Now is just the right time to be in the market for a brand new home in Woodbury Junction! Not only because prices are affordable and interests rates are still low, but also because builder, WP3,LLC has just released an excellent collection of homesites in the Palisades Ridge neighborhood of Woodbury Junction. Good news travels fast and word continues to spread about the enviable lifestyle this unique community offers; blending Kensington Station, homes for active adults 55+ with Palisades Ridge, homes for families of all ages. This gated neighborhood will continue to grow and increase in value in the future, so for those who have had owning a home in Woodbury Junction on their wish list now have another opportunity to make it happen!
To keep pace with demand,48 homesites in the Palisades Ridge community of Woodbury Junction are now available for preview to potential homebuyers. This newest phase will feature four-, five- bedroom single-family homes that range in size from 2,060 square feet of living space to 3,400 square feet; all the homes will include a two-car garage and full basement. Incredibly, most of these new home sites will have panoramic views of the Hudson Valley while many of the other sites in this phase have wooded backyards.
“The excitement and momentum continues to build at Woodbury Junction,” said Theresa Budich, Sales Manager of Woodbury Junction and realtor with BH&G Rand Realty. “We closed out 2012 with double-digit sales and are enjoying similar numbers to begin 2013. In addition to our closings, we are averaging upward of 25 visitors each week and are taking reservations almost weekly.”
Woodbury Junction’s beautiful model home now has reinforced the growing interest and demand for new homes within the community. Palisades Ridge at Woodbury Junction offers the growing family a highly desirable selection of semi-custom and custom homes affordably priced from low $400’s to the upper $500s. Woodbury Junction has sustained a remarkable level of homebuyer interest by providing unmatched quality in homes with inherent value in this price range. This approach has resulted in affordable quality that extends beyond the physical structure of the homes to encompass a higher level of personal attention given to each customer. In fact, you will find everything you could want in a new home community and more.
Like all the homes offered by Woodbury Junction, these new homes will include a mix of environmentally friendly features such as an Energy Star Rated appliance package, energy efficient windows and zoned heating/cooling systems. Home buyers also choose from an array of custom options when selecting tile, carpet, cabinetry and countertops. In addition, homeowners will be able to enjoy all of the resort style amenities Woodbury Junction has to offer, including future clubhouse with pool, tennis/basketball courts, and hiking trails as well as be a resident member of the parks and recreation system of Monroe-Woodbury.
Woodbury Junction, only 60 minutes to NYC, is close to a commuter train station, major roadways, state parks, golf courses, schools and shopping. Discover Woodbury Junction’s unique sense of community for yourself by calling the community’s sales manager, Theresa Budich at 1.800.697.0028 or to view floorplans, please visit www.woodburyjunction.com
About the WP3, LLC: WP3, LLC was founded in 1986 by CEO William Brodsky with a mission to create homes with outstanding quality, value and appeal.
About Better Homes and Gardens Rand Realty: Better Homes and Gardens Real Estate - Rand Realty, founded in 1984, is the No. 1 real estate brokerage in the Greater Hudson Valley with 25 offices serving Westchester, Rockland, Orange, Putnam and Dutchess counties.
Bloomberg News has a report today about how changes in levels of housing inventory are starting to impact buyer behavior:
A plunge in U.S. home listings to a 12-year low is driving up prices and preventing transactions from returning to historically normal levels. Many potential sellers are holding off until values rise more, while investors are snatching up distressed properties before they reach the market. Builders, reporting their best orders in years, can’t increase production fast enough. As buyers seek to take advantage of record-low mortgage rates, the supply and demand imbalance threatens to further limit deals as the key spring selling season approaches.
I think that the concern that "OH MY GOD, THERE'S NO INVENTORY -- WHATEVER WILL WE BUY???" are overstated. Basic economic theory dictates that sellers will respond to increased buyer activity. After all, putting the data aside for a minute, agents on the ground can tell you about all the sellers who have waited out the market for the past few years. They'll start coming on the market once they see that conditions are better for a sale. And if homes are selling in two weeks, you can be sure that sellers will start jumping in. The article alludes to that, although one observer believes that sellers will wait out the market until prices come to a point that they can get above water after the price declines of the past five years.
Indeed, I was talking with Andrew Klappholz of the Journal News last week about market conditions, and he came at this issue from the other way. Specifically, he asked whether we might see a "glut" of inventory coming on the market from people who are retiring. It's a valid concern, given the demographic shifts we're going to be seeing over the next decade or so -- i.e., the coming retirement of the massive baby boom generation.
My response was that I don't see a spike of inventory coming, at least not anything that would materially "move the market," but that I do see a coming wave of properties coming onto the market from retiring baby boomers. In particular, I think there is some pent-up supply of people who were ready to retire and sell their primary residence five years ago, but then they saw what was happening in the market after the financial crisis of 2008. So they waited. And waited. And at some point, I'm pretty sure they're going to come on the market.
Locally, we definitely saw an inventory decline over 2012, as fewer properties were hitting the market at the same time that sales were going up. But January was a big listing month, and I wouldn't be surprised if we see listings at significantly higher levels than 2012 throughout the rest of the year.
White Plains, NY – Better Homes and Gardens Rand Realty, a New York-based, family-owned and operated real estate brokerage, announced its merger with Paddington Stone Realty of White Plains, NY today. Rand, who currently operates over two dozen real estate offices throughout the Greater Hudson Valley, Westchester and northern New Jersey, already maintains an office in White Plains with more than 65 agents.
“Paddington Stone has built a great reputation in Westchester, with a particular expertise in developing new agents and innovative approaches to the rental business. We are very excited to welcome this talented group of agents to our White Plains office,” said Matt Rand, managing partner, Better Homes and Gardens Rand Realty. “We have always known them to offer a top notch customer experience; it’s a quality that we pride ourselves on here at Rand. It’s a perfect fit.”
Michelle Coletti and Adam Kessner, co-owners of Paddington Stone Realty, will join the Rand organization with their agents and continue working with buyers and sellers in the Westchester County area.
“Joining Better Homes and Gardens Real Estate Rand Realty was an easy decision for us,” said Coletti. “Our core organizational values are very much in line with Rand and we know the family to be fair and honest leaders in our industry. We are extremely excited about the energy and innovative collaboration that synergy will no doubt generate.”
BHG Rand Realty plans to combine the resources and personnel of both offices to help further expand its already significant real estate offerings throughout White Plains and the surrounding areas. With the addition of Paddington Stone Realty, Rand’s growing company will exceed 850 agents.
Rand Realty has created another version of our seasonal Distinctive Collection Guide. This magazine highlights many of our finest luxury home listings.
In addition to online distribution, this magazine gets distributed through home delivery of The Wall Street Journal to select housholds throughout Westchester, Northern New Jersey and the Greater Hudson Valley.
Click Here to view our online "Flipbook" Version
According to Westchester’s Empire Access Multiple Listing Service, Cambridge Court in New Rochelle, NY is generating more sales than any new luxury development in Westchester. The homes have sold at prices ranging from $1,825,000 to $1,910,000 and the high demand for these homes is viewed by many as a sign that Westchester County’s housing market is on the rise.
Cambridge Court consists of seven homes located in a gated community. The development was built by the Grasso family, owners of Northpoint Development. For 50 years and four generations the Grasso’s have prided themselves on constructing custom homes for eager home buyers regardless of the economic climate. Developer, Lou Grasso Senior was asked why he felt Cambridge Court sales outpaced others in the high end. "We build homes of undeniable quality and buyers are taken with the homes’ unique style, the New Rochelle community, and the natural beauty of the area. These are homes that buyers can’t see anywhere else.”
Lynne Grasso, Associate Broker for Better Homes and Gardens Rand Realty is representing Cambridge Court. With over 30 years in the business, Lynne has a reputation for helping to navigate her clients through tough economic times. Recently Lynne was awarded the titled of New Rochelle’s #1 real estate producer. She earned this title because of her leading sales volume, but also because her clients love her commitment to service. “I have such a passion for this business,” said Grasso. “I thoroughly enjoy being by my client’s side and successfully guiding them through the buying or selling process. It’s especially rewarding during these trying economic times,” added Grasso. In addition to Cambridge Court, visitors to New Rochelle can see the town’s 350 boat slip marina and its five water front parks featuring beautiful beaches, pavilions, gardens and hiking trails. With so much to offer it’s easy to see why so many home shoppers seek to call New Rochelle home. Contact Lynne Grasso for a private showing of Cambridge Court at 914-774-6640.
ABOUT BETTER HOMES AND GARDENS RAND REALTY: Founded in 1984, BHG Rand Realty is the No. 1 real estate brokerage in the Greater Hudson Valley with 26 offices serving Westchester, Rockland, Orange, and Putnam counties in New York as well as Bergen and Passaic counties in New Jersey. Rand has more than 850 sales associates, a commercial real estate company (Rand Commercial Services), and affiliates in the mortgage, title and insurance industries (Hudson United Home Services). The company’s Web sites are: http://www.randrealty.com, http://www.randcommercial.com and http://www.hudsonunited.com. Rand Realty is also on Facebook and Twitter.
Better Homes and Gardens Rand Realty and Pelton Crossing LLC and are proud to present “The Ashford Federal.” Currently under construction, this impressive home with a dramatic stone front entrance, boasts 4/5 bedrooms and 3.5 baths as well as a grand two story foyer, gourmet kitchen, family room with fireplace and a spacious master with spa like bath. This model is priced to sell @ $699,900.
Grace Warren, Associate Broker with Better Homes and Gardens Rand Realty, represents Pelton Crossing and is excited about the progress and activity this past year. “Activity has been brisk as buyers take their time shopping for the right site to build their custom home Buyers also realize that quality craftsmanship takes time and they are willing to wait to get what they want. We’ve had three new families moving in this past summer and they are thrilled to be a part of Pelton Crossing’s community.”
Sanford Pankin represents Pelton Crossing LLC and since 1989 has built more than 1,000 homes throughout Orange County, NY. While Sandy finds this new market a challenge, he is quoted as saying “I have been devoting all my recent efforts in building "High End" custom homes in the beautiful Town of Warwick, NY. I will not compromise my ability or my attention to detail, and oversee every nail that goes into the creation and finish of each and every home we build.”
Located just a short walk from Warwick Village NY, this enclave of meticulously crafted estate homes blends old world craftsmanship with new world luxuries and conveniences. Sharing the protected ridge line of the Warwick Valley the views are breathtaking from every 1+ acre lot that each home is built on. The Warwick Valley offers a wide appeal for buyers from all over the tri state area; especially those that commute to NYC. Restaurants, cafes, boutiques, farmers markets and local artisans come together to bring you a cornucopia of all that Warwick NY living offers without compromising the amenities of a big city.
This week Better Homes and Gardens Rand released their Quarterly Market Report reviewing real estate market trends in Westchester and the Hudson Valley for the third quarter of 2012.
Rand Realty has been compiling this market report every quarter for almost eleven years, providing thousands of interested home buyers and sellers with objective analysis of the regional real estate market.
In the report, Rand discusses a surge of activity over the past six months, with regional sales up almost 14% from the same time last year. After a slow start to the year, sales are now up about 10% year-to-date against 2011, showing that buyer demand is slowly accelerating based on prices that were at 2003-04 levels and interest rates that continue to break through historical lows.
Unfortunately, this increase in buyer demand hasn’t shown an impact on pricing. Prices are down from last year across the region, which was a little disappointing. As the Report points out, though, it takes time for changes in sales activity to affect pricing behavior. Expect that if demand continues to increase, prices may stabilize or even show some small appreciation by the end of 2013.
To get a complete copy of the report, please click the link below
BHGRE Rand Realty's Quarterly Market Report for 2012Q3
ABOUT BETTER HOMES AND GARDENS RAND REALTY
Founded in 1984, BHG Rand Realty is the No. 1 real estate brokerage in the Greater Hudson Valley with 24 offices serving Westchester, Rockland, Orange, and Putnam counties in New York as well as Bergen and Passaic counties in New Jersey. Rand has more than 800 sales associates, a commercial real estate company (Rand Commercial Services), and affiliates in the mortgage, title and insurance industries (Hudson United Home Services). The company’s Web sites are: http://www.randrealty.com, http://www.randcommercial.com and http://www.hudsonunited.com.
Rand Realty is also on Facebook and Twitter.
Better Homes and Gardens® Real Estate today released the results of a national survey of 18-35 year old Americans that reveal the impact of the housing crisis has given rise to two of the most knowledgeable generations to become homebuyers, Generations X and Y, which account for an estimated 103 million Americans.
“This study reinforces our first-hand experience that Gen X and Y in New York and New Jersey are fully embracing homeownership,” said Matt Rand, managing partner, Better Homes and Gardens Rand Realty. “Every day, our agents work with New York and New Jersey homebuyers who are proactive, responsible and informed consumers. Better Homes and Gardens Real Estate Better Homes and Gardens Rand Realty recognize that the members of Gen X and Y are using all of the data, information and resources available to them to empower their path to home ownership, and making key decisions along the way to ensure their experiences are successful.”
According to the results of the national survey, more than three-quarters (77 percent) of those Gen X and Y Americans surveyed believe that they have become increasingly knowledgeable about homeownership due to media coverage that has magnified the real estate industry throughout the past six years. Findings show these generations of potential homebuyers are not deterred from home buying and believe owning a home is a key indicator of success (75 percent). Furthermore, they are willing to do their research and save in ways that may surprise those who believe the values of Gen X and Y have strayed from those of their parents, including taking a second job and moving in with mom and dad.
Key findings from the Better Homes and Gardens Real Estate survey include:
• Not the “Me” Generation. The majority of this population (71 percent) understands that homeownership is not something they deserve; rather it is something they must earn. Nearly all those surveyed are willing to adjust their lifestyle to save for a home by eating out less (62 percent), working a second job (40 percent) or even moving back home with their parents (23 percent).
• In the Know. Sixty-nine percent think the recent housing downturn has made them more knowledgeable about homeownership than their parents were at their age. They appear to be doing their homework before making one of the biggest investments of their lives. For those surveyed, interest rates (58 percent), home prices in a desired neighborhood (59 percent), and the ability to secure a loan (51 percent) are the top areas to research before buying.
• Homeownership is the New Bling. Gen X and Y are not blinded by flashy signs of success; 75 percent believe owning a nice home is a fundamental indicator of success over taking extravagant vacations (12 percent), owning an expensive car (9 percent), or owning designer clothing (5 percent).
To learn more about Better Homes and Gardens Rand Realty, as well as the homeownership survey, visit http://www.RandRealty.com.
About the Survey: The Better Homes and Gardens Real Estate Survey was conducted by Wakefield Research (http://www.wakefieldresearch.com) among 1,001 nationally representative Americans, ages 18 to 35, between July 18, 2012 and July 26, 2012, using an email invitation and an online survey. Quotas have been set to ensure reliable and accurate representation of the U.S. population ages 18 to 35.
Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
About Better Homes and Gardens Rand Realty: Founded in 1984, BHG Rand Realty is the No. 1 real estate brokerage in the Greater Hudson Valley with 24 offices serving Westchester, Rockland, Orange, and Putnam counties in New York as well as Bergen and Passaic counties in New Jersey. Rand has more than 800 sales associates, a commercial real estate company (Rand Commercial Services), and affiliates in the mortgage, title and insurance industries (Hudson United Home Services). The company’s Web sites are: http://www.randrealty.com, http://www.randcommercial.com and http://www.hudsonunited.com.
Introducing Beaver Dam Estates.
Better Homes and Gardens Rand Realty and Malmark Construction are excited about Beaver Dam Estates in Montgomery, N.Y. Why? Because this is no ordinary subdivision, Beaver Dam is a revolution in new construction. Each home comes with the option of geothermal technology, which provides all your heat, air conditioning and hot water using no oil or gas. Combine this cost saving, environmentally friendly technology with the 30% tax credit and buyers can save thousands of dollars per year. On top of all these benefits you will live year-round with a low maintenance system that provides you with clean filtered air, no fumes or flames, and lower utility costs.
Marion Bruhns, #1 Agent in Orange County for 9 years, is representing this extraordinary subdivision. With 27 years of experience in the business, she has sold many impressive homes and hundreds of new homes for this premier, experienced builder. In fact, this is his 25th subdivision since 1986. She is elated about the savings and benefits these new geothermal homes offer buyers.
The builder is offering a choice of 150 beautiful floor plans; colonials, Victorians, bilonials, and ranches, are customizable to the buyer’s needs. There are 15 of the remaining 1-2 acre lots in Phase I. Eight more lots in Phase II are coming soon. With prices starting at $340,000, these homes are loaded with standard features usually considered upgrades in most developments.
The builder, Malcolm Meyerson has personally designed the geothermal system with innovations making it finally affordable. Two important factors today are the environment and cost of buying a new home. Beaver Dam is the ideal combination of both worlds. We asked Marion Bruhns how much buzz she received from potential buyers. She told us 15 of the first 30 homes already sold quickly and every buyer has chosen the geothermal option since it was introduced.
We caught up with Malcolm who said, “It became pretty obvious to us that it was a spectacular system, but like so many ideas that are great, if it is not accessible financially, it is useless. With Beaver Dam Estates, we made it affordable and went way beyond the manufacturers recommendations adding clean air systems and high tech installations and super efficient systems.” One homeowner described the ease of the system as “set it and forget it”. Geothermal produces a win-win for the homeowner who saves thousands of dollars yearly in energy costs with a healthy low maintenance system while helping the environment. The system does not use fossil fuels that release hydro carbons into the environment.
We asked Malcolm, aside from the obvious perks, what was his biggest pride. He told us that he enjoys seeing the enthusiasm of the homeowners who purchased and love the geothermal system. “When people come to see the homes I tell them, come and sit with several of the homeowners who live here and ask them what they think without me there so you can get straight answers. Every prospective buyer who takes me up on this always buys and goes with the geothermal option.”
Located in Montgomery, in the Valley Central School District, with easy highway access, great restaurants and shopping, the remainder of homes at Beaver Dam Estates won’t be on the market much longer. Buyers want to take advantage of the Federal tax credit while it is still being offered, and seize the opportunity to save money on heat before the winter.
For more information, or to visit our open houses on weekends schedule an appointment with Marion Bruhns, at 845-800-4840.
Introducing Eagle Crest!
JK Development Corp and Better Homes and Gardens Rand Realty are excited to bring to you, Eagle Crest. This brand new development is located minutes outside of picturesque Sugar Loaf, in Warwick, NY. Only 50 miles north of Manhattan, these custom homes are situated on some of the most scenic land in the area. Builder, Jon Shafran designed Eagle Crest to appeal to a multitude of prospective buyers. “There’s something for everyone. If you desire a home built on a wooded lot or want mountain views we have it all. Starting at $419,900, Eagle Crest ranges from custom colonials to ranch style homes, all built with character, high end finishes and top notch amenities. Karen Shafran, Jon’s business partner takes tremendous pride in Eagle Crest’s charm telling us, “We don’t build cookie cutter homes. Each home is unique and can easily be customized.”
Donna Gennaro, Associate Broker with Better Homes and Gardens Rand Realty is thrilled to be representing Eagle Crest. “…this is the most stunning subdivision I have ever seen. It’s an exciting project to be part of and the feedback from the local real estate experts has been extraordinary. We have already had a lot of interest from agents interested in buying here for themselves. That’s when you know you have a special property.”
Eagle Crest compliments Warwick beautifully. The area has wide appeal for buyers who commute to NYC and want tranquility without having to give up the offerings of big city amenities. An artist’s community, Sugar Loaf has eclectic shops and delicious restaurants. Adding to the natural beauty of the area, Warwick is home to acres of apple orchards in addition to equestrian centers, farmer’s markets and ski-ready mountains. They’re also pleased to announce that the Orange Regional Medical Center a new state of the art hospital is less than 20 minutes from Eagle Crest.
Eagle Crest is selling quickly! For a private showing or additional information, contact Donna Gennaro at 845-494-6917 or 845-928-9691 Ext.111 or visit http://www.eaglecrestsubdivision.com.