long island real estate: 6 Reasons Why Your Long Island NY Home is Overpriced - 07/31/13 10:40 PM

6 Reasons Why Your Long Island NY Home is Overpriced
Are you wondering why your Long Island NY home doesn't have a sold sign and other similar homes are selling? Maybe the list below will shed some light.
You've had 45+ showings in almost a year and no offers. No showings at all whether your home has been on the market for a month or six months. Very little or no traffic to the open houses. Your Realtor® gives you feedback from other Realtors® and buyers who state the house is overpriced. Offers that come in $50,000 below your asking … (4 comments)

long island real estate: My Sellers Understand The Power & Value of Silence - 06/23/13 12:57 PM
My Sellers Understand The Power & Value of Silence
Some have said that it's ridiculous to not know the seller's "number". As long as we have a deal it's all good. Go tell New York State that and let's see how fast they take your license.
My clients past and present have been nice and wonderful to work with. Always very accommodating with showings and keep the house show ready. But, if buyers and agents try to dig deeper by casual conversations with my sellers, you'll be digging way past China.
A month ago an agent that was working with a … (6 comments)

long island real estate: West Babylon NY Real Estate Trends Week Ending 11/14/10 - 11/18/10 03:33 AM
West Babylon NY Real Estate Trends Week Ending 11/14/10West Babylon NY Homes For Sale: Four homes were listed last week and there are no short sales or REO properties in West Babylon. Prices range from $305,000 to $879,500.West Babylon NY Homes Under Contract: Two homes are under contract and there are no short sales or REO properties. One home is listed for $229,000 and the other for $409,000. We will not know the actual sales price until these homes go to closing.West Babylon NY Sold Homes: One home went to closing last week. It was not a short sale or REO … (4 comments)

long island real estate: Babylon NY Condos Real Estate Market Report For Whaler's Cove - Quarter Ending 6/30/10 - 07/08/10 12:48 AM
Babylon NY Condos Real Estate Market Report For Whaler's Cove - Quarter Ending 6/30/10 There are 2 condos currently available at Whaler's Cove:
3 condos closed during the 2nd Quarter of 2010:

 
Whalers Cove Condo Development is located in Babylon Village on the South Shore of Suffolk County.
Whalers Cove is conveniently located just minutes from Babylon Village shopping, restaurants, and the Long Island Railroad for those that commute via train to work.
There are 152 condos in Whalers Cove with 1 & 2 bedrooms and maintenance fees start at $170.00 and up. You even get a … (0 comments)

long island real estate: Lindenhurst NY Short Sale Real Estate Market 2008 Through June 30th, 2010 - 07/01/10 03:24 AM
Lindenhurst Short Sale Real Estate Market 2008 Through June 30th, 2010
Short Sale Homes in Lindenhurst that were listed in 2009, increase by 450% compared to 2008.
As of May 31st, 2010, 36 homes in Lindenhurst were listed as short sales. 3 short sale homes were listed in June 2010. There were 26 new short sales listings as of April 30th, 2010
33 short sale homes were listed in 2009. Lindenhurst in May 2010 has surpassed the number of short sale listings compared to 2009. The short sale real estate market is not over by a long shot.
Each month I'm … (0 comments)

long island real estate: Lindenhurst NY Real Estate Market Report For W/E 6-27-2010 - 06/30/10 03:02 AM

Lindenhurst NY Real Estate Market Report For W/E 6-27-2010
Every week I'll be posting Lindenhurst homes for sale, under contract and sold for the previous week.
The chart below represents 7 newly listed Single Family homes in Lindenhurst last week. There was only 1 REO.
 
 
 

 
The chart below represents homes Under Contract in Lindenhurst.

 
The chart below represents homes that Sold/Closed in Lindenhurst. For the most part, the days on the market looks great!

 
If you are looking to sell your home and want a competitive market analysis, which … (2 comments)

long island real estate: Lindehurst Short Sale Real Estate Market 2008 Through May 31st, 2010 - 06/28/10 06:12 AM
Lindehurst Short Sale Real Estate Market 2008 Through May 31st, 2010
Short Sale Homes in Lindenhurst that were listed in 2009, increase by 450% compared to 2008.
As of May 31st, 2010, 36 homes in Lindenhurst were listed as short sales. There were 26 new short sales listings as of April 30th, 2010
33 short sale homes were listed in 2009. Lindenhurst in May 2010 has surpassed the number of short sale listings compared to 2009. The short sale real estate market is not over by a long shot.
Each month I'm going to update this chart for 2010 so we … (3 comments)

long island real estate: Islip Co-Op The Woodlands Open House 6/27/10 From 2 - 4 P.M. 80 Cardinal Lane - 06/25/10 12:08 AM
Islip Co-Op The Woodlands Open House 6/27/10 From 2 - 4 P.M.
80 Cardinal Lane, Islip NY
Open House Flyer - 80 Cardinal Lane - The Woodlands - Islip … (6 comments)

long island real estate: Islip Co-Op The Woodlands Open House 6/26/10 From 2 - 4 P.M. - 06/23/10 03:48 AM
Islip Co-Op The Woodlands Open House 6/26/10 From 2 - 4 P.M.
 
Open House Flyer - 76 Finch Lane - The Woodlands - Islip (PDF) … (4 comments)

long island real estate: REO For Sale Suffolk County As Of 6/20/10 - 06/22/10 12:52 AM
REO For Sale Suffolk County As Of 6/20/10
Every week I will be posting REO properties that are newly listed.

 
Cash is King when purchasing REO & Bank Owned properties. And submitting your offer at asking price increases your chances of getting that property. You will find being outbid over and over again is what happens so don't be surprised.  
When you find an REO property that you want to purchase, you or your Realtor have to verify the property taxes and CO's. You also have to pay the transfer tax which is: $2.00 per every $500.00 Also, … (4 comments)

long island real estate: Lindenhurst NY Homes For Sale Real Estate Market Report For W/E 6-20-2010 - 06/21/10 01:11 AM
Lindenhurst Real Estate Market Report For W/E 6-20-2010
Every week I'll be posting Lindenhurst homes for sale, under contract and sold for the previous week.
The chart below represents 10 newly listed homes in Lindenhurst last week. There was only 1 short sale. It seems like short sales are starting to decrease in Lindenhurst. We will see about that as the year progresses.

 
The chart below represents homes Under Contract in Lindenhurst.

 
The chart below represents homes that Sold/Closed in Lindenhurst. Take notice of the List Price and Sold Price. Not a large gap between them. … (0 comments)

long island real estate: This Is NOT An Activerain Success Story..... - 06/19/10 02:37 AM
This Is NOT An Activerain Success Story..... But it's still a success story! I wrote this post on 5/26/10 titled: Buying A Co-op On Long Island. I'm happy to report that we had a successful closing on it yesterday! This purchase was problematic every time you turned around. It wasn't major things but little ones that could drive anyone batty! My clients were never at fault. Anytime they had to do something they did it without hesitation because they knew if they didn't it would hold things up. Within the first 5 minutes after sitting down at the closing table there … (16 comments)

long island real estate: Fisherman's Wharf West Babylon Real Estate Market Report Month Ending 5/31/10 - 06/01/10 02:32 AM

Fisherman's Wharf Co-Ops West Babylon Real Estate Market Report Month Ending 5/31/10
There were no newly listed co-ops during the month of May.
Under Contract: 1Current Listing Price: $218,900Original Listing Price: $223,9002 Bedrooms1 BathroomDays On The Market: 157Maintenance Fee: $985.97The maintenance fee includes property taxes, heat, landscaping, pool maintenance, underlying mortgage, etc. They are up to 65% deductible but consult with your Tax Accountant.
Sold Units: 2One unit was a 1 bedroom and sold for $176,000 with 60 days on the market.The other was a 2 bedroom and sold for $180,000 with 112 days on the market.
Fisherman's Wharf Co-Ops … (2 comments)

long island real estate: Whalers Cove Condos Babylon Village Real Estate Market Report Month Ending 5/31/10 - 06/01/10 02:13 AM
Whalers Cove Condos Babylon Village Real Estate Market Report Month Ending 5/31/10
Condos Currently Available: 2(No newly listed condos for May 2010)
Average Listing Price: $326,938Average Property Taxes: $3,726
Whalers Cove Condos Babylon Village Real Estate Market Report For January 2010
Whalers Cove Condos Babylon Village Real Estate Market Report For February 2010
Whalers Cove Condos Babylon Village Real Estate Market Report For 1st Quarter 2010
About Whalers Cove Condo Development
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If you want real estate market reports for your area monthly, email me and I will sign you up. Pleas specify the area(s) you … (0 comments)

long island real estate: North Babylon NY Sold Homes Prices For 2008 Thru May 2010 - 06/01/10 01:15 AM
North Babylon NY Sold Homes Prices For 2008 Thru May 2010

2008 was a great year wasn't it?
Sold prices decreased 9.87% in 2009 compared to 2008.
Sold Prices increased .33% so far for 2010 compared to 2009.
The average sold price from January 2010 Through April 2010 was $300,566 The chart below was for last month:
 

The chart below represents average sold prices in North Babylon month to month for 2009:

Recent Posts For North Babylon:
North Babylon Real Estate Market Report Newly Listed Homes Month Ending 4/30/10
North Babylon Real Estate Market Report Homes Under … (0 comments)

long island real estate: West Babylon NY Sold Homes Prices For 2008 Thru May 2010 - 06/01/10 12:44 AM
West Babylon NY Sold Homes Prices For 2008 Thru May 2010

2008 was a great year wasn't it?
Sold prices decreased 10.77% in 2009 compared to 2008.
Sold Prices decreased 1% through May 2010 compared to month ending April, 2010. Here is the chart from last month:

The chart below represents average sold prices in West Babylon month to month for 2009:

Recent Posts For West Babylon:
Fisherman's Wharf Co-Ops Real Estate Market Report For Month Ending 4/30/10
West Babylon Real Estate Market Report Newly Listed Homes Month Ending 4/30/10
West Babylon Real Estate Market Report Homes … (0 comments)

long island real estate: Lindenhurst NY Sold Homes Prices For 2008 Thru May 2010 - 06/01/10 12:14 AM
Lindenhurst NY Sold Homes Prices For 2008 Thru May 2010

2008 was a great year wasn't it?
Sold prices decreased 7.57% in 2009 compared to 2008.
Sold Prices decreased 5.48% through April 2010 compared to 2009. But, compared to April, 2010 sold home prices increased 1.02%. The average sold price last month was $292,000 Here is the chart for last month:

The chart below represents sold prices in Lindenhurst for 2009:

Recent Posts Regarding Lindenhurst, NY:
Lindenhurst Homes That Sold Month Ending 4/30/10
Lindenhurst Homes Under Contract Month Ending 4/30/10
Lindenhurst Newly Listed Homes Month Ending 4/30/10
Lindenhurst … (0 comments)

long island real estate: Babylon NY Sold Homes Prices For 2008 Thru May 2010 - 05/31/10 11:48 PM
Babylon Village Sold Homes Prices For 2008 Thru May 2010

2008 was a great year wasn't it?
Sold prices dropped 13.24% in 2009 compared to 2008.
The Average Sold Price from January Thru April 2010 was $461,459 so that is a 3.25% decrease compared to the end of May 2010. This doesn't mean that Babylon is in a downward spiral. This is a month by month reporting. Here is the chart for period ending April 2010:

I am seeing many Babylon listings expiring in the upper 500K and over range. Why? Due to job losses across Long Island, that … (2 comments)

long island real estate: Lindehurst Short Sale Real Estate Market 2008 - 2010 - 05/06/10 02:52 AM
Lindehurst Short Sale Real Estate Market 2008 Through April 30th, 2010
Short Sale Homes in Lindenhurst that were listed in 2009, increase by 450% compared to 2008.
As of April 30th, 2010, 26 homes in Lindenhurst were listed as short sales. 33 short sale homes were listed in 2009. The short sale real estate market is not over. Each month I'm going to update this chart for 2010 so we can see how the short sale real estate market is doing.
Short sales are a foreclosure alternative. It's better on your credit. With a short sale, you will not be able … (2 comments)

long island real estate: North Babylon NY Sold Homes Prices For 2008 Thru April 2010 - 05/04/10 04:38 AM
North Babylon NY Sold Homes Prices For 2008 Thru April 2010

2008 was a great year wasn't it?
Sold prices decreased 9.87% in 2009 compared to 2008.
Sold Prices decreased 1.07% so far for 2010 compared to 2009. I will be posting these figures once per month so we can all keep an eye on the North Babylon Real Estate Market.
 
The chart below represents average sold prices in North Babylon month to month for 2009:

 
Recent Posts For North Babylon:
North Babylon Real Estate Market Report Newly Listed Homes Month Ending 4/30/10
North Babylon Real Estate … (0 comments)

 
Jackie Connelly-Fornuff, "Moving at The Speed of YOU!" (Douglas Elliman Real Estate in Babylon NY) Rainmaker large

Jackie Connelly-Fornuff

"Moving at The Speed of YOU!"

Babylon, NY

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Douglas Elliman Real Estate in Babylon NY

Office: (631) 703-0201

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