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Ellis Sotheby’s International Realty Announces Record Midyear Results

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.”

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Living in…Orange County, New York

Located roughly 50 miles north of Manhattan and along the Hudson River, New York State’s Orange County features bucolic surroundings and countless outdoor recreation activities. The county is dotted with historic villages and hamlets, including Cornwall, Tuxedo Park and Warwick.

Cornwall

6 Sengen Lane, Cornwall-on-Hudson

Affluent with a humble sensibility, the Town of Cornwall sits along the west bank of the Hudson River and offers scenic beauty and a close-knit community. Home to the world-renowned Storm King Art Center, a 500-acre outdoor sculpture garden as well as Strom King State Park and the historic Cromwell Manor Inn. Cornwall is noted for being the epitome of refined country living and for its proximity to West Point Military Academy.

Tuxedo Park

316 West Lake Road, Tuxedo Park

Nestled between Sterling Forest and Harriman State Parks, is the gated enclave of Tuxedo Park. Dating back to the 1800s, Tuxedo Park is known for being a playground for New York’s wealthy seeking a quite respite, outdoor recreation and a tight-knit community.

21 Lookout Road, Tuxedo Park

The centerpiece of the village is Tuxedo Lake, which offers an innumerable amount of outdoor activities including boating, hiking, kayaking and fishing and restricted access to the roughly 300 residents.

Warwick

Known as the “Queen Village,” Warwick is a charming hamlet on the western edge of the county. It boasts a friendly, laid-back atmosphere and a historic downtown that features boutiques, restaurants and bed-and-breakfasts.

212 Bellvale Lakes Road, Warwick

Local activities include boating on Greenwood Lake, skiing on Mt. Peter and a distinct park system that includes over 100 acres of active and passive parkland. The village is also home to five distinct wineries, including Warwick Valley Winery & Distillery and Applewood Winery.

 

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