LONG ISLAND LIVING: FEBRUARY 2020

 

MARKET REPORT

 

As we enter February there is a sense of pent up demand on the buyer’s side of the market.

Buyers are eagerly awaiting fresh new inventory.

Sellers are busy getting their homes ready to come to market – and the sooner they do there will be less competition with the market's high demand.
 

 

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2019 Profile Highlights of Home Buyers and Sellers According to the National Association of REALTORS

  • First-time buyers made up 33% of all home buyers, holding steady from last year's 33%.
  • At 29%, the primary reason for purchasing a home was the desire to own a home of their own.
  • Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 39%. Buyers who purchased previously owned homes were most often considering a better overall value at 33%.
  • There was a median of only 15 miles between the homes that recent buyers purchased and the homes that they moved from.
  • 89% of buyers recently purchased their home through a real estate agent or broker.
  • 41% of buyers used an agent that was referred to them by a friend, neighbor, or relative and 12% used an agent that they worked with in the past to buy or sell a home.

  

2019 MARKET OVERVIEW

 

 

 
SEE OUR JANUARY MARKET REPORTS BELOW
 
 
  


    

DID YOU KNOW?

 

HAPPENING AROUND TOWN:

NEW RESTAURANT 

  

7 Gerard

7 Gerard opened last night in Huntington Village.

Wood fired new American cuisine with an emphasis on natural flavor and influences from around the world.

Make a reservation here.
 

   

RECENT ACTIVITY
 

UNDER CONTRACT:

46 Penataquit Pl, Huntington

ONLY ON THE MARKET 18 DAYS!

Missed seeing it?
Come take a glimpse below at this gorgeous village home.

 

 

 JUST LISTED:

 
 

 

 

 
 
 
Sincerely,
 
 
Debra L Russell
 

Real Estate Salesperson
Certified Buyer Representative
Gold Circle Of Excellence
Daniel Gale Sotheby's International Realty

5 Main Street
Cold Spring Harbor, NY 11724

631-692-6770 ext 217
516-662-5401 cell

 
 

                     

               

 
                                              
 
 
Daniel Gale Sotheby's International Realty
debrarussell@danielgale.com