Barry Kramer, John Crittenden & Westchester Choice Realty
"Welcome to our Weekly Real Estate Newsletter About New Properties,
Open Houses and Real Estate Information You Can Use.
Homes - Co-ops - Condos - Sales - Rentals - TOP 10 Westchester Realtors
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THIS WEEK'S REAL ESTATE NEWS YOU CAN USE:
2nd Quarter Sales Results Posted By the Westchester-Putnam Board of Realtors
The Westchester and Putnam County real estate market experienced its third consecutive, post-recession, year-to-year increase in volume in the second quarter of 2010. Realtor firms participating in the Westchester-Putnam Multiple Listing Service, Inc. reported a total of 2,073 closed transactions in Westchester County, a 69% increase over last year’s second quarter level.
On a seasonally adjusted basis, the second quarter sales in Westchester ran at a rate of about 8,200 units per year, a 20% increase over the first quarter rate. That level of sales was characteristic of the period from 1996 to1997 which was very strong but still a half-dozen years away from the market peak of 2002 to 2006.
Volume surged in response to the federal tax credit program that required the contracts for eligible transactions to be signed by April 30 and closed by June 30. (The recent extension to September 30 for closings had little to no effect on transactions in progress during the second quarter.) It must also be noted that sales volumes during the first half of 2009 were exceptionally low and that almost any increase in sales would have yielded notable percentage calculations. Still, there was more than enough overall momentum in the second quarter to support a view that an intrinsic recovery was rooted then that did not depend entirely on the stimulus program. Low mortgage interest rates and moderate price reductions also brought purchasers to the closing table.
Condominium and co-operative unit sales were bulked up by a fairly significant across-the-board price relaxation. The median sale price of a Westchester condo - $352,250 – was 6% less than in 2009. The co-op unit median of $169,500 was 5% less. These are the categories that are the most affordable to first time buyers and would have been most likely to have benefited from the tax credit program.
Single-family house prices, on the other hand, experienced an 8% price increase, from $565,000 in 2009 to $607,500 in the second quarter of 2010. However, nearly half of that increase was attributable to the expanding market share of the high-end, $1 million-plus sector that accounted for 20% of all house sales during the second quarter. That figure was 18% in the first quarter of 2010 and 17% in the second quarter of 2009. Percentages in excess of 28% were common during the peak pre-recession quarters. But setting aside the million dollar properties, the median sale price of a Westchester house was $530,000 this past quarter, a 4% increase over the $507,250 median in 2009, indicating that pricing as a whole is slowing trending upwards.
Welcome Our New Agent, Debra Celli
Debra Celli has been active in real estate since 2006, starting out in the business with residential & commercial rentals. Since then, she has gained extensive experience in all aspects of the industry. Debra works with Buyers, Sellers as well as Investors throughout the Tri-State Area, She has the experience to sell real estate as well as provide Leasing and Property Management services for her investors. Whether you are a first time Buyer, homeowner or investor Debra has the experience to get the job done for you.
NEW LISTINGS AND OPEN HOUSES:
2 Bedroom, 1 Bath in Caroline Gardens - $259,000
920 Pelhamdale Ave., Apt. B2F, Pelham, NY
Eat-In-Kitchen - Balcony - Hardwood Floors
Walk To All - Parking Space Included
Studio Rental in Tuckahoe - $900/mo
155 Wallace Street, Tuckahoe, NY
Walk to All - Washer Dryer in Unit - Parking Included
Large Kitchen and Generous Living Room/Bedroom
OUR SINGLE FAMILY HOMES: (Sorted by house number, in ascending order)
Accepted Offer!
3 Bedroom Colonial in Crestwood! - $525,000
182 Pennsylvania Ave., Tuckahoe, NY
Dramatic Living Room with Wood Beams!
Large Dining Room - Fireplace - Garage - Walk to Train!
OUR TWO AND THREE BEDROOM PROPERTIES: (Sorted by house number, in ascending order)
REDUCED!
2 Bedroom, 1 Bath Co-op in Greystone - $170,000
6 Cascade Ave., 1D, Yonkers, NY
Separate Dining Room - Private Cul-De-Sac - Updated Kitchen
Close to All - Parking Right in Front! - All Utilities Included!
2 or 3 Bedroom, 3 Full Bath Duplex PENTHOUSE in Hartsdale - $249,000
80 E. Hartsdale Avenue, Apt. 710, Hartsdale, NY
One of a Kind Penthouse Home - 2 Bedrooms with "Bonus" 3rd Bedroom
Top Floor - Very Close to Train and Shopping - Laundry on Floor
Lots of Updates Including New Kitchen!
REDUCED!
2 Bedroom, 2 Bath in Eton Hall - $321,000
127 Garth Road, Apt. 6H, Scarsdale, NY
Large Corner Apartment - Top Floor - Views of Garth Woods!
Walk To All - 2 Baths - Large Rooms - Updated Kitchen
2 Bedroom, 1 Bath in The Kenilworth - $225,000
142 Garth Road, Apt. 2G, Scarsdale, NY
Lowest Priced 2-Bedroom on Garth Road - Updated Kitchen
Walk To All - Very Short Wait for Indoor Parking
2 Bedroom, 2 Bath in The Colchester - $369,000
143 Garth Road, Apt. 3H, Scarsdale, NY
Faces both Garth Road and Garth Woods! - Updated Eat-In Kitchen
Walk To All - 2 New Bathrooms - Large Rooms
2 Bedroom, 2 Bath in Scarsdale Manor - $369,000
174 Garth Road, Apt. 3S, Scarsdale, NY
Large 2 Bedroom with Courtyard Views - New Appliances
All Utilities Included - Walk to All - Updated Baths
2 Bedroom, 1 Bath in Scarsdale Manor - $289,900
176 Garth Road, Apt. 5P, Scarsdale, NY
Large 2 Bedroom with Updated Kitchen with Granite
All Utilities Included - Walk to All - Updated Bath
2 Bedroom, 2 Bath in Garth Woods - $375,000
235 Garth Road, Apt. C6B, Scarsdale, NY
Large Rooms with Dining Area - 2 Baths! - New Appliances
2 Bay Windows - Walk To All - Doorman!
2 Bedroom, 1 Bath in The Buckingham - $285,000
253 Garth Road, Apt. 5K, Scarsdale, NY
Elegant Prewar Tudor - Multi Exposures
Outside Seating Area - Eat-In-Kitchen
2 Bedroom, 1 Bath Co-op in Palmer Terrace - $249,000
329 Palmer Terrace, Apt. 1E, Mamaroneck, NY
New Kitchen - Washer/Dryer in Unit!
Lush Garden Complex Close to all - Playground on premises!
2 Bedroom in Greystone - Steps From the Train! - $215,000
1080 Warburton Avenue, Apt. 6C, Yonkers, NY
Also for Rent at $1,700/mo
Spacious Two Bedroom - Huge Eat-In-Kitchen
Renovated Bath - Cedar Closets - 2 Walk-in Closets!
OUR STUDIO & ONE BEDROOM PROPERTIES: (Sorted by house number, in ascending order)
1 Bedroom, 1 Bath in Fleetwood - $85,000
19 William Street, Apt. F, Mount Vernon, NY
Walk to Train and Shopping - Renovated Kitchen
High Ceilings - Low Maintenance - Only 10% Down
1 Bedroom, 1 Bath in Edgebrook Estates - $149,500
31 Lawrence Drive, #C, White Plains, NY
Well Maintained Top Floor - Valhalla Schools
Updated Kitchen - Close to All - Great Location
1 Bedroom, 1 Bath in Fleetwood View - $149,000
60 West Broad Street, Apt., 2D, Mount Vernon, NY
Only 10% Down - Updated Kitchen with Stainless Steel and Corian
Walk To Fleetwood Station and Shops - Elegant Prewar Tudor
1 Bedroom, 1 Bath in The Kenilworth - $179,000
142 Garth Road, Apt. 3N, Scarsdale, NY
Eat-In-Kitchen - Only 10% Down Required!
Walk To All - Very Short Wait for Indoor Parking
1 Bedroom, 1 Bath in The Kenilworth - $179,000
142 Garth Road, Apt. 3S, Scarsdale, NY
Eat-In-Kitchen - Only 10% Down Required! - Faces Garth Road
Walk To All - Very Short Wait for Indoor Parking
1 Bedroom, 1 Bath in The Colchester - $189,000
143 Garth Road, Apt. 5L, Scarsdale, NY
Sunny Bright Exposures - Eat-In Kitchen
Walk To All - Classic Tudor Building! - Large Rooms
1 Bedroom, Jr. 4 in Scarsdale Manor - $199,000
194 Garth Road, 5J, Scarsdale, NY
Multiple Views - New Kitchen and Bath
All Utilities Included - Walk to All - Kohler Bath Fixtures
Jr. 4, 1 Bath in Scarsdale Manor - $205,000
198 Garth Road, Apt. 4B, Scarsdale, NY
If we could call this a 2 bedroom we would! - All Utilities Included!
Walk to All! - Dining Room/Den/Nursery/Home Office - Updated Kitchen & Bath
1 Bedroom, 1 Bath in Garth Woods - $175,000
235 Garth Road, Apt. A2F, Scarsdale, NY
Sunny Bright Exposures - Gas and Electric Included!
Updated Kitchen - Walk To All - Doorman! - Corner Bedroom
1 Bedroom, 1 Bath in Garth Woods - $169,000
235 Garth Road, Apt. A5E, Scarsdale, NY
Sunny Bright Exposures - Gas and Electric Included
Updated Kitchen - Walk To All - Doorman!
Jr 4, 1 Bath in Garth Woods - $199,000
235 Garth Road, Apt. B2E, Scarsdale, NY
Views of Tree Lined Garth Road - New Kitchen with Stainless Steel and Silestone
Views of Tree Lined Garth Road - Walk To All - Doorman!
Accepted Offer!
Jr 4, 1 Bath in Garth Woods - $185,000
235 Garth Road, Apt. C6E, Scarsdale, NY
Top Floor - Great Views - Gas and Electric Included - 7 Windows!
Updated Kitchen - Walk To All - Doorman!
1 Bedroom, 1 Bath in the Garth Essex - $164,000
250 Garth Road, Apt. 2G3, Scarsdale, NY
Priced to Sell! - Quiet Courtyard Views
Newly Refinished Parquet Floors - Short Wait for Parking
1 Bedroom, 1 Bath in the Garth Essex - $179,000
250 Garth Road, Apt. 4E3, Scarsdale, NY
Courtyard Views! - New Kitchen - Renovated Bath
Parquet Floors - Short Wait for Parking - Laundry on Floor
1 Bedroom, 1 Bath in The Buckingham - $225,000
253 Garth Road, Apt. 1T, Scarsdale, NY
New Eat-In Kitchen - New Ceramic Tile Bath
Walk To All - Prestigious Tudor Building! - Large Rooms
1 Bedroom, 1 1/2 Bath in the Garth Essex - $215,000
260 Garth Road, Apt. 2E4, Scarsdale, NY
Large Jr.4 with Oversized Terrace! - Laundry on Floor
Dining Area - Short Wait for Parking - Central Air!
1 Bedroom, 1 Bath in the Garth Essex - $179,000
260 Garth Road, Apt. 7J4, Scarsdale, NY
Huge Living Room - Spacious Kitchen - Southern Exposure
Parquet Floors - Short Wait for Parking - Laundry on Floor
1 Bedroom Co-op in Vernon Manor - $79,000
505 East Lincoln Avenue, Apt 208, Mount Vernon, NY
Large Rooms - Hardwood Floors - Park Like Setting
Close to All Major Transportation and Mount Vernon Train
OUR NO-FEE RENTALS: (Sorted by house number, in ascending order)
2 Bedroom Rental in Greystone - Steps From the Train! - $1,700/mo
1080 Warburton Avenue, Apt. 6C, Yonkers, NY
Spacious Two Bedroom - Huge Eat-In-Kitchen
Renovated Bath - Cedar Closets - 2 Walk-in Closets!
Additional No Fee Rentals Available!
All of Westchester!
Call 914-725-4020 For Details!
JUST SOLD AND PENDING SALES: (Sorted by house number, in ascending order)
Just Sold This Week!
235 Garth Road, Apt. A6D, Scarsdale, NY
Pending Sales:
2 Lockwood Ave., Apt. 1D
12 Old Mamaroneck Ave., Apt. 6K (rental)
105 Garth Road, Apt. 1C
143 Garth Road, Apt. 6N
174 Garth Road, Apt. 1Q
187 Garth Road, Apt. 2H
240 Garth Road, Apt. 4E2
260 Garth Road, Apt. 3H4
260 Garth Road, Apt. 7G4
615 Palmer Road, Apt. 102 (rental)
1122 Yonkers Ave., Apt. 3D, Yonkers, NY
ADDITIONAL INFORMATION:
To help you with your selling or buying needs
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"Garth Road's #1 Neighborhood Realtors"
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914-725-4020 or Toll Free at 888-628-0687
All of Westchester - Garth Road Co-ops - Hartsdale Co-ops
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It's A Great Time To Buy - Low Interest Rates - Great Inventory!
If you're thinking of selling we can help!
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We are Award Winning Realtors Ranked In The TOP 10 of Westchester Realtors!
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We are #1 in Westchester Co-op Sales, and #1 on Garth Road!
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Our Mortgage Partners - Great Rates and Service!
Timothy Kary - DLB Consultants, Inc. - 914-260-4823 -
Tkary@msn.com
Call Us For All Westchester County Including:
Our Team of Professional Agents:
Patricia LaRussa Charles Gemmill Kyle Hambas
Maria LaValle Richard Halvorsen Mara Gottlieb
Katrina Alexander Cynthia Medlock Terry Velivasakis
Ryan Mihalo Chris Jordan DebraCelli
Administrative Assistants and Transaction Coordinators:
Monique Redish Martin Michael Bruno
Our Listings are Featured on:
Member Westchester - Putnam Multiple Listing Service
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