Syosset NY Real Estate

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Real Estate Agent - Century 21 American Homes
Local real estate around Syosset NY - Nassau County Real Estate Market
RECENT BLOG POSTS
We are at the beginning of the fall real estate market in Syosset and the question is – Are buyers giving up on this market or is there just nothing for them to buy?  The number of homes put under contract has fallen to the lowest level since January. While there is a natural falloff in activity ...
10/17/2017
Halfway through the year here is the relevant market data for Syosset NYCurrently on the Market – 85 homes 9 condosMedian Asking Price $799,00084 homes and 6 condos are under contract205 homes and 16 condos were put on the market since Jan 2017median asking price $739,000106 homes and 2 condos cl...
07/06/2017
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...
05/06/2017
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...
04/10/2017
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...
02/15/2017
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...
01/04/2017
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...
09/14/2016
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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...
08/11/2016
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...
07/07/2016
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 ...
04/29/2016
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