Rye Home Sales - Rye NY Real Estate

Rye and Harrison N.Y. Recent Sales

November 28th, 2009 croughan Posted in Rye Home Sales, Rye Real Estate Comments Off

Rye
Address	Bedrooms	List Price	Sale Price	Market Time (Days)
10 Plymouth Rd	5	1,995,000	1,807,000	241
521 Purchase St	4	999,000	975,000	124
300 Grace Church St	7	4,995,000	4,400,000	112
26 Brevoort Ln	6	2,795,000	2,600,000	130
33 Valleyview Ave	6	2,850,000	2,500,000	107
47 Grace Church St	5	2,450,000	2,200,000	114
181 Soundview Ave	4	1,795,000	1,700,000	393
14 Mohawk St	3	1,399,000	1,275,000	164
49 Parkway Dr	4	949,500	880,000	69
27 Claremont Ave	3	845,000	750,000	103
85 Dearborn Ave	3	750,000	690,000	128
351 Park Ave	4	750,000	680,000	249
39 Tyler Cir	4	515,000	505,000	32
October Averages	4	1,775,962	1,612,462	151

Harrison
Address	Bedrooms	List Price	Sale Price	Market Time (Days)
5 Knightsbridge Manor Rd	6	2,575,000	2,600,000	107
10 Plymouth Rd	5	1,995,000	1,807,000	241
7 Cayuga Trail	4	1,175,000	1,080,000	121
40 Brae Burn Dr	5	1,299,000	1,060,000	82
521 Purchase St	4	999,000	975,000	124
157 Anderson Hill Rd	4	999,999	900,000	254
50 White Plains Ave	3	518,800	500,000	120
69 Preston Ave	3	519,900	497,000	138
226 Old Lake St	2	499,000	408,000	405
October Averages	4	1,175,633	1,091,889

*Information per raveis.com

Bill Raveis Shares Important Information for Buyers and Sellers on How to Evaluate Facts & Figures to Assist with the Home Buying and Selling Process.

November 18th, 2009 croughan Posted in Rye Home Sales Comments Off

Home Buyer’s Credit Update- What does it mean for Rye Real Estate and similarly affluent areas?

November 8th, 2009 croughan Posted in Rye Home Sales, Rye Real Estate Comments Off

The Home Buyer’s Tax Credit has been extended and some of the provisions changed since my last post on the subject. What are the details of the new law? Changes include:

Extension to April 30, 2010 contract signing, and the purchaser will have until July 1, 2010 to close.
Includes current homeowners that have used the home sold as a principal residence consecutively for 5 of the past 8 years, as well as first time home buyers.
Increased Income Limits to $125,000 single, $250,000 married.
$800,000 limitation on cost of purchased home.
Purchaser must attach documentation of purchase to tax return as an anti fraud provision.

Included here is the document table as provided by National Association of Realtors Government Affairs Division, please click below to read in full:

NAR ISSUE BRIEF HOMEBUYERS TAX CREDIT

First time home buyers still get 10% of the purchase price up to $8000 as a credit, but now existing homeowners can claim up to $ 6500 if they meet the criteria. While the increase in income limits opens the pool of potential buyers in the metro area, could the newly added $800,000 cap on sales price be a stumbling block for buyers in Rye, where the median sales price is consistently over the $1,000,000 mark (the median price of the 105 single family homes sold in Rye City since the beginning of this year is $1,350,000*). A time to take a second look at fixer uppers with expansion potential?

I tend to agree with the opinion of a recent Forbes.com article that some of the biggest winners in this scenario could be empty nesters and retirees who are planning to trade down. After selling their current home, many retirees tend to pay cash (or a high percentage of cash) to finance their downsized homes, and therefore would not be hindered by some of the recent credit restrictions that are frustrating some new potential buyers. I also think the home credit can be a boost for local singles or recently divorced parents looking for a downsized home or townhouse in the same highly rated school district.

There are 173 homes currently available at $800,000 or under in our selling area right now**- perhaps some of them deserve a look? Let me know- I would be happy to help.

*Information per WPMLS, Sales RSCD & RNSD, zip 10580, 1-1-09 to 11-7-09.

**Homes currently listed for sale $800,000 & under as per WPMLS 11-7-09 in Rye, Harrison, Mamaroneck, Rye Brook, & Port Chester N.Y.

Rye & Harrison Recent Sales

October 26th, 2009 croughan Posted in Rye Home Sales, Rye Real Estate Comments Off

		William Raveis Real Estate September 2009
Rye Address	Bedrooms	List Price	Sale Price	Market Time (Days)
225 Highland Rd	6	5,800,000	4,550,000	274
61 Park Dr	4	3,800,000	3,100,000	141
8 Philips Ln	5	7,050,000	6,500,000	142
8 Island Dr	4	3,995,000	3,200,000	526
40 Sonn Dr	4	2,350,000	2,450,000	13
11 Captains Ln	6	2,449,500	2,200,000	282
99 Hix Ave	5	2,250,000	2,200,000	300
59 North St	5	2,049,000	2,000,000	395
50 Florence Ave	4	1,695,000	1,600,000	65
7 Morehead Dr	5	1,495,000	1,490,000	29
9 Eldredge Ct	4	1,185,000	1,050,000	88
228 Central Ave	4	1,170,000	999,000	351
44 Reymont Ave	3	864,000	832,500	85
115 Coolidge Ave	3	739,000	720,000	94
60 Elmwood Ave	4	689,000	630,000	77
September Averages	4	2,505,367	2,234,767	191


Harrison Address	Bedrooms	List Price	Sale Price	Market Time (Days)
225 Highland Rd	6	5,800,000	4,550,000	274 (HCSD)
61 Park Dr	4	3,800,000	3,100,000	141
332 Sterling Rd	7	2,100,000	2,040,000	176
95 Stonewall Cir	5	1,590,000	1,460,000	212
93 South Rd	5	1,450,000	1,340,000	79
10 Springlake Dr	5	949,985	880,000	115
51 Anderson Hill Rd	4	889,000	828,888	128
47 High St	3	749,000	700,000	274
111 Oakland Ave	4	725,000	684,000	93
1 Old Lyme Rd	4	698,900	632,500	351
29 Webster Ave	3	575,000	550,000	188
September Averages	5	1,756,990	1,524,126	185