Suffolk County Real Estate Market Advisory: North to Central Eastern Suffolk County, Long Island, New York

		Real Estate News Real Estate Articles Mortgage Rates Long Island Index 2007
	Our Market Advisory allows us the opportunity to share with you, real estate information, outlooks and opinions based on current Real Estate market trends in Eastern Suffolk County, Long Island NY Real Estate. If you would like to share any statistical data or real estate related research links, feel free to contact us via email.
August 9, 2007 An insightful opinion of the housing market fury & subprime lending loans by Mark Thorton. http://www.lewrockwell.com/thornton/thornton38.html Addressing the buyer's market we are currently in: Buyers don't get too cocky! Mortgages are pulling back who they are willing to lend to & sellers are not always willing to drop their price another 20-30K if they have already reduced. You may have more flex w/ pricing at this point, but you will potentially save more money by investigating different mortgages & rates. Furthermore, if you don't have at least 10% down, you will have no buying potential at all. - Theresa Smillie July 2007 Ouch this buyer's market is hot! Buyers are having to negotiate less since most sellers have been keeping "asking prices" at reasonable levels to purchase prices. Average Home sale prices in our areas have remained stagnant on whole, while some areas still see appreciation and others have dropped significantly due to competition with foreclosures. New home sales & high demand school districts keep certain areas stronger. This is not to say that home presentations have been better this year all around. With every opportunity, most sellers realize competition and shine their homes up before selling or get left behind in the remaining inventory that still is not expected to thin out until early 2008. What this means to buyers - less work to do before moving in & more choices. With this years sales statistics in from MLS/Libor, E Realty Group is proud to offer graphic charts for average sales prices in specific East Suffolk County towns. We hope you use these statistics with the knowledge that new construction & luxury sales alter these graphs radically. For a full evaluation specific to your home, please send us information via the Comparative Market Analysis request. (The Towns East of Riverhead cannot be included in our data due to the dramatic flux of # of home sales, luxury market skew and major new construction) East Suffolk County Average Home Sales 11933 Calverton Average Home Sales 11934 Center Moriches Average Home Sales 11940 East Moriches Average Home Sales 11949 Manorville Average Home Sales 11950 Mastic Average Home Sales 11951 Mastic Beach Average Home Sales 11953 Middle Island Average Home Sales 11764 Miller Place Average Home Sales 11955 Moriches Average Home Sales 11766 Mount Sinai Average Home Sales 11777 Port Jefferson Average Home Sales 11776 Port Jefferson Sta. Average Home Sales 11961 Ridge Average Home Sales 11901 Riverhead Average Home Sales 11778 Rocky Point Average Home Sales 11733 Setauket Average Home Sales 11967 Shirley Average Home Sales 11786 Shoreham Average Home Sales 11789 Sound Beach Average Home Sales 11792 Wading River Average Home Sales January 2007 So we've come through the other side to 2007 without a pop! Inventory is expected to thin out by next year & average home sale prices are currently level with January 2005. Mid summer dipped across the board but here we are... With lasts years sales statistics in from MLS, E Realty Group is proud to offer graphic charts for average sales prices in specific East Suffolk County towns. We hope you use these statistics with the knowledge that new construction & luxury sales alter these graphs radically. For a full evaluation specific to your home, please send us information via the Comparative Market Analysis request. (The Towns East of Riverhead cannot be included in our data due to the dramatic flux of # of home sales, luxury market skew and major new construction) East Suffolk County Average Home Sales 11933 Calverton Average Home Sales 11934 Center Moriches Average Home Sales 11940 East Moriches Average Home Sales 11949 Manorville Average Home Sales 11950 Mastic Average Home Sales 11951 Mastic Beach Average Home Sales 11953 Middle Island Average Home Sales 11764 Miller Place Average Home Sales 11955 Moriches Average Home Sales 11766 Mount Sinai Average Home Sales 11777 Port Jefferson Average Home Sales 11776 Port Jefferson Sta. Average Home Sales 11961 Ridge Average Home Sales 11901 Riverhead Average Home Sales 11778 Rocky Point Average Home Sales 11733 Setauket Average Home Sales 11967 Shirley Average Home Sales 11786 Shoreham Average Home Sales 11789 Sound Beach Average Home Sales 11792 Wading River Average Home Sales March 2006 The "Rauch Foundation" is responsible for funding and compiling an invaluable report that we feel you need to take the time to read: "The Long Island Index 2006" shares a compilation of information to increase understanding about Long Island: where we stand now and where we are heading, economically. e Realty Group Inc. has been granted permission to display this report. This year's focus is based on social and political research on governance and taxation issues on Long Island brought to you by leaders from Long Island's businesses, academic, labor and not-for-profit communities that have been generously supported by a 3-year grant from the "Rauch Foundation". Acknowledgments are on the last page which include the list of organizations that contributed their data and expertise, along with the credits to the Report Preparation Team and Publication Coordination and Design company. Just a Tip: This report is in "pdf" format. If you wish to print any part of this report, remember to select "current page" or select specific page numbers you wish to print when your printer window pops up, or you will print the entire 63-page report. Long Island Index 2006 February 2006 The concerns of the "bursting bubble" theory are probably foremost on your mind. We would like to share at this time, although the news media has greatly saturated the public with news of a pending disaster, statistics and solid numbers do not reflect a pop. The Long Island market is really only seeing a transition into a more realistic, steady appreciation rate. Although there is currently an abundance of inventory, demand is still high and buyers are still buying homes.