| Average Sold Price | ||
| Armonk | $ 1,429,790.00 | |
| Chappaqua | $ 975,676.00 | |
| Pound Ridge | $ 952,189.00 | |
| Bedford Corners | $ 1,980,500.00 | |
| Bedford Village | $ 1,515,589.00 | |
| Bedford Hills | $ 810,555.00 | |
| South Salem | $ 548,000.00 | |
| Katonah | $ 1,027,795.00 | |
| North Salem | $ 636,000.00 | |
| Mt Kisco | $ 549,706.00 |
Average Selling Price for All Bedford Area Homes | RobReportBlog.
Pending home sales continued to inch higher in April with theNational Association of Realtors’ Pending Home Sales Index rising slightly to an index score of 106, a 0.3% increase fromMarch’s 105.7 score.
In April 2012, the index was hovering at 96.1, 10.3% lower than current figures.
Home contract activity reached its highest level since the index score hit 110.9 in April 2010. For the past 24 months, pending sales have been above year-ago levels.
Lawrence Yun, NAR chief economist, noted the development of a familiar pattern. “The housing market continues to squeak out gains from already very positive conditions. Pending contracts so far this year easily correspond to higher closed home sales in 2013,” Yun said.
This year, total existing-home sales are predicted to rise just over 7% to about 5 million.
Yun added, “Because of inventory shortages, higher home sales will push up home values to the highest level in five years.”
The national median existing-home price should rise to nearly 8% and exceed $190,000 in 2013.
Strong gains in the Northeast and Midwest were largely offset by declines in the West and South. Pending sales in the Northeast increased 11.5% to an index score of 92.3 in April, 17.7% above year-ago levels. Midwest pending sales rose 3.2% to 107.1 in April, up 15.1% from a year earlier.
Conversely, in the South, pending home sales fell 1.1% to an index score of 119.2, but remain 12.3% higher year-over-year.
Finally, with strong inventory constraints, pending sales in the West dropped 7.6% in April to an index score of 94.6, which is 2.6% higher than year ago levels.
NAR: Pending home sales up 10.3% from last year | HousingWire.
Home prices across the nation’s largest 20 largest metropolitan areas posted their largest annual gain in seven years, rising 10.9 in the first quarter of 2013, compared to the same period last year, according to the latest real estate market trends reported today by Case-Shiller Home Price Indices.
The largest yearly increases were seen in Phoenix (22.5 percent), San Francisco (22.2 percent) and Las Vegas (20.6 percent), said David M. Blitzer Chairman of the Index Committee at S&P Dow Jones Indices, said in a statement analyzing the latest real estate market trends. The slowest – yet still substantial – gains were seen in New York (2.6 percent), Cleveland (4.8 percent) and Boston (6.7 percent).
Additional indicators, including housing starts, new permits, and new and existing home sales, add to the growing evidence that the housing market is healing, but other real estate market trends indicate the recovery has a ways to go, Blitzer said. “The larger than usual share of multi-family housing, a large number of homes still in some stage of foreclosure and buying-to-rent by investors suggest that the housing recovery is not complete,” he said.
Townhomes account for an increasing share of the existing market, as well as new housing activity, according to a blog on the latest real estate market trends published today by the National Association of Home Builders, a trade association based in Washington, D.C.
Construction began on 15,000 new townhomes in the first quarter of 2013, up from 10,000 in the first quarter of 2012, according to the association. Over the same period, the market share of town homes rose from 10.4 percent to 12.7 percent.
Real Estate Market Trends: Prices Gain Nearly 11 Percent | Millionaire Corner.
Everyone makes mistakes, but committing a major social media no-no has the potential of hindering your business’s hard-earned reputation. A good rule of thumb is, “when in doubt, don’t.” But, if you’re wondering about specifics, here are the top 6 social media mistakes to avoid, especially in the wake of some serious social media faux pas:
1. Don’t lash out: Sometimes it’s hard to deal with constructive and/or blatantly harsh criticism from others, especially on such an open public space or forum like Facebook. However, as we learned from the recent and epic social media meltdown that Amy’s Baking Company Bakery Boutique & Bistro had on Facebook, it’s an excellent example of what no to do. Owners, Amy & Samy Bouzaglo lashed out on Facebook in response to some not-so-nice criticism after airing on Gordon Ramsay’s,Kitchen Nigtmares. Instead of say, swearing, ranting for hours, “yelling” in all caps, calling customers “stupid,” and then trying to cover it all up, responding quickly and calmly to a customer’s complaint, and trying to resolve it as soon as possible is simply the best thing you can do.
2. Don’t buy followers or fans: It may be tempting to make social media a numbers game. The more followers or “Likes” you have, the cooler, more trusted, desirable brand you must be, right? However, the point of social media isn’t to acquire a mass following, but to build relationships with legitimate potential and current customers. It’s all about quality over quantity – You may have 1 million followers, but if half of them don’t exist or don’t actually give a hoot about your brand, you may as well have none. Focus on increasing the quality of your content rather than increasing your numbers, and you’ll build a solid strategy and fan base.
3. Don’t create fakes comments: Who doesn’t want engagement and comments on posts, as well as a few good reviews on various sites? The problem is, they just can’t come from you – It boils down to dishonesty, and customers can easily see through it. Instead, include calls-to-actions in your social posts like, “Like this post if you agree,” and ask questions that’ll entice customers to respond. Need more reviews on your Yelp page? Encourage customers, and/or even give rewards or discounts to those who do write reviews, but honest ones!
4. Don’t be “Sir Spam-a-Lot”: Commenting on other social media or blog posts purely for the purpose of getting your own brand out there screams “spammer.” If you think your content is relevant, contact the owner of the post and propose a real linking or collaboration strategy. If you offer value with your content, you may develop a meaningful relationship – Win-win. Check out our post, How to Connect with Online Influencers – Dos & Don’ts for more advice on how to approach these relationships.
The housing recovery is now 54% back to normal in April, down from 56% in March due to the sharp drop in new home starts. Trulia‘s Jed Kolko writes that construction starts dropp to 853,000, down 16% from March. Existing home saled inched up slightly month-over-month, while non-distressed sales increased 25% year-over-year. The delinquency rates + foreclosure rates dropped sharply to the lowest level since September 2008.
To read the full report from Trulia ($29.47 0.2%), click here.
Housing recovery falls back to 54% back to normal | HousingWire.
With 42 new permits issued in January through March of this year, Sacramento increased by 121% over the same period a year earlier, according to RealtyTrac. Foreclosure starts slid by 74% when compared to the pace from a year earlier, writes the Sacramento Business Journal.
5/22/13
| Bedford NY Area Luxury Real Estate Market Report | Over $2,000,000 | |
| Homes for Sale | 165 | |
| Homes Sold (6 Mos.) | 27 | |
| Homes in CC, pending, sold | 44 | |
| Inventory- sold | 36.66 months | |
| Inventory- sold, cc, pending | 22.51 months |
Listing agent David Ogilvy says the 12-bedroom Neo-French Renaissance Victorian and the 50.6-acre property is “a fantastic piece of property.”
“It’s just an incredibly beautiful spot,’’ said Ogilvy, whosereal estate office is part of Christie’s International Real Estate. “There were a few other major houses down on the water. The only one of this size that has sold was in Riverside in 1952 or ’53. There hasn’t been anything else on either side of the water like this.”
The property includes a mile of shoreline and two islands. Other features include a 75-foot pool and spa, grass tennis court, poolhouse, carriage house and gatehouse cottage.
The home was built in 1896 – Ogilvy had no record of its original cost – and was purchased by the Lauder Greenway family. Harriet Lauder Greenway’s father helped Andrew Carnegie start what would become U.S. Steel, according to the Wall Street Journal story. The article also said the home is owned by John Rudey, the chairman of U.S. Timberlands Services. He purchased the property in 1982. The property is being listed for the first time since 1904, according to the Ogilvy listing.
Ogilvy said the price tag was based on appraisals and previous waterfront sales. “A home with 4.2 acres went for $39.5 million, or about $9 million an acre,’’ he said. “You multiply that by 50, and you get a hefty number. Sometimes people are shocked at how much it is. It’s the only one with 50 acres left in Greenwich.”
The Realtor said he and Rudey have had conversations over the past few years about the property. “I knew the property, but I was even more amazed when I saw it,’’ Ogilvy said.
The owner has no timetable for a sale, Ogilvy also said. “There was a property that I listed and sold back in 2004 for $45 million,’’ Ogilvy said. “People told me I had rocks in my head, and we listed it, sold it and closed on it in 100 days. A timetable is not a problem.”
Listing agent David Ogilvy says the 12-bedroom Neo-French Renaissance Victorian and the 50.6-acre property is “a fantastic piece of property.”
“It’s just an incredibly beautiful spot,’’ said Ogilvy, whosereal estate office is part of Christie’s International Real Estate. “There were a few other major houses down on the water. The only one of this size that has sold was in Riverside in 1952 or ’53. There hasn’t been anything else on either side of the water like this.”
The property includes a mile of shoreline and two islands. Other features include a 75-foot pool and spa, grass tennis court, poolhouse, carriage house and gatehouse cottage.
The home was built in 1896 – Ogilvy had no record of its original cost – and was purchased by the Lauder Greenway family. Harriet Lauder Greenway’s father helped Andrew Carnegie start what would become U.S. Steel, according to the Wall Street Journal story. The article also said the home is owned by John Rudey, the chairman of U.S. Timberlands Services. He purchased the property in 1982. The property is being listed for the first time since 1904, according to the Ogilvy listing.
Ogilvy said the price tag was based on appraisals and previous waterfront sales. “A home with 4.2 acres went for $39.5 million, or about $9 million an acre,’’ he said. “You multiply that by 50, and you get a hefty number. Sometimes people are shocked at how much it is. It’s the only one with 50 acres left in Greenwich.”
The Realtor said he and Rudey have had conversations over the past few years about the property. “I knew the property, but I was even more amazed when I saw it,’’ Ogilvy said.
The owner has no timetable for a sale, Ogilvy also said. “There was a property that I listed and sold back in 2004 for $45 million,’’ Ogilvy said. “People told me I had rocks in my head, and we listed it, sold it and closed on it in 100 days. A timetable is not a problem.”
$190 Million Greenwich Compound Is Priciest Home In The U.S. | The Bedford Daily Voice.
5/22/13
| Bedford NY Area Luxury Real Estate Market Report | Over $2,000,000 | |
| Homes for Sale | 165 | |
| Homes Sold (6 Mos.) | 27 | |
| Homes in CC, pending, sold | 44 | |
| Inventory- sold | 36.66 months | |
| Inventory- sold, cc, pending | 22.51 months | |
For the sixth straight month, home value appreciation was at or exceeded 5%, according to data from Zillow. More specifically, home values rose in April to $158,300.
Home values jumped 5.2% over year ago levels, Zillow ($59.41 0%)reported, reaching their highest level since June 2004.
A majority of the 365 metros — 55% to be exact — experienced home value appreciation in April from March. Sacramento saw the largest monthly increase, with home values jumping 3.4%. Las Vegas and San Francisco also reported monthly increases of 3% and 2.8%, respectively.
Looking forward, home values from April 2013 through April 2014 are predicted to rise 4% to approximately $164,648, according to Zillow. This is a drop from the 5.2% annual rate of appreciation reported between April 2012 and April 2013 and indicates a shift in supply and demand in some of the hardest-hit markets.
“April marks the sixth straight month of annual home value appreciation of 5% or above, the longest such streak since the height of the bubble in 2006. In the short-term, this has been welcome news for homeowners. But in the long-term, this cannot be sustained, and consumers entering the market today should not expect this kind of appreciation to last,” said Zillow Chief Economist Stan Humphries.
Humphries added, “Overall, we expect home value appreciation to moderate as more supply comes on line over the next year, but in some areas, runaway home value appreciation, combined with expected interest rate hikes in coming years, runs a real risk of pricing out many potential buyers. Home values in these areas will have to flatten or even fall to come back in line.”
Chicago was the only metro that did not experience year-over-year home value increases. More than half of the 30 largest metros covered saw double-digit percentage increases.
Home values rise 5% for sixth consecutive month | HousingWire.
