Tag Archives: Pound Ridge Real Estate for Sale

Pound Ridge Real Estate for Sale

Real estate listings: here, there, everywhere | Inman News in Pound Ridge NY

 

Flickr image courtesy of <a hjref="<a href= 

 There are some things that real estate agents care about, and some things that we don’t care about. I can’t speak for all agents, but people like me who sell real estate for a living don’t always see things the same way that the industry leaders and experts see them.

We don’t always agree with our Realtor boards or the National Association of Realtors.

Most of us don’t care if the data on third-party property websites is accurate. I know I don’t — why should I? I am not the “data police” for someone else’s website.

I am a salesperson, and if I get a call from a prospective buyer about a listing that I sold a month ago I can find another house to sell to that individual. It doesn’t hurt me at all if one of my listings shows up on a website long after it has been sold.

The existence of so many sites with homes for sale on them hurts my business, and manually updating listings takes time away from important tasks like selling houses. If the sites did not exist, consumers would just find my listings on a local brokerage site like my own.

There are many real estate sites in my market that get data fed to them from the area’s multiple listing service. In fact, I just Googled a listing that I have had on the market since Friday and it shows up on thousands of sites.

The way I see it, third parties need my listings for their websites, but I don’t need their websites for advertising, and consumers don’t need them, either.

It is in my best interest to have homes that I have listed for sale appear on numerous websites — even if they are no longer on the market. They are bait for me, just like they are for the companies that use them to sell advertising and services.

But it is against the MLS rules to have a home listed for sale that is not for sale, so I will correct an outdated listing once it is brought to my attention.

Sellers don’t seem to care if we continue to advertise their home after it has been sold, and the buyers don’t seem to notice, either — probably because they are no longer searching on the Internet for a home.

Some property site owners tell me they are doing consumers a favor by giving them alternative sites to search for property listings. I have also been told that consumers don’t trust industry sites and would prefer to go to third-party sources for information.

I don’t think most consumers know who owns their favorite real estate websites — they just want information.

On some days I feel like I am competing with the third-party companies and lead aggregators.

Even though those companies are not brokerages and they don’t sell real estate, they are sucking traffic away from my websites and blogs. Staying ahead in the search engines is a constant battle.

They are using my own listings to attract people to their sites so they can sell those people to real estate agents as leads, or so that they can sell advertising space to agents or others. It is a difficult proposition to help those sites if I find that they are not helping me.

It would be nice if there was more education for consumers about websites. Some of the sites do not have all the listings and some do not have accurate data. Some sites require consumers to sign up, but other sites let them look at the same data without signing up.

Maybe the people who sign up don’t know that they don’t have to share contact information just to look for a home. Consumers should be told that the prettiest site doesn’t always have the best data and that they don’t have to sign up to look at property listings.

If you are depending upon someone like me to make sure that the data on your site is accurate then you are in trouble. I am your worst nightmare because I don’t give much thought about your site or the data on it — not even if my name is attached.

I am motivated to make sure the information I put in the MLS is correct, because if I don’t and I get caught, I will be fined.

I don’t have any control over third-party sites, but if someone had asked me I would have said that we don’t need any more sites with real estate listings on them.

There is a point when listings become ubiquitous, and we reached that point years ago. If having them on many sites meant that they would sell faster, I would be in favor of more sites with property listings on them.

      

 

          

    

Top 25 largest brokerages nationwide | Inman News in Pound Ridge NY


The 500 largest real estate brokerages in the country completed 6.7 percent fewer transaction sides in 2010 than in 2009, according to rankings from real estate publishing and communications company Real Trends.

Real Trends ranks the country’s 500 largest brokerages each year by transaction sides (in every real estate sale there are two transaction “sides”: the buyer’s side and the seller’s side) and closed sales volume.

Transaction sides among the 500 fell to 1.89 million in 2010 from 2.02 million in 2009. Total sales volume rose 1.3 percent, to $513 billion. The average home price among the 500 rose 7.4 percent last year from 2009, to $271,278.

The rise in sales volume was sharper among the top 25 firms: a 4.5 percent increase, to $247.7 billion.

The top five brokerages in both transaction sides and sales volume remained unchanged from last year. For transaction sides, NRT LLC was at the top, followed by HomeServices of America Inc., The Long & Foster Companies Inc., Hanna Holdings Inc., and ZipRealty Inc.

Each closed fewer transaction sides in 2010 than in 2009. NRT closed 259,114 sides, down 5.5 percent from 2009; HomeServices of America closed 114,070 sides, down 7.9 percent; Long & Foster closed 65,284 sides, down 6.6 percent; Hanna Holdings closed 30,493 sides, down 4 percent; and ZipRealty closed 22,013 sides, down 4.7 percent.

Eight of the top 25 brokerages saw their completed transaction sides rise in 2010: Real Estate One (up 2.4 percent); Baird & Warner (4.6 percent); Realty One Group Inc. (35.1 percent); Prudential Douglas Elliman Real Estate (16.3 percent); Re/Max Results (3.5 percent); Keller Williams Realty (0.8 percent); Watson Realty Corp. (2.7 percent); and William Raveis Real Estate Inc. (6.1 percent).

Sales volume rose in 18 out of 25 brokerages in 2010. Among the top five, NRT saw its sales volume increase 5.4 percent to $112.9 billion. Volume at HomeServices of America fell 3.4 percent to $33.8 billion, while at Long & Foster it fell 3.8 percent to $22.9 billion. Prudential Douglas Elliman saw its volume rise 33.5 percent, to $11.5 billion, while at Prudential Fox & Roach Realtors it rose 1.9 percent, to $7 billion.

There were a few newcomers to the top 25 rankings this year. A 35.1 percent increase in closed transaction sides in 2010 pushed Realty One Group Inc. to No. 13 from its No. 26 showing in last year’s list. William Raveis Real Estate Inc. rose from No. 29 to No. 23, with a 6.1 percent rise in closed transaction sides. Despite a 0.2 percent dip in transaction sides, First Team Real Estate rose to No. 24 from No. 28.

A 37.3 percent jump in sales volume in 2010 pushed Houlihan Lawrence up to No. 15 from No. 26. First Weber Group rose to No. 25 from No. 32, with a 24.4 percent rise in sales volume.

Ranked by 2010 closed transaction sidesRanked by 2010 closed sales volume
1.NRT LLCNRT LLC
2.HomeServices of America Inc.HomeServices of America Inc.
3.The Long & Foster Companies Inc.The Long & Foster Companies Inc.
4.Hanna Holdings Inc.Prudential Douglas Elliman Real Estate
5.ZipRealty, Inc.Prudential Fox & Roach Realtors
6.Crye-Leike RealtorsAlain Pinel Realtors Inc.
7.Prudential Fox & Roach RealtorsHanna Holdings Inc.
8.Coldwell Banker United, RealtorsZipRealty Inc.
9.Realty USAFirst Team Real Estate
10.Real Estate OneWilliam Raveis Real Estate Inc.
11.Realty Executives, PhoenixColdwell Banker United, Realtors
12.Baird & WarnerEbby Halliday Real Estate, Inc.
13.Realty One Group Inc.Crye-Leike Realtors
14.Prudential Douglas Elliman Real EstateJohn L. Scott Real Estate
15.Ebby Halliday Real Estate Inc.Houlihan Lawrence
16.Allen Tate CompaniesIntero Real Estate Services
17.West USA Realty Inc.Coldwell Banker Bain & Coldwell Banker Barbara Sue Seal Properties
18.RE/MAX ResultsBaird & Warner
19.Keller Williams RealtyBetter Homes and Gardens Real Estate Mason-McDuffie
20.Watson Realty Corp.Prudential Connecticut Realty
21.John L. Scott Real EstateAllen Tate Companies
22.First Weber GroupRealty Executives, Phoenix
23.William Raveis Real Estate Inc.Realty USA
24.First Team Real EstateWest USA Realty Inc.
25.Hunt Real Estate Corporation/ERAFirst Weber Group

Source: Real Trends

For the first time, Real Trends also ranked the top 25 firms in productivity per sales associate, based on sides and volume. Re/Max brokerages dominated among both lists, taking 21 out of 25 spots in terms of transaction sides per associate, and nine out of the 25 top spots in terms of sales volume per associate.

Also new this year, Real Trends ranked productivity per office. Of the top 25 firms with the most transaction sides per office, Keller Williams brokerages accounted for 10 and Re/Max brokerages accounted for nine. The two franchises also dominated among the top 25 in sales volume per office: Keller Williams accounted for 12 out of 25 while Re/Max accounted for five out of 25.

Contact Inman News:
Email EmailLetter to the Editor Letter to the Editor
Copyright 2011 Inman News

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.

Feds Will Bow Out of Big Loans Soon | Pound Ridge Luxury Real Estate

1073_800x600

By summer’s end, buyers and sellers in some of the country’s most upscale housing markets are slated to lose one their biggest benefactors: the deep pockets of the federal government. In this seaside community of pricey homes, the dread of yet another housing shock is already spreading.

“We’re looking at more price drops, more foreclosures,” said Rick Del Pozzo, a loan broker. “This snowball that’s been rolling downhill is going to pick up some speed.”

For the last three years, federal agencies have backed new mortgages as large as $729,750 in desirable neighborhoods in high-cost states like California, New York, New Jersey, Connecticut and Massachusetts. Without the government covering the risk of default, many lenders would have refused to make the loans. With the economy in free fall, Congress broadened its traditionally generous support of housing to a substantial degree.

But now Democrats and Republicans agree that the taxpayer should no longer be responsible for homes valued well above the national average, and are about to turn a top slice of the housing market into a testing ground for whether the private mortgage market can once again go it alone. The result, analysts say, will be higher-cost loans and fewer potential buyers for more expensive homes.

Michael S. Barr, a former assistant Treasury secretary, said the federal government’s retrenchment would be painful for many communities. “There’s always going to be a line, and for the person just over it it’s always going to be an arbitrary line,” said Mr. Barr, who teaches at the University of Michigan Law School. “But there is no entitlement to living in a home that costs $750,000.”

As the housing market braces for more trouble, homeowners everywhere have been reduced to hoping things will someday stop getting worse. In some areas, foreclosures are the only thing selling. New home construction is nearly nonexistent. And CoreLogic, a data company, said Tuesday that house prices fell 7.5 percent over the last year.

The federal government last year backed nine out of 10 new mortgages nationwide, and losses from soured loans are still mounting. Fannie Mae, which buys mortgages from lenders and packages them for investors, said last week it needed an additional $6.2 billion in aid, bringing the cost of its rescue to nearly $100 billion.

Getting the government out of the mortgage business, however, is proving much more difficult than doling out new benefits. As regulators prepare to drop the level at which they will guarantee loans — here in Monterey County, the level will drop by a third to $483,000 — buyers and sellers are wondering why they should be punished simply for living in an expensive region.

Sellers worry that the pool of potential buyers will shrink. “I’m glad to see they’re trying to rein in Fannie Mae, but I think I’m being disproportionately penalized,” said Rayn Random, who is trying to sell her house in the hills for $849,000 so she can move to Florida.

Buyers might face less competition in the fall but are likely to see more demands from lenders, including higher credit scores and larger down payments. Steve McNally, a hotel manager from Vancouver, said he had only about 20 percent to put down on a new home in Monterey County.

If a bigger deposit were required, Mr. McNally said, “I’d wait and rent.”

Even those who bought ahead of the changes, scheduled to take effect Sept. 30, worry about the effect on values. Greg Peterson recently purchased a house in Monterey for $700,000. “That doesn’t get you a palace,” said Mr. Peterson, a flight attendant.

He qualified for government insurance, which meant he needed only a small down payment. If that option is not available in the future, he said, “home prices all around me will plummet.”

The National Association of Realtors, 8,000 of whom have gathered in Washington this week for their midyear legislative meeting, is making an extension of the loan guarantees a top lobbying priority.

“Reducing the limits will put more downward pressure on prices,” said the N.A.R. president, Ron Phipps. “I just don’t think it makes a lot of sense.” But he said that in contrast to last year, when a one-year extension of the higher limits sailed through Congress, “there’s more resistance.”

Federal regulators acknowledge that mortgages will get more expensive in upscale neighborhoods but say the effect of the smaller guarantees on the overall housing market will be muted.

A Federal Housing Administration spokeswoman declined to comment but pointed to the Obama administration’s position paper on reforming the housing market. “Larger loans for more expensive homes will once again be funded only through the private market,” it declares.

 

Full Story

 

Pound Ridge Luxury Homes

Pound Ridge NY Weekend Real Estate Report | RobReportBlog

Pound Ridge NY Real Estate Report    RobReportBlog

64    homes on the market

$1,147,000    median price

$10,000,000    high price

$380,000    low price

$373    average price per foot

165   DOM

4219    average size

Pound Ridge NY Homes

Pound Ridge Luxury Homes

New Agency Disclosure in Pound Ridge NY | Pound Ridge Real Estate – Business Exchange

agency disclosure by robert paul

agency disclosure by robert paul

Check out this website I found at bx.businessweek.com

Real Estate Marketing – 3 Steps to Making it More Personal | Pound Ridge Homes

I must be on a lot of Realtor’s marketing lists. I’m not surprised, I know a ton of real estate agents and brokers from all over the country and I blog about real estate marketing and social media. The downside to being on all these lists (most of which I don’t remember signing up for), is the onslaught of marketing materials I receive. I get tons of postcards and newsletters sent to me and emailed to me.

I receive reminders about turning the clocks back, and when it’s time to change the batteries on my smoke detector. All of this is fine – and I know as a marketer, some real estate agents were sold the idea that the more “touches” they got to me, the more likely I am to call them to buy or sell a house.

Not only that, I was a promoter of this theory!!

I remember working with agents, getting their databases organized and getting them on a 12 month drip marketing campaign. It all sounded so great until now.

Pound Ridge NY Real Estate Report | Sales Up 140% in 4th Qtr. | RobReportBlog

Residential Real Estate –  Pound Ridge NY Real Estate Report  –  RobReportBlog

 

Pound Ridge NY Real Estate Report | Sales Up 140% in 4th Qtr. | RobReportBlog