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chappaqua: How the Chappaqua Condo Market Demonstrates That All Real Estate is Local - 01/31/12 11:30 PM
For the third time in the past 4 weeks, I have been contacted by a buyer who chose to call me directly instead of having their agent call me because their offer was not accepted. In each case, I have told the agent-and the buyer when they called- that I'd be happy to know what comparable sale they used to justify their price. In each case, I have heard the same thing in lieu of any other fact: It is a buyer's market.
This is what I wrote earlier this week on the "buyer's market:"
 the "buyer's market" phrase was thrown … (27 comments)

chappaqua: Chappaqua Real Estate Market, 2nd Quarter 2011 - 07/03/11 11:48 PM
This is the market report for Chappaqua, NY for the 2nd quarter of 2011. It covers single family homes in the Chappaqua from April 1, 2011 to June 30, 2011. All data is from the Empire Access MLS. 
In the 2nd quarter  of 2011, Chappaqua had 35 closings at a median sale price of $745,000.
In the 2nd quarter  of 2010, Chappaqua had 37 closings at a median sale price of $773,000.
Volume and prices are quite steady compared to the same time period last year. They are down just a little bit, but they remain steady.   
There are 42 homes currently under contract at a median … (4 comments)

chappaqua: Chappaqua Real Estate Market First Quarter 2011 - 04/02/11 08:38 PM

This is the market report for single family homes sold in the Chappaqua school district for the first quarter of 2011. All information is sourced fom the Empire Access Multiple Listing Service. 
In the first quarter of 2011, there were 15 closings with a median sale price of $946,500. 
In the first quarter of 2010, there were 17 closings with a median sale price of $900,000. 
I would characterize this as about even with last year. Median price is certainly up, but we're two sales behind. Chappaqua is stable, which is not surprising for such a nice place. 
21 homes … (1 comments)

chappaqua: New Listing! Chappaqua Short Sale! - 02/06/11 11:58 PM
We have just listed a very rare short sale in Chappaqua, NY. It is a 2 bedroom, 2 bath townhome in Old Farm Lake with a fireplace, formal dining room, hardwood floors, sliding doors to deck, and a renovated granite kitchen. It has a great master bedroom with a walk in closet and master bath. It is over 1700 square feet and in excellent condition. Complex amenities include a pool, clubhouse, and tennis courts.
The price is $399,900 and it will go fast! Call me for a tour. 
 
 

(4 comments)

chappaqua: Chappaqua Real Estate Market August 2010 - 09/12/10 08:20 PM
Chappaqua is a beautiful hamlet located in the town of New Castle in north central Westchester County. It is known, nominally, as the adopted home of the Clintons and Reader's Digest, and for being a idyllic, bucolic setting. New Castle abuts the Town of Ossining, and it is time to give the place a little more ink. 
Vanessa Williams is a product of Chappaqua schools, and hails from nearby Millwood. (Ms. Williams, by the way, is THE most talented creature to ever wear the crown of Miss America, and is an extremely nice lady. She still lives in the area as … (3 comments)

 
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J Philip Faranda, Broker-Owner

Briarcliff Manor, NY

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J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

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Phil Faranda is broker and owner of J. Philip Real Estate LLC in Briarcliff Manor, NY. Since founding the firm as a sole practitioner in late 2005, the team has grown to over 20 agents and closed 300 transactions valued at $125 million. He is in his 3rd term as Vice President of the HGMLS. This blog commentary is geared toward consumers and industry colleagues alike. You can reach him at (914) 723-8900.
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