Buying in the December

Spiro C. Vrouhas Luxury Real Estate

December is usually when people are looking to deck their own halls—not buy new ones. But buying a home in December and January can be a smart move.

With less competition from buyers, December through January are great months to buy.

Looking to purchase? Contact me today and I’ll be glad to let you know what inventory is on the market!

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Buying a home in the Winter?

December is usually when people are looking to deck their own halls—not buy new ones. But buying a home in December and January can be a smart move.

With less competition from buyers, December through January are great months to buy.

Looking to purchase? Contact me today and I’ll be glad to let you know what inventory is on the market!





Can you believe it?

It’s nearly time for autumn, and that means that the holidays are coming!  Are you ready to welcome visiting friends and family into your new home?  It might seem like you have a lot to do, but relax; I’ve included a handy list of things to take care of before your guests start arriving!

I hope this list is helpful for you, and I hope you’ll give me a call if you need any additional information (about your home or about real estate in general)!  I love to help and very much enjoy being your friend and real estate agent.


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 Plug it in: Make sure that all of your appliances are in working order. The last thing you need with a house full of guests is a broken dishwasher or washing machine!

  1. Make space: Clean out the dressers and closets in the guest room(s) to ensure that your friends and family will feel comfortable and at home.
  2. Baby-proof: If your house isn’t already baby-proofed and if small children will be coming to stay or visit, take a little time to ensure that electrical outlets are safely covered, sharp edges are padded, and that valuable knick-knacks are out of harm’s way.
  3. Light your fire: Make sure that your fireplace and chimney are clean and in working order. Gathering around the fire with friends and family is a cozy way to spend time reminiscing and chatting.
  4. Knock knock: Take a walk through your home and inspect all doors and windows. If the doors, hinges or latches are sticky or squeaky, make any necessary repairs before your guests arrive.

Renting is more expensive than buying!


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Buying is becoming a better bargain than renting in many metropolitan areas in the U.S., according to a new report. In 94 of the nation’s 100 biggest metros, renting is proving more costly than buying, according to a Zillow report. Unlike the housing market, rentals did not suffer a large drop in prices following the financial crisis, and so rental rates have steadily trended upwards. Renters, the study found, spend 29.5 percent of their income on rent on average, compared to buyers who spent 15.3 percent on their income on home mortgages. “As rents keep rising, along with interest rates and home values, saving for a down payment and attaining home ownership becomes that much more difficult for millions of current renters, particularly millennial renters already saddled with uncertain job prospects and enormous student debt,” Stan Humphries, Zillow chief economist, said in a statement. “In order to combat this phenomenon, wages need to grow more quickly than they are, particularly for renters, and growth in home values will need to slow.” Another rent increase driver is a recent uptick in the number of all-cash home buyers. In the second quarter of 2014, 38 percent of all sales were cash purchases – although that’s down from 42 percent during the first quarter. Then again, all-cash buys during the first three months of the year hit a level not seen in three years.

[Main St.] – Julie Strickland – See more at:



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Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

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home sales – spiro vrouhas

WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier. Read more


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3 Easy home security tips


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Home Security Tips


Making sure that your home is secure should be a priority in your life not only because you want to protect what’s rightfully yours, but more specifically because it could be the most important thing that you do for your family and for yourself. Here are some simple home security tips from Spiro Vrouhas that you can implement at little or no cost.

1.)                Lock Your Locks

When it comes to home security, the single most important thing that you can do is to make sure that both your windows and doors are locked.  We no longer live in a time when it’s safe to go to bed at night with the door unlocked or the windows open, so do yourself and your family a favor by double checking those locks and making sure that all latches and hinges are functioning properly.

2.)                Light Your Lawn

What would you do if you were to hear a noise outside, but had no way to see without opening the door?  The proper lighting outside your home is essential as it allows you to view your outside space from the safety of your home’s interior.  “Motion sensor lights are easy and effective tools to secure your property” says realtor Spiro Vrouhas.

3.)                Trim Down

If you have large trees, bushes or hedges in your yard, trim them to a level that will allow you to see out the window without an obstructed view.  If you hear a noise or a knock at the door, you will need to be able to turn on the porch light and glance outside the window before opening the door.  An important rule of thumb is to remove or trim anything that may block your view of the lawn in any way.

I hope these simple home security tips will help protect your most value asset, your family. If you need any advice on buying or selling, contact Spiro Vrouhas for a confidential real estate consultation. 

Manhattan rental rates up for first time since August



Manhattan rental rates up for first time since August: report

Landlords boosted concessions in March to ward off rise in vacancies

April 10, 2014 12:01AM
By Julie Strickland

Manhattan rental rates edged up in March for the first time in six months as landlords moved to bolster occupancy with an increased number of concessions, according to Yuval Greenblatt, executive vice president of Douglas Elliman.

The median rent for a Manhattan apartment edged up 0.2 percent to $3,200 per month in March, up from $3,195 in the same period of 2013, according to Douglas Elliman’s monthly rental market report released today

“In Manhattan, this was the first month rent didn’t slip since August, because we’re getting now closer to the true rental season,” Greenblatt told The Real Deal. “It looks like we had a weaker off-season last year,  but the trend was clearly reversed in Manhattan in March.”

Although the average landlord concession was roughly the equivalent of one month’s rent in March, the use of concessions increased to 9.4 percent of all lease deals, up from 4.6 percent in the same period last year, the Elliman report said.

“The majority of the landlords in Manhattan are major, professional landlords who sometimes prefer to buy occupancy via increased concessions,” Greenblatt said. “It’s one way landlords intelligently deal with their inventory – they do that to get ahead of vacancies. And it’s clearly worked because you see median rents stopped declining and listing inventory was pretty flat year-over-year.”

Studio units saw the biggest price increase, with the median rent rising 2.5 percent to $2,401 from $2,342 in March 2013. Rents for one-bedrooms ticked up 1.6 percent year-over-year to $3,250 from $3,200 — but the monthly median rate tumbled for both two- and three-bedrooms. Two-bedroom rentals went for a median price of $4,650, down 2.1 percent from $4,750 in March of last year, while three-bedroom rentals slipped 4.7 percent to $7,100 from $7,450.

The Manhattan rental vacancy rate hit 1.46 percent in March, down from 1.50 percent the previous month and exactly the same as the rate in March 2013, according to Citi Habitats’ rental market report released today.

“The cost of renting for the tenant has changed dramatically, but incomes aren’t rising in the same proportions,” Gary Malin, president of Citi Habitats, told The Real Deal. “So it gets to a level where prices are strong and that leads to deals, but they can’t be pushed any further without having an impact on vacancy rates.”

The average Manhattan renter paid 0.4 percent less for an apartment in March than in February, the Citi Habitats report said.

In Brooklyn, listing inventory skyrocketed, jumping 72.4 percent to 1,495 listings from 867 in the same period last year. The median rent there in March was $2,900 – up 13.3 percent year-over-year, according to Elliman.

Brooklyn’s priciest pads were two-bedrooms in Dumbo, which had a mean rental price of $5,281 per month, while the cheapest were studios in Bay Ridge, with a mean of $1,200 per month, according to MNS’ March rental market report.

W Hotel Residenceies Boston


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The W Condos Boston, which are affiliated with the world famous W hotel, is located just steps from the public gardens and Back Bay. As one of the newer condo developments to Boston, the building is over 28 floors and features a five star, 235 room hotel, 123 luxury residential condos. In addition to the hotel and residences the development has over 12, 000 square feet of retail space and an underground garage. Jean Georges’ Market Restaurant is located on the lobby level along with Bliss Spa, and the signature W Lounge which strives to cater to the residents of condominiums. As is customary with most W Residences, a 24 hour concierge will go out of their way to make sure residents are well taken care of at all times. With regard to the residences themselves, each is appointed with the finest materials and finishes. Each unit has floor to ceiling windows to showcase stunning park, river and skyline views. In many ways the residences at the W offer luxury that other developments simply cannot. It is the crème de la crème of luxury living in Boston.

For more information on the W Hotel Residencies, contact Spiro Vrouhas for your real estate consultation.