Better Homes and Gardens Rand Realty Welcomes Top  Performing Agent, Annette Cicinelli

White Plains, NY—Better Homes and Gardens Rand Realty announced that Annette Cicinelli, who has sold over $20M in homes, has joined the Yorktown and White Plains offices.

Annette, who has risen to the top of the industry as a seasoned agent at Coldwell Banker and then Houlihan Lawrence, began her career in real estate in 1999. Known as “The Real Estate Girl,” she has been a successful REALTOR®  for 20 years, serving the entirety of Westchester County, and holds a dual license in New York and Connecticut. She is an extremely active member of the Yorktown community where she participates in many town-sponsored events and is considered to be a knowledgeable, committed and sociable realtor with a powerhouse of expertise and power in the real estate industry.

Annette attributes her success to her “love for real estate, as well as always putting the client first and always being honest.”

“Communication is imperative in the real estate industry and knowing what and what not to tell buyers and sellers is key. If a buyer or seller asks you a question and you don’t know the answer, don’t make one up – just find it out!”

As an active community member, Annette loves when she can make a client’s dream come true and then see the family in town. “When I see a buyer at the supermarket or a school event and they tell me how much their family loves their new home, it makes my day,” she said.

Says Don Dwyer, Yorktown Office Manager, Better Homes and Gardens Rand Realty:

“We are thrilled to have Annette join our growing office. She brings local market knowledge and insight, home marketing skills and negotiation power that will prove to be advantageous to both our company and clients.”

Posted on February 27, 2019 at 4:52 pm
Nina Agro | Category: In the News, Rand Country Blog, Westchester County | Tagged , , ,

Renee Zurlo Takes on New Role as General Manager, Greater Hudson Valley Region for Better Homes and Gardens Rand Realty

Nanuet, NYBetter Homes and Gardens Rand Realty’s Renee Zurlo has been named General Manager of the Greater Hudson Valley region, covering Rockland, Orange, Sullivan, and Ulster Counties. Renee will be overseeing 11 offices in her new role. Previously, Renee served as the Orange County Regional Manager at Better Homes and Gardens Rand Realty. She has been a REALTOR® for over 24 years and has been with Better Homes and Gardens Rand Realty for the past ten years.

“I am thrilled to share my experience and skills with an even larger scope of the Greater Hudson Valley Region,” says Renee.

June Stokes will continue in her role as Rockland County Regional Manager. “I look forward to working with Renee as we continue the company’s success in Rockland County,” says June.

According to Matt Rand, CEO, Better Homes and Gardens Rand Realty, “Our goal with this new management structure is to accelerate our growth in the markets where we have dominant market share, as well as to serve our agents at an even higher level and help them grow their personal brand and business.”

Posted on February 6, 2019 at 11:35 am
Nina Agro | Category: In the News, Rand Country Blog | Tagged , , ,

Fourth Quarter 2018: Real Estate Market Report – Hudson County, NJ

The Hudson housing market surged yet again in the fourth quarter, with prices rising across the board. Overall sales for the county were down almost 11% from last year’s fourth quarter, with both multi‑family and condo sales falling sharply due to the lack of inventory available on the market. Indeed, for the 2018 year, sales were down 5% overall, falling 9% for multi‑families and 6% for condos, with single‑family homes being the only property type to see an increase, at 5%. But the drop in sales does not indicate a lack of demand, with prices up across the board: quarterly prices were up 14% for single‑family homes, 2% for multi‑families, and almost 7% for condos. And for the year, we’re seeing pretty dramatic price appreciation: single‑family homes up 12%, multi‑families up 12%, and condos up 7%. Going forward, we expect this to continue through a robust winter and spring market, as demand for housing in Hudson remains strong.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 3:28 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth Quarter 2018: Real Estate Market Report – Sussex County, NJ

Pricing in the Sussex market surged yet again in the fourth quarter, even while falling inventory held sales down. Transactions were down sharply, falling almost 12% for the quarter, but finishing the year up almost 2%. But the drop in sales clearly did not indicate a lack of demand, with prices spiking across the board: up 6% on average and 13% at the median for the quarter, and finishing the 2018 year up 5% on average and 6% at the median. More importantly, inventory has finally come down to manageable levels, down to the six‑month level that usually denotes a seller’s market. Going forward, we expect continued strength in sales, coupled with meaningful price appreciation through a strong 2019.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 2:56 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth Quarter 2018: Real Estate Market Report – Essex County, NJ

Sales in the Essex housing market went up again in the fourth quarter, but this increase in buyer demand had a middling effect on pricing. Sales rose almost 4% for the quarter, and finished the year up over 2%. But pricing was mixed: for the quarter, the average price was down over 4%, even while the median was up a tick. We saw the same thing for the full‑year results, with the average down slightly and the median up about 2%. The negotiability indicators, though, continue to support the idea that we’re in a seller’s market: homes are selling more quickly, and for very close to the asking price. And inventory continues to stay well below the six‑month level that usually denotes a seller’s market. Going forward, we do believe that prices have room for growth, and that rising prices will eventually attract more sellers, and more inventory, into the market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 2:27 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Morris County, NJ

The Morris housing market finished the year with a welcome burst of price appreciation, the result of low levels of inventory, coupled with strong buyer demand. After a surprising pricing decline in the third quarter, prices came back in the fourth, rising almost 3% on average and 5% at the median. That helped Morris close the year (barely) in the black, with the average and median both up just a tick. Inventory continued to stay well below the six‑month level, though, which is holding back sales: transactions were down 6% for the quarter, and finished the year down about 1%. Going forward, we do believe that prices have room for growth, and that rising prices will eventually attract more sellers, and more inventory, into the market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 12:58 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Passaic County, NJ

Pricing in the Passaic housing market surged in the fourth quarter, closing a robust year in which low levels of inventory suppressed sales, even while driving prices up. Inventory is still falling, dropping over 23% from last year and now down below the six‑month level that usually denotes a seller’s market. And we’re seeing that in the pricing trends, with prices up 6% on average and 7% for the quarter, finishing the full 2018 year up 5% on average and at the median. The lack of inventory is still, though, holding back sales, which fell 7% for the quarter and ended the 2018 year down almost 2%. Going forward, we expect that sales will only go up when these rising prices tempt more homeowners into the market, and that we will continue to see price appreciation through a robust winter and spring market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 12:30 pm
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Bergen County, NJ

The Bergen housing market saw meaningful price appreciation in the fourth quarter, even while a lack of inventory continued to stifle sales growth. Sales were mixed, with single‑family homes down 4%, even while condos were up 3%. For the full 2018 year, sales in both houses and condos were down slightly, the result of constricted inventory levels that are now well below five months. But restricted supply, coupled with strong demand, is having its expected impact on pricing: quarterly single‑family home prices rose over 3% on average and 6% at the median, and condo prices spiked 15% on average and 8% at the median. And for the year, we’ve seen meaningful price appreciation in Bergen, with single‑family homes up 1% on average and 3% at the median, and condos up almost 8% on average and 6% at the median.
Going forward, we believe that these rising prices will eventually attract more sellers into the market, which will moderate the inventory problems and drive both sales and prices up in the spring market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 11:59 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Northern New Jersey

Pricing in the housing market in the Northern New Jersey suburbs of New York City continued to appreciate in the fourth quarter of 2018, even while low levels of inventory suppressed sales growth throughout the region.

The regional market continues to suffer from a lack of supply. The number of homes available has settled at levels that generally signal a seller’s market, with fewer than six months of inventory in most of the Northern New Jersey markets. The lack of inventory has been stifling sales growth because the market lacks “fuel for the fire” to meet the existing buyer demand, even while driving meaningful price appreciation throughout the region.

Because of the lack of inventory, sales were down sharply. For the region, sales were down almost 5% in the quarter, falling in almost all of the counties: down 4% in Bergen, 11% in Hudson, 7% in Passaic, 6% in Morris, and 12% in Sussex. Sales were only up in Sussex and for Bergen condos. And for the 2018 year, sales were down about 1%, and down in most of the counties. That said, sales are now at levels we haven’t seen since the seller’s market of the mid‑2000s, and almost double in many places from the bottom of the market following the correction of 2008‑09.

But these low levels of inventory are also driving meaningful price appreciation. Prices rose sharply for the region, rising almost 5% for the quarter and up in most of the counties: rising 3% in Bergen, 6% in Hudson, 6% in Passaic, 3% in Morris, and 6% in Sussex (down only in Essex). For the year, we saw meaningful price appreciation throughout the region, with the regional price up almost 3%.

Going forward, we expect the seller’s market to continue. With good economic conditions, low interest rates, and attractive pricing, we expect that the Northern New Jersey market will continue to see meaningful price appreciation. This will eventually attract more sellers into the market, perhaps in time to help drive sales growth in the spring market.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 11:29 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , , , , , , ,

Fourth-Quarter 2018: Real Estate Market Report – Bronx, NY

With Better Homes and Gardens Rand Realty’s recent expansion into the Bronx, we are delighted to present the Rand Quarterly Market Report for Bronx County. We have been providing these quarterly market analyses for almost 15 years for the markets we service, which include Westchester and the Hudson Valley, Northern New Jersey, and now the Bronx. We hope you enjoy the Report, and if you have any questions, please reach out to your Rand Realty agent.

The Bronx housing market surged again in the fourth quarter of 2018, with prices rising sharply in a growing seller’s market, even while low levels of inventory held back sales growth. Going forward, we expect that strong demand will continue to drive meaningful price appreciation through a robust winter and spring market.

Prices were up across the board. For all property types, the average price rose over 13% from the fourth quarter of last year, and was relatively balanced: single‑family homes were up almost 6% on average and over 10% at the median, multi‑families were up 8% on average and almost 9% at the median; coops were up 10% on average and 8% at the median; and condos were up over 40% on average and 67% at the median. We caution not to read too much into the striking condo results because the market is relatively thin (only 45 sales in the quarter) and can be skewed by a couple of outliers. That said, even for the more reliable full 2018 year, we have some eye‑popping results for Bronx condos: up 16% on average and 13% at the median. Moreover, we’re seeing sustained price appreciation across the board, with the average price rising over 13% for all property types and up in every market segment.

But sales were down overall, and for most property types. For the borough as a whole, sales fell about 8%, even while they were relatively flat for the year. Most likely, we’re just seeing the impact of restricted inventory holding back sales, with the market lacking enough “fuel for the fire” to satiate demand. We would expect that these rising prices will eventually tempt more sellers into the market, which could help drive sales up.

Inventory continues to fall. We measure inventory by looking at the number of homes available for sale, and the rate at which homes are selling. A balanced market has about six months of inventory, meaning that at the current rate of home sales, it would take six months to sell all the homes currently available. What we’re seeing, though, is a clear sign of a seller’s market, with the months of inventory well below six months for all property types: 4.2 for single‑family homes, 5.0 for multi‑families, 4.9 for coops, and 5.6 for condos.

Overall, this is exactly what a robust seller’s market looks like. We have high demand and falling inventory driving sales and prices up throughout the borough. Textbook economics tells us that rising prices will eventually attract more sellers into the market, but in the meantime we can expect that high demand will continue to drive prices up through a robust winter and spring market.

Editor’s Note: This report includes only those sales reported through the Hudson Valley Gateway Multiple Listing Service.

To learn more about Better Homes and Gardens Real Estate Rand Realty, visit their website and Facebook page, and make sure to “Like” their page. You can also follow them on TwitterPinterest, and Instagram.

Posted on January 22, 2019 at 11:00 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , , ,