Danielle Clement Homes 27th Edition EMagazine

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Twenty-Seventh Edition

Home Start Hope Sponsorship As the headline Sponsor of Home Start Hope’s Tablescape event, DCH will be at Oak Hill Country Club on Sunday, May 5th in support of their mission! As a board member, Nancy serves HSH by bringing awareness and providing her wisdom. At our last Women Supporting Women in Business Event, we raised over $3,600 and featured what this incredible organization does for our community!

For more information visit: https://homestarthope.org/

Spirit of the Holidays Client Appreciation Event was a huge SUCCESS! Thank you to all our clients who attened our annual appreciation event at Oak Hill Country Club! It was a memorable afternoon full of fun and laughter! The whole DCH team and the Golisano Children’s Hospital Thank You for your generous donations that were made during our Toy Drive!

Market trends in our area

Comparing data from December 2023 and December 2022 Source: Market Statistics from the GRAR Closed Sales

Median Sales Price Dec 2022

Dec 2023

$205,000

$240,000

Active Inventory

17.1%

2023

563

2022

657

Median Days on Market 2023

30.1%

2022

8

14.3%

New Listings 7.1%

8

0.0%

Median Sold $/SqFt 2023 2022

367 525

Call me

$151 2023 $133 2022

13.5%

2023 301 2022 324

for a complimentary home market analysis today and to learn more about today's market!

68 N Main St, Geneva |

$415,000

An amazing opportunity to own a elegant home in the heart of Geneva!

Tons of character, charm, and modern amenities!

An additional apartment with separate entrance for rental potential!

A great location near all Geneva restaurants, shopping and Seneca Lake!

Stately & elegant 19th century Victorian with charm & character! Original woodwork, stunning stained glass windows, impressive foyer & front door, this home built by architect Wilbur Bacon Camp is movein ready w/ modern amenities. This architectural gem features 4 bdrms, 2.5 baths in the main house. You will be captivated by timeless character & warmth in every room. Natural light fills the living & dining rooms which showcase custom woodwork. In the study, enjoy an evening glass of Finger Lakes wine while playing chess beside the fireplace. The 1st flr bdrm features an ensuite full bath. The updated kitchen features newer appliances. 3 bdrms & a full bath upstairs provides ample space for family & guests. Inviting covered front porch. Spacious back deck leads to park like backyard. Add'l 1 bdrm, 1 full bath apt w/ eat-in kitchen & separate entrance presents a fantastic investment opportunity or in-law suite. This meticulously maintained home is operated as a successful short term rental. Located within walking distance to Seneca Lake, downtown Geneva and the hospital, don’t miss this rare opportunity to invest in a piece of history while enjoying the comforts of modern living.

Pending!

73 Chapel St, Canandaigua |

$269,900

Embrace this welcoming Colonial minutes from all of Canandaigua amenities!

Peaceful setting and walking distance to schools, parks and so much more!

Tons of space on the first floor to meet all your needs!

Newer roof, vinyl siding, replacement windows, updated kitchen & fresh paint!

512 Plank Rd, Walworth

Stellar Sold Results!

15 showings SOLD $227,600

11 Pinewood Ln, South Bristol 4 showings SOLD $176,400

5550 Mobile Rd, Canandaigua 17 showings SOLD $195,000

Sale Pending!

361 N Main St, Canandaigua

Our Sellers receive winning results!

9 showings SOLD $425,000

4174 West Lake Rd, Canandaigua 6 showings SOLD $1,285,000

1806 Trellis Cir, Webster 32 showings SOLD $717,000

Valentine’s Night Dinner: Ingredients: -8 (6 ounce) chicken cutlets -1 teaspoon salt -½ teaspoon black pepper -16 large fresh sage leaves -16 thin slices prosciutto -3 tablespoons olive oil -1 cup dry white wine -1 cup low-sodium chicken broth -½ stick butter

40

30

30 mins

8 servings

350 calories

20

10

0

https://www.bonappetit.com/recipe/ChickenSaltimbocca

Item 1

Item 2

Item 3

Item 4

Chicken Saltimbocca Preparation: Step 1: If cutlets are thick, lay them between 2 sheets of wax paper and pound to 1/2-inch thickness using the flat side of a meat mallet or the bottom of a small, heavy skillet. Season with salt and pepper. Place 2 large sage leaves on top of each cutlet, then wrap 2 slices prosciutto crosswise around each cutlet, holding sage in place.

Step 2: Heat 1 1/2 tablespoons olive oil in a large skillet over medium heat. Add 4 cutlets and cook until no longer pink in the center and the juices run clear, about 2 minutes per side. An instant-read thermometer inserted into the center should read at least 165 degrees F (74 degrees C). Transfer to a platter; tent with foil to keep warm. Repeat with remaining 1 1/2 tablespoons olive oil and remaining 4 cutlets.

Step 3: Pour wine into the same skillet; simmer, scraping up any browned bits with a wooden spoon, about 1 minute. Pour in broth and simmer until slightly reduced, 4 to 5 minutes. Remove from heat; add butter and swirl the skillet until butter has melted and sauce is creamy. Spoon 2 tablespoons sauce over each cutlet to serve.

Turnaround in Home Sales predicted for 2024 Written by: Melissa Dittmann Tracey NAR Magazine Borrowing costs are expected to ease further next year, which should entice buyers to return to the market. But there’s a wild card that could stunt sales growth.

After two years of sharp declines, existing-home sales are poised for improvement in 2024. But first, this slice of the housing market must weather the rest of a rocky year in 2023, with existing-home sales expected to end up 18% lower than those of 2022, according to the National Association of REALTORS®. That puts these transactions on track for their worst year in more than a decade.

NAR Chief Economist Lawrence Yun joined other leading housing analysts Tuesday at NAR’s virtual Real Estate Forecast Summit to discuss sales projections heading into 2024—and the experts agreed that better days are ahead for the real estate market.

Mortgage rates likely have peaked and are now falling from their recent high of nearly 8%. NAR predicts the 30-year fixed-rate mortgage to average 6.3% in 2024; realtor.com® projects 6.5%. This likely will improve housing affordability and entice more home buyers to return to the market, Yun says. NAR’s data shows that rates near 6.6% enable the average American family to afford a median-priced home without devoting more than 30% of their income to housing, the threshold commonly used to measure affordability.

NAR is projecting that existing-home sales will rise 13.5% and new-home sales— which are up about 5% this year, defying market trends—could increase another 19% by the end of next year.

Markets to Watch in 2024: Some housing markets likely will experience higher sales upticks in 2024 than others.

“Job growth will be a determinant for long-term housing demand,” Yun said.

NAR evaluated 100 of the largest U.S. metro areas to identify the markets with the largest pool of potential home buyers, the greatest likelihood for home price appreciation and more. The following markets have the most pent-up housing demand for 2024, according to NAR: 1. Austin-Round Rock-Georgetown, Texas 2. Dallas-Fort Worth-Arlington, Texas 3. Dayton-Kettering, Ohio 4. Durham-Chapel Hill, N.C. 5. Harrisburg-Carlisle, Pa. 6. Houston-The Woodlands-Sugar Land, Texas 7. Nashville-Davidson–Murfreesboro–Franklin, Tenn.

8. Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. 9. Portland-South Portland, Maine 10. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V. Inflation Remains a Wild Card Danielle Hale, chief economist at realtor.com®, said at Tuesday’s summit that while she’s optimistic the housing market will improve in 2024, inflation is the issue that could derail optimistic real estate forecasts. If inflation doesn’t continue to improve, she said, it could raise long-term interest rates, which then could discourage more homeowners from selling and prolong the inventory bottlenecks in the market.

Younger generations of home buyers may continue to be sidelined by higher housing costs and remain as renters. “That could have huge ramifications for the housing market,” Hale said. “The inflation data is very important to watch.”

Overall inflation has been easing, although “shelter inflation” continues to rise. The latest reading of the Consumer Price Index showed that inflation decreased to 3.1% in November. (The Federal Reserve’s target for the inflation rate is 2%.)

Yun said an “oversupply” of new apartment units will hit many housing markets in the coming months, which could bring rental rates down and help better control inflation.

Hopefully, he added, that will disincentivize the Fed to continue raising its short-term rates.

Regardless of inflation and mortgage rates, the 2024 housing market likely will remain challenging, particularly for first-time buyers who are unable to leverage the proceeds from a previous home sale, summit panelists noted. Plus, amid record low inventory, finding a home to buy will be a top hurdle. Homeowners remain reluctant to sell and give up the low mortgage rates they locked in two years ago. Further, homebuilders have underproduced for decades, leading to a shortage of 5 million housing units nationwide, according to NAR research.

However, current homeowners are in an envious position: With rapid home appreciation in recent years, owners will grow their nest egg in 2024. Even those in markets that are expecting slight dips next year will be able to weather the drop. Home price appreciation has jumped by about 5% over the past year alone. The typical homeowner has accumulated more than $100,000 in housing wealth over the past three years, NAR’s data shows. Plus, the wealth comparison between homeowners and renters continues to be significant: The typical homeowner has $396,200 in wealth versus $10,400 for renters, according to Federal Reserve data. “Over the long term, homeowners build wealth over time,” Yun said.

https://www.nar.realtor/magazine/real-estate-news/economists-turnaround-in-home-sales-likely-in-2024

Meet our Team Concierge Rachel Pasquarelli

607-426-2123

DCHConciergeTeam@gmail.com

Rachel has a bachelor's degree in business management from SUNY Geneseo and over 20 years of experience in the hospitality industry as an accomplished floral designer and business owner.

Over the past 15+ years, Rachel and her husband have also purchased, improved, and sold several homes including a vacation home and a short term rental.

This sparked a deep interest in real estate and home staging.

In her role as team concierge, Rachel oversees the set up of new listings, the onboarding of new buyers, and assisting the team agents with real estate based activities. Her experience in the hospitality industry lends itself well to this fast-paced, client-focused role.

Meet our Team Client Care Coordinator Kelly Schorr 585-298-2208

Clementclientcare@gmail.com

Kelly received a Bachelor’s degree from the School of Industrial and Labor Relations at Cornell University. She has held several positions at both Paychex and Constellation Brands but her most fulfilling professional opportunity was working for local Real Estate agent Cathy McWilliams as a Buyers Agent and she had always hoped that her career would lead her back into the Real Estate industry some day!

Kelly’s background in Real Estate and in seeing buyers through the entire process of their home purchase has provided her with invaluable experience that will help her to serve both DCH agents and clients.

In her role as Client Care Coordinator Kelly will prepare and manage active listings, buyers and pending contracts while ensuring clients have an unparalleled experience before, during and after the transaction!

Contest time

DCH is a proud supporter of our local girl scouts and we will be purchasing 100 boxes from one girl who is nominated via our social media contest!

ANDDDD THE WINNER IS...

Adelyn Cummings!!!

Congratulations to Adelyn on being our winner!

Meet

the DCH team Danielle Clement Broker Owner Team Lead 585-450-3100 (o) Danielleclementhomes@gmail.com www.Danielleclementhomes.com

Nancy Musselman Licensed Real Estate Salesperson

Tina Sallazzo

Licensed Real Estate Salesperson

Lisa FitzGerald

Amanda Doremus

Licensed Real Estate Salesperson

Licensed Real Estate Salesperson Marketing and Media Design

Stephanie Shepard

Rachel Pasquarelli

Kelly Schorr

Director of Operations

Team Concierge

Client Care Coordinator

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