Biggest gain in 14 years as median prices fell by record amount
Read the full article here http://www.msnbc.msn.com/id/18842917/
I have been saying it for the past few months, it is picking up and picking up fast! My listings are getting offers, multiple offers, I am in contract on many homes right now. Buyers are tired of waiting (they have been waiting for over a year and 1/2) and are buying. In Jan 2007 I saw a huge increase in buyer activity, tons of calls and emails from prospective buyers inquiring about listings. I told my worried sellers that the market is not going to be bouncing back any time soon but the increase buyer traffic will help a lot to offset the price drops and market slowdown, and that is exactly what has happened.
I see some sellers finally realizing their overpriced home will not move and I also get some sellers who refuse to drop any more and wait it out, some did get lucky with the recent buyer activity, they held to their prices and they got pretty close. I have told my buyers that they better not wait too much longer and the prices we are seeing these days as asking prices, they are getting very close to asking because they have already dropped 10-15%. Some buyers are not listening and they learned the hard way by being out bid by others. You can't low ball any more. Overall I think both the buyers and sellers ready to make things work.
So sales are UP, prices are DOWN... that is A LOT better than sales down AND prices down... so it is a start... I predict it will slowly get better, this will be a great year and 2008 will be even better.
I know this article is talking about new homes, but I am seeing the same surge in existing/resale home sales.
Michael Trinchitella
The Preserve at Somers
Thursday, May 24, 2007
Monday, May 21, 2007
County says no to Somers' request for more open-space funds
County says no to Somers' request for more open-space funds
SOMERS - Westchester County's message to this town is not exactly "drop dead," but it's close.
To a request for more money to preserve more open space from development in Somers, County Executive Andrew Spano has told the town to start approving affordable housing units or forget about any more county cash.
"To date the town of Somers has not demonstrated any progress in following through on the commitment to add affordable housing in the town," reads a May 4 letter from Spano.
It's bad news for activists trying to keep a 29-acre peninsula on the crystal blue Amawalk Reservoir from being developed, but it's not unexpected news.
Read the entire artcile here: http://www.thejournalnews.com/apps/pbcs.dll/article?AID=/20070511/NEWS02/705110397/1026/NEWS10
_________________________
The Preserve at Somers
SOMERS - Westchester County's message to this town is not exactly "drop dead," but it's close.
To a request for more money to preserve more open space from development in Somers, County Executive Andrew Spano has told the town to start approving affordable housing units or forget about any more county cash.
"To date the town of Somers has not demonstrated any progress in following through on the commitment to add affordable housing in the town," reads a May 4 letter from Spano.
It's bad news for activists trying to keep a 29-acre peninsula on the crystal blue Amawalk Reservoir from being developed, but it's not unexpected news.
Read the entire artcile here: http://www.thejournalnews.com/apps/pbcs.dll/article?AID=/20070511/NEWS02/705110397/1026/NEWS10
_________________________
The Preserve at Somers
Wednesday, May 16, 2007
Somers school budget passes by 2-1 margin
JOURNAL NEWS(Original Publication: May 15, 2007)
The Somers school budget passed by nearly a 2-to-1 margin, and Board of Education incumbent Joanne Iannacchino will rejoin the board with first-time trustees Anthony Cirieco and Ifay Chang.Excluding votes from about 50 absentee ballots, the $71.9 million budget passed unofficially, 1,114 to 631, according to District Clerk Nancy Corrado.The 2007-08 fiscal plan will raise taxes 5.8 percent. Based on a home assessment of $60,000, the school tax bill would be $7,419."Obviously, we're delighted that the community came out and supported our schools once again with a very favorable margin of close to 2-to-1," said Superintendent Joanne Marien. "To us, it's an indication of the community's support and confidence in the school. We appreciate that, and we certainly don't take it lightly. We will continue to do our best to service our community well."
The Somers school budget passed by nearly a 2-to-1 margin, and Board of Education incumbent Joanne Iannacchino will rejoin the board with first-time trustees Anthony Cirieco and Ifay Chang.Excluding votes from about 50 absentee ballots, the $71.9 million budget passed unofficially, 1,114 to 631, according to District Clerk Nancy Corrado.The 2007-08 fiscal plan will raise taxes 5.8 percent. Based on a home assessment of $60,000, the school tax bill would be $7,419."Obviously, we're delighted that the community came out and supported our schools once again with a very favorable margin of close to 2-to-1," said Superintendent Joanne Marien. "To us, it's an indication of the community's support and confidence in the school. We appreciate that, and we certainly don't take it lightly. We will continue to do our best to service our community well."
Friday, May 4, 2007
The Preserve at Somers resource and information web site
The Preserve at Somers resource and information web site - Please see the following web site for The Preserve at Somers.
The Preserve at Somers is a 300 acre wooded wonderland, 1/2 of the site remains natural and undeveloped. The 188 homes on 1/2 - 1.25 acre lots have been grouped together into several discrete sections. Surrounding each area of homes are expansive vegetation buffers through which numerous streams flow and several ponds glisten. Centuries old stone walls run through the property.
There is also a delightful walking trail amid the gently rolling topography which connects to the Westchester - Putnam trailway systems. The roads, most of which culminate into cul-de-sacs, have been dedicated as town roads.
There are 7 different home models, having 2 possible designs for each model.
The Preserve at Somers area features include:
Prestigious Somers School District.
Shopping at nearby Somers Commons and Jefferson Valley Mall
Local Lakes and other recreational facilities
Easy access to Taconic State Parkway and Rt. 684
Somers tax structure
Municipal sewer and water Underground utilities
Natural gas service
One house scheduled train service to NYC.
Michael Trinchitella
www.MikeTrinch.com
The Preserve at Somers is a 300 acre wooded wonderland, 1/2 of the site remains natural and undeveloped. The 188 homes on 1/2 - 1.25 acre lots have been grouped together into several discrete sections. Surrounding each area of homes are expansive vegetation buffers through which numerous streams flow and several ponds glisten. Centuries old stone walls run through the property.
There is also a delightful walking trail amid the gently rolling topography which connects to the Westchester - Putnam trailway systems. The roads, most of which culminate into cul-de-sacs, have been dedicated as town roads.
There are 7 different home models, having 2 possible designs for each model.
The Preserve at Somers area features include:
Prestigious Somers School District.
Shopping at nearby Somers Commons and Jefferson Valley Mall
Local Lakes and other recreational facilities
Easy access to Taconic State Parkway and Rt. 684
Somers tax structure
Municipal sewer and water Underground utilities
Natural gas service
One house scheduled train service to NYC.
Michael Trinchitella
www.MikeTrinch.com
Subscribe to:
Posts (Atom)
