Tag Archives: Westchester

Westchester

NAR Reports Sales of Used Homes Drops | Armonk NY Real Estate

Sales of previously owned homes fell in October amid weak demand and concerns about the foreclosure process, putting sales for 2010 on pace to close at their lowest level in 13 years.

Existing-home sales declined to a seasonally adjusted annual rate of 4.43 million units last month, down 2.2% from September, the National Association of Realtors said Tuesday.

The figures provide the first sign of the impact that suspensions of foreclosed property sales have had on the housing market. Several banks halted those sales in late September to address questions about the integrity of the foreclosure process.

 .Housing markets across the country have been fueled by sales of bank-owned properties, and delays had prompted fears of a new round of aftershocks for battered housing markets.

“To the extent people had any concern about being able to get clear title, they’re going to stand back on distressed properties,” said Douglas Duncan, chief economist at Fannie Mae. He said foreclosure delays were one of many factors that justified the mortgage company’s “continued view of weak demand.”

Still, foreclosures and other distressed sales accounted for 34% of all sales last month, compared with 35% in September, according to a NAR survey of real-estate agents.

Ivy Zelman, chief executive of research firm Zelman & Associates Inc., said the foreclosure suspensions had contributed “modestly” to October’s decline and said she expected a similar impact in November.

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South Salem NY Real Estate Market Report | November 2010 | RobReportBlog

 
There are ninety (90) South Salem NY Homes currently available. This is nineteen (19) months of inventory at the current sales pace. The high unsold South Salem NY Home is $9,825,000 and the low is $269,000. The Median Price for an unsold South Salem NY Home is $749,000. The average size is 3021 square feet and is asking $307 per foot.

Over the last three (3) months fourteen (14) homes have sold. This is a 27.2% increase over the same period in 2009. The Median Price for a sold South Salem NY Home is $425,750. The average home took 229 days to sell, is 2381 square feet and sold at $203 per foot. The average South Salem NY Home sold at 91.50% of asking price.

In 2009 eleven (11) South Salem NY Homes sold in the same three month period. The Median Price was $512,500, took 146 days to sell and sold for $258 per foot. The average size for a sold South Salem NY Home as 2616 and sold at 89.37% of asking price.

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Westchester’s Best Bars For Happy Hour | Westchester Real Estate

Looking for a way to wind down at the end of the day? A sophisticated spot to savor a ruby-red Merlot with your partner or chat with friends over a cotton candy Cosmo? No longer simply loud singles’ enclaves offering $2 beer specials and a bowl of nuts, today’s upscale bars are more about small plates and gourmet offerings; lounge atmospheres that beckon with inviting plush sofas (and, often, live music); effortless bartender banter (big hellos to Todd at Croton Creek Steakhouse and Pete at Morton’s); and deals that can stretch into meals. Here, our list of fine wining and dining, happy-hour style.

BLT
221 Main St, White Plains
(914) 467-5500
Happy Hour daily, 5 to 7 pm
Walk through the elegant entryway of the Ritz-Carlton, Westchester, and the well-appointed hallways to BLT (or enter via the street) to find your happy-hour respite: a long wood bar and comfy beige sofas offering the perfect escape after a long day (or week) at the office. While smooth ’70s music plays over the speakers, grab a seat at the bar (note: these are upholstered seats, not stools) where, from 5 to 7 pm daily, you can enjoy the “5 at 5” menu, on which everything (including the drinks) is $5. Munch on a Kobe beef hot dog with spicy mustard, sesame-crusted asparagus with Meyer lemon dipping sauce, or steak tartare with olive cornichon mayo on sourdough toast while sipping a blackberry Margarita. There’s also a long list of wines and beers by-the-glass. Being of a certain age, with a host of wrinkles, I can’t help but say it’s worth drinking to!

Blue Hill at Stone Barns
630 Bedford Rd, Pocantico Hills
(914) 366-9600
Wednesday to Sunday, 5 to 10 pm
Blue Hill at Stone Barns is one of the most elegant settings in the county for quiet conversation and farm-to-table food. And while there is no happy hour, per se, a drink at the bar gives you the same exhilarating Blue Hill experience without the formality (no ties and jackets preferred at the bar). Sink into one of the deeply cushioned sofas and you might just find yourself turning into a regular. The thoughtful wine and beer list (from local breweries) and spot-on, knowledgeable service make you feel pampered and privileged, no matter how much (or little) you order. The food, needless to say, is the real star of the show, and so gorgeously displayed, you can’t help but marvel before taking a bite. Depending on the time of year (everything is seasonal), you might find a snack menu featuring local cheeses, beet and almond burgers, venison liver terrine, and drink specials that include a black currant Cosmo (citrus vodka, Triple Sec, black currant juice); an elderflower royal (cana, elderflower liqueur); a rhubarb Cosmo (citron vodka, fresh rhubarb, triple sec, fresh lime), or a sorrel margarita (sauza tequila, Triple Sec, fresh sorrel juice, lime juice, salt rim). It’s always a surprise and always delightful.

42
1 Renaissance Sq, White Plains
(914) 861-3226
Happy Hour Tuesday to Saturday, 5 to 6:30 pm
We’re pretty sure almost everything tastes better 42 stories above ground, but, truth be told, the drinks and small plates at 42 would no doubt be just as good if they were served on street level. Welcome to Chef Anthony Goncalves’s take on lavish lounging with a dimly lit den of a bar bathed in red beams of neon, complimented by the twinkling lights of the city below. For those looking for window seats with their drinks, there’s an assortment of chairs, sofas, and tables separate from the bar. Sip on a passion fruit mojito (cachaça, mint); Coming Up Roses (Bacardi Razz, Brut Champagne, rose water); or a White Plains (Maker’s Mark, Cointreau, St. Germain) while trying to decipher which building is which from your lofty perch. Sample something from the small-plates menu like the smoked boquerones or the eggplant caponata with olive oil and crusty bread or go for the $1 oysters. During happy hour, all specialty cocktails are $7, with half-price beers and cellar selections wines. Goncalves says his goal is to “give people the chance to come up and experience how different it is up here without committing to dinner.” Feeling like a tourist in your own town is always fun, which is why we advise spending plenty of time here, especially come long summer days and late sunsets.

Chappaqua NY Real Estate Market Report | November 2010 | RobReportBlog

Ninety-six (96) Chappaqua NY Homes are currently available in the market. The Median Price of an unsold Chappaqua NY Home is $1,064,000. The low price is $414,000 and the high price is $27,500,000. The average home is 3982 square feet, has been on the market 135 days and is asking $394 per foot.
 
Chappaqua NY real Estate is down 30% over the last three (3) months compared to the same period in 2009. This year there have been eighteen (18) sales with a Median Price of $850,000. The average sold Chappaqua NY Home is 3007 square feet, sold in 169 days and sold for $326 per foot. The average selling price for a Chappaqua NY Home is 92.88% of asking price.

In 2009 the average Chappaqua NY Homes was 3204 square feet, sold in 201 days and sold for $294 per foot. The average 2009 selling price was 93.37% of asking price.

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Bedford NY Holds the Traditional Turkey Trot Road Race | Bedford NY Real Estate

For the Cotter’s of Bedford, the Turkey Trot is a family affair—though they travel to New Jersey each year for Thanksgiving, they make sure to return in time for the 5K run back home, an event that has expanded from 225 runners in 2005 to the 400 participants expected for this year’s race.

The fitness-oriented family—Amy, her husband, and their three children, ages 13, 15 and 16—have participated since the event’s inception, and each year have different goals. “Sometimes the kids want to beat their Dad, or best their own personal time—or just finish the race,” she said. “It’s just a great thing to do—run on a crisp day and see your friends and neighbors.”

Building a community event, where people could reconnect in a fun and healthy way, was exactly what the organizers had in mind when they first came up with the idea, said Jennifer Schwartz, one of the event’s founders and annual organizers.

“We wanted to begin a tradition that was about family, health and the town—one last thing to do together before everyone goes into hibernation for the winter,” she said.

The 3.1 mile course is challenging: after starting at Bedford Village Elementary School, runners immediately head to to Seminary Road, then toward Indian Hill Road for a 200-foot climb; those who make it are rewarded with a coast downhill,  and to a flat finish through the village, ending at Bedford Village Memorial Park.

Because the goal was to host a family-friendly event, a children’s “fun run” has been a part of the Turkey Trot from the beginning, said Wendy Camerik, publicity coordinator.”One of the best parts has been seeing kids who started in the fun run move on to the full race,” she said. “From under 12 to over 70, we’ve got eight major age categories.”

Awards donated by Small Joys will be given to the top overall male and female finishers, and the top three male and female runners in each age grouping. Certified race results were made possible three years ago when they signed on a company to record each runner’s time via individual tags, said Schwartz. “That’s when we knew the race hat hit its stride as a high-caliber event, drawing runners from all over Northern Westchester,” she said.

And though they have the planning “down to a science” now, the first year was a bit hairer, according to Schwartz. After the town board unanimously approved their idea, they had only six weeks to throw it together.

“We’ve been so lucky to have such generous sponsors from the beginning—and we hope it brings potential shoppers to the area. All of the proceeds go directly toward running the race,” she said.

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Robert Paul: Third-quarter growth revised up to 2.5 percent | Bedford NY Real Estate

Town of Pound Ridge NY Has to Raise Taxes Again | Pound Ridge NY Real Estate

POUND RIDGE — Residents would see a 3.4 percent tax increase under the town’s preliminary budget.

The proposal would spend roughly $7.1 million for the general and highway funds, a $146,003 decrease from 2010, according to a town budget synopsis.

While spending is going down, the town is also decreasing the amount of surplus it has set aside in 2011 to help pay for town operations.
The 2010 budget appropriated $850,000 in surplus, while in the proposed 2011 budget, the amount of surplus used would drop to $500,000, said Steve Conti, the Pound Ridge finance director. The town’s goal in the coming years is to lower its reliance on surplus to fund expenditures, Conti said.

“At $850,000 a year, the fund balance would be zero in three to four years,” Conti said.

There are number of areas where the town will save money next year. The departure of a retiring highway department employee, for example, will save the town about $90,000, Conti said. The budget plan also calls for a wage freeze for town employees.

But the town faces rising expenses in other areas. The cost of providing health care to employees is expected to go up by $32,000 in 2011 and town contributions to workers’ pensions will increase $51,000, Conti said.

Deputy Supervisor Jonathan Powers said that amid a challenging budget environment, town officials have been scouring the budget lines looking for savings.


“It’s a modest tax increase,” Powers said. “Because we haven’t laid off any employees, there’s no reduction in services to the town.”
The tax rate for the general and highway funds is $11.81 per $1,000 of assessed value. For the owner of a home assessed at $179,629, the town average, the annual tax bill would be $2,121.44, or $69.86 more than 2010.

While the tax rate to pay for the general and highway funds is on the rise, the amount residents will pay for the land reserve tax will go down in 2011.

That’s because the land reserve tax temporarily declines for the next two years under a ballot initiative , passed this month, that renews the open-space levy for an additional 10 years.

The open-space tax is typically $1 per $1,000 of assessed value, but in 2011 it will be 50 cents per $1,000 of assessed value.
The public hearing on the budget is scheduled for 8 p.m. Dec. 2 at the Town House, 179 Westchester Ave.

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Pound Ridge NY Town Board has to Decide on New Cell Tower | Pound Ridge NY Real Estate

A group of Pound Ridge residents want the town board to defer making decision on a plans by T-Mobile’s for building a cell tower in Scotts Corners until a task force can be established to develop a new strategy for the town’s cell tower placements.

The 29-Acre Preservation Association is leading a group of residents who are expected to make their case for the task force during tonight’s public hearing on T-Mobile’s tower construction.

Association member Melinda Avellino said Pound Ridge needs a committee that can create a town-wide cell service “overlay” and evaluate all “new and existing equipment sites or plans, and ensuring that all application and zoning requirements are met by the applicant.”

“We believe that taking a proactive approach is necessary to ensure the responsible placement of cell service equipment that best protects its citizens,” she said.

Tonight’s hearing, scheduled for 7 p.m. at the town house, gives the board, as well as the public, the opportunity to review and comment on T-Mobile’s application for the special use permit it needs to construct a 130′ tower at the Pound Ridge Lions Club Ambulance headquarters on Westchester Avenue in Scotts Corners.

Aside from engineering and construction details, T-Mobile’s presentation will include an overview of the criteria used to select the ambulance corps location from among the 20-plus sites it considered for the tower — a process that began in 2007.

“We’ve invested three years and a lot of money working with town planners, engineering and building consultants to get this project in front of the public,” said Jane Builder,  Senior Manager of External Affairs for T-Mobile’s northeast engineering division. “We’ve been sensitive to the various concerns throughout the entire process, and approval from the board will mean cell service for this part of town is finally close to becoming a reality.”

Tower Location Lacking Consensus

But all time and money spent did not keep the board from voicing concerns over the ambulance corps site at its regular meeting last month. According to Deputy Supervisor Jonathan Powers, those concerns center around the topographical features of the location.

“On the one hand it limits the height of the tower and consequently the amount of service coverage,” Mr. Powers said. “On the other, the location and height of the tower will have a definite visual impact.”

Mr. Powers said the board was concerned enough to request that T-Mobile further explore the possibility of building a tower on an alternative site, on a tract of land owned by Oceanus Navigation, located on the opposite side of Westchester Avenue, near the top of Hemlock Hill Road.

He said the Oceanus Navigation location had been on T-Mobile’s list of possible sites and because the property’s elevation was much higher, it could accommodate a 170′ tower and significantly greater service coverage.  The site had been eliminated from consideration because after a year trying, T-Mobile had not been able to secure an agreement to lease the land from its owner.

At the board’s insistence, however, T-Mobile agreed to conduct a balloon visualization test on the property.

The 29-Acre association members present at the meeting reacted by openly challenging the board’s ability to act in the best interests of its constituents.

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Armonk NY Real Estate Market Report | November 2010 | RobReportBlog

 

There are ninety-nine (99) Armonk NY Homes currently available. The Median Price of an unsold Armonk NY Home is $1,299,400. The low price is $469,000 and the high price is $14,995,000. The average Armonk NY Home is 4845 square feet, has been on the market for 225 days and is asking $405 per square foot.

Armonk NY Homes finds sales are up 27% for the past three (3) months compared to the same period in 2009. The Median Price for a sold Armonk NY Home is $1,038,280 this year and was $1,024,687 last year. The average Armonk NY Home is 3684 square feet, takes 231 days to sell and averages $312 per foot. Armonk NY Homes sell at 93.66% of asking price

In 2009 the average Armonk NY Home sold was 3825 square feet, sold in 206 days at $306 per foot. In 2009 Armonk NY Homes sold for 94.30% of asking price.

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Pound Ridge NY Real Estate Report | November 2010 | Rob Report Blog

 

Eighty-five (85) Pound Ridge NY Homes are currently available. The Median Price for Pound Ridge NY Homes is currently $989,800. The low Pound Ridge NY Home for sale is $317,000 and the high is $10,000,000. The average home takes 132 days to sell. The average size for a Pound Ridge NY Home is 4090 square feet and is asking $344 per foot.

Over the last three (3) months the Pound Ridge NY Real Estate Market is up 27% compared to the same period in 2009. The current sold Median Price in Pound Ridge NY is $796,675. In 2009 the Median Price was $825,000. The average Pound Ridge NY Home selling is 3353 square feet, takes 165 days to sell and averages $271 per square foot. The average selling price to asking price in Pound Ridge is 92.55%.

In 2009 the average Pound Ridge NY Home was 3498 square feet, took 230 days to sell, and averages $267 per foot. The average Pound Ridge NY Home sold at 92.81% of asking price in 2009. (source: EAMLS.)

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