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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Today's Newsday
Did anyone see the article in today's newsday about queens real estate? It is up 19% this June compared to last june.... Nassau and suffolk are also up 4-5%. It states that the market has cooled but prices are still on the rise.......
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Posted 7/12/06 9:02 AM  |
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Prudential Douglas Elliman Real Estate
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Today's Newsday
hmm, that's odd. i've been watching the RE market out in Suffolk where we're looking and prices are way down from last summer 
1 example - Setauket. there wasn't a house to be found in E. S. or regular Setauket for under $400K, not even the one's that were fixers.
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| Posted 7/12/06 9:16 AM |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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Re: Today's Newsday
I have heard people say that Suffolk is the first to see real estate go down - then it becomes a trickle effect throught the island but the boroughs of NYC take longer with Manhattan being at the bottom.
Many parts of Queens are very attractive to young couples right now. The proximity to LI and Manhattan along with some of the best school districts in the NYC system are appealing to a variety of buyers.
We live in Bayside in SD #26 which has been rated #1 for years so the demand in that area is unbelievable. We are 20 minutes by LIRR to Penn Station with no stop in Jamaica (the only line to do that). Co-ops, Condos and Townhouses are still a lot more reasonable in price than in LI with 2 bedrooms available for under $300k.
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| Posted 7/12/06 12:47 PM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: Today's Newsday
Yeah...the prices are going down where we are in Nassau, but not by much and only if they're desperate to sell...
Slow moving here...
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| Posted 7/12/06 12:51 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
I guess prices are going down from where they were originally listed, but still up from last year. I find this interesting....
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| Posted 7/12/06 1:38 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Today's Newsday
they mentioned in the article that prices of houses in contract for June 2006 compared to June 2005 was down though. and that inventories are very high.
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| Posted 7/12/06 1:40 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
Posted by SweetestOfPeas
hmm, that's odd. i've been watching the RE market out in Suffolk where we're looking and prices are way down from last summer
1 example - Setauket. there wasn't a house to be found in E. S. or regular Setauket for under $400K, not even the one's that were fixers.
that is very true- 2 summers ago those same high ranches were listed for $485 +
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| Posted 7/12/06 1:44 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
Yeah it said the market is definitely cooling off..... Which it would have to be with inventories at these levels....
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| Posted 7/12/06 1:45 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
I noticed the prices in Long Beach have come down alot as well
I thought the prices were are little wacky last winter- and the same houses around the corner from me have been on the market for more then 6 months now
too bad I don't like any of them
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| Posted 7/12/06 1:50 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
That's the weird thing about the market right now - lots of stuff on the market, not a lot of NICE things on the market. We bought in January (some could say the peak) and I haven't seen anything come on the market in our price range that i like better than our house - and it was a pretty wide price range!
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| Posted 7/12/06 1:58 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
honestly- ( I hope no one takes this the wrong way) I haven't seen anything under $1M that I want to buy right now
I am not seriously looking- I put no limit on the search in MLS - so it's fun to see what comes up- but sad at the same time
most houses I like are $2M- which is never going to happen unless I win the lottery
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| Posted 7/12/06 2:06 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Today's Newsday
I agree - its pretty crappy!!
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| Posted 7/12/06 2:07 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
Posted by Beth1210
honestly- ( I hope no one takes this the wrong way) I haven't seen anything under $1M that I want to buy right now
I am not seriously looking- I put no limit on the search in MLS - so it's fun to see what comes up- but sad at the same time
most houses I like are $2M- which is never going to happen unless I win the lottery
are you looking to stay in Long Beach or are you looking at other areas in Nassau as well? We had a similar problem in Manhasset but we were fortunate enough to be able to buy a great house - in our opinion anyways!
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| Posted 7/12/06 2:13 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
Posted by lululu
Posted by Beth1210
are you looking to stay in Long Beach or are you looking at other areas in Nassau as well? We had a similar problem in Manhasset but we were fortunate enough to be able to buy a great house - in our opinion anyways!
My DH wants to buy on deep water canal or waterfront- so we are limited- we are looking from Long Beach to Massapequa- we will most likely wind up in Nassau Shores- I think
so when I do my searches it's for waterfront- so even less nice things come up under $1M
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| Posted 7/12/06 2:20 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
where is nassau shores? i am not very familiar with south shore nassau as i grew up north shore suffolk!
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| Posted 7/12/06 2:21 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
Posted by lululu
where is nassau shores? i am not very familiar with south shore nassau as i grew up north shore suffolk!
it's massepequa- I am from Setauket so I am clueless
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| Posted 7/12/06 2:22 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
I just did a search - this one is my favorite!
What a house!
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| Posted 7/12/06 2:28 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
and this one!
Even Better!
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| Posted 7/12/06 2:30 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
$1.5- $2M gets you a lot- anything less then that isn't as exciting
there is one in oceanside for $2.2 that I love
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| Posted 7/12/06 2:42 PM |
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Freddie
LIF Adult
Member since 3/06 1162 total posts
Name:
Freddie
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Re: Today's Newsday
I almost fell off my chair when I saw what some people were asking 1 year after we bought (6 months ago or so)...Of course I was happy, but so unrealistic!
Maybe some said - it was worth a shot, and tried to see if someone would give them that, but I think 5% more than what I paid is likely what they'll get
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| Posted 7/12/06 3:02 PM |
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Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: Today's Newsday
Posted by Beth1210
$1.5- $2M gets you a lot- anything less then that isn't as exciting
there is one in oceanside for $2.2 that I love
The funny thing is these are the homes that are moving. I do deals like this all the time. Multi-million dollar homes are on the rise. Except the problem is....who can afford it???
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| Posted 7/12/06 3:15 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
Posted by Hi-Fi55
Posted by Beth1210
$1.5- $2M gets you a lot- anything less then that isn't as exciting
there is one in oceanside for $2.2 that I love
The funny thing is these are the homes that are moving. I do deals like this all the time. Multi-million dollar homes are on the rise. Except the problem is....who can afford it???
I believe you- I think the most I could swing is $1M- we don't want to go that high- it would be rough- that's why we haven't bought anything-
however- there was a house in ocean side last year- listed at $1.2M, I went to see it they dropped to $999K, now a different house on that block ( same expect the one I liked was stucco) is $899K- so I think there is room to neg- but if you have that kind of money was another $100K ??????? ( for over a $2M home)
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| Posted 7/12/06 3:23 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
Posted by Hi-Fi55
Posted by Beth1210
$1.5- $2M gets you a lot- anything less then that isn't as exciting
there is one in oceanside for $2.2 that I love
The funny thing is these are the homes that are moving. I do deals like this all the time. Multi-million dollar homes are on the rise. Except the problem is....who can afford it???
People that work in the city in finance, people with family money.... they are out there.
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| Posted 7/12/06 3:42 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Today's Newsday
people trading up- people who marry later and both had homes and sell them
people who are mortgaged up to there eye balls-
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| Posted 7/12/06 3:48 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Today's Newsday
Posted by Beth1210
people trading up- people who marry later and both had homes and sell them
people who are mortgaged up to there eye balls-
Yes - I forgot about people trading up. For us, we were able to afford a lot more than most people in part because we are both a little older (30 & 33) and we each owned our own place prior to buying a house together..... We both bought about 4 years ago before the big boom and our two house combined were already worth $1.1mm (we originally purchased them for $684k.
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| Posted 7/12/06 3:51 PM |
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