Syosset, NY Real Estate News

By John Ammirati
(Century 21 American Homes)
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% less inventory.  Is the drought due to a slowdown in listings put on the market? Not on Long Island!  Suffolk County leads with 19% more homes listed in the first quarter of 2017, Nassau follows with 10% and Syosset lags behind with only a 3% increase in listings taken.The absorption rate mirrors the inventory drought with Nassau County holding 3.8 months’ worth of inventory available at the end of the quarter.  Suffolk County nor much better at 4.6 months and Syosset wins with a low 3.3 month...
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By John Ammirati
(Century 21 American Homes)
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 by the supply and demand issue.  While homes that closed in the past 6 weeks show no price rise from last year’s closings, the average asking price of homes sold in the past 6 weeks have risen 10%.  The market is favoring the sellers. Buyers need to deal with this reality by being realistic with their expectations and aggressive with their offers.  Anybody looking to sell their home?
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By John Ammirati
(Century 21 American Homes)
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 $737,920.  The days on the market dropped from 87 to 82. The percentage of listings sold dropped from 82% to 73%.  Even in a great market 27% did not sell.  This can be due to poor motivation on the sellers’ part, mispricing the listing for the market or poor marketing by the real estate agency.  Even in the best markets not all listings sell.2017 starts off with 75 homes on the market which is a 4.4 months’ supply.  During 2016 the absorption rate (how many months’ supply) averaged just under 5 mo...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
Where Is Hidden Ridge?Hidden Ridge is located in Syosset New York 11791, on Long Island’s North Shore in Nassau County. You can reach Hidden Ridge from Jericho Turnpike (West of Route 135 and East of Jackson Avenue) To Cedar (North Side Of Jericho Turnpike) To The End and up to the Gatehouse entry. There is a variety of exterior designs in Hidden Ridge, which is located in the Top-Rated Syosset School District#2.  Buyers we are working with now like the School District and that the community is 24 hour guard-gated.  The general phone number for the District is 516-364-5600. What Can You Tell Me About Hidden Ridge In Syosset?Hidden Ridge is an all-age Condo community with attached Condos in groupings. There are 2, 3 and 4 bedroom Floor Plans, including The Summit, Vale, Knoll, Glade and ...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
 You will learn the basics of Feng Shui in a grounded and accessible way, taught by Certified Feng Shui Expert Laura Cerrano, a leader in the Feng Shui community. You will come away with several ideas and new concepts that you can immediately put into practice to help you move forward in your life! Discover the richness that eastern philosophy offers and experience how it can enhance your relationships, your career, your life.Feng Shui made simple...how to apply its principles to live abundantly• What, Where and How it works - the Bagua• See how your floor plan can affect various life situations• Tangible versus Spiritual counterparts of the practice• One lucky attendee will win a FREE feng shui gift! September 27th, 2016MiD, 200 Oak Dr, Syosset, NY 117917:00pm - 9:00pm Cost: $39 and br...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
 You will learn the basics of Feng Shui in a grounded and accessible way, taught by Certified Feng Shui Expert Laura Cerrano, a leader in the Feng Shui community. You will come away with several ideas and new concepts that you can immediately put into practice to help you move forward in your life! Discover the richness that eastern philosophy offers and experience how it can enhance your relationships, your career, your life.Feng Shui made simple...how to apply its principles to live abundantly• What, Where and How it works - the Bagua• See how your floor plan can affect various life situations• Tangible versus Spiritual counterparts of the practice• One lucky attendee will win a FREE feng shui gift! September 27th, 2016MiD, 200 Oak Dr, Syosset, NY 117917:00pm - 9:00pm Cost: $39 and br...
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By John Ammirati
(Century 21 American Homes)
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 April with 140 homes on the market then.  As of September the number was 112 homes 22% less than last September 1st.  Suffolk County which has been the laggard in the recovery made great strides this year.  Inventory peaked in May with 9138 homes on the market.  That has been reduced to 8680 homes on September 1st that is 20% less than last year this time. Has the problem been the number of listings taken? Have less people put their homes on the market this year?  The answer is a resounding no. The ...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
 You will learn the basics of Feng Shui in a grounded and accessible way, taught by Certified Feng Shui Expert Laura Cerrano, a leader in the Feng Shui community. You will come away with several ideas and new concepts that you can immediately put into practice to help you move forward in your life! Discover the richness that eastern philosophy offers and experience how it can enhance your relationships, your career, your life.Feng Shui made simple...how to apply its principles to live abundantly• What, Where and How it works - the Bagua• See how your floor plan can affect various life situations• Tangible versus Spiritual counterparts of the practice• One lucky attendee will win a FREE feng shui gift! September 27th, 2016MiD, 200 Oak Dr, Syosset, NY 117917:00pm - 9:00pm Cost: $39 and br...
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By John Ammirati
(Century 21 American Homes)
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 were 123 homes on the market in Syosset with a monthly under contract rate of 27 homes which calculates to a 4.6 month supply.  Today (August 12th) there are 122 homes and the under contract pace for the last 30 days is 15 homes which calculates to an 8.1 month supply.  Did the Syosset real estate market flip from a seller’s market to a buyer’s market in 12 days.  Probably not.  Although it probably is a good time for a buyer to make an offer.  We expect the normal pace of 25 to 30 homes sold a mo...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
Where Is Hidden Ridge? Hidden Ridge is located in Syosset New York 11791, on Long Island’s North Shore in Nassau County. You can reach Hidden Ridge from Jericho Turnpike (West of Route 135 and East of Jackson Avenue) To Cedar (North Side Of Jericho Turnpike) To The End and up to the Gatehouse entry.There is a variety of exterior designs in Hidden Ridge, which is located in the Top-Rated Syosset School District#2.  Buyers we are working with now like the School District and that the community is 24 hour guard-gated.  The general phone number for the District is 516-364-5600.What Can You Tell Me About Hidden Ridge In Syosset?Hidden Ridge is an all-age Condo community with attached Condos in groupings. There are 2, 3 and 4 bedroom Floor Plans, including The Summit, Vale, Knoll, Glade and R...
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By John Ammirati
(Century 21 American Homes)
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 of July 1st we were at 131.  The big question for buyers and sellers in Nassau County and in Syosset is how much inventory is left to come and will sales continue at high levels with less inventory to choose from.  My best bet is that sellers will remain in the driver’s seat for the rest of the year.  With less competition and record breaking interest rates the pressure will be on the buyers. There is good news for buyers though. The recent interest rate drop due to Brexit will give them more b...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
 Interested in learning more about Feng Shui? Join Feng Shui Experts Karen Ferraro and Laura Cerrano for this full day seminar. Whether you have taken an intro class, workshop or read numerous books, Feng Shui Today is for you! Students will learn how to incorporate Feng Shui into their every day lives and create spaces that will encourage balance, harmony and prosperity!Date: June 11th, 2016Time: 10am - 5pmLocation: Metropolitan Institute of Design, 200 Oak Drive, Syosset, NY 11791Call: 516 845-4033 or email Lisa@met-design.com to register
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
 Interested in learning more about Feng Shui? Join Feng Shui Experts Karen Ferraro and Laura Cerrano for this full day seminar. Whether you have taken an intro class, workshop or read numerous books, Feng Shui Today is for you! Students will learn how to incorporate Feng Shui into their every day lives and create spaces that will encourage balance, harmony and prosperity!Date: June 11th, 2016Time: 10am - 5pmLocation: Metropolitan Institute of Design, 200 Oak Drive, Syosset, NY 11791Call: 516 845-4033 or email Lisa@met-design.com to register
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
 Interested in learning more about Feng Shui? Join Feng Shui Experts Karen Ferraro and Laura Cerranofor this full day seminar. Whether you have taken an intro class, workshop or read numerous books, Feng Shui Today is for you! Students will learn how to incorporate Feng Shui into their every day lives and create spaces that will encourage balance, harmony and prosperity!Date: June 11th, 2016Time: 10am - 5pmLocation: Metropolitan Institute of Design, 200 Oak Drive, Syosset, NY 11791Call: 516 845-4033 or email Lisa@met-design.com to register
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By John Ammirati
(Century 21 American Homes)
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 the market. 43 % of the homes that were listed in January have already sold and 50% of those listed in February. As of April 1st the absorption rate in Syosset is a hot 3.9 months of inventory as opposed to last year’s rate of 4.6 month of inventory. Nassau County itself has improved with 4.7 months of inventory on the market April 1st versus 6.5 months last April 1st. The sellers are in the driver’s seat for now. It is a great time to list your home in Syosset.
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By John Ammirati
(Century 21 American Homes)
Does the early bird catch the worm or is it better to list in January rather than June? A study of last year’s monthly listing and selling figures shows the first quarter of the year is the best time to list your home in today’s market in Syosset. The highest percentage of homes sold was listed last February (71%) while the lowest percentage was in November (29%). Looking at the quarterly sales figures, the first quarter showed 66% of homes listed were sold and it goes downhill from there. The second quarter comes in at 54% of homes sold, followed by the third quarter with 45% of the homes sold and lagging behind is the fourth quarter with only 35% of the homes listed sold as of Feb 1st 2016.If you want to sell quickly in Syosset list in the second quarter. The days on the market averag...
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
  Date:           Feburary 6th - 7th, 2016 (two day workshop)Location:   Metropolitan Institute of Design                    200 Oak Drive, Syosset, NY Time:        10pm-3:00pm East Coast Time   Date:           February 24th, 2016Location:   Oyster Bay-East Norwich Library                    89 E Main St, Oyster Bay, NY 11771 Time:        7pm-8:30pm East Coast Time
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
   Date:           February 6th - 7th, 2016 (two-day workshop)Location:   Metropolitan Institute of Design                    200 Oak Drive, Syosset, NY Time:        10pm-3:00pm East Coast Time   Date:           February 24th, 2016Location:   Oyster Bay-East Norwich Library                    89 E Main St, Oyster Bay, NY 11771 Time:        7pm-8:30pm East Coast Time
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By Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher
(Feng Shui Manhattan Long Island)
What an amazing year of teaching at the Metropolitan Institute of Design in Syosset, NY. I am honored to have taught and mentored such amazing spirits who signed up for the nine month Universal Feng Shui certification Studies course. Sending blessing of success, prosperity, fun and continued growth to our 2015 graduating class!
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By John Ammirati
(Century 21 American Homes)
Now that we have closed the books on the real estate market in Syosset for 2015, here is the story.335 homes were listed on the market in Syosset in 2015. 145 of those closed and 38 are currently under contract. 55% of the houses put on the market were sold. 44 properties were withdrawn from the market and 24 expired without selling. 84 homes are still on the market.The average sale price for homes in Syosset in 2015 was $679,000 (95.5% of original asking price). The average asking price at sale $703,000. The average days on the market for those who sold was 58 days (that’s a pretty quick market) and the average annual real estate taxes of houses who sold was $16,682.The lowest price house sold in 2015 for $385,000 while the highest price house sold in 2015 was $1,925,000.The most popul...
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