Prices up in Westchester and the Lower Hudson Valley

From LoHud:

Home prices in region rise as inventory drops, report finds

Prices of single-family homes rose throughout the Lower Hudson Valley region in the second quarter, with the number of homes available for sale continuing to dwindle, according to the real estate sales report released Monday by the Hudson Gateway Association of Realtors.

Dorothy Botsoe, president of HGAR and the owner of Dorothy Jensen Realty in White Plains, said the market condition is frustrating some prospective buyers, particularly those people who are trying to enter the housing market for the first time.

“Buyers are trying, but they can’t even get their foot in the door because when they see the property and before they can make a reasonable offer, there are multiple bids,” Botsoe said.

The median sale price for single-family homes in Westchester was $670,000 in the second quarter, up by 3.1 percent from the same period last year, when the figure was $650,000.

In Rockland, the median price rose to $441,387, up by 2.6 percent from a year ago when the figure was $430,000. And in Putnam, the median rose by 9.9 percent, from $314,000 last year to $345,000 this year.

The pace of the price increase over the past five years in Rockland is noteworthy. The 2017 second-quarter median for single family homes, $441,387, was 13.2 percent higher, or $51,387 more, compared to the 2013 figure, $390,000.

The price hike is driven by the ever-shrinking housing supply, experts agreed.

The HGAR report stated that prospective home buyers are “operating in a market that has seen tremendous reductions in the supply of for-sale housing over the past four years.”

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61 Responses to Prices up in Westchester and the Lower Hudson Valley

  1. Grab them by the puzzy says:

    @birbigs

    is america great again or is that later?

  2. grim says:

    From Bloomberg:

    Tale of Two Brooklyns: Renters Get Deals While Buyers Priced Out

    Finding a place to live in Brooklyn is easy if you want to rent a home — not so much if you want to buy one.

    An avalanche of newly built rentals has blanketed the borough, driving leasing costs down in June for the ninth time in a year and pushing landlords to compete for who can offer the sweetest deal. Brooklyn rents fell 1.6 percent from a year earlier to a median of $2,813, while the supply of available units jumped for the 22nd month in a row, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.

    For would-be buyers, meanwhile, there are few choices — and what’s there is getting more expensive. Purchasers agreed to pay more than what sellers were seeking in 23 percent of transactions that closed in the second quarter, sending the median sale price to a record of $795,000, the firms said in a separate report. Brooklyn’s sales inventory of 2,257 homes at the end of the quarter was the lowest for the period in nine years, and it would take just 2.4 months to sell them all at the current pace of deals, also a nine-year record.

    “We’re hurting in terms of resale inventory,” said Frank Percesepe, who oversees Brooklyn sales for Corcoran Group. The brokerage released its own report Thursday, citing a 23 percent drop in purchase listings in the borough. “People at the lower end of the market are struggling to find something.”

  3. grim says:

    The real question is, how can we make money on the cold war? What’s the trade?

  4. nwnj3 says:

    I’m pretty happy with things, fake news aside.

  5. D-FENS says:

    Here we go…Anthropology trips across America for those who are still dumbfounded by the 2016 election.

    http://www.politico.com/story/2017/07/13/huffington-post-middle-america-240476

    HuffPost goes out in search of Middle America
    Seeking a new direction, the site launches a 23-city bus tour to ‘listen to America.’

    “A lot of us are thinking about journalism and how journalism relates to people’s lives and this project was really a direct result of that, wanting to get out into the country and hear from people about the things that mattered most to them rather than us deciding from our office in the East Village what are the stories that are most important to Americans and hear what people have to say,” she said. “So much of journalism today is elites speaking to elites and I see the role of HuffPost as speaking for really everyone.”

  6. Fabius Maximus says:

    Lib,

    The whole thing with Russia comes back to its not so much the crime as the cover-up. Who is actually surprised that A) this happened, B) it came out, C) they messed up the damage control.
    What annoys me is the constant lying and the constant belief that they are above the rules and the law. The is no doubt in my mind that Donnie is financially tied to the Russians. I suspect bank loans, side deals and lots and lots of history. Right down to all the condos he has sold to the Oligarchs over the years. Admit it, get it out in the open and deal with it. But no, its going to be double down again and again on the lie.
    What is also annoying is the spin to defend this. “No intel was passed, so no harm, no foul”. No the call to the feds is the first thing that should have happened. You want to call the media straight after, that’s fine. The spin of “everyone’s doing it” doesn’t hold water either. We hacked Merkles phone, just because they would have tried to hack O’s phone doesn’t make it right.
    Meanwhile the dismantling of gvmt continues. Most agencies have major gaps. The State Dept is a mess and they are the ones we really need at the moment. Even Woody Johnson is still waiting to go to London.
    This is just getting started and there is more to come. I think in six months we will see either the start of impeachment, or troops on the streets.

  7. Fabius Maximus says:

    ExPat, wasn’t it you leading the charge against Pumps for being crass and posting his stock gains?

  8. grim says:

    What’s Alpine going to do when all the Russian oligarchs pick up and leave?

  9. grim says:

    our office in the East Village

    Shocking to think that there is groupthink going on in the East Village.

  10. D-FENS says:

    I hope people follow that bus and troll them so hard…

  11. Fast Eddie says:

    I suspect bank loans, side deals and lots and lots of history.

    You mean working with the Ukraine on opposition research against Trump? Or, how about when Bill Clinton received $500,000 from a Russian bank selling Uranium One futures, while the chairman of Uranium One donated over two million dollars to the Clinton Foundation prior to the sale? Is this the history to which you’re referring?

  12. Grim says:

    Was in Minnesota this week – suburbs around Minneapolis look and feel just like Jersey. Very odd.

  13. Grim says:

    It’s a crime to do business with someone who is Russian?

  14. Steamturd supporting the Canklephate says:

    “I think in six months we will see either the start of impeachment, or troops on the streets.”

    I think you are smoking the good stuff. Though, I do appreciate your response. I will say that there is no precedent for what we are witnessing. As far as I can remember, I can’t think of another president whose line of work was real estate development. The closest we could probably come to it would be JFK, but they just owned a ton of their own properties, not rental/lease, or hotels or country clubs. Is there a conflict of interest? Absolutely, and it’s made worse by the fact that Trump doesn’t care about optics. But as was the case when Montclair elected and reelected a developer for mayor, they should not be surprised that the town is rapidly changing from a suburb to a metropolis under his leadership. If the people elected a guy who owns a ton of commercial (and international) RE, then they shouldn’t be surprised if he had deals with some of these countries leaders. It’s no different than what the Clinton Foundation represented. Don’t think for a minute that some of the dictators that donated were not in it for future favor, especially knowing that the SOS was the anointed next president.

    It’s obvious to me that the national Dem strategy is exactly the same strategy employed by the right for the past eight years. Keep on hammering where there’s no nail and eventually people will believe there is one. It’s effective if your audience cares. But I don’t think those who voted for Trump do. Plus, the Dems are going to need some Americana name to draw in some of the sheeple on the other side. Like a Zuckerberg or something. We’ll see.

  15. Steamturd supporting the Canklephate says:

    Grim…you were in my companies headquarters neck of the woods. I agree with you wholeheartedly about the NJ look. I wish you told me you were heading up there. I could have given you some great restaurant tips. I know an amazing (and cheap) Vietnamese place in St. Paul as well as a great freshwater seafood joint with great popovers in Eden Prarie. BTW, it’s a challenge up there to find a menu that does not contain Walleye Trout.

    Ever see airport security as secure as at MSP? They are all ex reservists since MSP has a huge Air Force reserve presence.

  16. grim says:

    MSP is a beautiful airport for sure.

  17. Steamturd supporting the Canklephate says:

    MSP has a peculiar layout in that all of the terminals are in one long-ass straight line. It was murder before they put in the mono-rail.

  18. Steamturd supporting the Canklephate says:
  19. chicagofinance says:

    It has the best assortment of Cinnabons and megapretzels in the midwest…

    grim says:
    July 13, 2017 at 9:18 am
    MSP is a beautiful airport for sure.

  20. Grim says:

    What’s this I hear of a $200 million bid for Revel?

  21. Steamturd supporting the Canklephate says:

    “It has the best assortment of Cinnabons and megapretzels in the midwest…”

    Best airport food I’ve ever found is in Memphis. Both Corky’s and Interstate BBQ are absolutely the real deal. And Corky’s is cheap. I once ordered a pulled pork sandwich that I opened up after taking off on an Embraer and the whole plane was jealous!

    Best of the New York airports has to be the Boar’s Head sandwich counter at JFK’s Jet Blue Terminal. The Italian is really, really good. But you better allot about 20 minutes for them to make it. The word is definitely out.

  22. Steamturd supporting the Canklephate says:

    And…the revenue losses have stopped in AC. It is really turning around. You can see it and sense it when you are down there. Caesars bankruptcy plan was approved as well. Perhaps the Revel bid was Caesars…which I always said was what I thought would eventually happen. Current owner just turned a 100% profit in a couple of years.

  23. 30 year realtor says:

    Hope the Russians don’t get thrown out of the country before my condo in the Atrium in Fort Lee is marketed and sold. Who else is paying $1,400,000 for a condo in Bergen County?

  24. Steamturd supporting the Canklephate says:

    Revel offer is from a Private Equity firm. $220 million. Straub paid 80, right? Not a bad flip.

  25. D-FENS says:

    We look forward to the hearing where Lynch has to explain how she gave this “russian operative” special access to America, then lost track of her, only to discover her again via NSA intercepts, trying to pitch Magnitsky Act repeal to Trump Jr.

    -ZH

  26. Grim says:

    For those that don’t follow – Obama let the spy the colluded with Trump into the country.

  27. grim says:

    Macron brought his mom to a meeting with Trump?

    F@cking millennials.

  28. joyce says:

    Net Neutrality: The Liars Need To Be Locked Up
    http://market-ticker.org/akcs-www?post=232222

  29. 3b says:

    Stu Corkys is the best!! Used to get gift boxes all the time from my clients down there back in the day when I was a player!!

  30. D-FENS says:

    Macron is into some freaky stuff. Definitely has mommy issues.

  31. Steamturd supporting the Canklephate says:

    3B…hell yeah! Just don’t try to eat it on a plane without a bib.

  32. The Great Pumpkin says:

    Sounds about right

    “I enjoy democracy immensely. It is incomparably idiotic, and hence incomparably amusing. Does it exalt dunderheads, cowards, trimmers, frauds, cads? Then the pain of seeing them go up is balanced and obliterated by the joy of seeing them come down. Is it inordinately wasteful, extravagant, dishonest? Then so is every other form of government: all alike are enemies to laborious and virtuous men. Is rascality at the very heart of it? Well, we have borne that rascality since 1776, and continue to survive.” -H.L. Mencken

  33. Grab them by the puzzy says:

    who said: if ivanka wasn’t my daughter i’d date her

    D-FENS says:
    July 13, 2017 at 11:09 am
    Macron is into some freaky stuff. Definitely has mommy issues.

  34. The Original NJ ExPat says:

    In reality, it’s quite obvious that the media’s mass hysteria is really only serving to bolster ‘The Resistance’ in the major metro areas of the country. But, as Democrats should have learned by now, rallying the disaffected liberal voters of New York and California is not going to win any national elections.

    http://www.zerohedge.com/news/2017-07-12/sorry-nyt-middle-america-simply-doesnt-care-about-trump-jr-narrative

  35. chicagofinance says:

    My brother just went through Newark and said there is a new BBQ place called The Notorious P-I-G

    Steamturd supporting the Canklephate says:
    July 13, 2017 at 10:12 am
    “It has the best assortment of Cinnabons and megapretzels in the midwest…”

    Best airport food I’ve ever found is in Memphis. Both Corky’s and Interstate BBQ are absolutely the real deal. And Corky’s is cheap. I once ordered a pulled pork sandwich that I opened up after taking off on an Embraer and the whole plane was jealous!

    Best of the New York airports has to be the Boar’s Head sandwich counter at JFK’s Jet Blue Terminal. The Italian is really, really good. But you better allot about 20 minutes for them to make it. The word is definitely out.

  36. The Great Pumpkin says:

    Pretty messed up system that ignores the votes of the majority at the expense of the few based on the state you live in.

    The Original NJ ExPat says:
    July 13, 2017 at 1:05 pm
    In reality, it’s quite obvious that the media’s mass hysteria is really only serving to bolster ‘The Resistance’ in the major metro areas of the country. But, as Democrats should have learned by now, rallying the disaffected liberal voters of New York and California is not going to win any national elections.

    http://www.zerohedge.com/news/2017-07-12/sorry-nyt-middle-america-simply-doesnt-care-about-trump-jr-narrative

  37. D-FENS says:

    The design is to prevent a “majority” from ever oppressing the civil rights of a minority. A pure “majority rules” democracy is tyrannical.

    The Great Pumpkin says:
    July 13, 2017 at 2:01 pm
    Pretty messed up system that ignores the votes of the majority at the expense of the few based on the state you live in.

  38. The Great Pumpkin says:

    No wonder so many Americans ignore their right to vote…..what exactly is the point? The only votes that matter are the votes of a few swing states that in no way in hell should yield that kind of power on the majority.

  39. The Great Pumpkin says:

    Republicans have figured it out. Continue to win presidential elections without winning the majority vote. Just tell the losers in the swing state some lie about how you will get them jobs and make America great again and boom…,you are president.

  40. The Great Pumpkin says:

    But it’s okay to put someone in power in which the majority didn’t want or didn’t vote for. Sounds like the minority are suppressing the rights of the majority under this system which is just as dangerous.

    D-FENS says:
    July 13, 2017 at 2:06 pm
    The design is to prevent a “majority” from ever oppressing the civil rights of a minority. A pure “majority rules” democracy is tyrannical.

  41. D-FENS says:

    I have news for you. The majority of people who live in the United States didn’t even bother to vote.

    The Great Pumpkin says:
    July 13, 2017 at 2:11 pm
    But it’s okay to put someone in power in which the majority didn’t want or didn’t vote for. Sounds like the minority are suppressing the rights of the majority under this system which is just as dangerous.

  42. The Great Pumpkin says:

    Yes, because for the majority, their vote is utterly meaningless. Want more people to vote, then make their vote serve a purpose, as opposed to a charade to make them feel like it is meaningful.

    Second, make a law that holds politicians accountable to what was promised if elected. This puts an end to voting for someone that said this, but then does the complete opposite when elected, once again making your vote meaningless, worthless, and a waste of time.

    Third, give us real options to vote for. There should be at the minimum, 3 got damn legit options. One option for the left, one for the right, and one for moderates. That’s the minimum, you should have multiple choices representing the different factions of the left and right. That’s a real election. I’m dying for someone that represents the middle of the spectrum, but it’s getting so hard to find these days.

  43. The Original NJ ExPat says:

    Clinton spent all her time raising money in California and New York and won those states by more than 6 million votes. But in the end she was a lazy, fat criminal who didn’t give a sh1t about flyover country and they returned the favor. Like you, Pumps, she was just a stupid f.uck who didn’t understand the game. She catered to states she was going to win anyway to build a 6 million worthless vote lead that she squandered on all of the critical swing states she ignored.

    Think about the simple numbers. She had a six million vote lead from just two states and then was so hated that she lost half of that lead in the other 48 states. In 2020 they’ll be rioting in NY and CA again, probably killing people who voted the way they were told to vote.

    Pretty messed up system that ignores the votes of the majority at the expense of the few based on the state you live in.

  44. The Original NJ ExPat says:

    Right after the Dem convention Billary did a bus tour through PA and parts of the midwest. She couldn’t draw flies, much less a crowd. I wrote a lot about it here. Here was the first woman US president and they were hiring people to come hear her speak and using the media to lie about the crowd size. So that was early Summer and her campaign should have known they had a big problem. Maybe they did, but they thought their oppo research would take care of it and they were dead wrong. Trump could have carried two upside down waif fashion models like they were bowling balls, two chubby fingers in each and it wouldn’t have mattered. In actuality, he achieved what he did by the same means that failed for her. He was elected because he wasn’t her.

  45. The Great Pumpkin says:

    Expat, unfortunately, there are a ton of uneducated individuals in the population that are unable to see the world through educated eyes.

    My fav trend coming from this group these days…..the bashing of college. Are they really putting down a higher education system that propelled this entire world to unimaginable greatness out of hate for people that don’t think like them? I’m sorry, conservatives are jumping on the stupid train and getting drunk off the stupid juice.

    The left are crazy, but they are not at this level of stupidity to take up talking points like “college is ruining America.” Just take a seat and shut up, stupid. College isn’t brainwashing anyone, the only one getting brainwashed is the idiot spreading this nonsense conservative propaganda that wants to send society backwards. College teaches you how to critically think, it does not tell you how to think.

    If you are in college and claiming your professor is brainwashing you…just drop out now. Higher education is not for you, you don’t want to learn how to think for yourself.

  46. chicagofinance says:

    The End Is Nigh (steamturd Edition):

    A twisted straphanger peed onto a woman’s face on a Queens subway train early Thursday.

    The 26-year-old victim told police she was listening to music with her eyes closed while sitting on a J train in Jamaica when she felt something wet splashing her in the face around 2 a.m.

    When she opened her eyes, she saw the sicko relieving himself on her, cops said.

    The creep got off the train at the Cypress Hills station and fled.

    The woman was uninjured and reported the incident to police.

    Police describe the suspect as standing around 5-foot-3 and wearing a red shirt and black pants.

  47. The Original NJ ExPat says:

    Remind me to tell you a story about a pot and a kettle someday.

    Expat, unfortunately, there are a ton of uneducated individuals in the population that are unable to see the world through educated eyes.

  48. The Original NJ ExPat says:

    That’s one of the dangers of singing along with your ipod/iphone at 2AM with your eyes closed on the subway.

    Don’t go chasing waterfalls
    Please stick to the rivers and the lakes that you’re used to…

    A twisted straphanger peed onto a woman’s face on a Queens subway train early Thursday.

    The 26-year-old victim told police she was listening to music with her eyes closed while sitting on a J train in Jamaica when she felt something wet splashing her in the face around 2 a.m.

  49. LurksMcGee says:

    Don’t they call common sense like that “victim blaming”?

  50. No One says:

    Yep it was classes in Queer Chicano Literature and Philosophy of Sex and Race that propelled the world to unimaginable greatness, pumpkinhead. Not.
    HL Mencken would have laughed and laughed at your idiocy.

  51. Math Major says:

    DFens,
    I was one of them. No one worth voting for.

    ” I vave news for you. The majority of people who live in the United States didn’t even bother to vote

  52. D-FENS says:

    @charliekirk11
    The way the media is going crazy you would almost think Don JR gave hundreds of millions in cash to Iran secretly

  53. Blue Ribbon Teacher says:

    Sounds like the minority are suppressing the rights of the majority under this system which is just as dangerous.

    What rights of yours have been suppressed by the new regime?

  54. XRumerTest says:

    Hello. And Bye.

  55. Fabius Maximus says:

    And yet again we have the spin to defend this.

    “Ukraine […] Bill Clinton […] Uranium […] Clinton Foundation ”
    “hundreds of millions in cash to Iran secretly”
    “Clinton Foundation ”

    Set that aside, the election is over, focus on the now.

    The media spin is going to continue, they are going after every article this journalist wrote. But it all does not deflect from the fact that there is substance to the allegations against T here. That should be the only focus here.

  56. D-FENS says:

    File under “wet work”

    GOP operative who sought Clinton’s emails committed suicide

    http://www.foxnews.com/politics/2017/07/13/gop-operative-who-sought-clintons-emails-committed-suicide.amp.html

    GOP operative who sought Clinton’s emails committed suicide

    Published July 13, 2017 Fox News
    A Republican Party operative who said he tried to obtain Hillary Clinton’s emails from Russian hackers committed suicide days after speaking to The Wall Street Journal, records acquired by the Chicago Tribune show.

    Continue Reading Below

    Peter W. Smith, an 81-year-old GOP donor from Chicago, was found dead in a Rochester, Minnesota hotel room on May 14. The Tribune obtained a state death record stating Smith committed suicide in the hotel on the date.

    The Journal reported that Smith, a longtime opposition researcher for the GOP, “mounted an independent campaign to obtain emails he believed were stolen by Hillary Clinton’s private server, likely by Russian hackers” and implied he was working with Gen. Michael Flynn, then a senior adviser to then-candidate Donald Trump.

    Smith said he had created a team to find the emails that might have been stolen by hackers during Clinton’s tenure as U.S. Secretary of State, although the Journal reported Smith was focused on obtaining the 30,000 emails Clinton claimed she deleted because they were personal.

    GOP OPERATIVE SOUGHT CLINTON EMAILS FROM HACKERS, IMPLIED TIES TO FLYNN

    In Smith’s hotel room, he left a “statement police called a suicide note in which he said he was in ill health and a life insurance policy was expiring,” the Tribune reported.

    Continue Reading Below

    His death, which a police chief called “unusual,” had been recorded as “asphyxiation due to displacement of oxygen in a confined space with helium.” Smith was found with a bag over his head and a helium source attached.

    According to the Tribune, Smith wrote two blog posts before his death: one challenging the U.S. intelligence community’s findings that Russia interfered in the 2016 election and another “predicting” that “the Russian interference story will die of its own weight.”

  57. Fabius Maximus says:

    Newark food is awesome these days,Terminal C is a food mecca. I was gutted when Gallagher’s pulled out of terminal C, but Wanderlust makes up for it.
    Funny part is, when you read the reviews the Ipad ordering and the service is in the big problem.

    When I fly domestic I love the shuttle between terminal A and terminal C. I get to the airport early, hit the Terminal C United Lounge. If I need lunch or dinner I hit the food places in C and then take the shuttle bus over to the A gates and catch the flight.

  58. Fabius Maximus says:

    “AB – That Russian lawyer entered the country on an expired visa and was seen on the hill.
    What was she doing 8 days later hanging out with a literal obama administration official (u.s. ambassador to russia)?”

    Looks like she was trying to get Russian Adoption restarted, “let do it for the kids!” or the restrictions on the Oligarchs lifted.

    http://www.businessinsider.com/magnitsky-act-russian-adoptions-donald-trump-jr-meeting-2017-7

    These releases just get better by the day.

  59. The Great Pumpkin says:

    Tell me why I’m an idiot if I buy this for investment purposes? Thinking of putting my money where my mouth is and buying a couple of empty lots.

    See what I found on #Zillow!
    https://www.zillow.com/homedetails/227-S-Vermont-Ave-Atlantic-City-NJ-08401/2093726651_zpid

  60. PumpkinFace says:

    Trump is a criminal piece of sh!t and should be treated as such. But I love the idea that when a politician, who is no longer in power, breaks the law or does anything wrong… ‘focus on the now’ is the mantra [for both sides].

    Fabius Maximus says:
    July 13, 2017 at 11:43 pm
    And yet again we have the spin to defend this.

    “Ukraine […] Bill Clinton […] Uranium […] Clinton Foundation ”
    “hundreds of millions in cash to Iran secretly”
    “Clinton Foundation ”

    Set that aside, the election is over, focus on the now.

    The media spin is going to continue, they are going after every article this journalist wrote. But it all does not deflect from the fact that there is substance to the allegations against T here. That should be the only focus here.

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