Brewster Fall/Winter 2018 Report

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

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