Home Sellers Before and During COVID-19

The top reason for sellers before April to sell their home was because they wanted to be closer to friends and family. Home sellers who sold their home after March were more likely to report the main reason for selling was because their home was too small. Home sellers who sold after March were more likely to say they were somewhat urgent in their need to sell their home – 46% compared to 39% of those … Read More

Home Buyers Before and During COVID-19

Buyers who purchased after March were more likely to purchase a multi-generational home at 15% compared to 11% who purchased before April. Buyers who purchased after March have a shorter expected tenure in the home they purchased, just 10 years compared to those who purchased before the pandemic who expect to own their home for 15 years. 57% of buyers who purchased during the pandemic purchased in a suburban location, compared with 50% of pre-pandemic buyers. Buyers … Read More

Home Sellers and Their Selling Experience

For all sellers, the most commonly cited reason for selling their home was the desire to move closer to friends and family (15%), that it was too small (14%), and a change in family situation(12%). 89% of home sellers worked with a real estate agent to sell their home. For recently sold homes, the final sales price was a median of 99% of the final listing price. 46% of all sellers offered incentives to attract buyers.

Home Buying and Real Estate Professionals

88% of buyers recently purchased their home through a real estate agent or broker, and 6% purchased directly from a builder or builder’s agent. Having an agent to help them find the right home was what buyers wanted most when choosing an agent at 51%. 73% of buyers interviewed only one real estate agent during their home search. 91% of buyers would use their agent again or recommend their agent to others.

The surge continues!!!

The increases year over year are not the same as in the last few months which had some increases of over 50 % …but still below is still amazing and wonderful for the market Queens took longer than Nassau and Suffolk to rebound…but it also had an impressive increase in deals year over year The luxury market over $ 2 … Read More

Glen Oaks, Neighborhood update

Glen Oaks Oval Homes for Sale3Avg. Home Price$917KAvg. Sold Price2.4K 3 Active| 49 Avg. Days on Market $503 Avg. listing price per sq.ft.|$503 Avg. sold price per sq.ft.

MARKET UPDATE

Some good news, we saw an increase in sales price this September vs last September which is a great sign for the market. The discounts being offered are also shrinking. See the contract signed report broken down below and you can view the PDF released by Douglas Elliman here.                         … Read More

What Will Homes Look Like in a Post-Pandemic World?

Here is an article I read this morning on realtor magazine. It talks about “what will Homes look like in a Post-Pandemic World?” Here is part of the article… “If the pandemic has taught us anything about the way we live, it’s that our homes are our sanctuaries. Homeowners are increasingly seeing their home as a place where all needs—work, … Read More