74 Hillandale Drive -Public Open house Saturday March 24th, 1-3 p.m.

Please join me at this spectacular 4200 sq. ft., 6 bedroom, 3.5 bath Colonial that has been meticulously renovated and re-positioned to reflect the desired lifestyle of today’s discerning buyers, and all located on 0.345 of an acre.

The gorgeous open floor plan features A Bilotta kitchen w Wolf & Sub Zero appliances, Signature Cabinetry cabinets, a 4’x10′ island and is perfect for large gatherings. The living room with its new blue stone fireplace leads to a large patio, and the owners leveled the rear yard to maximize the large property, planting fruit trees, a vegetable garden, new fencing, and a new retaining wall. Lush arborvitae abounds. The first floor also offers 2 bedrooms, 1.5 new baths and laundry area for convenience. There is a large den, a playroom, and the 2 story entrance foyer is sleek and stylish. Do you like walk-in closets? Well, the 4 second floor bedrooms all have them! The Master Bedroom & bath has a sitting area too, & there are 3 additional bedrooms and hall bath. So many upgrades! All just 35 minutes to New York City. This beautiful home is being offered at $1,399,000 and the open house is from 1-3 p.m.

New Rochelle is GREAT!

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22 Colonial Avenue Public Open House 1-3 March 11th

Join Camie Tobias this Sunday, March 11th, 2018 from 1-3 p.m. at 22 Colonial Avenue, being offered at $1,250,000. With its great Location, short walk to the trains, elementary school, village, fine dining, and just 40 minutes to NYC., this sunny,4 bedroom, 2.5 bath, 2859 square foot Tudor home located on 0.14 of an acre shows beautifully. Built in 1980 by the current home owner who wanted to ‘create a light filled home epitomizing warmth throughout” this charming home will not disappoint. There is a large eat-in kitchen with a step-down to a den and fireplace. Sliding doors to the rear yard and easy access to the deck and fenced yard too. The second floor features 2 spacious bedrooms, a hall bath and a laundry area. With just 4 steps up to the large third bedroom, and the huge master bedroom with it’s Cathedral ceiling offering an en suite bathroom, and so many closets. There is a central vacuum, gas heat, central air conditioning, hardwood floors throughout, a skylight, newer roof, and an attached one car garage. Perfect! Over Assessed! Taxes can be grieved!

 

For over a decade, Camie has been successfully committed to winning for her clients. Before joining Julia B. Fee Sotheby’s International Realty, she was a successful trial attorney in New York City and honed her negotiation and mediation skills.  Camie has developed a substantial career in analyzing stressful situations and applies her mediation skills to her real estate transactions ensuring successful and satisfactory results for her clients.

Camie was also a participant in the the Julia B. Fee Sotheby’s International Realty’s Imagine Lab, which is a program that changes the face of real estate.  Focused on the latest marketing and technological advancements in real estate for optimal results. From her involvement in the program, Camie is specially trained in hospitality, cutting-edge technology, and concierge services.

Currently residing in the Shore Acres area of Mamaroneck, Camie, her husband and two young children often enjoy the benefits of suburban life and their community. A former NYC resident for over ten years, Camie has an intimate appreciation of the difficulties entailed in transitioning to a new area and lifestyle. With a substantial amount of local knowledge and a market specialist, she provides her clients with the most exceptional experience possible.

Larchmont is GREAT!

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Movie Theater to Return to Mamaroneck!

Vacant since 2014, the Mamaroneck Playhouse was purchased by a New York Real Estate Company, Blue Zees  from Bow Tie Cinemas for $2 Million Dollars, and it is on target to re-open later this year! The movie Theater will be re-opened in the fall as a six screen movie theater. All great for the local residents! I can recall taking my children there many times when they were younger. I am so happy to see it will be brought back to life in this great town.

 

 

 

 

 

Mamaroneck is GREAT!

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Public Open House 589 Quaker Ridge Road, 10804 2/25 – 2:30-4:30 p.m.

Join Jennifer LaRue  at 589 Quaker Ridge Road this upcoming Sunday from 2:30-4:00 p.m. at an open house.  When the current owners first saw this home with its natural light, huge kitchen which opens to a wonderful family room and fireplace, they knew it was the home for them. “The house is so warm & inviting, we love to entertain, how could we not love it!” The kitchen alone offers a 36″ Refrigerator Sub Zero wine storage, Miele Dishwasher, Wolf Double wall ovens, Wolf Warming drawer, Wolf 6 Burner Cook top and Commercial Vent. There is easy access via the sliders to the fenced yard, deck and electric awning. The 3200 sq. ft. home is beautifully appointed with 4 bedrooms, 3.5 baths, and all located on 0.25 of an acre. From its grand entrance foyer to the Master Bedroom en suite with its exquisite bathroom offering a soaking tub and heated glass door frame less shower, this home will please! There is a NEW roof, NEW solar panels, NEW Central Air Conditioning and heating systems, NEW Hot Water Tank, NEW Andersen Sliders, central vacuum, and a skylight too! An additional 1630 sq. ft. in the lower level offers potential too. 35 minutes to New York City. This beautiful home is being offered at $1,120,000.

Jennifer LaRue is a driven, flexible & curious self-starter who thrives on creating engaging delightful client experiences.

Raised in Nashville, Tennessee, Jennifer graduated from Washington University in St. Louis, Missouri with a Bachelors in Fine Arts, before moving to New York City in 2001. While in the city, Jennifer built a successful career in digital marketing, merchandising and technology. She led the charge, building and managing a dozen websites, mobile applications and eCommerce stores for companies like Martha Stewart Living Omnimedia and BMG Columbia House. Her strength lies in making transactions and transitions go smoothly through detailed communication, focused planning, and most importantly calm encouragement.

Jennifer has a thorough understanding of both urban and suburban living after making similar life transitions from New York City to Westchester County. She and her husband, Cern Van Newkirk, currently reside in Mamaroneck with their two young children, Lillian and Max. Jennifer is actively involved in the schools and community, volunteering at Mamaroneck Community Nursery School and Daniel Warren Elementary School. She also spends her time as a Girl Scout Daisy troop leader and member of the PTSA.

With her professional background and partnership with Julia B. Fee Sotheby’s International Realty, Ms. LaRue is best positioned to serve her community and help others turn houses into homes.  Join her on Sunday!

New Rochelle is GREAT!

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2017 New Rochelle Real Market Stats for 10804 – Ward School

Since New Rochelle is a city, and has different zip codes, I always like to break down the home sales prices by zip code, Elementary School and different price points.

New Rochelle 10804 

This would cover both Davis and Ward Schools but since many people search by zip code, I thought I would first include them together, and then separate by Elementary School. However,  since this is by zip code, the 10583 (Davis School) would not be covered in this compilation.

$0-599,000 There were 21 homes sold in 2017 with an average price per square foot of $311.90, sales price to original list price ratio of 93.59%. There were 5 homes that sold over list price.

In 2016, there were 36 homes sold with an average price per square foot of $287.50, and an average sales price to original list price ratio of 94.39%. 10 homes sold over list price.

It  would at first glance appear  that the inventory was lower in 2017 with a slight softening on the sales price. However, when we look into the next price point  of $600,000 -$799,000, we can see that a few more homes were sold  in 2017, so the market indicates that people priced higher based on the stronger sales market, , obtaining a slightly less price per square foot  but still with 25 homes selling over the list price. The market is very robust in this price point.

$600,000- $799,000 There were 76 homes sold in 2017 with an average price per square foot of $318.16, sales price to original list price ratio of 96.47%.  25 homes sold over list price.

In 2016, 68 homes were sold in this price range with an average price per square foot of $325.83, and an average sales price to original list price ratio of 96.07%. 15 homes sold over list price.

$800,000 – $999,000 There were 36 homes sold in 2017 with an average price per square foot of $322.22, sales price to original price ratio of 95.35%.  12 homes sold over list price. 9 homes sold over list price.

In 2016, 33 homes sold in this price range with an average price per square foot of $305.60, and an average sales price to original list price ratio of 94.14%. 7 homes sold over list price.

Once again,  more homes were sold in 2017 in the $800-999,000 price point, reflecting a stronger market in this price range.

In the Million to $1,199,000 price range, prices stayed approximately the same. However, as an active agent, I would interject that the buyers were seeking perfection more so than ever before!

$1,000,000 – $1,199,999 14 homes sold in 2017 with an average price per square foot of $309.62, sales price to original list price ratio of 93.08%. 3 homes sold over list price.

In 2016, 15 homes were sold in this price range with an average price per square foot of $303.96, and an average sales price to original list price ratio of 93.59%. One home sold over list price.

$1,200,000 – $1,499,000 11 homes sold in the price range in 2017 with an average price per square foot of $301.74, and an average sales price to original list price ratio of 94.20%. 2 homes sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $343.53, and an average sales price to original list price ratio of 92.46%. 4  homes sold over list price.

The market was again a tad stronger in 2016 in the higher price ranges  with higher  price per square foot.

$1,500,000 + 4 homes sold in this price category in 2017 with an average price square foot of $316.74, and a sales price to original list price ratio of 90.26%. One home sold at list price.

In 2016, 6 homes were sold in this price range with an average price per square foot of $337.62, and an average sales price to original list price ratio of 86.77%.

William B. Ward School  

When we break down the two elementary schools,  we start to see the different appeal of each area. More homes sold in this price point in 2016, but once again, we are seeing slightly more homes selling in 2017 in the next price point. Price were square foot was quite similar in the lesser priced homes, but increased nicely in the next price point.

$0-$599,000 29 homes sold in this price range with an average price per square foot of $244.64, and an average sales price to original list price of 96.43%. Eight homes sold over the original list price.

In 2016, 43 homes sold in this price range with an average price per square foot of $246.28, and an average sales price to original list price of 94.49%. 3 homes sold over list price.

$600,000 – $799,000 56 homes sold in this price range in 2017 with an average price per square foot of $305.74, and an average sales price to original  list price ratio of 96.06%. 7 homes sold over list price.

In 2016, 51 homes sold in this price range with an average price per square foot of $306.72, and an average sales price to original list price ratio of 96.35%. 6 homes sold over list price.

In the $800,000 – $999,000 price range, the sales were very similar year over year.

$800,000 – $999,000 23 homes sold in this price range in 2017 with an average price per square foot of $288.36, and an average sales price to original list price ratio of 96.19%. 6 homes sold over the list price.

In 2016, 25 homes sold in this price range with an average price per square foot of $289.43, and an average sales price to original list price ratio of 93.35%. 6 homes sold over list price.

In the $1,100,000 – $1,199,000 price range, prices per square foot were higher in 2017 which was great, a few more homes were sold also, but more homes were sold in the $1.2 -$1,499,000 price range  in 2016 and with a higher price per square foot.. So, a little softer in 2017.

$1,000,000 – $1,199,000 18 homes sold in the price range with an average price per square foot of $312.79, and an average sales price to original list price ratio of 93.71%. 3 homes sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $293.87 and an average sales price to original list price ratio of 94.96%. 2 homes sold over list price.

$1,200,000 – $1,499,000 7 homes sold in this price range with an average price per square foot of $300.92, and an average sales price to original list price ratio of 94.86%. 2 homes sold over the list price.

In 2016, 10 homes were sold in this price range with an average price per square foot of $324.52, and an average sales price to original list price ratio of 89.12%. 2 homes were sold in this price range.

$1,500,000 + 3 homes sold in this price range in 2017 with an average price per square foot of $350.48 and an average sales price to original list price ratio of 89.90%. One home sold over list price.

In 2016, 4 homes were sold in this price range with an average price per square foot of $318.53, and an average sales price to original list price ratio of 81.99%. One home sold over list price.

It is always interesting to see how certain homes sell, and some don’t, and when I look at the higher priced sold homes  (over $1.5), it should be noted that one new home sold in 2017, plus two beautiful homes  (one with a profit from when it was purchased, and the other home sold for $580000 less than its original sales price. This tells us that the market was not sustaining the higher priced homes in this area.

New Rochelle is GREAT!

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Murray Avenue 10538 Real Estate Market Stats for 2017

A very desired area, with the homes in easy access to the village and trains, Larchmont residents love living here,  and why not?

Murray Avenue Elementary School

 The inventory was far lower in 2017, in the different price points up to $1,199, 000 Million. A similar number of homes sold in the higher priced homes over $1.2 Million.  

$0- $999,000 There were 21 homes sold in 2017 in this price range ranging from $630,000 to $823,340 with an average price per square foot of $468.54 and a sales price to original list price ratio of 97.40%. 8 homes sold over list price.

In 2016, 40 homes sold in this price range with an average price per square foot of $468.65, and an average sales price to original list price ratio of 98.14%.

$1,000,000 – $1,199,000 Six homes sold in this price range in 2017 with an average price per square foot of $466.94 and an average sales price to original list price ratio of 99.02%. Four of the six homes sold over list price.

In 2016, 25 homes were sold in this price range with an average price per square foot of $514.27, and an average sales price to original list price ratio of 101.47%. 14 homes sold over list price.

$1,200,000 – $1,500,000 15 homes sold in this price range with an average price per square foot of $515.02 and an average sales price to original list price ratio of 101.52%11 homes sold over list price.

In 2016, 18 homes sold in this price range with an average price per square foot of $504.86, and an average sales price to original list price ratio of 102.50%. 11 homes sold over list price.

$1,501,000 – $1,999,99919 homes sold in this price range with an average price per square foot of $494.67, and an average sales price to original list price ratio of 100.65%. 11 homes sold over the list price.

In 2016, 22 homes were sold in this price range with an average sales price to original list price ratio of 99.78%. 11 homes sold over list price.

$2,000,000 and higher!  10 homes sold in this price range with an average price per square foot of $468.01 and an average sales price to original list price ratio of 91.30%.

In 2016, 11 homes sold in this price range with an average price per square foot of $470.84, and an average sales price to original list price ratio of 92.48%. 3 homes sold over list price.

In looking at the different price points, we can readily see that the inventory was far less in 2017, and consequently there were more homes sold in 2016 than in 2017. 2018 looks to be very promising and we shall see! The buyers are out there!

Larchmont is GREAT!

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2017 New Rochelle 10805 Real Estate Market Stats by Gay Rosen

This school district and zip code also covers the waterfront communities , and so you will always see a vast disparity in sales prices, depending upon where the home is located. People love water views!  More homes sold in 2016 in the price ranges up to $799,000. Prices were similar in the home sales over $1.2 Million.

To make it easier, I have broken down the sales by different price points.

$0-$599,000 23 homes sold in this price range with an average price per square foot of $254.25, and an average sales price to original list price ratio of 96.07%. 7 homes sold over list price.

In 2016, 36 homes were sold in this price range with an average price per square foot of $262.55,and an average sales price to an original list price ratio of 96.74%.

$600,000 – $799,000 7 homes sold in this price range with an average price per square foot of $277.48, and an average sales price to original list price ratio of 96.98%. 2 homes sold over list price.

In 2016, 12 homes were sold in this price range with an average price per square foot of $273.25, and an average sales price to original list price ratio of 97.22%. 3 homes sold over list price.

$800,000- $999,000 One home sold in this price range with a price per square foot of $265.97, and an average sales price to original list price ratio of 90.90%.

In 2016, no homes were sold in this price range.

$1,000,000 – $1,199,000  Nothing in this price range was sold.

In 2016, no homes were sold in this price range.

$1,200,000 – $1,500,000 Two homes sold in this price range with an average price per square foot of $487.43, and an average sales price to original list price ratio of 97.41%.  One home sold over list price.

In 2016,  2 homes were sold in this price range with an average price per square foot of $495.47, and an average sales price to original list price ratio of 91.38%. One home sold over list price.

$1,500,000 – 4 homes sold in this price range with an average price per square foot of $348.46 and an average sales price to original list price ratio of 94.78%.

In 2016, two homes were sold in this price range with an average price per square foot of $401.20, and an average sales price to original list price ratio of 94.14%.

Please visit Sotheby’s Market Watch for more in depth real estate market trends.

I am here for all of your real estate needs!

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One Pelham Road Unit #3, New Rochelle – Public Open House 2/25 12-2 p.m.

Great condo with water views !!!  Please join Kate Mercado at a  Public Open house 12-2 p.m. Sunday February  25th, 2018.  A simply wonderful 2133 sq. ft. 4 bedroom, 3.5 bath Condo Townhouse with views of the Long Island Sound, the Marina, and is both close to the beach and trains. This sunny townhouse has been freshly painted throughout, brand new carpeting that will captivate, and newly refinished hardwood floors.

This unusual town house has not one but two separate garages, a private rooftop terrace that offers water views, and is perfect for entertaining. The first floor entrance foyer leads to the living room, dining room, modern kitchen and the master bedroom and bath. The second floor offers an additional 2 bedrooms and hall bath.

The lower level has a large family room, bedroom, bath and laundry area. With its skylight, this light filled home has so much to offer. Just 35 minutes to New York City! Perfect!  This town home is being offered at $575,000.

Kate upholds a high standard of professionalism that was cultivated during her almost decade long career as an Art Therapist. This background in service to the unique needs of each individual and to complete client satisfaction has helped Kate to become a multi-award winning agent in 2016. Kate has closed dozens of deals representing both sellers and buyers by making herself readily available with prompt response time to client communications.

New Rochelle is GREAT!

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Real Estate Market Stats – Larchmont & Mamaroneck 2017

While I had wanted to post year end stats in a detailed breakdown by price point and zip code for each town, I also wanted to wait and a see how the year was PROGRESSING.  What will the effects be with their new tax laws in each town, how will  classroom sizes in Larchmont be affected?

Each year brings new challenges whether for the buyers or sellers, and we, as Realtors, endeavor to sense how the market will develop even though past sales always play a huge part in pricing.

I realize that real estate can be touted across the United States as being strong, great, a seller’s market, etc., but we must always look to the real estate on a local level. Always. There are always market trends locally that will dictate how we list, price a home, and aid us in the bidding process also.

As I am writing this newsletter, I am hearing of multiple bidding in Larchmont which proves yet again that the area with its European flavor attracts buyers, the schools have great stats, and the School Board and Superintendent of Schools,  Dr. Shaps, are working hard to keep parents informed on the subject of overcrowding and the possible solutions to keep everyone happy.

The buyers are ‘out there’. When we look at the sales stats below, we can readily see that homes priced less were more apt to sell quickly, and there was a softening the higher priced homes in all areas.  Buyers as a rule do not want to ‘do the renovation themselves’ and are seeking homes that are renovated. Interest rates were low, and still are (Fixed rate right now around 3.78 for a 15 year fixed loan), but it is always easier to buy a renovated home as the renovation costs have been incorporated into  the sales price.. It will be interesting to see if  the inventory will be larger in Larchmont this year, and where the sales will go. (I will cover that mid year!).

Murray Avenue Elementary School

 The inventory was far lower in 2017, in the different price points up to $1,199, 000 Million. A similar number of homes sold in the higher priced homes over $1.2 Million.  

$0- $999,000 There were 21 homes sold in 2017 in this price range ranging from $630,000 to $823,340

 with an average price per square foot of $468.54 and a sales price to original list price ratio of 97.40%. 8 homes sold over list price.

In 2016, 40 homes sold in this price range with an average price per square foot of $468.65, and an average sales price to original list price ratio of 98.14%.

$1,000,000 – $1,199,000 Six homes sold in this price range in 2017 with an average price per square foot of $466.94 and an average sales price to original list price ratio of 99.02%. Four of the six homes sold over list price.

In 2016, 25 homes were sold in this price range with an average price per square foot of $514.27, and an average sales price to original list price ratio of 101.47%. 14 homes sold over list price.

$1,200,000 – $1,500,000 15 homes sold in this price range with an average price per square foot of $515.02 and an average sales price to original list price ratio of 101.52%11 homes sold over list price.

In 2016, 18 homes sold in this price range with an average price per square foot of $504.86, and an average sales price to original list price ratio of 102.50%. 11 homes sold over list price.

$1,501,000 – $1,999,99919 homes sold in this price range with an average price per square foot of $494.67, and an average sales price to original list price ratio of 100.65%. 11 homes sold over the list price.

In 2016, 22 homes were sold in this price range with an average sales price to original list price ratio of 99.78%. 11 homes sold over list price.

$2,000,000 and higher!  10 homes sold in this price range with an average price per square foot of $468.01 and an average sales price to original list price ratio of 91.30%.

In 2016, 11 homes sold in this price range with an average price per square foot of $470.84, and an average sales price to original list price ratio of 92.48%. 3 homes sold over list price.

Chatsworth Elementary School

There were 74 homes sold in 2017 and  95 homes were sold in 2016. Inventory was lower, but were prices?

$0-$799,000 There were 6 homes sold in this price range in 2017 ranging in price with an average price per square foot of $442.49 and an average sales price to original list price ratio of 96.30%. One home sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $389.85, an average sales price to original list price ratio of 94.44%. 2 homes sold over list price.

$800,000 – $999,000. Ten homes sold in this price range in 2017 with an average price per square foot of $465.47 and with an average sales price to original list price ratio of 103.84%.  6 homes sold over list price.

On 2016, 16 homes were sold in this price range with an average price per square foot of $461.84, and an average sales price to original list price ratio of 99.19%. 7 homes sold over list price.

In homes priced between $1 Million and $2,000,000, number of homes sold  and price per square foot were similar in both years. Homes priced over 2 Million obtained higher price per square foot in 2016, and more homes were sold in that period also.

$1,000,000 – $1,199,000 Ten homes sold in this price range in 2017 with an average price per square foot of $522.42 and an average sales price to original list price ratio of 101.51%. 6 homes sold over list price.

In 2016, 10 homes were sold in this price range with an average price per square foot of $556.01, and an average sales price to original list price ratio of 105.66%.  7 homes sold over list price.

$1,200,000 – $1,499,000 13 homes sold in this price range in 2017 with an average price per square foot of $585.26 and an average sales price to original list price ratio of 101.81%. 8 homes sold over list price.

In 2016, 10 homes sold in this price range with an average price per square foot of $558.37, and an average sales price to original list price ratio of 106.09%. 7 homes sold over list price.

$1,500,000 – $1,999,00013 homes sold in this price range in 2017 with an average price per square foot of $578.83 and an average sales price to original list price ratio of 99.52%. 7 homes sold over list price

In 2016, 16 homes sold in this price range with an average price per square foot of $575.85, and an average sales price to list price ratio of 98.58%.  6 homes sold over list price.

$2,000,000 – $2,999,000  19 homes sold in this price range with an average price per square foot of  $547.22 and an average sales price to original list price ratio of  95.07%. 5 homes sold over list price.

In 2016, 23 homes were sold in this price range with an average  price per square foot of $627.92, and an average sales price to original list price ratio of 98.48%. 9 homes sold over list price.

$3,000,000 +  3 homes sold in this price range with an average price per square foot of $655.24 and an average sales price to original list price ratio of 94.68%.

In 2016, 6 homes sold in this price range with an average price per square foot of $755.16, and an average sales price to original list price ratio of 92.73%.

Central Elementary School

Sales in this district indicated more buyers seeking a home in 2016 than in 2017 with more homes being sold. However, price per square foot was higher in 2017.

$0-$799,000 Ten homes sold in this price range with an average price per square foot of $433.28 and an average sales price to original list price ratio of 99.52%.  4 homes sold over list price.

In 2016,  26 homes sold in this price range with a price per square foot of  $394.44, and an average sales price to original sales price ratio of 97.42%.  10 homes sold over list price.

$800,000 – $999,000 Seven homes sold in this price range with an average price per square foot of $493.76, and an average sales price to original list price ratio of 102.71%.  Five homes sold over list price.

In 2016, 10 

homes sold in this price range with an average price per square foot of , and an average sale pricetooriginal list price ratio of

 $417.1598.06%.  

Four homes sold over list price.

$1,000,000 – $1,199,000 Two homes sold in this price range with an average price per square foot of $514.50, and an average sales price to original list price ratio of 104.77%. One home sold over list price.

In  2016, 9 homes sold in this price range with an average price per square foot of $511.36, and an average sales price to list price ratio of 107.22%. 5 homes sold over list price.

$1,200,000 – $1,999,000 6 homes sold in this price range with an average price per square foot of $523.42 and an average sales price to original list price ratio of 103.77%. Four homes sold over list price.

In 2016, 14 homes sold in this price range with an average price per square foot of $485.05, and an average sales price to original list price ratio of 99.94%. 9 homes sold over list price.

$2000,000 + One home sold in this price range with a price per square foot of $566.97 and an average sales price to original list ratio of 100%.

In 2016, 13 homes sold in this price range with an average price per square foot of  $503.15, and an average sales price to original list price ratio of 93.30%. 4 homes sold over list price.

Mamaroneck Avenue

A similar number of homes were sold in both years indicating a steady market.

$0-$599,000 Thirteen homes sold in this price range in 2017 with an average price per square foot of $321.07 and an average sales price to original list price ratio of 95.11%. Three homes sold over list price.

In 2016, 14 homes sold in this price range with an average price per square foot of $284.27, and an average sales price to original list price ratio of 92.92%. 3 homes sold over list price.

$600,000 – $799,000 Sixteen homes were sold in this price range with an average price per square foot of $347.61 and an average sales price to original list price ratio of 101.55%. Nine homes sold over list price.

In 2016, 10 homes sold in this price range with an average price per square foot of $338.58, and an average sales price to original list price ratio of 97.36%. 3 homes sold over list price.

$800,000 -$999,000 Nine homes sold in this price range in 2017 with an average price per square foot of $350.56 and an average sales price to original list price ratio of 101.26%. Four homes sold over list price.

In 2016, 4 homes sold in this price with an average price per square foot of $297.20, and an average sales price to original list price ratio of 89.48%. No homes sold over list price.

$1,000,000 -$1,199,000 Two homes sold in this price range in 2017 with an average price per square foot of  386.52                                      

 and  an average sales price to original list price ratio of . One home sold overlist price 100.38%

In 2016, 4 homes sold in this price range with an average price per square foot of $279.1sales price to original list price ratio of 92.33%. No homes sold over list price.

$1200,000 + Two homes sold in this price range with an average price per square foot of $397.92 and an average sales price to original list price of 98.12%.

In 2016, 6 homes sold in this price range with an average price per square foot of $376.57, and an average sales price to original list price ratio of 90.15%. 2 homes sold over list price.

Rye Neck School District 

This School District also incorporates the Shore Acres area, and so homes with water views and on the waterfront always sell for more.

Sales were similar in all price ranges. 

$0-$599,000 Twelve homes sold in this price range with an average price per square foot of $385.23 and an average sales price to original list price ratio of 94.68%. Four homes sold over list price.

In 2016, 13 homes were sold in this price ratio and an average price per square foot of $367.61, and an average sales price to original list price ratio of 96.95%. 4 homes sold over list price.

$600,000 – $799,000 Eight homes sold in this price range with an average price per square foot of $460.02 and an average sales price to original list price ratio of 97.62%.  Two homes sold over list price.

In 2016, 8 homes sold in this price range with an average price per square foot of $362.77 and an average sales price  to original list price ratio of 95.02%. 2 homes sold over list price.

$800,000 – $999,000 Ten homes sold in this price range in 2017 with an average price per square foot of $367.34 and an average sales price to original list price ratio of  95.25%. Three homes sold over list price.

In 2016, 8 homes sold in this price range with an average price per square foot of $394.87, and an average sales price to original list price ratio of 102.51%. 6 homes sold over list price.

$1,000,000 -$1,199,000 Five homes were sold in this price range with an average price per square foot of $379.20 and an average sales price to original list price ratio of 88.62%.  One home sold over list price.

In 2016, 6 homes sold in this price range with an average price per square foot of $363.31, and an average sales price to original list price ratio of 97.60%. One home sold over list price.

$1,200,000 – $1,495,000 12 homes sold in this price range with an average price per square foot of $451.51, and an average sales price to original list price ratio of 95.27%.  5 homes sold over list price.

In 2016, 12 homes sold in this price range with an average price per square foot of $443.95, and an average sales price to original list price ratio of 94.52%. 4 homes sold over list price.

$1,499,000 – $1,999,000 14 homes were sold in this price range with an average price per square foot of $487.21, and an average sales price to original list price ratio of 96.31%. 5 homes sold over list price.

In 2016, 12 homes sold in this price range with an average price per square foot of $416.38, and an average sales price to original list price ratio of 93.21%. 3 homes sold over list price.

$2,000,000 + Five homes sold in this price range ranging from $2,050,000 to $3,750,000 with an average price per square foot of $489.64 and an average sales price to original list price of 89.59%.

In 2016, 6n 2016, 6 homes sold in this price range with an average price per square foot of $ homes sold in this price range with an average price per square foot of $493.40, and an average sales price to original list price ratio of 89.67%.

Larchmont is GREAT!

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Posted in Larchmont Area, Mamaroneck 10543 Area Information, New Rochelle Area Information | Tagged | Leave a comment

2017 Real Estate Market Stats for New Rochelle

While I had wanted to post year end stats in a detailed breakdown by price point and zip code for each town, I also wanted to wait and a see how the year was PROGRESSING. For example,  what will the effects be with their new tax laws in each town.

Each year brings new challenges whether for the buyers or sellers, and we, as Realtors, endeavor to sense how the market will develop even though past sales always play a huge part in pricing.

I realize that real estate can be touted across the United States as being strong, great, a seller’s market, etc., but we must always look to the real estate on a local level. Always. There are always market trends locally that will dictate how we list, price a home, and aid us in the bidding process also.

The buyers are ‘out there’. When we look at the sales stats below, we can readily see that homes priced less were more apt to sell quickly, and there was a softening the higher priced homes in all areas.  Buyers as a rule do not want to ‘do the renovation themselves’ and are seeking homes that are renovated. Interest rates were low, and still are (Fixed rate right now around 3.78 for a 15 year fixed loan), but it is always easier to buy a renovated home as the renovation costs have been incorporated into  the sales price..

I am quite hopeful for 2018 based on the people I am seeing at the open houses, and time will tell! There are always people who need to sell, who need to buy, and when you look at the costs of private schools in the city compared to our great  schools in the suburbs, with all of the other added advantages such as beaches, water sports, golf, tennis, sports programs, Westchester is a great place in which to reside!

Since New Rochelle is a city, and has different zip codes, I always like to break down the home sales prices by zip code, Elementary School and different price points.

New Rochelle 10804 

This would cover both Davis and Ward Schools but since many people search by zip code, I thought I would first include them together, and then separate by Elementary School. However,  since this is by zip code, the 10583 (Davis School) would not be covered in this compilation. Davis School is reflected precisely below.

$0-599,000 There were 21 homes sold in 2017 with an average price per square foot of $311.90, sales price to original list price ratio of 93.59%. There were 5 homes that sold over list price.

In 2016, there were 36 homes sold with an average price per square foot of $287.50, and an average sales price to original list price ratio of 94.39%. 10 homes sold over list price.

It  would at first glance appear  that the inventory was lower in 2017 with a slight softening on the sales price. However, when we look into the next price point  of $600,000 -$799,000, we can see that a few more homes were sold  in 2017, so the market indicates that people priced higher based on the stronger sales market, , obtaining a slightly less price per square foot  but still with 25 homes selling over the list price. The market is very robust in this price point.

$600,000- $799,000 There were 76 homes sold in 2017 with an average price per square foot of $318.16, sales price to original list price ratio of 96.47%.  25 homes sold over list price.

In 2016, 68 homes were sold in this price range with an average price per square foot of $325.83, and an average sales price to original list price ratio of 96.07%. 15 homes sold over list price.

$800,000 – $999,000 There were 36 homes sold in 2017 with an average price per square foot of $322.22, sales price to original price ratio of 95.35%.  12 homes sold over list price. 9 homes sold over list price.

In 2016, 33 homes sold in this price range with an average price per square foot of $305.60, and an average sales price to original list price ratio of 94.14%. 7 homes sold over list price.

Once again,  more homes were sold in 2017 in the $800-999,000 price point, reflecting a stronger market in this price range.

In the Million to $1,199,000 price range, prices stayed approximately the same. However, as an active agent, I would interject that the buyers were seeking perfection more so than ever before!

$1,000,000 – $1,199,999 14 homes sold in 2017 with an average price per square foot of $309.62, sales price to original list price ratio of 93.08%. 3 homes sold over list price.

In 2016, 15 homes were sold in this price range with an average price per square foot of $303.96, and an average sales price to original list price ratio of 93.59%. One home sold over list price.

$1,200,000 – $1,499,000 11 homes sold in the price range in 2017 with an average price per square foot of $301.74, and an average sales price to original list price ratio of 94.20%. 2 homes sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $343.53, and an average sales price to original list price ratio of 92.46%. 4  homes sold over list price.

The market was again a tad stronger in 2016 in the higher price ranges  with higher  price per square foot.

$1,500,000 + 4 homes sold in this price category in 2017 with an average price square foot of $316.74, and a sales price to original list price ratio of 90.26%. One home sold at list price.

In 2016, 6 homes were sold in this price range with an average price per square foot of $337.62, and an average sales price to original list price ratio of 86.77%.

William B. Ward School  

When we break down the two elementary schools,  we start to see the different appeal of each area. More homes sold in this price point in 2016, but once again, we are seeing slightly more homes selling in 2017 in the next price point. Price were square foot was quite similar in the lesser priced homes, but increased nicely in the next price point.

$0-$599,000 29 homes sold in this price range with an average price per square foot of $244.64, and an average sales price to original list price of 96.43%. Eight homes sold over the original list price.

In 2016, 43 homes sold in this price range with an average price per square foot of $246.28, and an average sales price to original list price of 94.49%. 3 homes sold over list price.

$600,000 – $799,000 56 homes sold in this price range in 2017 with an average price per square foot of $305.74, and an average sales price to original  list price ratio of 96.06%. 7 homes sold over list price.

In 2016, 51 homes sold in this price range with an average price per square foot of $306.72, and an average sales price to original list price ratio of 96.35%. 6 homes sold over list price.

In the $800,000 – $999,000 price range, the sales were very similar year over year.

$800,000 – $999,000 23 homes sold in this price range in 2017 with an average price per square foot of $288.36, and an average sales price to original list price ratio of 96.19%. 6 homes sold over the list price.

In 2016, 25 homes sold in this price range with an average price per square foot of $289.43, and an average sales price to original list price ratio of 93.35%. 6 homes sold over list price.

In the $1,100,000 – $1,199,000 price range, prices per square foot were higher in 2017 which was great, a few more homes were sold also, but more homes were sold in the $1.2 -$1,499,000 price range  in 2016 and with a higher price per square foot.. So, a little softer in 2017.

$1,000,000 – $1,199,000 18 homes sold in the price range with an average price per square foot of $312.79, and an average sales price to original list price ratio of 93.71%. 3 homes sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $293.87 and an average sales price to original list price ratio of 94.96%. 2 homes sold over list price.

$1,200,000 – $1,499,000 7 homes sold in this price range with an average price per square foot of $300.92, and an average sales price to original list price ratio of 94.86%. 2 homes sold over the list price.

In 2016, 10 homes were sold in this price range with an average price per square foot of $324.52, and an average sales price to original list price ratio of 89.12%. 2 homes were sold in this price range.

$1,500,000 + 3 homes sold in this price range in 2017 with an average price per square foot of $350.48 and an average sales price to original list price ratio of 89.90%. One home sold over list price.

In 2016, 4 homes were sold in this price range with an average price per square foot of $318.53, and an average sales price to original list price ratio of 81.99%. One home sold over list price.

It is always interesting to see how certain homes sell, and some don’t, and when I look at the higher priced sold homes  (over $1.5), it should be noted that one new home sold in 2017, plus two beautiful homes  (one with a profit from when it was purchased, and the other home sold for $580000 less than its original sales price. This tells us that the market was not sustaining the higher priced homes in this area.

George Davis Elementary School  – Larchmont Woods and Beechmont

As we look to the Davis Elementary School  area,  it is apparent that the homes sell for higher amounts, which would indicate a more desirable area.  In the $600,000 – $799,000 price range, prices were stronger in 2017. Traditionally, the homes in Larchmont Woods and the Beechmont area, perhaps because of their closer proximity to Larchmont, tend to be valued higher and sell for more. Plus, there is a beautiful estate area in the Beechmont area.

$0-$599,000 One home sold in this price range in 2017 with a price per square foot of $306.46, and an average sales price to original list price ratio of 87.76%.

In 2016, 2 homes sold in this price range at an average price per square foot of $198.45, and an average sales price to original list price ratio of 95.38%.

$600,000 – $799,000 8 homes sold in this price range in 2017 with an average price per square foot of $361.27, and an average sales price to original list price ratio of 100.99%. 5 homes sold over list price.

In 2016, 8 homes sold in this price range with an average price per square foot of $346.45, and  an average sales price to original list price ratio of 96.18%. One home sold over list price.

More homes sold in 2017 in the $800,000 – $999,000 price range with a higher price per square foot – all indicating a slightly stronger market.

$800,000 – $999,000 15 homes sold in this price range in 2017 with an average price per square foot of $363.83, and an average sales price to original list price ratio of 95.90%. 7 homes sold over the list price.

In 2016, 10 homes were sold in this price range with an average price per square foot of $342.79, and an average sales price to original list price ratio of 97.78%. 3 homes sold over list price.

2017 proved to be a stronger market in the $1,000,000 – $1,199,000 price range. The buyers were out there!

$1,000,000 – $1,199,000 5 homes sold in this price range in 2017 with an average price per square foot of $334.26, and an average sales price to original list price ratio of 99.13%.  2 homes sold over list price.

In 2016, 3 homes sold in this price range with an average price per square foot of $313.49 and an average sales price to original list price ratio of 90.80%.

$1,200,000 – $1,499,000 3 homes sold in this price range with an average price per square foot of $336.82, and an average sales price to original list price ratio of 94.90%.

Just like in the Ward School area, sales of  the higher priced homes were a little softer in 2017.

In 2016, 6 homes were sold in this price range with an average price per square foot of $375.52 and an average sales price to original list price ratio of 100.95%. 4 homes sold over list price.

$1,500,000 One  home sold in this price range in 2017 at $1.9 Million, price per square foot of $215,49 and a sales price to list price ratio of 91.35%.

In 2016 4 homes sold in this price range with an average sales price of $398.27 and an average sales price to list price ratio of 100.20%. 2 homes sold over list price.

Davis Elementary School –

This area is  closer to the Scarsdale area, and some homes can feature a Scarsdale P.O. which can be confusing to buyers, but still New Rochelle.  Prices per square foot were higher in 2017 -indicating a stronger market yet again.

$0-$599,000 18 homes sold in this price range with an average price per square foot of $336.46, and an average sales price to original list price ratio of 97.85%. 8 homes sold over list price.

In 2016, 23 homes sold in this price range with an average price per square foot of $307.06, and an average sales price to original list price ratio of 97.34%. 9 homes sold over list price.

$600,000 – $799,000 39 homes sold in this price range with an average price per square foot of $338.44, and an average sales price to original list price ratio of 98.31%. 18 homes sold over list price.

In 2016, 34 homes sold in this price range with an average price per square foot of $321.57, and an average sales price to original list price ratio of 95.43%.

$800,000 – $999,000 10 homes sold in this price range in 2017 with an average price per square foot of $336.17 and an average sales price to list price ratio of 98.71%. 5 homes sold over list price.

In 2016, 9 homes sold in this price range with an average price per square foot of $296.34, and an average sales price to original list price ratio of 94.49%. One home sold over list price.

$1000,000 – $1,199,000 5 homes sold in this price range with an average price per square foot of $335.09 , and an average sales price to original list price ratio of 94.30%.

In 2016, 1 home sold in this price range with a price per square foot of $313.49 and an average sales price to original list price ratio of 90.80%.

$1,200,000 – $1,499,000 7 homes sold in this price range in 2017 with an average price per square foot of $343.99, and an average sales price to original list price ratio of 96.45%. 2 homes sold over list price.

In 2016, no homes sold  in this price range.

No homes sold over $1.5 in 2016.

Webster Elementary School

Webster Elementary School  is a Humanities Magnet School .  2017 had a higher price per square foot in the lesser priced priced homes, but was higher in the $600,000 – $999,000 price ranges in 2016.

$0-599,000 20 homes sold in this price range with an average price per square foot of $278.06, and an average sales price to original list price ratio of 94.73%. 6 homes sold over list price.

In 2016, 17 homes were sold in this price range with an average  price per square foot of $251.42, and an average sales price to original list price ratio of 93.71%. 3 homes sold over list price.

$600,000 – $799,000 13 homes were sold in this price range in 2017 with an average price per square foot of $267.40 and an average sales price to original list price ratio of 98.62%. 5 homes sold over list price.

In 2016, 12 homes were sold in this price range with an average price per square foot of $279.15, and an average sales price to original list price ratio of 97.92%. 6 homes were sold over list price.

$800,000 – $999,000 1 home sold in this price range with an average price per square foot of $255.80 and an average sales price to original list price ratio of 101.26% The home sold over list price.

In 2016, 2 homes were sold in this price range with an average price per square foot of $315.55, and an average sales price to original list price ratio of 105.83%. Both homes sold over list price.

$1,000,000 + One home sold for $1,025,000 with an average price per square foot of $418.37 and an average sales price to original list price ratio of 114.14%.

In 2016, No homes were sold in this price range or higher.

Columbus Elementary School

0 – $599,000 – 7 homes sold in the area ranging in price from  $110,000 to $590,000 with an average price per square foot of $255.12 and an average sales price to original list price ratio of 93.63%.  4 homes sold over list price..

In 2016, 10 homes were sold in this price range with an average price per square foot of $228.48, and an average sales price to original list price ratio of 92.98%.

Nothing was sold higher in 2017

In 2016, one home was sold at $625,000 with a price per square foot of $350.93, and a sales price to list price ratio of 107.94%.

Jefferson Elementary School District

2016 was slightly stronger than 2017. However, in homes priced between $600,000 – $799,000 price per square foot was higher in 2017.

$0-$599,000 16 homes sold in this price range in 2017 with an average price per square foot of $276.06, and an average sales price to original list price ratio of 94.14%. 6 homes sold over list price.

In 2016, 12 homes were sold in this price range with an average price per square foot of $262.52, and an average sales price to original list price ratio of 101.46%. 7 homes sold at or  over list price.

Homes  $600,000 -$799,000  2 homes sold in this price range with an average price per square foot of $288.57, and an average sales price to original list price ratio of 96.40%. One home sold over list price.

In 2016, 4 homes sold in this price range with an average price per square foot of $206.19, and an average sales price to original list price ratio of 96.85%.

Trinity Elementary School

This school district  also covers the waterfront communities , and so you will always see a vast disparity in sales prices, depending upon where the home is located. People love water views!  More homes sold in 2016 in the price ranges up to $799,000. Prices were similar in the home sales over $1.2 Million.

$0-$599,000 23 homes sold in this price range with an average price per square foot of $254.25, and an average sales price to original list price ratio of 96.07%. 7 homes sold over list price.

In 2016, 36 homes were sold in this price range with an average price per square foot of $262.55,and an average sales price to an original list price ratio of 96.74%.

$600,000 – $799,000 7 homes sold in this price range with an average price per square foot of $277.48, and an average sales price to original list price ratio of 96.98%. 2 homes sold over list price.

In 2016, 12 homes were sold in this price range with n average price per square foot of $273.25, and an average sales price to original list price ratio of 97.22%. 3 homes sold over list price.

$800,000- $999,000 One home sold in this price range with a price per square foot of $265.97, and an average sales price to original list price ratio of 90.90%.

In 2016, no homes were sold in this price range.

$1,000,000 – $1,199,000  Nothing in this price range was sold.

In 2016, no homes were sold in this price range.

$1,200,000 – $1,500,000 Two homes sold in this price range with an average price per square foot of $487.43, and an average sales price to original list price ratio of 97.41%.  One home sold over list price.

In 2016,  2 homes were sold in this price range with an average price per square foot of $495.47, and an average sales price to original list price ratio of 91.38%. One home sold over list price.

$1,500,000 – 4 homes sold in this price range with an average price per square foot of $348.46 and an average sales price to original list price ratio of 94.78%.

In 2016, two homes were sold in this price range with an average price per square foot of $401.20, and an average sales price to original list price ratio of 94.14%.

It should be noted that there are several homes listed in the New Rochelle ‘Choice School’ category but the majority of those homes were listed incorrectly by agents who were not local.  While I could include them in the correct categories, I have decided to leave them out as they would not be shown in a search, and could be confusing.

I am here for all of your real estate needs!

New Rochelle is GREAT!

 

 

 

 

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