Tag Archives: pound ridge homes

pound ridge homes

World’s biggest offshore wind farm with 300 turbines | Pound Ridge Real Estate

Plans to create the world’s biggest offshore wind farm off the coast of Britain have been approved.

Work on the massive Triton Knoll site – 288 giant wind turbines off the Lincolnshire coast – can now begin after the £3.6bn project was given the go ahead.

It will dwarf Britain’s current largest offshore facility, the 175-turbine London Array in the Thames Estuary unveiled last week by David Cameron.

Go-ahead: An offshore wind farm off the coast of Skegness in Lincolnshire

Go-ahead: An offshore wind farm off the coast of Skegness in Lincolnshire

When complete, the new giant windfarm will generate 1.2 gigawatts of electricity, enough to power for 820,000 homes.

But critics say it will not come without a cost, as offshore power is currently subsidised by the taxpayer at three time the wholesale price of conventionally-produced electricity.

And the scheme is not without controversy. As part of the project, energy giant RWE are proposing building a substation the size of 30 football pitches connected to the offshore turbines, in the Lincolnshire countryside.

The proposal was met with anger by some residents, who have accused the company of trying to turn the area into an industrial site.

Others said it would drive down house prices The Government also approved a second scheme yesterday, in Wales. Energy company Vattenfall confirmed it is investing £400 million in England and Wales’ largest onshore wind farm at Pen y Cymoedd, South Wales.

The scheme, which will consist of 76 turbines, will begin next year, with the first power being generated for the grid in 2016.

Hundreds of jobs are expected to be created in the construction phase of both projects.

Plans: Map showing where the massive Triton Knoll wind farm will be built off the Lincolnshire coastline

Plans: Map showing where the massive Triton Knoll wind farm will be built off the Lincolnshire coastline

Tensions between energy firms and residents have been growing over the past two years as applications have soared.

There are currently more than 3,000 onshore wind turbines in Britain, with a further 2,500 approved or being built.

Despite increasing public anger at the subsidies paid for green power, ministers have shown no sign of changing course.

Last month , Ed Davey, the Energy Secretary, promised guaranteed prices – fixed at up to triple the market rate – for electricity from ‘green’ technologies such as wind, solar and biomass until 2019, in a bid to expand the sector.

Ministers say the financial incentive will make Britain an attractive place to invest and transform our energy supply, and are hoping that 30 per cent of power produced by 2020 will be from renewables.

Onshore wind farms are set to be given a minimum of £100 per megawatt hour – double the current wholesale rate of £50 – while offshore wind will receive a staggering £150.

The difference between the wholesale price and the agreed rate will be met by the taxpayer.

In February, more than 100 Tory MPs criticised the Government’s plan to introduce more wind farms.

Dozens of backbenchers wrote to David Cameron to demand that the £400million in subsidies paid to the ‘inefficient’ industry each year is ‘dramatically cut’.

Director of offshore renewables at industry body RenewableUK Nick Medic said the approval for the new Triton Knoll offshore wind farm was a ‘historic step’ for the industry.

He said: ‘It is the biggest project consented so far anywhere in the world, and shows the UK’s offshore sector maturing to take on new challenges of scale.

‘Following world leading projects such as the London Array, opened last week, Triton Knoll will demonstrate what offshore wind can do for the UK on a grand scale.

‘The planning consent today keeps the country firmly at the forefront of offshore wind development and will help secure up to 20 per cent of electricity from offshore wind per year by 2020.’

Read more: http://www.dailymail.co.uk/news/article-2361335/Worlds-biggest-offshore-wind-farm-300-turbines-built-Lincolnshire.html#ixzz2YvNXPgjE
Follow us: @MailOnline on Twitter | DailyMail on Facebook

 

 

World’s biggest offshore wind farm with 300 turbines will be built in Lincolnshire | Mail Online.

20 things your friends wish you’d stop posting on Facebook | Pound Ridge Realtor

Oversharing is not caring

Do you update your friends on every miniscule detail of your life? Whether you’re talking about what you ate for breakfast or the centipede you just found in your shoe, we invite you to consider that itmay be overkill.

 

20 things your friends wish you’d stop posting on Facebook – Social – Tech – MSN Living.

Fresh Food from Local Sources | Pound Ridge Realtor

DTE---E-Mail-Masthead_(722x226pxl)4-4-13b

 Fresh Food from Local Sources
7/11-7/17/2013
DowntoEarthMarkets.com
Radishes3_MGP_June2013
What’s New, in Season, and On Sale this week

Apricots
Alex’s Tomato Farm

Ayurvedic Spices
Bombay Emerald Chutney Company

Blueberries
Migliorelli Farm

Blueberries (Black and Red)
Newgate Farms

Broccoli
Little Seeds Gardens
Karl Family Farms

Cherry Tomatoes
Little Seed Gardens

Corn
Alex’s Tomato Farm
Migliorelli Farm

Country Bouquets
Newgate Farms




Cucumbers
Newgate Farms

Currants

Alex’s Tomato Farm

*Frozen Kofta, Rajma, Saag, & Samosa – $2 OFF when you buy a combo of 4 frozen items/chutneys*
Bombay Emerald Chutney Company

Green Beans
Dagele Brothers Produce

Grilled White Cheddar Cheese Sandwiches
Ladle of Love

Kirbies
Little Seed Gardens
 
Lettuces – Green & Red Leaf, Romaine
Newgate Farms

Peaches
Alex’s Tomato Farm

 

This message has been truncated

Show Full Message 

Buyers still value agents’ knowledge and negotiating skills | Pound Ridge Real Estate

Do buyers actually go to a neighborhood they’d like to live in, then check a mobile app with geolocation abilities to see nearby listings on the market?

Will buyers sign up to use a tech-focused brokerage’s virtual office website, and then work with an agent with another firm?

Does an agent risk making a bad impression — and losing out on repeat business — by carrying an old feature phone, and failing to respond to his clients’ text messages?

Answers to these and other questions of pressing importance to agents, brokers and companies that provide services to them were flying at today during a panel discussion, “Hear It Direct from Today’s Buyers: Live Consumer Panel.”

Jennifer Berman, regional manager of First Team Real Estate, grilled six buyers, ranging from first-timers to experienced investors.

The takeaway: Buyers valued not only their agent’s tech skills, but their experience, including neighborhood knowledge and negotiating skills.

– See more at: http://www.inman.com/2013/07/10/buyers-still-value-agents-knowledge-and-negotiating-skills/#sthash.q7e2MAT8.dpuf

 

Buyers still value agents’ knowledge and negotiating skills | Inman News.

Pound Ridge sales down 28% – Prices up 5% | RobReportBlog | Pound Ridge Homes

 

Pound Ridge NY Real Estate ReportRobReportBlog
20136 months ending 7/82012
27Sales38
$747,500.00median sold price$712,500.00
$399,000.00low sold price$367,500.00
$2,550,000.00high sold price$2,350,000.00
3625average size3302
$267.00ave. price per foot$259.00
244ave days on market205
$980,672.00average sold price$960,967.00
95%ave. sold to ask93%

 

 

 

Pound Ridge sales down 28% – Prices up 5% | RobReportBlog | Pound Ridge Homes.

Chinese Buyers Flood U.S. Housing Market | Pound Ridge Real Estate

Flush with cash, Chinese homebuyers are flooding into the U.S. housing market, and paying top dollar.

“The Chinese came out really huge in the past year,” said Jonathan Miller of Miller Samuel, a New York-based appraiser. Chinese buyers accounted for 18 percent of the $68.2 billion that foreigners spent on homes during the 12 months ended March 31, according to the National Association of Realtors.

At a median price of $425,000, the Chinese are also buying more expensive homes than otherforeign buyers, who spent a median of nearly $276,000 on U.S. homes. And nearly 70 percent of those pricey Chinese deals were made in all cash.

Nowhere is the influx of Chinese homebuyers felt more strongly than in California, where more than half of the homes sold to foreign buyers went to Chinese nationals.

Sally Forster Jones, an agent with Coldwell Banker International in Los Angeles, said Chinese are snapping up many of the trophy properties on the city’s Westside. She estimates that she’s sold about 10 multimillion dollar homes to Chinese nationals over the past 12 months.

“The uptick in sales to Chinese buyers started several years ago but it has increased dramatically lately,” she said.

Most of her Chinese clients are wealthy industrialists or real estate tycoons, many of whom spend less than half the year in the States.

“Some have children going to school in Los Angeles and use the homes as residences for them and [as a place] to stay at when they visit their kids,” said Jones.

China’s gross domestic product has grown by high single-digit, sometimes double-digit rates for the past 10 years, producing a lot of cash for the country’s top business people who view U.S. real estate as a safe and stable investment.

Rick Turley supervises real estate offices for Coldwell Banker in eight counties in and around San Francisco, including Silicon Valley. Many of his Chinese clients work in technology.

“The current hot spots are Palo Alto, Menlo Park and Cupertino, near Apple headquarters,” he said.

Most purchase the homes to raise their family and they pay special attention to the local school systems. Turley also has Chinese clients who buy homes for their kids. Last year, a family from Shanghai bought a condo for their daughter who was attending Stanford. The daughter has since graduated and now works at Google, he said.

 

Chinese Buyers Flood U.S. Housing Market | AOL Real Estate.

Real estate market looking up in county | Pound Ridge NY Real Estate

San Luis Obispo County’s housing market is on the rebound.

 

The median price — the point at which half of residences sell for more and half for less — continues to rise, sales have picked up and foreclosures have fallen.

 

A strengthening economy has played a key role in the housing market’s comeback, and real estate will be a significant contributor toward economic growth this year, economists say.

 

“It’s on an upward trend,” said Jordan Levine, economist for Beacon Economics, a Los Angeles-based independent research and consulting firm.  “The economy is improving, tourism is doing well and more people are back to work, and there’s not a lot of inventory.”

 

California traditionally suffers from an undersupply of housing, Levine added. That lack of housing supply has kept prices higher in California relative to other states, and has resulted in pent-up demand.

 

“The supply issue is starting to express itself,” he said. “It wasn’t as big an issue when the housing market was in the doldrums. But now, it has become more obvious as demand rises.”

 

The unsold inventory index for San Luis Obispo County, which indicates the number of months needed to sell the supply of homes on the market at the current sales rate, was 3.5 in May, according to the California Association of Realtors. A six- to seven-month supply is considered normal.

 

But some inventory relief should come in the second half of this year, as homeowners who had been holding back decide it’s time to sell, said Leslie Appleton-Young, chief economist for the association.

 

“There are people that are still underwater; over 20 percent of the mortgages in California are underwater,” she said. “But that’s changing rapidly as prices go up. More will be above water and will either stay or list their home.”

 

The all-home median price for the county, which includes new and resale single-family detached homes and condos, was $421,500 in May, 12.4 percent higher than the same month in 2012, according to DataQuick, a Southern California-based real estate tracking firm. May marked the 13th consecutive month in which the county’s median home sales price saw a year-over-year increase.

 

However, the May median sale price was still 23.4 percent lower than the peak May median of $550,000 in 2006.

 

A total of 394 homes were sold in May 2013, up from 361 sold in May 2012, a 9 percent year-over-year increase.  Most of the homes sold in the county are existing, single-family homes.

 

The median price for resale homes was $435,500 in May, a 13.1 percent year-over-year increase. Sales for existing, single-family homes grew to 325, a nearly 5 percent year-over-year increase.

 

Read more here: http://www.sanluisobispo.com/2013/07/06/2574290/real-estate-market-looking-up.html#storylink=cpy

 

 

Real estate market looking up in county | Local News | SanLuisObispo.com.

Housing: Home equity numbers rebound as market heats up | Pound Ridge NY Real Estate

You’ve probably seen some of the reports during the past week about home sales and prices. Housing is hot.

• New home sales in May were almost 30 percent higher than a year ago, and average prices jumped by about 10 percent during the past 12 months to $308,000.

• Resales of homes were up by 13 percent in May over May 2012. Median prices increased by 15.4 percent, the sixth straight month of double-digit gains and the largest monthly advance since October 2005.

• Median prices of new listings in some cities where inventories of homes listed for sale are tight and multiple bidding situations are routine have gone off the charts. In the Los Angeles-Long Beach area, list prices were nearly 28 percent higher in May than the year before, according to data compiled by Realtor.com from local multiple listing services. In San Diego, median list prices were 21 percent higher. Washington D.C., 18.8 percent. Seattle, nearly 18 percent. Charlotte, N.C., 11 percent.

But one key housing number that hasn’t gotten as much attention – yet directly affects the financial health of millions of Americans – is home equity. Thanks to the big gains in home values, total home equity balances have grown by more than $2 trillion within the past 12 months to nearly $9.1 trillion, a 28.6 percent gain, according to the Federal Reserve.

That’s $2.5 trillion above where it was at the end of 2011, but still below the $10 trillion it hit in 2007, on the eve of the market crash. During the last three months of 2012 alone, total home equity grew by a stunning $816 billion.

Numbers like these may be hard to get your head around, but they can be distilled down to the personal level: Home equity is the value of your home minus all the debt you have against it – generally first mortgages, junior liens and equity credit lines. If your house is worth $400,000 and your mortgage is $200,000, you’ve got positive equity of $200,000. If your home is worth $200,000 and your debt is $400,000 you’ve got $200,000 of negative equity.

If you were at $60,000 negative equity three years ago, and the resale value of your home has gained by $70,000 plus you’ve paid down $5,000 in principal balance on your mortgage, you now have positive net equity of $15,000. That’s what’s happening across the country as real estate markets rebound from five years of recession.

Not everybody is sharing equally in the realty wealth boom, however. New data from a study by realty information firm CoreLogic reveal that current equity holdings vary widely around the country. In some metropolitan areas, just about every owner has positive equity. In Dallas and Houston, and on Long Island, N.Y., more than nine out of 10 homeowners have positive equity. Pretty much the only people with negative equity are those who overpaid on their last purchase and mortgaged the house to the hilt. In Seattle, 87 percent of owners have positive equity. In Los Angeles, just under 84 percent do. And in Washington, D.C., and its Maryland and Virginia suburbs, it’s 78 percent.

In other metropolitan areas, the economic rebound hasn’t replenished equity quite as fast. In Miami and Tampa-St. Petersburg, Fla., more than 40 percent of owners are still in negative territory; just under 60 percent have positive equity. Chicago also has been a relative laggard in the recovery – with just 65.8 percent of homeowners having positive equity, 34.2 percent with negative.

Nationwide, roughly 57 percent of all homeowners have at least 20 percent equity in their homes, but another 23 percent are what CoreLogic calls “under-equitied” – they’ve got less than 20 percent. As of the first quarter of 2013, 19.8 percent of all homes with mortgages continued to have negative equity, but that’s falling fast – down from nearly 22 percent at the end of 2012. If home prices rebound another 5 percent nationally, says Mark Fleming, chief economist for CoreLogic, another 1.6 million homeowners will regain positive equity.

So the overall outlook on home equity appears to be encouraging. But last week another research organization, Harvard’s Joint Center for Housing Studies, sounded an alarm for one segment of owners: seniors. More and more owners in their 60s are carrying heavy mortgage debt loads. Between 1989 and 2010, the share of owners aged 60 to 69 with mortgage debt rose from just 32 percent to 60 percent.

 

Housing: Home equity numbers rebound as market heats up.

Home of the Week: New High-Rise Offers NY Living in LA | Pound Ridge Real Estate

1 W Century Dr, Los Angeles, CA
For sale: $15.5 million

A penthouse sitting atop a 42-story building in New York is one of many, a dime a dozen in a city where homes don’t often come with garages or backyards.

A penthouses in a Los Angeles high-rise, however, is a rarity — but a trend that developers are banking on for the City of Angels.

Once upon a time, Los Angeles was a city with loads of land. The wealthy could move in and buy swathes of real estate, creating estates on an acre or more.

Today Los Angeles is enormous, with a population more than 3.8 million, and growing. Traffic while always bad, is increasingly so, and the idea of a private, gated villa on a hill is no longer attractive.

Enter a new market for New York-style residences, starting with The Century, a brand new, 42-story luxury building.

“Certainly the market has changed,” explained Mary Ann Osborn, vice president of sales at The Related Companies, which developed New York’s Time Warner Center and is now behind The Century. “A lot of people were not living in high-rises, but it’s been an educational process.”

The process has had success. The building is already 65 percent sold, with buyers including Candy Spelling, who dumped her massive estate back in 2008. She was one of the first buyers, picking up a penthouse before the building was completed for $34.8 million. Other celeb residents have followed suit, including Paula Abdul, Elizabeth Berkley and Cheryl Cole.

The stars are among a growing L.A. population looking for amenity-heavy and worry-free living.

“They are looking for a turn-key home; they want the conveniences,” Osborn said. “It’s estate living vertically — you’re keeping or enhancing their standard of living.”

The Century sits on 4 acres in Century City, with lush outdoor gardens and high-ranked security. All of the condos have access to the tower’s features, which include an entertainment suite with a private, 16-person seating room, as well as a gym, 75-foot lap pool and new restaurant by chef David Myers.

Although modeled after New York, the units are not New York sized.

“This is a building you would see in New York on Fifth Avenue but on acreage,” Osborn said. “People are surprised at the size of the closets compared to New York.”

And of course the unit with the largest closets is the last remaining penthouse, listed at $15.5 million. Measuring 5,665 square feet, the condo has 3 bedrooms and 4.5 baths, as well as a 746-square-foot terrace. The master suite features a private home office with fireplace and “midnight kitchen.”

 

Home of the Week: New High-Rise Offers NY Living in LA | Zillow Blog.

Chelsea Handler and Ted Harbert’s Former Love Nest for Sale | Pound Ridge Real Estate

The pair snatched up the penthouse in the newly built Azzurra building in 2008, paying a nice $3.7 million for the modern pad.

By 2009 or 2010, depending on reports, the romance between Handler and Harbert fizzled, and the two parted ways, as well as real estate. According to property records, Handler sold her half of the penthouse to Harbert, and his name is currently on the deed.

Now with some growth in the real estate market, Harbert is ready to dump the property for more than he paid for back in ’08. The home at 13700 Marina Pointe Dr #1901, Marina del Rey CA 90292 is currently listed for $3.95 million.

The 3-bedroom, 3.5-bath place has what every penthouse should: loads of windows with panoramic views and plenty of space. Upgrades include an automated system for the lights and a sound system. The 3,319-square-foot home has a 400-square-foot wraparound terrace, steam shower and 100-gallon fish tank in the foyer.

 

Chelsea Handler and Ted Harbert’s Former Love Nest for Sale | Zillow Blog.