Tag Archives: Lewisboro Real Estate

Lewisboro Real Estate

KB Home CEO: We’re in the right markets | Cross River Real Estate

KB Home’s chief executive officer sees a housing recovery taking hold in certain markets and feels well-positioned to capture some of the business.

“Across this country, we’re in the right markets,” said Jeff Mezger, president and CEO of KB Home ($32.67 0%) at the builder’s 2013 analyst conference.

Mezger addressed the crowd Tuesday, speaking to the recent growth and success of the homebuilder over the past year. Between investments, revenue generation and cost reduction, the average sales price for the company increase 24% year-over-year in the first quarter.

On top of that, 60% of deliveries were to first-time buyers, noted Mezger, who adds that today’s first-time homebuyers are bringing in more income and buying homes in better communities.

We have focused on both the long term and the short term, said Mezger, who adds the company’s stock over the last four months has been the top performer.

“We’re in the right markets today; it’s the right time,” added Mezger. “We like where we’re at.” Currently, the company is working in some of the strongest markets in the country: Arizona, California, Colorado, Florida, Metro D.C., Nevada, New Mexico North Carolina and Texas.

According to Mezger, 49% of KB Home’s ($24.67 0%) revenue in 2012 came from California; in the first quarter that increased to 51%. Texas is the biggest market by unit sales for the homebuilder.

Mezger noted that the builder likes its footprint and has no immediate plans to expand. “We will at some point, but it’s not necessary today,” he said.

County, NY state hit utility on complaints of slow restoration efforts after Cuomo order | Lewisboro Realtor

State and county officials had what appeared to be the first confrontation with a utility to speed up the restoration of power after the storm following Gov. Andrew Cuomo’s warning to companies to act fast.

State Director of Operations Howard Glaser said the response by New York State Electric and Gas Corp. to its customers without power in northern Westchester County was “silence, darkness and an utter lack of any NYSEG presence whatsoever.” Glaser then proposed a new motto for NYSEG: “Lights out, Nobody’s Home,” according to an email he sent to NYSEG President Mark Lynch that was obtained by The Associated Press.

“Any objective assessment is that NYSEG is by far the poorest performing utility in this situation in the state,” Glaser wrote.

An NYSEG spokesman said the utility was slowed by the number of trees downed during the superstorm, but more crews were coming in to help with its restoration efforts.

Cuomo and Westchester County Executive Robert Astorino were assigning monitors to watch NYSEG’s progress. Glaser said, if necessary, Cuomo would order another utility to take over the restoration effort for NYSEG customers.

Westchester County Executive Robert Astorino on Thursday said he and state officials met with the utility’s president Wednesday after residents complained. Officials said crews weren’t working to restore power the way other utilities were and the process was moving too slowly or was nonexistent.

Astorino says NYSEG also wasn’t communicating adequately. Public works crews were forced to wait to clear streets of trees and debris until they heard from NYSEG if downed lines were safe, he said.

NYSEG had about 114,000 customers without power at the peak, a tally that was down to about 80,000 by midday Thursday. The pace was similar to other utilities in New York: Statewide, the peak number of power outages was 2.2 million, down to about 1.6 million by midday Thursday. In a statement Thursday, the company said the majority of customers downstate should have power back by midnight Sunday, but some won’t get electricity back until midnight on Nov. 7.

The Cuomo administration said the volume of complaints from NYSEG’s northern Westchester service area prompted a tour Tuesday night, where they said they found none of the crews at work chain-sawing and splicing, as Consolidated Edison crews were doing. In addition, Cuomo spokesman Josh Vlasto said, NYSEG was singled out because it was slowest to return power the Metropolitan Transportation Authority needed to clear tunnels and power trains and pumps.

A NYSEG spokesman in Westchester didn’t immediately respond to questions about the meeting and the complaints, but a corporate spokesman, Dan Hucko, said the first essential task was to make sure the main transmission line was safe to handle power. That required walking and driving along the line and observing it by helicopter.

“That takes time, especially in Westchester and Dutchess and Putnam counties, because of the trees that were down,” he said. “It’s a pretty long, involved process. We have a lot of crews there and we are sending more crews down there on an hourly basis.”

He said crews from NYSEG’s sister company in Maine had completed restoration work at home Wednesday night and were headed to New York on Thursday to help out.

“I can imagine in some of the states and residential areas that people haven’t seen our crews because they have not gotten there yet, and there are other crucial elements.”

Astorino told the AP his meeting with Mark Lynch, president of NYSEG, was “very frank, candid and sometimes uncomfortable.”

“There was an obvious breakdown in communication between NYSEG and local communities that needed to be fixed immediately,” he said. “I don’t think there was a lot of lost time. There was some frustration.”

Astorino said he thought “things have gotten a little better” since his meeting with Lynch.

Lewisboro NY Homes | Town Board Gets Arbitration Appeal – Bedford-Katonah, NY Patch

Greenburgh Supervisor Paul J. Feiner has asked Bedford officials to join his campaign to end the use of arbitration panels in settling contract disputes with local police departments.

In a letter, Feiner said pay raises imposed by “unelected arbitrators” have exceeded inflation rates, imposing “excessive salary hikes on local governments around the state.” Eliminating the panels would make it easier, he said, to implement a state-imposed cap on property taxes.

“I would appreciate your contacting your state representatives in Albany and requesting that they push for the repeal of arbitration panels.” Feiner wrote in a letter to Supervisor Lee V.A. Roberts, who is on vacation and did not attend Tuesday’s meeting. With Deputy Supervisor Peter Chryssos also absent, the town board was reduced to three members and tabled the letter.

The state’s Taylor Law, which governs municipal collective bargaining, provides for arbitration when either a local government or its workers union declares that contract negotiations are at an “impasse.” A three-member panel—one named by the union, one by the government and a chair acceptable to both sides—then arbitrates.

Feiner said the Taylor Law, a product of the 1960s, was “outdated and should be repealed.”

“New York State should provide local officials with the ability to control all salaries under our jurisdiction,” he told the Bedford board members. “The buck should stop with elected officials who approve budgets, not with unelected arbitrators.”

Stars return to Bedford for movie shoot

No stranger to celebrity, Bedford will host Hollywood notables this month when a sci-fi family comedy movie, Robot and Frank, shoots scenes at 77 Heron Lake Road. The cast includes Frank Langella (Frank), Liev Schreiber (the robot’s voice), Susan Sarandon, James Marsden, Jeremy Strong and Liv Tyler. Shooting is scheduled for the weekend of July 23-24.

Farm stand needs a sign

For three years, Gwen Brant says, she’s put up her Daisy Hill Farm sign each morning in season, announcing fresh produce for sale at her West Patent Road farm. She’s taken it down each evening and has not had a problem. But now, she told the town board Tuesday, Bedford has ordered that the sign must stay down when it comes down. She appealed for permission to keep her sign up, a matter the planning board will now consider.

Homeowners Remodeling Not Moving | Lewisboro NY Homes

Bedford_tree_by_robert_paul

The March BuildFax Remodeling Index, which is based on building permit data, increased for the seventeenth straight month on a year-over-year basis as the residential remodeling industry continued to strengthen and more homeowners opted to stay where they are and remodel rather than move.

The index rose 14 percent year-over-year – and for the seventeenth straight month – to 98.0, the highest March number in the index aside from March 2006. Residential remodels in March were up month-over-month 2.9 points (3 percent) from the February value of 95.1, and up year-over-year 12.0 points from the March 2010 value of 86.0.

All regions except the Midwest posted year-over-year and month-over-month gains. The West posted the largest gains, up 18.5 points (22 percent) year-over-year and up 5.4 points (6 pecent) month-over-month. The Midwest saw significant drops, down 15.3 points (20 percent) year-over-year and 3.3 points (5 percent) month-over-month, perhaps due to a colder winter. The Northeast gained 2.7 points (4 percent) year-over-year and 4.5 points (8 percent) month-over-month, and the South improved 7.8 points (10 percent) year-over-year and 7 points (9 percent) month-over-month.

“The winter of 2010/2011 was one of the worst on record. The economy is continuing to struggle and gas prices have soared, however, consumers in March still continued spending on renovations and home improvements as they drove the remodeling industry to yet another month of solid gains compared to a year ago,” said Joe Emison, Vice President of Research and Development at BuildFax. “Significant improvements in the West continue to drive activity nationally to the best year in remodeling since 2006. Even though the Midwest saw a drop this winter, 

early data shows that remodeling in all regions will continue to prove out the economic recovery in 2011.”

BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 4,000+ cities and counties throughout the country.  The BuildFax database currently covers over 60 percent of the U.S. commercial and residential building stock with 6 billion data points

Full Story

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Lewisboro Wolves Benefit Hosted by Richard Gere | Lewisboro NY Homes

wolves at bedford post by r paul

Lewisboro NY Residential Real Estate    |    RobReportBlog

Existing home sales jump 12% | South Salem NY Homes

(Via CNN Money)

Sales of existing homes jumped in December, marking the fifth month of gains in the past six months, based on an industry report released Thursday.

Previously-owned home sales climbed 12.3% in December to an annual rate of 5.28 million, from 4.70 million in November, according to the National Association of Realtors.

That puts sales at the highest level since the homebuyer tax credit expired in June, said Stuart Hoffman, chief economist at PNC Financial Services Group.

The December rate came in much higher than expected. A consensus of experts surveyed by Briefing.com had forecast an annualized sales rate of 4.8 million. However, sales were down 2.9% from 12 months earlier and fell 4.7% in 2010.

“December was a nice finish to the year, but looking at the bigger picture — home sales and prices have been scraping along the bottom for the last three years,” Hoffman said. “So, while we’re not digging a deeper hole — the housing market is still quite weak, and there are still more homes available on the market than there are likely to be buyers.”

The median price of all existing homes sold in December was $168,800, down 1% from a year ago.

Meanwhile, the inventory of homes on the market fell 4.2% in December to 3.56 million units. That’s enough inventory to last 8.1 months, and is down from a 9.5-month supply in November.

While that’s an improvement, Hoffman said that data doesn’t reflect the large number of foreclosures that could soon enter on the market.

“What’s hidden behind the curtain are potential foreclosures adding to those inventory levels,” he said. “Even as we have jobs growing, inventory is still large and more foreclosures are going to be coming on the market. Prices will go down and it’s going to continue to be very much a buyer’s market.”

That said, Hoffman expects sales to gradually improve — rising about 4% or 5% — by the end of 2011, as the employment picture improves.

“I do think there will be more sales in 2011, because job growth will support homebuyers,” Hoffman said. “We’re getting back to the underlying demand without the homebuyer tax credit, but housing is still not contributing much to the overall economic improvement in the economy.” 

 

 

Full Story on CNN Money

Lewisboro NY Parks and Preserves | Lewisboro NY Real Estate

Lewisboro is rich in natural areas and is a component of the biotic corridor. Two Westchester County Parks are on Lewisboro’s borders, and there are 6 town parks and several community preserves.

Ward Pound Ridge Reservation is Westchester County’s largest (4,700 acre) park. In addition to many trails, there are camping facilities and a Trailside Museum. The main entrance is on route 121 in Cross River.

Mountain Lakes Camp is a County park on the northern border of Lewisboro, with beautiful ponds and trails in the forest. The most popular trail leads to Look Out Point which is perched on top of a cliff overlooking Lake Waccabuc,Lake Oscaleta and Lake Rippowam.


Onatru Farm on Elmwood Road is one of Lewisboro’s preëminent parks and includes tennis facilities and playing fields as well as some town offices. This area also includes some walking trails.

The Lewisboro Town Park on Route 35 contains tennis courts, the town pool, ball fields, and outdoor basketball courts. When ice skating is available in winter, a sign is posted. There are also some walking trails in this park that connect to the adjacent Ward Pound Ridge Reservation.

The Leon Levy Preserve was acquired by the town in 2006 as open space. While some trails exist in this 370-acre (1.5 km2) parcel, as of 2008 additional horse and hiking trails are under development and parking is still limited.

The Brownell Preserve is 118 acres (0.48 km2) of forested land given to the town. It has a 2-mile (3.2 km) trail that loops past an overlook of Lake Katonah.

The Old Field Preserve was obtained in 2003, and contains about 100 acres (0.40 km2) of woods, wetlands, and sizable old fields (thus, the name). The meadows will be preserved to support the birds and animals that are dependent upon this increasingly rare habitat.

Fox Valley Park has a variety of sports facilities for the town, including very busy soccer fields, ball fields, and tennis courts.
See Walking Wild Lewisboro for information on park facilities and trail maps.

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Lewisboro Real Estate Prices Rising in 2010 | Lewisboro NY Real Estate | RobReportBlog

Taking a look at the Katonah-Lewisboro school district real estate prices over the last ten years we found median prices were rising until their peak in 2007.  In 2008 and 2009 prices dropped.  In 2010 the median price for a Katonah-Lewisboro school district home rose again.

2000          $502,000

2001          $595,000

2002          $647,500

2003          $675,000

2004          $750,000

2005          $749,500

2006          $790,000

2007          $815,000

2008          $730,000

2009          $617,500

2010          $690,000

Inventory is still high but the median price in Lewisboro shows a good increase in 2010. 

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