Brewster Brokerage FA L L / W I N T E R 2018 R E A L E S TAT E R E P O R T
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Greetings Neighbors,
A CAUTIONARY TALE
How quickly time flies! It seems just yesterday we were enjoying
news overall; it is a cautionary tale to homeowners interested
While the increase in home prices across the county is great
the pool, the kids were at camp and our air conditioners were working overtime. With winter, the holidays and a New Year right around the corner, it’s a perfect time to cozy up with a hot beverage and peruse the Houlihan Lawrence Brewster Office
in selling but who are waiting for prices to continue to rise before deciding to list. With a combination of rising home prices and an increase in lending rates, total pending home sales have decreased by 8% (YTD). Additionally, mortgage rates are
Fall/Winter Market Report.
expected to rise 2-3 more times in 2019 which will reduce the
THE MIGRATION NORTH
list prices.
buying power of some and cause less homes to be sold at higher
You, like me, may have migrated to Putnam from more southern parts of NY. My family started out in a small apartment in the Bronx then moved to our family home in Yonkers where my brothers and I grew up. From there, after I was married, we moved to rentals in Pleasantville and Hartsdale. Then twin babies came along and Mahopac became an attractive destination for us. I suspect that many area homebuyers share a similar story. The county has seen a 100% increase in the number of homes sold since 2009. A whopping 69% of these homebuyers have come from outside of the county like my family. Putnam has become a coveted destination for many and honestly, what’s not to love? The fresh air, great restaurants, wonderful lakes, farms, art scene and fun all-season outdoor activities meet the lifestyle needs of many of today’s homebuyers. You also get more bang for your buck in the housing market than NYC and Westchester,
Ultimately, the 2019 Putnam County housing market looks to be healthy. With the country enjoying eight straight years of job growth, low unemployment and record high personal net worth, the Putnam housing market should remain steady, however home sales may slow down and home prices may level off. As always, the real estate professionals at the Houlihan Lawrence Brewster Office are here to answer all of your questions and service all of your real estate needs. Feel free to give us a call, send us an email, or come in for a visit. We would love to learn about your goals and help you reach them. All the best, Aaron
with fewer taxes to boot.
HOME VALUES INCREASE
AARON C. VELEZ Brewster Brokerage Manager
Putnam home values have enjoyed an increase as well. Year-to-
Associate Real Estate Broker
914.720.7431 avelez@houlihanlawrence.com aaronvelez.houlihanlawrence.com
date (YTD) data shows that Putnam median home prices have
M
increased by 5%. When analyzing the median sale prices of the communities the Houlihan Lawrence Brewster Office serves, most have increased sale prices (some increased by double digits). DUTCHESS COUNT Y
PAWLING +15% PAT TERSON +8% C ARMEL +10%
BREWSTER +12% PUTNAM COUNT Y
PUTNAM VALLEY -2%
M A R K E T FAC TS
100%
69%
5%
Increase in homes sold since 2009
Percentage of out-ofcounty buyers since 2009
Increase in median sale price for Putnam County 2018 vs. 2017
MAHOPAC +5%
Median Sale Price Changes, HGMLS, 1.1.18-9.30.18 vs. 1.1.17-9.30.17, Condominium, Co-operative, Single Family, Multi-family 2-4, Multi-family 5+, land, Putnam County, Brewster, Carmel, Mahopac, Patterson, Putnam Valley, Pawling. Home sales increase: HGMLS, Condominium, Co-operative, Single Family, Multi-family 2-4, Multi-family 5+, land, Putnam County, sale date to 9.30.18. Buyer data: HGMLS, Putnam County, 10.1.09-9.30.18, all property types sold, Houlihan Lawrence Transaction Database, Percentages may not add up to 100% due to rounding.
A Selection of Our Recent Sales
20 SHERWOOD HILL , BREWSTER | $840,000
35 CHINA ROAD, C ARMEL | $750,000
ADDITIONAL SOLDS
9 C ARRIAGE HILL RD, BREWSTER
$640,000
35 RIDGE VIEW DR, PAT TERSON
$498,500
24 CUSHMAN ROAD, PAT TERSON
$485,000
169 DEAN ROAD, STORMVILLE
$475,000
44 ROUTE 292, PAT TERSON
$576,000
22 MILLPOND L ANE, HOLMES
$485,000
302 OLD FORGE DRIVE, C ARMEL
$475,000
27 BREEZ Y HILL DR, WINGDALE
$465,000
BR/BTH
SQ.FT.
LISTING PRICE
4,026
$425,000
67 Dean Road, Carmel
4/3
314 White Pond Road, Stormville
4/3 2,752 $420,100
179 Drewville Road, Carmel
3/2 1,990 $420,000
3 Elana Lane, Sandy Hook, CT
4/3 2,183 $415,000
53 Minor Road, Brewster
4/3
8 Balsam Drive, Brewster
3/3 2,04 4 $390,000
460 Horsepound Road,Carmel
4/3 2,160 $385,000
3,202
$399,900
257 Farm To Market Road, Brewster
5/2 2,310 $380,000
460 Milltown Road, Brewster
4/3 1,792 $375,000
14 Lincoln Road, Brewster
4/2 2,052
70 Red Mills Road, Mahopac
3/2 2,146 $365,000
$370,100
3 Breckenridge Road, Mahopac
2/2 1,464 $360,000
64 Fair Street, Carmel
3/2 1,624 $349,900
19 Turk Hill Road, Brewster
3/2 1,696 $335,000
17 North Road, Brewster
3/2 1,051 $333,000
452 Brewster Hill Road, Brewster
4/2 1,757
119 Chief Nimham Circle, Carmel
3/2 1,714 $325,000
$329,7 74
170 Tibet Drive, Carmel
3/2 1,672 $325,000
57 Sparrow Ridge Road, Carmel
2/3 2,408 $305,000
3980 Route 52, Holmes
3/2
1,404
$299,999
145 Chestnut Ridge Road, Mahopac
3/1
1,088
$290,000
556 Lake Shore Drive, Brewster
3/2 1,176 $282,500
139 Walnut Drive, Pawling
2/2 1,672 $260,000
11 Hemlock Circle, Pawling
2/4 2,013 $241,000
601 Twin Brook Court, Carmel
2/4 2,039 $236,000
7 Cromwell Court, Carmel
2/1 851 $235,000
17 Mt. Tom Road, Pawling
2/2 1,662
735 Route 292, Holmes
3/2 1,620 $230,000
53 Blackberry Drive, Brewster
4/3 2,391 $225,000
$233,333
17 Kent Lake Avenue, Carmel
22 1,17 3 $220,000
4 Yorkshire Road, Patterson
3/2
10 Batavia Road, Patterson
2/1 920 $206,000
1,560
$210,000
6 Barnard Road, Patterson
2/1 780 $185,000
59 Beekman Drive, Carmel
2/1 1,393 $175,000
12 Palmer Trail, Carmel
3/1 1,125 $172,000
13 Rosedale Road, Carmel
2/1 720 $170,000
5 Irby Road, Patterson
2/2 980 $150,000
10 Ottawa Road, Patterson
2/1 787
H O U L I H A N L A W R E N C E . C O M
$95,000
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The Best Exposure for Your Home Our cutting-edge marketing tools reach potential buyers worldwide.
Gallery Homes
of
SPRING ISSUE 2018
Spring 3.5.2018 cover final 3.5.2018.indd 1
2/15/18 5:33 PM
Stunning Magazines D I S T R I B U T E D I N T H E N E W YO R K T I M E S The Gallery of Homes, our flagship quarterly with 148,000 copies, features all Houlihan Lawrence listings. The magazine generates twice as many property inquiries than all other Houlihan Lawrence print advertising combined. Copies are inserted into The New York Times, reaching the top 5 high net-worth transacting zip codes in Manhattan and Brooklyn and is delivered to over 1,100 regional locations.
Professional Photography A PIC TURE IS WORTH A THOUSAND WORDS Our professionally-shot scenes capture every nuance and detail of your property, providing compelling visuals for all marketing efforts across digital platforms such as social media, houlihanlawrence.com, and other on-line advertising publications, as well as print media.
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Online Floor Plans
Houlihan Lawrence creates a steady presence for your property across key websites.
ENHANCE LISTING WITH D E TA I L E D F L O O R P L A N S A well-constructed floor plan allows serious buyers the opportunity to envision themselves, and their possessions, in each space.
C O N S U M E R R E A L E S TAT E W E B S I T E S
Zillow.com Trulia.com Realtor.com HomeFinder.com Brownstoner.com Homes.com TurpinRealtors.com (NJ)
NEWS WEBSITES
NYTimes.com Lohud.com PropertyListings.FT.com (Financial Times) $250K+* RealEstateAOL.com RealEstate.MSN.com RealEstate.Yahoo.com Zillow, Trulia & HomeFinder power home search tools on hundreds of additional national and local news websites
I N T E R N AT I O N A L W E B S I T E S
LeadingRE.com $500K+* MayfairInternationalRealty.com (Europe) $250K+*
Property Postcards TA R G E T I N G S E L E C T N E I G H B O R H O O D S We herald your home’s arrival in the market with beautifully designed property postcards to homeowners most likely to be considering a move.
CountryLife.co.uk (England) $250K+* PropGoLuxury.com (Asia) $250K+*
SOCIAL MEDIA
@houlihanlawrence @houlihanre @houlihanlawrence
HO U LI H A N L AW R ENCE.COM
A Selection of Active & In-Contract Listings
105 SHERWOOD HILL ROAD, BRE WSTER
47 LOL A L ANE , PAWLING
WEB# BN1461735 | $1,500,000
WEB# BN1504500 | $1,400,000
16 FRENCH L AKE ROAD, PAWLING
15 SHAILIN L ANE , BRE WSTER
WEB# BN1507944 | $995,000
WEB# BN1467278 | $965,000
3210 ROUTE 301, KENT
30 ELENA COURT, C ARMEL
WEB# BN1455324 | $865,000
WEB# BN1451375 | $857,000
15 BR ADFORD C T, BRE WSTER
12 BROOK VIE W DRIVE , C ARMEL
284 HOLMES ROAD, HOLMES
WEB# BN1497757 | $785,000
WEB# BN1463419 | $759,000
WEB# BN1510148 | $700,000
ADDITIONAL ACTIVES
BR/BTH
SQ.FT.
LISTING PRICE
47 Burton Farm (Lot 10) Road, Patterson
4/3 2,682
$579,000
280 Route 164, Patterson
3/3 2,924
$575,000
20 Burton Farm (Lot 4) Road, Patterson
4/3 2,682
$559,000
60 Margherita Lane, Pawling
4/4 3,099
$550,000
34 SPRUCETOP DR , M AHOPAC
20 E HOLLOW ROAD, BRE WSTER
53 Game Farm Road, Pawling
4/4 4,000
$549,000
WEB# BN1516246 | $700,000
WEB# BN1511190 | $680,000
85 Washington Road, Carmel
3/2 2,428
$515,000
76 Harden Drive, Lagrangeville
4/3 3,558
$500,000
33 Route 116, Purdys
3/2 1,223
$500,000
1 Hortontown Hill Road, Hopewell Junction 3/3 2,576
27 M ARBLE L ANE , PAWLING
20 BERRY L ANE , PAWLING
WEB# BN1436365 | $629,000
WEB# BN1506495 | $625,000
$500,000
10 Burton Farm (Lot 2) Road, Patterson
4/3 2,720
$499,000
10 Merrick Court, Brewster
3/3 2,430
$465,000
9 Alana Lane, Holmes
3/3 2,838
$425,000
57 Shore Drive, Brewster
3/2 2,150
$385,000
1001 Peekskill Hollow Road, Putnam Valley 3/3 2,600
$385,000
399 Tonetta Lake Road, Brewster
3/3 2,568
$369,900
83 Robin Drive, Carmel
3/2 1,742
$350,000
54 Towners Road, Carmel
3/2 2,200
$345,000
24 Lake Trail, Carmel
2/2 1,106
$334,900
10 Rebecca Drive, Pawling
3/3 2,893
$329,000
96 Cooledge Drive, Brewster
3/2 2,166
$310,000
3301 Chelsea Cove S, Hopewell Junction 3/2 1,298
$199,900
18 Trilsch Court, Carmel
0/1 784
$199,000
638 Gipsy Trail Road, Carmel
2/3 2,072
$195,000
144 Nimham Road, Carmel
4/2 2,576
$175,000
610 Milltown Road, Brewster
1/1 672
$90,000
110 FIELDS CORNER ROAD, C ARMEL
WEB# BN1513222 | $600,000
IN-CONTRACT
130 Cornwall Hill Road, Patterson | $560,000
A D D I T I O N A L I N - CO N T R AC T
BR/BTH
10 Crosby Road, Carmel | $425,000 SQ.FT.
2 East Drive, Carmel | $385,000
LISTING PRICE
BR/BTH
SQ.FT.
LISTING PRICE
4/3 1,785 $299,900
41 Shindagen Hill Road, Carmel
3/3 1,872 $367,500
107 Blueberry Lane, Stormville
9 Homer Drive, Brewster
3/3 2,324 $365,000
40 Ridgecrest Road, Lake Peekskill
1/1 1,100 $253,000
32 Blueberry Lane, Stormville
4/3 1,898 $350,000
6 White Pine Court, Carmel
3/3 2,200 $397,500
305 Overlook Court, Carmel
3/3 2,000 $325,000
35 Kent Lake Avenue, Carmel
3/2
1,422
$309,000
Celebrating 130 Years of Professional Real Estate Services Discover the Houlihan Lawrence difference.
TO N I A D D O N I Z I O Associate Real Estate Broker M 845.661.0664
MARK ANDERSON Associate Real Estate Broker M 845.721.9405
HEIDI CHANDLER Real Estate Salesperson M 646.287.1978
CAMILLE DUNBABIN Real Estate Salesperson M 845.531.8135
L I N DA F I N N Associate Real Estate Broker M 845.222.2587
JOSEPH FRANCO Real Estate Salesperson M 914.438.4011
MISTY SUE GARCIA Real Estate Salesperson M 914.513.8519
K AT H E R I N E G R AY Associate Real Estate Broker M 845.216.6958
K AT H Y I S O P Associate Real Estate Broker M 845.721.1692
NANCI KUBIK Real Estate Salesperson M 914.589.4609
TA L I A M A R I E L L A Real Estate Salesperson M 917.885.7987
W AY N E L A F R A N C O Associate Real Estate Broker M 914.844.2863
BARBARA MUELLER Real Estate Salesperson M 845.270.8416
D I A N N E O’ H A R A Associate Real Estate Broker M 845.494.4065
J O H N P E T R I L LO Associate Real Estate Broker M 914.403.4660
A DV I E N N E P E Z Z E L LO Real Estate Salesperson M 845.406.1414
J O H N R AV E T T O Associate Real Estate Broker M 914.656.0063
JEFFREY REDFIELD Real Estate Salesperson M 845.797.7774
L I N DA S A L I N G E R Associate Real Estate Broker M 914.282.1243
LEE SEACORD Real Estate Salesperson M 203.501.3290
L I N DA S E ACO RD Real Estate Salesperson M 845.520.8090
LARA TERSIGNI Real Estate Salesperson M 203.482.2790
KATE WHITE Real Estate Salesperson M 516.359.8646
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KAREN WILLMAN Real Estate Salesperson M 914.621.7043
H O U LI H A N L AW R EN CE.COM