Connecticut

534 & 536 Riversville Road, Greenwich, CT 06831, listed by Robin Kencel

Photo Credit: Chris Meech

"With no signs of the usual market slowdown at year-end, it looks like the buying wave that has characterized Greenwich in 2020 will continue in 2021.  Even with a vaccine on the horizon, buyers seem to be rethinking lifestyle and options, and Greenwich ticks a lot of boxes for Manhattanites." - Robin Kencel, Greenwich, CT.

New Jersey

Saddle River, NJ 07458, listed by Vicki Gaily

Photo Credit: Skinner Photography

"We are experiencing a surge in real estate sales for the past 3 months with a lower than normal inventory in active listings in most price ranges. November and December can slow down in normal times, but have shown no signs of doing that now.  I anticipate this will continue well into 2021." - Vicki Gaily, Bergen County, NJ.

184 Harrow Road, Westfield, NJ 07090, listed by Frank D. Isoldi

Photo Credit: Vitaly Boicenco

"The inventory in Westfield remains historically low, my prediction for 2021 is a very strong 1st quarter for sure.  We are still seeing a big movement of buyers coming from Manhattan, Jersey City, Hoboken and Brooklyn looking for the lifestyle that Westfield has to offer." - Frank D. Isoldi, Westfield, NJ.

New York

One57, 157 West 57 Street, #32F, New York, NY 10019, listed by Elliot Bogod

Photo Credit: Extell

"We will see a lot of foreclosures in 2021, but they will not going to be processed until mid of 2021 and we don’t expect real estate market to crash as a lot of money chasing deals. Real estate is an alternative to the stock market and a good investment in expected inflation environment. Manhattan real estate was a proven niche of most liquid real estate in the country and we have a good feeling it will remain strong for years to come.

The Upper West Side is a desirable place to reside and invest and has attracted a lot of attention from developers, investors, and residents. It has never had such a large inventory of apartments and townhouses on sale.

In 2021 we will see more deals happening and inventory absorption rate will increase. People will take advantage of the choices the market is offering and very low mortgage rates and a variety of bank mortgage programs offered. 2021 will be another year of the truly buyer’s market and we are at Broadway Realty are happy to represent the most qualified buyers in pursue of great deals that Manhattan has to offer.

We will see hot deals, move-in ready and our price forecast is very positive as we are no longer in the price bubble and see more and more affordable deals." - Elliot Bogod, Upper West Side, NY.

12 & 15 West Dune Road, East Hampton, NY 11937, listed by James Petrie

Photo Credit: Lena Yamerenko

"The real estate market in the Hamptons will continue to be strong through 2021. Working from a home office has become acceptable across industries allowing for permanent or semi-permanent relocation to areas once looked at as summer vacation destinations. Covid has changed the way people live and the Hamptons will continue to benefit." - James Petrie, East Hampton, NY.

35 Brookville Lane, Old Brookville, NY 11545, listed by the Stanco-Misiti Team

Photo Credit: Stanco-Misiti Team

"Values on Long Island are stable and trending higher.  In 2021, expecting inventory to loosen up on the North Shore and more properties to hit the market. Low-interest rates continue to stimulate buyer demand. Home is your sanctuary. But so much more now when mixing lifestyle and work there." - Michael Stanco, North Shore, Long Island, NY.

Read more expectations for 2021 from members of Haute Residence, including the areas of the Caribbean, South Florida, the west coast of Florida, and Southern California.

The post New York Tri-State Real Estate Expectations For 2021 appeared first on Haute Residence by Haute Living.

We are finding a large volume of buyers coming from more urban areas, particularly Manhattan but large cities from around the Manhattan area also. Buyers want land around them, larger square footage, office space, more bedrooms for extended family and pools.

Photo Credit: Skinner Photography

We had a strong start to 2020, and then we closed down due to COVID-19. Now we are extremely busy. We never had our typical Spring market but are making up for it now. 2019 was a terrific year and it looks like we may do even better in 2020.

Photo Credit: Skinner Photography

The takeaway from the past six months is that, be prepared in life for the unexpected and understand that there has to be an adaptation to new ways of doing business and a sensitivity to what is going on around you, both on a local level as well as globally. Preparation is everything!

Photo Credit: Skinner Photography

Photo Credit: Skinner Photography

My question is: How do we prepare for the Holiday Season in 2020? Connection!

We have to connect with as many people as possible around the holidays. Whether it is through zoom, a drive-by, a phone call, a letter or email. Whatever the method, people need a sense of being a part of life interaction. We have been so removed from our “Normal” routine, we need to make as much effort to keep our social connection going.

Photo Credit: Skinner Photography

The post New Jersey Real Estate Market Update, With Vicki Gaily appeared first on Haute Residence by Haute Living.

Stunning center hall colonial beautifully updated on 2 acres located on sought after cul de sac street on the "East Hill" of town. Pool, spa and cabana with electronic screens, fabulous open porch with fireplace and electronic screens opens to the sleek & stunning state-of-the-art kitchen with top of the line appliances and finishings. Elegant 2 story entrance hall, 2 story great room with fireplace, woodworked library, and formal living room and dining room. Beautifully appointed master bedroom suite with large fitted walk-in closet and luxury bath with floating shower. Finished lower level offers a professional recording studio area for the avid music enthusiast, home theater area, recreation room with bar and a bedroom with bath. Professionally landscaped property with numerous amenities on this multi-million-dollar street. 3-car garage. 

Address: Elegant Stately Colonial, Saddle River, New Jersey 07458

Price: $2,550,000

For more information, please contact Vicki Gaily at 201-390-5880 or vgaily@specialproperties.com

Vicki Gaily is the exclusive agent representing the Bergen County, NJ real estate market as a member of the Haute Residence Real Estate Network. View all of her listings here.

Photo Credit: Skinner Photography

Photo Credit: Skinner Photography

Photo Credit: Skinner Photography

Photo Credit: Skinner Photography

Photo Credit: Skinner Photography

The post A Grand Colonial Mansion In New Jersey By Vicki Gaily appeared first on Haute Residence by Haute Living.

The insightful dialogue was hosted by Haute Living's Erik Haase. Watch the webinar below.

About today's panelists:

Jeff Chertow: Managing Partner of Pinnacle Estate Properties Malibu Colony, consistently been a top 10 producer since 1987 in Malibu, CA sales volume.

Vicki Gaily: Founder of Special Properties and record-breaking agent for over 37 years in Bergen County, NJ.

Joel Schemmel: Top producing team with Sotheby's in Sarasota, FL, top  1% overall in Sarasota.

Top left: Joel Schemmel, top right: Vicki Gaily, bottom: Jeff Chertow

Highlight quotes:

Jeff Chertow: "Our inventory right now is very low, so I've told every one of my potential clients 'don't wait'...(Virtual tours) give an idea, but I have not seen one deal happen, nor do I think will happen, without (buyers) coming to visit... I see people are not going to be traveling abroad (for the summer), so a big trend we are seeing is that a lot of them are renting high-end beach houses here and are staying in the country and somewhat local... This has been a gamechanger for all of us; a different way of doing business. We are getting a lot of phone calls from people in New York City that are bi-coastal, or in Beverly Hills and San Francisco looking to social distance."

Vicki Gaily: "The future will be fine. We have to get through this now... It's a time to be authentic and people have to trust going back to doing business; not the old norm and not business as usual, but make it right for us now...  People can get a really good deal. Manhattan is between $2,000-3,000 per foot in their prime areas. We are between $500-600 per foot, 20 minutes outside of Manhattan. The value that you can get in our area of Bergen County is extraordinary... We are showing properties. We are putting transactions together. We were afraid of what people's attitudes were going to be, but we did not lose one transaction because of COVID(-19)."

Joel Schemmel: "The higher end of the market is engaged. Those who have the ability to buy now are taking advantage... It's almost like the faucet is turned back on here (in Sarasota area). We have been incredibly busy for the last two to three weeks. All those people that were contemplating retirement or buying a second home in 1-5 years are all of a sudden want to talk... We went from a pretty good first quarter to almost a standstill at the end of March, from 50mph to zero, but we adapted to that."

The post Watch: “Coast To Coast” Real Estate Webinar Series Continues To Provide Expert Industry Insight appeared first on Haute Residence by Haute Living.