Tag Archives: Westchester NY Homes for Sale

Westchester NY Homes for Sale

Existing-home sales not reflective of current market | Bedford NY Real Estate

Existing-home sales flourished in July, with the median price continuing to see double-digit year-over-year increases, according to data from the National Association of Realtors.

Total existing-home sales — which include single-family homes, townhomes, condominiums and co-ops — rose 6.5% in July to a seasonally adjusted annual rate of 5.39 million units, up from a downwardly revised 5.06 million in June. Year-over-year, existing-home sales rose 17.2% from the 4.50 million-unit pace set in July 2012.

The impressive growth in existing-home sales would seem to suggest a continually improving housing market. But David Berson, chief economist at Nationwide, believes it may be premature to assume this report is directly correlated with the current housing market.

Existing-home sales data tends to lag what’s happening in the market to some extent because the data takes into account when a buyer actually closes on the home.

The lag time for existing-home sales is typically 60-90 days, said Berson, meaning the report on July sales is actually more reflective of the housing market between April and June, when mortgage rates were significantly lower than they are today.

 

read more…

 

http://www.housingwire.com/articles/26329-existing-home-sales-not-reflective-of-current-market

Latest from Brynwood Development in Armonk | Armonk Homes

August 23rd, 2013

Dear Neighbor,

 

Over the past several weeks many of you may have received inflammatory e-mails from a new group bearing the name “Responsible Development in North Castle, LLC”. The group described its mission as one that “…hopes to strengthen the Town’s approval process by utilizing the skills and experience of local residents who have experience in real estate development and finance – and by keeping in touch with residents’ wishes.”

 

As its first “analysis”, this entity has embarked on a mission to scuttle the proposed re-development of the Brynwood club into an active adult community for affluent empty nesters. Regrettably, in email after email, this group has disseminated mis-information that is designed to cause confusion and unwarranted anxiety about the project.

 

As the late U.S. Senator Daniel Patrick Moynihan so eloquently stated during one of his debates: “…one is entitled to his own opinions but one is not entitled to his own facts.” Here are the basic facts about Brynwood drawn from expert analyses submitted to the Town in the Draft Environmental Impact Statement (DEIS):

 

  • Brynwood’s plans call for the creation of a world-class country club community designed for affluent “empty nesters” and retirees. With a renovated golf course and new clubhouse, the residential community will offer a new housing alternative to baby boomers who want to stay in the area after their children have grown up and they have sold their large homes. Please click on www.brynwoodvision.com for more detail.
  • The project will generate (on a recurring basis) over $1 million of gross revenue and almost $700,000 in net revenue to the school district without any meaningful increase in school-age children.
  • Notwithstanding the fact that  Brynwood  has drilled test wells and established its own water supply, it has offered to explore  joining the Windmill Farms water district and may contribute over $1 million for that privilege – this would help reduce Windmill residents’ debt costs on their existing project to replace their water pipes  and improve their service.
  • The combination of condominium property taxes and the club-house’s property taxes paid to the Town will be approximately equal to the property taxes anticipated for single family homes — which are the alternative plan to the Brynwood country club community. However, on a net basis, the condominium plan generates far more to the town and the Byram Hills schools than a single family home subdivision.
  • The proposed plan calls for the preservation of over 140 of the 156 acres of green open space forever and the upgrade of an out of date facility.  It will maintain a valuable local amenity that has been fixture in North Castle since the 1960’s.
  • An active adult community with affluent residents who have substantial disposable income, will be an economic boon for Armonk’s merchants and other service providers in the surrounding area   Brynwood also happens to be one of largest employers in the area of local teenagers.

 

Should you have any further questions or comments, please contact us so we may respond to you directly. We believe in the Town of North Castle, deeply respect its careful approval process (through which we are currently navigating), and are committed to improving the lives of all who call it home — our success is closely tied to the Town’s and vice-versa. We hope you agree and see the merits of the Brynwood plan.

 

Respectfully submitted,

 

Jeffrey B. Mendell                Edward Baquero jbmendell@gmail.com         ebaquero@corigin.com

Downtown Armonk’s Water District seeks more water | Armonk Real Estate

Downtown Armonk’s Water District seeks more water and more water storage, according to North Castle’s Director of Water and Sewer Operations, Sal Misti. Director Misti spoke with allaboutarmonk.com about North Castle’s Water District #4.

The Water District #4 includes customers in Whippoorwill Hills, Whippoorwill Ridge, Wampus Close, and downtown Armonk’s commercial accounts, a total of about 370 accounts. There are an additional 117 homes in Whippoorwill that are in Water District #5, which are supplied by Water District #4.

Water District #4 uses four existing wells. The two wells located in Armonk’s Community Park are in good shape. But because of the close proximity of these two wells, they can only be run efficiently one at a time. During peak usage periods, other sources of water are needed. Monthly water usage over the past three years, at peak times such as in July 2010, was recorded as 600,000 gallons per day. During the summer, irrigation systems put a strain on the water supply.

The two other District #4 wells are located on School Street. These original wells were built in 1991 by the US Environmental Protection Agency. One is in bedrock and the other is a gravel-packed well. They are located next to each other, but draw from two different aquifers. The gravel-packed well is developed with a screen in the bottom of a column with a pump inside packed with fine sand. The gravel filters the incoming water which develops into the water supply. The wells have a limited yield because they require treatment due to the presence of iron and magnesium in the water. The treatment limits the wells’ production to about 100 gallons of water per minute from both wells.

The underground water quality in the District’s property has been tested for possible future wells to increase the water supply to downtown Armonk. But building new wells for public water sources requires a significant amount of regulations and conditions for approval from Westchester County’s Health Department. Misti explained, “It is quite a task to get a municipal well approved, it takes years.”

There are two wells in the Whippoorwill Ridge area on Old Route 22 that were taken out of service about 12 years ago because of high iron content. These two will require some treatment, but could add about 45 gallons per minute. The hydrologists recommend bringing the Whippoorwill Ridge wells back online to add much needed water to the system. Months of work is required to fix them; a request for proposal is required for the necessary work to surge and clean the wells, change the filters, and check the pumps.

IBM built its own wells at Business Park field in 1960s. The IBM infrastructure was approved and then turned over to Water District #4 to become part of the distribution system. IBM donated the park property to the town’s water district and extended the water main infrastructure to Maple and Bedford Road. The main line was continued to Whippoorwill Ridge on Old Route 22, across Route 22 and up to IBM’s facility. Public water became available for the Old Route 22 area.

 

read more…

 

http://www.allaboutarmonk.com/development/

Existing Home Sales Crush Expectations, Surge 6.5% | Bedford Corners Homes

Existing home sales crushed expectations climbing 6.5% in July to an annualized pace of 5.39 million units. This was up 17.2% year-over-year. 

June’s numbers were revised lower to show a 1.6% fall to 5.06 million units.

Meanwhile, total housing inventory was up 5.6% at the end of July to 2.28 million. This represents a 5.1-month supply at the current sales pace. The median time that most homes spend on the market was 42 days in July, this is up from 37 the previous month

The national median price for existing homes was 13.7% higher than a year ago at $213,500. This is the seventeenth straight monthly rise. A key finding was that first time buyers were down from 34% of all purchases a year ago, to 29% this time around.

Distressed homes, which include foreclosures and short sales accounted for 15% of July sales, the same as June.

Economists have been watching for the impact of the run up in mortgage rates on existing and new home sales. The 30-year mortgage rate stands at 4.4% according to Freddie Mac’s primary mortgage market survey (PMMS).

“Mortgage interest rates are at the highest level in two years, pushing some buyers off the sidelines,” said Lawrence Yun chief economist at NAR in a press release.

“The initial rise in interest rates provided strong incentive for closing deals.  However, further rate increases will diminish the pool of eligible buyers.”

Economists at Credit Suisse expect existing home sales to fall to the lowest level in three months and post the first consecutive decline in over two years.

“One percent increases in mortgage rates over a two-month span are rare,” they write. “When they have happened in the past, home sales — both existing and new — usually register a monthly decline in the second month of the two-month back-up (in our case, that’s July).”

But their July monthly survey of real estate agents showed that most buyers don’t expect mortgage rates to go much higher and they’re waiting to see if there’s a pullback in rates that could create a buying opportunity.

“There is still not a lot to choose from for homebuyers, and this tight inventory continues to limit sales gains.  Other headwinds include tight underwriting standards, protracted bank approval processes, and a delayed selling process.”

Existing home sales account for a larger share of the market than new homes.

 

 

Existing Home Sales Crush Expectations, Surge 6.5% – Yahoo! Finance.

Live Green Connecticut! Festival Comes To Norwalk In September | Pound Ridge Homes

The fourth annual Live Green Connecticut! festival will be held on Saturday, Sept. 14 and Sunday, Sept. 15 at Taylor Farm Park in Norwalk.

The two-day festival will promote environmental education, business, non-profit organizations, green technology, recycling, conservation, health and wellness, climate protection and sustainable living. Eco-friendly businesses will showcase their green and sustainable products and services.

Live Green Connecticut! will feature eco-friendly transportation with over twenty cars on display including Tesla, Lexus, Volvo, Nissan, Toyota, Subaru, and Frito-Lay’s gas-powered truck.

The Ford Go Further Tour will also be returning this year with six eco-friendly cars available for test drives. Anyone who completes a test drive will be given a food voucher worth $15.00 which can be used at the Live Green Connecticut! food exhibitors.

Admission to the festival is free.

For more information, please visit livegreenct.com.

 

Live Green Connecticut! Festival Comes To Norwalk In September | The New Canaan Daily Voice.

Facebook Reveals Most Users Are Mobile: This Week in Social Media | North Salem Realtor

Welcome to our weekly edition of what’s hot in social media news. To help you stay up to date with social media, here are some of the news items that caught our attention.

What’s New This Week?

Facebook Reveals 78% Of US Users Are Mobile: TechCrunch reports “a new level of transparency from Facebook will help the world see whether its mobile growth is entirely propped up by international users that don’t earn the company as much money.”

Facebook mobile users continue to grow.

 

Yelp Introduces the Ability to Write and Publish Reviews on Mobile: “Yelpers can now contribute their useful, funny and cool reviews directly from their Yelp mobile application (available today on iOS and coming soon to Android).”

“Any photos that a Yelper has taken of the business they are reviewing will now appear in-line with their mobile reviews.”

Google+ Adds SoundCloud Embeds: SoundCloud works “together with Google to make it easier than ever to reach your audience by sharing sounds to Google+.”

12 Ways to Get More Pinterest Followers | South Salem Realtor

Are wondering how to get more Pinterest followers?

Are you looking to increase your Pinterest engagement and drive traffic?

In this article, I’ll share 12 tips on how you can get more Pinterest followers and promote your business.

Why More Pinterest Followers?

More Pinterest followers can help you get more likes, repins, comments, clicks and impressions.

This can then help drive traffic, increase sales, generate leads and build your Pinterest brand.

It also provides an opportunity for you to generate more engagement with your customers.

Here are the tips:

#1: Add the Pinterest Follow Button

The Pinterest follow button diverts website visitors to your Pinterest page, thereby attracting followers. This can be effective if you have a high-traffic website.

Install the button in several prominent places on your website and blog—the header, footer, sidebar, etc. Make it easy for people to find your brand page and convert them into followers.

To create your button, use the widget builder page on Pinterest or create a custom button that matches your branding

 

 

read more…

 

http://www.socialmediaexaminer.com/how-to-get-more-pinterest-followers/

 

Single-family home construction slips in July | Bedford Corners Real Estate

U.S. housing starts  rose 5.9 percent month over month in July to a seasonally adjusted rate of 896,000, and were up 20.9 percent from a year ago, according to a monthly report from the U.S. Census Bureau released today.

The increase was powered by a sharp rise in multifamily construction. Construction of single-family homes actually dropped by 2.2 percent.

Source: U.S. Census Bureau

– See more at: http://www.inman.com/wire/single-family-home-construction-slips-in-july/#sthash.XoeKv5es.dpuf

Down To Earth Farmers Markets | Chappaqua Real Estate

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Fresh Food from Local Sources – August 22nd-28th, 2013 Down to Earth Markets
What’s New and in Season This Week
Apple Harvest Bread:                                     Cinnamon Raisin Swirl                                     with Hudson Valley Apples Meredith’s Breads
Bartlett Pears
Mead Orchards Cut Flowers Locust Grove Fruit Farm Caraflex Cabbage Rexcroft Farm
Cinnamon Streusel Cake Baked by Susan Donut Peaches Migliorelli Farm
Eggplant Varieties                                     John D. Madura Farms                                     Migliorelli Farm                                     Rexcroft Farm                                     Fresh Shallots R & G Produce
Ginger Gold Apples Mead Orchards
Green Peppers Taliaferro Farms
Haricot Verts Taliaferro Farms Heirloom Tomatoes Alex’s Tomato Farm                                     Migliorelli Farm                                     Rockland Farm Alliance
Melons Alex’s Tomato Farm Onions John D. Madura Farms Plums Mead Orchards                                     Migliorelli Farm

Mount Kisco NY Real Estate Weekly Report | Mount Kisco NY Homes

Mt Kisco   NY Weekly Real Estate Report8/22/2013
Homes for sale45
Median Ask Price$599,000.00
Low Price$280,000.00
High Price$3,950,000.00
Average Size3091
Average Price/foot$328.00
Average DOM124
Average Ask Price$1,072,287.00