Rye, Harrison, Rye Brook | Q3-2020 Market Report

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.

30 130 1,300

LO C A L OFFICES

YEARS OF I N N O VAT I O N

EXPERIENCED AGENTS

An unrivaled network of real estate agents W O R K I N G F O R YO U

To see more, simply activate the camera on your phone or tablet, and hold it directly over the adjacent code.

R Y E B R O K E R A G E 9 1 4 . 9 6 7. 76 8 0