Syosset NY Real Estate

At the beginning of the traditionally strong home buying season there is no good news for buyers.  With the economy continuing to improve, unemployment low and interest rates surprisingly low  the demand for houses is crushing the supply. All markets in Long Island reflect this reality.  Nassau C...

There is a severe drought of real estate inventory on Long Island.  There are 18% less homes available in Nassau County for sale at the end of the first quarter of 2016 than the same time last year.  Similarly, Suffolk County shows a 20% decline. Our home town of Syosset follows the trend with 18...

The real estate story in Syosset continues last year’s theme of tight inventory.  We ended the year with 4.4 months’ of inventory and we now stand at 4.5 months.  73 homes are presently on the market and 16 homes were put under contract in the last 30 days.  Prices look like they will be affected...

2016 was a good year for real estate sales on Long Island and in Syosset.  395 homes were placed on the market this past year. That was 47% higher than the previous year.  268 homes sold(closed) during the year.  That is almost 22% more sales than 2015.  The average selling price was up 6% to $73...

This has been a year of scarce inventory on Long Island along with most of the United States. In Nassau County inventory peaked in May with 6366 homes on the market. As of September 1st that number was down to 5750 homes 19% lower than last year on September 1st.  Syosset inventory peaked in Apri...

The Syosset real estate market is following the familiar pattern of the August pause.  The torrid pace of the spring and early summer moves to a relaxed rhythm of less buyer traffic until school starts.  It can most easily be spotted in the change in the absorption rate.  On August first there we...

Inventory is tight all over Nassau County NY.  The absorption rate as of July 1st was 4.4 months’ worth of inventory. Last year’s number was 5.1. In Syosset the absorption rate on July 1st was 3.6 months. Last year it was 5 months.  Last year the inventory peaked on September 1st at 144 units. As...

Birchwood at Spring Lake in Middle Island is a gated golf community 25 years young with 732 units.  There are a mix of architectures from multi-unit condo buildings to townhouses to free standing houses.  One of the strengths of this development is that there is layout for every buyer.  The real ...

This One Has It All. Four Bedrooms 2 And Half Baths Formal Living Room Formal Dining Room Eat-In-Kitchen Den The Community Includes A Golf Course, Tennis, Bocce 2 Clubhouses With Indoor And Outdoor Pools Indoor Racketball Sauna Jaccuzzi And Gym. Since I am a resident in this community for the pas...

The first quarter presented a very favorable picture for this coming selling season in Syosset. Under contracts are up 29% over last year while inventory levels are slightly above last April 1st. The homes that were listed since January and went under contract already are spending only 24 days on...