Pass through the Tudor archway to the full-sized dining room with leaded glass windows and stunning wood paneling surrounding the entire room. The first floor main entrance brings you to a small vestibule and a sophisticated high ceilinged living room with beams, fireplace, original wrought iron light sconces, and leaded glass windows with color highlights. The suite features the original wood paneled living room with stucco and brick fire place, leaded glass windows in the below grade living room, windowed bedroom, old kitchen and newly installed bath. Neo-Tudor semi-attached house with original basement mother-in-law suite with 2 entrances to the lower level is a value added feature of this house. Close to food stores, restaurants, shops, schools, Henry Hudson Parkway, public transportation to NYC, near Metro North. Features above-ground pool, ceramic & hard wood floors, new roof, new boiler and large hot water heater. A closed glass breezeway and finished basement apartment are generous in size. From one of the upstairs bedrooms, walk out to an amazing roof patio above the 2-car garage with off-street parking that’s great for relaxing and entertaining. Enjoy lots of closets and storage spaces. A center-hall staircase leads to a second level with 3 spacious beautiful bedroom and baths suites. The luxurious dining room and kitchen with top- of- the- line appliances are to the left. There’s a elegant, mirrored parlor bath, and sunken living room with a fireplace on the right. Enter through a beautiful garden walkway to the front door. This lovely corner property is set back from side walk behind a wood fence. Now investors have emerged on the buyer horizon.Price Drop! Bring offers! A modern, corner house in downtown Riverdale offers all the comforts of home. Some of the entry level demand can be explained by government incentives like the HomeBuilder Grant and the First Home Owner Grant which saw first home buyers soar to record numbers earlier this year. It’s not just the top end that is seeing these pressures. There is just one other freestanding house for sale in Malabar, and possibly the 16 unsuccessful bidders, or even more, still seeking out an opportunity. The buyers plan to build on the 506sqm block after knocking down the cottage. Last weekend Ray White agent Belinda Clemesha sold a Malabar offering for $3.346m with 17 bidders. The Ray White Group has calculated an average 10 registered bidders at its recent auctions, with the number of active bidders at between four and five. Not everywhere, but certainly in key market segments. As a result, instead of one or two keen to buy, there’re been five, 10 maybe even 50 whose competition drove prices up. Meanwhile demand remained strong with more competing for a smaller amount of offerings. Picture: News Corp: Daily Telegraph / Gaye Gerard Supply’s effect on property prices was seen in the pandemic lockdowns as there were fewer fresh house listings on the market, in part because of regulations surrounding their accessibility, and also because of vendor hesitation around Covid-19 safety and whether they thought it was the best time to move, and if they’d even find a home.Ĭompetition is very high at auctions. The most obvious barometer of a market slowdown, pause or reversal, is one which rules all of economics, supply and demand. One of the best ways to detect when the property market you are interested, or invested in, is likely to be cooling is to watch one key metric. MORE: Millennials’ dream property sells for $14mĬentral Coast home has epic fireplace and ‘underwater’ cellar The property news headlines can’t always be a barometer of where the market is heading, especially as different suburbs and property types are their own micro-markets, which may see prices rise and fall quite independently. It doesn’t even have to be the property bubble bursting as seen during the Global Financial Crisis, or as was feared to happen when coronavirus first hit. Property prices do fall, despite whatever your mates, aunty or best friend have told you.
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