August Real Estate Forecast: Still Hot in Rye

Special promotional content provided by Meg Allen Rodriguez of Berkshire Hathaway HomeServices in Rye

By Meg Allen Rodriguez of Berkshire Hathaway HomeServices

It’s a month into the third quarter and home buyers and sellers want to know if the market is cooling. Interest rates have gone up since the first quarter of 2022, making it more expensive to finance a home. And with two consecutive quarters of lower GDP, some believe we are in a recession. 

But you might not know that looking at the real estate market in Rye. 

• Prices Are Up. The July numbers for single family homes in the City of Rye show the median sales price year over year up 3.36% to $2,590,500 from $2,363,000 in 2021.
• Sales are Quick. In July, average days on market trended down 30% to just 21 days from 30 days in 2021.
• Inventory is Limited. With only 18 new single family home listings in the entire City (there are 3,713 single family homes in Rye City) coming on the market in July, accurately priced homes continue to see multiple offers, sell quickly, and sell over asking.
• Buyers are Ready to Pounce. Buyers are educated and are responding quickly to well priced homes.

Here are the Single Family Home sales for July in the City of Rye (shown from highest sale price to lowest):

• 50 Hillside Road
  • Listed: $4,395,000
  • Sold: $4,075,000 
  • Days on market: 40
  • Seller: Jane Cooney / Buyer: David & Lindsay Giancola
• 2 Greenleaf Street
  • Listed: $3,995,000
  • Sold:$3,995,000
  • Days on market: 5
  • Seller: James & Teresa Cich / Buyer: not available
• 390 Park Avenue
  • Listed:$3,195,000
  • Sold: $3,605,000
  • Days on market: 4
  • Seller: Sarah Voller / Buyer: not available
• 40 Lake Road
  • Listed: $3,295,000
  • Sold: $3,513,000
  • Days on market: 9
  • Seller: David & Susan King/ Buyer: Goncalo & Cristen Abecasis
• 45 Harbor Terrace Drive
  • Listed: $2,895,000
  • Sold: $3,300,000
  • Days on market: 1  
  • Seller: David & Doreen Zion / Buyer: Kevin & Elizabeth Wildes
• 80 Hewlett Avenue
  • Listed: $2,550,000
  • Sold: $3,100,000
  • Days on market: 4
  • Seller: Geoffrey and Anne Teillon / Buyer: Christophe & Estelle Montane

• 30 Wainwright Street
  • Listed: $2,495,000
  • Sold: $2,985,000
  • Days on market: 3
  • Seller: Bernard Yuen / Buyer: Aaron Plante and Gabrielle Levine

• 20 Wainwright Street
  • Listed: $2,395,000
  • Sold: $2,800,000
  • Days on market: 9
  • Seller: Shannon & James McGovern /Buyer: Fleckten Family Trust
• 65 North Street
  • Listed: $2,650,000
  • Sold: $2,756,000
  • Days on market: 13
  • Seller: Alberto Brizio / Buyer: Charles & Brooke Murphy
• 24 Walnut Street
  • Listed: $2,695,000
  • Sold: $2,700,000
  • Days on market: 1
  • Seller: Patrik & Tracy Jakobson / Buyer: Milan & Kyla Parekh
• 93 Oakland Beach Avenue
  • Listed: $2,095,000
  • Sold: $2,481,000
  • Days on market: 6
  • Seller: James Lin / Buyer: Maria Sacchetti
• 93 Greenhaven Road
  • Listed: $2,395,000
  • Sold: $2,300,000
  • Days on market: 14
  • Seller: Francesca & Erich Clementi / Buyer: not available
• 8 Preston Street
  • Listed: $1,885,000
  • Sold: $2,225,000
  • Days on market: 3
  • Seller: Dawn & Jonathan Kraut / Buyer: Mark & Mimi Brouilette
• 345 Grace Church Street
  • Listed: $1,895,000
  • Sold: $2,000,000
  • Days on market: 8
  • Seller: Rebecca Troutman / Buyer: Caroline & William Stewart
• 59 Florence Avenue
  • Listed: $1,799,000
  • Sold: $1,901,000
  • Days on market: 16
  • Seller: Brooke & Charles Murphy / Buyer: Michael & Kelly Apostolides
• 92 Midland Avenue
  • Listed: $1,595,000
  • Sold: $1,725,000
  • Days on market: 7
  • Seller: Paul Shainberg / Buyer: Tibor & Manon Bartels
• 34 Mead Place
  • Listed: $1,595,000
  • Sold: $1,595,000
  • Days on market: 22
  • Seller: Kenneth & Sarah Handy / Buyer: not available
• 58 Intervale Place
  • Listed: $1,299,000
  • Sold: $1,585,000
  • Days on market: 4
  • Seller: Edward & Kate McGough / Buyer: Matthew Schibanoff & Rachel Abramovitz
• 47 Harding Drive
  • Listed: $1,550,000
  • Sold: $1,540,000
  • Days on market 23
  • Seller: 47 Harding Drive LLC / Buyer: Kenneth & Michelle Beil
• 42 Davis Avenue
  • Listed: $1,375,000
  • Sold: $1,385,000
  • Days on market: 11
  • Seller: George & Louise Bryant / Buyer: 42 Davis LLC
• 114 Sonn Drive
  • Listed: $1,299,000
  • Sold: $1,360,000
  • Days on market: 9
  • Seller: Peter & Elizabeth Evans / Buyer: not available
• 78 Wappanocca Avenue
  • Listed: $1,200,000
  • Sold: $1,281,000
  • Days on market: 20
  • Seller: Richard Bianchi / Buyer: Ido Morchaim & Elana Kaye
• 8 Adelaide Street
  • Listed: $1,200,000
  • Sold: $1,250,000
  • Days on market: 19
  • Seller: Richard & Sandra Weinstein / Buyer: Jason Anderson & Taryn Webb
• 343 Purchase Street
  • Listed: $1,095,000
  • Sold: $1,085,000
  • Days on market: 18
  • Seller: Sydney Bellinger / Buyer: not available
• 33 Mohawk Street
  • Listed: $1,375,000
  • Sold: $1,250,000
  • Days on market: 30
  • Seller: Anne & Timothy Douglas / Buyer: Jeremy & Christine Chase

Meg Allen Rodriguez is a licensed real estate salesperson with Berkshire Hathaway HomeServices in Rye. Long-time supporter of arts, healthcare, and environmental non-profits in Rye and across Westchester, Meg has lived in the Sound Shore area since 2003 raising her family in the Rye City School District and is a competitive rower.