CLOSE-OUT OPPORTUNITY AT EAGLE HEIGHTS

Marrano/Marc Equity Corporation is now offering close-out savings to customers building new homes on the five remaining home sites in the current phase of Eagle Heights in Orchard Park.

“Every lot in Eagle Heights fits this requirement with many homes backing to a wooded preservation area, which will never be developed,”said Steve Converse, New Home Construction Professional for Marrano.

Marrano is currently offering a home for sale at 32 Redbrick priced at $499,900. This spacious two-story home includes all of the amenities expected in a home of this caliber starting with the gorgeous front elevation including a full front porch with stone accents.  As you step into the grand two-story foyer, with curved staircase, you will appreciate the sense of space.  

Set across the back of the home to maximize the view of the wooded backyard, are a great room with gas fireplace and a gourmet country kitchen with huge center island. The sun room with three full walls of windows is set off the rear of the kitchen.  A formal dining room and private home office complete the main floor.

The upper level of this home features an expansive master suite comprised of a walk-in closet and glamour bath.  Three additional bedrooms and a guest bath are also set on the second  floor.

Every Marrano home built in Eagle Heights comes standard with an array of features including granite countertops, Pella windows and more. Also, for a limited time, all new home buyers in Eagle Heights can take advantage of Marrano’s Spring Promotion which offers a free patio and landscaping or a finished basement.

To visit Eagle Heights, follow Jewett-Holmwood Road to Valley View to Pine Terrace to Knob Hill to Redbrick Road.

To schedule an appointment to discuss building with Marrano in Eagle Heights, call Steve Converse at 809-8676.

Marrano Introduces NEW Lots in Summerfield - South Lancaster

Marrano Homes is introducing 31 spectacular new lots in one of its most desirable communities, Summerfield Farms.  Located in a perfect country setting in South Lancaster, residents enjoy a quiet, private lifestyle just minutes from all the conveniences of shopping and dining.  Como Lake Park is nearby, offering 375 acres of playgrounds, tennis courts, sports fields and picnic areas, ideal for year-round activities.

Marrano’s new design features a new country cottage front exterior, four bedrooms, 2.5 baths, a large country kitchen and a sunroom. Visitors to the fully-decorated two-story model will see all the latest designer trends, including granite counters, custom paint and siding colors, second floor laundry and much more.  They will also learn about Marrano's latest incentive, offering home buyers free landscaping including a patio or a finished basement.

"With many over-sized lots up to 300 feet deep, along with exclusive lots backing up to permanent federal conservation land, buyers need to act fast to get the best selection," said Scott Gilray, new home construction specialist for Marrano.  "With pre-introductory pricing for this area and mortgage rates still historically low, there has never been a better time to build with Marrano than right now."

Marrano offers several exclusive benefits for its customers, including a 3,000 square-foot interactive Design Center where buyers can learn about and select the features they want in their new home.  Home buyers can also take advantage of Marrano's innovative "Safe and Sold Program" which, for 20 years, has eliminated buyers’ worry when it comes to selling their current home so they can focus on enjoying the building process.

For more information on Summerfield Farms and the latest incentives, visit Marrano's newest model center at 5397 William Street just east of Bowen Road.  Open Daily from 1-5 p.m., closed Thursday and Friday.  To schedule an appointment, call Steve Converse at 716-809-8676

Resurgent 2013 New York State housing market reaches six-year high in annual closed sales

Jan 23, 2014

From NYSAR: 

Albany –Jan. 23, 2014 – Closed sales of residential properties in New York State reached a six-year-high total of 107,142 during 2013, according to the annual housing market report released today by the New York State Association of REALTORS.  The 2013 annual median sales price of $227,000 is the highest since 2008.

“The 2013 housing market will be remembered as the year pent-up demand and low interest rates finally loosened the consumer logjam,” said Duncan MacKenzie, NYSAR CEO. “Sellers were winners, too.  As buyers reduced the available inventory, home sellers enjoyed their improved negotiating position to drive the statewide median sales price to a five-year high.” 

“We are cautiously optimistic that 2014 will build upon the previous year’s gains,” said MacKenzie. “Influencing the market will be standard industry forces such as interest rates and available for-sale housing stock.  It’s less predictable how state and federal housing related policy changes will influence the market.  Governor Cuomo’s property tax relief effort, if realized, may help boost buying activity.  New federal lending standards, tax policy changes and National Flood Insurance Program reforms also have the potential to affect housing sales in 2014.”

There were 107,142 existing single-family homes sold in 2013, an increase of 12.6 percent from the 95,195 sold in 2012. There were 27,250 sales of existing single-family homes in the 2013 fourth quarter, an increase of 12.4 percent from 24,490 sales in the 2012 fourth quarter. The 8,735 sales in December 2013 represent an increase of 6.2 percent from December 2012. 

The 2013 statewide annual median sales price was $227,000, up 5.6 percent from the $215,000 median in 2012. The fourth quarter 2013 median was $230,000, an increase of 7.9 percent from the fourth quarter 2012 median of $213,105. The December 2013 median sales price was $236,875, an increase of 5.3 percent from the December 2012 median of $225,000.

The months supply of inventory continued to trend toward a more balanced market, dropping 21.2 percent at year’s end to a 7.8 months supply. It stood at 9.9 months at the end of 2012. A 6 month to 6.5 month supply is considered to be a balanced market. Inventory stood at 73,500 units at the end of 2013, a decrease of 10.4 percent compared to the end of 2012.

Additional data is available at http://www.nysar.com/industry-resources/market-data 

Editor’s Note: All data is compiled from multiple listing services in the state of New York and the data now include townhomes and condominiums in addition to existing single-family homes. 

The New York State Association of REALTORS is a not-for-profit trade organization representing more than 47,000 of New York State’s real estate professionals. The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS. These REALTORS are also members of the New York State Association of REALTORS as well as their local board or association of REALTORS.