Real Estate
The Texas real estate market finished 2013 strong, with continued year-over-year increases in sales volume and prices for single-family homes, according to the Texas Association of Realtors’ Texas Quarterly Housing Report released today.
“The Texas real estate market showed strength in sales volume and price all year long and the fourth quarter was no exception,” said Dan Hatfield, chairman of the Texas Association of Realtors. “We’ve now seen year-over-year increases in both sales volume and price every quarter for more than two years. This makes it clear – demand for Texas homes is strong and enduring.”
According to the Texas Quarterly Housing Report, 60,998 single-family homes were sold in Texas in the fourth quarter of 2013, which is 6.78 percent more than the same quarter of 2012. During the same time frame, the median price for Texas homes was $172,600, up 8.48 percent from 2012-Q4, and the average price was up 8.88 percent to $226,216.
Jim Gaines, Ph.D., economist with the Real Estate Center at Texas A&M University, explained, “One thing that is notable about the price increases seen in the fourth quarter is that they are relatively consistent across the state. Those increases are being seen in markets of every size, not just in the largest Texas markets, so that indicates broad-based appreciation for Texas real estate.”
This high demand continued to contribute to a shrinking inventory of homes in Texas. During the fourth quarter of 2013, the statewide inventory of homes decreased by one full month to 3.6 months. That figure is well below the 6.5 months that the Real Estate Center at Texas A&M University cites as a market balanced between supply and demand.
Buyer’s agent builds blog audience by cutting Greenwich, Conn., down to size | Chappaqua Real Estate
Instead of singing the praises of his local market, Greenwich, Conn., buyer’s agent Christopher Fountain has built an audience for his blog, “For What It’s Worth,” by tearing it down.
“The essence of his complaint,” writes the New York Times’ Landon Thomas Jr. in a profile of Fountain, is that “decades of easy money and ceaseless greed have created a glut of unsalable houses that will remain a blight on his hometown for many years.”
Fountain catalogs residents’ “run-ins with the law, debt-fueled implosions or plain old bad taste,” Thomas says, winning a “cult following” among the very people he’s making fun of: “financial titans who can afford to plunk down $5 million or more on a house.” Source: New York Times.
– See more at: http://www.inman.com/wire/greenwich-conn-agent-nabs-attention-with-blog-that-lambastes-local-real-estate/?utm_source=20140127&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.VtsefwpH.dpuf
‘Pay for what agents value, unless they’re wrong’ | Chappaqua NY Real Estate
Joseph “Joe” Rand has what he says is one “golden rule” to profitability, at least when it comes to expenses: Pay as little as possible, only for what your agents really value, and pay for nothing else — unless they’re wrong.
Rand is managing partner at Better Homes and Gardens Real Estate Rand Realty in the New York metro area. Last year, the firm generated about $45 million in revenue, Rand said.
He spoke to a roomful of his colleagues at Real Estate Connect New York City today in a session called “Survival War Room for Brokers.”
“If your business model is aligned with what your agents value, you’ll be just fine. It really depends on you being a good operator and executing on that,” Rand said.
But ”sometimes there’s a disconnect between what agents want and what they should want,” he added.
For instance, his brokerage used to pay for personal assistants for their most successful agents. But then the industry changed and the agents didn’t need those assistants as much, so the firm allowed the agents to spend that money on marketing.
– See more at: http://www.inman.com/2014/01/15/the-golden-rule-to-profitability-for-brokers/?utm_source=20140116&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.Gw830cZN.dpuf
Spike In Westchester Home Sales Is Good For Buyers And Sellers | Chappaqua NY Homes
Westchester home sales increased 21 percent in 2013 over the previous year, which has created a great environment for sellers, said Diane Cummins, president of the Hudson Gateway Association of Realtors (HGAR).
The White Plains-based group released its 2013 year-end home sales report this week. It showed 13,781 total sales in its coverage area, which includes Westchester, Putnam, Orange and Rockland counties. This is the highest number of sales since 2007, according to the report.
Among the four counties, Westchester only trailed Orange in increased sales over 2012.
“I think we’ve turned the corner,” Cummins said. “I think these numbers demonstrate a consistent growth pattern.”
Sales really picked up in the second and third quarters of the year. They slowed down somewhat in the fourth quarter, which is typical due to the weather and holidays, Cummins said. However, fourth quarter sales in 2013 were up 16 percent over 2012 and 34 percent over 2011, according to Joe Rand, managing partner of Better Homes and Gardens.
“That finished a really strong year. Sales came back in a really big way in 2013,” he said in a video.
With two years of increased home sales, prices are starting to follow, which Rand said usually trails home sales by one-to-two years.
http://chappaqua.dailyvoice.com/real-estate/spike-westchester-home-sales-good-buyers-and-sellers
Mayor de Blasio to party with real estate | Chappaqua NY Real Estate
The event, in its 118th year, has long been an opportunity for the city’s largest and wealthiest landlords and developers to schmooze with each other as well as top political figures both in city and state government. During his 12 years as mayor, Michael Bloomberg attended almost every year, one among a long list of senators, City council members and governors who made the year’s biggest New York real estate event a perennial stop on their social calendars.
It had been uncertain, however, if Mr. de Blasio and some of the officials who have filled top posts in his administration would do the same. The real estate industry has greeted the new mayor with unease as he campaigned on populist issues such as growing income inequality and the lack of affordable housing. Those dynamics have been a windfall for the real estate industry, which has rushed to build a new generation of luxury residential towers in recent years.
In addition to the mayor, Police Commissioner William Bratton is expected to attend, along with other top de Blasio appointees, including Tony Shorris, de Blasio’s first deputy mayor; Emma Wolf, the director of intergovernmental affairs; and Alicia Glen, the deputy mayor for housing and economic development. Kyle Kimball, president of the Economic Development Corp., who Mr. de Blasio recently renamed to that position, is also likely to be at the event, sources said. U.S. Sen. Charles Schumer will likely attend as well.
HomeFinder.com acquires Open Home Pro | Chappaqua Homes
Real estate marketplace HomeFinder.com has acquired Open Home Pro, maker of a popular iPad app of the same name that helps agents capture and keep in touch with leads gathered at open houses.
In addition to collecting open house leads, the app also helps agents determine whether a prospect is already working with another agent, allows them to set up automatic emails and notifies potential homebuyers when changes are made to a listing they’re following.
The companies claim that more than 35,000 users have downloaded the app – currently for sale in the Apple Store for $14.99 – since its launch in 2010.
Launched in 2009 by media giants Gannet Co. Inc., The McClatchy Co. and the Tribune Co., HomeFinder.com features more than 4 million listings that attract upwards of 3.4 million unique visitors a month to a network of more than 375 news sites, including the ChicagoTribune.com, Azcentral.com and MiamiHerald.com. In addition to the 130 websites operated by its owners, HomeFinder.com powers real estate search on more than 200 websites belonging to GateHouse Media through a May 2011 agreement.
HomeFinder.com also sells advertisting and provides marketing services like Open Home Pro and single-property websites to a network of 20,000 real estate professionals.
“(The app) makes something agents do on a weekly basis much easier,” HomeFinder.com President and CEO Doug Breaker told Inman News. Part of the appeal for the acquisition, he said, was the app’s high rating in Apple’s app store and its lofty volume of paid users.
– See more at: http://www.inman.com/2014/01/14/homefinder-com-acquires-open-home-pro-maker-of-popular-agent-ipad-app/?utm_source=20140114&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.ZgytCb6L.dpuf
US pending home sales up slightly after six-month slump | Chappaqua Real Estate
U.S. pending home sales in November ticked upward for the first time in half a year, according to National Association of Realtors data released today.
Contracts to buy previously owned homes, also known as the Pending Home Sales Index, saw a 0.2 percent month-over-month boost to 101.7. Despite this good news, the year-over-year change was a 1.6 percent decline. Economist projects that signed contracts would go up 1 percent from October, which wasn’t far off.
“Several housing indicators have improved recently and the very modest increase in pending home sales in November is a tentative sign that activity is stabilizing, or perhaps even picking up,” JPMorgan Chase economist Daniel Silver told Reuters.
All-cash buyers accounted for 42 percent of the nearly 500,000 U.S. home purchases last month, according to RealtyTrac, as reported last week. That figure is the highest seen since RealtyTrac began tracking all-cash purchases in 2011
http://therealdeal.com/blog/2013/12/30/us-pending-home-sales-up-slightly-after-six-month-slump/
5 Tips to Manage Snow & Ice This Winter | Chappaqua NY Homes
If it hasn’t already found its way to your home, it no doubt will. Winter is here, and if you live in a part of the country where snow and ice are likely — an increasingly larger swath of the country these days — then you’ll be shoveling, salting, deicing, scraping and blowing or throwing snow on your property soon. Here are 5 tips to help you prepare for whatever winter sends your way.
No. 1: Upgrade your snow shovel
There are a surprising number of snow shovel designs — including one that looks like a unicycle! Basic rules, however, apply. Don’t buy a snow shovel with a wide blade if your idea of a workout is watching a football game. A small scoop may lengthen snow removal sessions, but it will help save your back and keep your cardiologist happy. Choose a shovel with a securely fastened, comfortable D-shaped grip. Some models come with an auxiliary grip that reduces the need for you to bend your back, which can cause back strain. Look for a sturdy steel or wooden handle. The blade’s edge should be reinforced with galvanized steel.
Plow-style shovels or snow pushers, some of which come with wheels, allow users to push snow out of the way instead of lifting and tossing it. These are ideal for long, straight runs and for clearing decks. With blades up to 3 feet wide, however, strength and endurance are required.
No. 2: Buy a good windshield scraper
Treat yourself to the sturdiest scraper you can find. Cheap ones break when you need them most. Opt for one that includes a handle that’s at least 2 feet long and that has a brush or squeegee on one end. If your vehicle is large, get one that extends to 3 feet. The Thor ice scraper includes a squeegee and double scraper that removes ice on both the push and pull strokes. The stainless steel handle extends to 3 feet and includes an extra grip for improved leverage.
No. 3: Stock up on ice melter
The best ice melters contain magnesium chloride or calcium chloride. They melt ice at temperatures near 0 degrees Fahrenheit and are generally less harmful to the environment. Rock salt is slightly less expensive, but it melts ice more slowly, ceases to be effective below 20 degrees Fahrenheit, and may damage concrete, lawns and plantings. It may even be harmful to animals. That said, not all “green” melts are safe around pets (and wild animals), so look for a salt-free ice melter or a product that is made from magnesium chloride. Typically, such products will be labeled “pet friendly.” Sand or kitty litter, although not an ice melter, is useful for improving traction on icy surfaces too.
No. 4: Invest in a roof rake
If you’re plagued with ice dams, despite keeping your attic insulated and ventilated, consider a snow rake. Ice dams often form on roofs, such as a cathedral ceiling, under which there is no attic. Use the rake to remove snow buildup from the lower 3 or 4 feet of your roof, so that melting snow can drain off before ice dams have a chance to build up. Snow rakes are typically fitted with a 2-foot-wide blade that’s perpendicular to the handle. The handle may be telescoping or extendable with snap-on sections. Better models have wheels that protect roof shingles as you push and pull the rake. Handle lengths range from 15 to 22 feet. An innovative “rake” design that doesn’t fit the mold is called the Avalanche. Its blade cuts through snow accumulation instead of pulling or pushing it. As chunks of snow break loose, they slide to the ground on the plastic sheeting attached to the bottom of the blade.
If you’re too late in preventing an ice dam, and it’s beginning to back up and leak inside your home, it’s usually best to call a pro. Some homeowners, however, have had success tossing a pair of calcium chloride-filled pantyhose across the dam at 6-foot intervals. Ice melt tablets formulated for roofs may also be effective, depending upon temperature and your ability to safely place them near the ice dam.
No. 5: Consider a snow blower or thrower
Snow throwers and blowers are an attractive option if you live where average annual snowfalls reach 3 feet or if you are physically impaired. Otherwise, most people get by without them. The initial cost, maintenance, fuel and storage space required for such units is simply not worth it. Choose a snow thrower for small- and medium-size clearing, and a snow blower for larger areas. Snow throwers, also called single-stage snow throwers, are smaller both in width and vertical intake. They remove and throw the snow in one continuous motion. Snow blowers, also called two-stage snow blowers, scoop up snow with an auger that feeds it to an impeller. The impeller allows snow blowers to throw snow much farther than snow throwers.
For lighter-duty snow removal, consider an electric snow shovel or an electric snow thrower. The former are typically able to handle 4-inch depths; the latter can handle 10-inch depths. The nice thing about these machines is that maintenance is significantly reduced. Electric snow throwers are available both corded and cordless.

