Real Estate Environment Today

For starters the increase in the use of the internet by the 35 – 50 year old demographics has made most advertising and sales promotions, not to mention public office and government affairs, to get eyes on their product need to move to online ads. Lets not forget that the under 35 grew up with the internet and use it almost daily, oh wait the over 50 are getting addicted to the instant new information source, games and social networks also. These ads are not traditional they are blogs, information sources with agendas and social blurbs to name a few techniques used to get some of that attention. Newspaper is dead, this has been said for a few years now but with the tight economy we are seeing less advertising dollars going to this media than ever and more pouring into this effective, easy to monitor sensation. What does this mean to you? If you are going to buy or sell real estate today you need to be able to negotiate the internet. What I mean is you will get all the information you will need and then some. Are all the sources at your disposal beneficial? Web traffic is directed to the advertisers who pay extra this will get them front page placement, words that trigger them in the top of search pages and so on. You can post your own listing you can search for homes to purchase. But, are you being seen are you seeing exactly what you are looking for? Did you hire a professional that does not understand the power of this tool? Real Estate does get bought and sold over the internet but it is not common this is still a product that needs to be physical. Consumers should walk\view property in person to truly know what you are purchasing. It will not come to you other than in pictures and the pictures will\should look good! This means if you are selling or buying you will need to do the research view the property and follow through when committed to sale with inspections, appraisals, title search, true taxes and this list goes on. People believe that real estate agents are sales people and all they want is that commission. That is true, but these people do a great deal of work all year round staying informed and educated about the markets and their area trends, they know all the steps and people to contact help make a smooth transaction. A professional agent earns the commission they are trying to get, to most it is all about you; they want you to be happy with a major decision in your life. The ones who are successful know that if you are satisfied with them and the work they did for you, you will use them again and or refer them to people you know.
How this concerns you? Well with all the information available to you, you need to know, are you seeing what you are looking for or what is being paid for you to see , is the information current, what is the history of it or its market. Information is great, Knowledge is powerful. How you use it is ….. Learn from your mistakes, better yet don’t make any, learn from some one else’s. Use the knowledge and information of a local realtor to make this major decision in your life and get over it they get paid for this service.

First quarter Long Island Market Results

First Quarter Sales and Lis Pendens Statistics

Long Island Property Sales

First Quarter - 2009
Location
#
Amount
Median
Average
Long Island
3,754
1,733,885,242
374,995
461,877

Suffolk County
1,926
831,094,746
330,000
431,513

Nassau County
1,828
902,790,496
407,750
493,868

Babylon Township
275
86,245,626
310,000
313,620
Brookhaven Township
682
205,461,419
275,000
301,263
East Hampton Township
45
59,853,784
675,000
1,330,084
Huntington Township
228
126,955,708
458,554
556,823
Islip Township
393
135,325,088
315,000
344,339
Riverhead Township
51
20,550,755
370,000
402,956
Shelter Island Township
1
1,240,000
1,240,000
1,240,000
Smithtown Township
123
57,529,687
419,000
467,721
Southampton Township
87
113,519,699
660,000
1,304,824
Southold Township
41
24,412,980
400,596
595,439
Hempstead Township
1,044
438,443,703
377,500
419,965
North Hempstead Township
316
221,518,911
527,000
701,009
Oyster Bay Township
468
242,827,882
425,000
518,863
Click here to view our fully interactive Sales Statistics

Long Island Lis Pendens Filings

First Quarter - 2009
Location
#
Amount
Median
Average
Long Island
3,309
1,226,793,054
332,000
370,744

Suffolk County
2,076
738,526,595
312,000
355,745

Nassau County
1,233
488,266,459
359,650
395,999

Babylon Township
332
102,922,019
320,000
310,006
Brookhaven Township
742
227,989,691
283,875
307,264
East Hampton Township
28
22,281,191
605,440
795,757
Huntington Township
156
69,282,165
387,750
444,116
Islip Township
595
186,122,360
308,000
312,811
Riverhead Township
27
8,854,542
323,000
327,946
Shelter Island Township
1
922,500
922,500
922,500
Smithtown Township
80
38,484,785
401,875
481,060
Southampton Township
98
73,577,924
536,875
750,795
Southold Township
17
8,089,418
480,000
475,848
Hempstead Township
895
331,149,768
356,000
370,000
North Hempstead Township
135
75,667,491
399,200
560,500
Oyster Bay Township
203
81,449,200
360,000
401,228
Click here to view our fully interactive Lis Pendens Statistics
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