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Rosalie Kravitz's Blog

By Rosalie Kravitz | Agent in 10803
  • PELHAM NEW YORK MARKET SNAPSHOT by Rosalie Kravitz

    Posted Under: Market Conditions in Pelham  |  June 18, 2010 5:18 AM  |  527 views  |  No comments

    Pelham New York | On the Market: 90 1-Family Homes, 11 Multi-Family Homes, 9 Condos, 21 Co-ops, 27 Rentals, 4 Vacant Lots, 6 Commercial Properties (MLS Listings)
    Contracts Signed 1-Family Homes: 4 (2 Kravitz/DeSantis; 2 Other Brokerages)
    Expired Listings (did not sell or rent): 5 (0 Kravitz/DeSantis; 5 Other Brokerages)

    Noteworthy
    Congratulations to Georgette M. Pacia of Ann DeSantis Real Estate. This month, 5 Homes were sold through the MLS that were listed by Pelham brokers. Of these, Georgette's exclusive drew multiple bids and sold for the highest ratio of offered price to sale price: 99.80%.

    Felicidades a Carmen M. Chacon de los REALTORS® Kravitz, que alquiló una gran casa en Westchester a un cliente de traslado internacional.

    A Kravitz/DeSantis buyer signed contracts to purchase a bank-owned home in Pelham after the listing expired from the MLS.

    5 written offers were made for a Kravitz/DeSantis exclusive 3-Family investment property short sale in Dunwoodie that was listed June 1.

    Of 6 Commercial Properties on the market, 3 are Kravitz/DeSantis exclusives: A store & offices on Wolfs Ln & a gas station property at Shore Rd & Pelhamdale.

    14 Pelham Foreclosures (Judgment of Foreclosure or Lis Pendens) are online at Kravitz/DeSantis' http://www.pelham-realestate.com/ web site.

    Newsworthy
    Brokers Elaine Moshe, Peter Mastroianni, Rosalie Kravitz, and Lester Kravitz attended last week's 2-day national Real Estate Leadership Conference. Peter, Rosalie and Lester also attended Thursday night's Lucky Strike Social Media Club in Manhattan.

    Lester, President of the Guild of Independent Real Estate Professionals, a network of 20 leading offices in the region, said that real estate professionals are lobbying in DC to avert a tax credit crisis by extending the June 30 closing deadline.

    1,087,549 Facebook users saw our ad last week. 436 clicked through to www.facebook.com/WestchesterHomes
    MLS statistics as of 6/14/10

    KRAVITZ, REALTORS®, LTD. 914 738 7777 89 Wolfs Lane Pelham NY 10803
    E-mail Kravitz@WCMLS.com

    ANN DeSANTIS REAL ESTATE 914 738 1360 4550 Boston Post Road
    Pelham Manor NY 10803 E-mail AnnDeSantis@WCMLS.com

    Labels: Pelham New York NY Houses Homes Real Estate 10803 Pelham Manor

    Town of Pelham History

    Pelham is the oldest town in Westchester County. Thomas Pell signed a treaty in 1654 with the Siwanoy Indians to buy what is not only the Town of Pelham but is all of the borough of the Bronx and the land along Long Island Sound north to the Rye border and inland to the Bronx river. Pell named his manor "Pelham" in honor of his tutor, Pelham Burton.

    Community

    The community of the Town of Pelham is located in the south end of Westchester County, bordered by three (3) major cities, including New York City, Mt. Vernon, New Rochelle and the Long Island Sound.  The municipalities residing in the Town are the Village of Pelham, Village of Pelham Manor, and the Pelham Union Free School District #1.  Each Village and School has its own governing board and controls their operations.  In addition, the Villages are responsible for all of the properties within their domain.

    Each Village has retail shopping areas, inclusive of Professional Services, parking areas for resident, guests and other conveniences. The school organization accommodates Elementary (4), Middle & High Schools covering K-12 grades.

    The Town has many community groups, briefly defined under Community organizations shown on the following pages.

  • Sutton Manor- House for Rent

    Posted Under: Quality of Life in New Rochelle  |  June 15, 2010 4:25 PM  |  409 views  |  1 comment
    Sutton Manor with its private beach, dock and mooring are the backdrop for this Romantic Victorian Estate Home. Master suite w/ french doors leading to your own Covered Veranda w/fpl. Wonderful features for entertaining your most discerning friends and family include 3 Formal rooms with fireplaces, a Covered Grand Porch w/Columns featuring an open-hearth fireplace, private garden patio and a true Greenhouse with temperature control. Located 35 minutes from Midtown Manhattan via MetroNorth RR.

  • TAX CREDIT CLOSING DEADLINE LOOMS

    Posted Under: Market Conditions in New York  |  June 11, 2010 12:14 PM  |  362 views  |  3 comments
    Alexander E. Perriello III, president and chief executive officer of the Realogy Franchise Group, said real estate industry leaders are asking Congress to extend the June 30 closing deadline imposed by the Worker, Homeownership and Business Assistance Act of 2009.

    Under the Act, qualifying homebuyers who signed purchase contracts by April 30 are entitled to up to an $8,000 tax credit, provided they close their sales by June 30.

    But as the deadline looms, buyers are learning that their closings may be delayed because lenders have piles of unfinished paperwork due to a spike in April applications triggered both by the tax credit program and an unanticipated spring market-wide surge in contracts signed.

    "It's the 'pig going through the python' scenario," commented Perriello.

    Lester Kravitz, President of The Guild of Independent Real Estate Professionals, noted that many of the ontracts have escape clauses triggering on June 30. He said Congress must act now to avert a possible crisis for buyers and sellers and the market in general.

    Perriello spoke Wednesday at a national real estate industry leadership social media conference in Rye, New York organized by RISMedia.
  • THE KEYS

    Posted Under: Home Buying in Pelham  |  May 14, 2010 8:16 AM  |  450 views  |  No comments

    What worked two years ago doesn't work today. Buying a new or replacement home, pricing and selling a home and getting financing all have changed because of changes in lending and appraising and the impact on the market of bank-owned and short-sale properties,
    THE KEYS call 914-738-7777
 
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