MOST POWERFUL A G E N T N E T W O R K IN THE SOUND SHORE
THE
Q 3 -2 0 2 0
M A R K E T U P D AT E
RYE , H A R R ISO N A N D RYE N ECK
Greetings Neighbors, The year 2020 has been far from normal. It reminds me of the quip- “A man goes to a pyschic for advice. He knocks on the door. “Who’s there?” He walks away disappointed.” Back at the start of the year, not even the most clairvoyant could have foreseen the transformative events and conditions that have become routine: health issues, masks, social distancing, remote learning, Zoom meetings, outdoor dining and so much more.
SUSANNA CRONIN
Rye/Harrison Brokerage Manager Associate Real Estate Broker O: 914.976.7680 Ext. 222 SCronin@Houlihanlawrence.com susannacronin.houlihanlawrence.com
In the midst of this the residential real estate markets north of NYC have experienced a roller coaster from a promising start in January/February to being partially shut down for March/ April to intense activity from May til present. To the level that we have now surpassed the number of sold properties in Rye, Harrison & Rye Neck YTD this year versus last year. In 2020 we have seen the NYC buyers in Rye City School District comprise 48% of our buyer pool up from 29% last year, with our intra-Rye trade still strong at 41%, from 47% last year. The statistics bear out that we are in a market favorable to sellers: the supply/demand ratio is the lowest it has been in decades, indicating high demand, low supply/inventory and upward price support, with historically low interest rates (below 3% on 30 year fixed) albeit with the nuance that buyers hone in on value and have high expectations in the quality of their home searches. At the end of the third quarter, the number of sales and the pending sales have exceeded expectations. In the months ahead the market will depend on the availability of properties to meet the exceptional buyer demand. In summary, these ever-changing and challenging times require the ability to pivot and adapt by using market data and experience to best serve our buyers and sellers. Houlihan Lawrence agents are armed with the highest degree of expertise and analytics and are ready to go to work for you, to serve and support you, in every aspect of your real estate dealings.
Source: Houlihan Lawrence Transactions Database, includes all Houlihan Lawrence buyers and all other buyers of Houlihan Lawrence listings.
Onwards and upwards...and stay safe.
Susanna Cronin
H O U L I H A N L AW R E N C E 2020 RYE SCHOOL DISTRICT
#1
IS TH E RYE M A RK E T L E A D ER
S I N G L E - F A M I LY | V O L U M E S H A R E | B Y O F F I C E
44%
HOULIHAN LAWRENCE
36%
#2 #3
4%
#4
4%
#5
1%
MORE
H O U L I H A N L A W R E N C E H A S C LO S E D $ 2 6 6 M TO TA L D O L L A R V O L U M E - Y T D THAN OUR NEXT 2 CO M P E T I TO R S CO M B I N E D
Source: One Key MLS, 1/1/20 - 9/30/2020, total dollar volume of single family homes sold by office, Rye City School District.
@ H O U L I H A N L AW R E N C E
@HOULIHANRE
@ H O U L I H A N L AW R E N C E
R Y E B R O K E R A G E 9 1 4 . 9 6 7. 7 6 8 0
2020
RYE CIT Y SCHOOL DIS TRIC T
MARKET OVERVIEW
S I N G L E F A M I LY H O M E S ACTIV E LIS TIN GS
P E ND I NG L I S T I NG S
PRICE RANGE
1/1/20209/30/2020
2019 - 2020 % CHANGE
1/1/20209/30/2020
$0 - $499,999
0
-100%
$500,000 - $699,999
3
50%
$700,000 - $999,999
4
$1,000,000 - $1,499,999
5
$1,500,000 - $1,999,999
14
$2,000,000 - $2,499,999
13
$2,500,000 - $2,999,999
SO L D L ISTIN GS
2019 - 2020 % CHANGE
1/1/20209/30/2020
2019 - 2020 % CHANGE
0
0%
0
-100%
2
100%
4
33.3%
- 6 3 .6%
7
40%
19
5 .6%
-54.5%
4
300%
16
-33.3%
- 1 7.6%
7
133.3%
36
1 0 0.0 %
8.3%
4
100%
25
1 9.0 %
8
-20%
3
0%
8
- 4 2 .9 %
$3,000,000 - $4,999,999
6
-40%
8
33.3%
25
- 3 1 .6%
$5,000,000 and Up
12
9.1 %
1
–
5
1 5 0.0 %
Market Totals
65
-23.5%
36
71.4%
138
2.7%
Source: One Key MLS, 1.1.2020 - 9.30.2020 vs 1.1.2019 - 9.30.2019, single family homes sold, Rye City School District.
M A R K E T S N A P S H OT
138
# OF HOMES SOLD
S I N G L E F A M I LY H O M E S
78
$1.95M
AV E R A G E DAY S O N MARKET
MEDIAN SALE PRICE
97.3%
% SALE P R I C E TO LIST PRICE
Source: One Key MLS, 1/1/2020 – 9/30/2020, single-family homes sold, Rye City School District.
10 Year Market History 1 0 -Y E A R M A R K E T H I S T O R Y
Homes Sold Full Year $2,000,000
$1,835,000
$1,812,500
$1,800,000
$1,900,000
Homes Sold Year-to-Date $1,920,000
$1,950,000
300
$1,675,000 $1,500,000
250
$1,487,000
174 153 $1,000,000
132
113
168 140
147
152
168 147
149 150
152 119
119
200
125
122
135
126
120
138 100
$500,000
NUMBER OF HOMES SOLD
MEDIAN SALES PRICE
$1,514,000
$1,570,000
50
$0
UNITS SOLD
MEDIAN PRICE
0
2011 132
13% $1,514,000
26%
2012 153
2013
2015
2016
2017
16%
14%
20%
140
147
152
3%
11%
$1,570,000
$1,487,000
$1,835,000
$1,675,000
$1,812,500
$1,800,000
4%
174
2014
5%
23%
5%
9%
8%
168
1%
2018
2019
147
149
13%
1%
$1,900,000 $1,920,000
6%
1%
2020 168
13% $1,950,000
2%
Source: One Key MLS, 2011 - 2020, single family homes sold, Rye City School Districts. 2020 median price and year-to-date units as of 9/30/2020. Full year 2020 units are annualized based on actual sales year-to-date.
14 ELM PLACE, RYE NY
H O U L I H A N L AW R E N C E.CO M
2020
HARRISON SCHOOL DISTRICT
MARKET OVERVIEW
S I N G L E F A M I LY H O M E S ACTIV E LIS TIN GS
P E ND I NG L I S T I NG S
SO L D L ISTIN GS
PRICE RANGE
1/1/20209/30/2020
2019 - 2020 % CHANGE
$0 - $499,999
0
-100%
1
0%
1
–
$500,000 - $699,999
7
75 %
4
300%
8
- 2 7. 3 %
$700,000 - $999,999
11
- 2 6. 7 %
5
0%
31
14.8%
$1,000,000 - $1,499,999
25
- 1 6. 7 %
13
30%
37
- 5 .1 %
$1,500,000 - $1,999,999
22
-31.3%
12
300%
35
84.2%
$2,000,000 - $2,499,999
10
-33.3%
7
600%
7
-22.2%
$2,500,000 - $2,999,999
15
7.1 %
6
500%
10
0.0 %
$3,000,000 - $4,999,999
16
0%
2
-50%
5
- 2 8 .6%
$5,000,000 and Up
5
25%
1
–
1
- 5 0.0 %
111
-15.3%
51
96.2%
135
8.9%
Market Totals
1/1/20209/30/2020
2019 - 2020 % CHANGE
2019 - 2020 % CHANGE
1/1/20209/30/2020
Source: One Key MLS, 1.1.2020 - 9.30.2020 vs 1.1.2019 - 9.30.2019, single family homes sold, Harrison School District.
M A R K E T S N A P S H OT
135
# OF HOMES SOLD
S I N G L E F A M I LY H O M E S
91
$1.31M
AV E R A G E DAY S O N MARKET
97%
MEDIAN SALE PRICE
% SALE P R I C E TO LIST PRICE
Source: One Key MLS, 1/1/2020 – 9/30/2020, single-family homes sold, Harrison School District.
10 Year Market History 1 0 -Y E A R M A R K E T H I S T O R Y
Homes Sold Full Year
$1,300,000
$1,230,000
$1,182,500
$1,200,000 MEDIAN SALES PRICE
300
$1,395,000
$1,344,850
$1,250,000
$1,227,500
$1,310,000 250
$1,040,000 $949,000 $900,000
154 129
131
$600,000 103
98
114
144
111
159
145
172
170 148
150 124
122
138
124
111
135 100
$300,000
0
UNITS SOLD
MEDIAN PRICE
200
157
NUMBER OF HOMES SOLD
$1,500,000
Homes Sold Year-to-Date
50
0
2011 129
$1,344,850
16%
2012 131
2013
2014
2015
154
144
145
2%
18%
$949,000
$1,182,500
29%
25%
6%
2017
159
148
7%
15%
$1,230,000
$1,227,500
1%
$1,300,000 $1,040,000
10%
2016
20%
10%
18%
2018
2019
170
157
8%
10% 1
$1,395,000
$1,250,000
$1,310,000
14%
10%
2020 172
5%
Source: One Key MLS, 2011 - 2020, single family homes sold, Rye City School Districts. 2020 Median Price and year-to-date units as of 9/30/2019. Full year 2020 units are annualized based on actual sales year-to-date.
@ H O U L I H A N L AW R E N C E
@HOULIHANRE
@ H O U L I H A N L AW R E N C E
R Y E B R O K E R A G E 9 1 4 . 9 6 7. 7 6 8 0
2020
RYE N ECK SCHOOL DIS TRIC T
MARKET OVERVIEW
S I N G L E F A M I LY H O M E S ACTIV E LIS TIN GS
P E ND I NG L I S T I NG S
2019 - 2020 % CHANGE
PRICE RANGE
1/1/20209/30/2020
1/1/20209/30/2020
$0 - $499,999
0
0%
1
$500,000 - $699,999
5
- 2 8 .6%
4
$700,000 - $999,999
2
- 7 1 .4%
7
$1,000,000 - $1,499,999
4
- 4 2 .9 %
1
$1,500,000 - $1,999,999
4
33.3%
2
SO L D L ISTIN GS
2019 - 2020 % CHANGE
1/1/20209/30/2020
2019 - 2020 % CHANGE
-
1
- 6 6. 7 %
33.3%
13
62 . 5
600%
18
38.5%
- 75 %
17
8 8 .9 %
-
7
- 3 6.4% -50%
$2,000,000 - $2,499,999
1
-50%
2
-
2
$2,500,000 - $2,999,999
3
200%
0
0%
0
-
$3,000,000 - $4,999,999
3
50%
0
0%
2
0%
$5,000,000 and Up
0
100%
0
0%
1
-
22
-29%
17
112.5%
61
22%
Market Totals
Source: One Key MLS, 1.1.2020 - 9.30.2020 vs 1.1.2019 - 9.30.2019, single family homes sold, Rye Neck School District.
M A R K E T S N A P S H OT
61
S I N G L E F A M I LY H O M E S
62
# OF HOMES SOLD
$995K
AV E R A G E DAY S O N MARKET
98.1%
MEDIAN SALE PRICE
% SALE P R I C E TO LIST PRICE
Source: One Key MLS, 1/1/2020 – 9/30/2020, single-family homes sold, Rye Neck School District.
10 Year Market History 1 0 -Y E A R M A R K E T H I S T O R Y
Homes Sold Full Year $1,118,500
MEDIAN SALES PRICE
$1,000,000
$800,000
$400,000
UNITS SOLD
MEDIAN PRICE
$1,040,000
$999,999
58
63
67
74
66
69
49
80
47
52
46
75
63 64
47
125
100
87 67
$995,000
$852,500
$832,500
$799,000
53
61 50
36
$200,000
$0
150
$930,000
$640,000 $600,000
$1,100,000
50
NUMBER OF HOMES SOLD
$1,200,000
Homes Sold Year-to-Date
25
0
2011 67
2012 49
2013 63
2014 67
2015 74
2016 66
2017 69
2018 87
2019 63
2020 80
43%
27%
29%
6%
10%
11%
5%
26%
28%
27%
$799,000
$640,000
$832,500
$930,000
$852,500
$1,118,500
$1,100,000
$1,040,000
$999,999
$995,000
16%
20%
30%
12%
8%
31%
2%
5%
4%
Source: One Key MLS, 2011 - 2020, single family homes sold, Rye City School Districts. 2020 Median Price and year-to-date units as of 9/30/2019. Full year 2020 units are annualized based on actual sales year-to-date.
14 ELM PLACE, RYE NY
H O U L I H A N L AW R E N C E.CO M
A SELEC TION OF OUR
CURRENT LISTINGS
3889 PURCHASE STREET, PURCHASE | $5,495,000
4 1 0 G R A C E C H U R C H S T R E E T, R Y E | $ 8 ,4 9 5 , 0 0 0
7 B R O O K V I E W L A N E, RY E P.O. | $ 4 , 2 5 0 , 0 0 0
3 0 BE L L E V U E AV E, RY E P.O | $ 4 , 9 9 5,000
3 4 LO C U S T AV E N U E , R Y E | $ 2 ,4 8 3 , 8 0 0
6 5 F LO R E N C E AV E N U E , R Y E | $ 2 , 3 9 5 , 0 0 0
3 DA L P H I N D R I V E , R Y E | $ 2 , 2 9 5 , 0 0 0
9 C H E S T E R D R I V E , R Y E | $ 1 , 8 9 9, 0 0 0
6 E D G E W O O D D R I V E , R Y E | $ 1 , 7 9 9, 0 0 0
5 8 PA L I S A D E R O A D, R Y E | $ 1 ,1 0 0 , 0 0 0
7 2 0 M I LTO N R O A D, J 1 , R Y E | $ 1 , 0 4 9, 0 0 0
1 R I V E R S I D E V I E W, R Y E | $ 8 9 9, 0 0 0
List Your Home With The Proven & Trusted Market Leader RY E B R O K E R AG E 9 1 4 . 9 6 7. 76 8 0
H O U L I H A N L AW R E N C E.CO M
THE
MOST POWERFUL
AG EN T N E T WO R K
Consult with our team of experts today to discuss your real estate options. SUSANNA CRONIN Rye/Harrison Brokerage Manager Associate Real Estate Broker
DOUGLAS FORMAN Real Estate Salesperson
MARGARET MALGORZATA Real Estate Salesperson
KIMBERLY FORMON Real Estate Salesperson
JEFFREY O'BRIEN Real Estate Salesperson
PATRICIA D. GEOGHEGAN Associate Real Estate Broker
SUSAN O'BRIEN Real Estate Salesperson
CHELSEA GEORGIO Real Estate Salesperson
JULIA JULIE O'CALLAGHAN Real Estate Salesperson
ELAINE GIANNETTI Real Estate Salesperson
MARTHA OCEGUERA Real Estate Salesperson
MARIANNA GLENNON Real Estate Salesperson
WHITNEY OKUN Real Estate Salesperson
JUNE W. HATCH Real Estate Salesperson
DANNI PETTI Real Estate Salesperson
BARBARA B. HAYNES Real Estate Salesperson
ENID PINTO Associate Real Estate Broker
JENNIFER ROSE HIRSCH Real Estate Salesperson
AMIE A. PISANO Real Estate Salesperson
KATHY GRAINGER HOBBINS Real Estate Salesperson
DIANA LUCE PLUNKETT Associate Real Estate Broker
KATHERINE IRWIN Real Estate Salesperson
ANITA POTTBERG Associate Real Estate Broker
JUDY KELLY Real Estate Salesperson
BILLIE B. PRIZIO Associate Real Estate Broker
BARBARA KIRCHGAESSNER Real Estate Salesperson
ANGELICA RODRIGUEZ Real Estate Salesperson
MARY KMETZ Associate Real Estate Broker
CAROL ROSATO Real Estate Salesperson
MAUREEN D. KOECHELER Real Estate Salesperson
ALONA SEREBRO Associate Real Estate Broker
LISA LAI Real Estate Salesperson
SAMANTHA SMITH Real Estate Salesperson
LOIS LAVELLE Real Estate Salesperson
LORI B. SONKIN Real Estate Salesperson
NANCY LAWTON Associate Real Estate Broker
ANNALISE STACK Real Estate Salesperson
JULIE (ANNA) LEDER Real Estate Salesperson
BRIAN W. STACK Real Estate Salesperson
DORTHE DEUBLER Real Estate Salesperson
INGRID OLSON LOPP Real Estate Salesperson
DEBRA STRATI-PADAWER Associate Real Estate Broker
IRENE DITURSI Real Estate Salesperson
KATHERINE MARIEN Real Estate Salesperson
JANET STRIFFLER Associate Real Estate Broker
KATHERINE ANN DOHERTY Real Estate Salesperson
GREGORY McCARTHY Associate Real Estate Broker
JANE TURNER Real Estate Salesperson
ELLEN (BEYER) DOOLEY Real Estate Salesperson
SCOTT McELWEE Real Estate Salesperson
MARK VINIKOOR Real Estate Salesperson
AMY C ENSIGN Real Estate Salesperson
DONNA McELWEE Real Estate Salesperson
JAN VINIKOOR Real Estate Salesperson
NANCY EVERETT Associate Real Estate Broker
KENDRA MORAN Real Estate Salesperson
DOROTHY A. WALKER Associate Real Estate Broker
ARD G. FARRINGTON Real Estate Salesperson
PAUL D. MURPHY Real Estate Salesperson
ROTY WELSTEAD Real Estate Salesperson
VICTORIA FARRINGTON Associate Real Estate Broker
ELENA A. NAIR Real Estate Salesperson
CAMILLE ALLEN MORDAUNT Associate Real Estate Broker MARIANNA AMATO Real Estate Salesperson LARA BELLUSCIO Real Estate Salesperson AIMEE BESTER Real Estate Salesperson LINDA BONAVENTURA Real Estate Salesperson KENNETH BOUCHER Real Estate Salesperson SUSAN B. BRAGG Real Estate Salesperson MAY W. BURKE Real Estate Salesperson JANET H. BURNETT Real Estate Salesperson NICOLE CAPUANO BALL Associate Real Estate Broker BONNIE CARNAVALLA Real Estate Salesperson RUTH CHIZZINI Associate Real Estate Broker LAURA COASH Real Estate Salesperson DAYNA COHEN Real Estate Salesperson PEGEEN COSTA Real Estate Salesperson LISA DEFONCE Associate Real Estate Broker KATHRYN DELANEY Real Estate Salesperson JAMIE GENTHER DELANEY Real Estate Salesperson
WE ARE PROUD OF THIS ELITE G ROU P N A MED TO
CHRISSY HA ZELTON
Christine Hazelton Real Estate Salesperson
APRIL SA XE
Real Estate Salesperson
JOAN O’MEAR A & TEAM
Associate Real Estate Broker
LISA MURPHY
Real Estate Salesperson
LIZ ROSS
Elizabeth Ross Real Estate Salesperson
MICHAEL McCOOEY
Real Estate Salesperson
D I S COV E R T H E H O U L I H A N L AW R E N C E D I F F E R E N C E
RY E B R O K E R AG E 9 1 4 . 9 6 7. 76 8 0
Ranking reflects individuals or team sales data from all of 2019. The complete ranking of “America’s Best” can be found at www.realtrends.com.
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