The North Shore of Long Island is known for affluent living, a stylish and storied quality of life and homes and properties of distinctive style. (I love living and working here!)
Each year, my firm Daniel Gale Sotheby's Realty International compiles and publishes its annual Luxury Market Report. The Luxury Market is defined as homes that sold over $1.5 million. This market typically totrends and tracks differently than the rest of the market, and real estate is local at any price point - so trends and changes are really neighborhood or town specific. This report does not include The Hamptons...that is its own real estate animal!
The numbers are in and 2010 shows the Luxury UP both in average price and median sales prices....and the number of properties (units) sold is up too! Our CEO, Pat Peterson calls the positive changes in 2010 versus 2009 "a return to normalcy" and is hopeful 2011 will be stable.
CLICK HERE to open DGSIR's Luxury Market Report for Nassau and Suffolk counties.
I am here to be your real estate expert. Please email me at annieholdreith@danielgale.com with thoughts or comments about this report and any of your real estate questions!
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