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Executive Homes | From 'Urb to 'Burb Blog

Friday, May 8, 2020   /   by Vanessa Saunders

Upstate Hudson Valley sees sudden surge in home buyers, renters.

This home on River Road in Piermont, NY rented for $10,000 a month during the Coronavirus outbreak. New York City dwellers are looking for ways to escape city living for life in the suburbs.
May 8, 2020
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
As the nightly news drones on about down markets and the Coronavirus, we're seeing more and more buyers and renters looking for escape to a house, a fresh-mowed lawn and a two car garage in the Hudson Valley. New York City residents are opting for a split-level home on a cul-de-sac after decades of apartment living. A wave of city-dwellers is currently hitting the inner and outer suburbs of NYC, looking to leave the city lights for greener pastures.
So why are New Yorkers choosing to abandon city life? The short answer is, they believe that the old ways of city life - strolling in parks, grabbing drinks at bars and living close together - may be gone after Corona. They believe social distancing su ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home sellers, executive homes, pandemic, health crisis

Wednesday, February 26, 2020   /   by Vanessa Saunders

Scarsdale second richest U.S. city. Again.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

If you live in Scarsdale, the good news is you live in the second richest town in America. The bad news is that if you earn $500K a year, you're below average. 
For the second straight year, the Bloomburg News report named Scarsdale the second richest community in the country with an average household income of $452,041. In addition to Scarsdale, the other communities in the top 50 are Bronxville (13), Larchmont (15) and Rye (27),
The richest town in America is Atherton, California, with an average household income of $525,324.



If you're considering buying or selling a property locally or globally, or need more information, CLICK HERE. 

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, 'urb to 'burb, westchester county, executive homes, westchester home for sale, westchester multi-family

Tuesday, February 18, 2020   /   by Vanessa Saunders

Bad world news may be good news for Hudson Valley real estate in 2020.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.


As a global real estate marketing brokerage, we here at Global Property Systems keep an eye on international news and world concerns. Because many of our clients are from abroad, their worries are our worries. Few people realize that troubles such as unrest in the Middle East or the spread of the coronavirus in Asia actually have an effect on markets and real estate investments in the United States.

Surprisingly, in the midst of all this seeming chaos and bad news, one sector that improves with bad news is real estate.

Mark Fleming, the chief economist for First American Financial Corporation said in a recent report: 
“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense ...

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  hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, 'urb to 'burb, hudson valley house, executive homes, global investment properties, upstate ny, international properties, international real estate, we sell italy

Wednesday, February 12, 2020   /   by Vanessa Saunders

Where have all the Chinese investors gone?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.

The Chinese Coronavirus has been all over the news lately, causing anxiety and worry on both sides of the globe. China used to be a big player in New York real estate investing, but Chinese buyers have all but disappeared. The virus, which has led to over a thousand deaths to date with more reported each day, is just another blow to the market.

A report from Cushman & Wakefield noted the first beginnings of a “frenzy of disposal activity” among Chinese commercial real estate investors in the United States. In 2018, there were 37 property acquisitions by Chinese buyers worth $2.3 billion, but $3.1 billion of commercial real estate was sold off. The report said that the treatment of Chinese conglomerate Healthcare Networks of America and tough trade talk made Chinese investors feel unwelcome.

Chinese investors are also showing less appetite for residential real estate in the United States. ...

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  hudson valley real estate, home investment, hudson valley home sellers, 'urb to 'burb, housing sales, westchester county, manhattan, executive homes, vacation property, global investment properties, international properties, international real estate

Tuesday, January 14, 2020   /   by Vanessa Saunders

There's a surprise inside half the condos in those skinny luxury Manhattan towers.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems


You know all those ultra-slender, ultra-fancy tower condominiums that have been popping up out of the Manhattan concrete since 2015? Next time you look at one, bear in mind that half the condos in them are empty. Surprise! No buyers, according to Nancy Packes Data Services. The other half are probably Starbucks that have gone vertical. 

The reason for all the empty rooms over Manhattan: a combination of overly aggressive pricing and a growing public disdain for the skyline-disrupting mansions in the clouds. But really, it's all about pricing.

Comparing the prices of new development units to resale units over the last decade tells the story. In 2012, new units sold for a 22% higher prices than resale units. At the end of last year, the premium was 118%. 

Nancy Packes lists three reasons for the “extraordinary oddity of the current cycle. ”  

According to Packes, buil ...

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  westchester county, manhattan, executive homes, house pricing, manhattan real estate, westchester home for sale, manhattan coop, central park west, condos, westchester condo, coops, manhattan skyline

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

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The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.