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New Upscale Rental Development Now Seeking Tenants In Bronxville: Here's Where New Upscale Rental Development Now Seeking Tenants In Bronxville: Here's Where
New Upscale Rental Development Now Seeking Tenants In Bronxville: Here's Where The first upscale rental development to be built in a Westchester village in decades is now available for occupancy.  Elk Homes' 15 Parkview Avenue in Bronxville is now seeking tenants, the rental developer announced on Wednesday, March 27.  The new 80,000-square-foot building, which is the first upscale rental development in Bronxville and the neighborhood of Garrett Park in decades, offers 60 "meticulously designed and spacious apartments," according to the developer. This includes 20 one-bedroom units; 35 two-bedrooms; and five three-bedrooms.  Twenty of these units have …

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by Ben Crnic
Real Estate
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report A record-setting low number of inventory caused housing sales in the Hudson Valley to decline over the third quarter of 2023 despite intense competition among buyers, according to a new report.  The number of homes bought over the third quarter of 2023 declined in Westchester, Putnam, and Dutchess Counties, according to the Houlihan Lawrence Westchester-Putnam-Dutchess Q3 Market Report released on Wednesday, Oct. 11. Although the market showed declines in all three counties, median sales prices went up slightly as buyers intensely competed for the homes that were available, accord…

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by Ben Crnic
Real Estate
Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
Here's How 2022 Westchester Housing Market Compared To Other Hudson Valley Counties: Report After a dramatic rise in housing sales in the Hudson Valley as a result of the pandemic, the buying of homes started to decline in 2022, according to a new report.  Compared to 2020 and 2021, housing sales in Westchester, Putnam, and Dutchess Counties showed a decline in 2022, according to a report by the Houlihan Lawrence real estate brokerage from Thursday, Jan. 5.  While sales declined, average sales prices of homes also increased in all three counties, the report said. Houlihan Lawrence officials attributed this to an "unsustainable" volume of sales created by high demand…

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by Ben Crnic
News
Westchester County Given Aa1 Bond Rating By Moody's Westchester County Given Aa1 Bond Rating By Moody's
Westchester County Given Aa1 Bond Rating By Moody's Westchester County has just received an Aa1 bond rating by Moody's Investors Service, reflecting the county's "diverse and resilient economy," according to the company. In addition, it has upgraded the county’s rating outlook to positive from stable.  Earlier Report - County's Bond Rating Outlook Upgraded By Fitch Ratings According to the report that came with the rating, the county has benefitted from "strong resident wealth, a sizeable corporate base, and healthy full value per capita," as well as a home for workers commuting to New York City, according to Moody's.&n…

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by Ben Crnic
Real Estate
Westchester, Long Island Now 'Overvalued Housing Markets' Following Pandemic Boom, Report Says Westchester, Long Island Now 'Overvalued Housing Markets' Following Pandemic Boom, Report Says
Westchester, Long Island Now 'Overvalued Housing Markets' Following Pandemic Boom, Report Says Homes in some parts of downstate New York are being considered “overvalued” amid the current housing bubble, according to a new Fortune Magazine report. Fortune studied home price growth, which is wildly outpacing income growth across the country, with different areas across the US considered “overvalued," “undervalued,” or "normal."  Specifically, in downstate New York, both Suffolk and Nassau counties, as well as Westchester have been listed as being "overvalued," the report states. Other counties upstate also earned the distinction, while markets in the rest of the state have remain…

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by Zak Failla
Real Estate
In-Depth New York Times Profile Cites Hudson Valley Hamlet's 'Feel-Good' Spirit In-Depth New York Times Profile Cites Hudson Valley Hamlet's 'Feel-Good' Spirit
In-Depth New York Times Profile Cites Hudson Valley Hamlet's 'Feel-Good' Spirit A new in-depth report from The New York Times has described the "feel-good" spirit of a Hudson Valley municipality that has seen a population increase over the past few years. The news outlet reported that the Ulster County hamlet of Highland has received a population boost during the COVID-19 pandemic as New Yorkers moved out of New York City seeking more space. The profile shares a variety of insights into the price of homes, the schools, and the history of the hamlet.  The Times also spoke with residents and people who work in Highland. "You have the beautiful views, the fantastic…

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by Nicole Valinote
Lifestyle
New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K
New Real Estate Trend Sees Millennials Snapping Up 'Cheap, Old Houses' Priced Under $100K A new real estate trend has seen a growing number of millennials purchasing historic houses for less than $100,000. "Cheap Old Houses," an Instagram page run by a listing website, has seen significant growth in its following throughout the pandemic. The page began with 750,000 followers at the beginning of the pandemic, according to Business Insider. As of December of 2021, it has grown to 1.8 million followers. View this post on Instagram A post shared by Cheap Old Houses ™ (@cheapoldhouses) The page's founder told the news site that the …

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by Nicole Valinote
Real Estate
COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales COVID-19: Pandemic Leads To Surge In 'Tiny House' Sales
Covid-19: Pandemic Leads To Surge In 'Tiny House' Sales It seems puzzling at first, but COVID-19 has increased demand for homes in the 120 to 500 square-foot range. Tiny homes, the seemingly quirky, sustainable living trailers that were popularized during the 2010s recession, are being sought in greater numbers, according to manufacturers and industry analysts. A manufacturer in California became so inundated with requests that he had to expand his warehouse from 12,000 square feet to 22,000 square feet, according to Yahoo News. 2020 wound up being a record year for the company and no one was more surprised than the owner. Why would anyone want…

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by Kristin Palpini
Real Estate
NYC Rents Soar To Three-Year High NYC Rents Soar To Three-Year High
NYC Rents Soar To Three-Year High With New Yorkers leaving the state in record numbers, rent prices continue to rise in New York City, reaching a three-year peak. The average rent for a one bedroom apartment in New York is up to $2,980, according to a new report by Zumper. The number represents a 4.2 percent increase from June a year ago and prices have reached a three-year high. The report found that two-bedroom apartments in the Big Apple are also becoming more expensive, up to an average of $3,330 monthly, a 5.1 percent increase from 2018. The average price of rent in New York City is the second highest in the country, …

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by Zak Failla
Lifestyle
New York Times Describes Mount Kisco As Affordable, Walkable, Multicultural New York Times Describes Mount Kisco As Affordable, Walkable, Multicultural
New York Times Describes Mount Kisco As Affordable, Walkable, Multicultural Unlike some nearby communities, Mount Kisco is ethnically diverse, having attracted immigrants from Italy, Ireland and, more recently, Latin America.  The bustling northern Westchester County village was profiled this week in The New York Times. In the article titled, "Affordable, Walkable and Multicultural," the Times wrote: "Good schools, check. Train station no more than an hour’s commute from Manhattan, check. Proximity to parks and forests, check." According to the Times, Mount Kisco’s housing stock serves a spectrum of income levels and stages of life.   Nearly h…

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by Jon Craig
Real Estate
New York Foreclosures At All-Time High, America At All-Time Low New York Foreclosures At All-Time High, America At All-Time Low
New York Foreclosures At All-Time High, America At All-Time Low Foreclosure auctions in the U.S. are at an 11-year low -- but not in New York. It's quite the opposite, as foreclosure auctions are at an 11-year high, according to a new report by ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database. ATTOM Data Solutions released its Year-End 2017 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 676,535 U.S. properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest le…

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by Cecilia Levine
Real Estate
Westchester Complex Sells For $54M Westchester Complex Sells For $54M
Westchester Complex Sells For $54M The Landing at Mohegan Lake has sold to Ginsburg Development for $54 million. The company announced the acquisition Tuesday of the 207-unit lakefront community, which features one and two-bedroom apartments. Ginsburg acquired the property from New Chalet Apartments. The apartments range in size from 712 to 1,215 square feet and rent from $1,860 to $2,595 per month. Ginsburg said it plans to modernize existing amenities and add more amenity space including a children’s playground, gazebo/BBQ area on the lake and lakeside clubhouse. The existing fitness club, swimming pool, and landscaping w…

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by Sam Barron
Real Estate
New York Times Tabs Tuckahoe A 'Growing Village' New York Times Tabs Tuckahoe A 'Growing Village'
New York Times Tabs Tuckahoe A 'Growing Village' TUCKAHOE, N.Y. -- The Village of Tuckahoe is getting its moment in the spotlight. The New York Times recently profiled Tuckahoe, highlighting its affordability and development. Tuckahoe is a mix of people who have lived there their whole lives and younger people attracted to its small town feel and proximity to the city, according to the Times. Marbledale Avenue, which was home to industrial sites, is getting a facelift with a 19-unit luxury condominium complex and a 153-room Marriot. Tuckahoe has about 700 single-family houses, 550 condo units in eight complexes; 300 co-op apartments in f…

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by Sam Barron