The Wow factor on Long Island and it's effect on Real Estate

Philip Raices

I have lived on Long Island for over 69 years. I have enjoyed all the beauty and benefits of the sights, sounds, food, culture, and fun things that accompany living on Long Island.

There is so much to see and do and enjoy here that it draws those who can afford to gain all that it has to offer. While many towns and cities across the U.S. have seen their inventory skyrocket over the last year and a half and seen their prices go down considerably, Long Island housing prices, according to Redfin, are up 7.8% year-over-year.

Some have left New York State for other locations for many reasons, mainly due to the cost of living, e.g. escalated housing prices, interest rates, rents, etc.

As I have mentioned in previous posts, we have lost net population over the last 12 years, and the following are the reasons why this has occurred.

But for those who want, need, and can live on Long Island, there is a cornucopia of things to do, see, participate in, and actively get involved with to keep you constantly busy, having fun, learning, relaxing, and enjoying everyday experiences. Once you begin living here, you will not want to leave.

However, our world-class pristine beaches, especially Jones Beach, draw huge crowds during the summer months. Strolling on the boardwalk at Jones or Long Beach is one of the relaxing and enjoyable ways to spend some time. Our world-renowned wineries out on the North Fork: https://bit.ly/46KjdwH provide those wine enthusiasts with fabulous choices and local bands playing music to dance by and accompany your wine tastings.

There are a multitude of music venues that will assuredly satisfy everyone’s tastes: https://bit.ly/4diYfaJ.

Whether you enjoy Rock n’ roll, jazz, or classical music, it can be found here on Long Island. If you like shows, there is quite an assortment of venues to choose from in and around the area: https://bit.ly/3M2qRsQ. Also, you are a hop, skip, and a jump from the Big Apple for Broadway shows: https://bit.ly/3M3B9sE

During each season there are numerous farms to pick your favorite fruits. During the late spring, summer, and fall where there is apple picking and grabbing a pumpkin for Halloween https://bit.ly/3YFGSw6

There are plenty of boating activities and excursions to consider for a weekday or weekend: https://bit.ly/3SL2JPa If you are an avid or weekend fisherman, then there are excellent choices to either go out on a charter or party fishing vessel, https://bit.ly/4dmPGeY rent your boat https://liboatrentals.com/ or throw your line over on a pier for a relaxing day https://bit.ly/4dhKGIE.

If camping in the outdoors is an activity that you would thoroughly enjoy or want to try, then Long Island has choices, from RV Parks and campgrounds: https://bit.ly/3M3hskH. Being able to cook your meals by a fire, toasting marshmallows, creating S’mores for a delectable dessert.

Other activities that a family can enjoy include hiking, biking, fishing, stargazing, nightlife, and restaurants.

Long Island has much to offer to satisfy a family’s or couple’s needs and wants. Whatever you are looking for can be found here. Most important is having highly acclaimed and top-rated schools, which draws many families to come to Long Island or to continue to reside here.

All these contributing factors, and the lack of inventory and continued demand account for higher prices for housing and rentals. We all hope and pray that more inventory will come into the market over time as more purchasers come of age and situations can buy their first home, condo, or coop.

It is not a very easy market to secure a home, as many have lost out to those who have outbid them in the ongoing game of negotiations and bidding wars that are still occurring.

I believe Long Island will always have the wow factor to engage and entice those seeking a vibrant, fun-packed, entertaining, and action-packed living experience to enjoy and flourish in a pleasurable and unique lifestyle among places to call home.

Philip A. Raices is the owner/broker of Turn Key Real Estate at 3 Grace Ave. Suite 180 in Great Neck. For a free 15-minute consultation, value analysis of your home, or to answer any of your questions or concerns, he can be reached by cell: (516) 647-4289 or by email: [email protected] or via https://WWW.Li-RealEstate.Com