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Home Real Estate Rye Real Estate Update June 2009 - Rye Community Comes Together to...

Rye Real Estate Update June 2009 – Rye Community Comes Together to Address Job Challenges

Shop Talk:

On the Market:  123

In Contract:  31

17 Conditional Contract (awaiting mortgage commitment), 16 Pending

The big news on the Rye Real Estate market, in my opinion, is the upsurge is consummated agreements. More homes in Rye have signed contracts this past month than in several months prior. Buyers are looking, and are willing to take the plunge if the sellers are willing to accept more realistic prices. Half as many single family homes sold in the first six months of 2009 in Rye City as during the same time period of 2008 (30 vs. 60) but with this recent uptick in activity, that may start to change. A particularly encouraging note is that quite a few of these homes have list prices north of the $2,000,000 mark, and there have been several competitive bidding situations, again a turnaround from recent months.

*Information per WPMLS 12/10/08-6/10/09 compared with previous period 2008, RCSD & RNSD only, zip 10580.

Rye & Sound Shore Community Come Together through a series of "Lives In Transitions" Seminars

One of the most significant factors affecting the real estate market – locally and nationally – is obviously the rising unemployment rate. Many are losing their jobs, dealing with considerable downsizing or taking on additional responsibilities in their current positions, in some cases prompting some stay at home parents to reconsider a return to the work force, not to mention newly minted college grads saddled with loans struggling to find their first job during the recession. A group of local business professionals from the greater Rye community have generously come together to address all of these issues during a series of no cost seminars on a series of Thursday nights in Rye. 

The LIVES IN TRANSITIONS team describe themselves as "an effort spearheaded by business professionals to bring members of the Rye/Sound Shore Community together to meet the challenges these times offer. We are executives and entrepreneurs with expertise in such areas as finance, human resources, coaching, sales, technology,and marketing", according to the Rye Presbyterian Church, where the seminars are being held.

I am so impressed with this collaborative effort and recently spoke with Rye resident David Severance, President of the Executive Coaching firm Advanced Development Services, after the initial seminar held at the Church assembly room on May 28th. The expected enrollment of 40 blossomed to group of 70+ from as far away as New Jersey! The idea is to ultimately break out into a series of smaller more focused groups that will appropriately address the all of the varied concerns of the group as a whole. If you know of anyone who could benefit from these informational seminars, please spread the word!

  • Thursday, June 11th, 7:00-9:00 p.m. Changing your Job Search Strategy During a Recession. led by Executive Career Coaches Bob Sloane and Tucker Mays of Optimarket, who will discuss six proven methods to find a next job faster.
  • Thursday, June 25th, 7:00-9:00 p.m. Technology Tools.

Child care is available with advance notice, sessions are held in the assembly room at Rye Presbyterian Church at 882 Boston Post Road, and are open to all at no cost. Please RSVP via email to: livesintransitions@gmail.com.

Judy_croughan_mini_2June 2009 Market Update and Article written by Judy Croughan, Licensed Realtor, Coldwell Banker Rye.


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