Wonder Falls: 503 North Broadway, Upper Nyack
Ellis Sotheby’s International Realty today announced that it has achieved record midyear sales in 2018, increasing its sales volume nearly 27.65 percent from 2017 as reported by the Hudson Gateway Association of Realtors’ multiple-listing service.
The firm’s average sales price across all markets for the period was $942,072, compared with $773,306 in 2017.
Home sales recorded by the Hudson Gateway MLS show the Nyack-based firm was the market-share leader in sales volume for luxury homes valued at more than $1 million in Rockland County at 41.75 percent.
The Hudson River towns, where 2018 home sales ranged from $425,000 to a record-setting price of $5.1 million, are a primary market for Ellis Sotheby’s International Realty and represent “the gold coast of Rockland County along the Hudson River,” according to owner Richard Ellis. The firm fetched $5.1 million for the sale of Rosie O’ Donnell’s South Nyack residence in 2018 versus the previous year’s highest selling price of $3.5 million.
In the Hudson River towns of Grandview, Palisades, Piermont, Nyack, South Nyack, Upper Grandview and Upper Nyack, Ellis Sotheby’s International Realty also commanded the number-one position in market share for single-family homes, with 56.75 percent market share for the $1 million-plus home market and 31.52 percent for homes across all price points. Ellis Sotheby’s International Realty has 40 percent of the top 10 salespersons by sales dollar volume.
While the firm showcases homes in all price segments, it specializes in the luxury. “Luxury is an experience, not a price point,” said Ellis.“True luxury is living the lifestyle you want. It’s about personal expression and experience, and the Lower Hudson Valley is all about experiences.”
Buyers gravitate to the area for homes with and without Hudson River views at varying price points, he said. “The luxury buyer at the $1 million-plus price point continues to primarily be from New York City, but we are also seeing an uptick in international buyers from countries like the United Kingdom and China looking at the Lower Hudson Valley market.”
Ellis Sotheby’s International Realty also achieved the highest average sales price for offices with more than one transaction for single-family homes in Rockland County − $1,490,787 – and in the Hudson River towns − $1,782,953. The firm has been the luxury market leader for homes sales across all price points.
The group, which also specializes in marketing properties in Tuxedo Park and other communities in Orange County, is branching out to northern Bergen County, New Jersey, listing and selling homes, including a $1.99 million listing in Rockleigh.
“We specialize in marketing unique and extraordinary properties, which are not always defined by price point,” said Ellis. “Our value proposition is our attentive and personalized services backed by a dynamic brand with global recognition.”
