Rivertowns Round-up: Westchester Real Estate Market Update

Whether you foresee a “for sale” sign on your front lawn in the near future or you are just starting to attend a few open houses, it’s important to keep yourself up to date with the latest real estate market data. 

Westchester County Q3 2016 Market Report HGMLS

Median Sales Price: Irvington School District VS. Tarrytown School District
Interactive: http://hgar.stats.showingtime.com/infoserv/s-v1/Q214-tO?w=640&h=480

Median Sales Price: Dobbs Ferry School District VS. Hastings School District VS. Ardsley School District

Interactive: http://hgar.stats.showingtime.com/infoserv/s-v1/Q219-bTe?w=640&h=480

As anticipated at the outset of the year, demand has remained high through the first three quarters of 2016, propping up sales and prices despite heavy reductions in inventory and months of supply across the country. With rental prices and employment opportunities in a consistent climb, year-over-year increases in home buying are probable for the rest of the year but not guaranteed.

  • Single-Family Closed Sales were up 2.2 percent to 2,112.
  • Condos Closed Sales remained flat at 403.
  • Co-ops Closed Sales were down 2.6 percent to 534.
  • Single-Family Median Sales Price decreased 1.2 percent to $668,500.
  • Condos Median Sales Price decreased 1.1 percent to $369,000.
  • Co-ops Median Sales Price decreased 3.4 percent to $157,000.

In general, today’s demand is driven by three factors: Millennials are reaching prime home-buying age, growing families are looking for larger homes and empty nesters are downsizing. However, intriguingly low interest rates often prompt refinancing instead of listing, contributing to lower inventory. Recent studies have also shown that short-term rentals are keeping a collection of homes off the market.

Advertisements

This Fall and Winter..Avoid Water Damage!

After many years of working with buyers and being present in their inspections, I have learned how important it is to make sure your gutters are free of leaves and debris.

The purpose of the gutters is to take water away from your house. This is important because that same water, if not directed away from your house, can cause water problems at your foundation and possibly in your basement.

img_2857

The other issue that can happen during the winter, which did happened to me, is the gutters didn’t drain properly and held the water and froze. Somehow that water or ice backed up into the corner of my house and the water then seeped into the exterior walls and ran down two stories in the corner of my house, causing drywall damage.

img_2855I have lived in my home for over 14 years and I do have my gutters cleaned every fall but now I have to be even more diligent to make sure they are draining properly and not holding any water, freezing, melting and leaking back into my house.

As we prepare to enter into the cooler months, this would absolutely be a tip that I highly recommend to any homeowners, or soon to be homeowners. You will greatly appreciate skipping the headache and extra expense of fixing water damaged walls!

Happy Fall!

~ Debra

 

The Irvington Children’s Center

Quality Before and After School Care

The Irvington Children’s Center is another great thing about living in Irvington, NY.  The Children’s Center is open before school from 7:30-8:30 AM and after school from 2:30 -6:30 PM throughout the school year.  It has been open since 1983 and is a licensed school-age childcare program for children ages 5-13 who live or go to school in the Irvington School district.  The school bus picks up children there in the morning and takes them to school,  then drops them off after school is out.

It is conveniently located at 15 N Broadway, Irvington, NY 10533.  It is in the rear of the St. Barnabas Church annex close to schools and part of the Village.

Children learn though play, they do arts and crafts, music and science. Sports are offered as well.  There is also a homework room available.

Check out the website for the fees.  The Children’s Center is a private, not for profit  corporation.  It is independent of the Irvington School District and funded by parent fees and private donations.

www.irvingtonchildrenscenter.org

Phone: (914) 591-8182

Don’t Delay! Review your Assessment Today!

There is still time to meet with Tyler Technologies to review your initial assessment!

revaluation-page-image-greenburgh

The Hudson Sprain Association of Realtors recently hosted an informational session for local realtors to educate everyone about the Town of Greenburgh, NY property reassessment.

Edye McCarthy, the Town of Greenburgh assessor, spoke and answered many questions about the process thus far and what will take place moving forward.  Her office number is (914) 989-1520.

Tyler Technologies was the company that was hired to reassess all properties in the Town of Greenburgh.  They did what is called a “mass appraisal”.  If you were to sell your home, would it sell for close to the assessed price Tyler has estimated?  If the value given to your property seems off, maybe assessed much higher that you could sell it for, then you should make an appointment to meet with Tyler and let them know there has been an error in their estimated value.

Call them at 1-800-273-8605 and make an appointment for your assessment to be reviewed.  It is not too late, you have until May 7, 2016 to meet with a Tyler representative.

Town of Greenburgh website: http://www.greenburghny.com/       

Tyler Technologies Website: http://mmrc.tylertech.com/_PT/search/CommonSearch.aspx?mode=ADDRESS

When you have your appointment set, it is important to go prepared with information that will help support what you feel is the value of your home.

  • Photographs showing the current condition of your property
  • Cost estimates related to improvements, damage or repairs
  • An appraisal from a licensed appraiser or current market analysis from a realtor no more than 3years old

If after meeting with Tyler, you still feel the value is not correct, you will have an opportunity to grieve your assessment with the Town of Greenburgh once the assessment roles are published.

Important dates to be aware of:

  • June 1, 2016:Tentative assessment role will be published by the Town of Greenburgh
  • June 1 & 2, 2016: Assessment notices will be mailed out
  • June 1-21, 2016: Informal process to review the new assessment, you can meet with Edye if you feel your assessment is incorrect
  • June 21- September 2016: Formal appeal process

You can call the assessor’s office with any questions you have at (914) 989-1520 or email them at assessors@greenburghny.com.

East Irvington vs Irvington…What is the difference?

This question often comes up with people moving into the area. Your post office address is Irvington and your school system is Irvington but it is not part of the Village of Irvington so you do not have to pay Village taxes.

I recently listed a home at 33 Shaw Lane Irvington, NY which is considered part of in East Irvington, part of the unincorporated Town of Greenburgh. The benefits of this area are lower taxes because you don’t pay the Village tax. You also have access to the Town of Greenburgh pools and recreational facilities and which you would not have access to if you are part of the Village of Irvington. There are also great expanses of green space for you enjoyment.

East Irvington Nature Preserve is a great place to hike. It is just off Taxter Rd, here are a couple of links that give you a sense of the area and trails. There is also the Taxter Ridge Park Preserve in the area as well. It is over 200 acres of preserved open space.

http://www.everytrail.com/view_trip.php?trip_id=888476

http://www.nynjtc.org/search/node/taxter%20ridge%20park%20preserve

This is a map of the Town of Greenburgh, you can see the unincorporated area is marked.

map

For your reference, here is a link for Town of Greenburgh parks, facilities and directions

http://www.greenburghny.com/Cit-e-Access/webpage.cfm?TID=10&TPID=2419

~ Deb