The most overvalued housing market in America | 2014-01-21 | HousingWire.
The most overvalued housing market in America | Bedford Hills Real Estate
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Tag Archives: Bedford Hills Luxury Homes
53 Ways to Market Your Google Plus Hangout on Air | Bedford Hills Real Estate
This Adorable Chalet in Prospect Park South Wants $2.275M | Bedford Hills NY Real Estate
Situation on housing market in 2014 will depend on the state | Bedford Hills NY Homes
The real estate market of Ukraine in 2014 will be largely influenced by the state, according to experts polled by Interfax-Ukraine.
“One of the threats to the property market is the draft law initiated by Omelchenko [bill No. 3757-1 of Regions Party MP Valeriy Omelchenko], which foresees the introduction of a 15-17% tax on the sale and purchase of real estate: if it is adopted – it worth expecting the total collapse of the market,” the vice president of the Association of Professional Property Managers, Anatoliy Topal, said.
Another threatening factor for the primary housing market, according to him, is a high increase in the price of construction materials.
According to the head of the Union of Realtors of Ukraine, Oleksiy Rubanov, the main risk to the real estate market development is a lack of liquidity of households.
“As for prices, activity, the situation in 2014 will slightly differ from 2013. Depressive mood will be observed on the market in 2014 and in 2015,” he said.
In addition, the experts noted a peculiar record set by the real estate market in the past year: the number of transactions on the primary market during this period exceeded the number of deals on the secondary housing market.
“People, who are able to buy, prefer to buy housing on the primary market due to the fact that developers offer loyalty programs, installment payments, favorable loans, interesting price offers,” said Rubanov.
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Marin luxury real estate market rebounds | Bedford Hills Homes
Housing market: Home price increases to soften | Bedford Hills Homes
Priciest home sales in 2013 eclipsed by the previous year | Bedford Hills NY Homes
When it comes to the priciest residential sales of the year, it seems that 2013 isn’t quite up to snuff, at least compared to 2012.
For example, the city’s top townhouse sale this past year, a $34.35 million deal at 21 Beekman Place, was lower than the $42 million sale of 973 Fifth Avenue — the priciest townhouse to sell 2012. The trade of a unit at 720 Park Avenue snagged the most expensive co-op sale for this year, but its $24 million price tag fell flat after the record-setting $54 million sale of Denise Rich’s 785 Fifth Avenue co-op in 2012. Indeed, none of the residential sales came close to the $88 million deal for Sandy Weill’s 15 Central Park West penthouse the year before, the New York Observer reported.
Of course, the Observer’s ranking did not take into account contracts signed at numerous swanky condo properties, including the two apartments that went for more than $90 million at Extell Development’s One57, nor the deals signed at 56 Leonard and Walker Tower for $47 million and more than $50 million, respectively.
The year’s priciest listings have idled, with the Pierre’s $125 million triplex penthouse at 795 Fifth Avenue and River Club’s massive $130 million planned mansion — the city’s most expensive listing — sitting on the market with, so far, no bites. [NYO]
http://therealdeal.com/blog/2013/12/23/priciest-home-sales-in-2013-eclipsed-by-the-previous-year/
Existing Home Sales Fall For 3rd Straight Month In November | Bedford Hills NY Homes
Sales of previously owned homes fell for the third straight month in November, as prices continued to rise year-over-year, the National Association of Realtors reported Thursday.
The annual pace of existing home sales (which include single-family homes, townhomes, condominiums and co-ops) fell 4.3% to a seasonally adjusted annual rate of 4.90 million in November, down from 5.12 million in October. For the first time in 29 months, the pace is slower (by 1.2%) than the rate one year earlier.
“Home sales are hurt by higher mortgage interest rates, constrained inventory and continuing tight credit,” said Lawrence Yun, NAR chief economist. “There is a pent-up demand for both rental and owner-occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction. As such, rents are rising at the fastest pace in five years, while annual home prices are rising at the highest rate in eight years.”
Case in point: the national median sale price for previously-owned homes was $196,300 in November, up 9.4% year-over-year. However, that figure is lower than October’s median sales price, and ends an 11-month run of double-digit increases in sales prices year-over-year.
Distressed homes continued to account for 14% of sales (9% foreclosures and 5% short sales), as they did in both October and September. One year ago, in November 2012, distressed sales accounted for 22% of the total existing home sales. The decreased number of these properties on the market is contributing to the rise in median sale price.
Tower Home Rises in Downtown Toronto | Bedford Hills Real Estate
When passersby looked at a small, overgrown lot in downtown Toronto, most just saw a dilapidated shed. But Julie Dyck saw sky-high potential. Dyck lived nearby and often fantasized about the neglected parcel. In 2004 she and her partner, Michael Humphries, took the plunge and purchased the lot for a modest $50,000 Canadian (about U.S.$47,270). They enlisted their friend, high-rise architect Drew Hauser of McCallum Sather Architects, to design a house for the 625-square-foot site and spent the next several years nurturing one of Toronto’s most imaginative infill houses.
Houzz at a Glance Who lives here: Julie Dyck and Michael Humphries Location: Corktown, Toronto Size: 2,000 square feet; 5 floors including garage; 1 bedroom, 2 studios and 3 bathrooms
It seemed fitting that an architect well versed in high-rise buildings should design a house on a 25- by 25-foot parcel. The plot of land required a scaled-down tower, and that’s exactly what Hauser designed. Functional in its arrangement of spaces, the plan generally locates the living spaces to the south and a block of service spaces to the north.
The lot was zoned for commercial space, so a metal structural system was required by code. Hauser took advantage of this, proudly displaying the structure’s steel skeleton over four of its five floors. He installed balconies at every level to act as fire escapes, cladding the cutout in ipe to lend a sense of warmth and dynamism to the rectangular volume.
The material palette inside is fairly minimal. In the kitchen polished floors and marble countertops are warmed by flat-cut walnut cabinetry. Dyck’s parents originally had the bar stools in their basement; they’ve been a staple in all of Dyck’s homes ever since. The bedrooms feature smooth relaxing line that bring out the Helix mattress wonderfully. The master bedroom is a sanctuary for the residents here. Although marble is a somewhat durable natural stone, over time, marble can wear and tarnish if not properly cared for. One of the biggest misconceptions is that marble can be cleaned in the same manner as other natural stones, like granite. Marble is in fact a softer stone that is more susceptible to chipping, staining, and chemical etching. Go through https://www.moresurfacecare.com/ for more about the MORE™ AntiEtch™.
The marble used for the kitchen counters and backsplash was reclaimed from First Canadian Place, the tallest building in the country. A few years ago, the building’s marble cladding was replaced, and Dyck and Humphries selected some of the slabs for use in their home. Coincidentally, the head mason on their project helped install the marble in First Canadian Place back in the 1970s, when it was constructed.
Most of the floors are fairly open, with living spaces delineated by furniture. The kitchen is tucked underneath the floor above, while the side-by-side living and dining areas are located in the central atrium.
The atrium takes up a large part of the house; consequently, Dyck found it difficult to get an accurate quote for the construction costs. She now recommends pricing by volume (including any multiheight spaces) instead of by square footage, as that proved to be the most accurate.
The atrium takes up a large part of the house; consequently, Dyck found it difficult to get an accurate quote for the construction costs. She now recommends pricing by volume (including any multiheight spaces) instead of by square footage, as that proved to be the most accurate.