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The low-down on LI's luxury real estate

New to the market in Lloyd Neck -

New to the market in Lloyd Neck - $3,495,000 Photo Credit: Handout

Luxury home sales in Nassau are on the rise this year, according to Daniel Gale Sotheby’s International Realty, which just released its luxury market report for the first half of 2011.

The report compares closed residential transactions of $1.5 million or more for Nassau and Suffolk counties (excluding the Hamptons). Nassau had 137 sales in this price range between January and June of this year, compared with 130 for the same time period in 2010. The median rose slightly as well, from $2.075 million to $2.1 million, a 1.2 percent increase.

The number of luxury sales for the first half of the year in Suffolk slipped from 66 last year to 62 this year, but the median rose 3.4 percent, from $1.9 million to $1.965 million.

Of the 28 markets profiled in the report, 11 had more luxury transactions in the first half of 2011 than they did in the same time period last year. Here’s a look at how those markets performed:

- In Asharoken/Eatons Neck/Fort Salonga/Northport, the number of sales increased from one last year to five this year. The median sales price rose from $1.6 million to $1.918, million a 20 percent increase.

- Centre Island had no sales in this price range in the first half of last year, but had one luxury sale this year, which closed at $2.325 million.

- There was a slight bump in Garden City, from 10 luxury sales last year to 11 this year, while the median luxury sales price slipped from $1.865 million to $1.8 million, a 3.5 percent decline.

-The number of luxury sales doubled in Lloyd Harbor, from 3 to 6, and the median saw a healthy 12.5 percent boost, from $1.6 million to $1.8 million.

- In Lloyd Neck, there were two luxury sales so far this year, compared to one sale a year ago. The median price leapt from $1,675,000 to $4,870,000, a 191 percent increase.

- Manhasset had 21 luxury sales this year, compared to 18 last year. The median sales price rose 0.5 percent, from $1,915,500 to $1,925,000.

- In Mill Neck, there were no luxury sales in the first half of last year, but there was one this year, which sold for $2.42 million.

- There were four luxury sales in Muttontown so far this year, compared to three a year ago. The median sales price decreased 16 percent, from $2,659,000 to $2,237,500.

- In Old Brookville, sales for the first half of the year jumped from three last year to 10 this year, and the median luxury sales price rose 15.6 percent, from $2,200,000 to $2,542,500

- Luxury sales for the first half doubled in Roslyn, which includes East Hills, Roslyn Estates, Roslyn Harbor and Roslyn Heights. Last year, there were six in the first six months; this year, there have been 12 so far. The median sales price is down 8.3 percent, from $1,907,500 to $1,750,000.

- Sands Point scooped up one more luxury sale this year than last year, going from eight to nine for the first half. The median also rose, from $2,800,000 in 2010 to $3,000,000 this year, a 7.1 percent increase.

This house in Lloyd Neck is on the market for $3.495 million.

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