REALTYCHECK

Current Design Features That Attract Owners and Potential Buyers What’s trending in home design Written by C. Anderson, Contributed by Joan O’Meara, with excerpts from recent Trulia blog

Cell : (914) 329-5329 Office: (914) 967-7680 jomeara@houlihanlawrence.com joanomeara.com

JOAN O’MEARA&TEAM

HOULIHAN LAWRENCE 1st QUARTER 2017 REPORTPer the Executive Summary in the recent HL First Quarter 2017 Report, we see that new buyers are continuing to be attracted to our communities searching for homes to raise their families. Inventory is tight, yet the economy is thriving and interest rates are at attractive levels, which means it is a great time to sell a property. However, sellers are now the ones sitting on the sidelines meaning we have a staggering drop in inventory – lowest in a decade – with the luxury market being the exception. Yet home sales have been on the rise in some communities, along with prices. Advice for buyers? Be nimble and quick. And for sellers: this is the opportunity you have been waiting for. Continue to price correctly from the start and you will sell on average, in 60 days. To read the full report, visit www.joanomeara.com - Real Estate News

When a homeowner is looking to redesign rooms and spaces within their house, it’s an ideal time to plan both for now and for the future.

Joan O’Meara, associate real estate broker with Houlihan Lawrence’s Rye & Harrison office, recommends that a helpful technique for homeowners is to truly pull back, assess current trends and then look through two lenses—what appeals to them and what may attract a future Buyer pool. “Finding that cross-section is key to making design changes that will suit their living style – as well as that of the prospective Buyer down the road.”

WHAT CHECKS THE BOXES FOR CURRENT BUYERS?

❑ New construction or “move in condition”

❑ Open floor plan, kitchen/family room

❑ Smaller or less formal rooms, such as the traditional formal living room

❑ Mudrooms

❑ Master suites

❑ Location. Buyers use Goggle Earth to see the street, neighborhood, proximity to highways, etc.

As a recent Trulia blog showcases, comfort, ease and personal style are paving the way for 2017 trends. “Home interiors and the concept of ‘living well’ [are] changing,” says New York, NY–based interior designer Heather Higgins. “It is less about opulence and fashion and more about comfort, ease, and a sense of personal style.” The emphasis on individualism is resulting in the rise of trends that are anything but traditional. Here are the top looks that have registered on the radar of design experts for 2017.

TREND 1: Cerused wood is a heavily textured wood treatment which reveals unusual wood grains. Colors such as black, “greige” and dark gray are being used on floors, cabinetry and even wood paneling on walls.

TREND 2: Marble: Overtaking granite, especially in black & white, marble has jumped over from chic restaurants to be a material of choice for home countertops and tabletops…and marble motifs are even being seen in carpets, wallcoverings and fabrics.

TREND 3: Shiny, warm metals, with finishes such as gold and bronze are being used to warm up bathrooms and kitchens hardware. An easy swap to make for knobs, knockers, pulls, faucets.

TREND 4: Matte appliances will contrast with the warm hardware as a strong alternative to the classic stainless steel look – bringing an element of drama into the kitchen.

TREND 5: Natural textures, inspired by animal skins and parchment, are trending in unexpected colors and often in furniture.

TREND 6: Patterned wallcoverings with dramatic patterns in overscaled florals, paisley and abstract designs in darker hues like gray, are showing up in small spaces such as powder rooms.

TREND 7: Bold paint colors, including jewel tones like emerald and amethyst are being used in small spaces and entryways to make a statement with warmth and personality. Darker neutrals are also a way to go such as dark grey.

TREND 8: Overdyed rugs are another way to add neutrals and rich, saturated colors for a pop of color and added dimension. Think art for your floor.

Joan O’Meara points out it is important to keep in mind the Buyer pool. If Millennials are flocking to your community or neighborhood, knowing the trends that will resonate with them can be key to making your home appeal to this group of Buyers. For more on this, see our 4Q newsletter online or the Zillow Report under Sellers at joanomeara.com.

She also reflects that staging your home for sale is still critical to its success on the market. “The good news is that Sellers are becoming more inclined to stage as they see the value/return on investment from staging.” As her experience with successful Sellers shows, being prepared, and offering a tastefully designed home with some of today’s current trends can make a Buyer feel ready to move in. Getting the Buyer to picture their family in the home is the bridge that connects the two so that the Buyer just may be the one sitting on the other side of the closing table in a few short months.

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DEARNEIGHBORSA favorite time of year, spring is sprouting up in Rye & Harrison as more and more residents are out and about enjoying all that our communities have to offer.

The first quarter of 2017 showed a jump in number of homes sold in both Rye City and Rye Neck school districts. Rye City posted a 56% increase with 28 homes sold in 1Q 2017 compared to 18 in 1Q 2016. Rye Neck boasted a 500% increase with 6 sales up from 1 in 2016, first quarter. Rye City also saw a slight increase in Average Sold Price, landing at $2,269,302 in 1Q 2017 up from $2,213,556 in 1Q 2016. Rye Neck’s Average Sold Price leaped 51% from $1,112,000 in 1Q 2016 to $1,683,625 in 1Q 2017. 10580’s Harrison Schools saw a dip in volume dropping year-to-year in the first quarter from 7 to 3. Its price per square foot rose from $316 in 1Q2016 to $408 in 1Q 2017.

Design Trends are important to keep in mind for your home and what could appeal to potential Buyers. Read about Current Trends, this issue.

As always, feel free to contact me with any real estate questions or for a complimentary market analysis of your home.

To a great 2017,

As of 4/12/17. Note: All prices indicated are LIST PRICES.

45 Walker Avenue / Rye 10580 5BR/4.1B / 3423 sqft / FEATURED LISTING

$

1,94

9,00

0

14 Lake Road / Rye 10580 6BR/6.1B / 6832 sqft / FEATURED LISTING

$

3,99

5,00

0

38 Lasalle Avenue / Rye 10580 4BR/3.1B / 3253 sqft / RENTAL

$

11,0

00/m

o

131 Oakland Avenue / Harrison 10528 4BR/3.0B / 3054 sqft / JUST LISTED

$

1,15

0,00

0

32 Orchard Avenue / Rye 10580 4BR/2.0B / 2010 sqft / JUST LISTED

$

955

,000

66 Apawamis Avenue / Rye 10580 4BR/3.1B / 3210 sqft / RENTAL/NEW LISTING

$

12,9

00/m

o

55 Hewlett Avenue / Rye 10580 6BR/4.0B / 4166 sqft / JUST LISTED

$

2,49

5,00

0

RANKED #1 IN RYE FOR 2016 JOAN O’MEARA &TEAM

42 SALES IN 2016!

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WHAT JOAN’S CLIENTS ARE SAYING…Joan is the most competent and complete realtor we have ever worked with. She is very straightforward and gives great advice. We trust her completely, which is why we have become loyal clients and used her to buy and sell several houses. We also like her very much.

— BH, Client

“ “

UNDER CONTRACT 720 Milton Road N1C, Rye $ 425,000 66 Milton Road F41, Rye $ 475,000 28 Burdsall Drive, Port Chester $ 579,000 2 Adelaide Street, Rye $ 950,000 330 Milton Road, Rye $ 1,295,000 345 West Street, Harrison $ 1,349,00020 Hunt Place, Rye $ 1,395,000361 Park Avenue, Rye $ 1,499,000 62 Greenhaven Road, Rye $ 2,199,00043 Halsted Place, Rye $ 4,100,000

10580SAMPLINGS Houlihan Lawrence 1st Quarter 2017 Real Estate Transactions

Source: HGMLS: Single Family, 10580, Active as of 4/4/17, Contract and Sold 1/1/17-3/31/17. Includes all houses in 10580 zip code. Note: All prices indicated are LIST PRICES. If your home is currently listed for sale, this is not a solicitation. Not responsible for typos; information provided is deemed accurate.

FUNFACTSHOME SOLD: QUICKEST TO CONTRACT / 3 Days on Market $1,595,000 List Price / 4 BR / 2.1 Baths / 2,624 sqft

ACTIVE LISTING: MOST EXPENSIVE, LARGEST, MOST PROPERTY $16,900,000 List Price / 10,441 sqft / 4.54 Acres 6 BR / 6.3 Baths

SMALLEST SOLD PROPERTY / 1,242 sqft $925,000 List Price / 3 BR / 2.0 Baths

OLDEST ACTIVE LISTING / 1890 $3,195,000 List Price / 5 BR / 4.1 Baths / 3,438 sqft

HOME SOLD: MOST EXPENSIVE, LARGEST $7,995,000 List Price / 8,420 sqft 6 BR / 6.3 Baths

Source: HGMLS, Single Family Homes; 10580, Rye City Schools. 1Q17 (1/1/17-3/31/17); “Active” Listing refers to homes listed in 1Q17.

NYCSPOTLIGHT

Mike Lubin, Manhattan real estate agent, feels that the NYC market is very strong. The spring market is off and running!

The average Manhattan apartment price reached a record $2,174,105 in the first quarter of 2017. New development closing prices averaged $4,345,818, a 15% improvement from 2016’s first quarter. The median resale apartment price rose to $955,000, a new record. While the total number of sales was down slightly from a year ago, the number of resale closings rose 5%.

The average Manhattan apartment price rose 4% over the past year to a record $2,174,105. Luxury new developments, and an uptick in high-end resale condo closings helped fuel this increase. A record was also set for the median price, which at $1,150,000 was slightly above the previous record set a year ago. There were 1% fewer sales recorded than in 2016’s first quarter due to a 17% decline in new development closings.

Resale apartment prices averaged $1,561,911, 5% higher than a year ago and the highest level since the second quarter of 2015. The median resale price of $955,000 bested the prior record of $950,000 set last year.

Resale apartments sold in the first quarter spent an average of 95 days on the market. This was 14% longer than a year ago, and the most amount of time since the second quarter of 2013. Buyers on average paid 97.8% of the seller’s last asking price, down from 98.3% a year ago. This was the lowest selling versus asking price ratio in four years.

Contact Mike Lubin for all of your New York City needs via the Joan O’Meara team for all assistance and guidance in purchasing and selling Manhattan and Brooklyn real estate.

An insightful look into NYC Real Estate

Single Family ListingsProperty Address Listing Price BR/B Sq. Ft.

49 Oakwood Ave $ 999,000 4/1.1 169023 Elmwood Ave $ 1,099,000 4/1.1 1716260 Brevoort Ln $ 1,336,500 5/3.1 360314 Puritan Rd $ 1,395,000 4/3.1 262210 Newberry Pl $ 1,425,000 4/2.0 226515 Greenway Rd $ 1,475,000 5/3.1 3766227 Locust Ave $ 1,595,000 3/2.1 21884 Fairlawn Ct $ 1,750,000 3/2.1 297861 Osborn Rd $ 1,790,000 4/3.1 30705 John Jay Pl $ 1,879,000 4/2.1 320945 Walker Ave $ 1,949,000 5/4.1 3423331 Grace Church St $ 2,295,000 4/3.0 320634 Seville Ave $ 2,295,000 6/4.1 36003 Stonegate Ln $ 2,295,000 5/4.1 53005 Norman Dr $ 2,299,000 5/4.1 445229 Colby Ave $ 2,495,000 5/4.1 3808468 Grace Church St $ 2,499,000 4/3.0 395548 Biltmore Ave $ 2,690,000 6/5.1 611781 Osborn Rd $ 2,795,000 6/4.2 47442 Hillside Pl $ 2,795,000 5/4.1 419620 Onondaga St $ 2,850,000 6/5.1 3801250 Highland Rd $ 2,875,000 7/6.1 5995770 Forest Ave $ 2,945,000 4/3.1 374312 Bennett St $ 2,985,000 5/4.1 4043508 Brevoort Ln $ 3,195,000 5/4.1 4374111 Bellevue Ave $ 3,425,000 5/4.2 507835 Evergreen Ave $ 3,495,000 6/5.1 510016 Valleyview Ave $ 3,495,000 5/3.1 3827

Single Family Listings continuedProperty Address Listing Price BR/B Sq. Ft.

15 Shore Rd $ 3,500,000 5/5.1 587253 Glendale Ave $ 3,595,000 6/6.2 67098 White Birch Dr $ 3,595,000 6/5.1 5083360 Grace Church St $ 3,750,000 4/3.0 242016 Convent Ln $ 3,925,000 7/6.2 666114 Lake Rd $ 3,995,000 6/6.1 6832431 Grace Church St $ 4,995,000 8/5.2 81795 George Langeloh Ct $ 5,845,000 7/7.1 75151 Club Rd $ 5,950,000 5/6.2 87711 Laurel Wood Ct $ 5,995,000 7/8.2 12,9524 Parsonage Point Pl $ 6,495,000 6/5.2 79524 Sackett Lndg $ 6,500,000 4/3.1 4686140 Forest Ave $ 6,995,000 7/8.1 80656 Island Dr $ 7,900,000 5/4.1 58663 Club Rd $ 9,750,000 8/9.3 13,65896 Rye Rd $ 10,900,000 9/10.0 7469

Single Family in ContractProperty Address Listing Price BR/B Sq. Ft.

2 Adelaide St $ 950,000 4/2.0 169910 Pheasant Dr $ 1,195,000 3/3.1 342626 Loewen Ct $ 1,299,000 4/2.1 263019 Loewen Ct $ 1,349,000 4/2.1 255050 Hill St $ 1,595,000 3/3.0 261410 Bennett St $ 1,599,000 3/3.1 25062 John Jay Pl $ 1,649,000 5/4.2 3492396 Oakland Beach Ave $ 1,695,000 4/2.1 2298102 Florence Ave $ 1,695,000 5/3.1 297966 Mendota Ave $ 1,850,000 5/4.1 4046

Single Family in Contract continuedProperty Address Listing Price BR/B Sq. Ft.

24 Redfield St $ 1,945,000 6/4.2 3215451 Milton Rd $ 1,995,000 6/3.1 31759 Ridgewood Dr $ 2,050,000 6/3.1 385714 Mount Holly Dr $ 2,300,000 4/4.1 41908 Boxwood Ln $ 2,750,000 5/5.2 6899466 Park Ave $ 2,795,000 6/5.1 564915 Davis Ave $ 2,995,000 6/4.1 521435 Howard Pl $ 2,999,999 5/5.1 4300439 Park Ave $ 3,100,000 5/5.1 59051 Puritan Rd $ 3,395,000 7/7.1 75003 George Langeloh Ct $ 4,999,000 6/5.1 5567

Single Family SoldProperty Address Listing Price BR/B Sq. Ft.

20 Adelaide St $ 699,000 2/1.0 130311 Hill St $ 1,199,000 4/2.0 185140 Highland Rd $ 1,200,000 5/4.1 32455 Fernwood Ave $ 1,226,000 3/2.1 171810 Highland Park Pl $ 1,575,000 4/4.1 29774 Mohawk St $ 1,595,000 4/2.0 26244 Peter Jay Ln $ 1,699,000 4/3.1 49409 Summit Ave $ 2,195,000 5/4.1 43683 Rockridge Rd $ 2,295,000 4/3.1 299110 Reymont Ave $ 2,599,000 5/5.1 556749 Glen Oaks Dr $ 2,895,000 5/4.1 541927 Island Dr $ 3,595,000 5/5.1 417211 Captains Ln $ 3,995,000 5/6.2 564167 Halsted Pl $ 4,295,000 5/4.2 6172265 Milton Rd $ 4,595,000 6/6.2 802665 Drake Smith Ln $ 7,995,000 6/6.3 8420

MARKETINGHIGHLIGHT HOULIHAN LAWRENCEIn the air, around the world, Houlihan Lawrence is there!

• Houlihan Lawrence is the exclusive real estate partner of BLADE for the communities north of NYC. Our properties are prominently featured to passengers throughout their helicopter, seaplane and jet journeys between New York City, the Hamptons, Nantucket and Miami. Connect with Joan for an exclusive promotional code to use on your next flight..

• Houlihan Lawrence is a founding member of Leading Real Estate Companies of the World and Luxury Portfolio International. Together these global networks comprise the top real estate brokerages in the world, connecting Joan to 128,000 real estate sales experts in 68 counties.

PRSRT STDUS POSTAGE

PAIDWHITE PLAINS, NYPERMIT #2101

16 Elm Place • Rye, New York 10580

Volume 13 / Issue 1

• Latest Rye Sales & Listings Stats • What’s trending in home design

28 18 6 1 3 7

121 132 131 38 85 121

$2,342,857 $2,389,139 $1,792,833 $1,149,000 $1,799,667 $2,079,000

$2,269,302 $2,213,556 $1,683,625 $1,112,000 $1,675,000 $1,878,571

3,714 3,253 3,947 3,314 4,298 5,779

$605 $656 $405 $336 $408 $316

1Q 2017 Rye Single Family Housing Sales Summary

RYE CITY / 10580 1Q17 1Q16

RYE NECK / 10580 1Q17 1Q16

HARRISON / 10580

1Q17 1Q16

# of Homes Sold

Avg Days on Market

Avg List Price

Avg Sold Price

Avg Sq Footage

Avg Price/Sq Ft

This newsletter from Joan O’Meara & Team reaches a circulation of 9,000+ local readers.

JOAN O’MEARA & TEAM RANKED #1 Rye City • Rye City Schools • 10580 Rye/Harrison

RANKED #1 IN RYE 2016, 2015, 2014, 2012, 2011

RANKED IN TOP 5 IN RYE SINCE 2005

Includes all houses in 10580 zip code; broken out by school district.HGMLS: SF, Sold, 1/1/16-3/31/16, 1/1/17-3/31/17

JOAN O’MEARA&TEAM