Rye Real Estate Update July 2007
Single Family Homes in Rye (week ending July 13, 2007):
• on the market: 83
• in contract: 44
Shop Talk
Ninety one homes have sold in Rye City in the last 6 months, compared to seventy homes in the same period last year. 32 or 35% of those closings were for under $1,000,000.00 with an average closing price of around $780,584. In the $1,000,000+ category, 59 or nearly 65% of homes closed ranging from approximately $1,000,001 to $10,000,000+, for an average sales price of $2,338,726.
(*zip 10580 Rye City School District or Rye Neck Schools only)
On the Market
Location: 702 Forest Avenue
The List Price: $4,895,000
Square Feet: 6,650
Beds/Baths: 6 bedrooms, 7.1 bathrooms
Acreage: .92 acres
The story:
This is an elegant brand new construction luxury home built by Leo Tomcyzk (of Realogy) on Milton Point with fabulous details. A gracious entry portico opens to an expansive hallway with arched doorways and coffered ceiling. This attractive stone colonial 
features a wood paneled library with detailed moldings, a spacious gourmet kitchen with butler’s pantry that opens to a family room and French doors that open to a flagstone patio overlooking the property.
The master bedroom suite has a sitting room area, bath and elaborate closets. The home has four masonry fireplaces and an additional five bedrooms. Milton Elementary School, Rye Town Park and Oakland Beach are all within walking distance.
The listing agent:
Sula Pearlman
Coldwell Banker/ Country Properties
sulapearlman.com
914-967-0059
sula.pearlman@cbmoves.com
Information provided by Judy Croughan of Coldwell Banker/ Country Properties.
Statistics per WPMLS 1/13/07-7/13/07
NATIONAL SURVEY: PRUDENTIAL RAND
MOVES UP IN RANKING OF LARGEST COMPANIES
Rand ranked 57th in the country based on sales volume
NEW CITY, N.Y. (May 5) – Prudential Rand Realty is now the industry’s 57th largest real estate
company based on sales volume, according to the 20th Annual Power Broker Survey published by RISMedia in this month’s edition of Real Estate magazine.
Despite a rather sluggish market, Prudential Rand moved up 14 spots in sales volume in 2007 when compared to the previous year’s survey. The company reported $1,740,732,400 in sales for 2007.
“While statistics show that inventory is higher than usual and sales are down in the current real estate market, we are still seeing buyer demand and our agents have been working diligently to ensure that we meet those buyers’ needs,” said Matt Rand, the firm’s managing partner. “As we maintain our No. 1 market share in Rockland and Orange counties and No. 3 in Westchester, we are consistently examining new ways to strengthen our presence, stimulate interest in the local housing market and remain a top-producing force in the Greater Hudson Valley.”
Prudential Rand operates 18 offices in the three-county area with six in Westchester, six in Rockland and six in Orange.
Prudential Rand Realty Inc., founded in 1984, is the largest real estate brokerage in the Greater Hudson Valley with 18 offices in Westchester, Rockland and Orange counties. Based on market share, Rand is the No. 1 real estate company in Rockland, No. 1 in Orange and No. 3 in Westchester. The company has more than 800 sales associates.
Jason L. Mehler's website is www.JASONLMEHLER.com
Jason L. Mehler, ABR, CBR
Licensed Associate Broker
Prudential Rand Realty
Rye, New York 10580 914-943-6450
Email: jason.mehler@prudentialrand.com
www.JASONLMEHLER.com
Posted by: Jason L. Mehler | May 18, 2008 at 12:36 AM