Real Estate Market Sales Murray Avenue Elementary School Area Six Months Ending June 30th, 2019

While I have posted a blog about the first six months of the 2019 real estate market in general ending on June 30th, I also wanted to post the homes sold in the different Elementary School Districts for a better appreciation of the different areas, different price points.

The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.

Here are the market stats for the Murray Avenue Elementary  School District:


Mamaroneck is GREAT!

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Real Estate Market Sales for Columbus Elementary School District Ending June 30th, 2019

While I have posted a blog about the first six months of the 2019 real estate market in general ending on June 30th, I also wanted to post the homes sold in the different Elementary School Districts for a better appreciation of the different areas, different price points.

The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.

Here are the market stats for the Columbus Elementary School District:

The highest sold single family home was $655,000.

New Rochelle is GREAT!

 

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Real Estate First Six Months Ending June 30th, 2019 Jefferson Elementary School Area New Rochelle

While I have posted a blog about the 2019 real estate market in general ending on June 30th, I also wanted to post the homes sold in the different Elementary School Districts for a better appreciation of the different areas, different price points.
The stats are referencing absorption rates.

We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.

Here are the market stats for the Jefferson Elementary School District in New Rochelle:

 

There were no homes sold over $582,000.

New Rochelle is GREAT!

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Real Estate Market Stats Six Months Ending June 2019 for Central Elementary Area School District

While I have posted a blog about the 2019 real estate market in general ending on June 30th, I also wanted to post the homes sold in the different Elementary School Districts for a better appreciation of the different areas, different price points.

The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.

Here are the market stats for the Central Elementary School District in Mamaroneck, 10543:

Mamaroneck is GREAT!

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Webster Elementary School Real Estate Area Market Stats First 6 Months 2019

While I have posted a blog about the 2019 real estate market in general ending on June 30th, 2019, I also wanted to post the homes sold in the different Elementary School Districts for a better appreciation of the different areas, different price points.

The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.

Here are the market stats for the Webster Elementary School District:

New Rochelle is GREAT!

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Real Estate Market Stats for the Six Months Ending June 2019 for the Trinity Elementary School Dsitrict Area

While I have posted a blog about the 2019 real estate market in general ending on June 30th, I also wanted to post the homes sold in the different Elementary School Districts for a better appreciation of the different areas, different price points.

The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.

Here are the market stats for the Trinity Elementary School District which also includes the waterfront district:


 

 

 

 

New Rochelle is GREAT!

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Real Estate Market Stats First Six Months 2019 – Davis Elementary School District New Rochelle

While I have posted a blog about the 2019 real estate market in general ending on June 30th,   I also wanted to post the homes sold in the different  Elementary School Districts for a better appreciation of the different areas, different price points.

The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market  as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers,  greater advantage for buyers.

Here are the market stats for the George M.  Davis Elementary School District:

There were no sales for properties over 2 Million Dollars in the first six months.

New Rochelle is GREAT!

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New Rochelle, Larchmont & Mamaroneck Real Estate Market Report JANUARY – JUNE 2019

The new Mansion tax took affect on July 1st of this year in New York City, and so this really is THE perfect time to purchase a home in Westchester. Not only were the Mansion Tax rates increased (see below), but also the Transfer Tax in New York City was increased also.  Sales in the city had softened in the last several years partly due to an increased inventory of higher priced  new construction properties which in turn, created a softer market in Westchester.  However, with the announcement of the new increased city Mansion tax, savvy buyers took advantage, and sales greatly increased in the first six months in the city,  resulting in a significant sales growth in the $2-5 Million price range setting a new record with buyers trying to avoid that new Mansion Tax. Not only that, but the Transfer Tax was also increased in the city too rising from 0.4% to 0.65% per $1000.

With sales in the higher priced properties in Westchester being softer, this all indicates a GREAT time in which to invest in a wonderful home in Westchester, perhaps at a lesser cost, and yet still be close to the city. There is always a trickle down effect from the city to the suburbs in sales, and if  sellers weren’t able to sell  their luxury condos and coops at optimum prices, many chose to remain in the city.  That affected the higher priced homes in Westchester. That, and the new property tax structure ( only being allowed to deduct $10,000 of the property tax, and only up to $750,000 in the mortgage interest) ,  resulted in sluggish sales. Buyers were seeking value (and still ARE!).  Homes in the $500,000 – $600,000 were going into multiple bidding situations throughout Westchester  as those homes generally had lower taxes, and with interest rates dropping too, they became the first time home buyer’s choice. Luxury homes have been a different story. Also, many Millennials don’t seek the larger homes, and I have also seen a large amount of rentals this year. Buyers are taking their time in buying a home.

Bearing in mind that if the Manhattan or Brooklyn home owner chose not to sell their home before July 1st perhaps making a future sale a tad harder for them,  they can still benefit from a well priced home in Rye, Larchmont, Mamaroneck, and New Rochelle which perhaps could make up for that differential in price point.

Purchase Price Mansion Tax
Less than $999,999 0.00%
$1,000,000 – $1,999,999 1.00%
$2,000,000 – $2,999,999 1.25%
$3,000,000 – $4,999,999 1.50%
$5,000,000 – $9,999,999 2.25%
$10,000,000 – $14,999,999 3.25%
$15,000,000 – $19,999,999 3.50%
$20,000,000 – $24,999,999 3.75%
$25,000,000 or more 3.90%

The statistics below are based on the recorded sales as of January 1st, 2019 – June 30th, 2019.  While I have listed Larchmont, Mamaroneck and New Rochelle in single family homes sales totals,  please see the separate blog posts for the different elementary schools.

These stats are reflecting the absorption rates of each area. We always refer to absorption rates as negative, positive and balanced. A balanced absorption rate would be 5-6 months of inventory.  04 months would reflect a seller’s market, and over 6 months would reflect a buyer’s market.

As you can see from the statistics below, Mamaroneck right now is indicating a balanced market, Larchmont and New Rochelle are indicating a buyer’s market.  It is a GREAT time in which to purchase a home! Interest rates are low!!

Market Watch link – 

William B. Ward School Real Estate Area Stats First Six Months 2019

George M. Davis Elementary School Real Estate Area Stats First Six Months 2019

Columbus Elementary School Real Estate Area Stats First Six Months 2019

Trinity Elementary School Real Estate Area Stats First Six Months 2019

Webster Elementary School Real Estate Area Stats First Six Months 2019

Murray Avenue School Real Estate Area Stats First Six Months 2019

Chatsworth Elementary School Real Estate Area Stats First Six Months 2019

Central Elementary School Real Estate Area Stats First Six Months 2019

Mamaroneck Avenue Elementary School Real Estate Area Stats First Six Months 2019

Westchester is GREAT!

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2019 Top 25 New Rochelle High School College Choices

New Rochelle High School by Gay Rosen

 

 

I always like to attend the award ceremony to see which colleges the top 25 students will be attending. They are all so very accomplished, and I am always so impressed with their individual accomplishments.

Here are the choices for this year!

  1. Dartmouth College – 105,175 unweighted average- Major Math/Computer Science /Government (still undecided)
  2.  University of Michigan – 104.82 Unweighted Average
  3.   Cornell – 104.51 Unweighted average – Neuro Science
  4.   Villanova – 104.41 Unweighted Average – Business
  5.   Boston University – 104.39 Unweight Average – Research in Medicine
  6.   Fordham University – 104.08 Unweighted Average – Pre-Med (also has a patent on a     wall climbing vehicle).
  7.   University of Michigan – 104.03 Unweighted average – Finance /Business &                       Technology
  8.   Harvard – 103.95 Unweighted Average – Law
  9.   Stonybrook – 103.93 Unweighted Average -Computer Science/Artificial Intelligence
  10.   Vassar- 103.5 Psychology
  11.  Middlebury College – 103.25 Unweighted Average – Dentistry
  12.  Boston University – 103.3 Unweighted Average
  13.  Connecticut College – 103.49 Unweighted Average English
  14.   New York University  – 103.54 Unweighted Average – Civil Engineer
  15.   Barnard College – 103.12 Unweighted Average – Cardiology
  16.   UCLA – 102.67 – Unweighted Average Acting
  17.   Northeastern University – 102.2 Unweighted Average – Climate Change
  18.   School of Visual Arts – 101.84 Unweighted Average – Graphic Animated Novels &         Masters in Art
  19.   Purdue – 101.738 Unweighted Average – Aerospace Engineer
  20.  Virginia Tech- 101.6 Unweighted Average – Mechanical Engineer
  21.  University of Chicago – 101.45 Unweighted Average – Education
  22.  St Johns – 100.10 Unweighted Average – Pharmacy
  23.  Amherst – 100.09  Unweighted Average –
  24.  Wake Forest – 100.077 Unweighted Average –
  25.  University of Florida – 100.055 Unweighted Average

 

New Rochelle is GREAT!

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Rochelle Heights Tennis Club – 10801

It is such a great private club that you would think more people are aware of it! Just 2 red clay tennis courts (did you know a clay tennis court makes it  easier on the knees?) . The Rochelle Heights Tennis Club is located on the Boulevard East in New Rochelle, and new members pay only $200 for the first season.  In trying to see how many red clay tennis courts there are in the US, I could not find an exact number but it would seem there are not too many.

If you live in the Rochelle Heights area then it is $350 for the tennis season, and just $325 if you are a continuing member. Why just $200 for new members who do not live in Rochelle Heights?  Simply because they wish to attract more members so the courts can be utilized more, and enjoyed by more tennis players!

The Rochelle Heights Neighborhood Association held a nice get together at the tennis courts recently too!   (June 7th)   5:30PM – 7:30PM ” Red Clay & Rosé event at the tennis courts.”

I also just learned that various neighbors ‘adopt’ a traffic island. Margaret Chadwick (President of the Rochelle Heights Neighborhood Association) adopted the island  by the entrance to The Serpentine, and it is beautiful!

Click here for a quick description between the differences of tennis courts!

New Rochelle is GREAT!

 

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