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Current Design Features That Attract Owners and Potential Buyers What’s trending in home design Written by C. Anderson, Contributed by Joan O’Meara, with excerpts from recent Trulia blog

HOULIHAN LAWRENCE 1st QUARTER 2017 REPORTPer the Executive Summary in the recent HL First Quarter 2017 Report, we see that new buyers are continuing to be attracted to our communities searching for homes to raise their families. Inventory is tight, yet the economy is thriving and interest rates are at attractive levels, which means it is a great time to sell a property. However, sellers are now the ones sitting on the sidelines meaning we have a staggering drop in inventory – lowest in a decade – with the luxury market being the exception. Yet home sales have been on the rise in some communities, along with prices. Advice for buyers? Be nimble and quick. And for sellers: this is the opportunity you have been waiting for. Continue to price correctly from the start and you will sell on average, in 60 days. To read the full report, visit www.joanomeara.com - Real Estate News

When a homeowner is looking to redesign rooms and spaces within their house, it’s an ideal time to plan both for now and for the future.

Joan O’Meara, associate real estate broker with Houlihan Lawrence’s Rye & Harrison office, recommends that a helpful technique for homeowners is to truly pull back, assess current trends and then look through two lenses—what appeals to them and what may attract a future Buyer pool. “Finding that cross-section is key to making design changes that will suit their living style – as well as that of the prospective Buyer down the road.”

WHAT CHECKS THE BOXES FOR CURRENT BUYERS?

❑ New construction or “move in condition”

❑ Open floor plan, kitchen/family room

❑ Smaller or less formal rooms, such as the traditional formal living room

❑ Mudrooms

❑ Master suites

❑ Location. Buyers use Goggle Earth to see the street, neighborhood, proximity to highways, etc.

As a recent Trulia blog showcases, comfort, ease and personal style are paving the way for 2017 trends. “Home interiors and the concept of ‘living well’ [are] changing,” says New York, NY–based interior designer Heather Higgins. “It is less about opulence and fashion and more about comfort, ease, and a sense of personal style.” The emphasis on individualism is resulting in the rise of trends that are anything but traditional. Here are the top looks that have registered on the radar of design experts for 2017.

TREND 1: Cerused wood is a heavily textured wood treatment which reveals unusual wood grains. Colors such as black, “greige” and dark gray are being used on floors, cabinetry and even wood paneling on walls.

TREND 2: Marble: Overtaking granite, especially in black & white, marble has jumped over from chic restaurants to be a material of choice for home countertops and tabletops…and marble motifs are even being seen in carpets, wallcoverings and fabrics.

TREND 3: Shiny, warm metals, with finishes such as gold and bronze are being used to warm up bathrooms and kitchens hardware. An easy swap to make for knobs, knockers, pulls, faucets.

TREND 4: Matte appliances will contrast with the warm hardware as a strong alternative to the classic stainless steel look – bringing an element of drama into the kitchen.

TREND 5: Natural textures, inspired by animal skins and parchment, are trending in unexpected colors and often in furniture.

TREND 6: Patterned wallcoverings with dramatic patterns in overscaled florals, paisley and abstract designs in darker hues like gray, are showing up in small spaces such as powder rooms.

TREND 7: Bold paint colors, including jewel tones like emerald and amethyst are being used in small spaces and entryways to make a statement with warmth and personality. Darker neutrals are also a way to go such as dark grey.

TREND 8: Overdyed rugs are another way to add neutrals and rich, saturated colors for a pop of color and added dimension. Think art for your floor.

Joan O’Meara points out it is important to keep in mind the Buyer pool. If Millennials are flocking to your community or neighborhood, knowing the trends that will resonate with them can be key to making your home appeal to this group of Buyers. For more on this, see our 4Q newsletter online or the Zillow Report under Sellers at joanomeara.com.

She also reflects that staging your home for sale is still critical to its success on the market. “The good news is that Sellers are becoming more inclined to stage as they see the value/return on investment from staging.” As her experience with successful Sellers shows, being prepared, and offering a tastefully designed home with some of today’s current trends can make a Buyer feel ready to move in. Getting the Buyer to picture their family in the home is the bridge that connects the two so that the Buyer just may be the one sitting on the other side of the closing table in a few short months.

DEARNEIGHBORS

A favorite time of year, spring is sprouting up in Rye & Harrison as more and more residents are out and about enjoying all that our communities have to offer.

Across the three Harrison school districts, number of homes sold stayed even or dropped: there was no change 1Q2017 from 1Q2016 in 10528 (17 sold) and 10577 (5 sold), while 10580 saw a 57% drop from 7 homes sold in 1Q2016 to 3 sold in 1Q2016. Average Sold Prices all dipped, 18% down to $1,117,294 in 10528, 11% down to $1,904,760 in 10577 and 11% down to $1,675,000 in 10580.

Design Trends are important to keep in mind for your home and what could appeal to potential Buyers. Read about Current Trends, this issue.

As always, feel free to contact me with any real estate questions or for a complimentary market analysis of your home.

To a great 2017,

RANKED #1 IN RYE FOR 2016 JOAN O’MEARA &TEAM

42 SALES IN 2016!

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As of 4/12/17. Note: All prices indicated are LIST PRICES.

45 Walker Avenue / Rye 10580 5BR/4.1B / 3423 sqft / FEATURED LISTING

$

1,94

9,00

0

14 Lake Road / Rye 10580 6BR/6.1B / 6832 sqft / FEATURED LISTING

$

3,99

5,00

0

38 Lasalle Avenue / Rye 10580 4BR/3.1B / 3253 sqft / RENTAL

$

11,0

00/m

o

131 Oakland Avenue / Harrison 10528 4BR/3.0B / 3054 sqft / JUST LISTED

$

1,15

0,00

0

32 Orchard Avenue / Rye 10580 4BR/2.0B / 2010 sqft / JUST LISTED

$ 9

55,0

00

66 Apawamis Avenue / Rye 10580 4BR/3.1B / 3210 sqft / RENTAL/NEW LISTING

$

12,9

00/m

o

55 Hewlett Avenue / Rye 10580 6BR/4.0B / 4166 sqft / JUST LISTED

$

2,49

5,00

0

UNDER CONTRACT 720 Milton Road N1C, Rye $ 425,000 66 Milton Road F41, Rye $ 475,000 28 Burdsall Drive, Port Chester $ 579,000 2 Adelaide Street, Rye $ 950,000 330 Milton Road, Rye $ 1,295,000 345 West Street, Harrison $ 1,349,00020 Hunt Place, Rye $ 1,395,000361 Park Avenue, Rye $ 1,499,000 62 Greenhaven Road, Rye $ 2,199,00043 Halsted Place, Rye $ 4,100,000

WE APPRECIATE YOUR REFERRALS! Please remember our team when your family, friends or neighbors

are thinking about a move. Your referrals are much appreciated and always a compliment!

WHAT JOAN’S CLIENTS ARE SAYING…Joan is the most competent and complete realtor we have ever worked with. She is very straightforward and gives great advice. We trust her completely, which is why we have become loyal clients and used her to buy and sell several houses. We also like her very much.

— BH, Client

“ “

HOME SOLD: MOST EXPENSIVE, LARGEST $3,995,000 List Price / 9,358 sqft 5 BR/5.1 Baths

ACTIVE LISTINGS (2) BOASTING MOST BATHROOMS / 9.4 Baths $6,950,000 List Price / 7 BR / 10,000 sqft $2,500,000 List Price / 9 BR / 12,829 sqft

HOME SOLD: QUICKEST TO CONTRACT & OLDEST 14 Days on Market / 1905 $559,900 List Price / 3 BR/2.0 Baths / 2,150 sqft

LARGEST ACTIVE LISTING / 12,952 sqft $5,995,000 List Price / 7 BR/8.2 Baths

SMALLEST HOME SOLD / 1,237 sqft $445,000 List Price / 3 BR/1.0 Baths

Source: HGMLS, Single Family Homes, 10580/10528/10577, Harrison Schools, 1Q (1/1/17-3/31/17); “Active” Home refers to homes listed in 1Q.

FUNFACTS

HARRISON/PURCHASESAMPLINGS Houlihan Lawrence 1st Quarter 2017 Real Estate Transactions

Includes all houses in 10528 Harrison School District, 10580 Harrison School District & 10577 Purchase (Harrison School District). Source: HGMLS: Single Family, 10528/10577/10580, Harrison Schools, Active as of 4/4/17, Contract and Sold 1Q (1/1/17-3/31/17).Note: All prices indicated are LIST PRICES. If your home is currently listed for sale, this is not a solicitation. Not responsible for typos; information provided is deemed accurate.

CONSIDERING A MOVE? Contact Joan to speak with a recent Buyer or Seller. Call or Text: 914-329-5329 Email: jomeara@HoulihanLawrence.com

Single Family ListingsProperty Address Listing Price BR/B Sq. Ft.

14 New St $ 999,000 4/3.0 24009 Braxmar Dr $ 1,085,000 4/2.0 16414 The Crossing $ 1,150,000 4/3.1 367227 Brookside Ln $ 1,175,000 4/2.2 301528 Fenimore Dr $ 1,225,000 3/2.2 30004300 Purchase St $ 1,275,000 4/3.1 3246345 West St $ 1,349,000 5/4.0 349614 Puritan Rd $ 1,395,000 4/3.1 262215 Greenway Rd $ 1,475,000 5/3.1 37661 Indian Tr $ 1,499,000 6/4.1 566137 Winfield Ave $ 1,550,000 6/6.2 4911453 Sterling Rd $ 1,795,000 5/5.1 40054 Laurel Way $ 2,195,000 6/6.1 747134 Seville Ave $ 2,295,000 6/4.1 36003 Stonegate Ln $ 2,295,000 5/4.1 5300248 Sterling Rd $ 2,350,000 6/4.1 607218 Winfield Ave $ 2,395,000 5/4.1 675027 Archer Rd $ 2,540,000 5/4.2 528948 Biltmore Ave $ 2,690,000 6/5.1 611711 Knightsbridge Mnr Rd $ 2,750,000 6/6.1 7500250 Highland Rd $ 2,875,000 7/6.1 5995

Single Family Listings continuedProperty Address Listing Price BR/B Sq. Ft.

8 Pheasants Run $ 2,895,000 6/5.1 677466 Muchmore Rd $ 2,950,000 5/4.2 69004 Pineview Cr $ 2,999,000 7/8.1 809120 Knightsbridge Mnr $ 2,999,999 6/7.1 7839132 Lincoln Ave $ 3,350,000 6/6.3 9522111 Bellevue Ave $ 3,425,000 5/4.2 507816 Convent Ln $ 3,925,000 7/6.2 6661121 Rye Ridge Rd $ 4,795,000 5/6.2 950057 Rye Ridge Rd $ 4,985,000 6/6.1 98521 Laurel Wood Ct $ 5,995,000 7/8.2 12,952

Single Family in ContractProperty Address Listing Price BR/B Sq. Ft.

72 Oakland Ave $ 599,999 4/2.0 1600178 Old Lyme Rd $ 669,000 4/2.1 154810 Pheasant Dr $ 1,195,000 3/3.1 3426623 Harrison Ave $ 1,450,000 4/3.1 4738North 22 Braxmar Dr $ 1,495,000 5/3.1 30684340 Purchase St $ 1,500,000 6/8.2 927865 South Rd $ 1,595,000 4/3.1 3750

Single Family in Contract continuedProperty Address Listing Price BR/B Sq. Ft.

14 Mount Holly Dr $ 2,300,000 4/4.1 41908 Boxwood Ln $ 2,750,000 5/5.2 68991 Puritan Rd $ 3,395,000 7/7.1 750017 Linden Dr $ 4,295,000 9/8.2 9644

Single Family SoldProperty Address Listing Price BR/B Sq. Ft.

12 Sunset Ln $ 950,000 5/5.2 521748 Century Tr $ 959,000 4/3.0 30579 Winfield Ave $ 1,230,000 4/4.0 31134 Richardson Ln $ 1,350,000 5/4.1 5300105 Lincoln Ave $ 1,459,000 4/3.1 335620 Highfield Rd $ 1,499,000 4/4.1 450010 Highland Park Pl $ 1,575,000 4/4.1 2977278 Sterling Rd $ 1,800,000 5/4.1 44767 Cedar Ln $ 3,995,000 5/5.1 9358

NYCSPOTLIGHT

Mike Lubin, Manhattan real estate agent, feels that the NYC market is very strong. The spring market is off and running!

The average Manhattan apartment price reached a record $2,174,105 in the first quarter of 2017. New development closing prices averaged $4,345,818, a 15% improvement from 2016’s first quarter. The median resale apartment price rose to $955,000, a new record. While the total number of sales was down slightly from a year ago, the number of resale closings rose 5%.

The average Manhattan apartment price rose 4% over the past year to a record $2,174,105. Luxury new developments, and an uptick in high-end resale condo closings helped fuel this increase. A record was also set for the median price, which at $1,150,000 was slightly above the previous record set a year ago. There were 1% fewer sales recorded than in 2016’s first quarter due to a 17% decline in new development closings.

Resale apartment prices averaged $1,561,911, 5% higher than a year ago and the highest level since the second quarter of 2015. The median resale price of $955,000 bested the prior record of $950,000 set last year.

Resale apartments sold in the first quarter spent an average of 95 days on the market. This was 14% longer than a year ago, and the most amount of time since the second quarter of 2013. Buyers on average paid 97.8% of the seller’s last asking price, down from 98.3% a year ago. This was the lowest selling versus asking price ratio in four years.

Contact Mike Lubin for all of your New York City needs via the Joan O’Meara team for all assistance and guidance in purchasing and selling Manhattan and Brooklyn real estate.

MARKETINGHIGHLIGHT HOULIHAN LAWRENCE

In the air, around the world, Houlihan Lawrence is there!

• Houlihan Lawrence is the exclusive real estate partner of BLADE for the communities north of NYC. Our properties are prominently featured to passengers throughout their helicopter, seaplane and jet journeys between New York City, the Hamptons, Nantucket and Miami. Connect with Joan for an exclusive promotional code to use on your next flight..

• Houlihan Lawrence is a founding member of Leading Real Estate Companies of the World and Luxury Portfolio International. Together these global networks comprise the top real estate brokerages in the world, connecting Joan to 128,000 real estate sales experts in 68 counties.

An insightful look into NYC Real Estate

PRSRT STDUS POSTAGE

PAIDWHITE PLAINS, NYPERMIT #2101

16 Elm Place • Rye, New York 10580

Volume 13 / Issue 1H

• Latest Harrison and Purchase Sales & Listings Stats • • What’s trending in home design

17 17 5 5 3 7

129 141 122 131 85 121

$1,201,406 $1,434,759 $2,020,700 $2,312,800 $1,799,667 $2,079,000

$1,117,294 $1,358,951 $1,904,760 $2,148,040 $1,675,000 $1,878,571

3,732 4,022 5,626 6,221 4,298 5,779

$308 $340 $339 $355 $408 $316

1Q 2017 Single Family Housing Sales Summary

10528 1Q17 1Q16

10577 1Q17 1Q16

10580

1Q17 1Q16

# of Homes Sold

Avg Days on Market

Avg List Price

Avg Sold Price

Avg Sq Footage

Avg Price/Sq Ft

JOAN O’MEARA & TEAM RANKED #1 Rye City • Rye City Schools • 10580 Rye/Harrison

RANKED #1 IN RYE 2016, 2015, 2014, 2012, 2011

RANKED IN TOP 5 IN RYE SINCE 2005

*Includes all houses in 10528 Harrison School District, 10580 Harrison School District & 10577 Purchase (Harrison School District). Source: HGMLS; Single Family Homes, 10528/10577/10580, Harrison Schools, Sold, 1/1/16-3/31/16 and 1/1/17-3/31/17.

JOAN O’MEARA&TEAM

Harrison/Purchase

This newsletter from Joan O’Meara & Team reaches a circulation of 9,000+ local readers.