Rye Real Estate Update July 2009 – Rye Sidewalk Sale on Purchase Street
On the Market: 116
In Contract: 34 (15 awaiting mortgage commitment, 14 Pending)
Thirty nine single family homes have sold in Rye in the past six months, compared to 73 during the same time period last year (and 92 homes in 2007 same time frame). Although June was a busy month for local real estate, and encouragingly, the 34 homes in contract represent a 100% increase from the 17 in our April 2009 Update, the sales posted so far are still off as may be expected in this recessionary environment. Nationally, pending homes increased for the fourth straight month and we are certainly in line with that. Of the thirty-nine Rye homes that sold over the past six months, 13 or roughly 33% were under $1,000,000 for an average price of $717,462, and 26 or approximately 67% were over $1,000,000 for an average price of $1,962,642.
*Information per WPMLS 7/6/09, zip 10580, RCSD & RNSD only.
Rye's Annual Sidewalk Sale offers up to 75% off Savings
The Rye Merchant's Association is sponsoring its annual Sidewalk Sale on Purchase Street Thursday, July 25th- Saturday July 27th. Like many others, I have been making cautious purchases this year, but I was able to pick up some great bargains on quality merchandise at two of my favorite area stores, Sportech and Dusty Rose, at the Rye Ridge Shopping Center Sidewalk Sale a couple of weeks ago and would expect the same on Purchase St. for the upcoming July sale.
It is encouraging to see some of the newer stores on Purchase Street doing well. I bought my new favorite pair of jeans – a very high end pair that I bought for only $50 – at the new consignment shop, Rhythm in Rye Too, at 85 Purchase St. and I'm a big fan of Andy's Pure Food at 46 Purchase St. One stop at the "salad bar" at this vegan food establishment and you'll have energy all afternoon. I think we were all happy to see Le Pain Quotidien open up in the vacant space formerly occupied by the Gap (still can't believe that is gone!). Business is steady, according to the servers, and the comfy atmosphere makes it a great place to meet a friend for coffee or lunch. Like at Ruby's Oyster Bar down the street, the communal table is a hit. My only complaint – my latte was .65 more than the same size at Starbucks- and I thought that was expensive!
Don't forget also that every Sunday from 8:30 a.m. to 2:00 p.m. until November 22nd, the Rye Farmer's Market sets up in the parking lot behind the Purchase St stores rain or shine. Also sponsored by the Rye Merchant's Association and the City of Rye, this is a great place to pick up not only fresh fruits and vegetables, but baked goods, hand made soaps, wine and more.
Please support our local merchants: every time I purchase a book from Patrick Corcoran at Arcade Books, a gift from Catherine Parker at Parker's or gourmet take out food from Chris Colacucci at Rye Country Store, just to name a few, I am reminded of how special it is to live here and not sifting through a bunch of chain stores (or more banks!).
July 2009 Market Update and Article written by Judy Croughan, Licensed Realtor, Coldwell Banker Rye.
Um, Le Pain Quotidien IS a chain store…
I’M CURIOUS, How is letting a Farmers Market operate in a Parking Lot where parking spaces are @ a premium and selling goods that are sold in the stores that are struggling to survive on Purchase St. a good idea???
Pretty pathetic to say the least!!
Why don’t you do a survey of all the store owners on Purchase St. and publish their opinions on this???
Go Rye Merchants – I for one try to keep my spending local.
Did you see His Dishonor and his crony boy lawyer in action on TV last night? So many lies and obfuscations. This from an “experienced politician?”
I am not sure that sectioning off a portion of the parking lot from 8:30-2:00 on summer Sunday mornings has a significant impact on Purchase St. shopping- many of the stores are closed during that time! There may be readers who are not aware there is a Farmer’s Market…And although we may prefer locally owned businesses, many people I talk to ARE happy to see an active business instead of the vacant space left by the Gap, whether it is a franchise or not.
I hope most readers out there can understand that I would have more respect for your comments if you were posting under your own name as I am and not an alias…
I wonder what the other merchants like Crisfields, the Country Store, the Wine stores, June & Ho’s, Playland Market and the Post Road Market think about the Farmers Market.
The Farmers Market doesn’t pay rent or taxes like our merchants do and parking is free on Sundays for their customers.
Shoppers may put off going into town on Saturday because of the parking problems and the fees and the Farmers Market may have less expensive goods because they don’t pay rent and taxes like our merchants are struggling to do.
Did Stevie Blunder come up with this arrangement?
Why has Catherine Parker disappeared with regard to merchant and parking issues except that she did speak out that she wanted the Rye restaurant patrons to pay for parking at night because her customers pay for parking during the day.
I wonder what the other merchants like Crisfields, the Country Store, the Wine stores, June & Ho’s, Playland Market and the Post Road Market think about the Farmers Market.
The Farmers Market doesn’t pay rent or taxes like our merchants do and parking is free on Sundays for their customers.
Shoppers may put off going into town on Saturday because of the parking problems and the fees and the Farmers Market may have less expensive goods because they don’t pay rent and taxes like our merchants are struggling to do.
Did Stevie Blunder come up with this arrangement?
Why has Catherine Parker disappeared with regard to merchant and parking issues except that she did speak out that she wanted the Rye restaurant patrons to pay for parking at night because her customers pay for parking during the day.
Otis & Parker care about the merchants –
Please tell me this isn’t true – the farmers market pays nothing for that space? Nothing to offset the business that comes out of the cash registers of local taxpaying merchants selling “like goods?”
I don’t believe a deal like that could be cut in this day, age and economy. Fact check on isle 1 please.
Workers of The World Unite!
But seriously folks, this is a string about real estate and supporting our local merchants. So I ask again – what is the remuneration paid for allowing the farmers market to set up in a paid parking site in the central business district selling certain products that are directly competitive to local merchants who pay direct and/or indirect taxes to the city?
There are virtually NO stores that operate when the Farmers Market is open. Please. Do you people have so little going on in your lives you need to lambaste these poor victims that volunteer to run our town?
You should all join up with Tartaglione for he can educate you all on issues with NO merit. Perhaps tedc can be a walking cucumber and NYNSNC a tax bill so you can further humiliate out town.
Henn Pecked,
How about waiting till Sunday to get a better deal rather than spending your money on Saturday in the stores of the struggling Biz owners.
I hear you NDEED.
I spend plenty on locals, all stores, restaurants, taverns–
Farmers Market is not taking anything away-please. Totally a different animal. I have only been twice and it is NOT hurting June/Ho etc. All are closed and the crowd really are not locals that would pay June/Ho Rye Country Store’s prices anyway for like products.
Actually if you want to discourage it(Farmers Market) send over Floatie.
Here we go again. First it was too many chain stores, then not enough parking, then it was too many banks, then the city didn’t spend enough on the streets and sidewalks downtown to bring in customers. What’s next, a penalty tax if you’re caught buying food at Costco?
Fact is, there’s plenty of successful businesses downtown, and they’re successful because they work their asses off to bring something to the market that people are willing to buy. Retail is an extremely difficult business, and has been hit severely by web sales, big box stores and now a recession.
TedC, the farmer’s market was proposed by the retailers themselves as a way to cement the downtown area as a place to go to buy food and goods. The merchants WANT the vendors there, because it gets them in the vicinity of some of the stores that are open on Sunday, and hopefully they’ll buy something else. Call it co-location, sector clustering, symibiotic concentration – whatever. This is the reason why downtowns, markets, exchanges, bazaars and guilds exist, and why stores aren’t run out of residential neighborhoods.
One other thing – if we tax the farmer’s market, either the prices will go up, or the market will go elsewhere, giving you something else to complain about. Let ’em be.
Right on Scooter
If it was proposed by the retailers themselves then how could anyone complain? Thanks.
Because it’s Crye. The Town Council meeting the other night brought crye-ing to a new all-time high. My God, do these people have any pride?
Does Bob Schubert know the difference between rights and laws? It was extremely interesting that Bob never mentioned rights at the Council meeting. He said he was fighting in Japan over LAWS. Well, does that mean he was fighting for the law that the blacks sit in the back of the bus? That was the LAW back then. how could he confuse such simple stuff? Laws could be unconstitutional. It’s the simple RIGHTS that make this country great.
I noticed Joe “Special” Sack has now abandoned his Special Investigation cause and is now leaning towards bringing in the Special Forces to do a Dye test in the Gates drywell. I also got a kick out of his convienient forgetfullness that there is no legal way to obtain access to the Gates property. Does Joe have Alzhiemers? He seemed to forget everything that was discussed at the last meeting only a month ago.
ANyone notice how uncomfortable Joe “Not on my sidewalk you don’t” Sack can’t delegate responsiblity to the Planning Commission to do the right thing? Does Joe have some control issues? Why doesn’t he trust Christian Miller to do the right thing? Is Joe “Not on my sidewalk you don’t” Sack want total control of Rye?
Dining on sidewalks is just a welcome mat for disaster…. and one day it will strike Rye once again! By all means let’s dine on the narrow & dangerous sidewalks of Purchase Street for the sake of the ALL MIGHTY $$$$$!!!! Maybe if we put someone with both BALLS & BRAINS in charge we might have a shot!!!
WOW WHAT A GREAT NEIGHBOR!
GET AWAY WITH DOING SOMETHING ILLEGAL AND TELL YOUR NEIGHBOR “I HAVE RIGHTS”!!!
THE GATES SHOULD SIT RIGHT NEXT TO OTIS AND THE REST OF HIS $3 BILLS ON WEDNESDAY NIGHTS!!!
“Dining on sidewalks is just a welcome mat for disaster”
Typical Crye.
Do you people have any sense at all?
What’s wrong with dining on the sidewalks?
It’s done in mamaroneck and white plains to mention just 2. People love it and it will keep business in Rye.
I’m all for it.
First of all ladies our sidewalks are not wide enough. Second of all we will see who’s “crye-ng” when one of the many maniac drivers in Rye wipe out a row of diners!
Purchase Street is a far CRYE from the sidewalks/streets of Mam. & W.P.
Could hardly wait to see how our fearless leaders Connors/Falk & their employees handle this mess!!!
Off the latest “hot topic”, but how about a mention on the passing of Rye Fire Chief John Wickham, who passed away after a battle with cancer.
Chief Wickham dedicated this entire life to public safety beginning as a White Plains Police Officer, moving over to the Rye Fire Department and serving 25+ years as a member of the professional staff. After his retirement John served as a chief of the Rye Volunteer Fire Department. You would think his untimely passing and his duty and dedication to all the citizen’s of Rye would of been mentioned by the blog masters.
Well, all I can say is R.I.P. John, and thank you for all your years of dedicated service to the public. My prayers go to your family.
Off the latest “hot topic”, but how about a mention on the passing of Rye Fire Chief John Wickham, who passed away after a battle with cancer.
Chief Wickham dedicated this entire life to public safety beginning as a White Plains Police Officer, moving over to the Rye Fire Department and serving 25+ years as a member of the professional staff. After his retirement John served as a chief of the Rye Volunteer Fire Department. You would think his untimely passing and his duty and dedication to all the citizen’s of Rye would of been mentioned by the blog masters.
Well, all I can say is R.I.P. John, and thank you for all your years of dedicated service to the public. My prayers go to your family.
Pretty sad that things like this are not posted as an article on the main page!!! Mr.Wickham as I know him was a great guy, a great husband, a great father, an honest & dedicated public servant.
I guess articles on the Farmers Market, SideWalk Sales, Hen Island,Elections, etc. ARE FAR MORE IMPORTANT THAN LIFE AND DEATH!!!
The Wickham family should of held the services @ the Wainwright House.
Then for sure a mention would of made it to the front page.