Adirondack Real Estate Market Report | Spring 2016

Adirondack Real Estate SPRING 2016

2

GREETINGS FROM KEIR

4

NOTABLE SOLD LISTINGS

7

COMPANY NEWS

3

MEET THE TEAM

6

REAL ESTATE & TECHNOLOGY

8

FEATURED LISTINGS

Meet The Team

Greetings!

We hope this finds you and your family well. As we look back on the first quarter of 2016 now, we are again encouraged by what we see in the real estate market in the Adirondack Park and surrounding areas areas in Upstate New York. Our Team had a very strong year in 2015. We led Select Sotheby’s International Realty as the #1 Sales Producer in the entire company in the State of New York. We were also the #1 Sales Producing team in the entire Adirondack Park as well. We continue to build on that success with a strong start to the new year.

With interest rates still low, confidence improving and more buyers entering the market, we feel 2016 will continue to build upon the story of the strengthening real estate market nationally and regionally. Our Team of real estate professionals are property and market experts. We are passionate about our work and each and every one of our valued clients.

Take a few minutes to read through this Adirondack Market Report. It highlights some of our recent notable sales, noteworthy new listings in our portfolio, and other helpful information. As always, if you have any questions about the market, specific properties or Adirondack real estate in general, please don’t hesitate to reach out to our team. Thank you again for being a part of our growing story, we look forward to connecting with you soon.

Kristin Dowling Licensed Real Estate Salesperson A licensed real estate salesperson, Kristin will help you find the perfect property for you and your familiy.

Connect with Kristin 518.253.6991 Email Kristin

Julie McDonough Executive Assistant Julie approaches each new business challenge with a keen eye for innovation, creative solutions, and the desire for team success.

Connect with Julie 518.867.9649 Email Julie

Madison Schmalz Digital Strategist Madison’s enthusiasm, experience, and drive are traits valued highly by The Keir Weimer Team.

Connect with Madison 518.580.8500 ext. 3040 Email Madison

About The Team The Keir Weimer Team of Select Sotheby’s International Realty is the Adirondack Park’s #1 Real Estate Team.

The Team specializes in working with both buyers and sellers of residential, commercial and vacant land properties in the Adirondack Park region. With experience in handling complex and diverse transactions, the Team provides clients with unrivaled market expertise, marketing and valuation skills, and a unique white glove client experience. The Keir Weimer Team has the negotiation skills to assist, advocate, and counsel clients throughout the entire buying or selling process.

Best regards,

Adirondack Park Real Estate Team

Keir Weimer

What makes The Keir Weimer Team of Select Sotheby’s International Realty experts in Adirondack Park Real Estate? Not only do the team members live and work here, but they also have decades of combined experience exploring, interacting with, and appreciating the Adirondacks. Each member of the Team understands the draw of the Adirondack Park and shares a unique connection to this region. They are passionate about sharing the splendor of the Adirondacks and the area’s uniquely rustic and luxurious lifestyle.

Buying or Selling Adirondack Real Estate?

If you are interested in buying residential Adirondack real estate, please view our current list of featured Adirondack

10 properties for sale. If you’re thinking about listing your property this year, learn more about the competitive advantage of both The Keir Weimer Team and Select Sotheby’s International Realty by clicking here.

The #1 Adirondack Real Estate Team

President and Founder 2

Spring 2016 | Adirondack Real Estate

AdirondackPropertyForSale.com

AdirondackPropertyForSale.com

Spring 2016 | Adirondack Real Estate

3

Notable Sold Listings

Notable Sold Listings 10145 Black Hollow Road | Remsen, New York SOLD at 94% of List Price: $310,000

On 151 lush acres of quiet farmland sits this beautifully restored 5 bedroom, 3- and- a- half bathroom farmhouse. Built in 1890, this home is approximately 2,800 square feet. It was carefully restored with a great level of care and adherence to the historical integrity of its era. The current owner completed a seamless addition which provides more first- level space to this home’s already inviting layout.

The North Woods Inn | 4920 NY-28, Old Forge, New York SOLD at 84% of List Price: $1,642,500

The North Woods Inn is a beautiful and successful resort complex in the heart of the Adirondack Park.

This Old Forge commercial real estate property sits on 13.53 acres and boasts 600 feet of waterfront on Fourth Lake. The sweeping views of Fourth Lake in Old Forge, NY will take your breath away; this area exudes tranquility, beauty, and peace. The property features 28 rooms spread between 3 cabins, 17 motel rooms, and 8 rooms in the main lodge, including staff or owner/operator quarters.

Fieldstone Lodge | 4540 Route 28, Old Forge, New York SOLD at 97% of Listing Price: $1,250,000

Historic Fieldstone Lodge listed and sold for the first time in 24 years. Exclusive and private, this is an historic estate with provenance and grandeur from the Gilded Age. One of the last few compounds of this scale on the Fulton Chain, the property is 11.27 acres, with an amazing 536 ft. waterfront, a large main camp and separate lodge, 10 bedrooms and 5.5 baths total, 2 guest cabins, 2 boathouses-dry and wet, a 3 and a 1 car detached garage, large barn, 2 sheds, and several docks. The main camp is insulated with furnace, lodge and cabins are 3 season.

The property affords sweeping vistas of Fourth lake and the north shore mountain landscape throughout.

4

Spring 2016 | Adirondack Real Estate

170 Seventh Lake Road | Inlet, New York SOLD at 95% of List Price: $515,000

Set on over 5 acres with 120 feet of quiet lakefront, this quintessentially Adirondack log camp has a rustic character from the Gilded Age. Nestled among mature pines and birches, this 3-season summer home overlooks beautiful Seventh Lake and Sleeping Man Mountain in the town of Inlet, NY. The simple lifestyle of yesteryear was preserved throughout this uniquely tranquil setting, and artistically designed camp.

AdirondackPropertyForSale.com

AdirondackPropertyForSale.com

Spring 2016 | Adirondack Real Estate

5

Real Estate Market Report & Technology Update

The Keir Weimer Team Company News The Keir Weimer Team was Select Sotheby’s International Realty’s #1 Top Sales Producer in New York for 2015

Additional Current Listings

Each year, Select Sotheby’s International Realty announces the company’s Top Sales Producing Agents. It’s a real honor to be recognized among the top agents in a company with 65+ stellar agents. This distinction is the culmination of our hard work and adaptation to clients’ needs and real estate market trends.

Keir was recognized as the #1 Sales Producing company statewide in 2015 by Select Sotheby’s International Realty. Keir has been recognized before as a Top Producer, and his success and achievement are only gaining momentum.

Read the Q & A with Keir at our website.

Awards

Real Estate Market Review Q1 and 2016 Forecast

• The Keir Weimer Team was the #1 Top Sales Producer in Select Sotheby’s International Realty statewide in New York in 2015 • The Keir Weimer Team was the #1 Real Estate Team by closed sales volume in the entire Adirondack Park in 2015 • Keir Weimer received the “Best Brand Representative” award in 2015 • Keir Weimer received the “Rising Star” award in 2014

Distinctions • On average, The Keir Weimer Team sells it’s clients’ properties for more money, closer to list prices, and in less time than all other brokers and agents in the MLS. • The Keir Weimer Team embraces innovative technologies to drive superior results for its clients • With over 17,000 sales associates, in over 800 offices in 61 countries, there is no larger or more connected international network of real estate professionals to work on your behalf • The Industry-leading international marketing platform of the Sotheby’s International Realty brand, coupled with The Keir Weimer Team’s marketing engine, provides our Team’s selling clients with unrivaled market reach and exposure

How Our Team Embraces Technology For Superior Results

6

Spring 2016 | Adirondack Real Estate

AdirondackPropertyForSale.com

AdirondackPropertyForSale.com

Spring 2016 | Adirondack Real Estate

7

Featured Listings

Featured Listings

19289 Rock Baie Road | Wellesley Island, New York $2,099,000

Beautifully located at the very end of a private road, this gorgeous home sits on over 50 acres of undeveloped land. It boasts over 1,500 feet of waterfront on the St. Lawrence River in Northern New York State. With 2 private coves, a large boathouse, a dock, tidy paths, and various vantage points and views throughout, this estate offers privacy, seclusion, space, and natural beauty to the discerning owner. The boathouse has two slips with lifts and, a separate garage with a powered work shop.

549 Partridge Hill Road | Barneveld, New York

$1,449,000

The North Woods Inn is a beautiful and successful resort. Beautiful Partridge Hill is one of the most extraordinary country manor estates in Upstate New York to become available in years. Set on 284 bucolic acres of fields, ponds, mountains, and rivers, this manor home sits on the shore of the West Canada Creek, prized by fly fishermen, naturalists, photographers, and kayakers for its wild beauty and trophy fishing. You will find tranquility, peace, and quiet here - the possibilities for a new owner are endless.

Forest Brook Manor | 55 Julian Way, Lake Placid, New York

Highlands Castle | Bolton Landing, New York

$1,995,000

Price Upon Request

Forest Brook Manor is truly a one of a kind manor estate nestled in the heart of the Adirondack Park, in Lake Placid, New York. This home’s setting is private and secluded; perched atop a cleared hill, the 8,000 square foot mansion affords 360-degree views of the High Peaks from every room. You reach the grand estate through a long and meandering private driveway with a grand gated entrance to the splendor that awaits.

8

Spring 2016 | Adirondack Real Estate

The Highland’s Castle is one of the most unique and spectacular properties in the northeastern United States. It boasts, unparalleled views of the Adirondack Mountains, and Lake George, the “Queen” of American Lakes. Perfectly situated on a graceful mountainside, this property is a treasure beyond imagination. It features a gatehouse, towers, and secret passages, and was hand crafted from the ground up using 800 tons of stone. This property presents a once-in-a-lifetime opportunity to own a private estate like no other.

AdirondackPropertyForSale.com

AdirondackPropertyForSale.com

Spring 2016 | Adirondack Real Estate

9

Adirondack Real Estate SPRING 2016

The Keir Weimer Team Select Sotheby’s International Realty 573 Main Street Lake Placid, New York 12946 Keir Weimer Associate Real Estate Broker President and Founder (m) 315.663.7022 (o) 518.580.8500 Ext. 3040 (e) Keir.Weimer@SelectSothebysRealty.com