Real LI
Buying and selling real estate in the communities of Long Island
Why Long Island home prices are rising slower than the U.S. average
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U.S. home prices are up about 10 percent right now from the same time last year, multiple national reports have shown, yet local reports have indicated that Long Island's appreciation is just half of that -- or even less.
The closely watched Case-Shiller Home Price Index most recently reported a 9.3 percent nationwide increase, while a similar measure from market analytic firm CoreLogic, released...
Read more »Why you should buy their condo in Farmingdale
Photo credit: Anthony Lanzilote
Sellers: Michelle and Robert Heubish
Address: 64 Stratford Crescent, Farmingdale
Asking price: $349,000
The competition: A three-bedroom, 2½-bath condo in the same complex is on the market for $339,000.
Recent sale in the area: A four-bedroom, 2½-bath condo in the complex sold in mid-April for $326,000.
Taxes: Including Village of Farmingdale taxes, $8,102 (plus $240...
Read more »2013 Hamptons designer show houses for sale
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Two designer show houses will highlight the Hamptons summer season, and both are for sale:
A JULY TO REMEMBER. A Bridgehampton property playing host to the 2013 Hampton Designer Showcase is on the market for $5.75 million. There are about $750,000 in upgrades and features planned for the home, including energy-efficient utilities and a complete entertainment room, says builder and listing...
Read more »Snag Sagaponack's Shagaponack for $849G
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Become the mayor of Shagaponack with the purchase of this three-bedroom, two-bathroom home in Sagaponack listed for $849,000. The pun for the working name of the newly renovated ranch is derived from the contrast of the home’s simple environment with the opulence of the community it is in.
“We started looking around for something in the area, but everything was fairly high-priced,” says...
Read more »Manorville house comes with batting cage
Photo credit: Randee Daddona
While the kids are waiting for the in-ground pool to open for the summer at this Manorville home, they can hit some balls in the batting cage with its automatic pitching machine, or play in a two-story dollhouse.
The in-ground pool is surrounded by brick pavers and has a waterfall, a built-in fire pit and a 16-by-16-foot gazebo with a bar and electricity. This is all enclosed by a wrought-iron...
Read more »News 12 clip: See Cole Porter summer home in Sea Cliff, and more
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Newsday's LI Home editor Valerie Kellogg appeared on News 12 Long Island Tuesday, as she does every Tuesday around 7:15 p.m., to talk about three high-end homes on the market. Here's the clip, in case you missed it, with a list below of the agents representing each of the properties. To see past segments, click here.
SEA CLIFF HOUSE:
Michael Stanco (917-293-0915) and Ludmilla Stanco...
Read more »Jennifer Lopez buying Hamptons mansion in Water Mill, source says
Photo credit: John Roca; AP
Jennifer Lopez is buying a three-acre Hamptons estate on the market for $9.995 million, a source close to the real estate deal says.
The eight-bedroom, 7.5-bath home is on a private cul-de-sac in Water Mill. It comes with a pool, pool house, outdoor shower, sauna, steam room and theater, according to the listing with The Corcoran Group.
The 8,500-square-foot house was built in 2004....
Read more »Long Island renters were hit hardest when home values slumped
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Home values may have plummeted during the recent crash, but the burden of housing costs increased dramatically for working people in the New York City, Long Island and northern New Jersey region.
About 35 percent of local working households spent more than half of their income on housing in 2011, according to a study by the Center for Housing Policy, a higher share than all but two metropolitan...
Read more »Report: Long Island home sales up, inventory down
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The cruelest month was kind to Long Island real estate as April year-over-year housing sales increased by 21.7 percent to 1,549, according to a report released Friday by the Multiple Listing Service of Long Island.
Nassau County gained the most sales, growing by 24 percent to 764 for completed sales. Pending sales increased to 1,123, a 14.4 percent rise. Suffolk County sales rose to 780 compared...
Read more »Applying for Sandy aid: Gov. Cuomo sends assistance to LI
Photo credit: Newsday / Thomas A. Ferrara
Federal aid for businesses and homeowners affected by superstorm Sandy was approved this past week, and Gov. Andrew M. Cuomo is making an effort to help Long Islanders receive their funds.
He announced Thursday that he's sending additional representatives from the state's Department of Financial Services to Long Island over the next week in order to help residents apply. If you think...
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