MURPHY MARKET REPORT
COVER FEATURE | � CLUB ROAD, RYE | �LM�������
THE LISA MURPHY TEAM LISA MURPHY, Real Estate Salesperson
M: ���.���.���� | lisamurphy�houlihanlawrence.com | lisamurphy.houlihanlawrence.com
A resident of Rye and a Real Estate Professional for over 13 years in the Rye Houlihan Lawrence Office, Lisa provides unparalleled service dedicated to developing long term relationships with her clients. A background in finance and economics guides Lisa’s opinions and advice. Consistent top 1% at Houlihan Lawrence company-wide. Named #144 and #143, respectively, in 2014 and 2015, to REAL Trends/The Wall Street Journal “Top Thousand” Agents list nationwide. Selected for 2016 REAL Trends “America’s Best” list as one of the best real estate agents in New York.
PAUL MURPHY, Real Estate Salesperson
M: ���.���.���� | pmurphy�houlihanlawrence.com | paul_dmurphy.houlihanlawrence.com
Paul is a core member of the team. Paul received his MBA from The Wharton School at the University of Pennsylvania and spent 30 years in Equity Sales before joining the Lisa Murphy Team full-time in January of 2015. Paul helps with all aspects of the real estate process and analysis, assisting you every step of the way. He has an extensive list of tradespeople and contractors to help you get settled when moving into your new home and assist you when preparing to put your house on the market. We research and resolve any real estate issues to make sure the closing process goes smoothly and worry-free.
FIRST � MONTHS ���� CLOSED SALES • • • • • • • • •
15 Hilltop Place, Rye 96 Forest Avenue, Rye 8 Windcrest Road, Rye 129 Grandview Avenue, Rye 221 Kirby Lane, Rye 11 Seneca Street, Rye 10 Seneca Street, Rye* 25 Thorne Place, Rye 63 Midland Avenue, Rye
$6,000,000 $5,000,000 $4,265,000 $3,800,000 $3,500,000 $3,000,000 $2,315,000 $2,125,000 $1,795,000
• • • • • • • • •
10 Cloverdale Lane, Rye 1 Rye Road, Rye 18 Elmwood Avenue, Rye 21 Fairlawn Street, Rye 18 Sonn Drive, Rye 155 Old Lyme Road, Purchase 466 Park Avenue, Rye 40 Mendota Avenue, Rye 40 Oakwood Avenue, Rye
$1,400,000 $1,370,000 $1,260,000 $1,200,000 $1,031,000 $767,000 $12,000 $10,000 $9,000
$6,200,000 $3,595,000 $2,249,000
• •
4 Mohawk Street, Rye 346 Milton Road, Rye
$1,595,000 $799,000
IN CONTRACT • • •
14 Philips Lane, Rye 16 Jean Street, Rye 27 Hughes Avenue, Rye
*Listed and Sold by Lisa Murphy
If you are currently working with another broker, please disregard. All information is deemed accurate, but not guaranteed.
MURPHY MARKET REPORT · Q� - ����
FEATURED PROPERTIES
�� CONVENT LANE, RYE P.O. | �LM�������
� MANURSING WAY, RYE | �LM�������
��� GRACE CHURCH STREET, RYE | �LM������� MURPHY MARKET REPORT · Q� - ����
RYE CITY SCHOOL DISTRICT
QUARTERLY MARKET OVERVIEW Q3 2016
Q3 2015
% CHANGE
1.1.169.30.16
1.1.159.30.15
% CHANGE
ACTIVE LISTINGS*
97
96
1.0%
97
96
1.0%
LISTINGS IN CONTRACT*
20
17
17.6%
20
17
17.6%
HOMES SOLD
50
60
-16.7%
122
125
-2.4%
AVERAGE SALE PRICE
$1,962,634
$2,364,087
-17.0%
$2,108,719
$2,178,865
-3.2%
MEDIAN SALE PRICE
$1,719,500
$1,712,500
0.4%
$1,701,250
$1,700,000
0.7%
AVERAGE DAYS ON MARKET
51
67
-23.9%
74
71
4.2%
% SALE PRICE TO LIST PRICE
97.6%
98.7%
-1.1%
96.4%
97.0%
-0.6%
*As of September 30, 2016/5.
SUPPLY/DEMAND ANALYSIS AS OF SEPT ��, ���� PRICE RANGE
SUPPLY: ACTIVE LISTINGS
AS OF SEPT ��, ����
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
���� vs. ���� SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
$0 - $499,999
0
1
0
0
0
Not Valid
0.0%
Not Valid
$500,000 - $699,999
3
0
Not Valid
1
2
1
200.0%
-100.0%
$700,000 - $999,999
5
5
1
13
3
4
-61.5%
66.7%
$1,000,000 - $1,499,999
12
1
12
10
3
3
20.0%
-66.7%
$1,500,000 - $1,999,999
15
3
5
9
1
9
66.7%
200.0%
$2,000,000 - $2,499,999
4
4
1
18
2
9
-77.8%
100.0%
$2,500,000 - $2,999,999
10
2
5
8
1
8
25.0%
100.0%
$3,000,000 - $4,999,999
27
3
9
24
4
6
12.5%
-25.0%
$5,000,000 and up
21
1
21
13
1
13
61.5%
0.0%
20
5
96
17
6
1.0%
17.6%
Market Totals
97
Source: HGMLS, Single-family homes, Rye City School District.
MURPHY MARKET REPORT · Q� - ����
RYE CITY SCHOOL DISTRICT
SOLD PROPERTIES
YEAR-TO-DATE
YEAR-OVER-YEAR
������ �������
������ �������
CHANGE 2016/2015
������� �������
������� �������
CHANGE 2016/2015
$0 - $499,999
1
0
Not Valid
1
1
0.0%
$500,000 - $699,999
6
4
50.0%
7
4
75.0%
$700,000 - $999,999
20
20
0.0%
24
28
-14.3%
$1,000,000 - $1,499,999
29
28
3.6%
34
32
6.3%
$1,500,000 - $1,999,999
12
24
-50.0%
14
25
-44.0%
$2,000,000 - $2,499,999
25
15
66.7%
29
17
70.6%
$2,500,000 - $2,999,999
11
11
0.0%
14
14
0.0%
$3,000,000 - $4,999,999
13
14
-7.1%
15
16
-6.3%
$5,000,000 and up
5
9
-44.4%
6
9
-33.3%
122
125
-2.4%
144
146
-1.4%
PRICE RANGE
Market Totals
TEN-YEAR MARKET HISTORY HOMES SOLD YEAR-TO-DATE
HOMES SOLD FULL YEAR
NUMBER OF HOMES SOLD
MEDIAN SALES PRICE 2000000
$1,835,000 $1,675,000
1500000
$1,514,000
$1,412,500
$1,570,000
360 $1,675,000 $1,701,250
$1,487,000
$1,250,000 $1,200,000 1000000
154
500000
0
106
105
139
77
92
2007
2008
300 240
151
132
125
113
153
174
119
152
180
140
147
142
119
125
122 120 60
2009
2010
2011
2012
2013
2016YTD - median price is as of 9/30/16. Full year homes sold are annualized based on actual sales year-to-date.
MURPHY MARKET REPORT · Q� - ����
2014
2015
2016
0
HARRISON SCHOOL DISTRICT
QUARTERLY MARKET OVERVIEW Q3 2016
Q3 2015
% CHANGE
1.1.169.30.16
1.1.159.30.15
% CHANGE
ACTIVE LISTINGS*
159
149
6.7%
159
149
6.7%
LISTINGS IN CONTRACT*
26
26
0.0%
26
26
0.0%
HOMES SOLD
48
53
-9.4%
124
122
1.6%
AVERAGE SALE PRICE
$ 1,492,980
$ 1,393,586
7.1%
$1,488,427
$1,377,025
8.1%
MEDIAN SALE PRICE
$1,322,500
$1,200,000
10.2%
$1,308,000
$1,087,500
20.3%
AVERAGE DAYS ON MARKET
110
113
-2.7%
118
130
-9.2%
% SALE PRICE TO LIST PRICE
95.0%
94.4%
0.6%
95.1%
94.0%
1.2%
*As of September 30, 2016/5.
SUPPLY/DEMAND ANALYSIS AS OF SEPT ��, ����
AS OF SEPT ��, ����
���� vs. ����
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
$0 - $499,999
0
1
0
1
1
1
-100.0%
0.0%
$500,000 - $699,999
5
5
1
11
4
3
-54.5%
25.0%
$700,000 - $999,999
15
8
2
17
4
4
-11.8%
100.0%
$1,000,000 - $1,499,999
22
5
4
29
7
4
-24.1%
-28.6%
$1,500,000 - $1,999,999
38
3
13
30
4
8
26.7%
-25.0%
$2,000,000 - $2,499,999
19
0
Not Valid
13
1
13
46.2%
-100.0%
$2,500,000 - $2,999,999
15
3
5
10
2
5
50.0%
50.0%
$3,000,000 - $4,999,999
32
1
32
26
3
9
23.1%
-66.7%
$5,000,000 and up
13
0
Not Valid
12
0
Not Valid
8.3%
0.0%
159
26
6
149
26
6
6.7%
0.0%
PRICE RANGE
Market Totals
Source: HGMLS, Single-family homes, Harrison School District.
MURPHY MARKET REPORT · Q� - ����
HARRISON SCHOOL DISTRICT
SOLD PROPERTIES
YEAR-TO-DATE
YEAR-OVER-YEAR
������ �������
������ �������
CHANGE 2016/2015
������� �������
������� �������
CHANGE 2016/2015
$0 - $499,999
2
8
-75.0%
3
9
-66.7%
$500,000 - $699,999
15
16
-6.3%
19
20
-5.0%
$700,000 - $999,999
22
34
-35.3%
30
40
-25.0%
$1,000,000 - $1,499,999
39
21
85.7%
43
29
48.3%
$1,500,000 - $1,999,999
24
21
14.3%
26
28
-7.1%
$2,000,000 - $2,499,999
5
7
-28.6%
7
11
-36.4%
$2,500,000 - $2,999,999
9
10
-10.0%
10
11
-9.1%
$3,000,000 - $4,999,999
7
4
75.0%
8
6
33.3%
$5,000,000 and up
1
1
0.0%
1
1
0.0%
124
122
1.6%
147
155
-5.2%
PRICE RANGE
Market Totals
TEN-YEAR MARKET HISTORY HOMES SOLD YEAR-TO-DATE
HOMES SOLD FULL YEAR
MEDIAN SALES PRICE
NUMBER OF HOMES SOLD
2000000
360 $1,575,000
1500000
300
$1,502,500 $1,344,850 $1,200,000 $1,160,000
$1,182,500
142
0
82
115
500000
97
2008
129
114
103
131 98
154
144
114
111
145
158
122
124
73
62
2007
129
$1,308,000 $1,040,000
$949,000
1000000
$1,300,000
2009
240 180 120 60
2010
2011
2012
2013
2016YTD - median price is as of 9/30/16. Full year homes sold are annualized based on actual sales year-to-date.
MURPHY MARKET REPORT · Q� - ����
2014
2015
2016
0
RYE NECK SCHOOL DISTRICT
QUARTERLY MARKET OVERVIEW Q3 2016
Q3 2015
% CHANGE
1.1.169.30.16
1.1.159.30.15
% CHANGE
ACTIVE LISTINGS*
33
31
6.5%
33
31
6.5%
LISTINGS IN CONTRACT*
16
15
6.7%
16
15
6.7%
HOMES SOLD
25
25
0.0%
46
52
-11.5%
AVERAGE SALE PRICE
$ 1,462,200
$ 1,395,196
4.8%
$ 1,260,696
$1,225,835
2.8%
MEDIAN SALE PRICE
$1,400,000
$865,000
61.8%
$1,197,500
$860,000
39.2%
AVERAGE DAYS ON MARKET
65
88
-26.1%
56
84
-33.3%
% SALE PRICE TO LIST PRICE
93.1%
96.7%
-3.7%
98.0%
97.2%
0.8%
*As of September 30, 2016/5.
SUPPLY/DEMAND ANALYSIS AS OF SEPT ��, ����
AS OF SEPT ��, ����
���� vs. ����
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
SUPPLY: ACTIVE LISTINGS
DEMAND: PENDING SALES
SUPPLY/ DEMAND RATIO*
% CHANGE IN LISTINGS
% CHANGE IN PENDINGS
$0 - $499,999
4
0
Not Valid
1
3
0
300.0%
-100.0%
$500,000 - $699,999
1
4
0
7
2
4
-85.7%
100.0%
$700,000 - $999,999
4
6
1
6
3
2
-33.3%
100.0%
$1,000,000 - $1,499,999
7
2
4
4
2
2
75.0%
0.0%
$1,500,000 - $1,999,999
4
0
Not Valid
2
2
1
100.0%
-100.0%
$2,000,000 - $2,499,999
4
3
1
5
1
5
-20.0%
200.0%
$2,500,000 - $2,999,999
1
0
Not Valid
1
1
1
0.0%
-100.0%
$3,000,000 - $4,999,999
5
1
5
2
1
2
150.0%
0.0%
$5,000,000 and up
3
0
Not Valid
3
0
Not Valid
0.0%
0.0%
33
16
2
31
15
2
6.5%
6.7%
PRICE RANGE
Market Totals
Source: HGMLS, Single-family homes, Rye Neck School District.
MURPHY MARKET REPORT · Q� - ����
RYE NECK SCHOOL DISTRICT
SOLD PROPERTIES
YEAR-TO-DATE
YEAR-OVER-YEAR
������ �������
������ �������
CHANGE 2016/2015
������� �������
������� �������
CHANGE 2016/2015
$0 - $499,999
4
7
-42.9%
7
9
-22.2%
$500,000 - $799,999
7
12
-41.7%
12
19
-36.8%
$700,000 - $999,999
7
12
-41.7%
13
17
-23.5%
$1,000,000 - $1,499,999
15
5
200.0%
17
6
183.3%
$1,500,000 - $1,999,999
10
7
42.9%
13
10
30.0%
$2,000,000 - $2,499,999
2
4
-50.0%
4
5
-20.0%
$2,500,000 - $2,999,999
0
1
-100.0%
0
1
-100.0%
$3,000,000 - $4,999,999
0
2
-100.0%
1
3
-66.7%
$5,000,000 and up
1
1
0.0%
1
1
0.0%
46
51
-9.8%
68
71
-4.2%
PRICE RANGE
Market Totals
TEN-YEAR MARKET HISTORY HOMES SOLD YEAR-TO-DATE
HOMES SOLD FULL YEAR
NUMBER OF HOMES SOLD $1,197,500 120
MEDIAN SALES PRICE 1200000
$1,060,000 $960,500
1000000 800000
$950,000 $799,000
$755,000 61
600000
$933,750 $832,500
52
49
$640,000
63
49
58
36
43
40
400000
67
47
46
36
35
100
$855,000
65
73
45
51
65 46
60 40
200000 0
80
20 2007
2008
2009
2010
2011
2012
2013
2016YTD - median price is as of 9/30/16. Full year homes sold are annualized based on actual sales year-to-date.
MURPHY MARKET REPORT · Q� - ����
2014
2015
2016
0
FEATURED PROPERTIES
�� DAVIS AVENUE, RYE | �LM�������
� HIDDEN POND DRIVE, RYE BROOK | �LM�������
��� FOREST AVENUE, RYE | �LM������� MURPHY MARKET REPORT · Q� - ����
FEATURED RENTALS
� CLUB ROAD, RYE | �LM�������
�� SUMMIT AVENUE, RYE | �LM�������
If you are considering buying or selling a home this year, contact Lisa so that she can help you plan now for your 2017 transactions. Also, be sure to download Houlihan Lawrence’s innovative real estate mobile app onto your Apple or Android mobile devices: • • • • •
Free download from Apple or GooglePlay Smart phone and tablet friendly Features highly interactive map search GPS enabled searching Ability to draw your own search areas
Type into your browser or click on the following link to directly download the app: http://www.houlihanlawrence.com/go_mobile/426874?code=LisaMurphy MURPHY MARKET REPORT · Q� - ����
FROM RYE TO ROME WE SERVE CLIENTS ON
6 Continents
WITH PARTNERS IN 56 COUNTRIES
98%
OF THE WORLD’S COUNTRIES HAVE VISITED OUR WEBSITE
38
THE NUMBER OF LANGUAGES SPOKEN AT HOULIHAN LAWRENCE
4 Global Networks
GIVING OUR CLIENTS THE AREA’S LARGEST AND MOST EXTENSIVE GLOBAL REACH
#1 In Westchester
67% OF ALL HOMES SOLD OVER $2 MILLION IN WESTCHESTER IN 2015 WERE EITHER LISTED, OR SOLD, OR BOTH BY HOULIHAN LAWRENCE
Source: HGMLS, 1/1/15-12/31/15, single family homes sold over $2 million by company, Westchester County.
FROM RYE TO ROME Building an esteemed network does not happen overnight. We have been developing our powerful connections for 125 years. We understand world-wide markets. We have the area’s largest global network with international connections across 6 continents spanning 56 countries. Our local network of 30 offices is the most comprehensive in the area. And by integrating smarter data and the newest digital platforms, our private brokerage team can pair the right client with the perfect home - whether they’re around the corner, or across the globe. For more information on our powerful global network or the local real estate markets of Rye, Harrison and Rye Neck, please contact Lisa Murphy at 914.391.2655 or lisamurphy@houlihanlawrence.com.
MURPHY MARKET REPORT �RD QUARTER ����
�� DRAKE SMITH LANE, RYE | �LM�������