Posts Tagged Dutchess Real estate


Following a Brand Trail in Northern Dutchess County

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As a marketing director and designer, I have always had an interest in packaging, promotion and branding. My sister spent a few days with me during my recent vacation. We decided to take a road trip through Northern Dutchess County to visit some popular destinations that I consider well thought out in terms of brand recognition. Our first stop brought us to Hammertown Barn,Hammertown Barn CU Following a Brand Trail in Northern Dutchess County located in Pine Plains. Like Houlihan Lawrence, Hammertown Barn is family run and family owned. From their website I learned that it all started 25 years ago as a little shop in an old horse barn. Owner, Joan Osofsky, had a vision to bring a “modern country” sensibility to this northeast corner of the Hudson Valley. Their slogan “Love where you live” resonates with customers as they explore the gifts, furnishings and products “selected with standards of design, purpose, style and most important — comfort.” According to their website, “This is what has made Hammertown an award winning “lifestyle store”- selected as one of the Top 100 Stores in the country by Cottage Living Magazine and named one of House Beautiful’s favorite shops in America.” It’s certainly one of mine.

Continuing along our journey, we made Harney & Sons Tea Company Harney teapot Following a Brand Trail in Northern Dutchess Countythe second stop of the day. I was recently introduced to Harney and Sons Teas at an event held in June for Houlihan Lawrence Agents at the Westchester Marriot. Thoroughbred Title Services Thoroughbred Title box Following a Brand Trail in Northern Dutchess Countyprovided exquisite tins of iced teas packaged in rich brown Harney and Sons shopping bags. In the tea-making business for over 25 years, Harney & Sons offers free tea tastings daily. When you enter the store and tasting room in Millerton, NY, there are walls of shelves displaying different teas from all over the world and a bar, where daily samples are served. We tasted the “tea of the moment”, Earl Grey Supreme. Shop here for teas, accessories, books and teatime treats. There is also lunchroom with sandwiches, salads, hot entrees and weekend specials. Open for Lunch Monday – Saturday 11a – 4p, Sunday 12p – 3p. Definitely worth a visit and their tea is great too!

Heading South on Route 22, we arrived at Cascade Mt. Winery, Cascade sepia2 150x150 Following a Brand Trail in Northern Dutchess Countyonly to find that it was closed. Since we were unable to visit, I went to their website for a bit of information and history: Cascade Mountain was founded in the spring of 1972 by the Wetmore family who pioneered the production of premium table wines on the eastern side of the Hudson River. Bill, a former Novelist, along with his wife Margaret and their three children Charles, Michael, and Joan, planted the vineyard in 1972 and built the winery in 1977. Today, Cascade Mountain features a full line of award-winning table wines at its Wine and Tapas Bar and Art Gallery. Customers come from all over the world to enjoy a few pleasant hours on top of the Berkshire foothills sampling the wines and picnic lunches. Tasting & picnics are held indoors or out on Weekends 11a-5p and other days by appointment.

With the aid of a GPS, we found our way onto Rte. 44 and headed west to find Millbrook Winery and Vineyard, Millbrook wines Following a Brand Trail in Northern Dutchess Countyat 26 Wing Road at the top of a long driveway. On the Dutchess Wine Trail, this winery is open 12p-5p seven days a week so we were able to sample a wine tasting and tour. We sampled 6 wines, their Villa Pillo extra virgin olive oil and wine crackers while learning about the owner of the vineyard. John S. Dyson is a pioneer in the global wine industry, an innovator in site-specific planting, and extensive vineyard research. Millbrook Vineyards & Winery belongs to Pebble Ridge Vineyards & Wine Estates, a wine group John and Kathe Dyson created that is devoted to producing the very finest wines of their particular growing regions. We also learned about the grapes used to make the wines we sampled. I especially liked the hunt country rose´, and purchased a bottle to enjoy later. The quality of the wine is enhanced by consistent and elegant labeling.

Just West of the Taconic Parkway is Clinton Vineyards, Clinton Vineyards Logo Green4 Following a Brand Trail in Northern Dutchess Countya vineyard that specializes in white wines and champagnes.  Unfortunately the winery is open to the public later in the week so we were unable take a tour. From the website I learned that proprietors Phyllis and Ben Feder have created a warm and welcoming atmosphere and are on hand to greet you as you walk through the vineyard and around the property. Available for viewing is the wine making facility housed in a historic Dutch barn, the champagne cellar, the charming tasting room for sampling the wines and retail. They also sell their wines at the Rhinebeck Farmers Market Rhinebeck Farmers Market small8 Following a Brand Trail in Northern Dutchess Countyon Sundays, May through October.

We ended our trip in Rhinebeck and had a late lunch at Gigi Trattoria, gigi hvlogo Following a Brand Trail in Northern Dutchess Countywhere we sat outdoors and enjoyed the warm weather. My sister had the classic Caesar salad with grilled chicken and I ordered the Gigi Barbina salad. Owner Laura Pensiero includes the recipe for this dish in her book ”Hudson Valley Mediterranean: The Gigi Good Food Cookbook”. This restaurant not only provides great meals but also gets involved in the local community. Gigi menus support local farms by incorporating the freshest Hudson Valley produce into their innovative, artfully crafted dishes.

What do these diverse business models have in common? Like Houlihan Lawrence, White horse alone Following a Brand Trail in Northern Dutchess Countythe area’s market real estate leader, they’ve established their brands with a passion for what they do, growing their reputations by creating a unique customer experience, exceeding expectations by incorporating the highest quality standards and understanding their commitment to local communities while providing services to an international audience.

Houlihan Lawrence Hosts Agent Networking Event

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SMeyers CEO R1 224x300 Houlihan Lawrence Hosts Agent Networking Event

Stephen Meyers, President and CEO, Houlihan Lawrence

Connect. Innovate. Lead. That was the theme of Houlihan Lawrence’s recent real estate event held at The Westchester Marriot in Tarrytown on the afternoon of June 14th.

Approximately 600 Houlihan Lawrence agents from Westchester, Putnam and Dutchess Counties gathered to network, as well as share ideas and information with each other. In addition to Realtors, there were many vendors whose presence provided an additional layer of interest by offering information about their products and services.

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A variety of businesses attended the June 14th networking event

Opening remarks in the grand ballroom were made by CEO, Stephen Meyers immediately followed by COO, Chris Meyers, who addressed the audience with a presentation featuring the Top Ten reasons Houlihan Lawrence was unique and special. Not surprising was the number one reason cited for making Houlihan Lawrence the area’s market leader – OUR AGENTS. Our agents dominate the rankings of top agents by production, they’re pillars of their communities and one could argue they’re the most connected agents in the Region.

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One of several workshop sessions held during the event

Participants were then invited to attend educational workshops designed to help them learn, utilize, share, preview and take advantage of new tools, techniques and strategies to better promote themselves and their clients’ homes in today’s real estate marketplace.

With a 1:40 pm start, the workshops ended promptly at 4:00 pm, allowing for further networking at the cocktail party. Not to be missed, the party offered everyone a chance to relax, socialize and recap the day’s events while enjoying the passed hors d’oeuvres, a wide variety of tasty treats and beverages. Numerous prizes, donated by our vendor partners, were raffled off towards the end of the afternoon. Lucky winners took home a variety of gift certificates and gift baskets. The grand prizes were three IPad2 tablets, provided by Thoroughbred Title, Thoroughbred Mortgage and Houlihan Lawrence.

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Agents enjoyed a chance to socialize and network with each other at the cocktail party that followed the workshop sessions

Houlihan Lawrence March 2011 Market Report

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With the onset of Spring, Westchester County’s number of homes for sale in March experienced a 16% increase compared to February, 2011. The number of homes sold has also increased 16%, when compared to last month, indicating positive momentum in the market.

In the past 12 months, the median sales price in Westchester County has increased by 5.9% to $625,000 and the number of homes sold has increased by 7.9%, pointing to a more robust market when compared to the prior 12 months.

The number of homes sold in Dutchess County in March is up 40% from February and 10% from March 2010. Putnam County saw an increase of nearly double the numbers of homes sold in March versus February.

To see the market data for your town go to www.houlihanlawrence.com and access our Monthly Market Reports.

March2011 Houlihan Lawrence March 2011 Market Report

Realtor News from Washington DC

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capital 150x150 Realtor News from Washington DCHaving just returned from attending the National Association of Realtors® (NAR) Mid-Year meetings in Washington DC., I wanted to share some of the highlights of the meetings with you. There were over 8,000 Realtors® that descended upon our Nation’s Capital throughout the week.

I arrived Thursday morning and attended the Large Firm Directors meeting right after lunch. As an aside, did you know that if a waiter breaks an entire glass of water on you and covers you with shards of glass and water, you’ll likely get a free lunch? So yes, I made it to the meeting, albeit a little soggy. While the economic updates are always interesting, the presentation by Dale Ross on RPR (Realtors Property Resource) was pretty fascinating. RPR will serve as an online real estate archive that will provide Realtors® with data on every property and land parcel in the U.S. According to Ross, though RPR is currently being tested in about 12 markets around the Country, a full roll-out may take up to five years.

realtor u Realtor News from Washington DCSaturday morning I attended the NAR Board of Director’s meeting. The most interesting new initiative presented there was Realtor® University. It’s the association’s answer for raising the bar in our industry. If you are on Twitter, you know that there has been a lot of discussion on this topic in the last 6 months. Realtor® University will be a fully accredited institution that will grant degrees in our field, though accreditation may take 2-3 years. The curriculum will be online, and in addition to master’s degrees, Realtor University will eventually offer internship and job-placement programs. The premise all sounds great, so I guess we’ll see what NAR does with it. I just hope the classes will be more challenging than some of the online license renewal classes I’ve taken over the years. That will be the only way this will truly raise the bar in our profession.

All in all it was a great couple of days – packed with informative meetings and networking with great people. Now I’m looking forward to implementing new ideas in the Westchester, Putnam and Dutchess real estate marketplace.

Open the Door to Great Values This Sunday

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This coming Sunday, September 13th, Houlihan Lawrence brokerages throughout the region are hosting our annual  Autumn  Open House Tour.

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Sarosca Manor, Purchase

 

An effortless way to see a wide selection of homes  in varying price ranges and locales throughout Westchester, Putnam and Dutchess counties, the tour will feature many “Just Reduced”  listings - a great way to discover some of the best values around.

 

Visit www.houlihanlawrence.com for a complete list of Open House listings.

 

Quarries, Quarries Everywhere!

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While many people are attracted to our region for its natural beauty,  many don’t realize that some of our area’s crystalline lakes were actually active quarries in the first half of the 20th century.

Now filled with water, these “retired” quarries offer some of the most dramatic scenery around – offering a ruggedly beautiful landscape that is more expected in the Adirondacks than in such close proximity to Manhattan.

By happy chance, two of these spectacular properties are available right now.

In Dutchess County, eighty-acre Clearwater Farm in Wingdale sits on a private 10-acre lake, a former marble quarry that dates back to the 1800s. For details and more photos visit the website. Click below for a Video Tour.

Sitting on the edge of a former rose quartz quarry in Westchester County, Quarry Lake in Bedford celebrates nature with a striking modernist home that showcases the remarkable surroundings. For more information and additional photos of Quarry Lake visit HoulihanLawrence.com

Are We At The “Bottom” ?

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Let’s suppose you are heavily invested in the stock market and your entire portfolio consists of thousands of shares in the stock of just one company

Now, imagine that the only information available to you about the value of your stock is the level of the Dow Jones Industrial Average.  That’s essentially the position we find ourselves in when it comes to valuing the investment in our homes. 

 The release of the Case-Schiller Price Index for May spurred a lot of discussion that the national housing downturn may be nearing “the bottom.” The New York Times writes that “Recovery Signs in Housing Market Stir Some Hope”. This is welcome news, of course, especially since housing woes are inextricably linked to the global recession that began in early 2008.  However, the only housing data point that really matters for most of us is the value of our own home.  While the national and major metropolitan statistics are indicative of broad trends that ultimately affect the value of all homes, they actually tell us very little about what our home is worth right now.

So that leaves the obvious question:  has our local housing market found a bottom? 

The short answer is not a very satisfying one:  it depends.  If we define the bottom in terms of the number of homes selling – or the liquidity of your real estate investment – the worst is probably behind us.  Between the first quarter of 2007 and the first quarter of 2009, sales of residential real estate in Westchester, Putnam, and Dutchess Counties dropped by more than 50%, to levels not seen since the late 1980s.  In the second quarter of 2009, the combination of lower home prices, tax incentives for entry-level homebuyers, and relative economic stability gave us a bounce in home sales, especially for homes priced at or below $750,000 in Westchester and $300,000 in Putnam and Dutchess.  The Poughkeepsie Journal recently reported on this trend. 

The price correction at the low end of our market began more than 2 years ago, when subprime lending dried up and the market was limited to buyers who could reasonably afford the homes they were purchasing.  As of today, the balance between supply and demand, which I discussed previously, would suggest that prices at the low end of the market should begin stabilizing near current levels in the second half of 2009. 

The high-end of our market (over $2 Million in Westchester; and over $800,000 in Putnam and Dutchess) did not begin to feel the effects of the housing downturn until about 1 year ago.  That’s when the credit crisis began to take its toll on the earnings of the broader Wall Street community, who generally set the tone for the high-end housing market in this area.  Our observations on this market are consistent with a recent report in the Wall Street Journal – the high end of the housing market probably has some catching up to do with the low end in terms of price correction.

Timing the real estate market is almost impossible, especially since real-time data is so hard to come by.  It is often said that by the time we can say definitively we have reached a market bottom, it will already have passed.