Rye Real Estate Update October 2007
Single Family Homes in Rye (week ending 10/05/07):
-On the market: 73
-In contract: 11
Shop Talk
One hundred eleven single family homes have sold in Rye in the past six months, compared to one hundred twenty four during the same time period last year. Thirty or 27% of the sales were under $1,000,000 with an average price of $812,943. In the $1,000,000+ category, there have been 81 sales, or approximately 73% of the total, with an average price of $2,156,340.
*Data per WPMLS 4/05/07 – 10/05/07. 10580 zip, RCSD & RNSD only
On the Market: A Great View for Less
Everyone knows we can get a sweeping view of the Sound from Milton Point for several million dollars, but there are other places, even in a compact town like Rye, where you can find a private view for under $1,000,000 (the median sales price in Rye City year to date is $1,512,500).
(PHOTO: A view of the Rye Golf Club from the author’s deck)
One of the best bargain streets in Rye is Soundview Avenue. A long narrow street off the Boston Post Road which cuts through Rye Golf Course, Soundview has an interesting mix of older modest homes and large newly renovated ones, most with sweeping views of the course. I have sold two homes under $800,000 on this street in the past couple of years, and I’m not aware of many places you can find a view like that in this price range in Rye. You have to be tolerant of the occasional golf ball in your backyard, though :).
For a little more money (remember the median home price), you can find golf course views on many streets in the Hix Park neighborhood of Oakland Beach Avenue. Although my home is not adjacent to the golf course, many of my neighbors on Eldredge are on the course (I can watch the golfers from my deck, however). You can receive backyard privacy from the woods of Rye Nature Center on parts of Hammond Road or Central Avenue.
And don’t automatically assume you can’t sneak a peek at the water without spending super big bucks: from the front steps of a 900 square foot beach cottage on Rye Beach Avenue and surrounding streets, you can gaze out to Rye Town Park and catch some views of the Long Island Sound. Look out over Milton Harbor and beyond from the co-ops at Milton Harbor House (recent sales in the $800,000s, see August article, Apartments in Rye), and you can catch a glimpse of tranquil Mead Pond from the apartments and townhouses on Pondview Road or single family homes on Sharon Lane or Marlene Court.
And if you miss out on the water and green space, you can move to the series of streets off Forest Avenue close to Playland Amusement Park and marvel at the fireworks and a view of the ferris wheel!
*median single family home price1/1/07-10/05/07 10580 RCSD & RNSD only.
Written by Judy Croughan, Licensed Real estate Agent, Coldwell Banker/ Country Properties.
